A recession turns into a depression when the government intervenes. Looking back at history, this phenomenon is rather apparent, especially in times of economic downturns when the self-proclaimed crusaders of justice implement their Keynesian economic policies. Of course, history has also proved that anything the government touches usually becomes worse. No matter how good the […]
Archives for March 2013
Consumer confidence plunges as inflation increases most in four years
Apparently paying higher gas prices, more for groceries, and higher taxes is not giving consumers very much confidence in the economy as the UMich Consumer Sentiment index dropped to the lowest point in February since December 2011. Clearly Americans are worried about an economic collapse, as they should be. The Wall Street Journal is reporting […]
Elizabeth Warren says U.S. economy succeeds only with government regulation
If it wasn’t for the federal government, United States companies would produce items that could sicken, wound or even kill American consumers, according to Massachusetts Democratic Senator Elizabeth Warren. In prepared remarks Thursday regarding the nomination of Richard Cordray to head the Consumer Financial Protection Bureau (CFPB), which were first reported on Politico, Warren stated […]
Video: What is the future for the price of gold and should you buy?
Peter Schiff of Euro Pacific Precious Metals gives his long-term forecast for the price of gold in his latest video. Schiff warns that the recent increases in the stock market and improved job numbers are no reason to not worry about buying gold and silver. The underlying problems with the economy and the dollar are […]
Bernanke’s money printing continues to boost economy but inflation looms
The Federal Reserve’s easy money policies continue to boost the stock market, employment numbers, and housing market. The Dow made another all time high for the ninth day in a row. But with this Fed manipulated boom, inflation in consumer goods will soon intensify. An early indication is an increase in the Producer Price Index […]