Michael Snyder’s article just below this one serves as our most recent warning of the inevitable collapse of the “dollar.” Such is not “hot news” to those of us who remember paying a nickel for a coke, an ice cream cone or a pack of chewing gum, a quarter a gallon for gasoline, seventy cents (including tip) for a daily plate lunch, a dollar-fifty for a new shirt and only three or four for a pair of shoes. Within a single century the value of a dollar has sunken from one hundred cents to one cent, and you absolutely know where all that money went. What is news to the younger generation is the fact that you are still paying about the same today but with a different medium of exchange — one that somehow currently carries only 1/12th of the 1964 value and is sinking deeper in purchasing power every year and even monthly in some cases. (Bought any beef roast, tenderloin or prime rib lately?)

The wisdom of the nation’s founders dictated that “No State shall make any THING but gold and silver coin a tender in payment of debts,” (Art. I, Sec. 10) and counterfeiting was a capital crime that called for the death penalty. Then, a century ago, the foolishness of American politicians allowed a foreign banking cartel of accomplished liars to establish a private monetary system under the deceptive name of Federal Reserve. Next, the bureaucrats at DOJ wrote a new federal statute (12 USC 152) criminalizing the act of “Illegal Counterfeiting.” In other words, “We get to do it but you citizen peons cannot.”

For the next fifty years, the ruse was carried on with the continual issuance of paper Federal Reserve Notes that were guaranteed to be “. . . redeemable in Lawful Money at any Federal Reserve Bank or the United States Treasury.” Lawful Money had been defined since 1792 as “gold and silver coin of the United States,” so the circulating currency was “as good as gold.” But at the end of 1963, a new set of notes was put into circulation without the contract wording to “redeem for lawful money,” saying only that “This note is legal tender for all debts public and private.” In other words, the criminal banksters had now changed the receipt for the lawful money on deposit (allegedly) into the actual entity. While still claiming to be a “Federal Reserve Note,” the “dollar bill” was actually a worthless paper token masquerading as lawful money. While the lawful notes were gradually confiscated by the banks, the two circulated together for the next four and a half years, and on June 24, 1968 the banking window for redeeming the lawful notes for gold or silver coin slammed shut. The United States government reneged on the remaining outstanding contracts by refusing to give anything but more paper or a bank deposit credit for them.

Meanwhile, a comparable fraud of equal corruption was also occurring surreptitiously behind the facade. The lawful silver coins were being counterfeited as well. In 1965, the United States mint had begun producing slug lookalikes in place of the formerly 90% silver dimes, quarters, half dollars and dollar coins. The silver content was first reduced to 40%, but by 1970, it had become zero, and the inflationary spiral had begun. There is no lawful money in circulation today but much can still be found for the preservation of assets. This takes us back to being true to our title above.

Only a deluded believer of fake news would be so foolish as to keep inflationary, valueless paper money in a savings account at the local bank — a bank that will close its doors when the dollar finally totally disappears. There is only one viable savings method for the average working man or woman today — that of the greatly under-priced precious metals, especially the pre-1965 U. S. silver coins in your own possession.

Gold is fine but silver is better. Much better because the silver price is far more suppressed. Therefore, when the explosion occurs and the dollar finally disappears, the suppressed (by the big boy controllers) value of precious metals will quickly retain their REAL value, and experts predict that the new value may quickly be 10X in gold and 50X in silver. We don’t know how it will be measured but the $15 value of today could turn into a $750 value in the near future. Currently, your cost of silver coin is less than production costs. This cannot last very long. Trade in your excess depreciating bogus “dollars” now for a solid hedge against the coming hyperinflation.

As mentioned, it takes more than $12,000 in today’s bogus money to acquire $1,000 in these pre-’65 coins. By putting the factor of 12-1 on any purchase you make today, you will find that most products cost about the same as 55 years ago and some are even cheaper because of the more modern and efficient manufacturing and production costs — such as with petroleum. I just passed some gas stations today and noticed that the pump cost was $1.99 a gallon. When you divide that by 12, you will come up with 16.5 cents per gallon by using the old measurement in Lawful Money. Except during the infrequent “gas wars” in Missouri, I don’t remember ever seeing the advertised numbers that small at the gas pumps in the 1950s or 60s.

So what to do to “get prepared?” Re-read two paragraphs above and acquire some silver coins. For the inexperienced, we would advise that you not go to your local coin dealer for your acquisitions because he will probably charge you 10% at each end — both when you buy and when you sell it back.

A better plan is to contact me here with a message below, leave me your phone number (it will not be published) and I will pass you on to the best deal in America. My friend has been in the business for 45 years, has a stellar reputation and will give you far better treatment. He not only will deliver your order to your door for a mere 3% over spot but will charge you nothing when you want to sell it back to him. At the time you need some cash, he will give you FULL SPOT PRICE when you trade it back. I know of no other dealer in the world that offers such a fair deal.

