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Welcome to TNA: Exploring the World of Numismatics
Since ancient times, humanity has employed various forms of exchange media. Among them, one stands out for its fusion of exquisite art, enduring metallurgy, and practicality: coinage. Numismatics embodies these attributes and more, encapsulating history, art, language, geography, metallurgy, culture, and economics. We cordially invite you to embark on a journey of discovery and exploration through the TNA.
Established in January 1960, the TNA is a non-profit, 501(c)(3) educational, historical, and scientific organization.
Membership in the TNA is open to individuals of all ages who possess a genuine interest in the collecting and study of coins, paper money, tokens, medals, and related items. Additionally, we welcome Coin Clubs, Schools, Libraries, Museums, and similar organizations that share our passion.
Our Objectives:
Foster and advance interest in numismatics while promoting comprehensive knowledge in the field.
Cultivate camaraderie among collectors, forging strong relationships within our community.
Organize periodic meetings and exhibits, providing opportunities for enthusiasts to convene and share their treasures.
Facilitate a platform for buying, selling, and trading numismatic items.
Serve our members as a collective, ensuring their needs are met and their interests represented.
Membership Benefits:
By joining the TNA, you become part of a fraternal network of fellow numismatists in your state. You gain access to their contact information and collecting pursuits, fostering connections within your local community. Furthermore, as a member, you have the privilege of assisting visitors by providing them with the names of collectors in their area. You can also participate in our annual convention and receive our official publication. Being a member of the TNA offers prestige on the state level, akin to the ANA's recognition on national and international scales.
Official Publication:
All Regular, Junior, and Chapter members receive the TNA News at no additional cost. This publication serves as a valuable medium to keep you informed about the association, its individual members, and chapter activities. It features timely articles and contributions from our members, enabling you to voice your opinions and contribute to the advancement of numismatics. Should you seek information or assistance, you can turn to the pages of TNA News. Additionally, if you have numismatic items for sale or trade, you may advertise them for a nominal fee. TNA News truly represents the collective voice of the TNA.
Conventions:
TNA holds an annual convention where members have the opportunity to voice their opinions and actively participate in decision-making. The convention's business sessions are dedicated to the smooth operation of our state association. Moreover, these gatherings provide a platform for entertainment, renewing friendships, and fostering a sense of camaraderie among attendees. Educational exhibits play a crucial role, enriching the experience for all. To facilitate buying, selling, and trading, bourse activities are also organized during the conventions.
We wholeheartedly welcome you to join the TNA, where the fascinating world of numismatics awaits. Together, we will explore its wonders, broaden our knowledge, and create lasting connections within this captivating hobby.
Since ancient times, humanity has employed various forms of exchange media. Among them, one stands out for its fusion of exquisite art, enduring metallurgy, and practicality: coinage. Numismatics embodies these attributes and more, encapsulating history, art, language, geography, metallurgy, culture, and economics. We cordially invite you to embark on a journey of discovery and exploration through the TNA.
Established in January 1960, the TNA is a non-profit, 501(c)(3) educational, historical, and scientific organization.
Membership in the TNA is open to individuals of all ages who possess a genuine interest in the collecting and study of coins, paper money, tokens, medals, and related items. Additionally, we welcome Coin Clubs, Schools, Libraries, Museums, and similar organizations that share our passion.
Our Objectives:
Foster and advance interest in numismatics while promoting comprehensive knowledge in the field.
Cultivate camaraderie among collectors, forging strong relationships within our community.
Organize periodic meetings and exhibits, providing opportunities for enthusiasts to convene and share their treasures.
Facilitate a platform for buying, selling, and trading numismatic items.
Serve our members as a collective, ensuring their needs are met and their interests represented.
Membership Benefits:
By joining the TNA, you become part of a fraternal network of fellow numismatists in your state. You gain access to their contact information and collecting pursuits, fostering connections within your local community. Furthermore, as a member, you have the privilege of assisting visitors by providing them with the names of collectors in their area. You can also participate in our annual convention and receive our official publication. Being a member of the TNA offers prestige on the state level, akin to the ANA's recognition on national and international scales.
