Is The Nationwide Coin Shortage Being Used To Push Us Toward A Cashless Society?

The coin shortage in the United States is becoming quite severe, and a lot of people are deeply concerned about where this might be leading us.  But if you don’t run a business or deal with coins on a regular basis, you may not even know that it is happening.  On Monday, my wife told me that a lot of people on Facebook were talking about this nationwide coin shortage, and then on Tuesday Ricky Scaparo posted a couple of news stories about it, so I decided that I better start looking into this.  Because if this coin shortage is going to be used to push us toward a cashless society, that makes it a really big deal. (Read More...)

Close To Half Of All Working Age Adults In The United States Do Not Have A Job Right Now

There is a lot of talk about the “unemployment rate” these days, but the way that it is calculated has become so convoluted that it is not really that meaningful anymore.  Even during the so-called “good times”, more than 100 million U.S. adults were not working, but we were told that the unemployment rate was the lowest that it had been in decades.  Of course now everything has changed.  Since this pandemic began, more than 47 million Americans have filed new claims for unemployment benefits, and the mainstream media is going to make sure that fear of COVID-19 continues to paralyze our society for the foreseeable future. (Read More...)

Any Hope For A “V-Shaped Recovery” Has Been Completely Crushed

We were supposed to be well into a “recovery” by now, but instead more bad economic news just keeps pouring in.  In fact, the numbers that I am going to share with you in this article are absolutely eye-popping.  Initially, many of the economic optimists had been trying to convince us that we would experience a “short, sharp recession” followed by a “V-shaped recovery”.  Well, at this point it has become quite clear that we can forget all about that scenario.  The mainstream media is increasingly starting to use the word “depression” to describe what is happening to the U.S. economy, and the raw numbers definitely support the use of that label.  For example, the Atlanta Fed’s GDPNow model is now projecting that U.S. GDP will decline by 46.6 percent on an annualized basis during the second quarter of 2020… (Read More...)

Media-Induced Fear Of COVID-19 Is Starting To Cause A Second Wave Of Severe Economic Panic

Fear of COVID-19 absolutely crippled the U.S. economy during the first half of this year, and now it appears that there are some people that are pushing for that to happen again during the second half of 2020.  Earlier this evening, I came across a headline that boldly declared that there will be “180,000 U.S. deaths of COVID-19 by October”, and right now just about every mainstream news outlet is running stories about how the number of confirmed cases in the U.S. is surging.  And it is definitely true that we are seeing an alarming rise in the number of confirmed cases.  In fact, the number of new cases in the U.S. on Wednesday set a new record(Read More...)

Is This The Lowest Point In Modern U.S. History?

Things have certainly gotten really crazy here in 2020.  First we witnessed the eruption of the worst global pandemic in 100 years, then the U.S. economy started collapsing, and then we watched major U.S. cities burn from coast to coast as rioting and looting spiraled out of control.  Everywhere you look, people are very angry and deeply frustrated, nearly 46 million Americans have filed for unemployment benefits over the past few months, and fear of COVID-19 continues to paralyze our society to a frightening extent.  But can this really be called the lowest point in modern U.S. history?  According to one recent survey, a whopping 72 percent of all Americans actually believe that this “is the lowest point in the country’s history that they’ve ever been alive to see”… (Read More...)

Americans Have Already Skipped Payments On More Than 100 Million Loans, And Job Losses Continue To Escalate

Those that have been hoping for some sort of a “V-shaped recovery” have had their hopes completely dashed.  U.S. workers continue to lose jobs at a staggering rate, and economic activity continues to remain at deeply suppressed levels all over the nation.  Of course this wasn’t supposed to happen now that states have been “reopening” their economies.  We were told that things would soon be getting back to normal and that the economic numbers would rebound dramatically.  But that is not happening.  In fact, the number of Americans that filed new claims for unemployment benefits last week was much higher than expected(Read More...)

2020 Has Been A Miserable Year, And Americans Are The Unhappiest They Have Been In Ages

What a year this has been so far.  First, the greatest public health crisis in 100 years hit us, then the U.S. economy imploded, and now the streets of many of our major cities resemble war zones after weeks of rioting, looting and violence.  It has been one thing after another, and this has taken a great toll on the mental health of the American people.  Of course we weren’t exactly in great shape coming into this year.  In 2019, it was being reported that the suicide rate in the U.S. was at an all-time record high, alcohol-related deaths were at an all-time record high, and drug overdose deaths were at an all-time record high.  So the truth is that we were already deeply miserable before 2020 came along, and now a brand new survey has discovered that as a result of everything that has happened so far this year we have become even more unhappy(Read More...)

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