Category Archives: The Mine or the Shaft

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

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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Concern for the U.S. Dollar

A word of advice to my fellow American: Be afraid. Be very, very afraid of the consequences of the soon-to-happen inevitable collapse of the American dollar as the benchmark international reserve currency. Given that very soon the Russian ruble (which … Continue reading

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DEATH OF THE DOLLAR

BRICS is an acronym for Brazil, Russia, India, China, and South Africa. They are countries that want to free themselves from the dollar-based US hegemony. The dollar may be the ‘world’s reserve currency,’ but chains are made to be broken. … Continue reading

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Bank Runs and Flight to Safety

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery. “Gold is unique among assets, in that it is not issued by any government or central bank, … Continue reading

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The POS continues to sell out the Nation!

IRS ‘is developing new Biden-backed algorithm that’ll see more white and Asian people targeted for tax audits to boost racial “equity” A conservative legal group is accusing the Biden administration of directing the Internal Revenue Service to audit more white … Continue reading

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