US Manufacturing is Collapsing and Oil Numbers Prove It!

Over the last few days we got three separate reports from three different corners of the country that all say the same thing: US manufacturing is collapsing at an alarming rate. We see further proof of this in week after week of massive build ups in US oil inventory. Something is very wrong with US industry and the mainstream financial press is ignoring it.

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[DANVIIL]

In the "Empire of Lies", nothing surprises me anymore. "Ukraine is winning." "Thr economy is not in a recession."

[williamsorensen]

Yes, the numbers are grinding down but gold and silver are still on sale especially at these low, low prices👍

[jwholmes]

Excellent report Jack. You are the man!

[browneyelady]

I wonder how many people would prefer to give up all freedom to get a check from the government..
The problem then becomes who is working and much are they producing...and can those few support the government's spending habits?
As oppose to China where everyone works...no matter what.. and the government pays no one.. and you are tracked and controlled in all ways by your credit card..

[Antique]

Don’t worry Obiden and kamal toe will take care of you…permanently!

[billsmith]

Wow man! You really made that accessible. Good argument.

[pqtpat]

Why are we draining the strategic petroleum reserve?

[whiskey_tango_foxtrot__]

I got rid of my old oil hot water tank...so it was me.

[theinflationsituation]

you do great work, brother! we appreciate it.

[dersturmerofjewery]

"If you don't have gold or silver you don't have money"- Jp Morgan

[digger]

I don't think they stopped the SPR drawdown, remember Janet Yelin saying " we're taking extraordinary measures". You don't hear any panic in the"debt ceiling" talk from Congress, money is coming from somewhere.

[stevewoitas]

I can corroborate this. Being a machine component supplier to manufacturers, our bookings (quotations) have dropped for 6 months as manufacturers intend to buy less components for new and existing machinery.

[vidard]

they have done several SPR dumps this year, and the dumps have been larger than the supply buildups, meaning we are burning more than we import, partly because out system is built to run on the heavier crude, which we don't produce in significant volume, so we NEED that russian crude from the SPR. having said that, if you adjust for the extra use of our lighter sweeter crude to make the same number of barrels of diesel, our consumption is going down.

[phild]

Something is wrong? C'mon, us older guys know what is wrong. There is a lack of self respect, a lack of respect for rules, and the screaming insistence that no one is responsible for their own life.
But us old guys saw this coming.
Oh, have we run out of diesel yet?

[johndoe.]

All the reports referenced were revised down by 1 million.

[ryansterling]

Very important information excellent thank you respect

[therealmccoy]

I hear some US states have passed laws to make Gold and Silver legal tender (again). Interesting.

[johndoe.]

I've heard that the oil & nat gas demand routinely bottom out around this time of year- post holidays, tax season with crappy weather. Most people are hunkering down trying to stay warm and dry.

[everhill]

Why hasn't the oil price declined on low demand?

[miketharp]

Thank you for these shorter "10 minute or less" video.