In India, gold's cultural value has always remained high, outweighing it's economic value. While the global economy slows and some countries like Cyprus consider selling bullion reserves to keep afloat, India has been importing the commodity in...
President Barack Obama discusses deficit reduction and spending cuts at a White House press conference. Searching for words to describe how your spending less than past generations can be difficult when you average $1.25 trillion annual deficits every year of your first term.
Rick Santelli explains the new Bill being put forward to track and audit all purchases of precious metals, in Obama's home state of Illinois. Santelli takes a walk down history lane, recalling various periods where the US government got involved with its citizens private store of wealth.
Peter Schiff explains why there is basically no way the US will be able to raise taxes to get out of debt. He believes default is coming. The only question is whether the US will do it honestly, by restructuring, or dishonestly through printing money or devaluation resulting in inflation.
The CPI is no longer a tool to accurately measure inflation, but an instrument of propaganda the government uses to hide accelerating inflation from the public and financial markets. Modest CPI increases over the past several years do not reflect an absence of inflation, but a design flaw in the index that fails to fully capture the magnitude of price increases.
The new stimulus package announced by Shinzo Abe looks set to add 5tn yen to Japanese government debt. The FT's Paul Davies asks Andrew Colquhoun, head of Asia-Pacific sovereigns at Fitch, whether the short term boost to the economy outweighs the cost and what the impact is likely to be on the bond market.
Bloomberg's Josh Barro and Joseph Weisenthal, Deputy Editor at Business Insider, discuss the idea of minting a trillion dollar platinum coin to reduce the United States' debt and the function of the debt ceiling.
You be the judge of who is more ridiculous. The proposed platinum $1 trillion dollar coin or these commentators.
In 2012 sovereign bond yields in Europe's core countries hit multi-century lows. The question on many global investors minds is: Will they stay low or will the periphery's rot start to infect the core in 2013? Justin Knight, head of European interest rate strategy at UBS discusses the eurozone bond outlook with capital markets correspondent Robin Wigglesworth, and analyses the impact of new bonds with collective action clauses, so-called CACs.
Schiff seems to enjoy a heated argument over the future of the USD as he predicts a currency crisis as early as 2013. He believes the US government will be forced to act responsibly only in reaction to a currency crisis. Schiff discusses emerging markets, specifically the south-east Asian markets and his investment approach moving forward.
Peter Schiff believes the real fiscal cliff involves a coming crisis for the USD. As the European financial crisis continues to stabilize for the short-term, the market's focus will shift to the USD. Obama will not finish his second term without a dollar crisis landing at his door.