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Category Archives: The Mine or the Shaft
Dead Weight Debt
Every penny dropped atop the national debt causes it to weigh ever more heavily upon the body politic until it crushes our liberty. Throughout medieval times until the early 18th century, one particularly excruciating European torture was peine forte et … Continue reading
Why Americans Should Worry About the Dollar Losing Its Value
The U.S. dollar has been declining for several months, causing it to lose value and igniting fears that the country is heading for a recession. According to Charles Schwab, the dollar has fallen by about 8 percent to 10 percent … Continue reading
KING DOLLAR – END OF HIS REIGN
Nearly 12 years ago I penned a similar cartoon to this one. It featured the sad demise of ‘King Dollar’. The earlier cartoon showed the defeated old King Buck surrounded by his decaying kingdom. The forces of real money, gold … Continue reading
The Oligarchy Is Audacious
“The reputation of economics and economists, never high, has been a victim of the crash of 2008. An even more serious criticism is that the economic policy debate that followed seems only to replay the similar debate after 1929. The … Continue reading
Rise of the Petroyuan: The End Of The Petrodollar’s Reign And The Impact On Global Markets
Did you know that central banks bought more gold last year than any year in the past 55 years—since 1967? Though most don’t realize it, 1967 was a significant year in financial history, mainly due to the events at the … Continue reading
Average US Taxpayer Spent $1,087 on Pentagon Contractors in 2022
“The main message? Our government is continuing to invest too much in the military, and in militarized law enforcement, and not nearly enough on prevention, people, and our communities.”
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
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
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
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
