URGENT🔴 You Haven't Prepared For The American Economic Crisis, Start Now Feb 2019

Confused About The US Economy? Hype & Reality Explained In One Tweet Versus One Paragraph

Do we really have a booming US economy? Judge for yourself in this one single Tweet versus one single paragraph about the exact same news…  And then the paragraph from the Steel Dynamics press release of its announcement (bold and red boldadded for emphasis):

The company currently expects to locate the facility in the southwestern United States, to cost effectivelyserve not only the southern United States, but also the underserved Mexican flat roll steel market. Determination of the final site location is subject to state and local government infrastructure andincentive support.  Upon final site selection and the receipt of required environmental and operating permits, the company would expect to begin construction in 2020, followed by the commencement of operations in the second half of 2021.

So let’s break it down in layman’s terms:

Steel Dynamics may or may not build a steel mill somewhere in the Southwestern US, depending on the amount of welfare provided by state and local governments, and the operation of the steel mill wouldn’t even begin until late 2021.

Will President Trump even be President if and when operations commence at the proposed Steel Dynamics mill?

What if we enter recession by then?

I think those questions are valid.

As for a little analysis, if ‘Ol Half Dollar was a bettin’ man, he would put his money on El Paso, Texas as the location of choice.

Why?

I’ll answer that with a question: What are the average wages of a production (i.e. steel mill) worker in El Paso?

$13.74 per hour.

But don’t take ‘Ol Half Dollar’s word for it, see for yourself.

That said, there are really several reasons which come to mind as to why Steel Dynamics would chose El Paso –

1.   Low wages as stated (hence Steel Dynamic’s stated desire to “cost effectively”).

2.   A generous local government (El Paso, Beto O’rourke is US Rep from there) that hikes taxes to directly subsidize businesses (See El Paso Chihuahuas as a recent example).

3.   Ability to use undocumented (i.e. illegal aliens) for labor, with the appropriate kick-backs given to the right politicians, regulators and authorities of course, and if the bribes and corruption fail, then H1B visa workers because somehow they just can’t find the right kind of labor for the mill.

4.   If they really want to sell steel to Mexico, then El Paso is the place to locate the mill being right there on the border.

What can learn from the single Tweet and the single paragraph?

There is a lot of hype, but in reality, hype is all we have.

In a nutshell, there may or may not be 600 jobs, jobs which would be taxpayer funded and government subsidized in one way or another, available somewhere in the Southwestern United States, in late 2021, and the way things are going now (see GM for example), companies are learning to promise one thing in order to get on President Trump’s good side, as well as to get the free publicity that goes along with getting on the President’s good side, but when push comes to shove, those same companies will simply renege on their promises.

Or am I seeing this wrong?

I don’t know.

I’m asking.

Because it sure looks that way to me.

But then again, I don’t see a booming US economy at all.

I see a fast-approaching economic collapse.

If I’m wrong, and if we do have a booming economy, then there is nothing to worry about.

But if I’m right about the economic collapse?

That’s a rhetorical question.

Stack accordingly…

Hugo Salinas Price Open Letter To Trump: MAKE AMERICA GREAT AGAIN WITH SILVER MONEY

“…the joy and steadfast political support of the millions of Americans who have purchased these silver ounces, when you announce that…” Mr. President Trump,

Sir: you are working tirelessly, against tremendous odds, to carry out your mission in life, which is to “Make America Great Again”.

I propose to you a measure fully in accord with your vision of a great, united nation of America, working for prosperity; a measure that conveys a fundamental message of inspiration for the American people. The greatness of a nation flowers when its moral stature is elevated, and such is the object of the measure that I suggest to you.

I suggest that you restore to Americans the use of silver money as a means of savings, to grant Americans the peace of mind that such savings provide, immune to the ravages of inflation which now decimate the savings of the whole world.

If you should take up the challenge which such a measure involves, you would, without any doubt, be accorded a stature of greatness as President of the United States of America, not seen since the time of Andrew Jackson.

And not only that: you would achieve a landslide electoral victory in your re-election as President in 2020.

Furthermore, thanks to the moral significance of having created silver money for your Nation, you would win over to the United States the goodwill of the whole of the Western Hemisphere, which for centuries and up to the early 20^th Century, labored with the use of silver money: the whole Hemisphere would follow your glorious example.

I am not, by any means, suggesting the abandonment of your established system of paper money: I am suggesting silver money that will operate in parallel with paper money, for the exclusive use of silver money as a means of saving.

Silver money disappeared from circulation in the whole world, because silver money traditionally bore a stamped monetary value, and when the price of silver began to rise as a consequence of the general inflation of prices caused by paper money, the silver in the coinage became worth more than its stamped value. This caused the disappearance of the world´s silver money, which in the United States took place in the early 60’s.

