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Category Archives: The Mine or the Shaft
Zimbabwe Launches New Gold-Backed Currency – ZiG
Zimbabwe has introduced a new gold-backed currency called ZiG – the name stands for “Zimbabwe Gold“. It is the latest attempt to stabilise an economy that has lurched from crisis to crisis for the past 25 years.
US ‘Debt Bomb’ Spirals Towards $35 TRILLION’
Hedge Fund Boss Warns Politicians Are Spending ‘AT THE EXPENSE OF FUTURE GENERATIONS‘ Hedge fund billionaire Ken Griffin has warned that the ‘surging’ US national debt is a ‘growing concern that cannot be overlooked.’ Griffin, who founded and runs Miami-based … Continue reading
A Million Simulations Show US Debt Is on An ‘UNSUSTAINABLE’ Path
The U.S. is almost certainly on an unsustainable path with regard to the astronomic rise in its national debt, according to a million simulations run by Bloomberg. Bloomberg reported Tuesday that it conducted a million simulations on the U.S. debt … Continue reading
Why Saudi Arabia’s Futuristic City Is a Sign of Major Inflation to Come
This is critical information if you want to understand the trajectory of inflation. I’ve been talking about this for a long time: higher oil prices are inflationary. And I think 2024 will be the year that people finally start to … Continue reading
America’s Fiscal Collapse Accelerates
In case you thought anybody in Washington was driving this thing, they are not. It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had … Continue reading
The Senate Calls Out-of-Control Spending a National Security Threat… Keeps Spending Anyway
Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill. In … Continue reading
Utah Formally Empowers State Treasurer to Protect State Funds With Gold and Silver
Utah Governor Spencer Cox has signed legislation explicitly empowering the state treasurer to protect state funds with an allocation to physical gold and silver. Sponsored by Rep. Ken Ivory, House Bill 348 permits – but does not require – the … Continue reading
Pawn Shop Inventories Are Exploding… as The Failing U.S. Economy Hammers Those At The Bottom Of The Economic Food Chain
How much longer will the Biden administration and the mainstream media continue to deny that we are in the midst of a very painful economic downturn? Debt levels have never been higher, delinquency rates are spiking, the commercial real estate … Continue reading
The Sinking US Economy Means a Weaker Dollar
The manufacturing and consumer confidence weaknesses of the United States are deeply concerning, particularly considering that all those allegedly infallible Keynesian policies are being applied intensely. Considering the insanity of deficit spending driven by entitlement programs, the decline in the … Continue reading
Illegal Immigrants Leave US Hospitals With Billions in UNPAID Bills
And just WHO do you think will pay the bills??? Hospital systems struggle as uninsured illegal immigrants use them as their free health care destination Tens of thousands of illegal immigrants are flooding into U.S. hospitals for treatment and leaving … Continue reading
