Mounting, Fundamental Risks for Hyperinflation and Systemic Instabilities
Promise New Highs for Gold and Silver Prices, Irrespective of the August 11th Sell-Offs

Historic GDP Collapse Wiped Out the Last Five Years of Economic Growth

Second-Quarter 2020 Real GDP Plunged at an Unprecedented,
Albeit Consensus, Annualized Quarterly Pace of 32.9% (-32.9%),
Down Year-to-Year by 9.5% (-9.5%)

Given Limited-Quality Hard Data, Has Headline Reporting Turned to the Consensus?

Benchmarked GDP Received a Boost from New Trade-Deficit Reporting Gimmicks

Nonetheless, Rebound from the Pandemic-Driven Economic Collapse Is Faltering

L-Shaped Economic Recovery Has Begun to Take Form, as
July Jobs and Unemployment Improvement Decelerated, Amidst
Continuing Pandemic-Disrupted Surveying and Reporting Quality Issues

Labor-Market Stress Has Intensified as Unemployment Claims Gyrate
Around Still-in-Depression Levels; Fed Sees Early Indications of
Renewed Pullback in Consumer Activity

U.S. Sovereign Credit Rating Rumblings Mount as Congress and the
White House Negotiate a Second Round of Massive, Expanded Deficit Spending

Stalled Recovery Will Generate Even Greater Spending and Monetary Excesses

Federal Reserve Record Money Supply Expansion Continues,
Despite Benchmarked Money Numbers Showing Minimally Slower Growth