We’ve been warning about presidential candidate Sen. Elizabeth Warren’s threats to raise income taxes to 70% and to confiscate your savings in the form of a “wealth tax.” No sooner do we issue one warning then Warren comes up with another idea that will be financed by taking even more of your wealth and income.
”Really POWERFUL interview! EVERYONE should listen to this!” – Edward Fietz
Gold has had a nice run lately, trading around $1,325 per ounce as of this writing after briefly trading up to the $1,340 per ounce level last week. This has been an impressive rally off a base of $1,185 per ounce as recently as last fall. The recent gold rally dynamics are captured in this article.
No doubt most Americans are somewhat familiar with Donald Trump’s fight with Congress over funding for a border wall. Over the course of December and January, Trump shut down the government because Congress refused to pass spending bills that included funds to build a wall along the Mexican border. The shutdown did not produce results
We’ve written numerous times about the likelihood of a Chinese credit crisis and the risks of contagion from such a crisis in China and the global economy. Despite long-standing concerns, this is an issue that simply won’t go away. China has repeatedly turned to more debt, lower interest rates, currency devaluation and other cheap tricks of
Washington, D.C., is in the grip of “impeachment fever,” with many progressives calling for the impeachment of President Donald J. Trump. Rep. Maxine Waters (D-CA) is the leader of this group, but she has many followers, including Rep. Brad Sherman (D-CA), who has already introduced articles of impeachment against Trump despite being warned off by
Professor Ken Rogoff of Harvard is a chess grandmaster, world-class economist and author or co-author of several bestselling books on economics. He is also an advocate of negative interest rates, which is a form of wealth confiscation from savings accounts. Rogoff understands that savers who face a negative interest rate on bank deposits can easily
I’m sure you’ve heard of the “Green New Deal” put forward by House member Alexandria Ocasio-Cortez (D-NY) and Senator Ed Markey (D-MA). The back-up talking points for the Green New Deal included an end to the oil and gas industry, an end to air travel, an end to internal combustion engines in cars and an
In the past few weeks, we’ve sent you articles about the custody and ownership of Venezuela’s gold. First, Venezuela requested the return of 14 tons of gold held in custody at the Bank of England. The bank refused to return the gold and said it would be held on account for a future legitimate government
Since the end of QE and the “taper” in October 2014, the Fed has been trying to “normalize” their balance sheet and interest rates. The balance sheet needed to be reduced from $4.5 trillion to about $2.5 trillion through “quantitative tightening” or QT, which is tantamount to burning money. Interest rates needed to be raised
