Silver as an investment

Category Archives: Rust Belt

Intel CEO Resigns From Trump Manufacturing Council Over “Divided Political Climate”

The CEOs on President Trump's Manufacturing Council are dropping like flies as they realize, one by one, this weekend's media mayhem surrounding Trump's comments about the chaos in Charlotteville is the perfect excuse to detach from the Trump bandwagon. Following Merck's Ken Frazier and Under Armour's Kevin Plank, Intel CEO Bryan Krzanich chose to resign […]

Illinois Had The Worst Personal Income Growth In The U.S. Over The Past Decade

Submitted by Austin Berg, of Illinois’ jobs growth was worse than every neighboring state, and half the neighboring state average from June 2016 to June 2017, according to a new report. Data released July 27 by the Illinois Department of Employment Security, or IDES, reveals Illinois’ jobs growth from June 2016 to June 2017 […]

Why Foreign Robots Are The Real U.S. Job Killer

Over the past several months President Trump has called out pretty much every major auto OEM for their efforts to move low-skilled assembly jobs to Mexico.  But absent new tariffs, it’s not terribly surprising to most people that American companies would seek to move low-skilled, labor-intensive jobs to lower cost labor markets…the math is pretty […]

Loonie Tumbles After Canadian Economy Unexpectedly Crashes Back Into Contraction

After 4 straight quarters of MoM growth in GDP, the Canadian economy plunged 0.3% in Q4 (considerably worse than the 0.0% expectations) despite a resugenece in crude prices. The Loonie is tumbling, back at 5-week lows, as manufacturing shrank a shocking 2.0% YoY – most since 2013. Goods-producing sector fell 1.3% m/m in Oct. Service-producing […]

The Death Of The Rust Belt

via the economic collapse blog Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Their names are familiar to all of us: Cleveland, Flint, Youngstown, Saginaw, Gary, Toledo, Reading, Akron, Flint and Buffalo were all once booming manufacturing cities that were absolutely packed with thriving middle class families.  But […]

Pro-Union, Crony-Capitalist Thinking Dooms Another Employer

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. / By Christopher Westley / Wednesday, October 16, 2013 It’s an old story. A manufacturing plant in a small town announces an impending closing, threatening to devastate the local economy and the many families that depend on it. Panic ensues, and politicians […]