Official Publication:
All Regular, Junior, and Chapter members receive the TNA News at no additional cost. This publication serves as a valuable medium to keep you informed about the association, its individual members, and chapter activities. It features timely articles and contributions from our members, enabling you to voice your opinions and contribute to the advancement of numismatics. Should you seek information or assistance, you can turn to the pages of TNA News. Additionally, if you have numismatic items for sale or trade, you may advertise them for a nominal fee. TNA News truly represents the collective voice of the TNA.
Conventions:
TNA holds an annual convention where members have the opportunity to voice their opinions and actively participate in decision-making. The convention's business sessions are dedicated to the smooth operation of our state association. Moreover, these gatherings provide a platform for entertainment, renewing friendships, and fostering a sense of camaraderie among attendees. Educational exhibits play a crucial role, enriching the experience for all. To facilitate buying, selling, and trading, bourse activities are also organized during the conventions.
We wholeheartedly welcome you to join the TNA, where the fascinating world of numismatics awaits. Together, we will explore its wonders, broaden our knowledge, and create lasting connections within this captivating hobby.
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Recent Updates
- FOR IMMEDIATE RELEASE
Exciting New Venue for TNA's 2024 Convention
Arlington, Texas — The Arlington Convention Center, a renowned hub for conventions and gatherings, is regrettably closing its doors. However, the Texas Numismatic Association (TNA) is thrilled to announce its decision regarding the new site for the highly anticipated 2024 convention.
After extensive deliberations and a unanimous vote by the TNA's governors and officers, two significant choices have been made to ensure the continuity and success of the TNA Convention. Firstly, an interim site has been secured for the year 2024, which promises to be a one-time-only event. Secondly, a long-term venue has been earmarked for future TNA conventions.
The TNA is proud to declare that the 2024 convention will take place at the prestigious Lone Star Convention Center, located in Conroe, Texas. This state-of-the-art facility is set to host the event from June 28th to June 30th, 2024. With its exceptional amenities and welcoming ambiance, the Lone Star Convention Center is poised to provide an exceptional experience for all attendees.
The selection of the Lone Star Convention Center is inspired by the success of the Greater Houston Coin Club's Houston Money Show, which attracted approximately 2,400 patrons and guests during its 2023 edition held this past January. The TNA is enthusiastic about the possibilities and hopes to replicate this success at the new venue.
TNA President Rick Ewing expressed their optimism, stating, "We are excited about the move to the Lone Star Convention Center and look forward to delivering another outstanding convention experience for numismatic enthusiasts. With the support of our dedicated members and the appeal of this wonderful venue, we are confident that TNA's 2024 Convention will be a resounding success."
For further information and updates on the TNA's 2024 Convention, please visit our website at, http://www.tna.org or follow TNA on Facebook at https://www.facebook.com/TexasCoins
About Texas Numismatic Association (TNA):
