Fake News Dominated Mainstream Media In 2018!

Fake news dominated mainstream media in 2018 and if you fell for it, you undoubtedly paid the price. Mainstream news spent the entire year promoting the health of the U.S. economy, by celebrating an increasing GDP, the continuation of lower unemployment, and cheerleading new highs in the stock markets. But the first thing to realize is that the “health” of anything, including an economy, can change in an instant and in spite of good current vitals it takes an in-depth blood test to understand the full extent of health, or in the case of an economy, an in-depth examination to determine the root causes of current and anticipated conditions. But in any case, the data utilized has to be REAL.

According to the U.S. Bureau of Economic Analysis, the U.S. GDP fell 2.8% during the 2009 bust, but improved 3.0% in 2010. It achieved a 2.9% y-o-y increase in 2015, fell to a 1.5% increase in 2016, rose 2.3% in 2017, and rose again in 2018 with numbers not yet finalized due to the government shutdown. However, recent increases were a direct result of Trump Administration tax cuts and incentives, whose greatest effect was felt in Q2 ’18, have run their course, and will have little to no effect moving forward. Even the Federal Reserve is projecting the economy to slow to 2.3% in 2019, 2% in 2020, and 1.9% in 2021.

Unemployment may finally be finding its bottom, but even Former Federal Reserve Chair Janet Yellen had to admit that today’s numbers are the result of many part-time workers who try and would like to be full-time but just can’t find the work, but nevertheless now count as “employed.” Further, that most job growth has been in low-paying retail and food service industries and “some people have been out of work so long that they will never be able to return to the high-paying jobs they used to have.” She suggested that truing up the numbers would double the current rate.

All year long, headlines applauded the excitement of the raging stock market and what seemed to be near daily new highs at times. But now that the ether has thinned, smoke has cleared, and dust has settled, it’s plain to see that the excitement was mired in hyperbole, because it was the worst year for stocks in ten years. The Dow fell 5.6%, the S&P was down 6.2% and the Nasdaq fell 4%. More importantly, just as examples, the VIX volatility index spiked and the S&P 500 was up or down more than a point nine times in December alone. This is not volatility. It’s a death rattle before the bubble bursts completely.

Meanwhile, precious metals which had been the media’s doormat investment throughout the year fared better or even profited from the fiasco. Gold was down only 2.5% and the media’s most vocal naysayers were central banks, who also happened to be the commodities greatest buyer, hmm. In spite of the fact that 50% of silver mined is immediately utilized by industry, its price spent most of the year more than two-thirds lower than its all-time high and inexplicably in a silver:gold range between 75:1 and 85:1. Silver is practically a byproduct of gold mining and the ratio of silver-to-gold in the Earth’s crust is 17.5:1, hmm. Palladium, precious metals legitimate doormat for years laid waste to most other investments for the year by climbing nearly 16% in value and surpassing the value of gold. Did you hear about that in mainstream media? Hmm. Palladium has already achieved a 4.5% gain in the first ten days of 2019. Did you hear about that in mainstream media? Hmm. You’re free to jump back on the bandwagon and stick your head back in the media cesspool, but if you’ve grown weary of that routine and appreciate financial insight to financial incest, call American Bullion at (800) 653-GOLD (4653).

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