India Central Bank Bans Loans To Buy Gold
The Indian Reserve Bank directed banks not to give loans for the purchase of gold in any form. The decision was taken in view of significant rise in imports of gold in recent years; thus, increasing gold as a competing currency. In the last year alone, India has imported 1,067 tons of gold. Needless to say, Indians will continue buying gold because that is a part of their culture.
Muslim Brotherhood Targeting Jordan
Following successful campaigns in Egypt, Libya and other Middle East and North African nations, Obama’s allies, the Muslim Brotherhood, are now trying to overthrow Jordan’s government. In fact, the Jordanian King has ordered 10,000 soldiers to crush the Obama inspired anti-government riots. How long before we start seeing high-tech US made weapons in the nation?
Silver May Outperform Gold By A Factor Of 5
David Morgan believes that when the precious metal market tops out, silver will conservatively outperform gold by a factor of 2 to 3 times and it could be as high as a factor of 5. Just using the historic monetary ratio of 16-to-1 alone, silver will increase by a factor of 3 compared to gold. In addition, using the Reagan inflation adjusted numbers from 1980 to present, gold should be $9548 while silver should be $555 today. With that said, after preparing, keep stacking physical.
Obama’s War With The US Military
The glue that holds a military machine together is RESPECT. A concept that Obama is completely clueless about. Multiple generals forced to retire is defiantly sending a message through the ranks and possibly not the one that the Obama regime intends. Obama appears to be playing games with those who have sworn to protect and defend the US Constitution first and not the President.
The nation’s fiscal cliff has been getting all of the attention, but plenty of state and local governments are facing crunches of their own. They are taking unprecedented austerity measures to stave off bankruptcy; such as, the 292 school districts cutting back the school week down to 4 days. Also, the primary reason, the tax advantage, for investing in Munis could go away as Washington looks for new revenue. In fact, Obama has already tried to end the tax exempt status of municipal bonds twice before.
Food Inflation: The Thanksgiving Pinch
According to the Department of Labor, this year’s holiday dinner is officially 1.7% higher than last year. Of course, it most likely higher because of all the manipulation that goes into government numbers. When one looks at the reasons, from the historic world-wide drought to the Fed’s money printing scheme, 1.7% is just a tad low folks.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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