What a way to ring in the holidays, and the New Year, for that matter. While many people around the world are nestling in with friends and loved ones, many thousands are stuck worrying about the possibility of being jobless and without prospects for work in 2019.
You may have already heard that GM was laying off thousands of workers as well as Starbucks deciding it will close an additional 150 stores next year, in addition to eliminating 350 corporate positions, but even smaller companies that you have never heard of are making significant reductions to their workforce to match the current economic and business climate in the US- and the world.
While many General Motors employees have already taken the voluntary buyout offer of their employment contracts, many more are holding on and will likely be targeted for release in January of 2019. This, after American taxpayers bailed out a failing GM in 2009 with a large sum of money to save the company, which of course no Americans even got to vote on.
Just How Bad Could the Economic Bubble and Ensuing Pop Get?
GM is also being accused of treason, deciding to move their operations to China where they will enjoy cheaper labor and a complete lack of human rights, democracy, and freedom that a pesky factory worker might try to claim someday in an attempt to maintain their own humanity.
The US/China trade war could eventually turn into a shooting war 10 – 20 years down the road according to investor Jim Rogers, who says that Donald Trump is making enemies around the world with his protectionist policies. Still, it’s hard to fault Trump for deciding to finally make an attempt no other US President has ever tried to do and that’s get China to deal fair and stop putting tariffs on US goods while getting free trade from their biggest customers around the world.
In addition to dealing dishonestly with other countries on trade, China is no stranger to a potential housing market crisis either, now home to over 50 million homes with no inhabitants, and too expensive to sell or rent out to Chinese citizens. Many ghost cities have now become a regular thing in China, and what others have overlooked is that the amount of debt the Chinese government has taken on in recent years is astronomical compared to western countries.
The difference is, China, being communist, tends to fudge the numbers on everything to an unheard degree. Many people just a few blocks away from Tienenman Square to this day are not even aware that a massacre occurred there 30 years ago, and why would they? The Communist party blocks and censors the web and conceals any details about what happened that June day in 1989.
Why You Should Get Gold and Silver While You Still Can
Gold and silver are set for meteoric rises once the economic everything bubble pops. Smart investors find the most undervalued, underappreciated assets and invest in them after they have flattened and forged a solid level of stability, and gold and silver have been steadily holding the ground they achieved ever since the turn of the century for the last 5 years.
One of the best ways to hold gold and silver is through a precious metals IRA. You can opt for taking delivery of the gold or silver while still retaining all the tax benefits of a traditional or Roth IRA.
Many people who transfer jobs or retire end up rolling over their 401k to gold IRAs so they can have the peace of mind of a stable currency and hard asset that never seems to lose its value among print-happy governments and unscrupulous politicians and bureaucrats hell-bent on preserving the status quo, often at the expense of the middle class, which America actually used to have.
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