The Texas Numismatic Association is a leading organization dedicated to promoting and advancing the study and collection of coins, paper money, tokens, and related items. With a rich history spanning several decades, TNA provides a platform for numismatic enthusiasts to exchange knowledge, showcase their collections, and foster a sense of community among collectors.FOR IMMEDIATE RELEASE Exciting New Venue for TNA's 2024 Convention Arlington, Texas — The Arlington Convention Center, a renowned hub for conventions and gatherings, is regrettably closing its doors. However, the Texas Numismatic Association (TNA) is thrilled to announce its decision regarding the new site for the highly anticipated 2024 convention. After extensive deliberations and a unanimous vote by the TNA's governors and officers, two significant choices have been made to ensure the continuity and success of the TNA Convention. Firstly, an interim site has been secured for the year 2024, which promises to be a one-time-only event. Secondly, a long-term venue has been earmarked for future TNA conventions. The TNA is proud to declare that the 2024 convention will take place at the prestigious Lone Star Convention Center, located in Conroe, Texas. This state-of-the-art facility is set to host the event from June 28th to June 30th, 2024. With its exceptional amenities and welcoming ambiance, the Lone Star Convention Center is poised to provide an exceptional experience for all attendees. The selection of the Lone Star Convention Center is inspired by the success of the Greater Houston Coin Club's Houston Money Show, which attracted approximately 2,400 patrons and guests during its 2023 edition held this past January. The TNA is enthusiastic about the possibilities and hopes to replicate this success at the new venue. TNA President Rick Ewing expressed their optimism, stating, "We are excited about the move to the Lone Star Convention Center and look forward to delivering another outstanding convention experience for numismatic enthusiasts. With the support of our dedicated members and the appeal of this wonderful venue, we are confident that TNA's 2024 Convention will be a resounding success." For further information and updates on the TNA's 2024 Convention, please visit our website at, http://www.tna.org or follow TNA on Facebook at https://www.facebook.com/TexasCoins About Texas Numismatic Association (TNA): The Texas Numismatic Association is a leading organization dedicated to promoting and advancing the study and collection of coins, paper money, tokens, and related items. With a rich history spanning several decades, TNA provides a platform for numismatic enthusiasts to exchange knowledge, showcase their collections, and foster a sense of community among collectors.1 Comments 0 Shares 2087 ViewsCommenting is disabled. -
- ......WWW.MONEY.ORGEducation | American Numismatic AssociationEducation Mission: To lead the world in numismatic education. Education Vision: To welcome all learners by providing dynamic, engaging, relevant, and organized learning opportunities for the life-long love of learning.0 Comments 0 Shares 242 Views
- INVESTIGATING AGENCY: Rogers PD
REPORT NUMBER: 24005458
TYPE OF INCIDENT: VEHICLE BURGLARY
DATE OCCURRED: 4/6/24
INCIDENT LOCATION: ROGERS, MN
A dealer traveling home from a coin show in Alexandria, MN stopped to eat and while inside an unknown suspect/suspects entered the victim’s vehicle by punching the driver’s side door lock. The suspect/suspects removed several tubs of coins. Investigators are currently reviewing video for additional information.
Partial Listing of Stolen Inventory:
(Key Items): 2014 4 piece gold eagle proof sets – quantity 2 in nice original government packaging 2016 1/4 Oz Gold Standing Liberty Quarter – quantity 2 in original government packaging 1884 CC GSA Morgan dollar – nice case with matching certificate 84xxxxxx 15+ rolls of Silver Eagles — date is written in wide red sharpie on the side 20+ rolls of silver 1/2 dollars — most rolls have 3/4" yellow label on top and/or side 10+ rolls of Peace/Morgan dollars — most rolls have 3/4" yellow label on top and side 40 2×2 28 position trays (red/black) with 1000+ US cents thru 1/2 dollars 2,000+ 2×2 coins in white binders — 20 binders 1 to 4 inches wide. Mostly US, 2 binders of Canadian.
Anyone with Information contact:
Doug Davis
817-723-7231
[email protected]
