It Is Really Happening: The Numbers Show That U.S. Exports And U.S. Imports Are Both Collapsing Dramatically

Over the last several decades, the global economy has become more interconnected than ever, but now everything is changing. The flow of goods between the number one economic power on the planet and the number two economic power on the planet is absolutely imploding, and that is going to have enormous implications on both sides of the Pacific. I have written quite a bit about the dramatic decline of U.S. imports, but the numbers show that U.S. exports are falling precipitously as well.

According to CNBC, there has been a 51 percent decline in exports at the Port of Portland and a 28 percent decline in exports at the Port of Tacoma… Continue reading

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Snyder: 9 Signs That Conditions Are Ripe For A Major Economic Crisis In The United States

For years, our economy and our financial markets have been artificially propped up. Since 2008, politicians in Washington have added about 26 trillion dollars to the national debt, and bureaucrats at the Fed have pumped trillions of freshly created dollars into the financial system. If we could go back and undo just those two things, we would be living an economic horror show right now. Continue reading

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The Looming Financial Nightmare: So Much for Living the American Dream

“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.” ~ Frédéric Bastiat, French economist

March 1, 2020 ~ Let’s talk numbers, shall we?

The national debt (the amount the federal government has borrowed over the years and must pay back) is $23 trillion (NOW $36 TRILLION) and growing. Continue reading

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The Lure of Plunder

Leftists deep down believe that all our earnings, like our children, belong to the government. In its beneficence, government gives some back, often with strings, instead of taking every dime.

November 2, 2021 ~ Remember when Democrats proposed in their multi-trillion spendathon that the IRS would track all transactions of $600 or more in personal bank accounts?

Well, they took a licking from the public, so they upped it to a still-absurd $10,000 in total yearly transactions. Continue reading

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Hikers Discover Nearly 600 Gold Coins Dating Back To 1808

The treasure trove is estimated to be worth over $340,000

It’s unclear how the treasure trove made it all the way to the Czech Republic. Credit: Museum of Eastern Bohemia

While the small aluminum can and iron box didn’t look like much at first, their contents stunned historians and two lucky hikers alike. The tourists initially stumbled across the containers during a hike in the Czech Republic’s Podkrkonosí Mountains earlier this year, but soon took their valuable findings to experts for evaluation. According to a recent assessment by experts at the Museum of Eastern Bohemia, the worth of the jewelry, artifacts, and nearly 600 gold coins inside the containers is estimated to be over $340,000. Continue reading

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What If the US Dollar Drops in Value by 50%?

The value of a dollar shouldn’t require much math. If you have $1, you have $1, right?

Sort of! The dollar’s value fluctuates over time (inflation) and due to economic conditions (such as tariffs) based on how much you can purchase with that same dollar. Thus a dollar is really a measure of purchasing power. Continue reading

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My Grocery Bill Jumped Almost 30%… in a Week?!

I bought the exact same lunch items for my granddaughter this week – same store, same brands, no special sales last week. Total? Up $10 just a few days ago, from $35 to $45. No bulk buys, no extras, just the usual stuff. How does this even happen?

I know prices have been creeping up, but this feels wild. Are grocery stores just randomly adjusting prices now? Or am I just noticing it more? I used to track my budget loosely, but now I’m thinking I need a spreadsheet just to keep up. Continue reading

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Snyder: “It Is A Full-Blown Crisis Already”: Farmers Cry Out For Help As Massive Financial Losses Pile Up And Demand For U.S. Agricultural Products Disappears

China is normally the largest export market for U.S. agricultural products. In a typical year, we sell tens of billions of dollars worth of agricultural products to the Chinese, but now that door has been slammed shut thanks to the extremely high tariffs that China has imposed on U.S. imports. If that door is not reopened very soon, farmers all over the nation will be facing financial ruin due to massive financial losses that are already piling up. This is not a crisis that may or may not arrive someday – THIS is a crisis that is already here!
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Silver’s Situation Is Complex but Prices Could Hit $40 by Summer – ‘$50 by Year-End’.

Silver has struggled to make meaningful gains despite gold’s sustained rally to fresh all-time highs. But while trade tariffs have muddied the waters and some correlations appear broken, some analysts still see the gray metal making big gains in the coming months. Continue reading

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Trump’s Inflationist Monetary Policy Favors Wall Street over Main Street

…in other words – the public is SCREWED!

The Trump administration has tried to cultivate a reputation for preferring “Main Street over Wall Street.” Unfortunately, this image is belied by the administration’s renewed push for artificially low interest rates and monetary inflation. By embracing these policies, Trump has put himself squarely in the camp of “Wall Street over Main Street.”

This is because a policy of monetary inflation and low interest rates favors wealthy owners of assets while imposing higher prices and fewer income gains on people of more modest means. The Trump policies of inflation and low interest rates fuels levels of inequality far greater than would exist under relatively free market conditions. This is because the low-interest-rate policy increases disposable income far more rapidly for people at higher income levels than it does for people at lower income levels. Continue reading

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