Sierra Madre Precious Metals

Cash may well become a casualty of the COVID-19 pandemic.

As these COVID-19 lockdowns drag out, more and more individuals and businesses are going cashless (for convenience and in a so-called effort to avoid spreading coronavirus germs), engaging in online commerce or using digital forms of currency (bank cards, digital wallets, etc.). As a result, physical cash is no longer king.

Yet there are other, more devious, reasons for this re-engineering of society away from physical cash: a cashless society—easily monitored, controlled, manipulated, weaponized and locked down—would play right into the hands of the government (and its corporate partners). Continue reading →

Covid-19 driven collapse of global supply chains, demand and mobility will painfully spawn next great tech-led economic models

Is the world on a collision course with the financial and economic equivalent of a meteor impact with shock wave? Fractal illustration: AFP

Nobody, anywhere, could have predicted what we are now witnessing: in a matter of only a few weeks the accumulated collapse of global supply chains, aggregate demand, consumption, investment, exports, mobility.

Nobody is betting on an L-shaped recovery anymore – not to mention a V-shaped one. Any projection of global gross domestic product (GDP) in 2020 gets into falling-off-a-cliff territory.

In industrialized economies, where roughly 70% of the workforce is in services, countless businesses in myriad industries will fail in a rolling financial collapse that will eclipse the Great Depression.  Continue reading →

AE Global Solutions Letter to President Trump: Date of Economic Death for the United States is May 1, 2020. [Appropriately, MAY Day ~ Ed.] Continue reading →

‘We don’t have to wait until May 1’

With some 95% of Americans under lockdown amid disaster declarations in all 50 states in response to the coronavirus pandemic, governors are making plans to reopen business and public life.

Texas Republican Gov. Greg Abbott wants to begin opening parts of his state next week, ahead of his previous May 1 target. Continue reading →

The coronavirus Small Business Relief program is a bucket of first come first serve moral fraud.

The New York Times says Small-Business Relief Effort ‘a Mess’

The Hill says Small businesses still struggling for loans even as $100B is approved

The Trump administration has approved roughly $100 billion of the $350 billion allocated for emergency loans to small businesses devastated by the coronavirus outbreak, Treasury Secretary Steven Mnuchin told lawmakers on Wednesday.

But the figure has done little to ease the rising fears of smaller businesses still struggling to access the funds — and growing ever-more concerned that the program is tilted in favor of larger enterprises with existing relationships with banks.
Continue reading →