Dollar is the New Peso

The U.S. dollar will continue weakening, and investors may borrow it to invest in higher-yielding assets, says Peter Schiff, president of Euro Pacific Capital. “I don’t know when (the dollar) is going to strengthen,” Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.” A weak dollar and low U.S. interest […]

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U.S. Government Going Broke

Boston University economics professor Laurence Kotlikoff says the government “is going broke.” In a Federal Reserve Bank of St. Louis Review article, he points out that bankruptcy is usually defined as an inability to pay interest on current debt, with no prospect of being able to pay without changes in circumstances. In assessing whether the […]

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Traitor – Comrade Obama To Give Illegals Health Care

The Obama administration intends to “backdoor” illegal immigrants into its proposed health-care plan by passing an immigration reform bill that would give legal status to as many as 12 million illegal immigrants currently in the U.S., charged Radio America talk-radio host Rodger Hedgecock today in Washington, D.C. Calling comprehensive immigration reform the Obama administration’s “second […]

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