Thanks Joe Biden! Ever since you entered the White House, economic conditions have taken a major turn for the worse. We have been experiencing the most painful inflation crisis since the Jimmy Carter era, more than 60 percent of Americans are living paycheck to paycheck, the U.S. actually lost 585,000 full-time jobs last month, consumers now owe more than a trillion dollars on their credit cards, the housing bubble has started to burst, and the most dramatic commercial real estate crisis in U.S. history has begun. Needless to say, the American people are fed up. According to a brand new Reuters/Ipsos survey that was just released, a whopping 73 percent of all Americans believe that the economy is in worse condition than it was five years ago…
Americans have soured on Bidenomics, concluding that the U.S. economy is worse now than it was five years ago under former President Donald Trump’s leadership, a recent Reuters/Ipsos survey found.
The overall survey found that Americans view economic issues as some of the most “pressing problems” of the day. Overall, nearly half, 49 percent, of Americans view inflation as the most important issue facing the country. Further, nearly three-quarters of Americans, 73 percent, say the economy is worse off now than it was five years ago, under Trump’s leadership. A majority, 64 percent, also believe the economy is worse off than it was in 2020, when the coronavirus took a grip, forcing businesses to close.
Those are horrible numbers Joe.
So do you actually have a plan to turn things around if you win a second term, or should we just expect more of the same?
You and your family are probably not feeling the pain of inflation because of the millions of dollars in bribes that you have received from foreign officials, but the truth is that “scorching-hot inflation” has been causing “severe financial pressures” for the rest of us…
Scorching-hot inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily affected by price fluctuations.
The latest inflation numbers just came out, and we are being told that the annual rate of inflation has gone up to 3.2 percent.
But if the rate of inflation was still calculated the way that it was back in 1980, the annual rate of inflation would be well into double digits right now.
The cost of living is rising much faster than our paychecks are, and we want you to do something.
It is even becoming a lot more expensive to watch television. In less than two years, the cost of a Disney+ subscription has gone up by 75 percent…
The Disney+ streaming service lost 300,000 subscribers in the United States and Canada in the most recent quarter — an ominous sign for the studio as it continues to pour billions of dollars into new streaming content that is flopping with viewers.
To make matters worse for its fans, the Walt Disney Company is hiking Disney+’s monthly subscription price to $13.99 from $10.99 — a 27 percent increase. Last year, the price rose to $10.99 from $7.99, which means Disney+ subscribers will see their monthly bill climb a total of 75 percent in less than two years.
U.S. households are being squeezed financially like never before, and most of them are just barely scraping by from month to month…
And right now, only 46 percent of Americans say they could cover an unexpected $400 bill without taking on debt.
That’s not to mention that a majority are living paycheck to paycheck.
Credit card debt tops $1 trillion for the first time in U.S. history.
And, in the second quarter of 2023, 36 percent more people drained their retirement accounts to make ends meets, compared to the same period last year, according to Bank of America’s analysis of its clients’ employee benefits programs.
And in recent months large companies all over America have started to conduct mass layoffs. In fact, the number of job cuts in 2023 has already exceeded the total for all of last year.
Sadly, our problems appear to be accelerating. Last week, the number of Americans filing initial claims for unemployment benefits shot up to 248,000. That was an increase of 21,000 from the week before.
Meanwhile, the housing bubble is bursting thanks to the Federal Reserve’s relentless rate hikes.
The average rate on a 30 year fixed mortgage is now hovering around the 7 percent level, and this is keeping millions of potential buyers on the sidelines…
The 7%+ mortgages are doing their magic on the housing market as they keep buyers out of the market, and home sales sagged further in late July and August, from already dismal levels, as indicated by weekly applications for mortgages to purchase a home.
The average interest rate on 30-year fixed-rate mortgages with conforming balances jumped to 7.09%, from 6.93% in the prior reporting week, the third highest since January 2002, with only two weeks last November having been marginally higher than this reporting week, according to data from the Mortgage Bankers Association today.
So what are you going to do Joe? Do you have a way to pull us out of this mess? Of course if you actually had a plan to save the economy you would have implemented it already.
There is no hope for our short-term economic future. Economic activity is steadily slowing down all over the nation, the U.S. consumer is reaching a breaking point, and it appears that a recession is rapidly approaching.
And if we stay on the path that we are currently on, the long-term outlook is far worse.
Bidenomics has been a complete and utter failure, and current economic conditions are starting to eerily resemble what we went through in 2008 and 2009.
It would be wonderful if you would take responsibility for your part in creating this giant mess, but I am sure that you will continue to insist that all of our problems are somebody else’s fault.
Michael’s new book entitled “End Times” is now available in paperback and for the Kindle on Amazon.com, and you can check out his new Substack newsletter right here.
Article cross-posted from The Economic Collapse Blog.
