American Suicide Rate Surges




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When economic times are rough, suicide rates tend to surge. This point has been debated. Yet it seems like common sense that when people have no opportunities and no perceivable chance at a better future… they may be more likely to take the easy way out.

The New York Times reports that the suicide rate in America has surged to a 30-year high:

The suicide rate for middle-aged women, ages 45 to 64, jumped by 63 percent over the period of the study, while it rose by 43 percent for men in that age range, the sharpest increase for males of any age. The overall suicide rate rose by 24 percent from 1999 to 2014, according to the National Center for Health Statistics, which released the study on Friday.

The increases were so widespread that they lifted the nation’s suicide rate to 13 per 100,000 people, the highest since 1986. The rate rose by 2 percent a year starting in 2006, double the annual rise in the earlier period of the study. In all, 42,773 people died from suicide in 2014, compared with 29,199 in 1999. “

The article goes on to state that “the data analysis provided fresh evidence of suffering among white Americans”. Then other factors immediately come under scrutiny, such as education. And yet, in the same paragraph the article notes that:

“The new report did not break down suicide rates by education, but researchers who reviewed the analysis said the patterns in age and race were consistent with that recent research and painted a picture of desperation for many in American society. “

 While it gets acknowledged that despair has been created as a result of poor economic conditions, and that seems a plausible link to suicide, this very same logic then gets questioned and doubted. A strange sort of Orwellian doublethink gets employed: realities become admitted and negated at once.

“There was a consistent pattern,” he said, which held for all ages between 25 and 64. “When the economy got worse, suicides went up, and when it got better, they went down.”

“But other experts pointed out that the unemployment rate had been declining in the latter period of the study, and questioned how important the economy was to suicide.”

What “other experts” have been conjured up here? Why do their names happen to not be worth mentioning?

In addition, the unemployment rate had been falling due to labor force participation rate falling, as seen here. So the unemployment rate didn’t go down because people found jobs. It went down because they gave up looking for jobs.

It makes me sick to see such obvious rhetorical tactics being used regarding such a serious issue. Any real American publication ought to assert that our lack of freedom has caused our economic distress, and that it must be restored if we are to ever regain our lost prosperity. The founding fathers of America warned about big federal government and private central banks. We have seen the results of not heeding that warning over the past century and in particular the past decade.

What do you think? Does America need to return to its former free state and leave the rest of the world alone? Or does it remain exceptional? Feel free to leave your thoughts in a comment below, and to share this post on social media.

Continued Capital Flight To Crypto, Silver

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As I noted recently, cryptocurrency has seen some rather large capital inflows as of late. Now the gains I noted before appear to be miniscule.

At the time of this writing, market cap of Bitcoin stands at 6.925 Billion, according to Coindesk.com. That reflects an almost $300 million increase in little over a week, resulting in a USD price rise of over 5% in the same time frame.

While some of this appears to be new capital coming into the market, some of it may just as well be due to big players or “whales” manipulating price action. Many forums can be found discussing in detail the evidence surrounding such claims.

One thing’s for sure – both the precious metals and cryptocurrency markets have began 2016 with a bang. Silver has been the best performing commodity in Bloomberg’s commodity index so far this year. And Bitcoin has been on a tear, while several altcoins have been increasing in market cap as well.

Could it be that the world has begun to awaken to the insanity of the central bankers’ historic, unprecedented actions and policies? Have we begun to enter a period of enlightenment, whereupon millions and then billions seek freedom from the tyrannical system of fiat financial bondage?

What do you think? Feel free to leave your thoughts in a comment below and share this post on social media.

Silver Soars




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April 19th, 2016 will indeed be remembered as a historic day – a day when silver soared.

The Chinese have announced their involvement in precious metals markets. This has caused dramatic spikes in silver and gold in USD terms. Silver has reached new highs for 2016, touching $17/oz., while gold appears to be holding above the important $1250 mark (4/20/16 Update – gold has since fallen just below that mark).

Here’s what Zerohedge had to say about today’s moves:

As we reported earlier, the buying accelerated this morning, when ongoing demand for the precious metal pushed it to fresh 10 month highs above $17/ounce. One reason suggested for the buying came from Reuters, which said “that there is heavy buying in silver in Shanghai, and that has triggered buying in gold as well,” said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.

 

This may just be the beginning as technicians are finally starting to pay attention.

The timing of these moves was not made at random by the Chinese.   Once again the East has proven to be three steps ahead of the West in the game of geo-political chess.

Note that no matter what the motivations behind this move, or whether or not the rally sustains itself, technical levels have been breached in both SLV and GLD. Therefore, one can expect this to be the beginning of a bigger move, as Zerohedge states.

Indeed, when looking at the 5-year chart for Silver, it seems obvious the downward trend has been broken. And if you zoom-in and look at the 1-year or the 3-month…WOW.

Just today, CNBC covered “Silver’s Sterling Rally”, and even they pointed out the brilliance of the charts. This has been one of the most long-awaited moves in history. And it has only just begun.

For years, silver was so undervalued that demand kept building and building. As I’ve noted before, in the first quarter of 2016 alone, more American Silver Eagle coins for investment purposes were sold than during the entire year of 1996.

As central bankers take us deeper into the black-hole oblivion of negative interest rates, more and more people will rush into silver and gold to avoid such insanity.

The system has begun to come unhinged at the seams. An avalanche has been initiated, and nothing will stop it. One can either stick one’s head in the snow and say it’s not happening, or prepare to jiu-jitsu that monstrous momentum into something beneficial.

What choice will you make?  Do you think silver will soar, or stagnate?  Feel free to share your thoughts in a comment below, and share this post on social media.