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After the bombing of Pearl Harbor, President Franklin D. Roosevelt called Dec. 7, 1941, “A date that will live in infamy.” When it comes to the US monetary system, June 5, 1933 should share that ignoble title, because that date marks the beginning of a slow death of the dollar. Eighty-two years ago, the US […]
David Morgan from the Morgan Report explained to USAWatchdog why he believes that a shortage of physical gold and silver is inevitable. Morgan begins by giving some technical analysis of the gold and silver prices. He moves on to explain his rationale for $10,000 an ounce gold when looking at the true money supply.
Dr. Joseph Salerno, Academic Vice President of the Mises Institute, recently gave a speech about the ever-growing “war on cash.” For decades, governments around the world have been expanding their efforts to prevent or discourage citizens from using cash. Salerno reviewed the history of this trend from the Bank Secrecy Act in 1970 to modern-day […]
For the first time ever, renowned investment gurus Mike Maloney and Peter Schiff sat down to a frank discussion about the future of the American economy. Together, they analyzed detailed charts and data to show why an even bigger crash than the 2008 crisis is in the making. Later, Peter and Mike had a private […]
Greg Hunter spoke with Peter Schiff on USAWatchdog over the weekend. Peter shared his thoughts on the first-quarter GDP figure and the future of the US dollar. Peter warned that the coming crisis is going to be worse than the last, because the boom is even bigger. However, this boom has only benefited the Wall […]
Austria Repatriating Some Gold from Britain Reuters – Austrian central bank officials say they plan to repatriate some of its gold reserves from Great Britain in response to criticism that it stores too much of its precious metal abroad. The Austrian National Bank administers the country’s 280 metric tons of gold reserves. Currently, about 80% […]
CNBC spoke with Peter Schiff last night about his expectations for today’s first quarter GDP announcement. They went on to discuss why no matter what the GDP is, the Federal Reserve will be unable to significantly raise interest rates this year. In a second segment, they spoke about the growth of China’s economy. Peter argues […]
Just as Peter Schiff has been predicting, first-quarter GDP in the United States was revised dramatically lower today. The Commerce department previously estimated that US economic output rose 0.2% in the first quarter of 2015, but it is now reporting a seasonally adjusted rate of negative 0.7%. Peter has anticipated this downward revision since the […]
The Federal Reserve and mainstream economists have recently put a lot of effort into discounting the first-quarter GDP figures. In his latest commentary from Euro Pacific Capital, Peter Schiff walks us through the supposed logic of seasonally-adjusted economic data and why the government feels the need to revise the way it looks at decades of […]
Jay Taylor spoke with Axel Merk about the gold market and mismanagement of global economies by central banks. Merk believes that the United States, Europe, and Japan cannot afford to raise real interest rates. So even if the Federal Reserve delivers a nominal interest rate hike later this year, effective real rates will remain near […]
