For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
Click HERE for more real-time ADVANCED CHARTS and see the bottom of this page for more real time price updates.
Schiff Vs. Henwood on Economic Crisis
True Productivity (in defense of Schiff) is shown below from the John Williams, Shadow Government Statistics (SGS) website. Paul Jay and The Real News (TRN) unfortunately fell for the the old "Common Knowledge" mindless sleeple mistake of buying into Henwood's Keynesian premise that promotes the false idea that productivity is the highest it's been in history, so we just need to grease the gears of engine with just a few hundred billion more... and velocity will certainly return. This complete and utter bullshit, and if you look at how the government BLS produces and presents this propaganda you may be reminded of the chocolate rations report in Orwell's 1984.
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