INVESTIGATING AGENCY: Rogers PD REPORT NUMBER: 24005458 TYPE OF INCIDENT: VEHICLE BURGLARY DATE OCCURRED: 4/6/24 INCIDENT LOCATION: ROGERS, MN A dealer traveling home from a coin show in Alexandria, MN stopped to eat and while inside an unknown suspect/suspects entered the victim’s vehicle by punching the driver’s side door lock. The suspect/suspects removed several tubs of coins. Investigators are currently reviewing video for additional information. Partial Listing of Stolen Inventory: (Key Items): 2014 4 piece gold eagle proof sets – quantity 2 in nice original government packaging 2016 1/4 Oz Gold Standing Liberty Quarter – quantity 2 in original government packaging 1884 CC GSA Morgan dollar – nice case with matching certificate 84xxxxxx 15+ rolls of Silver Eagles — date is written in wide red sharpie on the side 20+ rolls of silver 1/2 dollars — most rolls have 3/4" yellow label on top and/or side 10+ rolls of Peace/Morgan dollars — most rolls have 3/4" yellow label on top and side 40 2×2 28 position trays (red/black) with 1000+ US cents thru 1/2 dollars 2,000+ 2×2 coins in white binders — 20 binders 1 to 4 inches wide. Mostly US, 2 binders of Canadian. Anyone with Information contact: Doug Davis 817-723-7231 [email protected]0 Comments 0 Shares 1517 Views -
- "THE PACKAGE HAS BEEN RECOVERED WITH CONTENTS"
INVESTIGATING AGENCY :USPS
TYPE OF INCIDENT: Lost/Stolen
DATE OCCURRED: 2-17-24
INCIDENT LOCATION: Birmingham, AL
A package being shipped USPS Registered mail from Alabama to California has been reported lost/stolen. The package was last scanned in Birmingham, AL but has not moved since 2/17/24
List of Lost/Stolen Coins/Currency
1883-O Morgan Silver Dollar
1890-CC Morgan Silver dollar
1900-O/O
2023 $1 Morgan Silver Dollar Commemorative MS
2023-S Morgan Silver Dollar Commemorative DCAM PR
2023-S Morgan Silver Dollar Reverse Proof Reverse Proof
2023-$1 Peace Silver Dollar MS
2023-S Peace Silver Dollar DCAM PR
2023-S Peace Silver Dollar Reverse Proof
$1.00 FRN 1963A Low Serial Number SN D00000344D
$1.00 FRM 1974 Low Serial Number SN H00000279A
$1.00 FRN 1969D Fold over Error SND04891087A
$1.00 FRN 1981 Gutter Fold Error SN G83109626E
$1.00 FRM 1969D Gutter Fold Error SN G68590333G
$1.00 FRN 1950A $20.00 FRN Gutter Fold Error SN D64557305A
Anyone with Information contact:
Doug Davis
817-723-7231
[email protected]
"THE PACKAGE HAS BEEN RECOVERED WITH CONTENTS" INVESTIGATING AGENCY :USPS TYPE OF INCIDENT: Lost/Stolen DATE OCCURRED: 2-17-24 INCIDENT LOCATION: Birmingham, AL A package being shipped USPS Registered mail from Alabama to California has been reported lost/stolen. The package was last scanned in Birmingham, AL but has not moved since 2/17/24 List of Lost/Stolen Coins/Currency 1883-O Morgan Silver Dollar 1890-CC Morgan Silver dollar 1900-O/O 2023 $1 Morgan Silver Dollar Commemorative MS 2023-S Morgan Silver Dollar Commemorative DCAM PR 2023-S Morgan Silver Dollar Reverse Proof Reverse Proof 2023-$1 Peace Silver Dollar MS 2023-S Peace Silver Dollar DCAM PR 2023-S Peace Silver Dollar Reverse Proof $1.00 FRN 1963A Low Serial Number SN D00000344D $1.00 FRM 1974 Low Serial Number SN H00000279A $1.00 FRN 1969D Fold over Error SND04891087A $1.00 FRN 1981 Gutter Fold Error SN G83109626E $1.00 FRM 1969D Gutter Fold Error SN G68590333G $1.00 FRN 1950A $20.00 FRN Gutter Fold Error SN D64557305A Anyone with Information contact: Doug Davis 817-723-7231 [email protected]0 Comments 0 Shares 1025 Views - INVESTIGATING AGENCY :Lowndes County SO
TYPE OF INCIDENT: Vehicle Burglary
DATE OCCURRED: 3/24/24
INCIDENT LOCATION: Lake Park, Georgia
A dealer heading home after the Albany Georgia coin show stopped to eat and while inside witnesses observed two male suspects described as Hispanic smash the passenger window and remove coins from the vehicle. The suspects left in a grey Mitsubishi Eclipse.
Partial list of stolen coins:
Several double row boxes of raw coins cents to dollars. Coins will have the initials RJ in lower right hand corner
7- Felt trays better dates cents to dollars
Display tray containing 50 silver dollars Morgan/Peace
Raw and graded gold coins different denominations including 5-$5 baseball coins
Box graded Peace dollars
Complete set of Indian Head cents (Avg circ)
Complete set of buffalo nickels (Avg circ)
All coins in 2x2's or flips will have the initial RJ in lower right hand corner.
No other information available at this time.
