Merkel’s Day of Reckoning
Germany, Holland, and the creditor states of northern Europe have not lost a single cent on euro-zone rescue packages, so far. They have issued a fistful of guarantees and are flooding Southern Europe with excess capital. With the Greece situation about to get substantially worse, many in other so-called creditor states are about to get a massive haircut on their southern investments. As an example of the downhill spiral in Europe, Moody’s has stripped France of its AAA rating. In short, financial haircuts will be made to a continent that is essentially going bald.
Europe Seeks More Taxes From US Multinationals
EU Lawmakers are going after US Multinational companies, like Google, Amazon and Starbucks, who pay little or no taxes in Europe. In fact, Google records most of its international revenue at its European headquarters in Ireland, thus avoiding paying taxes in other countries around the world.
We Have a Shortage of Gold
A flat supply and at least at 2500 ton net change in gold demand, since 2000, has resulted in a net shortage of gold, according to Eric Sprott. The gold sold likely originated from Central Banks to keep the gold price from going through the roof. With all this gold gone, it is unlikely that Central banks will ever get that gold back. This is why, it is important to have your gold, or silver, in your hands and not in some other paper manipulated scheme like an ETF because it is unlikely that the custodian will not be able to produce the physical to back it up.
Surviving The Monetary Meltdown
We may be in the endgame of this, mankind’s latest and so far most ambitious and dangerous, experiment of unconstrained fiat money. Whenever paper money dies, eternal money – gold and silver – stage a comeback. This is because gold and silver are forms of money that cannot be inflated to worthlessness. With that said, after preparing, keep stacking physical.
13 Reasons the US is Doomed
Here are a few…
1. Undeclared wars are commonplace.
2. The economy is over-regulated, overtaxed and grossly distorted by a deeply flawed monetary system.
3. Debt is growing exponentially especially with Geithner effectively yelling “Raise the debt limit to infinity and beyond!”
4. A steady erosion of our 4th Amendment rights with acts such as the Patriot Act.
IRS Internet Scams
If you get an email from a government agency, like the IRS, it is likely a fraud and you should immediately check with the source using a contact that is outside the email message.
Gun Ownership Up, Violent Crimes Down
According to the FBI and the ATF, of all sources, firearm ownership is at an all time high and violent crimes are near an all time low. So much for the BS put forth by those who support gun control… You know, Obama, Bloomberg, and other waste of skins. It even gets better… According to a recent ABC News Poll, 73% support the second amendment, which protects rights of individuals to own guns. Something for Obama, and his fellow hoodlums, to think about as they continue to attempt to unconstitutionally, and illegally, confiscate firearms from the US population using a bogus UN Treaty or other under-the-table methods, like Fast-and-Furious.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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