Category Archives: The Mine or the Shaft

You figure it out. Which will it be? Only time will tell!

Fiscal Insanity: The Government Borrows $6 Billion a Day, and We’re Stuck with the Bill!

We’re not living the American dream. We’re living a financial nightmare. The U.S. government is funding its existence with a credit card. The government – and that includes the current administration – is spending money it doesn’t have on programs … Continue reading

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When does it end???

When a few mid-sized US banks suddenly went belly-up last month, the bond market made its feelings known — and with gusto. Two-year Treasury yields slid a percentage point over three days, the most since 1982. For traders accustomed to … Continue reading

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Jamie Dimon says the banking crisis is not over and will cause ‘repercussions for years to come

The stress on the financial sector caused by two bank failures in the United States last month is still a threat and should be addressed by a reimagining of the regulatory process, according to JPMorgan Chase CEO Jamie Dimon. “As … Continue reading

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More Than Half of Americans Wouldn’t Be Able To Afford Their Bills and Groceries If They Lost Their Job

What would be your immediate concern if you lost your job? In a GOBankingRates survey polling 1,002 Americans, more than half of overall Americans said they wouldn’t be able to afford their basic bills and groceries. Let’s take a look … Continue reading

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Banks Are in Turmoil but a Bigger Financial Crisis May Be Brewing Elsewhere

The International Monetary Fund warned this week of “vulnerabilities” among so-called non-bank financial institutions, saying global financial stability could hinge on their resilience. The Bank of England called attention to the same issue last month. And global investors surveyed by … Continue reading

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The Global Banking System Is Truly In Uncharted Territory…

– and They Are Making Up The Rules As They Go Along Fear is in the air. In recent days we have seen a level of panic that we have not witnessed since 2008, and in such an environment people … Continue reading

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Pride and Death

“The world would be better off if people tried to become better. And people would become better if they stopped trying to become better off. For when everybody tries to become better off, nobody is better off. But when everybody … Continue reading

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‘Most U.S. banks are technically near insolvency, and hundreds are already fully insolvent’

Bank-sector stress makes a stagflationary debt crisis more likely and potentially more severe Duration risk hammered Silicon Valley Bank and seems to have been lost on many bankers, fixed-income investors and bank regulators. In January 2022, when yields on U.S. … Continue reading

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US money supply falling at fastest rate since 1930’s

U.S. money supply is falling at its fastest rate since the 1930s, a red flag for the economy and financial markets. Money supply has now been shrinking year-on-year since December, an unprecedented development in modern times that should make investors … Continue reading

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Why Investors Need to Own Gold in This Banking Crisis

There is always more than one cockroach in the kitchen! The gold market will remain well supported and should eventually see a sustained break above $2,000 an ounce as the biggest banking crisis since the 2008 Great Financial Crisis is … Continue reading

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