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POSTED ON June 15, 2020  - POSTED IN Peter's Podcast

After the stock market tanked last week, the Trump administration tried to do damage control and talk the economy back up. In his podcast, Peter Schiff said the damage control fell flat. In fact, everything the government is doing claiming to help isn’t helping at all.

POSTED ON June 3, 2020  - POSTED IN Peter's Podcast

Protests have rocked the US in the wake of George Floyd’s death at the hands of a Minneapolis police officer. In some areas, peaceful protests have crossed the line into violence and looting. But the real question is what are the long-lasting political ramifications that will come out of the unrest?

Peter Schiff talked about it during a recent podcast and worried that it could lead to bigger government and more socialism.

POSTED ON May 14, 2020  - POSTED IN Original Analysis

Federal Reserve Chairman Jerome Powell went negative in a webcast speech on Wednesday, May 13.

I’m not talking about negative interest rates, although that could be coming down the pike as well. Powell went negative on the prospects of a quick economic recovery.

He’s right about the prospects for the economy, but he’s wrong about the solution. That’s because he doesn’t even realize it’s Fed policy at the root of the problem to begin with.

POSTED ON May 5, 2020  - POSTED IN Key Gold Headlines

Welcome to your future. Your government is spending it right now. And your children’s and grandchildren’s future to boot.

The US Treasury plans to borrow $2.99 trillion in the second quarter. The Treasury also plans to borrow another $677 billion in the July-September quarter, bringing the total fiscal 2020 debt to $4.48 trillion.

It’s a level of borrowing that’s difficult to even wrap your head around.

POSTED ON January 29, 2020  - POSTED IN Key Gold Headlines

The CBO projects the federal government will run massive budget deficits into the foreseeable future and says the ballooning national debt poses “significant risk” to the economy and financial system.

According to the CBO, the federal budget shortfall will hit $1.02 trillion in FY 2020 and rise into the foreseeable future. Deficits will average $1.3 trillion per year between 2021 and 2030 and top $1.5 trillion by the end of the decade. The CBO projects cumulative deficits over the next decade to total $13.1 trillion.

POSTED ON January 15, 2020  - POSTED IN Key Gold Headlines

The US federal government ran a budget deficit of over $1 trillion in the 2019 calendar year. It was the first budget deficit over $1 trillion in any calendar year since 2012 — in the midst of the Great Recession.

The budget shortfall from January through December totaled $1.02 trillion, according to the latest report issued by the Treasury Department. That continued a rapidly accelerating upward trajectory. The 2019 budget gap was 17.1% bigger than the 2018 deficit, which was a 28.2% increase over 2017.

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