February 9, 2019 ~ The economy has surpassed all normal ebbs and flows, corrections, by approximately five years, since on average in each past cycle it rose for 56 months before collapsing. We’re about four and a half years past that point and our economy is only now “cooling”. We’re just about due for another economic recession, if not a collapse that makes 2008 look small. We’re at the end of the line. ~ Justin O Smith
The U.S. spends almost a third of its revenue on interest payments alone, it doesn’t seem like it can afford to pay much more.
The national debt, ever on the rise, currently sits at around $22 trillion. Continue reading →
Posted inViewpoint|Comments Off on Smith: End of the Line
In recent days, we have read numerous articles about a possible agreement between the US administration and its main trading partners to devalue the US dollar. It has been named “The Mar-A-Lago Accord”, a concept inspired by the Plaza Accord of 1985, which aimed to devalue the US dollar to address trade imbalances. That plan failed. Continue reading →
Posted inViewpoint|Comments Off on Devaluing the US Dollar: How to Make America Poorer Again
April 14, 2013 ~ Did you know that the greatest period of economic growth in American history was during a time when there was absolutely no federal income tax? Between the end of the Civil War and 1913, there was an explosion of economic activity in the United States unlike anything ever seen before or since. Unfortunately, a federal income tax was instituted in 1913, and this year it turned 100 years old. But there was no fanfare, was there? There was no celebration because the federal income tax is universally hated. Sadly, most Americans just assume that there is no other option to an income tax. Most Americans just assume that it has always been with us and that it will always be with us. Continue reading →
“My fellow Americans, this is Liberation Day. April 2, 2025, will forever be remembered as the day American industry was reborn, the day America’s destiny was reclaimed, and the day that we began to Make America Wealthy Again.” ~ President Donald J. Trump
Times are still tough as we knew they would be. Trump and his people can’t turn the economy around all in one fell swoop in only a matter of a couple of months, but he’s off to a pretty darn good start, especially in regard to his energy policy and his new broad sweep tariffs in a take-no-prisoners fashion. Continue reading →
Posted inThe Mine or the Shaft|Comments Off on Smith: America’s Beating Economic Heart and Trade Tariffs!
All that you are about to read is Satire – or is it? It does a smashing job of properly describing the Global Economy. All has been stolen from a variety of web-postings. ~ Ed.
December 10, 2019 ~ Money is supposed to be representative of all the goods and services that the country has produced in an entire year. Continue reading →
August 18, 2015 ~ The cashless control grid may still be coming, but it is not going to replace cash anytime soon.
Though millions of people have started using digital devices to pay for goods and services, the appeal of physical cash is soaring, not fading away. Continue reading →
Posted inOut of The Past ~ The Archival Edition|Comments Off on “Enduring Appeal of Cold, Hard Cash”: Facing Crisis, Demand for Physical – NOT Digital Money
The time has come to quit jumping all over the place and care for the American People!
Boomers Face a ‘Devastating‘ Blow to Their Life Savings as More Tariff Pain Looms
Baby boomers will soon open their IRA statements and may damage their retirement funds.
Trump’s tariffs threaten further pain, finance professor Peter Ricchiuti told Business Insider. He said tariffs are “prosperity killers” that drag down stocks and the economy.
Many people could be left disappointed when they open their IRA statements in the coming days — and Trump’s “Liberation Day” tariffs threaten to make things even worse. The worst part of all this is that these economic wounds are self-inflicted… (Continue to full article)
Emperor Trump
Senate Budget Would Add More to the National Debt Than Any Other in History
The U.S. Senate is poised to pass a budget that could potentially add far and away more to the national debt than any legislation in history.
Based on the details as we understand them, the estimate that this would allow twice as much additional borrowing as the House budget and double projected debt growth over the next decade and beyond to 134 percent of Gross Domestic Product (GDP) by 2034 and 211 percent by 2055… (Continue to full article)
Elon Musk Confirms Widespread Voter Fraud as Millions of Non-Citizens Get Access to Social Security, Medicaid, and the Ballot Box
Billionaire entrepreneur and Trump advisor Elon Musk dropped a bombshell this weekend during a fiery 100-minute town hall in Green Bay, Wisconsin, where he campaigned for conservative judge Brad Schimel in the state’s upcoming Supreme Court election on Tuesday.
Joined by Antonio Gracias, a private equity titan and a key member of the Department of Government Efficiency (DOGE) team tasked with rooting out waste in the federal government, Musk unveiled a shocking chart: a dramatic spike in Social Security Numbers issued to non-citizens, soaring from 270,000 in 2021 to a mind-blowing 2.1 million in 2024.
