Let The Pumping Begin!
QE3, at a rate of $40 Billion a month in mortgage based purchases that will be open ended, begins. Operation Twist and the ridiculous easy money policy, with interest rates below 0.25 percent, will also continue. Supposedly, “Goldman Sachs” Romney said he would not reappoint “Sugar Daddy Benji Bernanke, if elected President, and criticized his policies. In short folks, as precious metals take off, the U.S. dollar, as with all fiat currencies in the world, is just about toast. With all this, one should expect the mother of all paper shorts very soon.
US-Backed Terrorist “Blowback”
The “Arab Spring” “blowback” was inevitable as many had warned Obama not to use US-backed terrorists in the Middle East. Embassies under attack, dead Americans and hostages are sadly a result of crimes perpetrated by the US. Obama, no doubt, will likely continue to be the missing-in-action President who does not attend intelligence briefings and claim its Romney’s err… Bush’s fault.
Jobs and Inflation
Believe it or not, officials at the Labor Department are blaming Tropical storm Isaac for the increase in jobless claims. In addition, producer prices rose by 1.7 percent in August, the most in three years. Energy prices accounted for more than 80 percent of the rise in wholesale prices. Food prices and Pharmaceutical product prices rose 0.9 percent and 0.5 percent respectively.
Median Household Income Has Fallen
According to the U.S. Census Bureau, median household income declined to $50,054 in 2011. American families are steadily getting poorer. In fact, after adjusting for inflation median household income has not been this low since 1995.
NDAA’s Military Detention Blocked Permanently
Fear is the psychological weapon of choice for totalitarian systems of power. The National Defense Authorization Act was designed as a weapon of fear to be used against the American people. Even though Obama lawyers argued that the executive branch was entitled latitude, Federal judge Forrest permanently blocked enforcement of military detention of anyone deemed to have connections with terrorism without due process. In short – U.S. Constitution: one – Obama: Zip.
Opting Out of Banking System
Because of the continued economic conditions, 8.2 percent of U.S. households, or roughly 17 million adults, are a part of the unbanked population. 821,000 households opted out of the banking system from 2009 to 2011. Minorities, the unemployed, young people and lower-income households are least likely to have accounts. So, how many of these unbanked households are preppers or simply use a credit Union instead?
Flu Shot Worsens H1N1 Symptoms
You may want to think twice before you race out to your local Walmart to get that flu shot. A researcher, in Vancouver, found that vaccinated subjects in an animal study displayed worsened H1N1 symptoms and became much sicker, from the ingredients within the vaccine, when exposed to the H1N1 virus. Something to think about when you see those “Get Your Flu Shot Here” signs.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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