The Imploding of the World’s Largest Economy
The largest economy in the world is not the US or China; but in fact, it is Europe and it is imploding. Things in Europe continue to get even worse as summit after summit yields the big goose egg. Greece is about to run out of money… Again. Spain is in the midst of the worst housing crash that it has ever seen. The French economy, with unemployment above 10%, is starting to implode. It is a matter of time before Italy and France look like Greece and Spain as the laundry list of woes gets longer and longer.
No Currencies Will Survive
Robert Fitzwilson says that various currencies will become the safe haven of the day, but none will survive what lies ahead. He goes on to say it is imperative to switch out of paper-based assets into real assets such as gold, silver and well-located real estate. No amount of printing or economic growth can prevent currency destruction and entitlement collapse. So, after preparing, keep stacking physical.
Here we go folks. We are about to be told that mysterious algorithm, like the one that accounted for 4% of all trades last week, will be the reason that the stock market could crash in not-so-distant future. We are also told that exchanges are not monitoring high frequency trades; thus, the stock market, like a casino, is ripe for a complete collapse. It appears that there is no real oversight; thus, it is best to get your money out of stocks yesterday. With that said, we may have a clue as to who may be responsible…
Prepare for Extreme Market Volatility
Officials at Goldman Sachs have advised their muppets err… investors to expect extreme market volatility. They go on to say to expect similar conditions as those experienced in August of 2011. The fiscal cliff – which would otherwise deduct 5% GDP growth – and the never-ending debt ceiling debate signal a coming market crash.
Military Times Poll
66%, of those wearing the military uniform, would vote for Romney while only 26% would vote for Obama. 55% believe Romney has their best interest at heart compared to 24% for Obama. 15% say neither represent their interests. 49% believe Romney is sincere about his positions compared to 24% for Obama. 16% say both speak with fork tongue. 57% will cast absentee ballots which most likely will not be counted.
Food Assistance Outpaces Jobs
The number of US households reliant on food stamps increased over 99,000 to about 22.5 million in July. Assuming an average of 2 people per household, the increase means that more people went on Food-stamps in the month of July than found jobs. In the same month, the number of disability recipients rose over 20,000. In short, the US will exist until politicians realize they can bribe the people with the people’s own money.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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