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On Monday, Peter appeared again on The David Lin Report to discuss fallout from the election, Trump’s tariff proposals, and recent news from the monetary policy space. Peter offers measured criticism of Trump’s economic agenda, arguing it won’t go far enough to reduce the national debt and deficit spending.
Your Trump tax cut isn’t going to be quite as big as you might have thought. According to a report by the Wall Street Journal, a new inflation measurement included in the GOP plan and recently implemented by the IRS will cut into your tax cut savings in 2019. Ron Paul warned you about this […]
Well, the midterm elections are finally over. The Republicans managed to hold on to the U.S. Senate, but the Democrats took control of the House. The “Blue Wave” was more like a “Blue Ripple.” To me, it smells a lot like gridlock, which is generally good news if you’re a person who favors smaller government. Gridlock […]
As Peter Schiff put it in a Facebook post, Trump promised to drain the swamp, but today, “The swamp is now bigger and more expensive than ever!” The US government spent a record $433.3 billion last month, running up a monthly deficit of $214 billion, according to data released by the US Treasury Department. That’s $433 BILLION […]
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. […]
Peter Schiff recently attended the Vancouver Resource Investment Conference. While he was there, he did an interview with Daniela Cambone of Kitco News. Peter and Cambone talked gold, and Peter said he thinks the yellow metal is set to soar, despite the sentiment that Federal Reserve Rate hikes will hold gold down. Gold has not really […]
As we’ve reported, the US government is spending money like a drunken sailor. But nobody really seems to care. Since Nov. 8, the US national debt has risen $1 trillion. Meanwhile, the Russell 2000 (a small-cap stock market index) has risen by 30%. Former Reagan budget director David Stockman said this makes no sense in […]
During a recent interview with Investing News Network, Peter Schiff reiterated something he’s been saying for the last several months. The stock market is still a big, fat, ugly bubble, and misplaced optimism continues to blow it up. [Pres Trump has] accomplished blowing more air into a stock market bubble that already existed before he […]
Harry Dent is a long-time gold bear. He used to say gold would fall to $250. He’s revised that prediction up a bit, but still calls for a steep decline in the price of the yellow metal – perhaps to as low as $700. Peter Schiff took on this notion during a recent interview on RT’s […]
Last week, we asked an important question about Trump’s tax reform plan: Can it deliver? Despite rampant optimism about tax reform, there are a number of problems. In the first place, it remains uncertain whether or not Congress can even get anything done. Second, as Peter Schiff pointed out, the plan as presented won’t likely create the […]
After some gains last week, the dollar has shown weakness in recent days. In his most recent podcast, Peter Schiff said he thinks part of the dollar weakness is because the reality is starting to set in when it comes to tax cuts. In the first place, it remains uncertain whether or not Congress can […]