That’s almost 5 million non-citizens now embedded in the system—collecting benefits, draining taxpayer dollars, and, most alarmingly, infiltrating the voter rolls… (Continue to full article)
DOGE’s Changes To Medicare And Social Security Will Hurt The Elderly And Those Who Care For Them
The tech industry has long had an obsession with youth. This is seen in how the industry conducts itself, who investors look to invest in, how people look at hiring in the world of startups, as well as which programs are being targeted by DOGE, and which ones aren’t, as they look to make the government more efficient. Over the last few months, the Department of Government Efficiency has aggressively looked for waste and fraud within the federal government.
It started with organizations that do not come to mind for the average American, like the United States Agency For International Development, or USAID, which focuses on deploying aid to foreign countries for a variety of efforts centered around health, disaster aid, and economic development.
DOGE came in like a wrecking ball to the organization, and as reported by ABC News in February, 4,080 employees worldwide were placed on leave and an additional 1,600 people were laid off… (Continue to full article)
‘There’s a War on Vets’: Dems Launch Plans to Counter Trump’s VA Moves
Angry over planned cuts at Veterans Affairs facilities and a lack of communication from department leaders about those moves, congressional Democrats are plotting confirmation holds , legislative obstruction and unofficial hearings in an attempt to create public outrage over the administration’s changes to veterans programs and benefits.
President Trump has already fired more veterans than any president in the history of the United States … and they have already told the country that [VA leaders] are going to lay off another 80,000 people at the VA… (Continue to full article)
Boom! Trump’s “Higher Than Expected” Tariffs Will Be An Epic Shock To Our Standard Of Living And To The Global Economy As A Whole
The global trade war is officially heating up. President Trump just unveiled a series of tariffs that were higher than expected, and business leaders all over the world are absolutely stunned.
For many of those that have made a killing importing goods into the United States, their businesses have now been ruined. For many of those that manufacture their goods right here in the United States, President Trump’s tariffs are very welcome news. The tariffs that Trump has just announced will go into effect right away, and stock futures are plunging as I write this article.
During the economic chaos that is ahead, there will be winners and there will be losers, but without a doubt, the global trade war that has now fully erupted will certainly be an enormous shock to the global economy…. (Continue to full article)
How Many Millions Of People Are Fraudulently Receiving Social Security Checks, And Why Is The Left Throwing A Massive Temper Tantrum About Revelations Of Fraud?
One of the biggest scandals in the history of our government is starting to be revealed, and the implications are enormous. According to the Social Security Administration more than 71 million Americans are receiving Social Security checks, and according to the Centers for Medicare & Medicaid Services more than 68 million Americans are enrolled in Medicare.
But the most recent census conducted by the U.S. Census Bureau found that there were only 55.8 million people that were age 65 or older living in the United States in 2020. Obviously, there is something seriously wrong with these numbers.
We should be so glad that Elon Musk and his team are looking for fraud in the system, because it appears that we are being ripped off on a massive scale…. (Continue to full article)
Trump Set to Whack US Working Class With Historic $2,000 Tax Hike
da Fingah
There is an old saying in Washington that if you want to understand politicians, look at what they do, not what they say. On that front there is no ambiguity. The Republican president is imposing big new taxes, and he is doing it in a way that does not require congressional approval.
The waiting is almost over, Donald Trump is about to hit America’s workers with the largest tax increase they have ever seen. Trump’s taxes on imports (tariffs) from Canada, Mexico, and China will cost people in the United States somewhere around $260 billion a year or around $2,000 a household… (Continue to full article)
…and the Beat goes on…
Posted inThe Mine or the Shaft|Comments Off on Hey Trump…When are you going to Cut the CRAP?
Since 1913, the US Dollar has lost more than 98% of its value, while gold has retained its value.
June 26, 2018 ~ For those among us who feel safe and secure – perhaps even a little smug – about the value of the U.S. dollar, convinced that a Venezuela-type crash of the currency could never happen in the United States, this article is sure to come as a shock. Gold Switzerlandrecently reported that in the two decades since 1999, the dollar has devalued against gold (real money) by over 80 percent. Continue reading →
~ Quotables ~ "There is no clean way to make a hundred million bucks. Somewhere along the line guys got pushed to the wall, nice little businesses got the ground cut out from under them. Decent people lost their jobs. Big money is big power, and big power gets used wrong. It's the system." ~ Raymond Chandler, The Long Goodbye
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