The U.S. Economy Is Collapsing And The S&P 500 Is Flat? – Dave Kranzler
That [the unchecked market intervention by the Fed] will never change, Bill. Here’s what will happen: 99.5% of the public will NEVER believe that gold is the solution and they don’t even care if it’s manipulated. But when the point in time occurs when it becomes obvious to most that they have to have gold to stay afloat, it will be too late. There will be LOOONG lines around the block at coin shops. People in the front of the line will be able to sell some of their gold and silver to people in the back of the line for DOUBLE the price they just paid. It will be similar to the Weimar Republic when someone would order a cup of coffee, drink it, order another one and the 2nd cup was twice as expensive as the first. That day may not be far off. – my email exchange with Bill “Midas” Murphy of Lemetropole Cafe
TND Guest Contributor: Dave Kranzler
TheNewsDoctors.com
Wed, Jun 1st, 2016
If it’s not obvious to anyone by now, then those “anyone’s” are not following the news. All private-sector sourced economic data is showing an economic collapse in progress. The exiting home sales data is not private – it’s quasi-Government because the statistical seasonal “adjustments” programs used by the National Association of Realtors is the same algorithm used by Government statistical magicians.
Just take a look at the list of headlines in Zerohedge this morning – this is not a product of “conspiracy theory” website – it’s the economic headlines listed in one place:
Stunning Satellite Images Of The Global Tanker Glut
Auto Sales Tumble In The Bellweather Month of May
Construction Spending Collapses – Worst Since April 2009
US Manufacturing Weakest Since 2009
The Federal Reserve Has Created An Unprecedented Disaster For Pension Funds
Goldman Fires Dozens Of Investment Bankers
Those headlines show the truth in one line-up. I can guarantee you that nearly every mainstream media source of business news will not list those reports today in one place and the reports themselves will be nothing but mangled propaganda and spin.
The Rest…HERE