Why Bullion Beats Numismatics and Collectible for Your Safe or IRA
Precious metals continue to attract Americans seeking reliable ways to protect their wealth amid inflation, geopolitical risks, and stock market swings. Whether stored in a home safe or held inside a self-directed IRA, physical gold and silver deliver tangible value that paper or digital assets often lack. Yet investors must choose carefully between bullion—pure bars and coins valued mainly for their metal content—and numismatics or collectibles, where rarity, history, and collector demand heavily influence pricing.
Advisor Bullion serves as a dependable source for straightforward, high-quality bullion. The company specializes in physical gold, silver, platinum, and palladium, emphasizing transparent pricing and products that deliver maximum metal content for every dollar spent. This approach makes it ideal for both personal holdings and retirement accounts.
Bullion consists of refined precious metals in standard forms like one-ounce coins (American Gold Eagles, Silver Eagles, Canadian Maple Leafs) or bars. Their value tracks closely to the current spot price of the metal. A typical gold bullion coin trades near the live gold spot price plus a small premium. This structure keeps costs clear and predictable.
Numismatic coins and collectibles add substantial value from factors such as age, rarity, minting errors, or historical significance. A pre-1933 U.S. gold coin or graded proof piece can carry premiums of 30%, 50%, or even 200% above melt value. While this appeals to hobbyists, it creates complexity. Pricing depends on subjective grading, collector trends, and auction results instead of daily spot prices.
For investors focused on wealth preservation and retirement security rather than building a collection, bullion often delivers better results.
Lower Costs and Better Liquidity for Home Storage
When keeping metals in a home safe or private vault, liquidity and efficiency count. Bullion offers clear benefits:
- You acquire more actual gold or silver per dollar invested. Numismatics divert a large share of your money into rarity premiums and massive sales commission, reducing your metal exposure.
- Selling bullion involves tight bid-ask spreads, so you recover nearly full spot value with minimal fees. Collectibles require finding the right buyer and may sell at a discount if demand for that specific item weakens.
- Bullion prices remain transparent and update with global spot markets. You can track gold near current levels or silver accordingly and know exactly where your holdings stand. Numismatic values are priced by the Gold IRA companies with hefty margins applied.
- Standardized coins and bars store efficiently and divide easily for partial sales. Rare coins often need protective slabs and controlled conditions, adding hassle and expense.
- Bullion enjoys worldwide acceptance. A 1-oz Gold Maple Leaf or Silver Eagle sells quickly to dealers anywhere. Niche numismatic pieces may appeal only to limited buyers, slowing liquidation when speed matters.
In times when quick access to value becomes important, bullion’s simplicity stands out.
Stronger Fit for Precious Metals IRAs
Precious metals IRAs continue gaining traction as investors diversify retirement portfolios beyond stocks and bonds. IRS rules permit certain bullion products in self-directed IRAs if they meet purity standards (.995 fine for gold, .999 for silver) and are held by an approved custodian. Eligible items include American Gold and Silver Eagles plus many generic bars and rounds from recognized mints.
Numismatic and most collectible coins generally face heavy scrutiny from custodians due to valuation disputes and elevated markups. These higher premiums mean less actual metal ends up working inside the account.
Bullion avoids these issues. Its value links directly to verifiable spot prices, which simplifies reporting and lowers the risk of regulatory challenges. More of your IRA contribution purchases real metal instead of dealer profits or speculative upside. Over time, owning additional ounces that appreciate with the metal itself can create meaningful outperformance compared with high-premium alternatives that deliver fewer ounces.
Regulatory guidance from the CFTC and state securities offices repeatedly cautions against aggressive sales of expensive numismatics or “semi-numismatic” coins for IRAs. For retirement planning, transparent bullion from established providers reduces risk and aligns better with long-term goals.
How to Get Started with Bullion
Begin by clarifying your goals. Are you protecting savings in a safe, or moving part of a retirement account into a precious metals IRA? Focus on the number of ounces you can acquire at current prices rather than chasing marked-up collectibles.
Diversify sensibly: use gold for core preservation and silver for its blend of industrial and monetary qualities. Mix coins for easier divisibility with bars for lower per-ounce costs on larger buys. Arrange secure storage—whether at home with proper insurance or through professional facilities.
As economic uncertainties linger and faith in conventional assets erodes, bullion continues proving its worth as a dependable store of value. Its direct approach avoids the hype that sometimes surrounds collectible markets and keeps the focus on the metal itself.
For investors prepared to strengthen their portfolios, Advisor Bullion supplies the expertise and selection needed to acquire high-quality bullion efficiently. Whether building personal holdings or integrating metals into an IRA, their emphasis on transparent, investment-grade products helps secure more ounces today that support greater financial security tomorrow. In a complicated financial landscape, bullion’s clarity and reliability make it the smarter foundation for protecting what matters most.