The first viral closure of the US Mint’s high bullion production West Point facility was reported by SD Bullion late last month March 30, 2020.
Yet here we are, again, only a few weeks later with yet another US Mint closure announcement with an indefinite timetable of return.
Hello this is James Anderson of SD Bullion.
US citizens, did you receive your $1,200 fiat Federal Reserve note bailout checks or direct deposits yet?
Here was current US Treasury Secretary Steve Mnuchin late last month explaining how long they should last you and your overhead expenses.
Over 22 million filings for unemployment have been made in the last 4 weeks.
In a country of about 160 million official workers, that means about 1 in 8 are without employment now.
So once again the private Federal Reserve central bank is again failing this half of its mandate with unemployment already in the teens or percentages and possibly headed to 1933 Great Depression levels and beyond. As admitted by their very own Federal Reserve blog, an article of their research department we covered last week on our SD Bullion blog and video channel.
The private Federal Reserve updated their balance sheet this week.
Looking at the figures and growth over the last 12 months of time, the Federal Reserve is mainly blowing out their balance sheet by straight up monetizing US Treasury IOUs and extending loans to foreign central banks around the world using fresh fiat Federal Reserves notes drawn from computer keystrokes which they consistently remind us and the world are infinite in supply.
Unfortunately they have to explicitly define for us all what each of these now $6.4 trillion fiat Fed notes might buy in real world goods or services say 10 to 20 years from now.
Look Mom, no grey bars pic.twitter.com/B5biY0sAHV— James Henry Anderson (@jameshenryand) April 18, 2020
Financial journalists at Wall Street On Parade juxtaposed ongoing Mainstreet vs Wall Street bailout totals recently on their website.
If we add up the cumulative $9 trillion in NY Fed Repo loans ongoing since mid September last year to now and the $4.54 trillion in US Treasury, Federal Reserve un-auditable, FOIA resistant, bailout slush fund from the recently passed Care Act.
We now have a running loan total of $13.54 trillion loaned to Wall Street’s primary dealers and connected corporate insiders versus possibly $1.7 trillion for average Main Street US citizens.
Laugh sure, beats crying.— James Henry Anderson (@jameshenryand) April 17, 2020
Wall Street Bailout $13.54 trillion (REPO included)
Mainstreet $1.7 trillion (+22 million jobs lost already)
They're screwing average US citizens harder than ever.pic.twitter.com/rTEErfgvnA
Apparently stealing recent secrecy maneuvers by the private Federal Reserve and US Treasury, the lead lawyer of the COMEX’s CME Group filed multiple letters with the CFTC (a Working Group on Financial Market member agency) late last month. Citing for competition purposes, the new hardly traded yet COMEX 400 oz 4GC futures contract should be protected too by Freedom of Information Act (FOIA) requests.
We covered a few recent abrupt COMEX & LBMA rule change collusions just a few days ago in a video entitled, “COMEX Gold Fractional Reserves Nearly Double”.
Below you can catch up on that ongoing desperate and supposedly unauditable COMEX rule change.
Meanwhile the COMEX futures vs London spot price divergence continues near 45 year nominal high divergences.
While gold and silver investors continue pouring record sized capital in precious metal funds preparing for the inevitable rise to $2,000 oz gold and beyond.
It is only a matter of time before spot prices are forced to reflect this new infinite ∞ QE vs limited bullion supply reality.
That’s it for this week, take good care of yourself and those you love out there.