Foreign Purchases of Treasury’s Plunge
Since Benji Bernanke enacted QE Infinity in September, foreigners have been net sellers, around $18.3 billion, in US Treasury’s. The outflow was a dramatic reversal from the August $42.9 billion in purchases. China only bought a token $300 million; signalling their disapproval of US finances. Make no mistake, while the American people can be fooled by US propaganda, foreign governments are not. So, the Treasury will have to find other sources of revenue.
Obama Begins Push for New National Retirement System
Private IRA’s and 401k plans are the target for the Treasury Department in attempt to bring in badly needed revenue. The cover story is trying to address why Americans are not saving as much for their retirement as they could. It is interesting that these government criminals are using savings as the excuse when the government and the Federal Reserves’ actions were intended to increase consumption; thus, divert money from savings.
The Death Tax
Struggling farmers and ranchers are having to deal with their arch enemy, the US government, again. Beginning in 2013, the death tax will sour and Congress, with the fiscal mess, will unlikely stop it. Up to 97 percent of American farms and ranches will be subject to an estate tax where the exemption is set at $1 million. The drastic increase of a tax of 55% on estates of $1 million or more will force many farms into bankruptcy.
Your Financial Bomb Shelter
To preserve your standard of living, in relation to very high inflation, according to Louis James, of Casey Research, you must have two-thirds of an ounce of gold for every $1000 of monthly living expenses now. This means, that to live on $1000 a month now, you will need 7.5 ounces for 1 year, or 37.5 ounces for 5 years. Personally, I believe, with the paper manipulation going on, the amount of gold could be much lower… Perhaps 1/10 ounce of gold per $1000 dollars. In addition, the Silver-to-Gold ratio is bound to collapse; therefore, silver can easily play into the financial equation as well. With that said, after preparing, keep stacking physical.
JP Morgan’s Technical Food Stamp Glitch
Because of a technical outage at JP Morgan, millions of food stamp recipients in 10 states; such as, Georgia, Kentucky, Delaware, and Connecticut, were unable to use their debit cards for six hours last Friday. Can you imagine the pandemonium that will ensue when the Department of Homeland Insecurity shuts off the internet for national security reasons for days? Hell, this could easily have been a test run.
Here are things you should never keep in your wallet… Your Social Security Card, Password cheat sheet, spare keys, checks, Passport, multiple credit cards, Birth Certificate, or a lot of receipts.
Maker of Airport Body Scanners Suspected of Falsifying Software Tests
Rapiscan was having problems with its software and might have manipulated the tests to the TSA about the X-rated, and dangerous, back-scatter machines used at airports. They are having problems making the chalk-like outline of a body instead of the one that privacy groups object to. Question, if the people at Rapiscan are falsifying tests, in regards to image output, could it not be possible that they also falsified and rigged safety tests? When you think that these machines are barred in the EU, it is a serious question to be answered.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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