This is American news and the Americans always do things twice as big as in the rest of the world. It seems that shanty towns are now common in big US cities. The Greater Depression is coming with a vengeance. There is only one protection and that is physical gold. Not paper gold. For the last 3000 years gold has been the store of value of last resort. Who am I to argue? 1 + 1 = 2.
Financial Fears Grow. More consumers are just a paycheck or two away from ruin.
The results of a bevy of surveys found a growing number of consumers are only a couple paychecks away from a household collapse even as many scramble to shore up savings. Rainy-day funds appear to be a distant memory as households burn cash to cover food and energy bills as well as mortgage and car payments.
Twenty-nine percent of those making $100,000 or more a year said they would have trouble paying the bills after more than a month of unemployment.