We’ve written extensively about the “war on cash.” In a nutshell, governments would love to do away with cash in order to better track and control their citizens. There have been numerous moves closer to a cashless society in recent years, from capping ATM withdrawals to doing away with large-denomination […]
The US government continues to run massive budget deficits. That means it has to sell bonds to finance the debt. The Federal Reserve is buying a lot of them as it continues to monetize the ever-growing federal debt. Between March 2020 and March 2021, the central bank monetized more than […]
The markets seem to think the Fed is going to fight inflation. They believe that the central bank will pivot to tighter monetary policy sooner than expected as inflation heats up, even though Jerome Powell keeps insisting inflation isn’t really a problem. It couldn’t fight inflation even if it wanted […]
Why buy gold? The Relevance of Gold as a Strategic Asset report released by the World Gold Council offers four reasons to add gold to your portfolio. What makes gold a strategic asset in the first place? The World Gold Council provides a quick summary of gold’s qualities. Gold benefits from […]
The US government is spending money at a torrid pace. As Peter Schiff explains in this short clip from his talk at the Virtual Money Show, there are really only three ways the government can pay its bills. And ultimately, the money comes out of your pocket. The most honest […]
Peter Schiff recently spoke at the January 2021 Virtual Money Show. He explained why the coming financial crisis will be much worse than 2008, and how the Federal Reserve and the US government are driving us toward this crisis with their inflationary monetary policy. «The cause of the looming crisis […]
President-elect Joe Biden unveiled his massive stimulus plan last week touted as the “American Rescue Plan.” In his podcast, Peter Schiff said it was more like throwing a drowning man an anchor. Before Biden announced his stimulus plan, Jerome Powell spoke and reassured everybody that the Fed will continue with […]
A lot of people seem to think this is a sign of pending economic growth. But in his podcast, Peter Schiff said it’s really a sign of inflation. Most of the investment world continues to focus on the stock market and they’re not really paying attention to what going on […]
Even if the vaccine proves effective and governments ease off the draconian policies they have implemented in response to the pandemic, governments and central banks will have to continue stimulus programs and loose monetary policies. That’s good for gold. Commerzbank sees things the same way, projecting gold’s bull run will […]
When governments started locking down economies in response to the coronavirus pandemic, the Federal Reserve sprung into action. The central bank immediately cut interest rates to zero and launched what we’ve called “QE infinity.” Since then, the Fed has ballooned its balance sheet by nearly $3 trillion and increased the […]