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European Manufacturing Contracts For 11th Consecutive Month As Unemployment Hits Record
Euro-zone manufacturing sector contracted for the eleventh successive month. The rate of decline in Germany, which currently has an average unemployment rate of 5.6%, was the steepest for three years. Meanwhile, Euro-zone unemployment, in May, hit a record of 11.1% with Spain at 24.6%.
Devalue the Euro?
When the current laugh-out-loud agreements are seen as inadequate, there is only one currency option left… Devalue the Euro by 20% or more. A devaluation of the Euro would be approved in Brussels in a heartbeat with Germany that would be initially reluctant because of inflationary pressures. The timing would be critical, like a Sunday evening announcement, to minimize the worldwide chaos of people getting out of the Euro too quickly.
EU Embargo On Iranian Crude Oil Now In Full Effect
The European Union’s economic sanctions have come into effect for Iranian crude. Yes, the Europeans get to pay more for gas while China, India, and Russia get to corner Iranian crude. U.S. experts, and that is a joke in of itself, claim that the existing sanctions have cut Iranian oil exports from 2.5 to 1.2 million barrels a year. Guess they never heard of the term… Black Market?
Central Planners Are Destroying the Financial System
Since the financial meltdown in 2008, many gimmicks have been created to keep the economic system going. Relative to paper currencies, gold has compounded in the neighborhood of 18% per year. The system is addicted to creating ‘wealth’ with electrons and paper. The current path of debased currency will collapse and will want to be in physical gold, silver, and yes… Copper.
10 Sobering Realizations the Eastern U.S. Power Grid Failure is Teaching Us
Here are a few…
1. The power grid is ridiculously vulnerable to disruptions and failure
2. Without electrical power, acquiring food and water in a major U.S. city can become a difficult task
3. Cell phones and the internet are vulnerable and cannot be counted on in an emergency.
Republicans See Way to Repeal Obama-care
Republicans are claiming that they can overturn Obama-care, with a razor-thin majority, if flip-flopping bankster Mitt Romney is made our next dictator. All this, while Democrats are trying, unsuccessfully, to insulate themselves that they supported Obama-care,
the biggest tax hike on Americans in American history. Gee, I feel better already.
Google Helping in Attack on 2nd Amendment
Google Adwards has changed its policy and will no longer show, within Google Shopping, any results for guns or gun accessories. Of course, the best thing to do when buying guns, or gun accessories, is to not go through the internet. If possible, buy local.
Finally, Please prepare now for the escalating economic and social unrest. Good Day
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