Is the “Armageddon inevitable”? According to Peter Schiff, it is going to happen. Speaking in an interview with the Wall Street Daily on New Year’s Eve, Schiff, the bestselling author of “Crash Proof,” believes that the only way to keep the current train from running off the tracks is to create more inflation and continue to blow […]
Archives for January 2015
Chart: Gas prices at near six-year low at $2.214
Gas prices continue to decline, and they are now at their lowest level since May 2009. The average price of gas is $2.214 per gallon. Of course, this won’t last long because much of the shale oil production in the past year has been costly, which could eventually deter producers to reduce their production levels.
Mainstream economist David Rosenberg slams perma-bears as ‘lunatic fringe’
Are you a bull or a bear? Depending on how you answer that you could be a lunatic. In today’s market, bears are certainly justified in being bears, especially considering that much of the growth that has transpired has been induced with monetary stimulus by the Federal Reserve. With record-low interest rates, $4 trillion of […]
Bitcoin exchange Bitstamp goes offline after potential attack
A year ago, the world’s largest bitcoin exchange platform Mt. Gox went bankrupt after it was hacked and more than half a billion dollars were stolen. At the time, much of the financial community concluded that it started the downfall of bitcoin, and they may be right considering that the peer-to-peer decentralized digital currency has […]
Want to hear Ron Paul speak for three hours? Watch this video
Former Texas Republican Congressman and three-time presidential candidate Ron Paul has been one of those rare gentlemen who you can listen to for a very long time. The bestselling author of “The Revolution: A Manifesto” and “End the Fed” sat down for a three-hour interview this past summer with C-Span, which included answer callers’ questions. […]