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Category Archives: The Mine or the Shaft
The Kiplinger Letter: U.S. Banks Closed 3,000 Branches Last Year
Banks are closing branches faster than they’re opening new ones. U.S. banks closed over 3,000 branches last year while opening just 1,000. JPMorgan Chase led in branch closures last year, shuttering 144 branches, while opening 133. The trend will likely … Continue reading
Life In America Has NEVER Been More Unaffordable Than It Is Right Now
Our standard of living is being systematically destroyed, but for a lot of years many Americans didn’t fully understand what was taking place because it was happening so slowly. But now we have reached a stage where the purchasing power … Continue reading
Are We Being Misled by Leading Indicators?
Leading Economic Indicators See Us on Cusp of Recession Yet Again By many of the most reliable leading indicators of the U.S. economy, we are long overdue for a recession. Yet the economy stubbornly refuses to cooperate. The Conference Board … Continue reading
The Way to Save the Dollar
As I read about the demise of the U.S. dollar’s status in world trade, I’m struck by the misdirection and irrational “thinking” employed by our politicians and bureaucrats. In this article, legislators think another law, rule or regulation will solve … Continue reading
The Middle Class Is Increasingly Becoming “The Impoverished Class”, And The Poor Are Increasingly Being Pushed Into The Streets
America’s middle class is being systematically eviscerated. When the Federal Reserve pumped trillions of dollars into the financial system during the pandemic, most Americans didn’t realize what that would do to them. That money certainly made the wealthy a whole … Continue reading
Welcome to the Twenty-First Century American Bankruptcy Show
Many historians labeled the twentieth century as the American century, with many metrics used. The end of the Cold War in 1989 and the fall of the Union of Soviet Socialist Republics in December 1991 changed world affairs: several new … Continue reading
What Happens If the Government Outspends Its Ability to Pay?
What it looks like when the financial walls close in… For “Ask an Economist” this week, I have two questions from J.R. He says, “My question is what happens when the government continues to spend out of control where it … Continue reading
The Fed: Harming the Economy for over a Century
Since its founding in 1913, the unelected central planning bureaucrats at the Federal Reserve have been given the incredible privilege of legally creating money out of thin air, which mere mortals like us are not allowed to do. They have … Continue reading
“He ain’t never done nothin’ but get shot in Dallas. . .”
When the first shot rang out at Dealey Plaza on November 22, 1963, most bystanders didn’t even realize that it was the sound of gunfire. But Texas Governor John Connally was an avid hunter. He recognized the sound, sensed danger, … Continue reading
Is the Almighty US Dollar About to Take a Fall?
August 23rd was a big news day all over the world. The western media’s focus on the events of that day was solidly on the unproven claims that Russian President Vladimir Putin was behind the sabotage or shooting down of … Continue reading
