Today we celebrate insurrection.
No. I don’t mean the fake Jan. 6, 2021, “insurrection.” I’m talking about the bonafide insurrection staged by American colonists against the British government.
We call July 4 “Independence Day.” But the British called it an act of rebellion.
The so-called “Inflation Reduction Act” is another Washington DC lie. It won’t do anything to reduce inflation. In fact, it will do the exact opposite. Instead, they should have named it the “Liberty Reduction Act,” because that’s what 87,000 new IRS agents funded by this spending bill will do.
Yes, the tax man cometh. And he won’t just be coming for billionaires.
We’ve written extensively about the “war on cash.” In a nutshell, governments would love to do away with cash in order to better track and control their citizens. There have been numerous moves closer to a cashless society in recent years, from capping ATM withdrawals to doing away with large-denomination bills. Last year, China launched a digital yuan pilot program and the US has floated moving toward a digital dollar.
SchiffGold’s It’s Your Dime features “straight talk” interviews with movers and shakers in the world of precious metals, investing and economics.
In this episode, I talk with Mises Institute president Jeff Deist about Austrian economics, the Fed, Trumpanomics. the biggest threats to our freedom, and of course, gold.
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 we’ve lost.
I’m sad that we no longer have the nation our founders created for us, that we have lost all that it means to be an American.”
