Peter Schiff of Euro Pacific Precious Metals has a new video blog about the reasons for the recent massive decline in the price of gold. His view is that it is being driven by speculators who got in the market as gold was going up. These speculators are now buying into the headlines saying that […]
The financial experts who warned us about the impending economic collapse
The number of people who warned of the economic troubles the U.S. economy would endure from 2007 and on was certainly few compared to all of the so-called experts who said everything was fine. Here is a compilation of several of them including, Ron Paul, Peter Schiff, and Gerald Celente. Then there is this series […]
Japanese Prime Minister being cheered on for collapsing the value of the yen
Japanese Prime Minister Shinzo Abe is being praised for his easy money policies and being “victorious” in devaluing the yen against the dollar by twenty percent over the past six months. Despite the risk of fanning the flames of a currency war with trading partners this is seen as sound policy by the the economic […]
Dollar devaluation or default: Which will the U.S. government choose?
Adjustable mortgage rates got a lot of homeowners in trouble as we saw with the collapse of the housing market. Now the U.S. government will start using floating rate securities to issue its debt: The U.S. Treasury Department said it plans to sell a floating-rate security as early as the fourth quarter this year and […]
Taxes: The price we pay for an impoverished society
“Taxes are the price we pay for a civilized society” is the old socialist slogan we constantly hear to be reminded to pay taxes. But the truth is that taxes are what we pay for an impoverished society. Putting aside the immorality of initiating violence against innocents in order to collect taxes, the implications of […]