Ultra-wealthy stocking up on gold; Fed debasing dollar… Tale of two recessions: Some Americans thrive as others suffer

Ultra-wealthy stocking up on gold; Fed debasing dollar…

ZURICH/LONDON (Reuters) – As stock markets roar back from the coronavirus-led rout, advisers to the world’s wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks’ cash splurge.

Tale of two recessions: Some Americans thrive as others suffer

 POINTS
  • The recession’s financial pain is concentrated among certain groups, like minorities, lower earners and women.
  • Others, especially White men, higher earners and those with higher levels of education, have been insulated.
  • The disparity even extends to those lucky enough to still have jobs, which is unique during downturns, experts say.

 

DEUTSCHE BANK: One-in-three chance of ‘massive’ disaster worse than COVID-19…

$10 TRILLION FEDERAL BUDGET MORE THAN SPENT ON 4 U.S. WARS COMBINED…

CNSNews.com) – A coalition of conservative leaders sent a letter to President Donald Trump and Senate Majority Leader Mitch McConnell (R-Ky.) warning that the congressional spending in the coronavirus must stop because it’s getting very close to $10 trillion, which is more than the government spent fighting the Revolutionary War, Civil War, and World War I and II combined.

The Save Our Country coalition, which is made up of conservative leaders, called on Trump and Republican congressional leaders to “Stop the Spending.”

The coalition consists of: Stephen Moore, co-founder of the Committee to Unleash Prosperity; Adam Brandon, president of FreedomWorks; Jim DeMint, chairman of Conservative Partnership Institute; Lisa Nelson, CEO of American Legislative Exchange Council; Arthur Laffer, Laffer Associates; Casey Mulligan, University of Chicago; Jenny Beth Martin, Tea Party Patriots; Grover Norquist, Americans for Tax Reform; William Bennett, former Reagan cabinet member; Brent Bozell, founder and president of Media Research Center; Scott Garrett, former member of Congress; Bob McEwan, Center for National Policy; Ed Meese, former Attorney General of the United States; Jim Miller, former Office of Management and Budget; and William Walton, Center for National Policy.

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