The solution to the problem lies in creating silver money without a stamped monetary value; the monetary value will be imparted to the coinage by means of a monetary quote, to be issued by your Treasury. This quote would include a profit for the Treasury, over the cost of the silver in the coins. The quote would rise with rises in the dollar value of industrial silver, but never be diminished in the event of falls in the value of silver.

Over the whole course of History, the creation of money has been the exclusive right of Government, and in assigning to your Treasury the function of creating silver money by means of a quote, you would be following a centuries’ old practice that operated until the usurpation of the creation of money by a cabal of bankers.

in the period from 1986 to the present, the American people have purchased 463,411,000 ounces of silver for their savings. These savings are in the form of “Eagle” silver ounces, which are stamped “One Dollar”.

Just like Stocks or Bonds which bear a printed value when issued, but whose daily value depends on the quote given to them by the Market, so the “Eagle” ounces can be monetized by means of a quote higher than the “One Dollar” stamped on these coins. (New issues of “Eagle” coins would omit the words “One Dollar”)

I suggest that the Treasury issue an Edict which would establish that the monetary value of the “Eagle” ounce is, for the time being, $30 Dollars, and will never be less, but may be worth considerably more as the price of silver rises.

The Edict would simply state that all debts to the Treasury of the United States are payable both in Federal Reserve Notes or in silver “Eagle” coins at the quoted monetary value assigned to them by the Treasury. This statement turns the “Eagle” ounces – all 463 million of them – into silver money.

Mr. President Trump: please imagine for a moment, the joy and steadfast political support of the millions of Americans who have purchased these silver ounces, when you announce that their ounces are now worth, as money, $30 Dollars each. At one stroke you will have demolished negative attitudes of millions of Democrats by granting them, as well as your millions of Republican supporters, an immensely important gift: silver money which will increase in monetary value, as the price of silver rises – a gift which will cost your Treasury nothing! On the contrary, your Treasury will be making a profit on all further coinage of silver “Eagles”!

Mr. President Trump: I have outlined in a few words, a plan that if pursued, will immediately invigorate the United States of America, as each American does his very best to work and produce the wherewithal to become the owner of silver ounces, for his and his family’s wellbeing.

Mr. President Trump, Sir: Do you have it in you, to achieve such greatness as President, as will endure for centuries in the collective memory of the United States of America? Then –

MAKE AMERICA GREAT AGAIN WITH SILVER MONEY

Apocalyptic Debt Crisis In America: 63 Of America’s Largest 75 Cities Are COMPLETELY BROKE

The debt crisis in the United States of America has reached apocalyptic proportions.  A new and horrifying report out details the reason why 63 of America’s largest cities are completely broke: debt and overspending.

According to a recent analysis of the 75 most populous cities in the United States, 63 of them can’t pay their bills and the total amount of unfunded debt among them is nearly $330 billion. Most of the debt is due to unfunded retiree benefits such as pension and health care costs.  That means those depending on that money, likely won’t see a dime of it. 

“This year, pension debt accounts for $189.1 billion, and other post-employment benefits (OPEB) – mainly retiree health care liabilities – totaled $139.2 billion,” the third annual “Financial State of the Cities” report produced by the Chicago-based research organization, Truth in Accounting (TIA), states. TIA is a nonprofit, politically unaffiliated organization composed of business, community, and academic leaders interested in improving government financial reporting.

“Many state and local governments are not in good shape, despite the economic and financial market recovery since 2009,” Bill Bergman, director of research at TIA, told Watchdog.org.

The top five cities in the worst financial shape are New York City, Chicago, Philadelphia, Honolulu, and San Francisco. These cities, in addition to Dallas, Oakland, and Portland, all received “F” grades. In New York City, for example, only $4.7 billion has been set aside to fund $100.6 billion of promised retiree health care benefits. In Philadelphia, every taxpayer would have to pay $27,900 to cover the city’s debt. In San Francisco, it would cost $22,600 per taxpayer.

By the end of Fiscal Year 2017, 63 cities did not have enough money to pay all of their bills, the report states, meaning debts outweigh revenue. In order to appear to balance budgets, TIA notes, elected officials “have not included the true costs of the government in their budget calculations and have pushed costs onto future taxpayers.” –Hartford City News Times

To say that more simply: your children have been sold into debt slavery and owned by the governments; both local and federal. The government is officially punishing the unborn for their inability to handle money. What a time to be alive…

One major problem area TIA identifies is that city leaders are lying. (What a shock! A lying politician…) These political masters have acquired massive debts despite the balanced budget requirements imposed on them by scamming the public and enslaving them.

“Unfortunately, some elected officials have used portions of the money that is owed to pension funds to keep taxes low and pay for politically popular programs,” TIA states. “This is like charging earned benefits to a credit card without having the money to pay off the debt. Instead of funding promised benefits now, they have been charged to future taxpayers. Shifting the payment of employee benefits to future taxpayers allows the budget to appear balanced, while municipal debt is increasing.”

It’s only a matter of time until this system built on debt and theft comes crashing to the ground. How prepared are you?