Saturday, July 4, 2020

78 Percent Of Americans Are Living Paycheck To Paycheck – Including Many Government Workers Affected By The Shutdown

by Michael Snyder, The Economic Collapse Blog:

In just a few days, this will officially be the longest government shutdown in U.S. history, and there is no end in sight.  President Trump is pledging that he will not sign any spending bill unless it includes funding for a border wall, and the Democrats are promising their supporters that they will never agree to a single penny for a wall.  This could be the confrontation that ends up defining Trump’s presidency, and whoever backs down now is going to look incredibly weak.  But the longer this shutdown lasts, the more painful things are going to become for the hundreds of thousands of federal workers that are going without pay, and for the hundreds of thousands of workers that are employed by government contractors that rely on business from the federal government.

GOLD AND SILVER RISE ON DOVISH FED (DOVISH SPEECHES/DOVISH FOMC)

by Harvey Organ, Harvey Organ Blog:

GOLD RISES $6.00 TO $1291.00/SILVER/ RISES 4 CENTS TO $15.70/REUTERS REPORTS THAT HUAWEI CORPORATION HAS HUGE TIES TO IRAN: THIS DOES NOT BODE WELL FOR MENG/CHINA WILL NOT BE HAPPY IF SHE IS IMPRISONED/FRANCE BASICALLY DECLARES MARSHALL LAW /YELLOW JACKETS DEEPLY ANGERED BY THIS/GERMAN AUTHORITIES HAVE 900 CLIENTS WHO EVADED GERMAN INCOME TAX WITH THE HELP OF DEUTSCHE BANK AS INDICATED ON THE PANAMA PAPERS/THE DONALD WALKS OUT ON CHUCK AND NANCY AS THEY GET NOWHERE ON THE GOVERNMENT SHUTDOWN AND THE WALL/MORE SWAMP STORIES FOR YOU TONIGHT

Part 1: Debt Levels at ALL TIME Highs as Banks Wobble!! (Bix Weir)

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from RoadtoRoota:

https://www.youtube.com/watch?v=7SH17iZ1KQw

Click HERE for Part 2

Gold Outperformed S&P 500 in 2018

by Peter Schiff, Schiff Gold:

2018 ended up as the worst year for US stocks in a decade. And last month ranked as the worst December on Wall Street since 1938. But if you owned gold, things weren’t quite as painful for you as they were for investors without any of the yellow metal. While stocks sagged, gold rallied.

In fact, gold outperformed the S&P 500 in December, through the fourth quarter, and over the entire year.

Michael Ballanger: The Cascading Effects From Reintroducing The Gold Standard

from Silver Doctors:

“…the re-introduction of the gold standard would initiate a change in the financial system whereby purveyors of…”

by Michael Ballanger via Streetwise Reports

Unarguably, the finest piece of work that I have ever seen on the state of the global financial world—ever—is the one recently created and presented by Grant Williams of RealVisionTV entitled “Cry Wolf.” I was watching it last evening for the fifth time with my better half (who was watching it for the first time) and despite the fact that as bright and insightful as she is, I could and would not expect her to grasp concepts such as “Exter’s Inverse Pyramid” or the definition of a “trophic cascade” but when I glanced over to gauge her reaction to what might have been fairly glutinous material, to my delight she was glued to the screen as the history of her favorite form of metal unfolded in Grant’s purely brilliant display of 5,000 years of human folly, greed, and insanity.

2019 Headwinds Are Getting Stronger

by Jim Rickards, Daily Reckoning:

In 2017, every prominent economic forecasting entity was shouting from the rooftops about “synchronized global growth.” This was a reference to the fact that not only were certain economies growing, but they were all growing at the same time.

Chinese GDP growth had come down but was still substantial at 6.85%. U.S. GDP growth was posting solid gains of 3.0% in the second quarter of 2017 and 2.8% in the third quarter. Japan and Europe were not growing as quickly as the U.S. and China, but growth was still accelerating from a low level.