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
Lets have a look at this mornings precious metals pricing.
Gold - $1319.58 Up $3.18
Silver - $21.86 Down $0.05
Platinum - $1459.00 Up $0.80
Palladium - $748.00 UP $3.50
29 Incredible Facts Which Prove That Poverty In America Is Absolutely Exploding
Did you know that the number of Americans on welfare is higher than the number of Americans that have full-time jobs? Did you know that 1.2 million public school students in the U.S. are currently homeless? Anyone that uses the term "economic recovery" to describe what is happening in the United States today is being deeply insulting to the nearly 150 million Americans that are considered to be either "poor" or "low income" at this point.
1. What can you say about a nation that has more people getting handouts from the federal government than working full-time? According to the latest numbers from the U.S. Census Bureau, the number of people receiving means-tested welfare benefits is greater than the number of full-time workers in the United States.
2. New numbers have just been released, and they show that the number of public school students in this country that are homeless is at an all-time record high. It is hard to believe, but right now 1.2 million students that attend public schools in America are homeless. That number has risen by 72 percent since the start of the last recession.
3. When I was growing up, it seemed like almost everyone was from a middle class home. But now that has all changed. One recent study discovered that nearly half of all public students in the United States come from low income homes.
4. How can anyone deny that we are a socialist nation when half the people are getting money from the federal government each month? According to the most recent numbers from the U.S. Census Bureau,49.2 percent of all Americans are receiving benefits from at least one government program.
5. Signs of increasing poverty are even showing up in the wealthiest areas of the nation. According to the New York Post, New York subways are being "overrun with homeless". Read More...
Cleaners find $1.9M worth of gold bars in plane toilet
An aircraft cleaning crew found 280 gold bars worth more than $1 million in the lavatory of a plane
The Daily Mail of London says "cleaners stumbled across the bullion when they were cleaning the plane's bathroom" last week after the jet flew from Dubai to the Bangladeshi capital of Dhaka.
Armed police were called onto the aircraft, where they seized the 70-pound stash of gold. The Daily Mail estimates the bars' value at £1.17 million — or about $1.9 million. The Daily Mail writes "custom officials said they knew the bars were on board and believe the person carrying them sensed there was a police presence and abandoned the gold in the toilet of the aircraft before fleeing the scene." Read More...
PAUL: Enough is enough — it’s time to end the secrecy at the Federal Reserve
We cannot continue to ignore the role that the Federal Reserve has played in our economy’s downward spiral. Our nation simply cannot afford a national bank that is dedicated to seemingly unlimited money-printing and spending policies.
When the economy doesn’t improve, what is the Fed’s perpetual answer? Print even more money . Creating money out of thin air is not a sound way to help the economy.
The Federal Reserve has been purchasing — and monetizing the government’s debt — at a rate of $85 billion a month. In 2009, it was reported that the Fed could not account for $9 trillion in off-sheet balance transactions. That amount is more than half our national debt. Just this year, the institution has added more than $800 billion in debt to the government’s balance sheets.
This is unsustainable, and it is clear the Federal Reserve is structurally flawed. We need transparency and accountability. The American people deserve to know how their money is being managed. Read More...
[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.
