Bernanke at Jackson Hole: No More Easing, For Now
Many had expected Benji Bernanke to come out and announce another round of QE, while in Jackson Hole; however, foreign investors – like the BRICS, have been quietly threatening retaliation if that happened. Already, bilateral agreements between multiple nations are resulting in the dropping of the dollar and the dollar stands at the edge of being dropped as the world’s reserve currency. With all that said, the worsening economy will force the FED to print sooner or later.
Investors Assets To Be Stolen In The Coming Collapse
Egon von Greyerz believes that the illusion of wealth people are living under will vaporize like the $1.6 billion at MF Global. Unfunded liabilities and huge yearly deficits are going to be the undoing of the economic system that we see today. When banks go under, they will take their depositor’s wealth with them and do not even think about the FDIC folks. Simply put, if you do not have it in your hands, you do not own it. Also place a good amount of wealth into things without counter-party risk, like gold and silver.
Majority of New Jobs Pay Low Wages
According to a new report from the National Employment Law Project, many new jobs created are low wage jobs. The disappearance of mid-wage, mid-skilled jobs is part of a longer-term trend that some refer to as a hollowing out of the work force. Lower-wage occupations, with median hourly wages of $7.69 to $13.83, accounted for 58 percent of all job growth since 2008.Needless to say, you can forget about employer health insurance and retirement plans here folks.
What State Is The Best Place To Live In America?
Here are the states where you possibly do not want to be when it hits the fan… California, Delaware, Louisiana, Michigan, New Jersey, and New York. Here are the states where to potentially move to… Alaska, Colorado, Idaho, Kansas, Montana, Nebraska, North Carolina, North Dakota, South Carolina, South Dakota, and West Virginia. I still think Texas is good though.
Did RNC “Scripted” Rules Change Start A Civil War In The Republican Party?
The Republican Party Criminal Leadership, in changing the rules in midstream with this bogus Rule 16, have essentially forever cut the RNC from grassroots by forcing delegates to vote the way the leadership wants to them vote or be disqualified to vote. Needless to say, as more and more information gets to the grassroots of the extent of this ruling, the Republican party will not survive as it is now.
Ballistic Precious Metals
Having your food, precious metals, and other supplies is great; however, make sure you can protect yourself, and your loved ones, when it hits the fan. Ammunition, like gas, gold and milk only have one direction to go when it comes to price and that is up. Anything, from a war to a presidential executive order banning imports of cheap ammo can make the price skyrocket even further. To that end, please ensure you have a ample supply before you really need it. After all, it is better to be a year early than an hour late when it comes to preparing.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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