When Obama was first inaugurated, the national debt was a little over 10.6 trillion dollars. Today, it is over 17.2 trillion dollars. This is an increase of 6.666 trillion dollars. Now, aside from there being a lot of 6′s in this number, one must not exclusively blame Obama. Remember, all spending must originate from the House of Representatives.
Largest Silver Holder
While everyone is focused on the massive outflows in COMEX registered gold inventories, it turns out that JP Morgan has piled the largest amount of physical silver in modern history. They have anywhere between 3,000 to 6,200 tons of silver. Now, why would they want to hold onto that much silver?
Who is Manipulating The Silver Market?
According to Stephen Leeb, for the past few years, the price of silver hasn’t really done anything, but yet the demand for silver is much, much higher. Next to oil, silver is the most vital and strategic resource in the world. The bottom line is the price of silver should be much, much higher than it is today.
Anyone Really Surprised?
Bad debts were never cleared out after the 2008 collapse. No real structural reforms to the financial system were made and no one was punished for fraud and corruption. So, now the financial system is under extreme pressure again; however, should anyone with a pulse be surprised?
As more and more reported questionable banker suicides become more common, is this because there is talk of no more yellow metal, or gold, in Western Central Banks? Word on the street is that China virtually has it all and there is no place for these criminals to hide.
CBO Destroys Obamawreck
The non-partisan Congressional Budget Office, with the release of the study on Obamawreck, essentially delivered a devastating analysis of this boondoggle. In fact, 6 to 7 million fewer people will have health insurance thanks to Obamawreck.
28 Comparisons of 1970′s and Today
Here are a few…
1. Back then, gas was 36 cents, today it is $3.27.
2. Back then, unemployment duration was less than 15 weeks, today it is more than 37 weeks.
3. Back then, redistribution of wealth was for communists, today is the policy of the U.S. government.
4. Back then, Elvis died, today, the U.S. middle class is dying.
5. Back then, we had Jimmy Carter, today we have Jimmy Carter on steroids.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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