Category Archives: The Mine or the Shaft

You figure it out. Which will it be? Only time will tell!

The Key to a Sustainable Economy Is 5,000 Years Old

We are again reaching the point in the business cycle known as “peak debt,” when debts have compounded to the point that their cumulative total cannot be paid. Student debt, credit card debt, auto loans, business debt and sovereign debt … Continue reading

Posted in The Mine or the Shaft | Comments Off on The Key to a Sustainable Economy Is 5,000 Years Old

You may not have as much in your 401(k) for retirement as you think

This one number will help you more accurately plan for retirement — thanks to the Secure Act. A $100,000 or even $200,000 balance in a 401(k) plan might seem like a lofty amount of money — and it is — … Continue reading

Posted in The Mine or the Shaft | Comments Off on You may not have as much in your 401(k) for retirement as you think

What choice do we have???

One thing Trump (did NOT) brag about in his State of the Union… his plans to cut Social Security, Medicare and Medicaid His tax cut isn’t helping the economy, but it did blow a hole in the budget that he’d … Continue reading

Posted in The Mine or the Shaft | Comments Off on What choice do we have???

The Beatings Must Continue

Everything great in the world is done by neurotics; they alone founded our religions and created our masterpieces. ~ Marcel Proust I had a professor in college who always said, “It’s going to get a lot worse before it gets … Continue reading

Posted in The Mine or the Shaft | Comments Off on The Beatings Must Continue

The Fed Protects Gamblers at the Expense of the Economy

Although the repo market is little known to most people, it is a $1-trillion-a-day credit machine, in which not just banks but hedge funds and other “shadow banks” borrow to finance their trades. Under the Federal Reserve Act, the central … Continue reading

Posted in The Mine or the Shaft | Comments Off on The Fed Protects Gamblers at the Expense of the Economy

Advisors Still Can’t – and Won’t – Recommend Gold and Silver

NOTE: Recently we published a column which lay out the historical reality of own precious metals – chiefly gold and silver. Said column stated quite pointedly that, “The dollar has lost 98.2% of its purchasing power since 1900, while gold … Continue reading

Posted in The Mine or the Shaft | Comments Off on Advisors Still Can’t – and Won’t – Recommend Gold and Silver

Here’s how much it may cost to retire in each state in America

…and most of us don’t even have close to enough money saved We’re in a state of low savings. Depending on what state you choose to retire in, you could need anywhere from $666,000 to upward of $2 million saved. … Continue reading

Posted in The Mine or the Shaft | Comments Off on Here’s how much it may cost to retire in each state in America

Gold vs Cash in a Crisis

The dollar has lost 98.2% of its purchasing power since 1900, while gold has become almost 54 times more valuable. Mattress stuffers or bullion holders? Who fares better in a crisis? North American investors are divided between those who believe … Continue reading

Posted in Out of the Past, The Mine or the Shaft | Comments Off on Gold vs Cash in a Crisis