For years, some of the brightest minds in the precious metals industry warned that the price of gold and the price of silver would both rise dramatically once the global economy inevitably collapsed, and it turns out that they were right on target. What we have been witnessing over the last several weeks has been nothing short of stunning, and many experts believe that this is just the beginning. But I was actually going to write about something completely different today. A major skirmish between Israel and Hezbollah along the Lebanese border put the entire region on edge for a few hours, but things appear to have cooled off for the moment. So it doesn’t look like a huge regional war in the Middle East will start today, but as I discuss in my brand new book, it is just a matter of time before a massive conflict does erupt and I will be watching developments very closely. (Read More...)
When It Comes To Economic Suffering, Some Parts Of The U.S. Are Feeling It Far More Than Others
2020 has been a very tough year for the U.S. as a whole, but some portions of the country have been hit much harder than others. For example, if you live in a rural area that hasn’t seen any civil unrest and that hasn’t been hit very hard by the COVID-19 pandemic, the way that you are living your life now may seem nearly unchanged from the way you were living your life in 2019. But if you live in an urban area that has experienced endless protests and rioting and that has seen COVID-19 sweep through local neighborhoods like wildfire, your life in 2020 may look radically different from the way it looked in 2019. Unfortunately, conditions in our largest cities are not likely to improve dramatically any time soon. (Read More...)
The Numbers Tell Us That The ‘Economic Recovery’ Is Dead And Businesses Are Failing At A Staggering Pace
Even though economic conditions were absolutely awful, during the month of June the mainstream media kept insisting that the U.S. economy was “recovering” and the stock market kept surging on every hint of good news. But now the “economic recovery” narrative is completely dead, because the numbers clearly show that the U.S. economy is rapidly moving in the wrong direction. On Thursday, the Labor Department announced that another 1.416 million Americans filed new claims for unemployment benefits last week. Prior to this year, the all-time record for a single week was just 695,000, and so we are talking about a level of unemployment that is absolutely catastrophic. But what is really alarming many analysts is that the number for last week was quite a bit higher than the number for the week before. Many states are rolling out new restrictions as the number of confirmed COVID-19 cases continues to surge, and this is having a huge impact on economic activity. For months I have been warning that fear of COVID-19 would prevent economic activity from returning to normal levels for the foreseeable future, and that is precisely what has happened. (Read More...)
A List Of 50 Things You Should Get Right Now To Prepare For The Chaotic Events Of The Next 12 Months
People have been asking me to do an article like this for quite some time. In all the years that I have been writing, I have never seen so many of my readers so alarmed about our immediate future. Over and over again, I have been getting emails from people asking for advice about how to prepare for what is ahead, and so many of them are using the word “urgency” to describe what they are feeling. And I can definitely identify with that, because around the middle of last year that is a word that I started using constantly. I felt an urgency about 2020 that I had never felt about any other upcoming year, and there were certain things that I knew that I had to get done. One of those things that I had to get done was my new book, and it is now finished. The plan is to release it this month, and after reading it there will be no doubt about why I have been feeling such a sense of urgency in recent months. (Read More...)
As America’s Economic Suffering Grows, The Calls For More Socialism Grow Louder
It is during moments of great crisis that we find out who we really are, and that is why the governmental response to the COVID-19 pandemic has been so heartbreaking. Instead of rallying around our founding principles, Democrats and Republicans have both gravitated toward “solutions” that are in the exact opposite direction. Bigger government programs, more government tyranny and huge socialist transfer payments have all been greatly welcomed by the mainstream media and by large portions of the U.S. population, and at the same time very few voices are warning us that these measures are eroding our fundamental rights, exploding the size of our national debt and setting extremely dangerous precedents for the future. (Read More...)
The Housing Crisis Of 2020: Millions Of Americans Missed Their Last Rent Payments, And Tens Of Millions Could Soon Be Evicted
Week after week we continue to get economic numbers that are absolutely horrific, and it appears that we are heading for a housing crisis that will be even worse than what we witnessed in 2008. Back then, millions of Americans lost their homes, but this time around it could be tens of millions. I know that a statement like that may sound overly dramatic, but I believe that many of you that feel that way may change your minds after reading this entire article. (Read More...)
Soon, You Will Need To Wear A Mask To Enter Virtually Every Major Retail Store In America
If you are adamant about not wearing a mask, you are not going to like this news one bit. Coming into this week, Costco, Starbucks, Best Buy and Panera Bread were requiring customers to wear masks to come into their stores, but most other major retailers were still giving people the freedom to choose whether they wanted to wear a mask or not. I know that a lot of people appreciated this freedom to choose, but it is about to come to an abrupt end. On Wednesday, Walmart and Kroger announced that they will be starting to require consumers to wear masks in all of their stores, and the National Retail Federation is pushing all of the rest of their members to do the same thing. In the days ahead it is expected that most of them will follow suit, and that means that soon there will be very few major retail stores that you are able to enter without wearing a mask. (Read More...)
There Are Nationwide Shortages Of Aluminum Cans, Soda, Flour, Canned Soup, Pasta And Rice
I had no idea that things had gotten so bad. Earlier today, my wife spoke with the manager of a local grocery store because she wanted to place a large order for some canned goods. What she was told surprised her, and it certainly surprised me. The manager of this local grocery store told her that there are numerous nationwide shortages going on at this moment, and he indicated that there are lots of products that he simply cannot get right now. When my wife told me what he had said, I decided that I had to look into this, because I hadn’t heard that canned goods were in short supply. Well, it turns out that the manager that my wife spoke with was right on target, and that should deeply alarm all of us. (Read More...)