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On March 1, the national debt eclipsed $28 trillion. The mainstream media hardly gave it a mention. To put the speed of the borrowing into perspective, the US government added $5 trillion to the debt in less than 18 months. The Federal Reserve was already intervening in the economy prior to the pandemic. Remember, the […]
It seems like everybody is getting a bailout right now. The government is handing out money it doesn’t have left and right. This is all justified because of coronavirus. Even conservatives who normally oppose government bailouts have jumped on the stimulus train. “This is a crisis!” they cry. The government has to step in. But […]
Last Thursday, we embarked on a journey through the Southeast for business purposes and to check up on our kids who live in Kentucky. In case you were wondering, it is as crazy out there as you might imagine if you’re sequestered in your home following events through the news or social media. Don’t worry; […]
As you probably know, Warren Buffett has never been a fan of gold and has publicly disparaged the yellow metal on more than one occasion. About a year ago, he compared investing in gold and stocks, arguing that over the long term gold is an “unproductive asset” that “doesn’t produce anything.” So, why have it, unless […]
In his latest podcast, Peter Schiff reflected on Independence Day. He said he loves the holiday because it’s uniquely American and it celebrates the sacrifices the founding generation made to bring forth a country conceived in liberty. But he said the Fourth of July also makes him a little sad because it reminds him of what […]
There is a mass exodus from Illinois. According to the US Census Bureau, the Prairie State lost a net 33,700 residents in fiscal year 2017. More people bailed out of Illinois than any other state in the US. And based on calculations the folks over at ZeroHedge worked out, the exodus was even worse than the […]
In all of the talk about tax reform, nobody is considering the more fundamental problem facing America – the size and scope of the federal government. Peter Schiff has described the Republican tax plan as “tax cuts masquerading as reform.” When it’s all said and done, Americans aren’t going to get tax relief. They are […]
