10% Of Las Vegas Renters Facing Evictions, Record Money Supply Growth Hits 22%, Inflation Warning
- Silver Report Uncut
10% of the population of Las Vegas is currently facing eviction that’s around 250000 renters. now the biggest reason that Las Vegas is facing so many addictions is the enormously high percentage of the population that are renters, Nancy Brune, Guinn Center called it “a bad confluence of events.” and that the “downturn had severely damaged Las Vegas as fewer people are coming to gamble at casinos.” Brune said “47% of households in the county are renters, of the renters, about 38% are currently unemployed.” and added “The bust cycle of Las Vegas could linger for a couple of years as the city must shrink to survive.” Now another point is when we frequently discuss gold and silver a lot of people there suggesting that they’re both overextended that gold price resting above $2,000 an ounce seems extreme but I wanted to point out a very significant change in our economy it happens to be the record M2 money supply growth. many economic analysts Point directly to M2 money supply as a gauge for the direction of inflation and so far we have exceeded 22% year-on-year which is truly unprecedented. gold and silver bear reacting to confidence in the fed and there is a growing expectation that inflation will be arriving shortly.
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I know we just saw a boost in the CPI but that’s not the type of inflation that we should be worried about that’s only the beginning rumblings of the storm. and money managers are reporting that a lot of investors are asking what type of investment strategy should they have to prepare for inflation many people are concerned inflation is on the horizon and typically whenever we have inflation fears it tends to drive up the price of precious metals the question you should ask yourself is are these inflation fears unfounded or do they rest on disturbing facts that many of us don’t want to look at. it seems we’re rapidly approaching the end of the US dollar and they’ve made a lot of money but the money printing has gone too far and like most nations that use fiat currencies it usually has consequences, we will pay for what they have done.
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