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  • RSS Free Talk Live

    • FTL Digest 2017-05-24
      Free Talk Live's Daily Digests feature highlights from our full-length seven-day-a-week live radio show, selected and edited by Riley Blake. Enjoying the digests? Please donate $5-10 per month to Riley via this link: https://www.patreon.com/crblake86 If you want to donate via bitcoin, you can do so at the following address: 1NytDNA14UcYsvzX5DHhzowGCqNou […]
    • Free Talk Live 2017-05-25
      Congressional candidate assaults a reporter :: Bitcoin wallets :: Cryptocurencies :: Objections to libertarian ideas :: Welfare and a libertarian society :: Obesity in Oklahoma City :: Scott the Bigot :: Social Security :: NFL, military and hero worship :: Corporate welfare :: Are women taking over the Military Industrial complex? :: Open Carry :: Bitcoin :: […]
    • FTL Digest 2017-05-23
      Free Talk Live's Daily Digests feature highlights from our full-length seven-day-a-week live radio show, selected and edited by Riley Blake. Enjoying the digests? Please donate $5-10 per month to Riley via this link: https://www.patreon.com/crblake86 If you want to donate via bitcoin, you can do so at the following address: 1NytDNA14UcYsvzX5DHhzowGCqNou […]
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  • RSS Schiff Radio

    • Fed Admits It Needs Evidence Q1 Weakness Was Transitory – Ep. 251
      Summary: The Fed is now indicating it needs evidence that  the Q1 weak economic data is transitory and not a trend.  This is interesting for 2 reasons.  The Fed’s narrative has always been to tout economic growth even in the face of flimsy or no supporting data.  Now the Fed is actually admitting there is […] The post Fed Admits It Needs Evidence Q1 Weakness […]
    • The Dollar’s Decline Is Only Just Getting Started – Ep. 250
      Summary:  The dollar’s decline really started with the Fed’s too-little-too late rate hikes.  The rally of 2014 – 2015 was fueled by expectations of more aggressive Fed monetary policy that did not materialize. We’ve been trending sideways since then with the exception of an upward spike after the Trump victory.  Now, as much of the […] The post The Dollar’s […]
    • Will Republicans Dump Trump for Pence? – Ep. 249
      Summary: Republicans face chaos around Trump’s political difficulties, causing some to consider potential advantages of a President Pence.  Market volatility has not yet brought the DJIA below pre-Trump numbers while the dollar index slides and gold moves up. Meanwhile, household debt is higher than 2008 levels even as fewer Americans own homes. It looks lik […]
    • Fed And Markets Excuse Retail Bloodbath – Ep. 248
      Summary: The retail sector is in worse shape today than it was in 2008 during and immediately following the financial crisis. Retailing has been responsible for 10% of the jobs gained during this so-called recovery. Clearly part of the problem is the increase in minimum wage.  Why are retailers adding so many jobs when their […] The post Fed And Markets Excu […]
    • Fantasy Trumps Reality – Ep. 247
      Summary: Trump fantasy persists in the face of weakening economic data, health care and tax reform uncertainty. The reality is that the damage done to the economy will not right itself just because Trump has been elected and we are in for a wild ride whether or not President Trump decides to do the right […] The post Fantasy Trumps Reality – Ep. 247 appeared […]

Peter Schiff calls out NIA (National Inflation Association) as pump and dump scammers

Just recently on Peter Schiff’s radio show, Peter called out NIA (National Inflation Association) as a pump-and-dump scam and this has caused a bit of a controversy in the liberty movement.  NIA (which can be found at Inflation.us) puts out some great documentary videos and newsletters warning people about hyperinflation and promoting a lot of the same Austrian economics that Peter Schiff does.  However, a day or two after NIA puts out one of their newsletters or videos, they will typically send out some mining stock recommendations afterwards, preying on the libertarian folks who’d be interested in these types of investments.  These stock recommendations tend to be for illiquid, junior mining stocks and once the NIA newsletters go out, their trade volumes spike up the next day.  Schiff knows a bad mining stock when he sees one, and has claimed that the owners of NIA are getting paid to promote these speculative stocks in their pump and dump scam.  But what pisses Schiff off most is that they are using his rhetoric to defraud perfectly good people who are not savy stock market traders.  In addition, if anyone has heard of Jonathan Lebed (the 15 year old who was arrested by the SEC in 2000 after perfecting the dump and pump scam), I just discovered that he has been working with NIA on their newsletters and documentaries.  As a subscriber to both Peter Schiff and the NIA newsletters, I found this revelation quite eye-opening (despite some creeping suspicions about the NIA in the back of my head).  If any of you are also subscribers to NIA, let this be a forewarning about their stock advice.  It’s sad because the NIA has a lot of good information, but unfortunately their owners do not have the best moral character.

As of today, I’m removing NIA from my recommended links.

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