Gold Resource Corp (GORO)

[GORO2020]

From the Federal Reserve Bank of San Fransisco......If Oscar Jorda is anywhere close to being Right, The Wealth you have lost and/or about to loose that is Dollar Denominated....Bought with Fiat Currency may never be recovered in your Lifetime.

This IS another WARNING to Sell Dollars and BUY GOLD.........All You CAN............When EVER You CAN!!!!!!!!!!!

Longer-Run Economic Consequences of Pandemics

Longer-Run Economic Consequences of Pandemics
By Oscar Jorda, Sanjay R. Singh, and Alan M. Taylor

How do major pandemics affect economic activity in the medium to longer term? Is it consistent with what economic theory prescribes? Since these are rare events, historical evidence over many centuries is required. We study rates of return on assets using a dataset stretching back to the 14th century, focusing on 12 major pandemics where more than 100,000 people died. In addition, we include major armed conflicts resulting in a similarly large death toll. Significant macroeconomic after-effects of the pandemics persist for about 40 years, with real rates of return substantially depressed. In contrast, we find that wars have no such effect, indeed the opposite. This is consistent with the destruction of capital that happens in wars, but not in pandemics. Using more sparse data, we find real wages somewhat elevated following pandemics. The findings are consistent with pandemics inducing labor scarcity and/or a shift to greater precautionary savings.

Cut and paste the link......

file:///C:/Users/jomam/AppData/Local/Temp/pandemics_jst_mar2020_.pdf


10 Signs The US Is Heading For A Depression

10 Signs The US Is Heading For A Depression
by Mike Whitney via The Unz Review

1– Unemployment is off-the-charts

Thursday’s jobless claims leave no doubt that the country is in the grips of another severe recession. More than 6.6 million Americans filed for unemployment insurance in the last week. That number exceeds the gloomiest prediction of more than 40 economists and pushes the two-week total to an eye-watering 10 million claims.

“Those at the lower end of the wage scale have been especially hard-hit during a crisis that has seen businesses either cut staff outright or at best freeze any new hiring until there’s more visibility about how efforts to contain the coronavirus will work.

“We’ve lived through the recession and 9/11. What we’re seeing with this decline is actually worse than both of those events,” said Irina Novoselsky, CEO of online jobs marketplace CareerBuilder.” (CNBC)


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Well that didn't take long........Next Stop $9 TRILLION!!!!!!!!

Fed's Balance Sheet Hits $6 Trillion

Fed's Balance Sheet Hits $6 Trillion: Up $1.6 Trillion In 3 Weeks
by Tyler Durden ZeroHedge

"We're going to need a bigger chart."

That's all one can say when seeing what happened to the Fed's balance sheet in the past week.

According to the Fed's latest weekly H.4.1 (i.e., balance sheet) update, as of April 1 the Fed's balance sheet hit a record $5.811 trillion, an increase of $557 billion in just one week. And when one adds the $88.5BN in TSY and MBS securities bought by the Fed today...



... we can calculate that as of close of business Thursday, the Fed's balance sheet was an unprecedented $5.91 trillion, an increase of $1.6 trillion since the start of the Fed's unprecedented bailout of everything on March 13 when the Fed officially restarted QE. And since we know that tomorrow the Fed will buy another $90 billion, we can conclude that as of Friday's close, the Fed's balance sheet will be a nice, round $6 trillion.



Finally, here is what the Fed's balance sheet looks like over a longer timeframe: it shows that in just the past 3 weeks, the Fed's balance sheet has increased by a ridiculous $1.6 trillion - the same amount as all of QE3 did over 15 months - and equivalent to an insane 7.5% of US GDP.



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GOLD PEOPLE it's going to be the only ASSET that will hold its Value in this DECADE!!!!!!!!!!!!!!!!

It Begins!!!!!!!!!!!!!


Depression Strikes America, Looting Begins

Depression Strikes America, Looting Begins, Panic Searching "Buy Ammo" Hits Record
by Tyler Durden ZeroHedge

With a labor market in freefall, ten million Americans have lost their jobs in two weeks. CNN reported Thursday afternoon that stimulus checks for households could take up to 20 weeks, which is creating a perfect storm of possible social unrest.

The Federation of Red Cross and Red Crescent Societies recently warned that a "social bomb could explode at any moment" over Western cities. That is because the evolution of the pandemic, which has crashed the American economy into a depression, could result in social unraveling in major metros, specifically in low-income areas.

We've noted in the last several weeks that Americans are panic hoarding guns as the fear of social unrest could be imminent. President Trump signed an executive order last Friday that allows for up to one million National Guard and reservists to be called up to fight the virus or be used to maintain social order.

With lockdowns across the country, the National Guard has been deployed across many states. Here are some sights from Baltimore:


Signs of social unrest are already starting to develop this week. Law enforcement agencies in South Carolina and California have charged people with looting businesses during the shutdowns, reported The Sun.

Police in Santa Cruz, California, arrested five people who were robbing businesses in the city, despite a "shelter-in-place" public health order enforced by the state government.







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