One economist is sounding the alarm on social security, warning that the money supply, which provides a cushion for those retired Americans, could dry up in a decade
One economist is sounding the alarm on social security, warning that the money supply, which provides a cushion for those retired Americans, could dry up in a decade. According to FlaglerLive, the retirement and disability program has been running a cash-flow deficit since 2010. Continue reading →
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Visitors from around the world come to the United States for healthcare because the U.S. has the best healthcare in the world, if you have money. Continue reading →
Posted inThe History of it All|Comments Off on Pfizer, Merck, Johnson & Johnson to Lose Billions to Trump’s Latest Executive Order
Fraud Costing U.S. Government Hundreds of Billions a Year as Crime Rings Use Stolen Identities
It’s the most popular f-word in Washington: fraud.
And DOGE — the Trump administration’s Department of Government Efficiency — has been tearing through federal agencies on the hunt for it.
But is DOGE looking in the right places?
The fraud we’ll tell you about tonight is complex, pervasive and being carried out by transnational criminal organizations often using stolen identities to target U.S. taxpayers – costing the government hundreds of billions of dollars a … (Continue to full article)
Millions of Drivers Will Be Forced to Pay Extra for Every Gallon of Gas in 2026 as Cost Jumps 75%
DRIVERS are being warned to brace for a brutal gas hike that could leave them shelling out more than $8 for every gallon.
A new report predicts a staggering 75% spike in prices by the end of 2026, hitting wallets across one state in particular.
The report centers on California, where the upcoming closure of two major oil refineries is expected to slash fuel production… (Continue to full article)
U.S. Economy Shows Signs of Trouble With 30 Percent Chance of Recession in 2025
A new forecast from Beacon Economics warns that the U.S. economy, though not currently in a recession, is showing signs of trouble, particularly as structural imbalances intensify.
Based in Los Angeles, the firm now places the chance of a recession in 2025 at 30%—its highest estimate since the pandemic, though still below the Wall Street Journal’s average of 45%.
Christopher Thornberg, founding partner at Beacon Economics, said the risks stem largely from mounting federal deficits and erratic policy shifts under President Trump’s second term. The report stresses that if the dollar weakens, interest rate hikes may follow, potentially triggering default-level fiscal instability… (Continue to full article)
‘Time Is Running Out‘: Ex-Trump Official Gives Grim Prediction of ‘Unnecessary Recession‘
If Trump isn’t careful, he’s going to open up the United States to an “unnecessary recession” very soon, according to a former Trump official
Trump thinks he has a handle on the trade wars the U.S. is fighting, but things will turn quickly, according to his previous white house communications chief.
Anthony Scaramucci, who previously said Trump was a grifter who “really wants to hurt people… (Continue to full article)
Trump to Unveil Medicare Drug Pricing Plan After Teasing “Earth-Shattering” Announcement
The big announcement that President Trump teased earlier this week in the Oval Office is a “most favored nation” plan to cut Medicare drug prices, sources told CBS News.
The Trump administration previously sought to implement the “most favored nation” idea during Mr. Trump’s first term, tying some high-cost Medicare drugs administered by health care providers to “the lowest price that drug manufacturers receive in other countries.”
Trump said in the Oval Office on Tuesday that in the coming days, he’d reveal “a truly earth-shattering and positive development for this country and for the people of this country… (Continue to full article)
“Gold, Mr. Bond.”
In Gold We Trust? Ex-Trump Economic Advisor Makes the Case for a Dollar Reset
Market uncertainty doesn’t phase Judy Shelton, the former Treasury Department lead advisor for the first Trump administration transition.
The monetary economist has taken a bullish stance when it comes to a “dependable” U.S. dollar and the rising price of gold – and offers a unique pitch to ensure their fiscal stability.
“I’m skeptical when people doubt the future of the dollar or the role of U.S. currency as a world’s dominant reserve currency. I think the dollar has a great future ahead of it.”… (Continue to full article)
America’s Trading Partners Have a Massive Bazooka in the Trade War. They May Never Use It
One of America’s closest allies recently raised eyebrows for threatening to fire off the ultimate financial weapon against Washington in trade talks: dumping US debt.
Japanese Finance Minister Katsunobu Kato, whose country is the biggest holder of US Treasuries, said on Friday that selling the assets is a “card on the table” in tariff negotiations
If the tariffs are fully implemented, the US will need to sell its future debt… at lower prices and higher yields.” “More tax cuts, instead of helping offset some of the negative effects of tariffs, will add to the debt at a time when it will become more costly to do so… (Continue to full article)
Hikers Find Gold Coins and Jewelry Worth $341,000 in an Overgrown Field – Could It Be Treasure Hidden From Invading Nazi Forces?
It seems it’s not just trail hazards and waymarkers you should keep your eyes peeled for on your hikes abroad: two walkers in the Czech Republic have made an incredible discovery while taking a short cut in a wooded area of the Podkrkonosí Mountains.
After spotting an aluminum can protruding from a stone wall they inspected closer, only to find it, and a metal box nearby, full of coins, ornate jewelry and cigarette cases – all made from precious metals..
The male hikers took the hoard, said to be worth more than $340,000, to the Museum of Eastern Bohemia in Hradec Králové where head of archaeology Miroslav Novak was staggered at the find… (Continue to full article)
Terrifying Social Security Warning Made by Economist Who Predicts Major Cuts
One economist is sounding the alarm on social security, warning that the money supply, which provides a cushion for those retired Americans, could dry up in a decade. According to FlaglerLive, the retirement and disability program has been running a cash-flow deficit since 2010.
