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In the 80s, America confronted two great risks – an evil empire and an out-of-control US dollar. Unfortunately, though we beat the communists, we seem to be losing the battle for sound money. For its latest comic, Lampoon the System reprises War Games, the classic 1983 blockbuster starring Matthew Broderick. The esteemed Jim Rickards plays the role of […]
This week, Chuck Jeannes announced that either this year or next, miners will have reached “peak gold.” Peak gold means that the amount of gold being pulled out of the earth will begin to shrink every year, rather than increase, which has been the case since the 1970s. Jeannes is the chief executive of the world’s largest gold […]
The Silver Institute’s August edition of Silver News is now available. This issue explains the fundamentals behind the surging growth in demand for industrial silver, which is expected to exceed global GDP growth through 2016. The constantly evolving industry for silver technology is largely to thank for this increasing demand. August’s Silver News highlights some of the […]
The financial media regularly plays down reports of consumer price inflation that are much higher than the official numbers. Even worse, analysts generally argue that more inflation is needed for the health of the US economy. Pippa Malmgren, author of a new book, Signals: The Breakdown of the Social Contract and the Rise of Geopolitics, […]
The John J. Heldrich Center for Workforce Development at Rutgers University released its latest Work Trends report. The national survey found that Americans are extremely pessimistic about the state of the US economy in spite of the financial media’s claims that a strong economic recovery is underway. The report is titled “Unhappy, Worried and Pessimistic: Americans in […]
Jim Grant, publisher of Grant’s Interest Rate Observer, was interviewed by Steve Forbes. Jim gives a grim overview of the economy, saying that the Fed’s suppression of interest rates and the creation of “unimaginable amounts of digital money” since 2007 have caused major distortions. Economic intervention leads to more economic intervention and “the patient is over-medicated.” Jim says […]
Michael Franzese, a former mob boss who went straight following a 10-year prison term, thinks stocks are in a bubble. He says he has worked with many of the people on Wall Street and doesn’t feel comfortable letting “shady” characters handle his money. In 1986, Franzese ranked No. 8 on Fortune Magazine’s list of the […]
Stocks continue to soar to record highs and the media breathlessly touts the economic recovery. But the Fed-fueled bull market for stocks can’t last forever. Some renowned experts are issuing ominous warnings: Nobel Prize-winning economist Robert Shiller says the stock market is looking very expensive. By his metric, stocks have only been at their current […]
This is the final installment in a three-part series exploring three key reasons why gold could be the best hedge in the event of a major market correction. For part one, click here. For part two, click here. As we wrote previously, there are many stories in the news lately exploring the various ways to protect […]
Another gold scam has been exposed this month, but only after customers gave more than $2.6 million to precious metals dealer Robert Escobio who lost $600,000 of the invested funds. The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement claim against Escobio and his company Southern Trust Metals, Inc. Escobio convinced investors […]