Anyone with Information contact:
Doug Davis
817-723-7231
[email protected]INVESTIGATING AGENCY :Lowndes County SO TYPE OF INCIDENT: Vehicle Burglary DATE OCCURRED: 3/24/24 INCIDENT LOCATION: Lake Park, Georgia A dealer heading home after the Albany Georgia coin show stopped to eat and while inside witnesses observed two male suspects described as Hispanic smash the passenger window and remove coins from the vehicle. The suspects left in a grey Mitsubishi Eclipse. Partial list of stolen coins: Several double row boxes of raw coins cents to dollars. Coins will have the initials RJ in lower right hand corner 7- Felt trays better dates cents to dollars Display tray containing 50 silver dollars Morgan/Peace Raw and graded gold coins different denominations including 5-$5 baseball coins Box graded Peace dollars Complete set of Indian Head cents (Avg circ) Complete set of buffalo nickels (Avg circ) All coins in 2x2's or flips will have the initial RJ in lower right hand corner. No other information available at this time. Anyone with Information contact: Doug Davis 817-723-7231 [email protected]0 Comments 0 Shares 1002 Views - INVESTIGATING AGENCY :Anderson County SO
TYPE OF INCIDENT: Vehicle Burglary
DATE OCCURRED: 3/17/24
INCIDENT LOCATION: Anderson County, North Carolina
A dealer returning home from the recent Statesville, NC show stopped to eat and while inside the restaurant unknown suspect/suspects smashed the window of his vehicle and stole a portion of his inventory.
Partial Listing of Stolen Coins:
1 - Double row box of Silver Eagles in 2x2 flips with white label in right hand corner with date written in black ink
5- Double row boxes cents to dollars - date in LH corner and code in right hand corner on reverse
Black hard case containing 14 trays with key date coins cents to dollars opens from front.
AU 1883 Hawaiian quarter
2- 1883 Hawaiian dollars circulated
Several Hawaiian half dollars and dimes
1895-O dollar AU with rim damage
1880CC (GSA) MS64 with CAC sticker
No further information available at this time.
Anyone with Information contact:
Doug Davis
817-723-7231
[email protected]INVESTIGATING AGENCY :Anderson County SO TYPE OF INCIDENT: Vehicle Burglary DATE OCCURRED: 3/17/24 INCIDENT LOCATION: Anderson County, North Carolina A dealer returning home from the recent Statesville, NC show stopped to eat and while inside the restaurant unknown suspect/suspects smashed the window of his vehicle and stole a portion of his inventory. Partial Listing of Stolen Coins: 1 - Double row box of Silver Eagles in 2x2 flips with white label in right hand corner with date written in black ink 5- Double row boxes cents to dollars - date in LH corner and code in right hand corner on reverse Black hard case containing 14 trays with key date coins cents to dollars opens from front. AU 1883 Hawaiian quarter 2- 1883 Hawaiian dollars circulated Several Hawaiian half dollars and dimes 1895-O dollar AU with rim damage 1880CC (GSA) MS64 with CAC sticker No further information available at this time. Anyone with Information contact: Doug Davis 817-723-7231 [email protected]0 Comments 0 Shares 939 Views - INVESTIGATING AGENCY: USPS
REPORT NUMBER: N/A
TYPE OF INCIDENT: THEFT
DATE OCCURRED: 3/24/24
INCIDENT LOCATION: TRANSIT CA TO TX
A package being sent USPS Priority Mail has been reported stolen. The package was shipped from CA to TX and when the recipient received shipment the package had been slit open and contents removed.
The package contained the following
Set of three T-64 $500 Confederate notes: Pink, Red, and Dk Red
Anyone with Information contact:
Doug Davis
817-723-7231
[email protected]INVESTIGATING AGENCY: USPS REPORT NUMBER: N/A TYPE OF INCIDENT: THEFT DATE OCCURRED: 3/24/24 INCIDENT LOCATION: TRANSIT CA TO TX A package being sent USPS Priority Mail has been reported stolen. The package was shipped from CA to TX and when the recipient received shipment the package had been slit open and contents removed. The package contained the following Set of three T-64 $500 Confederate notes: Pink, Red, and Dk Red Anyone with Information contact: Doug Davis 817-723-7231 [email protected]0 Comments 0 Shares 499 Views - Economic Woes Could Boost Precious Metal Prices
Politicians want you to believe that the U.S. economy is recovering, but significant amounts of data tell a different story.
PATRICK A. HELLER
SEP 21, 2023
While some politicians are trying to pretend that the U.S. economy is recovering or strong, there is a lot of data coming out showing otherwise.
To measure the impact of the pandemic lockdowns, the Census Bureau began taking the Household Pulse Survey in 2020. The Aug. 7, 2023, survey results are dismaying:
• In January 2021, the survey reported that 80.53 million Americans found it “somewhat” or “very” difficult to pay their household expenses. In the August 2023 survey, that number had grown to 86.92 million people.