While it currently sits at $2.7 trillion, Dennis W. Jansen has warned that the reserves are diminishing as the number of Americans getting benefits grows. According to Jansen, both of its trust funds would be completely drained by 2035… (Continue to full article)
Over the last several decades, the global economy has become more interconnected than ever, but now everything is changing. The flow of goods between the number one economic power on the planet and the number two economic power on the planet is absolutely imploding, and that is going to have enormous implications on both sides of the Pacific. I have written quite a bit about the dramatic decline of U.S. imports, but the numbers show that U.S. exports are falling precipitously as well.
According to CNBC, there has been a 51 percent decline in exports at the Port of Portland and a 28 percent decline in exports at the Port of Tacoma… Continue reading →
Posted inThe Mine or the Shaft|Comments Off on It Is Really Happening: The Numbers Show That U.S. Exports And U.S. Imports Are Both Collapsing Dramatically
For years, our economy and our financial markets have been artificially propped up. Since 2008, politicians in Washington have added about 26 trillion dollars to the national debt, and bureaucrats at the Fed have pumped trillions of freshly created dollars into the financial system. If we could go back and undo just those two things, we would be living an economic horror show right now. Continue reading →
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“When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”~ Frédéric Bastiat, French economist
March 1, 2020 ~ Let’s talk numbers, shall we?
The national debt (the amount the federal government has borrowed over the years and must pay back) is $23 trillion (NOW $36 TRILLION) and growing. Continue reading →
Posted inThe Mine or the Shaft|Comments Off on The Looming Financial Nightmare: So Much for Living the American Dream
Leftists deep down believe that all our earnings, like our children, belong to the government. In its beneficence, government gives some back, often with strings, instead of taking every dime.
November 2, 2021 ~ Remember when Democrats proposed in their multi-trillion spendathon that the IRS would track all transactions of $600 or more in personal bank accounts?
Well, they took a licking from the public, so they upped it to a still-absurd $10,000 in total yearly transactions. Continue reading →
The treasure trove is estimated to be worth over $340,000
It’s unclear how the treasure trove made it all the way to the Czech Republic. Credit: Museum of Eastern Bohemia
While the small aluminum can and iron box didn’t look like much at first, their contents stunned historians and two lucky hikers alike. The tourists initially stumbled across the containers during a hike in the Czech Republic’s Podkrkonosí Mountains earlier this year, but soon took their valuable findings to experts for evaluation. According to a recent assessment by experts at the Museum of Eastern Bohemia, the worth of the jewelry, artifacts, and nearly 600 gold coins inside the containers is estimated to be over $340,000. Continue reading →
Posted inLet's Get Physical|Comments Off on Hikers Discover Nearly 600 Gold Coins Dating Back To 1808
The value of a dollar shouldn’t require much math. If you have $1, you have $1, right?
Sort of! The dollar’s value fluctuates over time (inflation) and due to economic conditions (such as tariffs) based on how much you can purchase with that same dollar. Thus a dollar is really a measure of purchasing power. Continue reading →
Posted inThe Mine or the Shaft|Comments Off on What If the US Dollar Drops in Value by 50%?
I bought the exact same lunch items for my granddaughter this week – same store, same brands, no special sales last week. Total? Up $10 just a few days ago, from $35 to $45. No bulk buys, no extras, just the usual stuff. How does this even happen?
I know prices have been creeping up, but this feels wild. Are grocery stores just randomly adjusting prices now? Or am I just noticing it more? I used to track my budget loosely, but now I’m thinking I need a spreadsheet just to keep up. Continue reading →
Posted inThe Mine or the Shaft|Comments Off on My Grocery Bill Jumped Almost 30%… in a Week?!
~ 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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One economist is sounding the alarm on social security, warning that the money supply, which provides a cushion for those retired Americans, could dry up in a decade
Visitors from around the world come to the United States for healthcare because the U.S. has the best healthcare in the world, if you have money. 
Fraud Costing U.S. Government Hundreds of Billions a Year as Crime Rings Use Stolen Identities
Millions of Drivers Will Be Forced to Pay Extra for Every Gallon of Gas in 2026 as Cost Jumps 75% 
U.S. Economy Shows Signs of Trouble With 30 Percent Chance of Recession in 2025
‘
Trump to Unveil Medicare Drug Pricing Plan After Teasing “Earth-Shattering” Announcement 
America’s Trading Partners Have a Massive Bazooka in the Trade War. They May Never Use It
Hikers Find Gold Coins and Jewelry Worth $341,000 in an Overgrown Field – Could It Be Treasure Hidden From Invading Nazi Forces?
Terrifying Social Security Warning Made by Economist Who Predicts Major Cuts
Over the last several decades, the global economy has become more interconnected than ever, but now everything is changing. The flow of goods between the number one economic power on the planet and the number two economic power on the planet is absolutely imploding, and that is going to have enormous implications on both sides of the Pacific. I have written quite a bit about the dramatic decline of U.S. imports, but the numbers show that U.S. exports are falling precipitously as well.
For years, our economy and our financial markets have been artificially propped up. Since 2008, politicians in Washington have added about 26 trillion dollars to the national debt, and bureaucrats at the Fed have pumped trillions of freshly created dollars into the financial system. If we could go back and undo just those two things, we would be living an economic horror show right now. 
The value of a dollar shouldn’t require much math. If you have $1, you have $1, right?
I bought the exact same lunch items for my granddaughter this week – same store, same brands, no special sales last week. Total? Up $10 just a few days ago, from $35 to $45. No bulk buys, no extras, just the usual stuff. How does this even happen?
