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The new year began with a bang that made Wall Street whimper as stocks sold off on the first Monday of 2016. The Dow suffered its worst opening day of the year loss since 2001. As Peter Schiff pointed out in his podcast, this doesn’t bode well for the upcoming year. There’s an old saying, […]
The Federal Reserve Bank of Atlanta’s GDPNow estimate released today forecast a dismal 4th quarter GDP number. The forecast was nearly cut in half from 1.3% on December 23rd to 0.7% today. It remains much worse than the mainstream consensus estimates: Here’s what the Atlanta Fed had to say, citing the same manufacturing numbers Peter […]
Jim Grant agrees with Peter Schiff that the Federal Reserve cannot continue to raise interest rates in 2016. On CNBC today, Grant explained his reasoning for why the Fed will regret raising rates in December and reverse its course of action: It seems to me that the Fed is more likely to go to zero […]
A recent New York Times feature went to great lengths to promote the idea of a cashless society, focusing on the war on cash in Sweden. The Nordic country sits on the cutting edge of the movement away from cash. As the Times put it, cash is so “last century”: Few places are tilting toward […]
Wall Street ended the year on a sour note and wrapped up 2015 down on the year for the first time since 2008. Peter Schiff believes this is just a sign of things to come. He’s been saying consistently that the December Federal Reserve rate hike was likely a one-time deal with another round of […]
This following interview with Peter Schiff was originally published at Gold Eagle. Find it here. Gold-Eagle: Fed Chair Janet Yellen recently hiked interest rates by 0.25%. What impact do you believe this will have upon US stocks and the national economy? Peter Schiff: The air was already coming out of the bubble prior to this tiny rate […]
Hindsight is supposed to be 20-20, but for some people it seems like it’s blind. We’re approaching a decade since the housing bubble burst, plunging the US economy into the worst crisis since the great depression. Still, defenders of big government and central planning continue efforts to sell the myth that the meltdown was caused […]
Peter Schiff has been saying that the December Federal Reserve interest rate hike is likely a one-and-done deal, with rates going back to zero or lower, and another round of quantitative easing in the cards for 2016. Peter insists that the US economy isn’t in good shape, and it can’t even sustain the recent small […]
This article was written by Stefan Gleason and originally published at the Tenth Amendment Center. Find it here. Is America on the cusp of a revolution that will usher in a new monetary order? The lessons of history tell us that no fiat currency retains its value for long or lasts forever. And as Shakespeare […]
If you want to see the value of gold in a currency crisis, just look north. When people tell you “gold is down,” you should always ask an important question: compared to what? If you bought gold in Canadian dollars (CAD) last year, you’re probably pretty happy. Gold is up 7.9% in the Great White […]
