US economy

Read our articles on US economy.

New Senate Bill Could Be the End of Financial Privacy

Since the financial crisis of 2008, many banking reforms have addressed the notion of “too big to fail.” Unfortunately, the laws and reforms touted as being to “protect” consumers, only infringe on our rights freedoms. These large entities such as banks and insurance companies are likely to draw up rules and regulations that will benefit […]

IRS Announces 2021 Retirement Plan Contribution Limits

Midas Gold Group does not act as a financial advisor or give financial planning advice. Certified Public Accountants provide tax advice and tax planning. Midas Gold Group is simply a gold specialist and recommends assets that are metal-based and can be held physically in a retirement account or held physically in an individual’s possession. The […]

Important New Developments in Gold

The US economy just posted its largest fiscal deficit on record according to Bloomberg. The budget shortfall more than tripled to $3.1 trillion, swelling the national debt to exceed the entire US economy. The deficit as a share of the economy surged to 16%, the largest since 1945. Gold hit an all-time high in August. […]

US Debt: The Ticking Timebomb

I found myself staring at the US Debt Clock site since Friday afternoon. It’s like watching a ticking debt time bomb. The issue of US debt has always been an occasional issue that is often spoken about in political circles. The issue of creating debt that our children will need to pay back is brought […]

The US Dollar just had the Worst Month in a Decade

Since the recent March high in the US dollar, the fiat currency has fallen consistently. The purchasing power of our dollar has dropped. Our dollar buys less today than it did a couple of months ago. All paper currencies have lost significant purchasing power over the past few decades. A simple example explains it all. […]

Recent Market Trends in Equities and Precious Metals

The last six months have been a real roller coaster ride for major markets. The economy is reeling and there is no real solution in sight. The economy and the markets are being held up by monetary expansion and global stimulus. It’s scary to think about what will happen when the stimulus and free money […]

Fed Has No Option but to Continue Printing Money

Many economists are still predicting a V-Shaped post Coronavirus shutdown. The rebounding stock market would seem to support the V-Shaped theory. However, others predict a real turnaround could take a decade. The drastic recovery in the stock market is not based on strong market fundamentals. The unemployment rate at nearly 20% is drastically higher even […]

Prepare for the Next Bank Collapse

Aside from the record-high unemployment rate and the growing number of failing small businesses, the biggest threat to the economy is on the balance sheets of the big banks. They didn’t learn their lesson from the 2008 crash and fell back to old, bad lending habits. Unfortunately, we saw many people lost a majority of […]

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