Hyper Report recommends the reading of Gregory Mannarino’s The Game is Rigged
Today’s Items:
First…
Hard and Soft Options
http://www.davidmcwilliams.ie
There appears to be two perceptions of Germany in the EU. One that caters to other voices and one that is individualistic. This explains why the Merkel government says they will do anything to save the euro, however, does very little. The answer why this is happening is very simple. Putting Germany first might leave Merkel isolated in Europe, but she would be very popular at home for next year’s election.
Next…
Western Central Banks Print Money, Emerging Market Central Banks Buy Gold
http://seekingalpha.com
While western central banks, like the Fed, print currency to infinity while using their influence to paper down the price of gold and silver, emerging economies like Mexico, Russia, Turkey, and the Ukraine are increasing their holdings in gold. For example, the National Bank of Kazakhstan plans to increase its share of gold from 15 to 20 percent of its total reserves, further displacing the euro as their debt crisis deepens. In short, one has a choice, follow the corrupt Western bankers suicidal philosophy, or get physical like the emerging markets.
Next…
A Gold Standard & Silver Shortages
http://kingworldnews.com
The strongest evidence of the continued chaos in Europe is a chart of the Spanish bond yields. Spanish bond yields are now approaching 8%. Stephen Leeb, of Leeb Capital Management, believes the world is heading toward a ‘de facto’ gold standard. In terms of silver, Japan is just now putting in 3.2 gigawatts of solar, which requires 400 tons of silver, and this is the first step.
Next…
US Retirement Benefits Underfunding Rises To Record $1.4 Trillion
http://www.zerohedge.com
Only the state of Wisconsin has 100% of its public sector pension liabilities funded. 15 states, including Texas, New York, and Florida have 80% or more of their pension liabilities funded. Rhode Island, at 49%, and Connecticut, at 53%, bring up the rear. Is it any real stretch that private pensions will be targeted to take up the public pension slack?
Next…
Young households ‘Crushed’ by Recession
http://www.nypost.com
This so-called recession, which is more like an ongoing depression, has greatly impacted young households, those households made up of people between ages 35 to 44. The average family lost 35 percent of its household wealth, composed largely of home values and stock investments. Those 65 years old and older saw their net worth fall by 13 percent over the past five years.
Next…
Police To Hold Gun Turn-In Event This Weekend
http://chicago.cbslocal.com
Police, in Chicago, are using the lure of a $100 gift card, provided by taxpayer money of course, to get guns from the city’s victims err… citizens, while the criminal element, armed to the teeth, will be able to take advantage of newly disarmed victims.
Next…
The 25 Most Dangerous People in Financial Media
http://www.huffingtonpost.com
In first place is Max Keiser and Stacy Herbert of the Keiser Report followed by Tyler Durden at Zero hedge. I, personally, would like to have seen SGT Report, BrotherJohnF, or Endlessmountain on the list; however, there is always next year.
Finally, Please prepare now for the escalating economic and social unrest. Good Day
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This “free sharing” of iniarmotfon seems too good to be true. Like communism.
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