On the the next radio program: "Currency Wars - Rocket Fuel For Gold!" John Rubino and Michael Oliver and Michael Oliver are guests.
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Daily Digest 6/22 – Venezuela Closes Brazil Border, Georgians Receive Test Alert For ‘Radiological Hazard’

Economy Venezuela closes border with Brazil, Colombian crossings may be next (Sparky1) In a televised speech Thursday, Maduro announced the Brazil border closure and warned against trying to bring humanitarian supplies into Venezuela by force. “I ... [Read More]

What the Number Crunchers Get Wrong about the “Velocity of Money”

The idea of "velocity of circulation" arose from the quantity theory of money, which links changes in the quantity of money to changes in the general level of prices. This is set out in the equation of exchange. The basic elements are money, velocity ... [Read More]

The Lessons of Rome: Our Neofeudal Oligarchy

Our society has a legal structure of self-rule and ownership of capital, but in reality it is a Neofeudal Oligarchy.The Inheritance of Rome: Illuminating the Dark Ages 400-1000 is not an easy, breezy read; its length and detail are daunting.The ... [Read More]

Watch the movie “THE HOUSING BUBBLE” – NYC Premiere

Legendary investors Jim Rogers, Marc Faber, Doug Casey, and Peter Schiff star in the film alongside economists Joseph Salerno, Ron Paul, Robert Murphy, Jeff Herbener, Mark Thornton, Roger Garrison, and Patrick Barron.  Financial writers Jim ... [Read More]

Sanctions Make Russia Stronger And The Dollar Weaker

There is much I like about Donald Trump. His desire to protect American Sovereignty, to protect U.S. Borders and avoid foolish wars like those self-destructive events in Iraq, Libya and elsewhere, that have in fact made America weaker financially and ... [Read More]

Gold Gets a Boost. What’s Next for the Yellow Metal?

Gold Gets a Boost of Rocket Fuel From Negative Bond Yields. What's Next for the Yellow Metal? Ladies and gentlemen, we have liftoff! After breaking out of a five-year trading range this week, the price of gold surged above $1,400 an ounce for the ... [Read More]

Central Banks Aren’t Really In Control of Interest Rates

For most experts the central bank determines short-term interest rates by setting the target to the benchmark policy rate such as the federal funds rate in the US. Many economists are of the view that through the manipulation of short-term interest ... [Read More]

Financial Sector Paints A Clear Picture For Trading Profits

After the incredible week we’ve seen, with the Fed leaving rates unchanged and precious metals rocketing higher above their previous five-year highs, it’s time we pay attention to what’s happening in the financial sector and the US stock market ... [Read More]

Richard Cantillon As a Proto-Austrian

Dr. Mark Thornton, our in-house Cantillon expert, joins the Human Action Podcast to discuss the contributions of this important proto-Austrian thinker. Cantillon may well have written the first true economic treatise, one which lays out a ... [Read More]

The Alleged Absence of Depressions under Totalitarianism

[This article is excerpted from chapter 20 of Human Action: The Scholar's Edition and is read by Jeff Riggenbach.]   Many socialist authors emphasize that the recurrence of economic crises and business depressions is a phenomenon inherent in the ... [Read More]

People Keep Moving to the Low-Tax, Business Friendly States

By: José Niño ZeroHedge recently reported an interesting trend occurring in the United States. A U.S. Census Bureau map details some interesting patterns. Areas highlighted in purple, where the population is growing, are located in the West and ... [Read More]

Off The Cuff: Decoding This Week’s Fed Minutes

In this week’s Off The Cuff podcast, Chris and Axel Merk discuss: Decoding The Fed's Latest Commentary Cuts are coming = expect more bad news on the economy The Uncertainty Principle By reacting, the Fed may be creating the conditions it ... [Read More]

‘Somebody’ Finally Cares About Gold

Grant Williams pithily summed up the situation that has been plaguing gold since 2013: No One Cares. Yes, it’s highly likely that the price has been suppressed. But not enough buyers cared to fight the bullion bank/central bank cartel or make life ... [Read More]

The Supreme Court’s Dubious “Wall of Separation” between Church and State

The Supreme Court has just issued its American Legion vs. American Humanist Assn. ruling that a nearly century-old cross built to honor WWI dead in Bladensburg, Maryland, does not violate the Establishment Clause. Hot Air’s Allahpundit wrote that the ... [Read More]

Daily Digest 6/21 – Good News Friday: Renewables Winning Against Coal And Gas, Making ‘Plastic’ From Cactus Juice

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to dd@peakprosperity.com with subject header "Good News Friday." We will save and post weekly. ... [Read More]

The Zombie (Company) Apocalypse Is Here

One of the most significant economic developments since the Great Recession has been the zombification of the economy. A zombie company is a term introduced to the lexicon by an influential paper, Zombie Lending and Depressed Restructuring in ... [Read More]

Is Mexico Richer after NAFTA?

By: Roberto Ledezma In November a year will have passed since the renegotiation of NAFTA. Although this version has new guidelines, for the most part its main principle prevails: free trade is beneficial for both parties. This is true with or ... [Read More]

The Velocity of Circulation

[From Money, the Market, and the State, edited by Nicholas B. Beales and L. Aubrey Drewry, Jr., Athens: University of Georgia Press, 1968, pp. 35–44.] The quantity theory of money is very old. But it has been most influential in the last half century ... [Read More]

Drone Shot down, Gold and Oil Shoot Up

Maybe with all the monetary stimulus and other catalysts, oil and gold were just itching for a reason to go higher, but on Thursday morning oil convincingly launched higher on news that Iran shot down a US drone. Gold, which had rather mysteriously ... [Read More]

The Fed’s Casino Is Giving Away Free Gambling Chips (But Only to the Super-Rich)

The rest of us eat our losses, either all at once or in bitter bites as we trudge through the financial wasteland left after bubbles burst.The news that the Federal Reserve Casino is giving away free gambling chips triggered a frenzied rush that ... [Read More]