May 15, 2019

Trade War: "You don't win a war by shooting your own troops!"

The idea that we have more weapons in the trade war because we can tariff more products is wrongheaded. Tariffs hurt the country that imposes them the most, not the other way around. You don't win a war by shooting your own troops!

Trump Realizes The Current American Economy Is Weak

Trump's longing for the good old days when America actually made things and ran trade surplus proves that Trump realizes the current American economy is weak. He just pretends that it's strong so he can take credit for it as he campaigns to win a second term.

Bitcoin Is A Ponzi Scheme

Read Peter's latest commentary on crypto currencies and Bitcoin: Bitcoin [BTC] is a ‘speculative vehicle for gambling’, says broker Peter Schiff

Topics covered in the interview:

  • Bitcoin has anything in common with gold
  • Bitcoin is a “fool’s gold” 
  • Bitcoin has no intrinsic value 
  • Bitcoin is a Ponzi scheme

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