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POSTED ON August 18, 2021  - POSTED IN Key Gold Headlines

GDP for Q2 came in far below expectation at an annualized rate of 6.5%. But despite being a big miss, 6.5% growth is still pretty solid — until you consider what it took to buy that growth.

As economist Daniele Lacalle pointed out, the Fed and the US government rolled out the biggest fiscal and monetary policy in history. All we got from it was a momentary sugar high.

POSTED ON June 30, 2021  - POSTED IN Key Gold Headlines

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 gains in March and April. Meanwhile, over the last two weeks, weekly unemployment claims have jumped back above 400,000.

POSTED ON May 17, 2021  - POSTED IN Guest Commentaries

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. A vibrant, healthy economy needs production. Stimulus does nothing to boost production. In fact, it completely warps the production structure

POSTED ON April 29, 2021  - POSTED IN Key Gold Headlines

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.

POSTED ON April 1, 2021  - POSTED IN Peter's Podcast

Joe Biden unveiled details of his $2 trillion-plus infrastructure plan complete with tax hikes. The claim is that this is going to strengthen the economy and create opportunity. Peter broke down the spending plan in his podcast and said it will do the exact opposite. It’s going to weaken the economy and destroy opportunity.

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