Germany to Fed: We Demand To See Our Gold
The Fed is stonewalling the Germans and refusing to let them even see the gold they own. So far, the 1,536 metric tons of gold, worth about $93 billion at spot prices, has only been backed up by personal assurances. That and 10 cents will get you a packet of cancer causing aspartame sweetener at Starbucks. The Bundesbank has pledged to bring back and inspect 150 tons of gold from the US over the next several years. Of course, they have a higher chance of getting that gold than the Romanians who want their 93.4 tons of gold returned. Back a the Bundesbank, a Bundesbank official is quietly assuring the New York Fed that the gold issue will go away. Not with other nations demanding their gold back, it won’t.
The Dollar, Euro and Gold
Tom Fitzpatrick states that the dollar index may move up to 84 meaning the the dollar’s perceived delusional value will go up. Turning to the euro, it appears to be in a topping pattern, and could see sharp down moves. Turning to gold, it appears to be in a consolidation pattern; however, be ready for upward swings. In the end, gold will outperform all paper currencies as it has been doing so for quite some time now.
Producing only 171,000 new jobs in October, the bogus unemployment rate moved higher to 7.9%. Economist, no doubt working for Obama, predicted that unemployment would fall to 7.7%. In addition, long term unemployment, that is 27 weeks or longer, rose to 40.6%. Also, average hourly earnings dropped by one cent to $23.58. The good news is that the unemployment rate for government workers dropped again to 4.2%. Doesn’t that bring a warm feeling to your heart?
Food Stamp Growth Greater than Job Creation
Since 2009, 194,000 new jobs have been created while 14.7 million have been added to the food stamp rolls. To put this into context. 75 people were added to the food stamp rolls for every 1 new job created. In short, the U.S. is devolving into a welfare state.
Hidden Cameras Without Warrants Okay?
U.S. District Judge William Griesbach, nominated by George W. Bush, ruled that it was reasonable for federal agents to enter private property without permission and install covert digital surveillance cameras without a warrant. Although, in this case, it was rural property and the cameras were in open fields; it doesn’t take a genius to believe that the next step is install these covert “Peeping-Tom” cameras into people’s private bedrooms for the TSA err… federal agents to monitor. Hey, maybe they will deploy camouflaged toilet surveillance drones.
10 Easy Ways to Save on Energy at Home
Here are a few…
1. Minimize phantom loads by unplugging items completely from the wall. 75 percent of the electrical power used in home electronics is consumed while the products are turned off.
2. Replace incandescent bulbs with low power LED, not the mercury laden CFL, light bulbs.
3. Plant shade trees and shrubs.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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