Today, The Two Mikes spoke again with Gordon Oliver from the non-profit organization Cambridge Credit Counseling. Mr. Oliver said that the total of credit card debt is still above $1 trillion dollars and that interest on college loans began this month and payments for the loan will restart in November. The combination of both will be adding about...
(Natural News)—There is very little time that remains before the inevitable collapse of the current financial system, aka Ponzi scheme, commences, and the world as we currently know it comes to an end. What will it look like? Intelligence expert-turned-whistleblower Jeffrey Prather shared what he thinks is going to happen with the Health Ranger in a powerful episode of "The...
The gold market is currently trading in a neutral channel around $1,950, but it is well positioned to benefit when sentiment changes, which may happen sooner than expected. Despite expectations of a soft landing and the U.S. avoiding a recession, many analysts remain skeptical about achieving this optimistic goal. Gold's price action suggests that investors are taking a...
Editor's Commentary: It wasn't but a few years ago that economists judged central bank sentiment about precious metals on how much they sold. If they were selling less gold than normal, that was a sign that they were concerned about the markets. Today and for the last couple of years, central banks have been buying extreme levels of...
Today, The Two Mikes spoke with the renowned German author and economist Rainer Zitelmann about the troubled western economies, including that of the United States. Dr. Zitelmann said he had come to defend capitalism and to warn of the dangers that it currently faces. He said that in Europe and the United States capitalism is now seen...
The latest numbers are horrible, and they are going to get even worse if the Federal Reserve pushes interest rates even higher. We were warned that high rates would have an enormous negative impact on the economy, and that is precisely what has happened. Layoffs are way up so far this year, the commercial real estate market is...
As predicted in my book, “The China Crisis,” China’s economic structure is proving to be unsustainable. In my last post, I argued why the China Evergrande bankruptcy is not the end of the economic crisis in China but just the beginning. Knowing that such predictions have been made in the past by China observers, including yours truly, why should anyone...
If the American people have lost faith in almost all of our major institutions, how is our civilization going to survive? If any collective effort is going to work, people have to believe in that effort. That is true whether we are talking about a sports team, a business partnership, a romantic relationship or a nation as a...
Food and gas prices continue to rise, putting a strain on Americans’ budgets even as reports shows inflation is slowing. (Article cross-posted from The Center Square) Gas prices have risen significantly in recent weeks, according to pricing data from AAA. Gas prices hit a record high earlier in the Biden administration, surpassing an average of $5 per gallon...
Over the past few years, we have seen food prices in the United States and other wealthy countries do things that they have never done before. Unfortunately, this is just the beginning. Global food supplies are getting tighter, and meanwhile global demand for food just continues to increase. For decades, many among the elite were optimistic that someday...
