Sierra Madre Precious Metals

“The servant carries out the master’s will. The servant doesn’t tell the master what to do. The servant does not choose which tasks to perform for the master, nor does the servant suggest days or times when it would be convenient to serve the master. The servant’s function is to follow instructions. The master, on the other hand, gives directions. The master does not tell the servant to develop a vision that will guide the master. The master is the one with the vision; the servant’s task is to help fulfill the master’s purposes. Continue reading →

President Joe Biden caved to Republicans and signaled that he could accept some reforms in a potential debt ceiling deal after months of refusing to negotiate any spending cuts or reforms.

White House and congressional staffers have wrangled over the details of a potential debt ceiling deal. Continue reading →

A man enters the New York Stock Exchange on Wall Street in New York City on Friday.
Angela Weiss/AFP via Getty Images

President Biden is expected to meet with congressional leaders on Tuesday about the debt ceiling, with just about two weeks until the country could run out of money to pay its bills.

Economists and administration officials have warned that a potential default on the national debt — for the first in U.S. history — would amount to financial disaster, wreaking havoc on the domestic economy and rattling global markets, too.

“Our economy would fall into a significant recession,” Biden told reporters last week. “It would devastate retirement accounts, increase borrowing cost. According to Moody’s, nearly 8 million Americans would lose their jobs. And our international reputation would be damaged in the extreme.” Continue reading →

Dollar General’s troubles have snowballed into cluttered aisles and stores forced to close by fire marshals.

Employees tell us what went wrong.

Dollar General stores, such as this one in Maryland, are overrun with unpacked merchandise sitting in aisles. Workers have said cuts to their hours are part of the problem. Alex Bitter/Insider

It was Christmas in May in the back room of a Michigan Dollar General last year… Continue reading →

Every penny dropped atop the national debt causes it to weigh ever more heavily upon the body politic until it crushes our liberty.

Throughout medieval times until the early 18th century, one particularly excruciating European torture was peine forte et dure (French for “hard and forceful punishment”). The prisoner was bound, spread-eagled, face-up on the ground. A board was laid upon their torso, and heavy iron and stones were placed upon them until they ultimately asphyxiated. It could take several days for a victim to succumb. Continue reading →

The U.S. dollar has been declining for several months, causing it to lose value and igniting fears that the country is heading for a recession.

According to Charles Schwab, the dollar has fallen by about 8 percent to 10 percent in both real and nominal terms since late last year.

Speculation that the dollar could lose its status as the world’s primary reserve currency comes from rumors that Communist China may move to use the yuan in commodity trades with several trading partners. Brazil and Argentina are also mulling over being a common currency worldwide. Continue reading →

Nearly 12 years ago I penned a similar cartoon to this one. It featured the sad demise of ‘King Dollar’. The earlier cartoon showed the defeated old King Buck surrounded by his decaying kingdom. The forces of real money, gold and silver, rode triumphantly on horses in the background. Continue reading →