KNOWLEDGE is POWER / REAL NEWS is KEY
New York: Thursday, October 10, 2024
© 2024 U-S-NEWS.COM
Online Readers: 334 (random number)
New York: Thursday, October 10, 2024
Online: 331 (random number)
Join our "Free Speech Social Platform ONGO247.COM" Click Here

NEWS HEADLINES: September 27, 2024 (Labor Market Flashing RECESSION!) * 100PercentFedUp.com * by Noah

🔴 Website 👉 https://u-s-news.com/
Telegram 👉 https://t.me/usnewscom_channel

Happy Friday!  It’s time for our weekly PRECIOUS METALS REPORT courtesy of my friend Ira Bershatsky.

As always, my standard disclaimer: Not personalized financial advice, but this is the quality of insight and macro analysis that people pay big money for…and thanks to Ira, I’m pleased to be able to share it was all of you.

The Federal Reserve has a “dual mandate” to (1) promote maximum employment and (2) stable prices.

The skeptics among us would say as to #1 they just want all the good “sheeple” plugged in like zombies to their little cubes, and as to #2 the Fed’s definition of “stable prices” is that prices go up 2% every year, which I know doesn’t sound very stable to me either!

The even bigger skeptic might say the “dual mandate” is all just for show, and that their true mandate is to simply print money and “loan” it to the USA at 2% interest (hey, there’s that 2% number again, I bet that’s just a coincidence though….).

For more on those “crazy” conspiracy theories, you have to see this:

The Greatest Show On Earth Part 2: “Follow the Yellow Brick Road”

Absolutely incredible, it breaks down EXACTLY how our monetary system works (or doesn’t work, as the case may be).

It’s one huge fraud and ponzi scheme from the top down.

But setting that aside for a minute, let’s presume the Federal Reserve is just looking out for the goodwill of the people and trying to achieve both ends of that “dual mandate”.

It appears to most that the risk now lies with a cratering of the job market.

In other words?

Mass layoffs, followed by a massive RECESSION.

That’s what the data is telling us, and that’s what the Fed’s recent actions are telling us.

Ira Bershatsky explains more here with his weekly update:

This week’s significant economic reports were the Gross Domestic Product (GDP) revision for the third quarter and the Personal Consumption Index (PCE) for August. The PCE, as readers of my blog know, is the FED’s favorite inflation gauge.

The GDP number was unrevised from the last revision and showed the economy expanded at a 3% annual pace in the third quarter. Recession? What recession? We shall see. With credit card debt at a record level of over $1 trillion (yes trillion), looming commercial loan defaults, and the not too long-ago employment number being revised down by over 800,000 jobs is the 3% GDP number all rainbows and unicorns?

This morning’s all PCE number was up .1% from August and up 2.2% in the last year which is the lowest reading since February 2021. Core PCE which strips out food and energy came in at 2.7% higher than July’s 2.6%. As the group Oasis sang in one of their songs, “Why why why why” I ask why is the FED lowering interest rates when their favorite inflation gauge continues to be above 2%? The FED’s mandate is for price stability and full employment. I read that the FED’s focus is now more on the softening labor market. Recession? Hmmm.

Gold down a few dollars and silver up a few cents this morning while the stock indices continue their upward move. The Trump effect! Buy any dip or buy the momentum.

Until next time

Meanwhile, Gold continues to set new highs almost daily, and Silver looks ready to break out over $32, something that has historically almost never happened:

GOLD IS SENDING A WARNING.

SILVER IS SENDING A WARNING.

I can’t give you personalized financial advice but as for me, I’m buying as much Gold, Silver and Crypto as I can get my hands on.

Ira can help you if you want to do the same thing, he’s earned my trust.

I know many of you are already familiar with Ira Bershatsky, but for those who don’t know him, you can find Ira and his company, Advisor Metals, over at WLT Precious Metals.

I have personally sent family members to Ira for 5-figure purchases of Gold and Silver and he treated them like royalty.  They were very pleased.

That’s how much I trust Ira.

No one has a crystal ball for the markets, but I trust Ira’s ethics and morals and customer service implicitly.  I always hear glowing reviews!

I didn’t tell him I was sending them over either (and these particular family members have a different last name) so I did it as a bit of a “secret shopper” test and Ira passed with flying colors.

Of course I knew he would.

That’s why I work with him and that’s why I have confidence telling you about him.

Ira can handle bulk purchases of bullion, coins, whatever you want.

All custom ordered and shipped right to your door.

A lot of people love Bullion because its the cheapest and most economical way to do it, to stretch your dollar into as much gold and silver as possible.

The website is called WLT Precious Metals and when you see my logo in the top left-hand corner, you’ll know you’re in the right place.

You’ll get a personal phone call with Ira Bershatsky (or someone on his team) and they will work with you free of charge for as long as needed to answer any questions you have and get you taken care of.

How about that!

You don’t see that much anymore, but Ira and his team pride themselves on good old-fashioned real customers service:

No sales pitch, just real, actual help.

And the best prices you will find.

Here’s the only disclaimer I will give you: because they do pride themselves on dedicated service, it might take a few days before you get a phone call back.  Just be patient.

Good things come to those who wait!

You can contact Ira and WLT Precious Metals here.

Ira can also help you if you want to purchase Gold and Silver in your IRA.

I mean, his name is Ira, after all, OF COURSE he can help you purchase in your IRA account.

The thing I love about purchasing in your IRA account is you can do it with no money out of pocket.  You just take money already in the IRA account, perhaps in stocks or bonds or other investments, and you can shift it into Gold and Silver.

Again, I’m not your personalized financial advisor, I’m just explaining how it works.

And it’s REALLY cool.

So even if you’re saying times are tough right now, I don’t have a lot of spare money to shift into Gold and Silver, you might have a golden opportunity (pun intended!) already sitting there in an established retirement account.

I’ll be back next Friday with another Precious Metals Report update from Ira.

Until then….

Noah out.

This is a Guest Post from our friends over at WLTReport.

View the original article here.





Source link