The Osama Files
The Osama Bin Laden raid was suspect from the very beginning. Not only were key initial descriptions of the assault completely incorrect but the manner in which his body was rapidly tossed into the ocean was beyond bizarre. Now, the nation’s top special operations commander has ordered military files about the raid to be purged from military computers and sent to the CIA where the truth may never be known.
Broke nations are bailing out other broke nations with borrowed money. As of April, 41 different countries had active financial “arrangements” with the IMF. Once a nation gets hooked on bailout money from the IMF or from other sources, it can be very hard to get off of it. How long can this go on before the entire system collapses? We will see.
According to James Turk, there are two things that people should be paying attention to… The first one is rising interest rates because the dark side of QE is beginning in an already weak economy. Second, with physical demand for gold and silver, we are seeing backwardation. He goes on to say that in a year or two when we look back at today, we will marvel at how cheap the prices of physical gold and silver plummeted to.
The Fed is Screwed
In about six months, we will start hearing about the Fed’s exit strategy. It will involve securitizing the “assets” on the Fed’s balance sheet and selling them off into the public markets at a discount. The problem is that it will add extra crap that is flowing into the public market and will crowd-out ongoing debt offerings that already have a hard time being sold. No wonder Benji Bernanke is looking for the exit.
The U.S. Federal Court system published its annual Wiretap report to Congress.
Here are some of the details…
1. The average cost of a wiretap order last year was 50,452 dollars.
2. 3,395 wiretaps were ordered, averaging 29.03 days each.
3. Only 18.19% of these wiretaps actually led to a conviction.
Of course, this report likely only contains the non-classified wiretaps.
More Fast & Furious Murders
The rifle used by gunmen, who intercepted and killed a Mexican Police Chief, was purchased about three months into the treasonous and criminal operation known as Fast & Furious. Chalk up yet another murder due to Obama and Holder’s obsession to crackdown on the 2nd amendment.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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