Every month, the government reports good news. Everybody celebrates. Markets move. Later, the government quietly revises everything downward and reports that the good news was bad news.
Nebraska politicians beat a hasty retreat this week after attempting a brazen tax grab that would have reimposed sales taxes on purchases of gold and silver in the Cornhusker State.
With Social Security failing to keep up with real inflation due to government accounting, the amount of retirement funds it provides shrinks each year.
There’s nothing innately wrong with the “newcomers.” But throughout 300,000 of years of human history, there’s always been a genetically programmed fear of outsiders.
The average gold price in Q2 this year was $2,337.98, up from $1,977.84 a year ago—an increase of $360.14, or 18.2%. This marks a notable 12-month gain for a relatively stable metal.
We don’t know yet by how much; but early news on the report puts the number around 600,000 or about 50,000 more new jobs reported each month under Bidenomics than we really had.
