Unfortunately, there is now a growing consensus that since we have abandoned capitalism during bad times, we must also abandon it during good times. If we socialize the losses, we must also socialize the profits. While this is logically consistent, two wrongs don't make a right.
Apr 24, 2020
How Long Before A Currency Crisis?
The national debt now exceeds 24.6 trillion dollars. It was just two weeks ago that it hit 24 trillion dollars.
We are adding $1 trillion per month to the national debt. That was the size of the entire national debt as late as Oct. 1981.
How much longer can this pace continue without a crisis?
Apr 23, 2020
Gold Stocks Are The Perfect Hedge
Gold stocks are the perfect hedge few portfolio managers own, as they will rise regardless of which direction stocks move. If stocks rise due to Federal Reserve money printing, gold stocks will rise more. If stocks fall due to a weak economy and falling earnings, gold stocks will also rise.
Clearly, everything that is happening right now in the economy, with central banks, is extremely bullish for gold. There is no question about it.
Read the complete article here: Peter Schiff: Gold Is the No-Brainer Investment
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