Canadians from British Columbia to Nova Scotia are facing a personal debt crisis. In a low-rate environment and a weak national economy, Canadians are taking on too much debt, and the levels are nearing record highs. According to new data from Statistics Canada, the debt-to-income ratio in the first quarter of 2016 was 165.3 percent. […]
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The Keynesian Blessing: Americans Are Broke
By: William L. Anderson Writer Neal Gabler recently “confessed” his “secret shame” in an Atlantic Monthly article on how a huge percentage of middle-class Americans are living beyond their means, existing paycheck-to-paycheck, and are mired in personal debt. He writes: I never spoke about my financial travails, not even with my closest friends—that is, until […]
How well has gold performed so far in 2016?
Despite having a weak May, gold prices have had a stellar 2016, and reached a four-week high Monday. The yellow metal could see its prices go up even further if Great Britain votes on June to exit the European Union and the Federal Reserve decides against raising interest rates this month or in July. Of […]
Hot – Peter Schiff: The coming economic collapse will be worse than 2008 financial crisis (video)
Peter Schiff, president and CEO of Euro Pacific Capital and Schiff Gold, sat down with CNBC last week to talk about the United States economy. He warned that the coming economic collapse be worse than the 2008 financial crisis. Schiff conceded that investors’ stock portfolios won’t take as big as a hit as they did […]
Bitcoin hits two-year high amid shrinking supply in July
With a shrinking supply, the peer-to-peer decentralized digital currency bitcoin reached a two-year high Monday. Amid reports the virtual currency seeing its supply declining in July, prices have reached their highest level since early 2014. The cryptocurrency hit $696.50 Monday, which is the highest its been since February 2014. Bitcoin prices have been recovering since […]