South Korea Central Bank Bought 14 Tons of Gold
The Central Bank of South Korea increased its gold holdings by 14 tons to 84.4 tons, citing that gold is a physical, safe asset and allows a country to deal with changes in the international financial environment more effectively. Now, wait a moment, Benji Bernanke said that holding gold is a tradition. What are we supposed to believe, what Benji says or what Central Banks do?
The Pounding of Gold and Silver
James Turk believes Central planners are making gold and silver look weak because these monetary metals will provide the foundation when the monetary system is eventually re-constructed, and the price of gold and silver will be far higher than the numbers they are painting the tape with today. This is why holding physical gold and silver is a long term investment because all paper instruments, backed by fiat currencies, will go to zero.
Derivatives Will Destroy Global Markets
Nobody really knows the total value of all the derivatives that are floating around; however, estimates of global derivatives are anywhere from 600 trillion to 1.5 quadrillion dollars. Keep in mind that the global GDP is somewhere around 70 trillion dollars. Starting next year, new regulations will require derivative traders to put up trillions, as collateral, for margin requirements. This means, the largest US banks that own most of the derivatives and are virtually financially insolvent, could do a mass exodus, destabilize the marketplace, and cause financial markets to crash. In short, get ready for a sudden crash and burn.
Porn Paying For College
In Britain, which can easily be in the US as well, unemployment levels has forced many debt ridden students to use their bodies to pay for a university education. Research indicates that anywhere from 600,000 to 3 million pounds is going into universities straight from the sex industry. Out of every 10,000 students, 600 may be strippers or prostitutes.
Skewed Relationship With Business
Obama claims that his relationship with business has been skewed. Could it be that he, himself, stated that working in a private business was like being “behind enemy lines?” Could it be that he has placed much higher barriers against businesses, with Obamacare and his redistribution policies? In short, his so-called “relationship” with business is clearly one of foe and that it is not skewed, but screwed.
Katy Bar the Door
From coast to coast, criminals are becoming increasingly bold and desperate. The result is that self-defense killings have skyrocket 2200% in 2011 as officials tell citizens to lock their doors and load their guns because there is not enough money to pay for adequate police protection any longer. When it hits the fan, forget Michael Bloomberg’s gun control wet dream in protecting your family, you will need guns and plenty of ammo. Just ask those who had their homes looted in the aftermath of Hurricane Sandy. Calling 911 on your free Obama-phone will get you little.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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