Peter's Blog

China and Russia Cozying Up Around Gold

Russia and China have gotten much cozier over the last several months, and the two countries are reportedly working to develop a joint organization of trade in gold. This could have a significant impact on both the dollar and the price of gold. The Chinese began laying the foundation two years ago.

Jim Rickards: Implementing Trump’s Economic Plan is “Sheer Fantasy”

Is the so-called Trump Trade about to unravel? Economic analyst Jim Rickards thinks so. The Trump Trade rests on the idea that the president’s proposed policies of lower taxes, infrastructure spending, Obamacare repeal, and decreasing government regulations will juice the economy. As a result, corporate earnings will increase and the stock market will rise with […]

Is the Federal Government Going to Shut Down?

Will the US federal government shut down this month? It could if Congress doesn’t act before April 28. Federal government funding will run out on that date, and without a new spending bill, a partial shutdown will commence the following day. The last time this happened was 2013.

The Ticking Debt Bomb

Tick … tick … tick … That sound you hear is a ticking debt bomb. According to the most recent data released by the Federal Reserve, outstanding credit card debt eclipsed the $1 trillion mark in February, increasing 6.2% from a year ago. Credit card debt now stands at the highest level since the 2008 […]

UK Man Finds $2 Million in Gold in Kuwait-Era Military Tank

A collector of military tanks from the United Kingdom got a pretty good return on his $37,000 investment when he found gold bars worth more than $2 million dollars inside its fuel tank. Nick Mead is the owner of Tanks-A-Lot, a company that provides tanks and other armored vehicles for driving classes, private events, and […]

Overseas Stimulus Train Keeps Hurtling Forward

As we focus on the most recent moves of the Federal Reserve, it’s easy to miss the bigger picture. The Fed has been trying to move toward an interest rate “normalization” program for more than a year, since nudging rates up .25 points in Dec. 2015. Although it remains to be seen whether the two […]

Former Fed Analyst: Gold Is “Ultimate Safe-Haven Investment”

From both an economic and political standpoint, it seems the only certainty in the world right now is uncertainty. As Danielle DiMartino Booth says, that’s a good reason to buy gold. Booth worked as an as an analyst at the Federal Reserve Bank of Dallas. After leaving the Fed, she founded Money Strong, LLC, an economic […]

Post Syrian Attack: Only Certainty is Uncertainty

The price of gold surged after the US launched more than 50 cruise missiles at an airbase in Syria. The military action was in response to a deadly chemical weapons attack the US blames on the Syrian government. Trump’s decision to launch an attack directly at the Assad government in Syria marks a dramatic reversal […]

Day 77: Trump’s Building Bridges for Health Care

This week, Trump began a new approach to Trumpcare and hosted Chinese President Xi Jinping at a Mar-a-Lago retreat. The Fed minutes from their March meeting were also released, revealing doubts about continued surges in the economy.

Creepy IMF Paper Teaches Governments How to Wage War on Cash

There’s been another shot fired in the “war on cash.” Recently, the International Monetary Fund (IMF) published a working paper offering governments suggestions on how to move toward a cashless society even in the face of strong public opposition. Over the last several years, we’ve seen a steady push to eliminate, or at least limit, […]