Spain’s ‘Vicious Circle’ Worsens
It appears Spain is more likely to miss this year’s deficit target. The Spanish economy also contracted in the third quarter by 1.7 percent year-on-year. Spanish bonds are now at 5.5%. So, more and more the Spanish economy is circling the drain and it is pulling the rest of the EU with it. So, what will Berlin, the EU’s new de facto capital, do to prevent the situation getting worse? We will see.
Bundesbank, Germany’s Central Bank, won’t let the German parliament members physically inspect the 3400 tons of German gold vaulted abroad because the central bank vaulting facilities supposedly lack “visiting rooms.“ To make things more interesting is the fact that the German Constitutional Court has ordered a physical audit of the gold at Bundesbank. As a consequence, Bundesbank has begun the repatriation of German gold from the New York Fed. The Bundesbank will request the New York Fed ship 50 tones of German gold back a year for the next 3 years. Now, why is it going to take so long? Can’t the New York Fed remove the tungsten out of those serialized gold bars faster?
U.S. Government’s Foreign Debt
In January 2009, the debt that the US government holds to foreign interests was about $3.07 trillion. Today, it is now about $5.43 trillion, or $47,495 per household. Also, each household today owes about $10,000 to China.
Suddenly, Wall Street is Taking the “Red Pill”
More and more people on Wall Street are beginning to realize that Central Banks could wipe off entire debts with a keystroke and that is making them very uncomfortable. Needless to say, this action would debase trust in the financial markets and is also an act of war by not repaying an honest debt. So, could the US, with the largest military in the world, simply tell its foreign creditors to go sit and spin? We will see.
Split Visit Charge
Looks like doctors have become capitalists. Insurance companies place limits to the amount money that a doctor can collect from a single visit by a patient. So, to collect the same amount per hour, the doctor can do two things.
1. See more patients per hour.
2. Double, or “Split Visit”, charge those patients who ask more questions which require more time.
If there is a will, then there is a way.
E-Voting Company Could Intercept and Change Ballots Without a Trace
A Barcelona based e-voting company, that will be counting votes in 26 states, can easily intercept and change these electronic ballots without a trace. In addition, there are plans to allow users to vote using smartphones; which can be hacked. So, it does not matter how the vote turns out, it only matters who manipulates err… counts the votes.
Gumby Back Scattering Scanners
The TSA will be removing the X-rated back-scattering machines from busy airports and moving them to less busy locations. The new replacement dangerous back-scattering machines will present cartoon-lime images of passengers. While the perverts in the TSA will no longer get excited at looking at naked women and children on these machines, the machines are no less dangerous.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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