The below infographic gives an interesting visual of the amount of debt held by Americans, including the U.S. federal government’s debt. Though the numbers used in this graphic are the official government numbers – the real national debt is many times more than this. Nevertheless it is interesting that under the payoff rates section the […]
Peter Schiff: Cyprus bankster bailout is bullish for gold
Peter Schiff has released a new video blog about the Cyprus bankster bailout where bank deposits will be taxed by the Cyprus government in an agreement with he International Monetary Fund. He suggests that the bailout will be bullish for gold as there will be more fear about the safety of having cash in banks […]
The real U.S. national debt is $222 trillion, not $17 trillion
Think the U.S. national debt stands at roughly $17 trillion? Think again. If this outrageous amount wasn’t bad enough, the actual national debt is closer to $222 trillion, according to Prof. Lawrence Kotlikoff of Boston University. This is the real debt when you count all of the federal government’s unfunded liabilities for programs such as Medicare […]
Consumer confidence plunges as inflation increases most in four years
Apparently paying higher gas prices, more for groceries, and higher taxes is not giving consumers very much confidence in the economy as the UMich Consumer Sentiment index dropped to the lowest point in February since December 2011. Clearly Americans are worried about an economic collapse, as they should be. The Wall Street Journal is reporting […]
Video: What is the future for the price of gold and should you buy?
Peter Schiff of Euro Pacific Precious Metals gives his long-term forecast for the price of gold in his latest video. Schiff warns that the recent increases in the stock market and improved job numbers are no reason to not worry about buying gold and silver. The underlying problems with the economy and the dollar are […]