Economic News

Australia’s Perth Mint, trusted worldwide, has fully suspended all sales of silver products. Not a single coin or bar leaves the facility—effectively erasing one of the world’s key sources of new physical supply.

I am so glad that I am not a young adult looking for a job in this very difficult economic environment. Every month, federal bureaucrats tell us that the unemployment rate in this country is low, but at this point everyone knows that the numbers that they…

What in the world has happened to us? When I was growing up, it was assumed that pretty much everyone in my generation would be able to achieve the American Dream. But today most of the U.S. population is not living the American Dream, and more people are…

Do you feel knots in your stomach due to financial stress? If so, you certainly have lots of company. All of a sudden, everyone is talking about the cost of living and prices are rising by double-digit percentages all around us. There are so many people o…

Have you noticed that virtually all of our major cities are poorly run? I believe that the condition of our largest metropolitan areas is a warning. If we don’t straighten up, the entire country will soon resemble our core urban areas. Thankfully, there…

Are you old enough to remember when you could buy a really nice house for less than $50,000? Today, the average price of a home in the United States is more than half a million dollars. Of course everything else has become dramatically more expensive as w…

If everything is going to be just fine, why are thousands of stores closing all over the country? So far this year, the total amount of retail space that has been permanently closed has surpassed 120 million square feet. We have never seen anything like t…

If you recently graduated from college, good luck trying to find a decent job. What we are experiencing right now reminds me so much of the early 1990s. If you were a new college graduate in those days, it was extremely difficult to even get an interview …

Did you know that U.S. households are carrying $1.18 trillion in credit card debt? Considering the fact that the average rate of interest on credit card balances is now over 20 percent, that is not good news at all. Sadly, most of the country is just bare…

The U.S. dollar just keeps getting weaker and weaker, and that is a major problem because our current standard of living depends on having a strong dollar. When the U.S. dollar is strong relative to other national currencies, our paychecks stretch farther…

Why are thousands of Walmart workers suddenly “vanishing” all over the nation? And why are vast numbers of agricultural workers suddenly no longer showing up for work? What I am about to share with you is extremely alarming. During the “open border …

When you spend 30 trillion dollars that you do not have, it is easy to create an illusion of prosperity. In 1995, the nation was obsessed with the O.J. Simpson trial, “Toy Story” was the biggest movie of the year, the Sony Playstation made its debut i…

I am so tired of hearing that “everything is fine” when everything is most certainly not fine. Every day, I hear from people that are really suffering in this harsh economic environment. Some can’t find work, others are stressed out of their minds b…

Do you ever feel like you are “functionally unemployed”? If so, you are definitely not alone. There are lots of people out there that cannot pay the bills each month even though they have jobs. In fact, there are lots of people out there that literall…

This will be happening via online accounts dubbed, “My Social Security” and the digital card. This is considered by some observers as “the first step” toward the digital ID – or, by those opposed to such massive centralization of personal data, …

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 dollar…

The president of the United States just threatened to end all trade with China if the Chinese do not stop buying oil from Iran. I realize that this sounds like something that Hollywood would dream up, but this isn’t a plot from an episode of your favori…