Wednesday , February 19 2020
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Tag Archives: Guest Commentaries

The Era of Boom-Bust Is Not Over

In the most recent Friday Gold Wrap podcast, Mike Maharrey talked about the fact that the Federal Reserve has increasingly engaged in more and more extraordinary monetary policy. As he put it, extreme has become the norm. Despite what pundits insist is a “great” economy, interest rates are extremely low by historical standards and the Fed is engaging in quantitative easing to the tune of $60 billion a month.While stock markets continue to make record highs and the economy continues to...

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Silver and the Stagflationary ’70s

Silver tends to get lost gold’s spotlight but there are reasons to consider adding silver to your portfolio as well. The silver-gold ratio remains at historically high levels. Practically speaking, this means silver is on sale. The supply and demand dynamics also look good for the white metal. Demand is up and global mine output fell last year.There have been financial commentators, pundits, and asset managers who have stated that during periods of stagflation — low real GDP growth and...

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US Foreign Policy, Oil and the Dollar

The war drums have quieted for the time being. But while the threat of a hot war seems to have diminished, economic warfare continues. President Trump announced another round of economic sanctions on Iran.We have written extensively how about how the US weaponizes the dollar and uses it as a foreign policy tool. This is one of the reasons many central banks are buying gold. The flip side of that equation is also true. The US government uses the military to support the dollar – specifically...

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The Ethical Case for a Gold Standard

As economist Thorsten Polleit pointed out, inflation has pernicious effects on the average person, while tremendously benefiting the chosen few. Inflation the money supply is a policy intentionally carried out by central bankers around the world. Polleit calls this an “inflation scam.” With the Federal Reserve signaling that it is willing to let the inflation monster run loose, you should be prepared to see the value of the dollar erode even further in the future.In essence, inflation...

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Inflation: A Wealth Redistribution Scam

The Fed has indicated that it won’t hesitate to let the inflation Jeanie out of the bottle. As Peter Schiff put it in a recent podcast, the central bank is willing to resurrect the inflation monster that former Fed Chairman Paul Volcker slew.Even if the Federal Reserve wasn’t set to allow inflation to run hot, it targets 2% inflation as a matter of policy. In simple terms, the central bank intentionally devalues your money by 2% every single year.As economist Thorsten Polleit explains in...

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Quantitative Easing By Any Other Name…

Stocks have pushed to record highs in recent weeks. If you read the headlines, you’d think it was all about optimism for a trade deal. Or maybe just some general bullishness on the US economy. But Peter Schiff has said that’s not the real reason stocks have continued to climb. In fact, there are a  lot of things that should be causing them to go down, but only one thing causing them to go up — the Federal Reserve.For a while, people were worried about rate hikes. Nobody is worried about...

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The Skyscrapers Are Warning Us!

Did you now skyscrapers can predict economic crashes?And the skyscraper index is flashing red.As economist Mark Thronton explained in his book, , the so-called Skyscraper Index has a remarkably accurate record signaling economic downturns dating back to the late 19th century.Thornton explained the Skyscraper Index in detail during a SchiffGold It’s Your Dime Interview.In an article published at LewRockwell.com, Thornton makes the case that the index is signaling the next big downturn.Zero...

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WeWork IPO Disaster Reveals the Danger of the Fed’s Easy Money Policy

On several podcast episodes, Peter Schiff has talked about the warning signs we’re seeing on Wall Street through the struggles of so-called unicorn companies.Unicorns are privately held companies valued over $1 billion. Companies like Lyft, Chewie, Uber and WeWork were the darlings of WallStreet. Their IPOs were much-anticipated by investors. They are also the poster children for easy-money induced market mania, and their IPOs were crucial for maintaining the bubble.In particular, the...

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The Fed Is Working From a Position of Fear

The stock market keeps hitting new highs and employment reports continue to look good. President Trump and central bankers at the Fed like to point to this and tell us that the economy is doing good. But as Peter Schiff explained in his latest podcast, the markets aren’t making highs because the economy is good. It’s making highs because of the Federal Reserve’s easy-money policies.Despite the fact that the economic data is deteriorating. Despite the fact that corporate earnings are...

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Negative Interest Rates: The Price We Pay for De-Civilization

President Trump recently took aim at the Federal Reserve once again, accusing the central bank of “holding back” America’s economy. The president was responding to a FOX Business segment about negative interest rates in Europe and Japan.Trump said the Fed should follow the lead of European and Japanese central banks into the world of negative rates.“Over in Europe and Japan they have NEGATIVE RATES. They get paid to borrow money. Don’t we have to follow our competitors?” @Varneyco Yes we...

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