Stagflation is Here Right Now! As Is A Depression
US Price inflation is dead near term (except for food). M2 spiked higher than ever before (this is extreme monetary inflation, boosting gold), but that money never circulated to main street as shown by the drop in velocity. All of this, while consumption absolutely collapsed – by a record. This is STAGFLATION!
…”the downturn” is the most significant the vast majority of people have seen in their lifetimes – if not everyone. The Fed’s reaction is to print much, much more money than has ever been printed in the history of this country. Consider the dollar debased – but few can see the results because the world needs to buy dollars to pay their global bills… For now!… (Continue to full article)
Gold prices end lower as stock market rallies on COVID-19 vaccine candidate
Gold prices ended lower on Monday, giving up earlier gains that had lifted prices toward their highest levels since 2012, as early positive results from a COVID-19 vaccine prompted a rally in the U.S. stock market, dulling haven demand for the precious metal.
It sure sounds great – but the prices on the street are still out of reach for many… (Continue to full article)
68% Of Unemployed Workers In The U.S. “Are Eligible For Payments That Are Greater Than Their Lost Earnings”
Can anyone explain how we are going to motivate unemployed workers to go back to work when most of them can actually make more money camped on their sofas watching Netflix? Over the past couple of months, 36.5 million Americans have filed new claims for unemployment benefits, and Congress understandably wanted to do something to address this unprecedented spike in unemployment. But by giving all of these unemployed workers a repeating 600 dollar bonus on top of existing unemployment benefits, Congress has actually created a very powerful incentive for Americans to be unemployed and to stay unemployed for as long as the bonuses last… (Continue to full article)
How Central Banks and Lockdowns Are Making the Crisis Worse
What typifies the phenomenon of the boom-bust cycle is that it is recurrent. What is the reason for this? Loose monetary policies set the platform for various activities that would not emerge without the easy monetary stance. What loose monetary polic…… (Continue to full article)
Global Food Crisis Caused by Fear & Tyranny: MEAT PRICES SOAR
If you have been able to find meat in your local grocery store, you’ve likely noticed that the price has gone up. ($75.50 for 10 lbs of ground beef) Thanks to the tyrannical government overreach of every governor and “lawmaker” in this country, this trend of rising food prices is likely to continue… (Continue to full article)
Consumer Spending Will Not Rebound…Here’s Why
Any economy that concentrates its wealth and income in the top tier is a fragile economy.
There are two structural reasons why consumer spending will not rebound, no matter how “open” the economy may be. Virtually everyone who glances at headlines knows the global economy is lurching into either a deep recession or a full-blown depression, depending on the definitions one is using. Everyone also knows the stock market has roared back as if nothing has happened.
HAHAHAHAHAHAHAHAHA… (Continue to full article)
[Got physical… close at hand?]
Let’s do something about that…
The Edge is heard at 8:00 p.m. (Eastern Time), each Monday through Friday on Republic Broadcasting Network. Jeffrey Bennett, host of the program will be sharing over 60 years of his personal experience in the precious metals markets, in addition to educational commentary regarding YOUR financial health and welfare.
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