What is coming in the US

[Gary K]

Wealthy New Yorkers are fleeing New York in droves. In the last two months almost a half million of them have moved away. It's a reaction to what New York did to people in the coronavirus panic, and the moves DeBlasio has made in defunding the police as crime in wealthy areas of the city is skyrocketing. Murder and gangland style executions are becoming common.

Jennifer Lawrence bought a $15.6 million apartment in NYC in 2016. She sold it for a $5.7 million loss. Why would she sell for it for 1/3 less than she paid for it after only a year on the market? Why take that kind of loss on prime real estate? Why would nearly 1/2 a million other wealthy people leave too? Let's look at the socialist paradise created by Bill Deblasio and the rest of the socialist loons in NYC.

Hundreds of thousands of wealthy residents have already left New York City, and more are leaving every day as America’s biggest city rapidly degenerates into a hellhole. This is incredibly sad to watch, because in many ways New York had been an incredible success story over the past several decades.

The 1970s and 1980s were nightmarish times for the city, but over the past several decades it was transformed into a virtual paradise for the wealthy and famous. Crime rates absolutely plummeted, the city was given a dramatic facelift and a booming financial community brought an unprecedented amount of wealth into New York.

But now many of the old problems are starting to come back again, and a lot of wealthy New Yorkers have decided that it is time to look for greener pastures.


Of course the COVID-19 pandemic has been the primary motivation for a lot of the wealthy individuals that have been fleeing the city. According to the New York Times, there was a mass exodus of 420,000 New Yorkers between March 1st and May 1st…

Roughly 5 percent of residents — or about 420,000 people — left the city between March 1 and May 1. In the city’s very wealthiest blocks, in neighborhoods like the Upper East Side, the West Village, SoHo and Brooklyn Heights, residential population decreased by 40 percent or more, while the rest of the city saw comparably modest changes.​

Can you imagine 40 percent of your neighborhood leaving in just two months?

Wealthy people can often pick up and move a lot more easily than the rest of us, because many of them are not tied to traditional jobs and a lot of them already own second homes. And it is definitely understandable that a lot of them would have wanted to leave during the peak of the pandemic in the New York area, but now that infection rates are a lot lower they still aren’t coming back and this has become a hot political issue for New York politicians.

Just a few days ago, New York Governor Andrew Cuomo lamented the fact that this mass exodus is hitting tax revenues really hard…

A single percent of New York’s population pays half of the state’s taxes, he said, “and they’re the most mobile people on the globe.”

“I literally talk to people all day long, who are now in their Hamptons house, who also lived here, or in their Hudson Valley house or in their Connecticut weekend house,” Cuomo continued. “They’re not coming back right now. And you know what else they’re thinking, if I stay there, they pay a lower income tax because they don’t pay the New York City surcharge. So, that would be a bad place if we had to go there.”​

But New York City Mayor Bill de Blasio is taking a completely different tone. At this point, he doesn’t seem to care whether the wealthy come back or not…

Mayor de Blasio couldn’t care less if wealthy people leave the city for good because of the coronavirus pandemic, telling reporters on Friday that he won’t bend over backward for the one percent to return to NYC.

In a briefing from City Hall, de Blasio for a second day in a row sneered at Gov. Cuomo’s suggestion that the Big Apple’s ballooning deficit can only be bridged if rich people who fled at the outset of the pandemic come back and start paying taxes again.​

Mayor de Blasio can continue to deny reality if he wishes, but without a doubt the lack of revenue is starting to have a major impact.

The sanitation budget was cut by more than 100 million dollars, and at this point giant mountains of trash are starting to pile up around the city…

Photos show bags filled with leftover food scraps, cans and bottles piled high on sidewalks or overflowing out of corner litter baskets.

Dead rats have been found among the waste and raccoons have been spotted climbing out of garbage cans.​

The rest of the article can be read at the following link. https://www.zerohedge.com/political/...rates-hellhole

Venezuela here we come. Our largest cities are looking just like it does. Mountains of trash in the street. People living in fear of gangs looking to steal from them. And far less police protection from the criminals. In fact, NYC is releasing criminals accused of murder, physical violence, burglary, theft, armed robbery, etc... without bail. They are releasing them on their own recognizance. Yeah, these guys are going to show up for court all on their own. You know, because they are such upstanding citizens as they've proven by living lives of crime.

Just the kind of people you want living next door to you. Right?

 

[Gary K]

The following link is the article on Jennifer Lawrence selling her multi-million dollar apartment.

https://www.dailymail.co.uk/tvshowb...-loss-New-York-penthouse-panoramic-views.html

 

[Gary K]

Here is the link to the crime wave in NYC in the wealthy neighborhoods.

https://www.dailymail.co.uk/news/ar...-reports-shocking-286-increase-robberies.html

 

[eider]

Wow!
27 robberies is causing a hysterical stampede out of NY. ??

