Gold Is The Strategy
Tan Ya Ling, the President of the China Foreign Exchange Investment Research Institute, argues that gold is a currency and potentially the world reserve currency; thus, the need to dominate the world gold market. He believes the Euro will collapse and that there will be a reshuffling of the international monetary system away from the U.S. Dollar. Guess it is a good thing that the U.S. has plenty of gold…
According to Richard Russell, a possible reason that the U.S. cannot re-set the price of gold to a much higher number and re-liquify the system is that the U.S. may not actually have the gold. Like Britain, they may have sold much of the taxpayer’s gold or loaned it out to bullion banks. If true, this could turn out to be one of the greatest economic scandals in U.S. history.
According to a paper, written by two Harvard economists who used to work at the IMF, there are 5 ways to reduce the debt to GDP ratio.
1. Economic growth
3. Explicit default or restructuring
4. Inflation surprise
5. A steady dose of financial repression, like taxing savings and confiscation of pensions, accompanied by a steady dose of inflation.
The first on the list is relatively rare and the rest are difficult and unpopular. Speaking of repression…
EPA Attacks Wood Stoves
The EPA is attacking wood stoves as a way to possibly attack the BBQ industry. They want to reduce the fine particulate emissions from all new wood stoves sold, by 80%, in the next 5 years. It’s a good thing that this only affects wood stoves and not old tire burning, or ‘oil dripper’, stoves.
Illinois Conceal Carry
The amount of Illinois residents seeking a conceal carry permit already surpasses those who enrolled in Obamawreck. Over 4,500 signed up on last Sunday alone and it is expected that 350 to 400,000 people will sign up this year. Hopefully, these people have already bought their guns and lots of ammo to protect themselves from criminals… Particularly those in Washington.
Police claim a man launched an attack against his girlfriend using a ‘deadly’ banana. The man, who resisted arrest, was subdued with a vegetable-based product: pepper spray. It’s time to stop this “assault fruit” and get Diane Feinstein to seize all bananas once and for all.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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