Robbing Savers to Bail Out Bankers

A new opinion piece at MarketWatch rips into the corrupt policies of the Federal Reserve. Al Lewis cites recent analysis that estimates the Fed’s inflationary policies have cost American savers more than $750 billion since the 2008 financial crisis. Last year alone, savers lost more than $120 billion in purchasing power. What’s one of the best ways to protect your savings? Physical gold and silver.

“Our financial system is so corrupt you might say that a fish rots from the Fed.

How else can one describe a regime that punishes savers and rewards borrowers and speculators for years on end? Our central bank is essentially taking billions of dollars a year from average Americans, who are still struggling to get by in a bombed-out economy, and it is giving it — yes, giving it — to the very banks that helped cause the 2008 financial crisis in the first place.”

Read the Full Piece Here

14 04 24 yellen marketwatch

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Today’s Key Gold Headlines – 4/24/14

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Hungry for Gold?

As Western financial media continues to downplay the importance of gold investment, Asian demand for the metal remains strong. China may have surpassed India as the world’s largest gold consumer last year, but Indians are still desperate to find ways around their government’s strict import tariffs on the yellow metal.

It’s no surprise that Indian gold smuggling has skyrocketed in the past year, but here is one of the most unusual stories we’ve yet heard. An Indian man had twelve gold bars surgically removed from his stomach this past week. It gives a whole new meaning to the old phrase, “You can’t eat money!” If only Americans were this committed to their gold consumption…

Read the Full Article Here

gold in stomach cnn

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A Crisis vs THE Crisis

In a new commentary from Casey Research, Laurynas Vegys looks at how the crises in Syria and Ukraine affected the price of gold. Vegys then argues that the most concerning crisis isn’t overseas – it’s the unprecedented levels of US government debt. Sure, gold may respond to volatile international conflicts, but true disaster awaits those Americans who are over-invested in the US dollar.

“This ever-growing mountain—volcano—of government debt is long-term, systemic, and extremely difficult to alter trend. Unlike the crises in Ukraine and Syria (at least, so far), it’s here to stay for the foreseeable future. While some investors have grown accustomed to this government-created phenomenon and no longer regard it as dangerous as outright military conflict, make no mistake—in the mid- to long-term, it’s just as dangerous to your wealth and standard of living.”

Read the Full Piece Here

GoldandUkranianCrisisJanuarytoApril2014new

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Translating Yellen’s Doublespeak (Video)

Last week, Janet Yellen gave her first monetary policy speech as Chair of the Federal Reserve. In this hour-long segment from The Peter Schiff Show, Peter goes into detail dissecting both her speech and follow-up Q&A session.

“When Janet Yellen talks, everybody on Wall Street listens, although I don’t know why. I can’t think of a less relevant opinion of what’s actually going to happen with the US economy than Janet Yellen’s… Janet Yellen’s opinion only counts to the extent that she controls the Fed. And so she will make policy based upon her opinion of what the economy is going to do. But her opinion of what the economy is going to do is no more valid than anybody’s.”

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Today’s Key Gold Headlines – 4/21/14

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The Government’s Campaign of Deflation Fear (Audio)

Chris Waltzek interviewed Peter Schiff on Goldseek Radio yesterday. They talked about the ridiculous government propaganda that deflation is bad for the economy, as well as the prospects for gold in 2014.

“Everybody wants to talk about how last year was the worst year for gold in twenty or thirty years and that this is just a dead cat bounce. The only reason that gold sold off so hard in the second half of 2013 was because so many people jumped to the wrong conclusion at the same time. The Fed said that they were going to end QE and a bunch of people believed it.”

Listen to the Interview Here

goldseek radio

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Today’s Key Gold Headlines – 4/18/14

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How to Safely Vault Gold & Silver Bullion (Audio)

Last week, Peter interviewed Rob Coleman on The Peter Schiff Show. Coleman is the owner of Gold Silver Vault, LLC. Gold Silver Vault inspects, securely vaults, and internally transfers precious metals. Located in Idaho, it is one of the only facilities in the United States that is not regulated by state or Federal governments. Peter and Rob discussed all the ins and outs of safely storing your precious metals, from insurance to concerns over government confiscation.

“The government doesn’t like people who own gold… We’re trying to get out of paper into real money. They don’t like that. They don’t want anybody escaping from the monetary system that they are perpetrating. They don’t want anybody to protect themselves against inflation. They’re counting on people to be victimized by inflation. When the government steals through inflation, they can only steal from you if you’re holding the currency that they’re inflating. If anybody is in gold and silver, you’re avoiding the inflation tax, and we know the government hates it when people avoid paying taxes.”

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Today’s Key Gold Headlines – 4/17/14

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