If You've Got Gold, You've Got Money!
Venezuelans Are Awash in Cash with Nothing to Buy The people of Venezuela are currently suffering from triple-digit inflation and their bolívar fuerte (“strong bolívar”) currency isn’t worth 0.10 US cents at the moment, according to Bloomberg. As the country approaches hyperinflation levels, buying...
Was Q3 GDP Rigged Just In Time For The Election? YT Comment Ticket Attorney You KNOW for a fact these welfare whores are rigging the numbers, the stability of this country depends on false truths to begin with. Why wouldn’t...
Fed Up Friday Despite today’s GDP numbers and many expecting a rate hike in December, get ready for years of continued low interest rates for a struggling economy. A rate hike this year will simply be “too little, too late” for our weakest economy...
If you look up the words “currency” and “money” in a thesaurus, each word will probably be listed as a suitable linguistic substitution for the other; however, their economic function is almost completely opposite. Understanding the difference between currency and...
Globalization Faces Challenges For much of the second half of the 20th Century, and even into the new millennium, “Globalization” was the dominant theme used to describe the drift of the world economy. It was widely considered both natural and...
Markets Ignore Fed’s Bullard One And Done Admission YT Comments Tenderfoot Prepper That’s why I’m voting for Trump. Not because I completely believe in him, but because the left (and the establishment right) have been soiling themselves for a solid...
Charts – shadowstats.com As you can see from the charts above inflation is tricky to measure. Over the course of the past three-four decades the federal government has chosen to re-define inflation and what is actually measured. Items like food...
In his latest podcast, Peter reports on the week’s economic numbers and takes the popular media to task for helping Hillary Clinton secure the presidency. Biased reports are showing Obama as a “deficit-reducing miracle worker,” while the debt-to-GDP has never been...
My father died one year ago today. In memory I am posting one of the final episodes of his weekly short-wave radio show, originally aired live on Father’s Day 2005. His discussion of the U.S. economy is as relevant today...
YT Comment Lisa Murphy The press is so obviously piling on Trump it makes me want to vote for him – when I was iffy about it before. I wonder if it’s effecting others that way also. I detest the...
The basic definition of an interest rate is simply the cost of borrowing money. It’s the cost associated with acquiring credit, whether buying a car, getting a mortgage, or taking a vacation. We encounter interest rates every time we make...
by Samuel Bryan In a recent article on the next looming recession, Peter Schiff explains how current monetary policy has come to a crossroads. With respect to interest rates, there now seems to be two entrenched camps: raise or don’t raise....
YT Comment Mr. Clean Peter I appreciate you defending Trump but actually he was talking about Nancy O’Dell who used to be a host on the Access Hollywood show. The fact that he said he failed to seduce her distinguishes...
TDC Note – From where we sit we morphed into an economic depression a long time ago. With real unemployment between 22% and 28%, or higher, these numbers alone rival the depression in the 1930’s. This is to say nothing...
A wilting, stifled economy is the story this week with the Fed. They’re trapped, unable to bolster the economy and they have no ammo to halt inflation. Fed President Lacker Urging Preemptive Rate Increases Regular Fed dissenter Jeffrey Lacker said...
YT Comment Will Nitschke Hillary pays zero taxes because her ‘business’ is registered as a charity. Yet it apparently only distributes 10% of its ‘income’ to charitable causes. If you want to close loopholes close the loophole of operating a...
YT Comment Wayne Jones The free market economy is all but dead. Its all central bank manipulation of what was once a free market for a new system of hide the disastrous results of their monetary policy. This is government...
On Wednesday, Federal Reserve Chairwoman Janet Yellen testified before the House Financial Services Committee on financial regulation. The Fed Chair took criticism from both sides, with Democrats and Republicans criticizing the regulatory body for doing too much and for doing...
YT Comment John D ouch…..you know i love mr schiff’s podcasts. But please….dont defend wells fargo and put it on the employees. I guess he never worked for a big company and had bills to pay. You sorta gotta do...
While a record audience watched the first presidential debate between Hillary Clinton and Donald Trump, the sad truth is that the candidates differ very little on the issues that matter most. As president, both Clinton and Trump are likely to...
YT Comment Rob Moffit35 minutes ago First, with all the online polls from Time Magazine to Fortune, I captured 10 screen captures that show Trump clearly won. Weather you love him or hate him is irrelevant, but shows the coordinated...
In an epic meeting of economic intellects, Peter Schiff and Roy Sebag talk about Goldmoney’s recent acquisition of SchiffGold and the coming revolution in value transactions. Peter and Roy also discuss the special properties of gold that make it the best standard for backing...
In light of the Fed rate hike news finally dropping this week, we can start looking ahead to the rest of the year. It’s a great time to be Fed Up with the election looming and global central banks making...
A Florida court recently found Robert Escobio and his companies, Southern Trust Metals and Loreley Overseas Corp guilty by the U.S. Commodity Futures Trading Commission (CFTC) of bilking customers in a precious metals scam. Escobio was accused of stealing $600,000...
