European Central Bank Holds Rates As Inflation Eclipses Growth Risks
The European Central Bank held its main interest rate at a record low of 0.75 percent. Meanwhile, the official bogus rate of inflation in the euro zone accelerated to 2.6 percent in August from 2.4 percent in July. It looks like the EU, and the US, are seeing the negative repercussions of an easy money policy as the currency goes down in value.
‘Bubble’ in U.S. Bond Yields
Leon Cooperman, of Omega Advisers, believes that U.S. government bond yield are a “mispriced asset class” and represent a bubble to avoid. He goes on to say that there is a price structure that is subsidized by the government. In short, get out of paper folks.
The Most Dangerous Trend Facing The World Today
Marc Fabor, the legendary optimist, believes that central bankers are intellectually, completely dishonest or incompetent an printing is all they know. He goes on to say that the biggest threat to gold owners is that if the price of gold goes ballistic, or above 10% annually, governments will simply take it away. Of course, if the U.S. has this situation, there will not be many turning in their physical gold.
Californians Race to Amazon Before Sales Tax Deadline
Well, while the majority of Californians are stupid when it comes to whom they elect at the state office, they are able to miraculously recognize that their tax-hole with online dealers, like Amazon, will close on September 15th. To that end, and to save anywhere between 7.25 to 9.75% sales tax, they are rushing their online purchases before the deadline. Of course, if Californians, and many others in the U.S., had thought about their respective state government a little more often in the past, they would not be in this financial mess.
TV Voting Demographics
Here are a few of the differences between Republicans and Democrats when it comes to TV viewing habits…
1. Republicans watch less TV than Democrats.
2. Republicans favor NASCAR, “Cops”, and “Entertainment Tonight” while Democrats favor “Glee”, “Family Guy”, and daytime shows.
3. There are no shows for independent thinkers simply because the TV may not even be present in their homes… turn the page.
Many of my new subscribers may not know about my other channel called the “Diaper Report”, with its single video “Happy Trails.” This one video is my attempt to convey a positive message for those who, even with everything still going on, are still clueless as to what may be in store. So please, view and share with others this wonderful video.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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