At the height of the economic collapse, Americans were bombarded with propaganda from government officials, Wall Street executives and other corporatist shills that the nation’s financial institutions were too big to fail and needed to be bailed out with taxpayer money. Peter Schiff, president of Euro Pacific Capital, believes it will all happen again. In […]
Archives for June 2013
President Obama hints he will not reappoint Bernanke to third term as head of Fed
Speaking in an interview with PBS host Charlie Rose that aired Monday, President Obama hinted that he will not reappoint Ben Bernanke to a third term as Chairman of the Federal Reserve. Bernanke’s second term expires Jan. 31, 2014. “He’s already stayed a lot longer than he wanted, or he was supposed to. Ben Bernanke’s […]
Youth living without credit cards doubles, overall debt down since economic collapse
Not wanting to be heavily indebted like their older counterparts or living through life with a balance, American youth between the ages of 18 to 29 are starting to ditch the credit card in favor of a more prudent lifestyle. According to data from millions of consumers collected by credit score provider FICO, 16 percent […]
Peter Schiff: Our phony economy can’t handle higher interest rates
Peter Schiff, president of Euro Pacific Capital and bestselling author, spoke with CNBC this week regarding gold, the bond market and interest rates. The anchor asked if he thinks he’s wrong on gold, but Schiff retorted that those who haven’t invested in gold are wrong. He went onto explain about the growing trend in the […]
3 events that will worsen the economic collapse in the next 12 months
Is this the beginning of the end for America’s sugar high? Essentially, for years now, the United States economy has been based on sugar high economics – the federal government and the Federal Reserve injecting so-called stimulus into the economy that usually benefits certain groups of people, namely Wall Street and Washington. The stock market […]