Category Archives: The Mine or the Shaft

Fiat money benefits financial and political elites at the expense of working people whose standard of living is… According to numbers released by the US government, consumer prices have increased by 7.5 percent in the past year, the steepest increase … Continue reading →

Economic sanctions serve as a powerful foreign policy tool for the US government. But could this ultimately backfire on the US? Over the last several years, many countries have made a concerted effort to limit dependence on the US dollar. … Continue reading →

In the National Income and Product Accounts (NIPA), savings are established as the difference between disposable money income and monetary outlays. Disposable income is defined as the summation of all personal money income less tax payments to the government. Personal … Continue reading →

Modern currencies such as Bitcoin expect to find success in a more technological world, but a new currency known as Goldbacks might corner the post-apocalyptic currency market. In 2019, Goldback president Jeremy Cordon said he had a dream in which … Continue reading →

By now, anyone with half an inkling of curiosity about why prices and values don’t add up has traced the divide back to the money itself. It’s not hard to see. Asset prices, like houses and the major stock market … Continue reading →

What would our country look like if an epic market crash suddenly wiped out 35 trillion dollars in financial wealth? You may not want to think about something so horrible, but we are being warned that it could soon happen. … Continue reading →

This 31-year record provides ample support for the investment case for gold, in both… According to recently released data by the World Gold Council (WGC), as of September 2021, the total amount of gold held in reserves by central banks … Continue reading →

Federal Reserve Chairman Jerome Powell gave the market exactly what it wanted on Wednesday–although that might not be exactly what the economy needs. The Dow Jones Industrial Average was down about 44 points ahead of the Fed announcement; and ended … Continue reading →

Biden and Pelosi predict victory in ‘22, but voters blame them for rising prices. “We’re going to win in 2022,” Joe Biden promised the Democratic National Committee at its holiday party. “I wanna tell my Republican friends: Get ready, pal! … Continue reading →

We’re told by experts that the Fed is our number one inflation fighter, our protector against economic meltdown. Certainly, any person who cares about our country would accord it only the highest respect. But Preston Mathews wants to destroy the … Continue reading →