 

U.S. Job Losses Accelerate: Here Are 10 Big Companies That Are Cutting Jobs Or Laying Off Workers

November 20, 2018 by Michael Snyder

Job cuts and layoffs are coming fast and furious now as the U.S. economy really starts to slow down.  We haven’t seen anything like this since 2008, when millions of Americans lost their jobs in just a matter of months.  Things are certainly not that bad yet, but there has been a very noticeable shift over the last couple of months.  Back during the summer, everyone was talking about how well the U.S. economy was doing, but now things have dramatically changed.  At this point, economic activity has slowed down so much that even Jim Cramer of CNBC is admitting that the U.S. economy has “cooled”.  If current trends continue, things will certainly get even worse, and the job losses in this article will be just the tip of the iceberg.

Hopefully things will get better and I will not have to do any more articles like this.  Because the worst part of any economic downturn is that large numbers of people lose their jobs.

When you are just barely scraping by from month to month, a sudden job loss can be absolutely crushing.  So please keep that in mind as you are looking at the following list.  These are not just numbers – these are real people with real hopes and real dreams.

Sadly, it isn’t corporate CEOs that get let go when an economic downturn happens.  Instead, hard working people that are just trying to feed their families are the victims, and in this economic environment it is going to be difficult for those that have just been let go to find similar jobs.

The following are 10 big companies that are cutting jobs or laying off workers…

#1 It is being reported that Haagen-Dazs ice cream manufacturing facilities “will temporarily lay off upward of 1,000 workers”.

#2 General Motors is offering “voluntary buyouts” to 18,000 salaried employees.  If there are not enough volunteers, layoffs will take place.

#3 Broadcom has announced that it plans to lay off almost 2,000 workers.

#4 Wells Fargo has told the public that it anticipates eliminating approximately 1,000 positions.

#5 Starbucks is going to be laying off hundreds of workers.  Most of those layoffs will happen at the company headquarters in Seattle.

#6 Nationwide Insurance will be reducing the size of its national workforce by about 1,100 workers.

#7 Boston Scientific is planning 150 million dollars in annual cuts, and that reportedly includes “limited layoffs”.

#8 Blue Apron is eliminating about 100 more jobs as it desperately tries to stay afloat.

#9 Cisco laid off approximately 460 workers earlier this month in a bid to cut costs.

#10 BlueCross BlueShield is laying off nearly 250 workers in South Carolina as it shifts resources around.

And we certainly could add even more names to this list.

For instance, David’s Bridal just filed for bankruptcy.  Their stores will remain open for now, but needless to say it looks like job losses are inevitable.

And Sears is desperately trying to raise enough cash to make it through the holiday season.  But once the holidays are over, a very uncertain future awaits for all Sears employees.

If the U.S. economy really was “booming”, we would not be seeing job losses happen at this kind of a pace.

At this point, even Goldman Sachs is admitting that the U.S. economy “will slow significantly”…

Goldman Sachs believes the U.S. economy will slow significantly in the second half of next year as the Federal Reserve continues to raise interest rates and the effects of the tax cut fade.

“Growth is likely to slow significantly next year, from a recent pace of 3.5 percent-plus to roughly our 1.75 percent estimate of potential by end-2019,” wrote Jan Hatzius, chief economist for the investment bank, in a note to clients on Sunday. “We expect tighter financial conditions and a fading fiscal stimulus to be the key drivers of the deceleration.”

Of course Goldman Sachs is trying to put a positive spin on things, and it is understandable why they would not want to admit that we are going into a recession, because the last recession was absolutely devastating for their business.

Unfortunately, U.S. companies are even more vulnerable today than they were just before the last recession.  Corporate debt has doubled since that time, and it is now sitting at about 45 percent of gross domestic product…

Non-financial corporate debt stands at 45.6 percent of gross domestic product, near the highest in post-war record keeping. Non-residential investment — a broad category in the national accounts that includes everything from office buildings to software — has been bouncing around the 13 percent of GDP range since 2012.

In other words, our big corporations are absolutely drowning in debt, and once the next economic downturn hits many of them are going to have a really hard time trying to survive.

And we continue to get more indications that the next economic downturn is already here.  For instance, one recent survey discovered that just 13 percent of all Americans plan to buy a home over the next year.

That number is down by nearly half compared to a year ago.

In so many ways, what we are seeing happen in 2018 is so similar to what we witnessed in 2008.  Now is the time to get prepared, because it looks like we are moving into very chaotic economic times.  The crisis that started in 2008 felt like “the end of the world” to a lot of Americans, but the truth is that it was nothing compared to what is ahead of us.

Unfortunately, many Americans still seem to believe in the narrative that things are “going well” and that the best days are still ahead for the United States.

I wish that was true, but the reality of the matter is that time is rapidly running out on this debt-fueled economic bubble that we have all been enjoying.

About the author: Michael Snyder is a nationally syndicated writer, media personality and political activist. He is publisher of The Most Important News and the author of four books including The Beginning Of The End and Living A Life That Really Matters.