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Peter’s Blog

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Posts Tagged: “stimulus

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June 30, 2021Key Gold Headlines

The Government Stimulus Sugar High

The US government has pumped trillions of stimulus dollars into the US economy giving us a massive sugar high. It felt good at the moment, but after the initial rush, you always experience a crash. It looks as if we’re already coming down off the high. May retail sales disappointed, dropping 1.3% after big stimulus-fueled […]

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May 17, 2021Guest Commentaries

The Government Can’t Stimulate Us to Prosperity

The economy is booming again – or so we’re told. Trillions in stimulus have juiced consumption and created the illusion of prosperity. But in truth, Americans are simply spending printed money on stuff they didn’t produce. Peter Schiff recently said America’s consumption economy is really a bubble The problem is, economies can’t run on consumption. […]

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April 29, 2021Key Gold Headlines

Americans Consuming Stuff They Didn’t Produce

The trade deficit in goods leaped to another record high in March as Americans continue to spend stimulus money printed out of thin air on products they didn’t produce. The goods trade deficit surged 4.0% last month, hitting an all-time record of $90.6 billion. That tops the previous record of $88 billion set in February.

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