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A record number of individuals renounced their American citizenship or residency in 2014, according to the Treasury Department – a total of 3,415 people. This number is 14% higher than last year, which was also a record year that clocked in 2,999 new expatriates. While there is no definite way to know why these numbers are […]
Peter Schiff is flabbergasted that the financial media is reporting China’s large trade surplus as a negative for its economy, while America’s huge trade deficit is portrayed as a positive. Both China’s surplus and America’s deficit are blamed on the same thing – a strong currency. After debunking this misinformation, Peter moves on to tear […]
John Stossel and Peter Schiff discussed why the bailout of the big banks during the 2008 financial crisis simply laid the groundwork for a more severe economic calamity. If the free market were allowed to function, short-term economic pain would be overcome by a more fundamentally sound and independent economy. Unfortunately, Peter observes that the […]
Peter Schiff has always emphasized that gold is a long-term safe haven asset and not a means of making quick profits. Investors need to understand the big economic picture to grasp why gold such an essential asset. Perhaps the biggest picture is the rise and fall of global currencies throughout history. Jim Rickards, author of […]
Alan Greenspan has predicted that Europe is not going to continue to loan money to Greece. He believes this will lead to Greece exiting the euro, and possibly the eventual dissolution of the euro entirely. Axel Merk agrees that Northern Europe is ready to abandon Greece. He gives an excellent, in-depth explanation of the Greek […]
Peter Schiff digs into the new jobs numbers and the latest trade deficit report, asking the tough questions the mainstream media avoids. When viewed together, the latest data reveal that the United States’ economy is consumer-based with failing production. Peter believes the uptick in unemployment may be the beginning of a new negative trend.
At the end of January, Senator Rand Paul re-introduced the “Audit the Fed” bill first promoted by his father, Ron Paul. If passed, the bill would hopefully make the Federal Reserve more transparent by opening it to a direct audit from the Government Accountability Office (GAO). The Fed has been legally exempt from GAO audits […]
Gallup CEO Jim Clifton caused big waves across the media on Tuesday when he published an article calling the official government unemployment number of 5.6% a “big lie.” Clearly the powers that be were not pleased with the criticism. The very next day, Clifton appeared on CNBC to qualify his statement. In an almost Orwellian […]
Bloomberg has published a feature-length article about the history of the German gold repatriation movement partly led by Peter Boehringer. The piece is unusual for the mainstream American media in that it actively entertains the possibility that foreign gold stored in the New York Federal Reserve may not be the same gold originally deposited. Even […]
Marc Faber has been long on gold since the mid-1990s. He thinks 2015 may be the year that investors wake up to the scam that is central banking. The only way to bet against the central banks is to buy gold. You can take a riskier approach and get into gold mining stocks, but the […]
