Posts Tagged ‘federal reserve’

Here is the latest from our partner Peter Schiff.  Our condolences go out to Peter and his family.  Peter lost his father this week, a true soldier in the battle for liberty, Irwin Schiff.  RIP Irwin.

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Call 1-888-GOLD-160 and give promo code “badger” for a special deal on gold and silver!

 

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On today’s episode I was thrilled to welcome Peter Schiff.  Peter is President and CEO of Euro Pacific Capital and Schiff Gold.  He has a great podcast of his own which you can find at: www.schiffradio.com and is a frequent guest on most major financial television networks.  I have been a fan of his for a long time and was really excited to have him on the program.

Peter’s reaction to fed minutes:

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Peter Schiff on the Fed rate hikes:

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Check out the latest analysis of our economy from our friend Peter Schiff!

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

For on point interpretation of our economy, check out Peter Schiff:

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Check out the latest from Peter Schiff.

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Dr. Doom, Marc Faber joins us on Political Badger today to discuss economic troubles in China, Greece, and the U.S.

http://www.gloomboomdoom.com/

Please check out the latest from Peter Schiff:

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

On today’s show we are talking to John Tamny.  John is editor of RealClearMarkets, Political Economy editor at Forbes, and a senior economic adviser to Toreador Research and Trading (www.trtadvisors.com). He is author of the new book Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics (Regnery).

Please check out the latest from Peter Schiff!

Click here to listen!

Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Check out the latest podcast from Peter Schiff!

Click here to listen!

Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Please check out the latest episode of The Peter Schiff Show podcast!

Click here to listen!

Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

 

Please check out the latest from Peter Schiff!

Click here to listen!

Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Please make sure to check out the latest podcast from Peter Schiff!

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Please check out our latest podcast episode with Tres Knippa.  Tres is a trader, broker, and member of the Chicago Mercantile Exchange and appears weekly on CNBC, Bloomberg, and many other networks around the world. Tres has been trading futures and currency markets for over 17 years and became a member of theChicago Mercantile Exchange in 1996 after moving to Chicago from Texas. In 2004 Tres was the youngest member to ever be appointed to the Live Cattle Pit Committee at the Chicago Mercantile Exchange. Today, Tres’ focus is nothing short of global in scope.Tres trades a variety markets for himself and his clients including agricultural futures, currencies, stock indices, and interest rates. Tres’ customer base is as diverse as his positions. His customers include a commercial wheat farmer in Brisbane, Australia, a fund manager in London, England, a currency trader in Dubai, UAE, a stock index trader in Prague, Czech, a fund manager in Italy, and a feedyard owner in Dodge City, Kansas amongst many others. Tres is a registered Commodity Trading Advisor with Kenai Capital Management. While building his business, Tres found the time to attend classes and graduate from the Entrepreneurial Masters Program at MIT in Boston, Massachusetts. He also holds a BBA from Baylor University and a Ranch Management Certificate from Texas Christian University. Tres’ fund seeks to profit from what, in his opinion, is the coming debt crisis in Japan. ShortJapanDebt.com

Please do yourself a favor and listen to the latest episode of the Peter Schiff Show.  It’ll make you at least 12% smarter (I did a study, this is proven)!!

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com
 

Please check out our latest interview with Bob Wenzel of http://www.economicpolicyjournal.com and http://www.targetliberty.com where we break down our economy from an Austrian perspective:

http://www.amazon.com/Fed-Flunks-Speech-Federal-Reserve/dp/1312047232/ref=sr_1_1?ie=UTF8&qid=1431141198&sr=8-1&keywords=The+Fed+Flunks

Please listen to the latest from Peter Schiff!

Click here to listen!

Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Check out the Peter Schiff’s latest analysis of the economy on his latest episode:

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Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Check out the latest podcast from Peter Schiff!

Click here to listen!

Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

Please check out the latest podcast from Peter Schiff:

Click here to listen to The Peter Schiff Show Episode 77

Listen to all of Peter Schiff’s podcasts at SchiffRadio.com. Visit Peter’s gold company at SchiffGold.com

On our latest podcast I was extremely fortunate to interview John Mauldin: noted financial expert, best-selling author, and chairman of Mauldin Economics.  John gave us his unique insight into our economy today and what we can expect in the future.  It was fun to have someone on with Austrian influences, but who is not a strict Austrian.  He has a unique perspective and I’m happy he was kind enough to share it with us.  Please enjoy.

 

http://www.mauldineconomics.com/

Ok if you don’t know Peter Schiff do yourself a favor and listen to the latest Lions of Liberty podcast to find out what’s really going on with our economy:

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By: Peter Schiff

The sudden fall in the price of oil provides a unique opportunity to examine the widely held belief that deflation is economic poison. As many governments and central banks have vowed to fight deflation at all costs in 2015, the question could hardly be more significant.

While falling prices may strike the layman as cause for celebration, economists believe that it can kick off a nasty, and often inescapable, negative cycle, which many believe leads inevitably to a prolonged recession, or even a depression. However, these same economists acknowledge that falling energy prices may offer a stimulus, equivalent to an enormous “tax cut,” particularly for lower and middle income consumers for whom energy costs represent a major portion of disposable income. They suggest that the money consumers and businesses no longer spend on gasoline and heating oil could be spent on other goods and services thereby creating demand in other areas of the economy. Even Fed Chair Janet Yellen, a staunch advocate of the economic benefits of rising consumer prices, has extolled the benefits of falling oil prices.

After considering these competing tensions, most economists agree that falling energy prices are a net positive for an economy (except for oil exporting countries like Russia and Venezuela). But the fact that there is even a debate is shocking. It should be clear to anyone that consumers individually, and an economy collectively, benefit from lower energy prices. As I mentioned in a column late last month, no one buys energy for energy’s sake. We simply use it to do or get the things that we want. The lower the cost of energy, the cheaper and more abundant the things we want become.

But if we all can agree that lower energy prices offer a benefit, why can’t we make the same conclusion about food prices? Wouldn’t consumers get a huge “tax cut” if their grocery bills fell as dramatically? How about health care? Wouldn’t we all be better off if our hospital and insurance bills fell dramatically from their currently insane levels? Come to think of it, why wouldn’t we be better off if the price of everything fell?  When does too much of a good thing become too much? (more…)

By: Paul Craig Roberts

Financial Market Manipulation Is The New Trend: Can It Continue?
Financial Imperialists Attack Russia

A dangerous new trend is the successful manipulation of the financial markets by the Federal Reserve, other central banks, private banks, and the US Treasury. The Federal Reserve reduced real interest rates on US government debt obligations first to zero and then pushed real interest rates into negative territory. Today the government charges you for the privilege of purchasing its bonds.

People pay to park their money in Treasury debt obligations, because they do not trust the banks and they know that the government can print the money to pay off the bonds. Today Treasury bond investors pay a fee in order to guarantee that they will receive the nominal face value (minus the fee) of their investment in government debt instruments.

The fee is paid in a premium, which raises the cost of the debt instrument above its face value and is paid again in accepting a negative rate of return, as the interest rate is less than the inflation rate.
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I recently had the great privilege of interviewing Greg Mannarino of http://www.traderschoice.net I had watched some of his videos and seen multiple interviews he’d given and was fascinated by his views. I know you’ll enjoy his intriguing, if not startling responses to my questions.

