My name is Shawn Ozbun, and our goal is to keep you up to date with what’s going on in the world of Gold and Silver by providing you with current news and precious metals pricing.
The Silvertowne Vault Cast is brought to you by www.Silvertowne.com
Hello and welcome back to another episode of the Vault Cast. Today the topic we are going to be covering was a topic that was really alarming to me. We are going to be going over some signs that show that the American economy is with out a doubt in a decline and why now is the time to own something of value like gold and silver. I think this information is something that you don’t want to take lightly. It’s worth paying attention to.
Real quick before I get into these alarming statistics and signs, I want to remind you to take a few minutes and leave us some feedback or comments in the iTunes store. This really helps the show and allows it to move up in the ranks and be heard by more people. I really appreciate your support. You can also subscribe to the vault cast on our YouTube channel and the cool thing about that is you get to see the articles that I’m referencing in the video.
Now lets go ahead and get into todays precious metals pricing!
Gold - $1714.73 up .43
Silver - $33.42 up .03 cents
Platinum - 1589.00 down 8.50
Palladium - $672 down 3.00
Financial News:
34 Signs That America Is In Decline
The United States is clearly in an advanced state of decline. Many people around the world (and even inside America) rejoice at this, but not me. I mourn for the country that I was born in and that I still love. Yes, the United States has never been perfect, but the Republic that our Founding Fathers started truly has been a light to the rest of the world in a lot of ways over the centuries. Unfortunately, our foundations are badly rotting and our nation is collapsing all around us. Many Americans like to think that the United States is greater today than it has ever been before, but the truth is that America is like a patient that has stage 4 cancer that has spread to almost every area of the body. Our nation is being destroyed in thousands of different ways, and more distressing news emerges with each passing day. This article will mainly focus on the economic decline of America, but much could also be said about our social, political, moral and spiritual decline as well. We are simply not the same country that we used to be. Americans are proud, selfish, greedy, arrogant, ungrateful, treacherous and completely addicted to entertainment and pleasure. Our country is literally falling apart all around us, but most Americans are so plugged into entertainment that they can't even be bothered to notice what is happening. Most Americans seem to assume that we will always have endless prosperity just because of who we are, but unfortunately that simply is not true. We inherited the greatest economic machine the world has ever seen and we have wrecked it, and now a very painful day of reckoning is approaching. But most people will not understand until it is too late.
I'm not going to read all 34, but here are some things that stood out and troubled me the most and I will have a link to the article so that you can read them all for your self.
- According to the Wall Street Journal, of the 40 biggest publicly traded corporate spenders, half of them plan to reduce capital expenditures in coming months.
- More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012
- Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.
- If you can believe it, approximately one out of every four American workers makes 10 dollars an hour or less
- Sadly, 60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs
- Median household income in America has fallen for four consecutive years. Overall, it has declined by over $4000 during that time span
- The U.S. trade deficit with China during 2011 was 28 times larger than it was back in 1990
- Incredibly, more than 56,000 manufacturing facilities in the United States have been shut down since 2001. During 2010, manufacturing facilities were shutting down at the rate of 23 per day. How can anyone say that "things are getting better" when our economic infrastructure is being absolutely gutted?
- Back in early 2005, the average price of a gallon of gasoline was less than 2 dollars a gallon. During 2012, the average price of a gallon of gasoline has been $3.63.
- According to the U.S. Census Bureau, the poverty rate for children living in the United States is about 22 percent.
- Back in 1983, the bottom 95 percent of all income earners in the United States had 62 cents of debt for every dollar that they earned. By 2007, that figure had soared to $1.48.
- Total home mortgage debt in the United States is now about 5 times larger than it was just 20 years ago.
- Total credit card debt in the United States is now more than 8 times larger than it was just 30 years ago.
- The value of the U.S. dollar has declined by more than 96 percent since the Federal Reserve was first created.
- According to one survey, 29 percent of all Americans in the 25 to 34 year old age bracket are still living with their parents.
- Right now, one out of every four American children is on food stamps.
- In 2001, the U.S. national debt was less than 6 trillion dollars. Today, it is over 16 trillion dollars and it is increasing by more than 100 million dollars every single hour.
- As the U.S. economy has declined, the American people have been downing more antidepressants and other prescription drugs than ever before. In fact, the American people spent 60 billion dollars more on prescription drugs in 2010 than they did in 2005.
- America once had the greatest manufacturing cities on the face of the earth. Now many of our formerly great manufacturing cities have degenerated. or example, the city of Detroit is on the verge of financial collapse, and one state lawmaker is now saying that "dissolving Detroit" should be looked at as an option.
According to The Economist, the United States was the best place in the world to be born into back in 1988. Today, the United States is only tied for 16th place. Read More...
You Won’t Build That!
Where and when you are born has a great deal to do with how successful you might become.
Warren Buffett, probably the world’s most successful investor, has said that anything good that happened to him could be traced back to the fact that he was born in the right country, the United States, at the right time (1930). A quarter of a century ago, when The World in 1988 light-heartedly ranked 50 countries according to where would be the best place to be born in 1988, America indeed came top. But which country will be the best for a baby born in 2013?
The Economist does a survey highlighting the factors conducive to success. The following two charts rank countries according to the ease of achieving success.
Now if you check out the article you will see a couple charts showing the ranking of nations in 1988 and then in 2013.
in 1988 the rank when like this USA at number 1, followed by France, W. Germany, Italy, Canada, Japan, Hong Kong, UK, Sweden, and the Netherlands was tenth place.
Now in 2013, Switzerland is number one, followed by Australia, Norway, Sweden, Denmark, Singapore, New Zealand, Netherlands, Canada, Hong Kong, Finland, Ireland, Austria, Taiwan, Belgium and finally the US ties Germany for 16th place! Read More...
This is very alarming my friends. It's very disheartening to me. I love my country and it breaks my heart for our future but more importantly our children’s and grandchildren's future. This is why I do this podcast. This is why I say take action to protect your wealth and your financial future. There is no guarantee that owning silver and gold is going to protect you, but history has shown that during a financial collapse that people who owned precious metals were much better off then those who did not. When you own precious metals you have something of real value unlike a peace of paper that has no value at all when the currency collapses.
I don't know what the future holds. None of us do. I hope that we can still come out of this and that we can turn the table, but when we look at history and see what happened to other nations who collapse and didn't have a fraction of the financial problems and debt that we have then you can come to the conclusion that it's not going to end well for us. I encourage you to get you hands on something that has real value, and has lasted through the ages. Something that has proven over thousands of years to be valuable and useful such as gold and silver.
This is a very serious issue. Many people believe that we don't have much longer. I really hope they are wrong. I'm not a financial adviser or an economist; however I don't think you have to be a genus to look at these statistics, to look at what we are paying at the grocery, the gas pump, the taxes and the utility cost to see that our dollar is quickly racing down the road to nothingness.
Thanks for listening to the Silvertowne vault cast. You can find our show on YouTube and I would love it if you would subscribe and as always our show can also be found in the iTunes store.
If you looking for a great Christmas gift idea, then you may want to visit Silvertowne.com and check out our custom Christmas pieces. I can’t think of a better gift to give someone right now then something that actually holds long-term value.
For the best source for acquiring gold and silver please contact Silvertowne at 1-877-477- coin, that’s 1-877-477-2646 or you can visit us at www.silvertowne.com. Silvertowne has been a trusted precious metals and numismatics dealer since 1949.
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[Disclaimer] Shawn Ozbun is not a licensed financial adviser, there is risk associated with all investment including gold and silver. You should seek advise from a licensed financial expert before making a purchase.
