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.
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.
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.
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…