Monday nCoV-2019 Economic Update

Monday Morning February 24, 2020

Gold at $1,679- an ounce. Up $70- since last Thursday.

Silver up to $18.59 an ounce – It will be close $19- an ounce by day end.

DJIA off at this writing -796 points and NASDAQ -272.

USD very strong, at $1.08 (up) to €1 Euro (down) and £1.28 (down).

As posted last Thursday February 20, 2020 titled nCoV-2019 Economic March Around the World, things economically are going bad.

This is bad news to all of you who have a 401K or IRA retirement account. Add to that bad news, this is just what Bernie Sanders supporters are hoping for. The contracting of the American economy by election day in November benefits the Democrat Socialists in our midst.

Please double check your 3B’s and make plans as appropriate while you have a job before the layoffs happen.

Freedom Through Self-Reliance®

 

Spread the love
                
By Published On: February 24, 2020Categories: News and Links5 Comments on Monday nCoV-2019 Economic Update

Share This Story, Choose Your Platform!

About the Author: johnyMac

5 Comments

  1. Pineslayer February 25, 2020 at 09:28

    Most of us have been talking about what a quarantine/lockdown looks like. Schools closing down, parents have to stay home or daycare providers getting over whelmed. Skeleton crews at power plants, hospitals, you name it. This might be good practice for how to deal with a long term SHTF scenario, this might be one. How many months would it take to recover from a 2 month ‘slowdown’? I do believe you are right about a possible major downturn benefiting the collectivist crowd. They were talking about it being the only way to beat the T man.
    Good luck everyone, it will get bumpy.

    • johnyMac February 25, 2020 at 10:44

      Yupper Pineslayer…Yupper.

      The November 2020 Presidential election is all about one thing for the left…Beating Trump! It doesn’t matter who gets hurt in the effort. Remember, the ends justifies the means…Machiavelli

      Thanks for reading and commenting Brother

  2. Cavguy February 25, 2020 at 11:48

    Ordered meds from VA.
    Hit local LDS Pantry for some extra staples
    Stocked up on prevention items n96
    Will get extra filters for truck today
    Planning to move the RV to a remote are in Idaho when the weather breaks up there.
    Can only haul so much!

    Cavguy

    • johnyMac February 25, 2020 at 12:32

      LOL Cavguy…You are all over it!

      Just as a side-note: The nCoV-2019 is just a bad cold not unlike the ones we get through-out the world during the winter months. At this writing, the morality rate is 2-3% certainly higher than the normal cold; However, that is a 2-3% morality rate in 2nd & 3rd world medical countries not USofA medical world.

      The enemy to worry about is our reliance on these countries to generate low cost products to sell here as well as around the world. I just did a quick browser look-up of what % of drugs (Over the counter and Rx) the USofA imports from China. Depending on what article you read, the range is 80-90% with antibiotics being 97%.

      That is just one product classification. There are 1,000+ more from electronics to tires. Only time will tell.

      Thanks for reading and commenting Brother.

  3. […] 20200224 – Monday NCoV-2019 Economic Update […]

Comments are closed.

GUNS N GEAR

Categories

Archives

Spread the love