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Ron Paul published a scathing article attacking the Federal Reserve’s anti-audit propaganda. Responding to vocal Fed apologists, Paul writes that the American people have a right to decide if the Fed’s monetary system is harmful and current auditing laws are not comprehensive enough. Paul’s main arguments for a Fed audit include: Contrary to what Fed […]
The Commodity Futures Trading Commission (CFTC) banned four Florida companies from trading precious metals last week. The companies were alleged to have committed fraud by promising to transfer precious metals that customers never actually received. $7.8 million were scammed from unsuspecting victims. The CFTC reached settlements with each business, though the companies never admitted their […]
Renowned contrarian investor Marc Faber predicted in an interview with GoldSeek Radio that China will eventually switch to a gold-backed currency. He bases this on the widespread understanding that China has larger gold reserves than are officially reported. Faber also explained why the US dollar’s days as a global currency are numbered. This is due […]
Just last week, Alan Greenspan appeared on CNBC saying in no uncertain terms that the United States economy is “not strong.” This morning he returned to the news to explain why the US has a major productivity problem. Though Greenspan doesn’t acknowledge it directly, this is a sign of America’s waning global economic power and […]
Peter Schiff isn’t the only one warning about a new tech bubble. Renowned businessman Mark Cuban just published a commentary that draws comparisons between today’s unsustainable tech explosion and the last dot-com bubble. Only this time around, Cuban warns that the carnage of the pop will be worse. Just as back then there were always […]
Mainstream analysts continue to tout an economic recovery based upon new jobs, but are now starting to worry about stagnant wage growth. One popular excuse for this is “pent-up wage deflation.” The argument goes that since businesses didn’t cut wages during the financial crisis, they are now refraining from raising them. A new op-ed in […]
Economic commentator Jeremy Warner has published a new piece in which he argues that the world economy is overwhelmed with public and private debts. He believes one of the only ways out of this dire economic situation is some form of mass default across the globe. Warner writes: You might have thought that a financial […]
In 2014, a record number of Americans renounced their United States citizenship for the second year in a row. Even though exit fees are rising, more and more people are willing to jump through hoops to escape the American tax man. Indeed, our Chairman Peter Schiff even relocated one of his companies to Puerto Rico […]
On CNBC last night, Peter Schiff debated Wayne Kaufman, Chief Market Analyst at Phoenix Financial Services. Is the NASDAQ in bubble territory today? Kaufman argues that the tech landscape is completely different than it was in 1999. Peter counters that a bubble always looks different than the last one when you’re in the middle of […]
Income inequality has been a hot topic since the bailouts of the big banks following the 2008 financial crisis. A recent article from National Public Radio’s Planet Money shines a light on the history of the trend, which has only gotten worse in the past few years. Beginning in the Great Depression, and continuing until […]
