Unless members of Congress intervene to prevent it, the food stamp program—also known as the Supplemental Nutrition Assistance Program (SNAP)—will be suspended beginning November 1. If the federal partial “shutdown” ends before then, the program will likely send out the usual billions of dollars to the nation’s 41 million recipients on […]
After many years of steady economic deterioration, a very dark cloud of economic pessimism hangs over our country. The cost of just about everything has been rising faster than paychecks have been, thousands of stores are closing all over the nation, and large corporations are conducting mass layoffs on a scale that […]
Both sides will announce a win. But no key issues will be resolved. Fundamental Issues Unresolved Bloomberg reports US-China Trade Truce Leaves Fundamental Issues Unresolved Three Key Takeaways US-China Trade Deal Issues Fundamentals Not Changed “Both sides now seem to be focused primarily on stability,” Daniel Kritenbrink, partner at The Asia Group […]
People all over social media are publicly threatening to steal food once their EBT benefits run out. Some of them are taking it one step further by threatening to get violent with anyone that tries to prevent them from stealing food. So what is our country going to look like […]
There are 42 million Americans at risk of losing access to SNAP food stamp benefits due to the prolonged government shutdown. The U.S. Department of Agriculture (USDA) does not have the ability to continue funding the program and funds will run dry on November 1. It is more alarming that […]
The Trump administration is going to revalue gold some time in 2026. This is not conspiracy theory; the actual legislation is already in Congress as part of the Bitcoin Act. Specifically, Section 9 of the Act explicitly outlines that the Treasury is going to revalue the Fed’s gold holdings (currently […]
Gold has quietly overtaken the euro to become the second-largest component of global foreign exchange reserves. While the US dollar and US Treasuries still dominate, their share has been steadily shrinking as gold’s role expands. Central banks now hold gold at roughly 20% of their reserves, compared to the euro’s […]
Jerome Powell, the Fed’s chairman, recently gave the clearest signal yet that the Federal Reserve’s so-called “quantitative tightening” is about to end. Speaking at the National Association for Business Economics conference in Philadelphia recently, Powell said: “Our long-stated plan is to stop balance sheet runoff when reserves are somewhat above […]
Please buy my product, and I’ll use the money to buy yours. Flurry of Circular Deals The Wall Street Journal asks Is the Flurry of Circular AI Deals a Win-Win—or Sign of a Bubble? If this reminds you of circular investment in the dot-com era, it’s because it should. The Journal […]
Every time the US government has faced an existential financial crisis in its history, it has chosen to change the rules rather than honor its promises in full—usually by replacing gold or silver with paper. From the War of 1812 when interest payments were missed, to the Lincoln’s Greenbacks, to […]