Intractable and Deteriorating Conditions Still Signal No Imminent Economic Recovery,
Irrespective of Some Bounces in March Activity Against Weather-Driven February Collapses

Monthly Annual and Post-Pandemic Payroll Declines Have Stabilized Around
Minus Six-to-Seven Percent for the Last Eight Month, Weakest Showing Since 1946

Annual-Change Gyrations Are Just Beginning for Economic, Inflation, Money Supply and
Financial Return Numbers, as the Pandemic-Driven Collapse Passes It First Anniversary

Beyond Year One, Multi-Year, Crisis-Driven Collapses Need to Be Assessed Against
Pre-Crisis Levels, or Stacked Two-Year Change, As Well As Year-to-Year Change

The Federal Reserve Overhauled Its Money Supply Reporting,
Redefining Traditional M1 from 34.8% to 93.4% of a Not-Redefined Total M2

This Masked Accelerating Flight-to-Liquidity in Traditional M1 from Non-M1 Components of M2

ShadowStats Defined “Basic M1″ — Combined Currency and Demand Deposits —
Still Reflects the Extraordinary Liquidity Flight to, and Surge in the Narrower Money Supply

Expanded Federal Reserve Accommodation Remains Likely Well Into 2023,
Given the Increasingly Negative Outlook for Imminent U.S. Economic Recovery

Fed Chair Powell Noted That Surging Money Supply No Longer Boosts the Economy

That Is Because the Current Collapse Is Pandemic, Not Business-Cycle Driven;
Surging Money Growth in a Non-Business-Cycle Collapse Can Trigger Hyperinflation

Surging Monetary Base, Reserves and Currency Indicate Intensifying Systemic Problems

Underlying Fundamentals Remain Extremely Strong for Gold and Silver, and Weak for the
U.S. Dollar and Stocks, Despite Central Bank or Other Systemic Machinations to the Contrary

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