In his July 17th Blog, Let’s Get Real About Gold, author and Wall Street Journal columnist Jason Zweig likened investor interest in gold with the “Pet Rock” craze of the 1970’s, when consumers became convinced that a rock in a box would provide...
Peter Schiff
Best Selling author Peter Schiff is the Chief Global Strategist of Euro Pacific Capital, a division of A.G.P. / Alliance Global Partners, a Registered Investment Advisor and a full-service broker/dealer. His podcasts are available on The Peter Schiff Channel on Youtube.
How Socialism Destroyed Puerto Rico, and How Capitalism Can Save It
As in Greece, the Puerto Rican economy has been destroyed by its participation in an unrealistic monetary system that it does not control and the failure of domestic politicians to confront their own insolvency.
The Bravado of Borrowers
No Greek recovery will be possible until the newly elected Marxists become unapologetic capitalists.
Switzerland Wins As Its Central Bank Surrenders
The situation that forced the Swiss to abandon the peg will soon be faced by bankers of much larger countries in the coming years, the implications of which can have more profound implications for global financial markets.
Hurts So Good: When Exactly Are Falling Prices Bad?
Falling consumer prices are good for the consumer and the economy, but they are bad for central banks looking to maintain asset bubbles and for governments looking for a graceful way to renege on their debts.
Black Gold Loses Glitter
While it is true that the new drilling techniques have revolutionized energy production in the U.S. and Canada, the increase in production has been mostly negligible on the global stage.
The Clock is Ticking in Switzerland
While other countries were undermined by the promises politicians made with a printing press, the Swiss economy prospered thanks to the discipline provided by gold.
It’s The Economy, and They’re Not Stupid
The sharp rebuke to the Obama administration delivered by the mid-term elections should not be construed as an endorsement of the GOP, which remains as unpopular as ever.
Governments Need Inflation, Economies Don’t
Inflation is not needed to grow economies but to grow governments.
Capital in the 21st Century: Thomas Piketty’s Envy Problem
A tired old recipe for global communism in 21st century pseudo-academic clothing.
The Debate Debate
Objective observers see a bureaucratic, inefficient, and hopelessly out of touch ivory tower that is bleeding the country of its savings, and more tragically, its intellectual acuity.
Debt and Taxes
If cutting and taxing are off the table, we can expect borrowing and printing.
Obama Subsidy Spin
Obamacare incentives could reduce the size of the labor force by more than two million workers by 2017
Too Big to Pop?
It’s as if the concept of “too big to fail” has evolved into the belief that some bubbles are too big to pop.
A Green Light for Gold?
Gold moved from $300 to $1,800 not because investors believed the government would hold the line on debt, but because they believed that the U.S. fiscal position would get progressively worse. That is what happened this week.
Debt Ceiling Delusions
The popular take on the current debt ceiling stand-off is that the Tea Party wing of the Republican Party has a delusional belief that it can hit the brakes on new debt creation without bringing on an economic catastrophe. While Republicans are indeed kidding...
The Half Full Economy
The government is continuously over promising and under delivering.
Lessons From the Bankruptcy of Detroit
Private enterprise built America’s Motor City; government destroyed it.
Print the Legend: Thoughts on The Trayvon Martin/George Zimmerman Tragedy
Martin was the aggressor in the physical encounter.
The Golden Cycle
The New York Times had the definitive take on the vicious sell off in gold. To summarize one of their articles: Two years ago gold bugs ran wild as the price of gold rose nearly six times. But since cresting two years ago it has steadily declined, almost by half,...
The Great Reflation
This week economists, investors and politicians were treated to some of the “best” home price data since the frothy days of 2006 when home loans were given out like cotton candy and condo flipping was a national pastime. The Case-Shiller 20 City...
The Biggest Loser Wins
While the world’s economies jockey one another for the lead in the currency devaluation derby, it’s worth considering the value of the prize they are seeking. They believe a weak currency opens the door to trade dominance, by allowing manufacturers to...
Gold in the Crosshairs
In the opening years of the last decade, most mainstream investors sat on the sidelines while “tin hat” goldbugs rode the bull market from below $300 to just over $1,000 per ounce. But following the 2008 financial crisis, when gold held up better than...
Ben’s Balance Sheet Blues
The Fed has no credible exit strategy.
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