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Peter Schiff recently appeared on Real America with Dan Ball to talk about Bidenomics and the impact of inflation. Peter said Bidenomics is a disaster and price inflation isn’t beat. In fact, it will continue to increase as long as the government keeps borrowing and spending. Dan opened the interview pointing out that despite cooling […]
One of the reasons Americans were able to continue spending even as price inflation raged was they saved a lot of money during the pandemic lockdowns. But those savings are nearly depleted, according to a study released by the Federal Reserve Bank of San Francisco. Aggregate savings peaked at $2.1 trillion in August 2021. As […]
Most people now seem to think the Federal Reserve can beat price inflation and guide the economy to a soft landing. In his podcast, Peter Schiff explains why most people are wrong. The Fed is actually in a no-win situation. And if the Fed can’t win, gold can’t lose.
The sell-off in precious metals which started in late July continued this week, but its momentum slowed with silver even showing a modest gain on the week so far. In early European trading, gold was $1892, having traded down to $1885 yesterday, for a net fall of $19 on the week. Silver was $22.78 having […]
There is a growing consensus that the Federal Reserve can successfully slay price inflation and bring the economy to a soft landing. After all, the economy appears to be chugging along. But as Friday Gold Wrap host Mike Maharrey explains, there are a lot of things bubbling under the surface that should temper that optimism. […]
Globally, further falls in consumer price inflation are now unlikely and there are yet further interest rate increases to come. Bond yields are already on the rise, and a new phase of a banking crisis will be triggered. This article looks at the factors that have come together to drive interest rates higher, destabilising the […]
Dishonest money is destroying our standard of living. What do I mean by “dishonest” money? I mean government fiat money that it can create out of thin air. This is inflation and it constantly eats away our purchasing power.
Good news! The recession is off! For months, economists predicted the Federal Reserve’s rate hikes to fight price inflation would spin the US economy into a recession. But there is a growing consensus that the central bank can slay price inflation while guiding the economy to a “soft landing.” Economists Bob Murphy and Jonathan Newman […]
In another sign the financial crisis continues to bubble under the surface, banks borrowed an additional $3.7 billion from the Federal Reserve’s bank bailout program in July. Currently, there are $106.9 billion in outstanding loans in the Bank Term Funding Program (BTFP).
In another blow to dollar dominance, India and the United Arab Emirates settled an oil trade without converting local currencies to dollars for the first time on Monday, as India’s top refiner made a payment for oil in rupees. Indian Oil Corp. bought a million barrels of oil from Abu Dhabi National Oil Company in […]