But I won't stay awake worrying about a billionaire losing a few millions over a house sale. It might even be a good excuse for a tax rebate if it was part of a business.

We are dropping in to an Oppression, the first ever. Can you imagine what you'd be saying if you had a Democrat leader this last four years ?

 

[ok doser]

Pardon me Doctor Freud but I believe your slip is showing:

We are dropping in to an Oppression ...

 

[Arthur Brain]

Wow!
27 robberies is causing a hysterical stampede out of NY. ??

But I won't stay awake worrying about a billionaire losing a few millions over a house sale. It might even be a good excuse for a tax rebate if it was part of a business.

We are dropping in to an Oppression, the first ever. Can you imagine what you'd be saying if you had a Democrat leader this last four years ?

The skies are falling in...

:shocked:

 

[Gary K]

Here is something else that points to what's coming to the US. The price of silver and gold has just exploded. Silver has gone from $18 an ounce to $30 in a few months. It pulled back a little because the banks sold off 2 times the entire worlds mining output of silver in a single day by selling paper silver, not actual silver. In other words they sold at a loss to drive down the price. The banks have done the same with gold. They've been doing it for years, but it just doesn't work very well any more. Gold was $1520 an ounce in January of this year. It reached $2080 a week or so ago. That's a 33% decrease in the value of the dollar versus gold. Against silver the dollar decreased in value at just about the same rate after the manipulation of the price of silver by the banks.

They, the commercial banks, sold off 1.8 billion ounces of paper silver to drop the spot price, not the actual selling price, $6/ounce. They also sold off huge amounts of gold the same way, and it only dropped the price of gold approximately $100 an ounce. The price of gold is still above it's previous high even after that.

What this is telling us is that our economy is gone. Our currency is worthless because of the lockdown. It's decreased in purchasing power by 1/3 in just a short time. Tell the Democrats thanks a lot of destroying our lives and for starving the poor to death because that's what's going to happen. Trump has been trying to relieve the financial pressure on the poor, but the Democrats will not agree to do anything without lots of extraneous marxist policies put in place that have nothing to do with our current crisis. So much for the "love for the poor" by the Democrats. They want trillions for business and illegal aliens, but ignore the average US citizen. The common man has no value in their eyes at all.

Here's a video interview of a guy who has time and time again predicted what has happened in our economy time and time again. He understand what is going on and why things happen. That they aren't random events that we are seeing and that the mockingbird media lies to us on a regular basis, and has been for years. it also tells us that Trump is not telling us the truth either. But he has been forced into it by the press and the pandemic and he's doing what he can to relieve pain of all of this with his bailouts of the poor and middle class. Think the Democrats will cooperate? Not a chance. We are dirt under their heels in their pursuit of power. They are proving this every day by their actions.

 

[eider]

Here is something else that points to what's coming to the US. The price of silver and gold has just exploded. Silver has gone from $18 an ounce to $30 in a few months. It pulled back a little because the banks sold off 2 times the entire worlds mining output of silver in a single day by selling paper silver, not actual silver. In other words they sold at a loss to drive down the price. The banks have done the same with gold. They've been doing it for years, but it just doesn't work very well any more. Gold was $1520 an ounce in January of this year. It reached $2080 a week or so ago. That's a 33% decrease in the value of the dollar versus gold. Against silver the dollar decreased in value at just about the same rate after the manipulation of the price of silver by the banks.

They, the commercial banks, sold off 1.8 billion ounces of paper silver to drop the spot price, not the actual selling price, $6/ounce. They also sold off huge amounts of gold the same way, and it only dropped the price of gold approximately $100 an ounce. The price of gold is still above it's previous high even after that.

What this is telling us is that our economy is gone. Our currency is worthless because of the lockdown. It's decreased in purchasing power by 1/3 in just a short time. Tell the Democrats thanks a lot of destroying our lives and for starving the poor to death because that's what's going to happen. Trump has been trying to relieve the financial pressure on the poor, but the Democrats will not agree to do anything without lots of extraneous marxist policies put in place that have nothing to do with our current crisis. So much for the "love for the poor" by the Democrats. They want trillions for business and illegal aliens, but ignore the average US citizen. The common man has no value in their eyes at all.

Here's a video interview of a guy who has time and time again predicted what has happened in our economy time and time again. He understand what is going on and why things happen. That they aren't random events that we are seeing and that the mockingbird media lies to us on a regular basis, and has been for years. it also tells us that Trump is not telling us the truth either. But he has been forced into it by the press and the pandemic and he's doing what he can to relieve pain of all of this with his bailouts of the poor and middle class. Think the Democrats will cooperate? Not a chance. We are dirt under their heels in their pursuit of power. They are proving this every day by their actions.

I just hope that you bought silver and gold in recent years.

A little gold sovereign reached up to £400 (if you buy 500) last week. The 500 rate is £389 today. That's only 8 grams of 22carat gold.

