All that talk of a European recovery has pretty much ended with the announcement of record high unemployment of 12.2%. In addition, young unemployment has hit a record high of 24.1% within the 17 nation eurozone. Guess, its good thing that this news did not come out before the German elections… Right Merkel?
Despite the recent slight drop in physical gold demand from China, demand remains robust in India and the Middle East. As a matter of fact, there has been a 700% increase for physical gold in the Middle East in recent years. For example, demand for bullion in Dubai, which accounts for 25% of global physical gold trade, expanded eightfold in the last 6 to 10 years. Remember, there are buyers and there are sellers.
If Obamawreck wasn’t bad enough, we now learn that insurance company executives are being threatened with retribution if they publicly criticize the roll-out of Obamawreck. The retribution would likely come from the IRS, Obama’s political weapon. Of course, it’s getting much easier to criticize Obamawreck when Sebelius openly believes young single men should have maternity coverage.
Since 2008, 881 million weekly unemployment benefit checks, totaling 252 billion dollars have been printed. Averaging over 5 years will yield about 50.4 billion per year. To put that into perspective, the government spent 22.2 billion dollars on global warming this year. Using money as a measure of importance, unemployment is only twice as important as the governments global warming agenda.
John ‘Frankenstein’ Kerry has expressed his frustration that many Americans do not recognize the urgency of combating global warming. Well John, it may have something to do with that fact that global warming predictions have been proven wrong 97.4% of the time. In fact, out of 117 fear-monger’s wild claims of global warming, only 3 have come true. So John, based on real science, you are likely a fool, a liar, or both.
Despite the fact that McDonald’s has killed their one dollar menu because they were losing money and natural gas is projected to increase by 13% this winter, we are told by the Ministry of Truth err.. Bureau of Labor Statistics that inflation only rose by 1.6% this year. If the inflation rate were calculated the same way when Jimmy Carter was president, the official rate of inflation would be somewhere between 8 and 10%.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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