Despite all the much-heralded talk of the rebirth of manufacturing, a new report suggests that the trend may be vastly overstated
Have we been letting a good story get in the way of the facts?
The “manufacturing renaissance” has been the central point in the return of America’s industrial power. It even has its own national council.
Yet here are the facts: the United States may have added only about one new manufacturing job in the last few years for every five that were lost during the financial crisis and the recession that followed.
That’s according to a new report from the Information Technology & Innovation Foundation, a non-partisan and non-profit think tank based in Washington, DC. The report was released early this morning.
GoldMoney has released an interview with Chairman James Turk about his study of the above-ground global gold stock, gold’s role as money, and the coming fiat currency collapse. They discuss the discrepancies between official gold stock figures and the study’s carefully calculated figures, going all the way back to Roman times and using the year 1492 as a pivotal calculation point — which was when the Spanish Empire began its imports of gold deposits discovered in the Americas. In contrast to the widely referenced number of 171,000 tonnes of above-ground gold, James’s study suggests that it is actually closer to 155,000 and therefore overstated by about 10%.
Video Source: James Turk: Above Ground PHYSICAL Gold Stocks Likely a Lot Smaller Than Commonly Believed (Silver Doctors)