by Michael In recent weeks there have been numerous high profile bank “glitches”, accounts are being shut down without warning at a staggering rate all over the nation, and more institutions continue to get into very […]
by Michael Despite the fact that our politicians in Washington have been borrowing and spending trillions of dollars that we do not have in a desperate attempt to prop up the economy, living paycheck to paycheck […]
by Michael The only way that we can continue to have cheap food is if we have cheap energy. We use energy to grow our food, to harvest our food, to produce our food and to […]
by Michael I know that there is a lot going on in the world right now, but I just had to write about what is happening to our banks. High interest rates and chaos in the […]
So it begins. As we’ve seen in the Big Short movie/book, the timing of financial implosions is always difficult to predict, but the inevitable outcome of loaning money to people who can’t or won’t pay […]
by Michael If you are going to go out, you might as well do it with a bang. At the beginning of June, our national debt was sitting at $31,467,639,287,894.39. Today, it has risen to $33,442,148,619,617.43. […]
by Michael If you are looking to buy a home right now, I feel so sorry for you. The other day when I wrote that “life in America has never been more unaffordable than it is right […]
“U.S. Banks are facing some $600 billion of unrealized losses, roughly 25% of total banking capital, near the highest levels in history.” – Automatic Earth The U.S. banking system and likely, the global banking system, is […]
by Michael During the summer, many of the experts repeatedly assured us that the U.S. economy would be able to avoid a recession, but now reality is setting in. Credit conditions continue to tighten, home sales […]
Dennis Miller Push The Handle, Raise The Chain, There Goes The Dollar… Guest Post by Dennis Miller at Miller On The Money Since the 2008 bank bailouts, government spending, deficits and debt have hit historic proportions, […]
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