The Silver Journal

Greece is nearing its final days of solvency. While the lifeline can be extended longer if additional bailout funds are gained, the end of government payments to Greek citizens and the collapse of the Greek banks could occur as soon … Continue reading →

This gallery contains 1 photo.

During April, the US added a paltry 115,000 non farm jobs. According to April’s Employment Situation Summary by the BLS, with the most common cited metric for unemployment (U-3) dropping from 8.2% to 8.1%, you would think that more Americans … Continue reading →

Inflation has taken the toll of Canada’s smallest denominated coin, the penny. Due to rising production costs and a now tiny purchasing power causing pennies to be a cumbersome burden to transactions, the Canadian penny has lost its place as … Continue reading →

In this video, Peter Schiff covers the following: The manufacturing number is nothing to be excited about. “We’re just coming off of a stimulus induced high and I think as it wears off, the hangover is going to be pretty … Continue reading →

The economic data that came out as of late has been dismal. Q1 GDP is a paltry 2.2%, housing continues to fall and is at the lowest post recession price levels yet, initial weekly jobless claims are again climbing near … Continue reading →

This gallery contains 1 photo.

With GDP coming in at an abysmal 2.2%, Peter Schiff sets the record straight on CBC with Rick Santelli. Highlights from Schiff include: Consumption was not a bright spot to the GDP report, it was a “dark part of it … Continue reading →

One of the most repeated reasons of why it’s impossible to return to a gold standard, the myth that there’s not enough gold, is simply that…a myth. The reason why it’s hard for many too see that there is enough … Continue reading →

Following a Q4 GDP of 3.0%, Q1 GDP comes in at a disappointing 2.2% on expectations of 2.5%. The speeding recovery that the mainstream media has been pumping is not here yet, it is not just around the corner, and … Continue reading →

Initial jobless claims rose 2,000 from last weeks initially reported 386,000 to 388,000, but dropped 1,000 from the last weeks revised 389,000 to 388,000. The upward revision in initial claims is a weekly tradition for the BLS, just so the … Continue reading →

There was little change in monetary policy the FOMC statement. The Federal Reserve did not commit to an additional QE program today and it stayed the course on the programs already in progress, namely ZIRP through 2014 and operation twist … Continue reading →