Italy’s simmering revolt against Germany, austerity and its own ultra-European elites is coming to a head again. Italy has a primary surplus and gold reserves; thus, according to a game theory study by Bank of America, Italy would benefit most among big EMU states from a euro exit. In short, Italy is using the wrong currency.
Ed Snowden Helped?
Snowden’s exposure of the NSA was good; however, that doesn’t mean we have the whole story. It is likely that this relatively low-level man was guided and helped. So, who gains and loses in this situation? Well, the losers are the NSA and other spy agencies, like the IRS. It also gives a serious black eye to the U.S.’s good guy image. So, the winners are obvious… China and Obama because both have disdain and hatred for America.
Massive Black Swan Is Going To Rock World Markets
James Turk believes that we are very close to something that will blind-side the financial system. He goes on to say that banks are so leveraged that they are operating like hedge funds; thus, more of these insolvent bank failures are inevitable. In addition, he says that the bullish divergence between gold and silver could lead to the next big launch pad for both metals.
Home Repossessions Up
Housing is roaring back with such vigor that home repossessions in the U.S. increased by 11% in May. Foreclosure filings were also up by 2.3%. In addition, first-time default notices also increased by 4% last month. Banks may have been waiting to see what the economy would do; however, now they acting to preserve what they can.
Rats Jumping Obamacare Ship
Dozens of lawmakers, and aides, are so afraid that their health insurance premiums will skyrocket next year, under Obamacare, that they are thinking about retiring early or just quitting. Some seriously fear a brain drain on Capital Hill. Brain drain on Capital Hill?
Sebelius On Education
Sebelius, in trying to deflect her shake down of donors for Obamacare, said that 3rd graders are so far behind that they may as well drop out. Why would third graders want to listen to this waste-of-skin?
Human Genes Cannot be Patented
The Supreme Court ruled that human genes cannot be patented. This ruling, needless to say, destroys all of those patents by corporations and universities where they claimed to own 20% of all human genes.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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