Author Archives: admin

7 Companies Declare Bankruptcy Over Weekend in 15-Year Record

At least seven companies declared bankruptcy in the last 48 hours, a reported 15-year record. Among the firms seeking Chapter 11 protection were digital media group Vice Media and — as reported here Monday (May 15) — private equity-backed healthcare … Continue reading

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IRS Should Rebuild Trust, NOT Expand Responsibilities

When Congress passed the Inflation Reduction Act (IRA), it allocated $80 billion to modernize the IRS after the agency had been historically underfunded by Republicans for decades. These funds will help the IRS target billionaires and large corporations that avoid … Continue reading

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What the debt ceiling standoff could mean for your retirement plans

President Biden is expected to meet with congressional leaders on Tuesday about the debt ceiling, with just about two weeks until the country could run out of money to pay its bills. Economists and administration officials have warned that a … Continue reading

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Dollar General in Deep Do-DO!

Dollar General’s troubles have snowballed into cluttered aisles and stores forced to close by fire marshals. Employees tell us what went wrong. It was Christmas in May in the back room of a Michigan Dollar General last year…

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Dead Weight Debt

Every penny dropped atop the national debt causes it to weigh ever more heavily upon the body politic until it crushes our liberty. Throughout medieval times until the early 18th century, one particularly excruciating European torture was peine forte et … Continue reading

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Why Americans Should Worry About the Dollar Losing Its Value

The U.S. dollar has been declining for several months, causing it to lose value and igniting fears that the country is heading for a recession. According to Charles Schwab, the dollar has fallen by about 8 percent to 10 percent … Continue reading

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Someone Buried Treasure and Never Returned — Discovered 1,000 Years Later

Perhaps carefully planning ahead or rushed in a moment of panic, someone in Viking-age Denmark buried their treasure and never returned. A volunteer stumbled upon the artifacts 1,000 years later. Jane Foged-Mønster went out with a metal detecting group to … Continue reading

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KING DOLLAR – END OF HIS REIGN

Nearly 12 years ago I penned a similar cartoon to this one. It featured the sad demise of ‘King Dollar’. The earlier cartoon showed the defeated old King Buck surrounded by his decaying kingdom. The forces of real money, gold … Continue reading

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The Oligarchy Is Audacious

“The reputation of economics and economists, never high, has been a victim of the crash of 2008. An even more serious criticism is that the economic policy debate that followed seems only to replay the similar debate after 1929. The … Continue reading

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Rise of the Petroyuan: The End Of The Petrodollar’s Reign And The Impact On Global Markets

Did you know that central banks bought more gold last year than any year in the past 55 years—since 1967? Though most don’t realize it, 1967 was a significant year in financial history, mainly due to the events at the … Continue reading

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