Originally posted on September 29, 2023. A SchiffGold.com, Peter Schiff, warns that the economy is buried under trillions in debt, and that, in his words, “Every day, we’re getting closer to a major stock market crash, or a financial crisis, or both.” Interest rates continue to push relentlessly higher. As Peter Schiff explained in his […]
Schiff: Biden Economy Putting Lipstick on a Pig
According to Peter Schiff, the Biden economy is in danger, and the administration’s efforts amount to putting lipstick on a pig. SchiffGold.com reports: Peter Schiff recently appeared on Real America with Dan Ball to talk about the state of the US economy. He described it as a disaster and said Bidenomics consists of putting lipstick on a […]
Senators Attempt to Block Japanese Purchase of US Steel
Senators from both parties are attempting to block the purchase of US Steel, America’s iconic steel company, by Nippon Steel, a Japanese competitor. Russell Payne reports in The New York Sun, writing: Senator Brown is joining a growing bipartisan group of senators opposing the acquisition of U.S. Steel by Nippon Steel, which would put the […]
RAGE Gauge January: What the Fed Means to You
Once again, the Fed proves it’s a political beast, signaling yesterday that it’s open to rate cuts next year (as many as three) just in time for the election. Wow. You can’t make this stuff up. Inflation is beat? Hardly, as many of you who’ve gone out to dinner this holiday season know all too […]
Biden Cleans America’s Streets for Xi, but Not for Citizens
Why will Joe Biden clean America’s streets for Chinese Communist General Secretary, Xi Jinping, but not for the citizens who live here? Newt Gingrich recounts Biden’s actions in The New York Sun, writing: When Chinese Communist Party’s general secretary, Xi Jinping, recently visited San Francisco, Democrats and the Biden administration orchestrated a great charade. The […]
Joe Biden’s “Mickey Mouse” Budget
At David Stockman’s Contra Corner, David Stockman exposes what he calls Joe Biden’s “Mickey Mouse” budgeting. He writes: Here’s one that will make your hair stand on end: The US Treasury closed the books on FY 2023, bringing the four-year cumulative deficit to $9.0 trillion! That’s right. During the last 1,461 days (FY 2020 thru FY […]
Has the Fed Tamed Inflation?
Many market participants are heralding the death of inflation, but Peter Schiff isn’t so sure. Schiffgold.com explains: The October CPI came in lower than expected, sparking a rally in stocks, bonds, and gold. Cooling prices reinforced the belief that the Federal Reserve won the inflation fight and the rate hiking cycle is over. In his podcast, […]
Is the Fed Following the Market to Ruin?
At Schiffgold.com, Peter Schiff suggests that the Federal Reserve will always do what the market expects it to do, even if that’s wrong. He explains that because of the Fed’s lack of leadership, it won’t achieve either of its mandates, maximum employment or stable prices. Schiffgold.com writes: After the Fed meeting, Powell admitted the central […]
Biden Plans to Fuel the War Machine with Ukraine “Aid”
At the Ron Paul Institute for Peace and Prosperity, former congressman and presidential candidate, Dr. Ron Paul, explains why Biden’s plan to spend American money on war material isn’t the best plan for economic growth. Paul writes: Faced with growing American frustration over more than $100 billion spent on a failed proxy war in Ukraine, […]
How War Could Drive Food Prices Even Higher
For many Americans, Joe Biden’s tenure in the White House has been most notable for the crushing inflation they have endured during that time. At The Economic Collapse, Michael Snyder suggests that the wars being funded and sustained by Biden’s foreign policy agenda could drive that inflation even higher. He writes: The only way that […]
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