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Category Archives: The Mine or the Shaft
Smith: The American Economy’s Final Hard Fall
As I look at the incredible numbers we see in our nation’s budget, it becomes readily apparent that this is a shipwreck looking for a reef to hit and unsustainable as all hell. It has to be in their plans … Continue reading
De-dollarisation: In Gold the World Will Trust
Global central banks on a cumulative basis have never sold gold between 2010 and 2022 The US dollar has been the de-facto world reserve currency for more than half a century, with no questions asked about the greenback’s exceptionalism. However, … Continue reading
The Coming Collapse of the Global Ponzi Scheme
It won’t be long before governments around the world, including the one in Washington – self-destruct. Strong words, but anything less would be naïve. As economist Herbert Stein once said, “If something cannot go on forever, it has a tendency … Continue reading
Is the Monopoly Board Game Like Real Markets?
It feels like a silly thing to say, but board games are not real life. Playing a few rounds of Operation does not make you a surgeon. Unlike in Battleship, real-world battleships do not sit still on a ten-by-ten grid.
Gold price outlook remains bullish but record highs pushed out to the end of Q1 2024
Growing optimism that the U.S. economy can avoid a severe recession even as the Federal Reserve maintains its hawkish bias continues to weigh on the gold market as prices trade near a six-month low. However, analysts at the Australian-based bank … Continue reading
Inflation Is a Giant “Skim” on the American People
The price of a McDonald’s hamburger in the United States has inflated 3.75 percent annually over the last seventy years. McDonald’s has grown from a tiny hamburger stand in Des Plaines, Illinois, to the second largest fast-food chain on earth. … Continue reading
Kroger and Mark Cuban join forces to spread the availability of low cost prescription drugs
The partnership could be bad news for pharmacy benefit managers Little by little, pharmacy benefit managers (PBMs) are getting their comeuppance and American consumers are getting their due when it comes to the cost of prescription drugs. Mark Cuban’s Cost … Continue reading
The Federal Debt Trap: Issues and Possible Solutions
“Rather than collecting taxes from the wealthy, the government is paying the wealthy to borrow their money.” ~ New York Times, July 7, 2023 Titled “America Is Living on Borrowed Money,” the editorial observes that over the next decade, according … Continue reading
The FREAK SHOW: Treasury Increases National Debt By Over $850 Billion in Just One Month
A month ago, the fake debt ceiling fight ended and Congress suspended the federal government’s borrowing limit for two years. Since the debt ceiling deal, the US Treasury has added a staggering $851 billion to the national debt. Within a … Continue reading
Recession? Calm Before The Financial Storm?
Is a recession coming? Is this the calm before the storm? JPMorgan Asset Management Global Head of Fixed Income Bob Michele said that today’s economic climate calls to mind the lull seen in the 2008 financial crisis. Michele, who manages … Continue reading







