Detroit Broke City

August 5, 2013 in News

Peter Schiff | It should come as no surprise that the lessons that should be learned from the bankruptcy of Detroit, a city that once stood as the shining example of America’s industrial might, are being ignored by the American political establishment and its allies in the docile press corps…

Demanufacturing Consent: More Money, More Problems – The Economics of the “War on Drugs”

July 19, 2013 in DC on BFP

DC on BFP #3 | Joined by Dr. Mark Thornton of the Mises Institute, we discuss the economic forces at work within “black markets,” who stands to gain financially from prohibition, what an end to the drug war means for the police state in America, solutions like nullification, and much more.

Peter Schiff: The Golden Cycle

July 1, 2013 in News

Peter Schiff | Once uncoupled from the dollar, gold’s initial ascent in the early 1970′s was fueled by the highest inflation in generations and the deteriorating health of the U.S. economy that had been ravaged by the “guns and butter” policies of the 1960′s. But the American economy stabilized during the mid-years of the 1970′s…

Another Phony Jobs Report From A Government That Lies About Everything

June 11, 2013 in News

Paul Craig Roberts | The payroll jobs report for May released today continues the fantasy. Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs. Are these jobs the high-powered, high-wage “innovation jobs” that economists promised would be our reward from Globalism.

Peter Schiff: The Great Reflation

May 31, 2013 in News

Peter Schiff | This week economists, investors and politicians were treated to some of the “best” home price data since the frothy days of 2006 when home loans were given out like cotton candy and condo flipping was a national pastime. The Case-Shiller 20 City Composite Home price index…

Paul Craig Roberts: Gangster State America

May 14, 2013 in News

Paul Craig Roberts | There are many signs of gangster state America. One is the collusion between federal authorities and banksters in a criminal conspiracy to rig the markets for gold and silver. My explanation that the sudden appearance of an unprecedented 400 ton short sale of gold…

Peter Schiff: Gold in the Crosshairs

April 16, 2013 in News

Peter Schiff | In the opening years of the last decade, most mainstream investors sat on the sidelines while “tin hat” goldbugs rode the bull market from below $300 to just over $1,000 per ounce. But following the 2008 financial crisis…

Bitcoin Crash: Rush of Interest, not DDoS Hack Attack, says Mt.Gox Exchange

April 11, 2013 in News

Newsy | The value of Bitcoin crashed in less than six hours Wednesday, sparking fears the servers that exchange the newly popular currency were victim to a hacker attack. The virtual currency’s value dropped from $265 to $105 due to a “panic sell-off.”

Four Reasons Bitcoin Is Worth Studying

April 8, 2013 in News

Forbes | As Adam Ozimek points out Bitcoin has so far largely been greeted with eye-rolling by professional economists. One reason is that the cryptocurrency’s most enthusiastic advocates tend to subscribe to a hard-money, end-the-Fed worldview…

As Confidence In Dollar Wanes, Over A Dozen States Push For Gold As Legal Tender

April 8, 2013 in News

Zero Hedge | In more than a dozen states, legislators are pushing for a movement back to a world where gold is considered money. As Bloomberg reports, lawmakers in Arizona are poised to follow Utah, which authorized bullion for currency in 2011.