federal-reserve

Did you know that it has now been eight consecutive years without a formal United States federal budget. That means we’ve had eight consecutive years of debt ceiling increases, continued threats of government shut-downs and the back-and-forth blame resolutions to fund government.

As the stock markets all around the world are simultaneously crashing and warning signs continue to mount - Stefan Molyneux describes the latest news on the road to economic collapse.

Question 1: From a libertarian perspective, how would a stateless society benefit everyone as long as the profit motive exists? What could be the one unified aim that we could all agree on to move society forward?

Question 2: Do the Baby Boomers and Generation X owe it to the young to accept decreases in their government services in order to provide student debt relief for the young? Put more simply, given how much they have screwed us, don't they owe us?

As the financial markets plunge, many are desperately waiting to see if the Federal Reserve and Janet Yellen will decline to raise the Federal Funds Interest Rate from its current 0-0.25%. In light of the volatility shown by the Dow Jones Industrial Average and other economic indicators, Wall Street yearns for more quantitative easing in the form of QE4. | Peter Schiff and Stefan Molyneux discuss the latest news in the United States and global economy, including: the Chinese currency devaluation, fall of the Shanghai Stock Exchange Composite Index, mountains of debt, the Dollar compared to the Euro, the plunge in the price of Oil, Bernie Sanders popularity, Gold, Jon Stewart formerly of The Daily Show, minimum wage absurdity, the hatred of the rich and the economic future of the United States.

Last week, the Dow Jones Industrial Average fell more than 1,000 points, its worst weekly performance in approximately four years. On Monday, the index plunged by over 1,000 points early - and closed the day down 588 points. In terms of the number of points lost, Monday August 24th, 2015 was the eighth-worst single-day loss in the index’s history. Some analysis are blaming the China currency devaluation and the drop in the Shanghai Stock Exchange Composite Index – but what is really going on?

Is the United States economy recovering - or are we being lied to by the mainstream establishment? Why has Gold recently hit a five year low despite long term predictions of it's rise in value? Are the government statistics on inflation accurate? What does the future hold for the US Dollar? Why has the Dollar strengthened and how will this play out in the long term? What does Peter Schiff think about Donald Trump and his recent success in the Republican presidential primary? | Also Includes: China economic situation, the Shanghai Stock Exchange Composite Index collapse, Puerto Rico debt default, gold repatriation, physical vs. paper gold holdings, the student debt bubble, the new real estate bubble, more quantitative easing, interest rates and what happens if you raise the minimum wage to $70,000 per year. | Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold. | Schiff Gold: http://schiffgold.com | Schiff Radio: http://www.schiffradio.com |Euro Pacific Capital: http://www.europac.com

The Federal Reserve Bank of New York's underground vault supposedly holds 7,716 tons of gold bullion - most of it in trust for foreign nations, central banks and official international organizations. The United States Bullion Depository, known as Fort Knox, is a fortified vault located within the United States Army post of Fort Knox, Kentucky, and used to store a large portion of United States gold reserves. But how much gold is really in these massive vaults - and how easy is it to withdraw reserves? The European debt crisis caused the Federal Bank of Germany to bring home Germany's gold reserves - but it hasn't been very easy - leading to widespread speculation of monetary foul play by the United States.

When the price of oil falls dramatically - it is a sign that economic activity is really slowing down. Stefan Molyneux discusses the current state of the economy, the reliance on debt for immediate financial survival, the drop in the price of oil, the OPEC (Saudi Arabia, Iran, Iraq, and Venezuela) price battle against American oil producers, the economic proxy war, sword of Damocles commodity derivatives and how this will impact the average person.

Without government run central banks and inflationary currencies, engaging in war is much more difficult. Stefan Molyneux speaks about the potential of bitcoin and cryptocurrencies to end war and brainstorms on how it would be possible start a war in a bitcoin economy. Speech recorded on April 12th at the Toronto Bitcoin Expo 2014.

Stefan Molyneux and Jeffrey Tucker talk about what has made war possible, who profits from war, the role public education plays in modern war, unintended consequences and feeling the pain from the drug of debt.

Some facts about the Federal Reserve, and where to place it on the continuum between freedom and tyranny. Also, some analysis and statistics about the alleged child rapes at Penn State.

Some facts about the Federal Reserve, and where to place it on the continuum between freedom and tyranny. Also, some analysis and statistics about the alleged child rapes at Penn State.