Chinese Exports Slump
China Customs officials stated that “the country faces serious challenges in exports and imports.” They blame weak external demand, higher labor costs, and a strong Yuan for a 3.1% drop, or the worst exports slump since 2009.
Indian Gold Demand
The good news is that Indians are still buying gold unlike people in the U.S.; however, new obstructions to the gold trade imposed by the Indian government has cut reported imports by 86%. With that said, one can be sure that China will be happy to step in and take possession of the metal.
Playing For Keeps
According to William Kaye, gold leased from Western central banks; such as the Fed and Bundesbank, is entering Hong Kong for melting, refining, and recasting for China and other Asian buyers. China could easily now have anywhere between 4000 to 8000 tons of physical gold as opposed to the possible 8000 tons of paper gold held by the U.S. government.
Republicans Stammer On Obamacare
House Republican Leader Eric Cantor stammered, while not answering the question, whether the House will defund Obamacare. A further illustration that Republicans cannot be counted on to do what it takes to stop Obamacare.
Electronic Health Records
Medical records systems being used by physicians and hospitals are not secure. Either by accident, or intent, these electronic records can make a person vulnerable because medical staff assume the information within these records is 100% accurate. Also, support for electronic health records is more about control than health and safety.
Obama Orders Squealing
To stop future leaks, Obama, using the age-old scheme of fear, has ordered federal employees to report suspicious actions of their colleagues based on behavioral profiling techniques that are not scientifically proven to work. Of course, when it comes to science, when has Obama had any scientific credibility? Those that refuse to squeal will face penalties and criminal charges.
Lunar National Park
Two Democrats want to establish a U.S. National Park on the moon. The problem is that the Moon is not U.S. territory and it also conflicts with the Outer Space Treaty. How long before Obama tells the world, “Uranus is mine?”
Have a desire to go eat an all-you-can-eat buffet restaurant like Golden Corral? After viewing the behind the scenes images, you may decide otherwise. Unless you like your baby-back dumpster ribs.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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