“This was a medical problem, we’re not going to let it turn into a long-lasting financial problem…” by Mac Slavo of SHTFplan Social distancing rules may be relaxed sometime soon […]
The post Trump: Suicides From Coming Economic Depression Will Far Surpass Deaths From Covid-19 appeared first on Silver Doctors.
The physical gold market is selling out of inventory as the stimulus package drags on… by Peter Schiff of Peter Schiff Podcast The Dow had the biggest rally today since […]
The post Peter Schiff: Gold Can Make A New All-Time High This Week! appeared first on Silver Doctors.
Health authorities are trying to spread the coronavirus. Mike Adams explains… by Mike Adams of Natural News (Natural News) Nurses working at Kaiser Permanente facilities in California face being fired […]
The post They Want It To Spread! Nurses Wearing N-95 Masks While Treating Covid-19 Patients Threatened With Being Fired! appeared first on Silver Doctors.
How’s the food supply right now, and what’s going to happen as people are bugging-in on lockdown, shutdown, hunker down, stay at home, and shelter in place? ***** Editor’s Note: […]
The post Is There Enough Food Supply For The Covid-19 Coronavirus Pandemic? appeared first on Silver Doctors.
Although people can go to the store, many have not. Some folks are serious about social distancing because there’s a loved one in their household who is greatly at risk, […]
The post Here’s What People Are Running Out of First During the Lockdowns appeared first on Silver Doctors.
Financial Times/Gillian Tett/3-18-2020
“Over 40 years the authors have watched the bright optimism of a new, rigorous approach to economics — which they shared — dissolve into the failures of prediction, [former Bank of England governor Mervyn King and former Financial Times columnist John Kay] write, arguing that the modern community of economists and policymakers needs to accept radical uncertainty and rethink its models.”
USAGOLD note: And radical uncertainty ought to be a psychological underpinning for any rational, modern day investment portfolio. As Nicholas Taleb of black swan fame once said: It is just as important to prepare for what we cannot foresee as for what we can. One short cut to achieving that goal, in our view, is to own gold – and enough of it to make a difference.
“Having been mugged too often by reality, forecasters now express less confidence about our abilities to look beyond the immediate horizon. We will forever need to reach beyond our equations to apply economic judgment. Forecasters may never approach the fantasy success of the Oracle of Delphi or Nostradamus, but we can surely improve on the discouraging performance of the past. – Alan Greenspan, The Map and the Territory, 2013
CNBC/Jeff Cox/3-22-2020
“In short, the shock from the COVID-19 spread will blow a fiscal hole through Washington, D.C., that could take years if not decades to patch.”
USAGOLD note: Though the virus might fade, the mega-deficits – we take no pleasure in saying – are probably here to stay. In this article, Cox theorizes that we might see a federal deficit yet this year in excess of $1.5 trillion. That would push the aggregate national debt over $25 trillion. The U.S. government has added $17 trillion to the national debt since the turn of the century.
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