Commodity Trade Mantra

Posts Tagged ‘Food Stamps’

Physical Gold, the Misery Index and Monetary Insanity

The official national debt of $19 trillion, measured in gold, is about 15 billion ounces – around 100 times the quantity of gold supposedly stored in Fort Knox. Given the insanity of endless borrow & spend programs, ever increasing debt, overpriced stocks & bonds, desperation & delusions, and more … have you stacked physical gold in preparation for the inevitable consequences?

Relying on a Pension to Retire? Food Stamps May Be Your Future

Public pension funds are going broke. Certain state pensions are laughably short the money needed to pay retirees. The Central States Pension Fund – a giant private pension fund, recently decided to cut benefit payments by as much as 61%. Retirees currently getting monthly checks for $3,000 will only get $1,180 now. The cuts will affect hundreds of thousands of people.

Charts with more Words than Registered Gold at COMEX

COMEX has NEVER EVER gone into an active delivery month with such a small amount of registered gold available. In fact, I cannot remember a time when the registered category was ever more sparse than it is now. The amount of gold in the registered category is now roughly $80 million. This is not only scary, I cannot believe COMEX would allow these numbers to be seen.

"Off The Grid" Indicators Suggest US Economy Anything But On Solid Ground

In summary, this turn through our Off the Grid indicators show a U.S. economy that is still only gradually on the mend. Consumers are no longer as afraid of systemic failure of the banking system, hence the decline in gold and silver coin demand. At the same time, food insecurity is still an issue and food inflation is on the rise.

The Fed Sees No Bubbles, No Inflation, No Problems!

Even if you believe the highly manipulated government CPI data, April’s YoY inflation rate came in at 1.95%. If annualized, April’s monthly change would equate to a rate closer to 4%. Yet, the Federal Reserve policymakers made clear that they see little chance of inflation moving past their 2% target for years to come.

Is The U.S. Unemployment About To Spike Higher?

As per the latest weekly Gallup Survey, Unemployment has surged from its April lows of 7.3% to 8.9%, which certainly doesn’t bode well for continued increases in the upcoming BLS employment reports

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