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- You Won't Believe What They Found In Greeley, CO...
You Won't Believe What They Found In Greeley, CO...
The Silver Narrative Has Begun, Strange Finding In Greeley, & Costco Stumbles In This Chaotic Economy...
The Daily Ninja 9/29/24
๐ฐ Silver, dubbed the "money of the people," is projected for 50% gains in 2024, potentially reaching $1 per ounce due to its diverse uses beyond gold.
๐ In the past 11 months, silver has outperformed gold by 61%, with analysts predicting a potential surge to $50 an ounce within 100 days if it breaks above $32.
๐๏ธ 2024 has been officially named the "year of the metals" by GSC commodity intelligence, marking the beginning of the "silver narrative" expected to continue into 2025.
๐ The Economic Ninja encourages everyone to own at least 2 ounces of silver, calling it the "investment of the century" due to anticipated truth revelations.
๐ Predictions suggest silver prices will reach all-time highs in 2025, with some analysts offering even more bullish forecasts for the precious metal's future value.
๐ญ Hundreds of migrant workers from Haiti and West Africa at JBS meatpacking plant in Greeley, Colorado are allegedly facing unfair treatment and horrible working conditions, prompting UFCW Local 7 to request a federal investigation.
๐ผ JBS has banned a non-employee who allegedly made false promises of a better life to new employees, effectively firing the individual from plant facilities and human resource interactions.
๐ฅฉ Workers are reportedly under pressure to work quickly on meat cutting lines despite insufficient staffing, leading to potential safety concerns and labor issues.
๐๏ธ The National Labor Relations Board is investigating six unfair labor practices against JBS, while the company claims to be investigating workplace safety and health issues at the facility.
๐ UFCW Local 7's allegations of unfair treatment and the subsequent investigations highlight potential systemic issues in the meatpacking industry's treatment of migrant workers and labor practices.
๐ญ JBS Meat Processing Plant allegedly trafficked over 500 Haitian and Benin immigrants with legal work visas, subjecting them to squalid living conditions and charging extra fees for basic services.
๐ฐ Immigrants were charged up to $17,000 for employment contracts and $100-$200 for pre-employment services, with some reporting 30-50 people living in a single room without hot water.
๐ต๏ธ The scheme was uncovered when union leaders noticed a disproportionately large number of immigrant workers listing the same address as their supervisor, Mackenson Remy.
๐ซ JBS has banned Remy from the Greeley facility and notified authorities, but union representative Kim Cordova claims the company knew about these tactics since December 2022.
๐ The UFCW union is working with JBS to educate employees about hiring policies, but Cordova believes the company's statements are part of a whitewash to downplay their involvement.
๐ Despite strong demand for discount bulk items, Costco's quarterly sales and transactions fell short of Wall Street estimates, causing its stock to slip in the face of the 2022 pandemic and inflation surge.
๐ฐ To combat price wars from discount retailers, Costco is focusing on attracting younger customers under 40 with low prices while maintaining affordable membership fees.
๐ Costco's core merchandise experienced flat inflation overall, with food prices increasing and non-food prices decreasing, as the company prioritizes quality and value.
๐ท๏ธ Costco's CFO predicts that as interest rates decrease, inflation is likely to increase slightly, emphasizing the growing importance of quantities and values for consumers.
๐ณ The planned membership fee hike will have minimal impact in fiscal 2025, with the majority of the financial boost expected in fiscal 2026.
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-Ninja Out