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Old 04-13-2020, 05:42 AM
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Boats Boats is offline
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Join Date: Jul 2002
Location: Sauk Village, IL
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Exclamation Covid-19: Financial Distancing & More

Covid-19: - Financial Distancing
Re: https://ag.allegiancegold.com/covid1...paign=Covid-19

Talk about panic posting - this would be terrible!

Now here's something you don't want to hear! If there's any truth in it - it is something none of us want to hear!

The market is in a free fall, unemployment application surpassed 10 million in matter of days, dollar is weakening with government injection of more than $2.2 Trillion, 30-Year Treasury Yield is below 1% for the first time in our modern history, crude oil crashing, Fed constantly cutting rates and now with the Covid-19 virus reaching an uncontrollable level expected to claim more than 240,000 deaths in U.S. alone, it is forcing grocery stores, businesses to close and government debt to skyrocket.

We as Americans, for the first time, are forced to endure two catastrophic events. The Coronavirus and never seen before Greater Depression.

Jim Rodgers 77 years old famed investor, says that the bear market would be the worst in our lifetime. It will outdo both the dot-com and the 2008 financial crisis. A market crisis that is never been seen before. It could rival and surpass the “Great Depression”.

On the other hand, the Coronavirus is a proven weapon against all systems. It crashed the economy in weeks, halted aviation, demonstrated to be immune to any medication out there, handcuffed our army’s abilities to fight it, yet most dangerously posing to be a risk to any form of humanity. It is a virus that started with a lockdown and could lead to a complete shutdown.

Americans, brace yourselves for a rough time. A time that could be worse than the Spanish Flu and Great Depression combined. A time of civil war that can be caused by scarcity, hunger and survival instead of hatred, race or religion.

I know that this sounds like a great fiction movie script, but it is an unfortunate reality that is taking place. Has it occurred to you what might happen When it gets worse and the shutdown results in no access to cash, medications and/or food?

As a result, we are witnessing investors and baby-boomers rush towards a proven asset that stood against time, and provided hedge against market crash, currency restrictions and devaluation. An asset that ensured survival of our race for thousands of years.

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Personal note: Now these are the kind of reports that do more harm then good. Sure it could happen at any time - but to relive the past failings of our economy you would think there would be safeguards to prevent this? Are we going this way or is it a hype to stir up panic!? I don't think we are there yet - but it is showing some insecurity in many folks with the news of late. Were we unprepared? Yes it seems like it! Will it recycle can come back again in the fall? It depends on the next couple of months. If you think about it - its like a war on humanity - regardless of political interpretations being given out. Just the word Pandemic scares the hell out of everyone! Are we being recycled by these events?

To some degree we find ourselves feeling a little insecure as the cause is known but the cure is not. Panic - you bet - more to come - most likely. Will the events above come about? Not sure but its showing signs that governments are not equipped to handle these events - even though they say they are. Do we feel a little insecure? Yes and No right now but - if this disease recycles or mutates - things could get a lot worse. Excuse this next statement but I haven't heard any fat ladies singing. Should we take our savings out of the banks before they default? Whew! never thought I say that. Will it be worth anything? These are issues being posted of late. It's disturbing to say the least and of course can generate panic world wide. We've got to get handle on this virus and get ourselves back in order before much longer. But our leadership has to tell us the TRUTH and not B.S. us in their reporting. The facts prove this is currently out of control - and the hospitals and morgues are good indicators. What will you do? Have a plan? Or are we all over-reacting and things ain't really as bad as it seems? Hmm!

Boats
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Boats

O Almighty Lord God, who neither slumberest nor sleepest; Protect and assist, we beseech thee, all those who at home or abroad, by land, by sea, or in the air, are serving this country, that they, being armed with thy defence, may be preserved evermore in all perils; and being filled with wisdom and girded with strength, may do their duty to thy honour and glory; through Jesus Christ our Lord. Amen.

"IN GOD WE TRUST"
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