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Last week, President Biden announced a plan to significantly hike capital gains taxes on the wealthy. Republicans are predictably opposed to the hikes, but in a recent podcast, Peter Schiff said the GOP is mired in hypocrisy. The Biden plan would raise long-term capital gains taxes to 39.6%. For those earning $1 million or more, […]
The federal government set an all-time record budget deficit in February. And this is with a Republican in the White House. The GOP is supposed to be the fiscally responsible party. In this episode of the Friday Gold Wrap, host Mike Maharrey offers some interesting analysis that reveals spending money in Washington DC is really […]
The mainstream is starting to get a little bit nervous. As we reported yesterday, a CNBC interview with DoubleLine Capital founder Jeffrey Gundlach got the mainstream talking about the possibility of a bear market. There is also increasing concern about a looming recession. In a recent New York Times survey, almost half of the 134 CEOs […]
The SchiffGold Friday Gold Wrap podcast combines a succinct summary of the week’s precious metals news coupled with thoughtful analysis. You can subscribe to the podcast on iTunes.
In a recent podcast, Peter Schiff talked about the “Trump tariff put” – this idea that the president will be able to call off the trade war to rescue the market should it start to fall. Peter called that idea nonsense. It is the type of wishful thinking, the type of just ignoring all of […]
Peter Schiff talked politics in his latest podcast and raised a sobering question: Could the US be on the path toward a socialist administration? Peter noted that we are long overdue for a recession. There are plenty of signs a major economic downturn could be lurking right around the corner, including stock market weakness. And […]
The Babylon Bee captured the current state of the Republican Party in all of its hypocritical glory. The satirical website proclaimed “Republicans announce plan to pretend to be fiscally conservative again the moment a Democrat takes office.” The GOP said it would begin to decry deficit spending and the $20 trillion debt in order to […]
It was interesting watching people on the left side of the political spectrum become practically giddy as the stock market tanked on Monday. It seems they couldn’t wait to pin the collapse on Donald Trump. Of course, the president has set himself up to take the fall by constantly taking credit for this bubble economy. […]
We’ve done extensive reporting on the GOP tax reform bill as it’s moved through Congress. We’ve highlighted a number of concerns about the plan, specifically the significant expansion of the national debt it will cause. Yesterday, we explained how the impact on the deficit will likely be even bigger than expected because of the incentives […]
It appears increasingly likely the Republican Congress will pass tax reform this week. As we analyze the plan, it’s important to remember – incentives matter. Details of the House/Senate compromise bill came out Friday. It features a top rate of 37% and a bottom rate of 10%. The corporate rate would drop to 21%. The […]
The US federal government is spending money like a drunken sailor. And that’s probably unfair to drunken sailors. In November alone, the US government reported a $139 billion deficit.
