No economic recovery? No end in sight to quantitative easing? No conclusion to massive debt levels? Peter Schiff spoke on his 20-minute vlog Saturday about how the Federal Reserve’s advisory council essentially admitted last week that the United States is screwed. Here is the video.
Archives for June 2013
Video: is government, personal debt an issue of maturity levels?
Libertarian host at Fox Business Network (FBN) John Stossel had a segment on his show recently called “Personal Austerity.” In this short five-minute clip, Stossel spoke with people on the street about the national debt, which they were mortified about. When asked what they would cut, they seemed hesitant to do so. Stossel spoke with […]
Federal Reserve initiates investigation into PayPal, Bitcoin for security risks
The Federal Reserve is conducting an investigation into online payment systems like PayPal and virtual currencies such as bitcoin because financial institutions are concerned those online participants could disrupt the financial system, according to officials who gathered Monday for the International Monetary Conference in Shanghai. Federal Reserve Vice Chair Janet Yellen explained that the United […]
Bank of Spain urges government to suspend minimum wage, increase retirement age
Delivering the Bank of Spain’s annual report Friday, Governor Luis Maria Linde urged the federal government to take a series of measures rather than just implementing budget cuts in order to jumpstart the economy. The recommendations consist of selling off two nationalized financial institutions, fasten the planned increase in the retirement age from 65 to […]