In this article by Michael Snyder, he states that the mainstream media is portraying the USA economy as strong and the future outlook is bright. However, according to John Williams of shadowstats.com, if the real numbers were actually used, it would show conclusively that we have been in a recession for some time. In line with this viewpoint is the significant number of large corporations that are laying off workers.
Here are just a few of the companies reducing their workforce: Ford Motor, Nestle SA, 3M, and MGM Resorts International. Furthermore, Dressbarn is closing all of their approximately 650 stores.
Snyder suggests building an emergency fund. While we agree with this strategy, we would add that owning tangibles such as gold and silver coins and bullion are also very important. Our “Be Your Own Bank’ strategy is three-pronged. The first tier is to keep one month of cash in your checking account and replenish to pay bills. The next tier is to keep several months of cash to cover expenses in a fireproof lockbox in your possession. The third tier is to own precious metals of silver and gold coins and bullion to be kept in your personal possession.
We offer a FREE consultation to discuss your investment strategy.
Call us today at 817-825-2036.
Click on the link below to read this revealing article in its entirety.
Even Before The Recession Has Officially Begun, Some Large U.S. Firms Are Laying Off Thousands Of Workers
May 20, 2019 by Michael Snyder
If you haven’t signed up for our newsletter “EAGLE ALERTS”, please CLICK HERE to give us permission to email you future issues of “EAGLE ALERTS”. We know you want to get the latest ALERTS in the Gold & Silver Market and our insight on what it takes to be prepared in these times of uncertainty. It is our pleasure to serve you and we do appreciate your business!
Jill Taylor Gordon, CEO
Eagle European Capital LLC
Eagle European Capital, LLC - EAGLE ALERTS Newsletter - Published Monthly
Copyright © 2019 Eagle European Capital LLC, All rights reserved.