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News & Articles By Tracey Watson
05/29/2020
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By Tracey Watson
The coronavirus crisis has resulted in the worst unemployment spike in American history
President Trump has been pushing hard for some time now for governors to throw away the keys on their states’ lockdowns and get the economy moving – and fast. There can be no doubt that President Trump is under immense pressure to provide financial relief for the American people. His stress levels can certainly not […]
05/19/2020
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By Tracey Watson
U.S. government poised to approve more coronavirus bailout money … Will the money printing madness ever end?
Close to 3 million Americans filed for unemployment benefits last week. After hitting record highs in early April, the number of claimants has declined steadily over the past six weeks, but the total number of people claiming unemployment as a result of the coronavirus pandemic is still disturbingly high at 36.5 million. Experts warn that […]
05/13/2020
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By Tracey Watson
California becomes the first state to borrow money from the federal government to pay unemployment claims
With millions of Americans filing for unemployment benefits as the COVID-19 pandemic decimates the economy, states have come under increasing pressure to find the money to pay these claims. As reported by CBS Sacramento, California has become the first state to borrow from the federal government to meet these demands, with the Employment Development Department […]
01/22/2019
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By Tracey Watson
Reminder from Venezuela: Inflation is not a natural disaster; it is a man made catastrophe that’s entirely avoidable
Back in February of 1973, inflation in Venezuela was at a respectable 3.22 percent. Those days are long, long gone, however. According to TradingEconomics.com, consumer prices jumped by a staggering 1.3 million percent in Venezuela over the past year. The country is in an absolute economic freefall which at this point looks completely irreversible. Interestingly, […]
09/18/2018
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By Tracey Watson
40% of retail stores in Venezuela go bankrupt as government mandates massive minimum wage hike that no employer can afford
Just when it seems like things cannot possibly get any worse in Venezuela, they somehow do. A combination of rampant corruption, failed socialist policies, and the 2014 fall in the oil price have already left this formerly wealthy country reeling, pushing it right over the edge financially. At the end of July, Venezuela’s annual inflation […]
07/30/2018
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By Tracey Watson
Safe deposit boxes at banks are VANISHING! Remember this when you consider where to store your gold
The allure of gold as the safest means of wealth protection has stood the test of time. No matter what ups and downs the economy might be undergoing, gold has proved its weight as a safe and secure way to weather economic storms. For many people, the safest way to protect their income is to […]
06/25/2018
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By Tracey Watson
We are living in the terminal phase of the greatest debt bubble in history and our debt just keeps getting bigger
Back in 1882, a wise man named James Lendall Basford noted that “a man in debt is a man in chains.” If that is true of an individual, what should be said for an entire nation in debt to the tune of 21 trillion dollars? Shockingly, that is exactly true of the United States today. […]
05/21/2018
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By Tracey Watson
In less than 20 years, the U.S. dollar has lost 80% of its value vs. REAL money (gold)
For those among us who feel safe and secure – perhaps even a little smug – about the value of the U.S. dollar, convinced that a Venezuela-type crash of the currency could never happen in the United States, this article is sure to come as a shock. Gold Switzerland recently reported that in the two […]
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