Peter Schiff, president of Euro Pacific Capital, released a video over the weekend discussing how the Federal Reserve is laying the foundation for another round of quantitative easing. This year, the United States central bank has reduced its monthly bond-buying program, but Schiff believes it’s just shooting itself in the foot.
Archives for October 2014
Austrian Economics Books (first edition)
Austrian economists have produced some of the most important books, essays and articles ever written on the subject of economics, politics and business. Economists, such as Murray N. Rothbard, Ludwig von Mises and Henry Hazlitt, have provided incredible insight on the topic through their published works. Although much of their work was published throughout the […]
Global wealth reaches $263 trillion, projected to soar to $369 trillion
A new Credit Suisse report entitled the “Global Wealth Report” discovered that global wealth skyrocketed 8.3 percent from mid-2013 to mid-2014 to an outstanding $263 trillion. This figure is 20 percent higher than the number during the economic collapse and 39 percent more just before the financial crash. The study looked at the wealth of […]
Americans with foreclosed homes still having assets seized, wages garnished
A few years ago, an enormous sum of Americans lost their homes when the housing bubble came crashing down. They faced a tremendous foreclosure nightmare, but since the recession, many of these same people have started to rebuild their lives and personal finances. However, they’re still experiencing the post-foreclosure nightmare. Reuters published an article Tuesday […]
Poll: Vietnam, China like capitalism more than U.S.
The United States is supposedly the beacon of capitalism and free markets, though the federal and state governments’ interventions into the marketplace – through bailouts and excessive red tape – have diminished the value of capitalism on many levels. However, a new study has found that not everyone in the U.S. gives capitalism the thumbs […]