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~ 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
Morgana’s Treasure Chest
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Litchfield Park, AZ 85340
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Category Archives: The Mine or the Shaft
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
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
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
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
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
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
…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