Over the past year, while the U.S. economy has continually missed expectations, Federal Reserve Chairwoman Janet Yellen has assured all who could stay awake during her press conferences that it was strong enough to withstand tighter monetary policy. In delivering...
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.
Failure to Launch
The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy...
Clueless in Davos
Making their annual pilgrimage to the exclusive Swiss ski sanctuary of Davos last week, the world's political and financial elite once again gathered without having had the slightest idea of what was going on in the outside world. It appears that few of the...
QE’s Creeping Communism
Washington has joined Tokyo on the road to Leningrad.
Death of a Patriot
Whether or not you agree with my father’s views on the Federal Income Tax, or the manner by which it is collected, it’s hard to condone the way he was treated by our government.
Currencies Depend on Faith, Gold Doesn’t
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 continuous...
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...
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