Over the past five years, Chinese bank assets have grown from 9 to over 23 trillion dollars to help support their country’s debt bubble economy. Chinese bank assets now absolutely dwarf the assets of the Federal Reserve, European Central Bank, and the Bank of Japan combined! As with all bubbles, there are many signs that the horrific debt bubble in China is about to burst, and when that does, the entire world is going to feel the pain.
Despite the paid-off media’s attempt to try to save Obama, under Obamawreck, not only will people lose their doctor. Not only will people have their health insurance cancelled. Not only will people be subjected to Death Panels. What is being overlooked, with Obamawreck, is the new and higher deductibles and total annual out-of-pocket expenditures – except for those free holiday condoms. So if you think the Heath-care website sucks, wait til you actually need care. Don’t you just love it when legislators vote on bills without reading them? But the good news is that Obama is giving away Holiday condoms.
It’s that special time of the year when it is better to give than to receive and Ed Snowden may have that special gift. Snowden recently revealed that he has a secret cache of ‘doomsday’ material of 50 to 200 thousand documents that will rock many people’s world. Needless to say, Snowden’s potential gift have criminal government agencies, like the NSA, all in a twitter.
Imploding Bullion Banks
According to William Kaye, because of the lack of physical gold, there are major problems with many bullion banks, two of which have already defaulted earlier this year. He goes on to describe that the people may have to settle for cash when the market begins to make an important up-move which could be early next year; thus, ending the fractional reserve gold system.
In January 1980, fresh whole chickens cost 69 cents a pound. By October, 2003, it was $1.02 per pound. Today, it is a record $1.54 per pound. One factor, aside from inflation, contributing to the increased cost of chicken, according to the American Farm Bureau Federation, is increased regulation of chicken farmers by the EPA.
Since I will be away a few days, my next report should be next Monday. Until then, I wish you, and yours, a Happy 150th Thanksgiving for we still have much to be thankful for.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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