Hyper Report recommends the reading of Gregory Mannarino’s The Game is Rigged
Australia will become the first major economy in the developed world to record a surplus since the start of the global financial crisis. It has benefited from a China-fueled mining boom; thus, it now has 11 billion pound savings from the extra revenues. So, what is the government doing? Deep tax cuts and increasing pensions; which, will come back and bite with the slowing down in the Chinese economy.
Renting: The New American Dream?
From cars to homes, Americans are getting used to the idea of renting the good life; since they cannot, or will not, buy it outright. One possible reason is the increased mobility of our society; however, the unemployment and the number of people dependent upon government makes that unlikely. According to Moody’s, by late 2011 it was cheaper to rent than to own in 72% of American metropolitan areas, up from 54% a decade ago. How long before Americans are going to be renting cloths on their backs?
Mr. Vacinate the children till they are dead Gates has chimed in on gold, claiming that gold prices are psychological. He does claim that he made money on silver; however, he appears against silver and gold. So, owning gold is psychological? How about owing paper, or digital, based assets? The difference is like asking if a person is hungry, would they prefer food or a small framed picture of food? It seems more of a leap of faith, or fantasy, to own paper than owning something physical.
Make no mistake, if Central Banks and nations like China and India are buying gold, they certainly know something that Buffett, and others, are not saying. With everyone running away from the euro to the perceived safe harbor of the dollar, gold and silver prices are falling for the time being. With the paper to physical ratio so high, the hyper-inflationary crisis with the dollar will see physical gold and silver spike big time; therefore, be your own central bank and keep stacking.
Criminal prosecutions are at 20-year lows for corporate securities and bank fraud. Instead, protestors, farmers, and individuals are targeted for unfair prosecution. If one doubt this, then why is Jon Corzine not wearing orange after claiming so much money just vaporized? In short, justice from the Department of Injustice today is for sale and it is expensive.
Here we go again folks, there are renewed calls to switching to a steel-layered composition for all circulating U.S. coin denominations. Copper, zinc, and nickel is too expensive now. The debasing scheme would save the U.S. Mint up to $200 million annually. So how long before we start seeing wooden nickels?
Finally, Please prepare now for the escalating economic and social unrest. Good Day
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