Dr. Ron Paul Stops By The Chris Stigall Show
https://chrisstigall.libsyn.com/stigall-shoots-his-mouth-off-part-2
https://chrisstigall.libsyn.com/stigall-shoots-his-mouth-off-part-2
Following Another Dow Plunge and All-Time Low Consumer Confidence, More Questions Than Ever Have Arisen About a Recession After a slight surge that showed a bit of promise, Dow stocks appear to be dropping again to record numbers, leaving many consumers worried that a recession could happen sooner rather than later. In the face of booming inflation that have left both home and gas prices sky high, the Dow Jones saw continuous losses for this … Read more
Even though it’s a little bit of a rise at the moment, the recent problems with the stock market have created a problem for some that have been wanting to live comfortably in retirement. A recent drop earlier this month has resulted in not only a beating on the bank accounts of Elon Musk and Jeff Bezos, but also average Americans. A report by CBS News suggests that trillions of dollars in value have been lost, leaving … Read more
Stagflation is dual suffering: Inflation plus high unemployment. Stagflation is a combination rarely seen in periods of high unemployment since people have less money to spend on goods and services. Therefore, prices are supposed to go down, not up. So, Stagflation is a little bit like bootstrapping and defying gravity. The last time we saw Stagflation was in the 1970s when inflation hit 13.3%, unemployment over 6%, and the Fed raised interest rates to 20% to slow … Read more
Fuel prices continue to soar to new heights, with no reported end in sight as the summer days begin. However, President Joe Biden has proposed a Federal Gas Tax Holiday that could provide relief…that is, if it passes. Biden noted, “Well, I hope I have a decision based on the data I’m looking for by the end of the week.” That means he still has yet to finalize the tax, which could provide relief on … Read more
One of the biggest stories this week revolves around the Federal Reserve and its attempt to halt the booming inflation in the United States by increasing the interest rate by 0.75 percent. But many are asking who exactly this is going to help. When the rate hike took place, Federal Reserve chairman Jerome Powell noted during a press conference, “It is essential that we bring inflation down if we are to have a sustained period … Read more
The Federal Reserve raised its interest rates by three-quarters of a percentage point – in an effort to fight back against inflation. But the question is, what kind of effect will it really have? Joel Griffith, an economic expert for the Heritage Foundation, explained to The Center Squad, “The Federal Reserve’s complicity in financing Congress’ outrageous spending spree of the past two years is largely to blame for the sky-high inflation, the new housing … Read more
As gas prices and other items continue to grow in the face of inflation, Bank of America has warned that the worst could be just around the corner. With annual inflation rising to a staggering 8.6 percent in May (the highest it’s been in over 40 years), Michael Harnett, who serves as chief investment strategist for the group, noted that the shock from said inflation is far from over. “We’re in technical recession but just … Read more
May 18, 2022 was a shocking day on the stock market, thanks to an unforeseen drop in the Dow Jones Industrial average. By the end of the day, the stock has dropped 1,165 points or around 3.57 percent. Gauged with other losses we’ve seen on the market, that currently stands as the 9th biggest drop in stock history, and one of the top ten Dow drops in terms of points. It’s also the largest deficit … Read more
Interview with Phillip Patrick of Birch Gold Group Phillip Patrick of Birch Gold Group is featured beginning at 1 minute and 19 seconds.
Inflation is rising faster than it has since 1982. The Labor Department says annualized inflation is at 6.8%, but that’s just what they are admitting. They conveniently leave things like food and gas out of the equation, claiming those categories are too volatile. Too volatile? Give me a break; what is not volatile these days. So the real question is: What is the true inflation rate? In this discussion, financial forecaster Phillip Patrick of Birch … Read more
Guest interview opportunity with Financial expert Phillip Patrick The House just passed Joe Biden’s socioeconomic spending bill, “Build Back Better.” However, critics say the Bill is a boondoggle that will worsen, not improve, the economy. One such critic is Phillip Patrick of Birch Gold Group, who predicts that the Bill could have a catastrophic impact on an already struggling economy if passed by the Senate. Q&A: What do you think the likelihood is for the … Read more