Liberty MavenArticles by Mike Miller
- 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 [...]
- Debt Ceiling Myths - July 21st, 2011
by Michael Pento, Senior Economist at Euro Pacific Capital (www.europac.net) The debt ceiling debate that has dominated the headlines over the past month has been thoroughly infused with a string of unfortunate misconceptions and a number of blatant deceptions. As a result, the entire process has been mostly hot air. While a recitation of all the [...]
- It Ain’t Money If I Can’t Print It! - July 14th, 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 I have been forecasting with near certainty that QE2 would not be the end of the Fed’s money-printing program. My suspicions were confirmed [...]
- Sovereign Debt Blows Big Holes in Big Banks - July 13th, 2011
by John Browne, Senior Market Strategist at Euro Pacific Capital The past few days have been very bad for the world’s largest banks. American behemoths Citigroup and Bank of America are down about 7% each. Across the Atlantic, things are far worse. BNP Paribas, Barclays, and Banco Santander are all down 13% or more… and Société [...]
- The Psychology of Bond Investors - July 10th, 2011
by Michael Pento, Senior Economist at Euro Pacific Capital (www.europac.net) Those who take issue with the outlook of Austrian economists in general, and Euro Pacific Capital in particular, have pointed to the persistence of low bond yields as proof that our philosophy does not hold water. We argue that as the United States takes on ever [...]
- Don’t be Fooled by Political Posturing - July 9th, 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 As attention focuses intently on the negotiations to raise the debt ceiling, House Republicans have made a great show of drawing a line in [...]
- The Rise of the Barter Economy - July 6th, 2011
by Peter Schiff Imagine a day when you go to buy a quart of milk, ask the price, and the cashier says, “that’ll be a tenth ounce silver.” As the US dollar’s decline accelerates, several efforts around the country are trying to make this vision a reality. Historically, paying for items in silver or gold [...]
- Greeks Buy Time for Insolvent Bankers and Delusional Politicians - July 5th, 2011
by John Browne, Senior Market Strategist at Euro Pacific Capital Last week, the Greek parliament voted by a narrow margin to pass an economically crippling austerity plan of some $40 billion in return for some $159 billon of fresh liquidity injections. Although many hailed the event as a needed first step on a long road to [...]
- Fed Benefits from Global Fears - June 25th, 2011
by John Browne, Senior Market Strategist at Euro Pacific Capital This week, in the second in a series of less-than-impressive press conferences, Fed Chairman Ben Bernanke offered market observers little hope that any additional quantitative easing programs are on the horizon. The Chairman continues to cling to the position that the economy is improving (with the [...]
- Hard to Take a Bone from a Dog - June 18th, 2011
by John Browne, Senior Market Strategist at Euro Pacific Capital Most people, provided they have a minimum of experience, know that taking a bone from a dog is a risky proposition. In terms of political power, few dogs are bigger than the American voting public. Taking away, or even threatening to take away, the major entitlements [...]
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