- Silver Report Uncut
Food banks are beginning to see insane demand and in NYC is ground zero for the emergency food crisis. Food banks in NYC have seen a 500% increase in demand as over 1 million people are now depending on food banks to get by, for a city of 8 million which means 1/8 of NYC’s population is not experiencing the V-shaped recovery yet. How did you go broke? a little at a time then all at once. The little at a time part is already behind us and the size of these spending packages continues to increase. It should be clear it is unsustainable to prop up corporate bond markets in this way and the record pace of deficit spending has put us on a crash course with reality. Unfortunately we seem to be reaching the stage at which we begin to lose control over the rate of inflation and the effects of the latest rounds of stimulus have yet to work it’s way through the system.