Archives for August 2015

News Story of the Day: The United States federal government stole, er, generated a record $2,672,414,000,000 in federal tax revenues through the first 10 months of the 2015 fiscal year. The Treasury Department said in its monthly statement. It is also up roughly $183,397,970,000 in constant 2015 dollars from the $2,489,016,030,000 received in the first […]

A new Reuters poll of economists released Thursday suggests that the Federal Reserve will likely increase interest rates twice year. This would mark the first time interest rates have been touched since 2008, and raised since 2006. According to the survey of economists, 55 percent say the United States central bank would hike its short-term […]

China has been dominating the news cycle this week after it was announced that the People’s Bank of China (PBOC) would devalue its yuan by two percent. This generated shockwaves throughout stock markets, and prompted certain presidential candidates – ahem, Donald Trump, ahem – to vehemently condemn the move. As we reported Wednesday, Trump feels […]

Peter Schiff is at it again. This time, he spoke with CNBC discussing China’s two percent devaluation, the United States economy and how the greenback will win the currency war, which Schiff warns means every American loses. Essentially, the fierce competition between the U.S. and China means Americans are racing to the bottom. We reported […]

Peter Schiff, CEO of Euro Pacific Capital and bestselling author of “Crash Proof,” believes the impending collapse of the United States dollar should be getting the attention of investors and news outlets and not the devaluation of the Chinese yuan. Speaking in an interview with Newsmax TV on Tuesday, Schiff explained that the U.S. economy […]