Saturday, April 10, 2021

This Economic Depression Has Left Very Deep Economic Scars All Over America

by Michael Snyder, The Economic Collapse Blog:

The last 12 months have been pure hell for the U.S. economy. According to Oxxford Information Technology, approximately 4 million U.S. businesses permanently closed their doors in 2020.  We have never seen that many businesses wiped out in such a short period of time in the entire history of our country.  Meanwhile, we have seen a tsunami of unemployment that has been absolutely unprecedented.  More than 70 million new claims for unemployment benefits have been filed during the pandemic, and the number of new claims each week continues to hover at a level that is about three times as high as we witnessed before the pandemic.  Currently, the Economic Policy Institute is telling us that “25 million American workers are either unemployed, underemployed or have pulled out of the workforce entirely”.  This economic depression has already been extremely painful, and many experts believe that a whole lot more economic pain is still on the horizon.

The essence of The Great Reset

by Jon Rappoport, No More Fake News:

Wikipedia: “John Dewey (October 20, 1859 – June 1, 1952) was an American philosopher, psychologist, and educational reformer whose ideas have been influential in education and social reform. He was one of the most prominent American scholars in the first half of the twentieth century…Dewey was one of the primary figures associated with the philosophy of pragmatism and is considered one of the fathers of functional psychology.”

Good evening, ladies and gentlemen and other genders. I am Field Marshal Hermann Mao Octavio Pinochet Dulles, Chairman of the Joint Philosopher’s Committee of the World Economic Forum, the Bilderberg Group, the Trilateral Commission, the CFR, and the CDC/WHO.

American Gold Eagle Bullion Coin Sales Hit 20-Year High in Q1

by Peter Schiff, Schiff Gold:

While gold prices have languished over the last few months, smart investors have taken advantage of the low prices and loaded up on physical gold.

For Q1, the US Mint reported its highest quarterly American Gold Eagle sales in more than 20 years.

According to its data, the US Mint sold 412,000 ounces of American Gold Eagles in varying denominations through the first quarter. It was an 88% increase over the first quarter of last year and the largest quarterly sales volume for American Eagles since Q3 1999.

Paradise Lost

by John Rubino, Dollar Collapse:

So a single political party gains control of a lockdown-battered country desperate for any and all forms of government spending. Direct payments, loan forgiveness, infrastructure, all of these and more are not just possible, but popular. The president and his Congressional allies simply write the bills, pass them, and bask in the near-universal admiration of their generosity. In fact, the only real criticism comes from their own party’s left wing, which demands even higher spending, bigger deficits, and faster money printing. It’s like being a kid in a candy store.

Demonetizing Precious Metals

by Serena, Survival Blog:

WHAT GOT US HERE:

In the coinage act of 1792, Congress in the United States declared the definition of our monetary units (The Dollar and the Eagle) and defined the character of each of these units with specified weights, measures, and the number of grains in silver or gold for each of these monetary units. They went on to declare the silver to gold ratio to be 15:1 which at the time was a worldwide standard. Should that balance not be declared and maintained the undervalued units would naturally migrate to other world economies. In the following 80 years, our economy had grown to include $7.55 billion almost equally divided between silver and gold.

HUNGARIAN CENTRAL BANK TRIPLES ITS RESERVES FROM 31 TONNES TO 94 TONNES OF GOLD

by Harvey Organ, Harvey Organ Blog:

GOLD CLOSED DOWN $1.25 TO $1740.70//SILVER ROSE 3 CENTS TO $25.18//GOLD TONNAGE AT THE COMEX ROSE SMARTLY UP 1 FULL TONNE TO 79.9 TONNES//SILVER HELD FIRM AT 14.210 MILLION OZ//MAY OPEN INTEREST FOR SILVER REFUSES TO CONTRACT AND REMAINS AT 116,000 CONTRACTS//CORONAVIRUS UPDATE/VACCINE UPDATE//HUNGARIAN CENTRAL BANK TRIPLES ITS RESERVES FROM 31 TONNES TO 94 TONNES OF GOLD//USA MULLING THE IDEA OF BOYCOTTING THE BEIJING OLYMPICS//RUSSIA VS UKRAINE UPDATES/YELLEN TO REVEAL HER $2.5 TAX RECLAMATION PLAN: SHE THREATENS TO WITHDRAW ACCOMODATION//HIGHEST EVER USA DEFICIT IN FEB AT $71.1 BILLION//ARCHEGOS UPDATES/SWAMP STORIES FOR YOU TONIGHT