Italy May Ditch Euro
Beppe Grillo, the comedian who was the big winner in Italy’s election, suggests Italy may have to abandon the euro and go back to the lira. Could he, and others, be looking to Iceland; as opposed to Greece, as the solution to their financial mess? Let’s hope so.
The Federal Reserve’s Printing Press Can’t Go On Forever
It wasn’t so long ago that Benji Bernanke was claiming there was no housing bubble, now the stock market is continuing to climb on every positive printing statement that spews out of Benji’s mouth. The Fed’s actions are not without consequence and history has shown that the Fed has a failure on long-term policy initiatives.
USDA May Approve Horse Slaughter Plant
Well, it appears that the USDA is about to approve a horse slaughtering plant in Roswell, New Mexico soon. The impending approval comes amid growing concern that horse meat will somehow make its way into ground beef. Hell, if aspartame can be put into milk without there being a label, why would Americans not be concerned?
JP Morgan and Fed Using the Same Gold Vault?
JP Morgan’s gold vault, the largest in the world is located inches, or directly connected, to the New York Fed’s vault. So, now we know how the German gold was possibly taken from the New York Fed and why the Fed may take up to seven years to give part of it back.
Visualizing All The Silver In The World
Out of the little over 1.4 million tons of silver ever mined, there are only about 777,000 tons of silver currently in existence. 634,000 tons of silver have been lost throughout history. Now, understand that only 165,500 tons of gold has ever been mined. The Gold to silver price is currently over 50:1 while the physical Silver to Gold ratio, using the 1.4 million figure, is 8.47:1. That should give anyone a sense of satisfaction with the purchasing of physical silver.
U.S. Has Infinite Amount of Money
New York City Mayor Bloomberg, in trying to calm people’s fears, may ultimately cause an international uproar. Think of it, you loan the U.S. government money, through the purchase of Treasuries, and an important political official says they have an infinite amount of money? With people acting like this about the fiscal crisis, things are bound to get worse as everyone begins to avoid the U.S. Dollar.
The non-profit group Oceana took over a thousand samples of tuna sold in the U.S. and genetic tests show that 59% of those labeled tuna were mislabeled. In fact, 84% of the fish samples labeled “white tuna” were escolar. A fish that can cause prolonged, uncontrollable, oily anal leakage. Where the hell is Charlie?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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People keep adopting that figure of 170,000 tonnes of gold ever mined from the World Gold Council. It’s false by a factor of 10 or 20. Look at History of Banking at http://www.slideshare.net/ernestrauthschild/the-history-of-banking