Some excerpts from Gerald Celente’s excellent article on Steve Quayles site.
I highlite this article from a revealing proof that Americans feel insecure and
are very financially stretched. This will all result in those that can, fleeing
to safety and security........GOLD in one form or another.
To borrow from an all time great poster; Restaurants SPLAT Just dd opinion
As noted in Monday’s Wall Street Journal:
“In just one recent week alone, three restaurant companies filed for Chapter 11
bankruptcy protection… at least five other restaurant operators have filed for court
protection this year” and “some chains have been closing locations and shaking up
management.”
McDonald’s CEO Also Warns…
Echoing the refrain, Stephen Easterbrook, McDonald’s CEO, said, “Whether through
elections or through global events, people are slightly mindful of an unsettled world.
When families are uncertain, caution starts to prevail, and they start to hold back.”
Americans Are Drowning In Debt
Indeed, a generation saddled with $1.3 trillion in college debt, working low-paying
jobs or no jobs at all, and living with their parents in record numbers because
they can’t afford to live on their own… along with 51 percent of working Americans
earning less than $30,000 per year, 35 percent having debt at least 180 days past
due, and 70 percent having less than $1,000 in savings… eating out is not an option,
it’s a luxury! More than a restaurant recession, it is a precursor of a national
recession.
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