Today’s Items:

First…
EU slashes Euro-zone Growth Forecasts
http://www.telegraph.co.uk

The GDP across the 17-nation Euro-zone is predicted to be 1.4% in 2012.   The near 12% unemployment and the implementation of austerity measures is going to make the outlook for the Euro-zone even worse.   European financial experts believe that it will take until 2014 for the region to recover and that the U.S. will far outstrip Europe in growth.    Wow…   Talk about mass delusion.

Next…
For Investors, More Fed Easing
http://www.cnbc.com

An election that was supposed to be about change actually could end up being an intensified dose of the dysfunctional status quo.    So expect…
1. More irresponsible government spending; thus, higher debts and deficits.
2. More money printing by Benji Bernanke; thus, inflation.
3. Implementing more taxes; such as, the Carbon Tax, to help cut deficits and distribute wealth.
What we are experiencing is final stages of the frog being boiled alive situation folks.

Next…
Debt Limit…  Again!
http://cnsnews.com

Officials at the U.S. Treasury are quietly warning that the federal government will, once again, reach its legal debt limit before the end of the year.    Before the new Congress is seated, the Treasury will implement “extraordinary measures…    Meaning the Treasury will raid federal pension funds.   Of course, if one were expecting the Republicans to fight against higher taxes, then just forget it with John Boehner offering to raise taxes to avoid the “Fiscal Cliff“.    In short, get ready folks and welcome to the Wiemar Republic 2012 where dollars grow on trees.

Next…
The Silver Supply Squeeze In 1980 Could Look Like A Warm-up
http://goldsilverworlds.com

With as much silver paper flying around, David Morgan believes that we could very well see a 1980 type run-up of silver from $5 to $50…    But greater because while the demand for silver has skyrocketed, the supply side of silver has contracted.    So, after preparing, keep stacking physical.

Next…
The One-Hour Meltdown
http://www.economicnoise.com

The collapse is coming; therefore, please read this article on how the collapse will happen virtually within one hour.    If you have not prepared accordingly, the unfolding scenario, from banks, governments, businesses, to normal people in the first hour, could easily make those stuck in Hurricane Sandy look like they are having a pleasant vacation.  Then after the first hour, that is when it gets really bad.   In short, be prepared as much as common sense will allow you to be.

Next…
Why Data Theft Experts Recommend Paying in Cash
http://www.cnbc.com

Technology is making it easier for criminals to develop smaller, more effective skimming devices, to obtain debt card information.    In fact, compromised checkout machines are so widely dispersed that many crimes go unnoticed for quite some time.    In short, criminals have a much harder time getting to a person’s finances if people use cash, instead of a debit card.

Finally, please prepare now for the escalating economic and social unrest.    Good Day!

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