Category Archives: The Mine or the Shaft

The United States has become the world’s ATM. Any war or crisis that might break out somewhere on the planet automatically triggers the USA to begin spitting out as much money as necessary to deal with the problem. Other countries … Continue reading →

Despite the fact that our politicians in Washington have been borrowing and spending trillions of dollars that we do not have in a desperate attempt to prop up the economy, living paycheck to paycheck has become a permanent lifestyle for … Continue reading →

The threat of hyperinflation has haunted fiat money economies throughout history. Although past empires crumbled under the weight of unrestrained money printing, modern bankers at the Federal Reserve assure us that today’s financial system is immune to such a fate. … Continue reading →

It’s hard to deny the safe-haven trade that has propelled gold prices back to $2,000 an ounce. The chaos in the Middle East caused by the Israel-Hamas war is providing solid momentum for gold, but there is more going on … Continue reading →

…and it broke $2,000 on Friday afternoon! Investors and traders need to keep an eye on gold’s $2,000 an ounce level next week as the market navigates further volatility created by the Federal Reserve’s expected hawkish higher-for-longer monetary policy stance, … Continue reading →

I write a lot about the national debt – And most people don’t care… That’s because there’s a widespread belief that the dollar is invincible. It isn’t.

Current economic indicators provide a mixed picture. On one hand, the country has experienced robust GDP growth, signaling a strong economy. The labor market remains tight with historically low unemployment rates, and job gains continue to be impressive. However, a … Continue reading →

History Suggests This Spells Trouble for Stocks. We’re witnessing history: the first meaningful decline in U.S. money supply in 90 years. Volatility has been the name of the game on Wall Street since this decade began. Since 2020, the iconic … Continue reading →

If you’re going to go out, you might as well go out in style. Our national debt stood at $31,467,639,287,894.39 at the start of June. It is now worth $33,476,530,987,617.43. That implies that in just three months, we have added … Continue reading →

History is starting to repeat itself. In 2008, bond prices crashed before stock prices did. Here in 2023, bond prices are crashing again. In fact, we are currently witnessing one of the greatest financial crashes in U.S. history at this … Continue reading →