from TruthNeverTold:
As The Wealthy Flock To The Major Cities On Both Coasts, Poverty And Suicide Soar In Rural Areas
by Michael Snyder, The Economic Collapse Blog:
America is increasingly becoming a divided nation. Those with money are flocking to the major cities on both coasts, while many of those that don’t are fleeing to rural areas. As a result, economic conditions can look vastly different depending on where you live. In large cities on the east and west coasts that have been heavily “gentrified”, it can seem like times have never been better. Alternatively, there are certain areas in rural America where it feels like we are in the midst of a horrifying economic depression that never seems to end. Some elitists derisively refer to the rural areas between the east and west coasts as “flyover country”, and they have little sympathy for the struggles of rural Americans. But those struggles are very real, and in this article you will see that poverty and suicide rates are soaring in non-urban parts of the country.
IGNORE AT YOUR PERIL: NEW DATA WARNS A RECESSION IS LOOMING!
by Mac Slavo, SHTF Plan:
While we don’t know the exact date that the recession will officially hit us nor do we know when the mainstream media will report the actual facts about the condition of the United States economy, we do know its decline is imminent. New data has come out that warns that the recession is not only imminent but could be right around the corner.
According to a report by Market Watch, you should “ignore this data at your peril.” According to Société Générale’s known bear Albert Edwards, who was schooling clients Thursday on an often-overlooked set of U.S. government numbers that reveal profits of all companies, including unlisted ones, published by the Bureau of Economic Analysis. Edwards says there is a recession right around the corner based on these data points released by the government.
America’s long-term challenge #3: destruction of the currency
by Simon Black, Sovereign Man:
On April 2, 1792, George Washington signed into law what’s commonly referred to as the Mint and Coinage Act.
It was one of the first major pieces of legislation in the young country’s history… and it was an important one, because it formally created the United States dollar.
Under the Act, the US dollar was defined as a particular amount of copper, silver, or gold. It wasn’t just a piece of paper.
A $10 “eagle” coin, for example, was 16.04 grams of pure gold, whereas a 1 cent coin was 17.1 grams of copper.
Eric Sprott discusses why there is truth in the “peak gold” theory
by Eric Sprott, Silver Seek:
It’s been a rough week in precious metals, and it seems fitting that we end on Friday the 13th. Eric returns to break it all down for you and find the bright spots in the clouds.
In this edition of the wrap-up, you’ll hear:
- The strange thing happening in the silver market
- Why there is truth in the “peak gold” theory
- How to make money in a tough market
On The Edge Of Disaster: 59 Percent Of Americans Are Living Paycheck To Paycheck
by Michael Snyder, End Of The American Dream:
Living on the edge, being dragged down by debt, and having little hope for the future is no way to live. But that is precisely where most Americans find themselves in 2019. Despite a supposedly “booming economy”, the middle class continues to shrink and most of the country is barely scraping by from month to month. In fact, a brand new survey that was just released by Charles Schwab discovered that 59 percent of all Americans are currently living paycheck to paycheck…
Crying Wolf – Keith Weiner (25/07/2018)
by Keith Weiner, Sprott Money:
Quantity Theory Revisited
The price of gold fell another ten bucks and that of silver another 28 cents. Perspective: if you’re waiting for the right moment to buy, the market is offering you a better deal than it did last week (literally, the price of gold is a 7.2% discount to the fundamental vs. 4.6% last week). If you wanted to sell, this wasn’t a good week to wait. Which is your intention, and why?
We have written many times that the quantity of dollars does not cause the price of gold to rise. Two weeks ago, we showed a graph of M2 overlaid with the gold price . While the price of gold has generally been rising over the long term, there are long periods of rising quantity of what most call money, with flat or falling gold price. How can this be? If an increase in the quantity of money does not make prices go up, what does?
