Category Archives: The Mine or the Shaft

For now, everything looks wonderful and coming-up-roses for a good many top-tier and upper-middle class folks. Just wait. The other shoe’s fixin’ to fall. The American economy today presents a glittering facade: stock indexes shattering records under the current administration, … Continue reading →

We are all concerned about the many problems we face today: inflation, affordability, a world at war, the list goes on. That will all be irrelevant if the United States goes bankrupt. Make no mistake, that is where we are … Continue reading →

The U.S. government added $1.2 trillion to the national debt over the past six months, borrowing $163 billion during March alone, the Congressional Budget Office reports. At the current rate of borrowing, federal deficits are on track to top $2 … Continue reading →

Tariffs rarely appear on a grocery receipt or electronics price tag, but economists say American households are increasingly paying for them anyway. A growing body of research from federal budget analysts and university economists suggests that the current U.S. tariff … Continue reading →

The problem with an increasing debt burden is that it costs more to maintain it: This is precisely the issue with which the U.S. Treasury is wrangling at present. As total U.S. national debt ticks over $39 trillion, the interest … Continue reading →

Silver Outshines Gold: Prices Surge 6% to $77 The ceasefire agreement between the U.S. and Iran propelled gold and silver prices to nearly two-week highs. Silver outperformed gold, with spot prices surging over 6% to $77.64 per ounce, while gold … Continue reading →

Trump Officials Prepping for ‘Nightmare Scenario’ Where Oil Hits $150-a-Barrel – and Unleashes More Pain at the Gas Pump White House officials are bracing for oil prices to surge past the $150-a-barrel mark as the Iran war stretches into its … Continue reading →

George Washington handed Alexander Hamilton an impossible task in September 1789. America owed about $75 million in debt from the Revolutionary War. Individual states had already defaulted. Foreign creditors considered the new country a total joke. And domestic bondholders at … Continue reading →

The U.S. government has been declared insolvent by the Treasury Department, according to its consolidated financial statements for fiscal year 2025. The report shows total assets of $6.06 trillion against liabilities of $47.78 trillion as of September 30, 2025, a … Continue reading →

The National Debt Isn’t $39 Trillion. One Economist Says It’s Actually $100 Trillion The U.S. national debt is nearly $39 trillion. One of the country’s top fiscal economists says the real number is closer to $100 trillion — and that … Continue reading →