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POSTED ON September 5, 2023  - POSTED IN Interviews

Peter Schiff recently appeared on the Capitol Report on NTD News to talk about the state of the US economy. He explained how government spending has created the price inflation Americans continue to struggle with, and how it has bankrupted the United States.

POSTED ON August 29, 2023  - POSTED IN Key Gold Headlines

The federal government has added $1.3 trillion to the national debt in just three months.

When the fake debt ceiling fight ended and Congress suspended the federal government’s borrowing limit for two years in June, the national debt stood at $31.46 trillion. As of Aug. 26, the debt had surged to $32.81 trillion.

And with the Biden administration running massive deficits month after month, there’s no reason to think the borrowing is going to slow down anytime soon.

POSTED ON August 14, 2023  - POSTED IN Key Gold Headlines

To hear President Joe Biden tell it, the US economy is booming. Meanwhile, the Biden administration is running monthly budget deficits that you would normally see during a deep recession.

With two months left to go, the deficit for fiscal 2023 now stands at $1.61 trillion, after the federal government charted another massive shortfall in July.

And Biden wants to spend even more.

POSTED ON August 11, 2023  - POSTED IN Friday Gold Wrap

Credit cards are great until the bill comes due. And the US economy has about maxed out the plastic. The Federal Reserve incentivized borrowing and the economy is buried under trillions of dollars in debt. As Friday Gold Wrap host Mike Maharrey explains in this episode, the bill is about to come due. He also goes over the July CPI data and digs into some of the ramifications.

POSTED ON August 2, 2023  - POSTED IN Key Gold Headlines

The debt ceiling deal was supposed to stabilize things for the US government. By suspending the debt limit for two years, Congress mitigated the fear of a US default, but the deal apparently wasn’t enough to paper over the dysfunction in Washington DC.

On Tuesday, Fitch Ratings downgraded the US’s long-term credit rating from AAA to AA+.

POSTED ON August 1, 2023  - POSTED IN Key Gold Headlines

There’s a big problem that pretty much everybody is ignoring.

In just two months since Congress reached a deal and suspended the debt ceiling for two years, the national debt has surged by a staggering $1.2 trillion.

Within a week of the debt ceiling suspension, the national debt cracked $32 trillion and as of July 28, it stood at $32.66 trillion.

POSTED ON July 7, 2023  - POSTED IN Friday Gold Wrap

Despite doing nothing at the June meeting, Federal Reserve officials continue to talk tough about fighting inflation. The anticipation of another rate hike created headwinds for both stocks and gold this week. But Friday Gold Wrap host Mike Maharrey thinks something is amiss. In this episode, he talks about the disconnect between the central bankers’ rhetoric and their actions. Are they clueless or running scared? This week, he also talks about another big jump in the national debt and the latest on central bank gold buying.

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