Yuan Rising in Global Transactions
At 40.2%, the Euro is the most-used currency for global payments followed by the U.S. Dollar at 33.5%. Although only at 0.63%, the Chinese Yuan has overtaken the Russian Rubal and the Danish Krone in global transactions. The use of the yuan increased 24% in January from December and 171% from a year ago.
With world demand slowing, commodity prices currently weakening and Canadians extremely leveraged, the Canadian economy has been caught in a Perfect Storm. Canada’s economic slowdown, or even a bust, has been the works for quite sometime. So, as Mexico continues to destabilize, with the help of international banker supported drug cartels, there is more evidence of the North American Union in the near future.
Wal-Mart Getting Worse
A new leak reveals that Wal-Mart, on top of the revenue stream getting worse, are having a problem keeping shelves stocked with slowing sales. Nothing says success like empty shelves or crappy merchandise.
Originally, the U.S. 4th quarter GDP was -.1%; however, revised estimates are now at 0.5%. Was that thanks to the Fed’s money printing? Anyway, personal consumption growth slowed from 2.2 to 2.1%. It was expected to rise to 2.3%.
Resisting Federal Gun Control
3 more states… Kentucky, Montana, and Alaska are using the 10th amendment to tell Obama and Feinstein to go sit and spin on their pro-communist gun control agenda. The more Washington squeezes, the more the states will fight back against Washington’s unconstitutional agenda.
White House Vs. Woodward
In an email, Gene Sperling, the director of the White House Economic Council and a senior White House official, threatened Bob Woodward that he would regret slamming Obama on sequester. Didn’t anybody currently in the White House see the movie “All the President’s Men” or were they too busy routing for the enemy in “Red Dawn”?
Holder Sounds Alarm
Holder says that the phony choreographed Sequester cuts will make Americans less safe. Almost as unsafe as Holder arming those Mexican drug cartels or trying to force-ably take guns away from law abiding citizens? Yeah, when I think of honor and integrity, I think of Holder… Not!
National Internet Tax Mandate
A bill, called the Marketplace Fairness Act, has been introduced into both the House and the Senate by Republicans.
1. Force customers to pay sales taxes for online purchases.
2. Force states to “simplify” their sales tax laws.
3. Force online retailers to collect and remit state sales taxes.
If this legislation passes, the government will be regulating more aspects of Internet businesses with the ongoing push for more centralized control of the Internet and technology.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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