A few months after China placed strict regulations on the peer-to-peer decentralized digital currency, many expected last week that Beijing might be on the verge of imposing more stringent guidelines against bitcoin. According to one report, financial institutions would prohibit permitting bitcoin businesses to hold accounts, which would cut them out of the economy. This […]
Archives for April 2014
American households suffering from high inflation despite critics
It seems whenever the Federal Reserve and the major financial institutions say that inflation is very low then that notion is parroted by many on Wall Street and on the broadcast networks such as CNBC. This was quite evident late last month on an edition of CNBC Futures Now, which invited Peter Schiff to discuss […]
Peter Schiff: Warmer weather still sending chills in jobs numbers
The harsh winter weather conditions hurt economic figures in the United States during January and February. Many financial experts and analysts were expecting higher employment stats in March, but in the end they were disappointed because the warmer temperatures didn’t thaw out companies’ hiring plans. Peter Schiff explains why in his latest Schiff Report.
The Gender Pay Gap – A myth that persists
The Obama administration is in full force again. This time talking about the much often refuted gender pay gap that women earn 77 cents for every dollar a man makes. It has been written about extensively here, here and here, but Washington officials and pundits keep hammering the same number over and over again. Even […]
The Indebted Consumer: Borrowing rises $16.5 billion in February
Instead of saving their money for a rainy day, consumers are borrowing at new highs, according to the latest data released by the Federal Reserve this week that highlights consumer borrowing trends in the month of February. The data indicates that consumer borrowing soared $16.5 billion, which is an increase from $13.5 billion in January. […]