Well, the idea of being Cyprused is now being escalated to the EU, as a whole. Ireland’s Finance Minister, and current European Council President, Michael Noonan, is introducing a proposal that will hit depositors, that have over 100,000 euros, in the event of future bank collapses. Yet, people still believe that a bank is a good place to store currency?
CFTC To Regulate Bitcoin?
Bart Chilton, of the CFTC, stated that regulating Bitcoin is something to explore. The agency that cannot see silver and gold manipulation wants to regulate a secured peer-to-peer internet currency? Of course, this another way for central banks to shut down this competing currency since they are not going to sit around while their monopoly over currency creation is being threatened.
Wealth Inequality In The US
No country in the history of the world has ever remained a super power without a middle class. In 1970, the top 1% had an average income of 318,659 dollars while the bottom 99% earned 31,073 dollars. Today, the top 1% have an average income of 905,570 dollars while the bottom 99% earned 30,981 dollars. If this keeps up, the middle class will cease to exist in America.
Home Renovation Spending
According to the Census Bureau, home renovation spending has imploded in the past six months to 2010 levels. This means that household discretionary income may be tapped out and those home renovation projects are canceled or on hold. So, if home renovation spending goes down, the U.S. household financial picture may no longer be able to be suppressed by various seasonal adjustments.
Your Cellphone, Your Enemy
In recent testimony, it was accidentally revealed that the NSA records all electronic communication inside the U.S. in real time. In fact, NSA whistle-blower William Binney claimed that the NSA collected 20 trillion transactions involving U.S. citizens. Also, the NSA is building a mammoth data storage center in Utah that is capable of storing 5 zettabytes of data. To put that into perspective, in 2009, the entire World Wide Web was estimated to contain about half a zettabyte.
Exercise Is An Alternative Therapy?
In a sad turn of events, the American Heart Association has reiterated the need for standard pharmaceutical treatments for heart health while downplaying exercise as alternative therapy. So, is the American Heart Association now all about creating a profitable industry to treat heart problems?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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