Mike Maloney: How a 1963 Formula Quietly Broke the Economy

Gold Silver (w/ Mike Maloney), Released on 1/9/26

In this episode of the Gold Silver Show, Mike Maloney and Alan Hibbard break down a shocking argument: the official poverty line is based on a 1960s-era assumption that no longer reflects the reality of modern life. Using the original logic—but updating it for today’s spending patterns—the “real” poverty line for a family of four lands closer to ~$140,000.

We walk through:

  • Why the government’s poverty benchmark is built on a broken formula
  • The true “cost of existing” (housing, childcare, healthcare, transportation—no luxuries)
  • How the middle class gets squeezed between “too poor to pay” and “too rich for help”
  • The benefits cliff / “valley of death” that punishes families for earning more
  • Why CPI can mask the real damage—especially in housing and essentials

Michael Maloney is a precious metals investment expert and historian. He is the founder and owner of GoldSilver.com, a global leader in gold and silver sales/storage and one of the world’s most highly regarded investment education companies. He is author of the highest selling precious metals investment book of all time, Rich Dad’s Advisors: Guide to Investing In Gold and Silver. In addition, Mr. Maloney has been a precious metals investor advisor to “Rich Dad” founder Robert Kiyosaki. A student of economics, Mike is regarded as an expert on economic cycles and capitalizing on the opportunities they afford.

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