The Austin Report

News & Opinions About Gold & Silver

October 04, 2023

Covid19 Pandemic

Can Dems Outspend Trump on Covid?

Can Dems Outspend Trump on Covid?

Covid19 Pandemic, U.S. Debt Bomb
Not a single Presidential candidate mentioned the $27.7 Trillion Dollar national debt. Trump didn’t discuss debt. It’s likely Biden won’t discuss the national debt either. Talking about debt is verboten! In the recent election, I heard Senate and House candidates…
Corporate Bankruptcies 2nd Only to Great Recession

Corporate Bankruptcies 2nd Only to Great Recession

Covid19 Pandemic
It’s inevitable that the Coronavirus would drive up bankruptcies with stores closed, workers locked down in their homes, and 400,00 Americans dead. This Statista.Com chart shows the depth of the Coronavirus Pandemic financial impact as 244 corporations with liabilities larger…
Economy Is Not What You’re Expecting

Economy Is Not What You’re Expecting

Covid19 Pandemic
It was the best of times, it was the worst of times— It was the era of 5G internet, free iPhone 12s. Live sports games on TV, nearly empty stadiums. Stock Market highs, but 10.7 million Americans unemployed. Booming housing…

When Leaders Lie, We All Suffer

Boom and Bust, Covid19 Pandemic
Democracy is founded on the idea that an educated and well-informed electorate will make decisions that are the best for solving problems and moving the country forward for both the majority and minority. The problem is that leaders lie, they…

A World Debt Explosion

Boom and Bust, Covid19 Pandemic
Debt-to-GDP Rises Around the World In 2020, the world’s economy was created by borrowing money as the debt chart above details. The VisualCapitalist.Com has done an excellent job of communicating a world of growing debt, by nation, and by the…

Beware Covid 19 Vaccine Scams

Covid19 Pandemic
As the country begins to distribute COVID-19 vaccines, there’s no doubt scammers are already scheming. Medicare covers the COVID-19 vaccine, so there will be no cost to you. If anyone asks you to share your Medicare Number or pay for…

Retail Sales Fell 1.1% in November

Covid19 Pandemic
Wed, December 16, 2020– The U.S. Commerce Department reported today Retail sales fell 1.1% in November, the biggest drop in seven months. For the struggling U.S. economy that remains in a recession, it’s evidence that millions of unemployed Americans have…