Since United States President Barack Obama won his reelection campaign last month, new data shows that the sale of American Eagle gold coins more than tripled in Nov. 2012 compared to the same time a year ago. Approximately 131,000 ounces were sold due in part to fears over the fiscal cliff and the collapse of […]
Archives for December 2012
Peter Schiff: Avoiding the fiscal cliff means throwing U.S. dollar over currency cliff
Peter Schiff, president of Euro Pacific Capital and former 2010 Republican presidential candidate, made another appearance on the Fox Business Network (FBN) on Monday where he discussed the real fiscal cliff, which isn’t the one being discussed ad nauseam in the mainstream media and in Washington between President Barack Obama and the Republican leadership. According […]
Bank of Canada head warns household debt could lead to interest rate hikes
Bank of Canada Governor Mark Carney delivered a speech to the Toronto CFA Society on Wednesday where he discussed the guidance of central bank policies and how the market is responding to his various interest rate hike warnings. After speaking to CFA Society members, Carney held a press conference where he spoke to reporters regarding […]
Rand Paul on Food Stamps: Reform the food stamp program now
Food stamps has been a trending topic since the latest Supplemental Nutrition Assistance Program (SNAP) data was published Friday. The number has been increasing since 2009 when President Barack Obama took office and spending has quadrupled in the last 10 years. Kentucky Republican Senator and potential 2012 presidential candidate Rand Paul addressed the issue this […]
Food stamps usage in U.S. during economic collapse hits another high in September
The United States Department of Agriculture (USDA) released new data Friday for its Supplemental Nutrition Assistance Program (SNAP), otherwise known as food stamps, and the numbers may not bode well for any recovery from the collapse of the U.S. economy. According to the figures, there were 47,710,324 Americans enrolled in SNAP in the month of […]