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In his latest Liberty Report, Ron Paul discusses the escalating “War on Cash” with Daniel McAdams. First, they looked at how many more dollars are in circulation today compared to pre-1971, when Nixon closed the gold window. The Federal government, Paul argues, wants to exercise more control over this untraceable cash under the auspices of […]
Peter Schiff spoke with Palisade Radio last weekend about his strategy for contrarian investing. While the principles are simple, the trick is having the courage of your convictions to bet against the consensus. Peter believes the current consensus is that the US economy is recovering with a strong dollar. He thinks that party is going […]
Gold hit a three-month high on Monday, driven by fears over Greece’s ability to pay debts and soft economic data in the US. The price of gold peaked at $1,232.20 Monday, before sliding a bit on Tuesday. CNBC reports a sharp rise in the euro and indications the European Central Bank may speed its 1 […]
USAWatchdog interviewed Hugo Salinas Price, a well-known and highly successful businessman operating in Mexico. Born in the United States, Price is now a passionate advocate for sound money and has been pushing for the Mexican government to adopt monetary silver again. Unfortunately, he sees far too much political pressure against sound money, particularly from the […]
Peter Schiff digs under the surface of the latest economic data. As usual, Wall Street locked onto the headline number last week, which showed the lowest weekly jobless claims in 42 years. Peter asks the question no one else will — is this really the strongest economy America has seen in four decades?
The war on cash continues to heat up with a proposed law in Denmark that would open the door to what Jim Leaviss called “the first step towards an economic revolution that sees physical currencies and normal bank accounts abolished,” in a recent Telegraph column. Last month, we reported on the reasons central banks would […]
The April non-farm payroll report has been called the “Goldilocks” report, because it apparently provided just the right data markets wanted to see. A better-than-expected job creation number “proved” that the US economy continues to recover. However, the report was not strong enough to spur the Federal Reserve to raise interest rates sooner, which could […]
Peter Schiff tackles the latest economic data, which he argues strongly indicates the United States may be on its way into another official recession in 2015. When that happens, Peter expects not just more quantitative easing, but “old-fashioned, Keynesian pump-priming stimulus” in the form of major deficit spending.
Can the economic health of the nation’s largest cities tell us anything about the health of the greater economy? Perhaps. On Tuesday, Moody’s downgraded Chicago’s credit rating to junk level. The downgrade comes in response to the city’s growing pension liabilities, paired with a new Illinois state court ruling that public pensions cannot be cut […]
The World Gold Council (WGC) released its Gold Demand Trends report for the first quarter of 2015. The WGC considers 2014 a year of stabilization for the gold market, and the the first quarter of the year saw this trend continue. The supply-demand picture for gold remained relatively unchanged. However, looking to the rest of […]
