Articles by Mike Miller
- Krugman’s War Cry Won’t Avert Depression - August 16th, 2011
by Michael Pento, Senior Economist at Euro Pacific Capital (www.europac.net) Paul Krugman sounded the war cry this Sunday on Fareed Zakaria’s program Global Public Square. After all, he asserted, only spending equivalent to another World War could lead us back to prosperity. That, and a healthy dose of inflation. Krugman argued that inflation would address our [...]
- Obamacare Suffers another Blow - August 15th, 2011
The 11th Circuit Court of Appeals ruled on Friday the 12th that Obamacare’s “individual mandate” violates the Constitution. This mandate, which is the foundation of Obamacare, requires individuals to purchase health insurance. The Supreme Court must now rule on this question, but we shouldn’t have to wait for that.I sent a letter to Congress telling [...]
- The Assault on Online Privacy - August 15th, 2011
QUOTE OF THE DAY: “The bill is mislabeled. This is not protecting children from Internet pornography. It’s creating a database for everybody in this country for a lot of other purposes.” – Rep. John Conyers A dangerous bill has been approved by the Republican-controlled House Judiciary Committee that would ELMINIATE your online privacy. That’s why [...]
- The Fix Is In - August 12th, 2011
by Peter Schiff, CEO of Euro Pacific Capital, and host of The Peter Schiff Show, broadcasting live from WSTC Norwalk CT from 10am to noon Eastern time every weekday, and streaming at www.schiffradio.com This week’s wild actions on Wall Street should serve as a stark reminder that few investors have any clue as to what is [...]
- Gold Faces Short-Term Price Trap - August 10th, 2011
by John Browne, Senior Market Strategist at Euro Pacific Capital Last week Fed Chairman Bernanke raised eyebrows and denied history when he asserted in front of Congress that gold doesn’t qualify as money. Yesterday he took the unprecedented step of announcing that the Federal Reserve would keep interest rates near zero for at least the next [...]
- The Center of Gravity Shifts Slowly - August 5th, 2011
by Andrew Schiff, Director of Communications and Marketing at Euro Pacific Capital (www.europac.net) To an extent not fully appreciated by the investing public, financial markets are influenced by human emotion just as much as they are by economic data, corporate earnings, and dividend yields. Of all human motivations, fear is perhaps the most powerful. When people [...]
- Gold is the True Reserve Currency - August 4th, 2011
by Michael Pento, Senior Economist at Euro Pacific Capital (www.europac.net) The reliance upon the U.S. dollar as the world’s reserve currency and “safe haven” asset has created a perverse, but deeply entrenched, mindset among global investors. In fact, many believe the major financial players have no alternatives to owning U.S. debt and dollars. They argue that [...]
- Debt Deal is a Blank Check - August 1st, 2011
by Peter Schiff, CEO of Euro Pacific Capital, and host of The Peter Schiff Show, broadcasting live from WSTC Norwalk CT from 10am to noon Eastern time every weekday, and streaming at www.schiffradio.com. By supposedly compromising to raise the debt ceiling, Congress and the President have now paved the way for ever higher levels of federal [...]
- Gold Faces Short-Term Price Trap - July 29th, 2011
by John Browne, Senior Market Strategist at Euro Pacific Capital Although I believe gold still faces a very rosy future, an agreement in Washington that avoids default and growing concerns of a global economic slowdown could create significant near-term headwinds for gold investors. While the dysfunction of the US government is on stark display over the [...]
- Obama Demagogues Default - July 25th, 2011
by John Browne, Senior Market Strategist at Euro Pacific Capital President Obama has continued and increased the reckless spending of the previous Administration. Now, as the federal debt reaches its statutory limit, he is spreading fear and panic in the hopes of having it raised. Many of the key people responsible for America’s historic mess, including the [...]
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