Peter SchiffFor years, the so-called economic experts — Ivy League economists, Federal Reserve chairmen, Treasury Secretaries, and media financial analysts — have been selling a bull market. Buy, buy, buy; spend, spend, spend; borrow, borrow, borrow. But the running of the bulls on Wall Street has now turned bloodier and uglier than the annual carnage on the streets of Pamplona.

President Bush and Henry PaulsonThe $700 billion bank bailout plan will use taxpayer money to purchase troubled assets. How does this stack up against the limited federal powers granted by the Constitution?

obamaIf the language in his first post-election press conference is any indication, Senator Barack Obama will be true to his profligate campaign promises. He pledged in that November 7 press conference a variety of vague new government initiatives that would appear to require massive new federal spending.

global moneyLost in all the Obama furor, the world's leading economic powers — the so-called G-20 nations — are quietly laying plans for a November 15th summit in Washington, D.C., that may effect a revolution in world finance and global governance, a revolution with potentially much greater long-term impact on America than anything on President-elect Obama's agenda.

The Panic of 2008 Torn Dollar

Thanks to Congress, the American taxpayer has been stuck with the bill for the bailout plan — but that is only the beginning. Where else could the Panic of 2008 take us?