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Lest you weep for those whose phantom wealth will be drained away, recall that few win when a reserve currency dies. Labor can start earning the day after the reset, but the capital lost is gone for good.
The Debt Crisis and Its Implications: Peter Schiff (@peterschiff) discusses the growth of the United States' national debt from $7 trillion to approximately $35 trillion and its consequences on the economy.
...saying the situation is an emergency that makes it harder to control inflation and which could erode living standards if left unaddressed.
Over the past several years, the cost of living has been rising significantly faster than paychecks have.
While Joe Biden insists that Americans are doing great - suggesting in his State of the Union Address last week that "our economy is the envy of the world," Americans are being absolutely crushed by inflation...
People who have been reading my analysis for a long time are well aware of my expectations on the eventual outcome of the US economic debacle: A stagflationary crisis followed by a massive crash similar to the Great Depression (or worse).
Two weeks ago, we described how, after two or so months since House Democrats abandoned the Biden administration's propaganda campaign to sell the American people on disastrous "Bidenomics," the White House would pivot to a new messaging strategy of
There should be no doubt that the UniParty has left main street households high and dry. During the past five years inflation-adjusted weekly earnings have barely limped forward at a 0.4% annual rate.
Inflation is back on the radar this week after yesterday's release of PCE in the US.
Can you guess who the quote in the article title is from? I will give you a hint. It wasn't me. I know that it sounds like it could have come from me, but it actually comes from a very big name on Wall Street.
Louisiana Republican Sen. John Kennedy slammed Joe Biden's economic policies Monday, declaring that inflation under Biden is a "cancer on the American Dream," and saying Biden is about as popular as chlamydia.
...to cut soaring grocery bills... with rise in popularity of own-brand items and discount stores finally shaming manufacturers into lowering prices
The Average U.S. Household Is Spending $1,019 More A Month Just To Buy The Same Goods And Services It Did 3 Years Ago
Peter addresses the looming resurgence of inflation. Ironically, on the back of disappointing inflation numbers, gold witnessed a dip below $2000 on Tuesday due to inflation news surpassing expectations.
We all [guessed] around $400 bucks. It was $104 U.S. here. And that's when you start to realize that ideology doesn't matter as much as you thought."
When politicians spend money that they don't have ($34 trillion+) the Fed has to counterfeit money into existence. Everyone then has to adapt to the dollar losing value. Companies too have to adapt, by cutting costs and via "shrinkflation" (i.e., cha
When politicians spend money that they don't have ($34 trillion+) the Fed has to counterfeit money into existence. Everyone then has to adapt to the dollar losing value. Companies too have to adapt, by cutting costs and via "shrinkflation" (i.e., cha
According to the Fed's "preferred" inflation measure, the Personal Consumption Expenditures Index (PCE)--you know, the one that excepts those extraneous things you never buy, things like food and gas--well, according to recent PCE readings th
Food inflation may not be dead.
Food Prices To Skyrocket In 2024 - From Cattle Shortages To Recalls To Another Meat Farm On Fire, Multiple Food Categories Will See Massive Price Hikes In The Coming Months
The days of the 99 cent Egg McMuffin are never coming back.
There is a tremendous disconnect between the economic numbers that the government is giving us and what most Americans are personally experiencing on a daily basis.
Earlier this week, leaders from both major parties in the Land of the Free announced a grand bargain that, in theory, should avoid a government shutdown later this month.
Jobs and Inflation and Bitcoin, Oh My! - Ep 941
Let's tune into a White House Statement on inflation to discuss what's real and what is imaginary.
High wages and rent forced business owners to raise costs to cover expenses
A clip from the 1990 movie Home Alone where the lead character purchases groceries, household goods, and toys recently went viral because he paid a total of $19.83 whereas today the same purchase would cost over three times as much.
Inflation is dead! At least that's what you would think if you listen to government officials and talking heads in the financial media.
President Biden recently repeated the claim that high prices are caused by greedy businesses.
