As the Financial Circus continues today, pushing down the precious metals prices, millions of Americans are going to get wiped out when the collapse of U. S. net worth begins in earnest. Anyone with a tad bit of common sense realizes these financial markets today are totally disconnected from reality.
With new stories of 40 million Russians to take part in ‘Nuclear Disaster’ drill, the Philippine President telling President Obama ‘To Go To Hell’, he’s buying weapons from Russia, U. S. Suspends Diplomatic Relations With Russia on Syria, U. S. Ends Fiscal 2014 With $1.4 Trillion Debt Increase: Third Largest In History, Deutsche Bank Troubles Raise Fear of Global Shock, it’s completely hilarious that the gold and silver prices are selling off big time today.
With 90% of the U. S. media now in control by six large mega-corporations, Americans have no idea just how bad the U. S. financial system has become. News stories today that would have caused a stock market crash and a spike in the precious metals years ago… no longer are a realistic barometer of the market today. Instead, the broader Stock, Bond and Real Estate Markets where 99% of Americans are invested, continue to be propped up.
How propped up? Well, let’s say by a staggering $31 trillion in the past six years. According to the wonderful folks at the Federal Reserve, U. S. net worth increased from $57.9 trillion Q2 2010, to a stunning $89 trillion Q2 2016:
This post was published at SRSrocco Report on October 4, 2016.