• The August 2023 survey found that in the prior month, 85.46 million Americans had turned to credit cards, personal loans, and other forms of debt to meet spending needs within the past seven days. In the August 2022 survey for July 2022, that number of people was just 74.89 million.
• Credit card delinquency rates – which measures the proportion of credit customers who have fallen behind on their bills – have increased for seven consecutive quarters and are now higher than before the pandemic lockdowns. Auto loan delinquencies in the second quarter of 2023 also were higher than before the pandemic.
Two weeks ago, the U.S. Bureau of Labor Statistics (BLS) released its annual Consumer Expenditures Report for 2022. From the end of 2020 to the end of 2022, the average income per consumer unit rose 11.4 percent. While that might sound good in some circumstances, it was dwarfed by the 19.0 percent rise in consumer unit expenditures. Income less expenditures fell by $1,984 per consumer unit.
Last week’s BLS monthly reports on the Consumer Price Index showed a sharp increase in consumer prices. Similarly, last week’s Producer Price Index and the Import and Export Prices Indexes also showed comparable increases, which portend continuing accelerated consumer prices going forward.
Also last week, the U.S. Census Bureau issued a news release that last year real income in America declined, and the poverty rate increased:
• As measured in 2022 dollars, median household income in 2022 was 2.3 percent lower than in 2021. As this was happening, the cost of living rose at the third highest rate over the past 42 years.
• The official U.S. government poverty rate was virtually unchanged from the prior year. However, the Census Bureau admitted in the news release that this figure is not correct because it only considers money income without any consideration of rising prices or higher taxes. It only analyzes pre-tax income. But, the news release went on to disclose that the Supplemental Poverty Measure (SPM), established 12 years ago to more accurately reflect poverty (it starts with pre-tax income, adds stimulus payments, tax credits, and other poverty transfers, then subtracts income taxes paid) jumped from 7.8% of the population in 2020 to 12.4% in 2022. That means 15 million more people are impoverished now than they were two years earlier.
The current federal budget deficit is soaring again this year, partly from the higher interest rates being paid to borrow ever more debt, now over $33 trillion. The federal government’s interest costs for the current fiscal year are approaching $1 trillion, up 50 percent from the previous fiscal year.
What is not being reported in the monthly jobs and unemployment reports is that the number of part-time jobs has been increasing this year as the number of full-time (“bread-winner”) jobs has been declining.
Data like this helps explain why the U.S. government’s increase in its expansion of the money supply, spending, and budget deficits are accelerating the decline in the purchasing power of the U.S. dollar. This happened during President Carter’s administration, when gold and silver prices reached $800 and $50, respectively, in January 1980. It again happened during and after the Great Recession, where the Levy Economics Institute 2011 working paper found that the federal government had extended $29.6 trillion in subsidies, loans, and bailouts (posted here), resulting in silver soaring to $50 at the end of April 2011 and gold reaching over $1,900 in September that year.
