Signs Of A Weak U.S. Economy

If the U.S. Economy is really the strongest in history, why is the service sector growing at its slowest pace in 2 years, factory orders near a 3-year low, and small business employment collapsing at its fastest pace in over 9 years?

Markets: Gold, U.S. Dollar

Gold and the U.S. Dollar are over-reacting to June's jobs number that can easily be revised lower. 

The economy is slowing and job losses are typically the caboose not the engine of the recession train. The Federal Reserve will cut interest rates, it will not prevent recession, but it will boost inflation!

U.S. Economy Keeps Reflecting Weakness

The so-called strongest economy ever keeps setting records that reflect weakness. In addition to records in government spending and borrowing, the June Empire State Manufacturing Index just dropped by a record 26 points to -8.6, its 1st negative reading since Trump was elected.

The US Dollar Is Going To Go Through The fFoor

The US Dollar is going to go through the floor and that means the world needs an alternative to the US Dollar. The best alternative is gold.

Bitcoin: New Gold or Fool's Gold?

Peter Schiff debates Barry Silbert at 2019 SALT Conference. They discussed Bitcoin and crypto currencies versus gold.

Bitcoin Has No Intrinsic Value

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