Phony GDP Numbers
According to Peter Schiff, the U.S. GDP is not the reported 16.6 trillion dollars, but instead it is closer to 13 trillion dollars. Talk about bad math! That is a whopping 3.6 trillion dollar difference. With all of the real stats, it makes sense that the U.S. economy is shrinking and not expanding. He goes on to say that it’s going to be harder for the U.S. to borrow money from abroad which means the Fed is not going to be tapering. At least Asia will buy Treasuries…
Asian Market Crash
This video, from a recent subscriber, places the Asian market situation into context. The emerging markets, that have for years been buying Treasuries, are likely going to be selling this paper because of their floundering economies. When all this paper goes out of central banks and into the market, interest rates will soar, and this could very likely cause hyperinflation in the U.S.
2,600 tons of gold were produced and sold into the market in 2012. Scrap production has declined 25% alone in 2013. Yet, according to William Kaye, contacts in the scrap industry report that they are not down anywhere close to that. So, where is this gold coming from? It is very likely that this gold is coming from Western Central Banks and when that runs out… That is when the fun begins.
Holder Speaks of Prosecutions
While not giving specifics, Holder stated that more prosecutions are coming from the 2008 economic meltdown. Holder said that several cases are now coming to a head. Yeah, just do not hold your breath on any of the big fish wearing orange… Except Mr. “Vaporized” Corzine… Maybe. Speaking of crimes…
Two Sets Of Rules
When an ordinary person makes a bad stock-option trade, they are screwed. On the other hand, when a Too-Big-For-Jail bank like Goldman Sachs does it, those trades need to be voided. Supposedly, an internal system that Goldman Sachs uses to help prepare to meet market demand for equity options inadvertently produced orders with inaccurate price limits. Yeah, Right.
Nobel Prize Winning Plagiarism?
Nobel Prize winning Princeton economist Paul Krugman is battling plagiarism charges. Krugman appears to contradict his statements that he did not plagiarize a UCLA professor’s work in his New York Op-Ed. The Nobel Prize thing just isn’t what it used to be. Perhaps, they should award these things posthumously.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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