Even though a silver supply squeeze was averted a month ago, the massive amount of government spending in recent years looks to me like gold and silver prices will once again soar as the value of the dollar continues to fall. Already, the price of gold has recently reached all-time high levels as measured in Chinese yuan and Saudi Arabian riyals. Within the past two weeks, the spot price of gold in China has been as much as $120 higher than in London; the silver price in China has been as much as $2 per ounce higher than the London market. How soon will soaring gold and silver prices again show up versus the U.S. dollar?Economic Woes Could Boost Precious Metal Prices Politicians want you to believe that the U.S. economy is recovering, but significant amounts of data tell a different story. PATRICK A. HELLER SEP 21, 2023 While some politicians are trying to pretend that the U.S. economy is recovering or strong, there is a lot of data coming out showing otherwise. To measure the impact of the pandemic lockdowns, the Census Bureau began taking the Household Pulse Survey in 2020. The Aug. 7, 2023, survey results are dismaying: • In January 2021, the survey reported that 80.53 million Americans found it “somewhat” or “very” difficult to pay their household expenses. In the August 2023 survey, that number had grown to 86.92 million people. • The August 2023 survey found that in the prior month, 85.46 million Americans had turned to credit cards, personal loans, and other forms of debt to meet spending needs within the past seven days. In the August 2022 survey for July 2022, that number of people was just 74.89 million. • Credit card delinquency rates – which measures the proportion of credit customers who have fallen behind on their bills – have increased for seven consecutive quarters and are now higher than before the pandemic lockdowns. Auto loan delinquencies in the second quarter of 2023 also were higher than before the pandemic. Two weeks ago, the U.S. Bureau of Labor Statistics (BLS) released its annual Consumer Expenditures Report for 2022. From the end of 2020 to the end of 2022, the average income per consumer unit rose 11.4 percent. While that might sound good in some circumstances, it was dwarfed by the 19.0 percent rise in consumer unit expenditures. Income less expenditures fell by $1,984 per consumer unit. Last week’s BLS monthly reports on the Consumer Price Index showed a sharp increase in consumer prices. Similarly, last week’s Producer Price Index and the Import and Export Prices Indexes also showed comparable increases, which portend continuing accelerated consumer prices going forward. Also last week, the U.S. Census Bureau issued a news release that last year real income in America declined, and the poverty rate increased: • As measured in 2022 dollars, median household income in 2022 was 2.3 percent lower than in 2021. As this was happening, the cost of living rose at the third highest rate over the past 42 years. • The official U.S. government poverty rate was virtually unchanged from the prior year. However, the Census Bureau admitted in the news release that this figure is not correct because it only considers money income without any consideration of rising prices or higher taxes. It only analyzes pre-tax income. But, the news release went on to disclose that the Supplemental Poverty Measure (SPM), established 12 years ago to more accurately reflect poverty (it starts with pre-tax income, adds stimulus payments, tax credits, and other poverty transfers, then subtracts income taxes paid) jumped from 7.8% of the population in 2020 to 12.4% in 2022. That means 15 million more people are impoverished now than they were two years earlier. The current federal budget deficit is soaring again this year, partly from the higher interest rates being paid to borrow ever more debt, now over $33 trillion. The federal government’s interest costs for the current fiscal year are approaching $1 trillion, up 50 percent from the previous fiscal year. What is not being reported in the monthly jobs and unemployment reports is that the number of part-time jobs has been increasing this year as the number of full-time (“bread-winner”) jobs has been declining. Data like this helps explain why the U.S. government’s increase in its expansion of the money supply, spending, and budget deficits are accelerating the decline in the purchasing power of the U.S. dollar. This happened during President Carter’s administration, when gold and silver prices reached $800 and $50, respectively, in January 1980. It again happened during and after the Great Recession, where the Levy Economics Institute 2011 working paper found that the federal government had extended $29.6 trillion in subsidies, loans, and bailouts (posted here), resulting in silver soaring to $50 at the end of April 2011 and gold reaching over $1,900 in September that year. Even though a silver supply squeeze was averted a month ago, the massive amount of government spending in recent years looks to me like gold and silver prices will once again soar as the value of the dollar continues to fall. Already, the price of gold has recently reached all-time high levels as measured in Chinese yuan and Saudi Arabian riyals. Within the past two weeks, the spot price of gold in China has been as much as $120 higher than in London; the silver price in China has been as much as $2 per ounce higher than the London market. How soon will soaring gold and silver prices again show up versus the U.S. dollar?0 Comments 0 Shares 1567 Views - Coin show review, recap... what goes on at a show.Coin show review, recap... what goes on at a show.0 Comments 0 Shares 508 Views
- Alamo Coin Show family friendly event..numismatic exhibits..over 50 tables with a large number of dealers specializing in bullion, jewelry, coins from ancient to modern foreign to U.S....collectible paper money, Texans and other collectibles. admission is $2 18 and over....Early Bird pass is available...and always security available. there will be some give away gifts for the kids...collectors and none collectors are always welcome Event starts at 9am to 4pm.
Alamo Coin Show family friendly event..numismatic exhibits..over 50 tables with a large number of dealers specializing in bullion, jewelry, coins from ancient to modern foreign to U.S....collectible paper money, Texans and other collectibles. admission is $2 18 and over....Early Bird pass is available...and always security available. there will be some give away gifts for the kids...collectors and none collectors are always welcome Event starts at 9am to 4pm.0 Comments 0 Shares 1107 Views -
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