CEO: Euro Pacific Capital https://t.co/S5Amlx5QVt Chairman: SchiffGold https://t.co/Wc7EWe2I0R Host: Peter Schiff Show https://t.co/PISh4vcdKe
The dollar rallied sharply when the 2008 financial crisis started. But following QE, the dollar tanked, and only reversed once the Fed convinced currency markets it could normalize rates and shrink its balance sheet. This time the dollar barely rose and the collapse won't stop.
@smcapgreg Yes, the middle class is taxed much more now than it was back then. That's why today's middle class is yesterday's lower class. Much better to cut spending than raise taxes to pay off the debts.
Members of Congress are acting as if voting for the #stimulusbill shows voters how compassionate and generous they are. It's easy to be generous with other people's money. How about members of Congress agree to generously forgo their salaries to help pay the cost of the bill.
@BGBandita @RepThomasMassieRun your own business without stealing from other people. This bill will do far more damage to the economy and your business, and your employees, than the Coronavirus. He is doing his jobs by opposing the bill. The rest of Congress is selling out the nation by voting for it!
The #Coronavirus will be the scapegoat. The U.S. economy was headed for a crash anyway due to the reckless and incompetent monetary and fiscal policies of the past. Now the Coronavirus will be the excuse to more aggressively pursue those same failed policies in the future.
I just lost all the #Bitcoin I have ever owned. My wallet got corrupted somehow and my password is no longer valid. So now not only is my Bitcoin intrinsically worthless; it has no market value either. I knew owning Bitcoin was a bad idea, I just never realized it was this bad!
Senator @BernieSanders says “anyone who feels entitled to a decent standard of living” should join his campaign. No one is entitled to anything they did not earn. No one has a right to use government to steal what others have earned. Plus, what defines decent and who defines it?
Thanks to the Fed's artificially low interest rates, Boeing borrowed billions to buy back its own overpriced stock. Now it's seeking a federal bailout to avoid selling that stock at a loss. Since the Republicans are Democratic Socialist too, Boeing's bailout is likely in the bag.