From http://www.davidstockmanscontracorner.com today:

http://davidstockmanscontracorner.com/how-financial-bubbles-fester-and-burst-even-as-the-fed-says-not-to-worry/

Today we spoke with Dr. Paul Craig Roberts on a number of topics including our troubled economy, how we created the mess in Iraq, and the possibility of nuclear war with Russia.  I hope you enjoy this really interesting conversation.

http://www.amazon.com/How-America-Was-Lost-Warfare/dp/0986036293

With the Fed propping up the the stock market with their cheap money policies, what’s a person to do? Andrew Schiff of Euro Pacific Capital says invest abroad:

http://www.schiffradio.com

http://www.europac.net

http://www.amazon.com/How-Economy-Grows-Why-Crashes/dp/1118770277

He’s a contrarian. He’s a prognosticator. He’s a bear on the US economy. He’s Dr. Doom and he was kind enough to chat with us recently:

As I’ve written before our economy is based on bubbles. The Fed inflates a bubble, we have a crash, they reinflate and round and round we go. Right now we are seeing the cheap money find its way into stocks. Last time it was housing. Today’s report of an unexpected 0.5% increase in producer prices in March makes one think the freshly printed dollars may be finding their way into the economy at large. The dollar has taken a bit of a beating this week on the FX market. It was down 2.5% against the Yen which is tough to do given Prime Minister Shinzo Abe’s rampant money printing. Who knows if this is the beginning of a trend but, if nothing else, its a harbinger of things to come.

The main way by which the Federal Reserve seeks to “stimulate” the economy is by manipulating interest rates. It does this through its so called open market operations. In other words, it attempts (most often) to force interest rates down by changing the money supply, i.e. printing money. (more…)

More genius from David Stockman:

Stockman Article

http://www.bloomberg.com/video/not-a-snowball-s-chance-of-surplus-stockman-1xN5X6c2Q6adY43erJ2bPg.html

Check out this really good little 5 minute video with David Stockman. If you want to understand exactly where our economy is, where it is heading, and how we got here do yourself a favor and read his masterpiece The Great Deformation. It is unreal.

zerohedge article

Here is a great article on zerohedge.com explaining why our unemployment rate is dropping despite a moribund economy. Another great example of the Fed’s easy money policy distorting the real state of things. This is a must read. It’s short and mad informative.

I always had an inkling that Wall Street was not an accurate gauge of the real economy. I didn’t know for sure and couldn’t give you any discernible theory as to why but my gut told me this was the case. Turns out I was right. I am a pretty humble dude but am also one smart mother f€cker (I’m actually not that smart at all. This is stuff a 3rd grader could understand.) and was able to able to crack the code.

There have been several instances of real legitimate growth in America since our inception (and our sexy, sexy conception). Arguably the most explosive growth we’ve enjoyed was the period starting from roughly the end of the civil war through the 1913ish. Government was relatively nonintrusive, there was no income tax, we were innovating like nobody’s biz-nass, we got electric lights up in this piece, the telephone was invented, we were laying train tracks like mad, Henry Ford invented the assembly line, and so on… (more…)

CNBC Article on Income Inequality

I mentioned income inequality in yesterday’s piece. Seeing as the president is apparently going to address this issue in his state of the union address tonight, I thought it appropriate to mention it again and share this short article I read on cnbc today. The author makes a few great points but the most telling point to me is the fact that from 1979 to 2010 real income for the the bottom 20% increased by 49%. He also points out that the gap has not widened but narrowed since 2007. So when Obama tells you tonight that the gap is widening he’s lying. It is apparent that this is just the issue du jour for the Obama administration. It is an obvious attempt to distract from the disaster that is Obamacare or the NSA before midterm elections. It’s an attempt to pander to his dependent constituency.

One point I didn’t make yesterday is that a by-product of the fed printing money (and giving it to the rich) is to cause consumer prices to rise. So while the wealthy get all the cheap money, the poor, and middle class, and those on fixed incomes get punished with higher prices on things like milk, gas and rent. You think the rich care if the price of milk is $4 or $40? Check out http://www.shadowstats.com for some legit reporting on inflation, as opposed to the BS the BLS puts out. I’ll get into inflation another time but for now suffice it to say money printing benefits the rich and punishes the poor. To the extent income inequality is actually a problem, government creates and exacerbates it.