Many of us saw this coming, a long time before coronavirus stopped the world

 

[Gary K]

I just hope that you bought silver and gold in recent years.

A little gold sovereign reached up to £400 (if you buy 500) last week. The 500 rate is £389 today. That's only 8 grams of 22carat gold.

Many of us saw this coming, a long time before coronavirus stopped the world

Silver is the metal to buy. It's normal relation to gold is about 15 to 1. It's relation to gold before the price started going off was 120 or so to 1. It's still between 70 and 80 to 1. That means the upside in silver is going to be multiples of whatever gold does before any kind of equilibrium is reached in the market. If I had money to invest I'd be going whole hog on silver.

 

[eider]

Silver is the metal to buy. It's normal relation to gold is about 15 to 1. It's relation to gold before the price started going off was 120 or so to 1. It's still between 70 and 80 to 1. That means the upside in silver is going to be multiples of whatever gold does before any kind of equilibrium is reached in the market. If I had money to invest I'd be going whole hog on silver.

Exactly.
Silver is going to rocket.
It's been very high before. 40 years ago a silver table spoon (2oz) was worth a days pay for a layman, then over the years it fell away.
It's coming back!

 

[Gary K]

Exactly.
Silver is going to rocket.
It's been very high before. 40 years ago a silver table spoon (2oz) was worth a days pay for a layman, then over the years it fell away.
It's coming back!

So you're saying this is all normal. Jim Rickards, a shill for the Democrats and deep state, is saying gold will reach $15,000 an ounce. He normally downplays all of this stuff so when he is giving that prediction it means gold will go far beyond $15,000 an ounce. $15,000 gold, at 20 to 1 means silver will reach $750 an ounce. This is not a return to other silver highs. It's multiples of of any previous high. That's how little confidence there is in the value of the dollar. At the historical norm of 15 to 1 silver will be $1000 an ounce.

There are economists/financial analysts out there that have been doing this for 50 years or so who were saying, before all this latest money printing, that gold is going to go to $80,000 an ounce. And that is if all the gold supposedly held at Fort Knox is still there. What the analysts did to come up with the $80,000 figure was take the quantity of gold supposed to be in Fort Knox and divide it by the debt we had before the pandemic hit, and the result was $80,000 an ounce just to pay off the debt. That meant the price of silver would be $4000 an ounce at 20 to 1. Yeah, just a dollar or two, or 1 or 2 percent above previous silver highs. Things are going on as they always have. Right?

The value of silver and gold hasn't changed since the days of the Roman Empire. Back then an ounce of gold would buy a toga, belt, and shoes for Roman senator. You can still go into a high end clothing store and buy a suit, tie, shirt and shoes for the value of an ounce of gold. The value of gold is stable over centuries of time. It's the value of a fiat currency that fluctuates wildly over time according to the debt levels it inspires as it is being manipulated beyond all sense of reality.

If you look at the dollar value over the years and set the index at the value of1910 dollars the dollar at that time was double in value what it was the late 1700's. In 2010 it's value was down to 3.5 cents. And we've had a whole lot of deflation of the dollar through money printing since then. Money printing and debt destroy the value of the dollar, and the swamp has done a lot of money printing and created trillions in debt. In fact the people who found the $20+ trillion missing out the government have found evidence that $20 trillion may very possibly be a drop in the ocean from has disappeared. They did that by looking at the ongoing refinancing of debt and how much it should be by looking at the different ratios of short, medium, and long term debt as they come due. They found that our actual debt is more like $100 trillion due to money disappearing, stolen, out of the government.

Sorry, but your subtle attempt to downplay what is going on was nothing but a massive fail.

 

[Gary K]

Here's more on what is going on in the US. Here's a twitter video showing 5th Avenue in NYC during a week day.

https://twitter.com/i/web/status/1291717913980747776

Real evidence of a V-shaped economic recovery. Right? Nothing to see here. Just move along and ignore the evidence. This will be coming to towns very near you in the near future. The financial center of the US is just booming. Right? People are really going out and shopping and spending.

 

[eider]

So you're saying this is all normal.

No

There are economists/financial analysts out ............................Things are going on as they always have. Right?

No

The value of silver and gold hasn't changed since the days of the Roman Empire. Back then an ounce of gold would buy a toga, belt, and shoes for Roman senator. You can still go into a high end clothing store and buy a suit, tie, shirt and shoes for the value of an ounce of gold

And in ten years a ounze of gold will purchase that same suit........... it may cost $80000 by then, but an ounze of gold will buy it, just the same.

If you look at the dollar value over the years and set the index at the value of1910 dollars the dollar at that time was double in value what it was the late 1700's.

OK.....

Sorry, but your subtle attempt to downplay what is going on was nothing but a massive fail.

You even try and pick fights wjhen folks agree with you.

And please don't say 'Sorry' when you don't mean it.



QUESTION:So do you hold gold or silver at this time?