Euro Crisis Getting Worse
A stagnant economy, a weak President, and a jump in car burnings are all signs of a looming social and economic crisis in France. France lies not only at the core of the eurozone, but is also one of the original architects of the European Union. In short, France is a precursor of what will happen to the EU and the U.S. as well.
Hungary Destroys Monsanto Corn Fields
Officials of Hungary have taken a bold stand against Monsanto and GMO’s by destroying a 1000 acres of maize found to have been grown with genetically modified seeds. Unlike many European Union countries, Hungary is a nation where GMO’s are banned. Looks like NATO will have to invade that country to save the people from eating healthy.
Physical Versus Paper Gold
China’s demand for gold jumped 20% to 294 tonnes in the first quarter of 2013. Central banks added 109.2 tonnes of gold to their reserves in Q1 2013, the ninth consecutive quarter of net purchases. But, global gold demand overall slid 13% thanks to the dramatic rotation of demand from paper to physical. In short, smart money is quickly getting out of non-backed paper and into physical for delivery.
Big Mac Inflation Indicator
From 1986 to 2002, McDonald’s Big Mac prices were in line with the calculated CPI at about 4% inflation per year; however, since 2002, the Big Mac has gone up about 6% per year while the CPI has only gone up about 2.5% per year. So, either something changed at McDonald’s or something has changed with the calculation of the CPI.
As the nation’s top law enforcement official, Holder is privy to all kinds of sensitive information; however, when confronted in public hearings under oath, his favorite response is “I dunno.” Hey Eric, I bet your recollection would increase considerably if you were introduced to water boarding.
I Was Following Orders
In the 2012 cycle, ultra-liberal unionized IRS employees donated to Obama over Romney by 94%. Now, we have two low-level Cincinnati IRS workers claiming they were following orders targeting groups opposing Obama. My advice to these workers, as they start pointing fingers, is to stay away from Fort Macy Park. Also, to find out the truth, we may need to introduce Steven Miller, acting chief of the IRS who resigned, to water boarding. Maybe, we may even find more about Obama’s secret, and possibly illegal, database that has everything on everyone. Right Maxine Waters?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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