Consequences often do not show up for an extended period of time, but when they finally arrive they can be exceedingly painful.  For decades, our leaders have been making incredibly foolish decisions, and for decades people like me have been ranting about it.  But most people thought that everything must be okay because the consequences of those incredibly foolish decisions did not hit us right away.  Sadly, a time of reckoning is now upon us, and that is the primary reason why gold and silver are skyrocketing.  The price of gold has hit $4,300 for the first time ever, and the price of silver has hit $53 for the first time ever.  It is exciting to see gold and silver prices rapidly increase, but it is imperative to understand that what we are witnessing is a flight to safety.  At this moment we are facing a government shutdown, an unprecedented global trade war, a liquidity crisis, a cryptocurrency catastrophe, a housing market implosion, a cost of living nightmare and mass layoffs all over the nation.  Economic time bombs are starting to explode all around us, and the outlook for the months ahead is not promising at all.

When he was asked about China on Thursday, President Trump openly admitted that we are in a trade war with the Chinese right now…

Two weeks before he's slated to meet Chinese President Xi Jinping, President Donald Trump told reporters his spat with China over trade has erupted into a full-blown trade war.

Asked by a reporter if the country would be in a "sustained trade war" with China if he couldn't come to an agreement with Xi during their meeting in South Korea at the end of the month, the president said: "We're in one now."

After China decided to impose extremely alarming export restrictions on rare earth elements that we desperately need, President Trump threatened to impose an additional 100 percent tariff on all Chinese imports on top of any existing tariffs.

If that additional 100 percent tariff is actually implemented, most trade with China will come to an abrupt halt.

And if a bill that is currently going through Congress actually becomes law, China could soon be facing a 500 percent tariff on all exports to the U.S. if it chooses to continue to do business with Russia…

Through the Sanctioning Russia Act, bipartisan lawmakers are preparing to impose a 500% tariff — an all-out signal to the Kremlin and its partners: de-escalate the war in Ukraine or face steep economic consequences.