Tag: Peter SchiffSort
Record credit-card defaults in the United States are set to expose severely under-capitalized U.S. banks. Along with soaring default rates in every category of U.S. debt, this will lead to the banker-beggars looking for more blank-cheques from their errand-boy, Tim-the-tax-cheat Geithner – later this year.
For nearly 5,000 years, the price ratio between gold and silver has averaged approximately 15:1. This number is very close to the 17:1 ratio which represents the natural occurrence of the two elements in the Earth's crust. It is interesting to note, however, that through most of history the price ratio has favored silver.
In Part I of this series, I provided a brief exposition on the birth of silver mining, and explained how and why silver came to be universally considered a “precious metal” (and “money”) by humanity.In Part II, I will provide an outline of the development of silver mining, and the huge growth of global, silver stockpiles which accompanied such production-growth – and which ended in the l
Given the rate in which our species is over-populating this planet, in some of my more pessimistic moments, I have envisioned a world where we are all waist-deep in our own “waste”. How ironic would it be if our species' own waste products turned out to be our energy-salvation in the future?A Reuters story demonstrates that such a future is at least plausible.
China continues to funnel USD's into commodity investments
There was yet another news item out on June 8th concerning still more investing by China in the infrastructure of another commodity-producing nation. While there was nothing especially noteworthy about this one, particular investment, it does not only reinforce an obvious trend – but also counters yet another myth about China's investment policies.The media in the “old” economies of U.S.
U.S. Mortgage Applications Collapse, while Propaganda Soars
Not all the efforts of the U.S. propaganda-machine are directed at generating false-hope in the U.S. economy and warping economic statistics beyond recognition. A large component of this campaign is to undermine confidence in other economies – in order to try to make investing in U.S. assets appear to be the least-worst alternative.Of course, there is no need for the U.S.
Inflation the key for U.S. to 'manufacture' positive GDP
The comedy duo of Bernanke & Geithner are still promising an “economic recovery” for the U.S. in the second half of this year, and their faithful, media talking-heads continue to parrot this nonsense.Don't get me wrong here. I'm not suggesting that we couldn't see a positive, GDP reading for the U.S. in the 3rd quarter.