China’s Credit Bubble
It appears that China’s 23 trillion dollar credit bubble is beginning to burst and this could take the entire global economy with it. The big underlying problem is the fact that private debt and the money supply have both been growing far too rapidly in China. If there is a major default on January 31st, it could easily ripple through the Chinese financial system very quickly. Needless to say, this would effect all trading parties associated with China.
One indicator, that shows the day of U.S. economic reckoning is near, is the amount of U.S. gold export scrap leaving the country. For example, 449 metric tons left the country in the first 10 months of last year, and by far, the majority of that went to Hong Kong. In 2012, U.S. gold scrap supply declined more than 50% to 266 metric tons compared to the previous year. So, as the paper manipulation keeps the price of physical gold down for now, expect the real gold situation to get only worse until the scrap is gone.
Silver Spike Shock
According to James Turk, the kettle is ready to explode because gold and silver are way too cheap at current manipulated price levels. He goes on to say that the real excitement will start when silver breaks above its all-time high of 50 dollars per ounce. He continues to recommend the accumulation of physical gold and silver because they are money that are safe due to it being outside the banking system without any counter-party risk.
The hits just keep on coming for Obamawreck! A security expert, David Kennedy, claimed to able to “hack” the Obamawreck website in just 4 minutes and had access to 70,000 records. He described that one could literally just open up their browser, navigate to a certain page, and extract all this information without actually having to hack the website itself. No wonder this site is an identity thief’s dream!
Likely Events After Economic Crash
Here are 3 of the 6 listed…
1. Both foreign and domestic travel Restrictions.
2. Squatters taking possession of property.
3. Spontaneous and government created riots to bring about Martial Law.
5 Keys to Inspiring Leadership
Here they are; however, please see the article for a full explanation…
1. Face up to challenges.
2. Win the trust of others.
3. Be authentic or just be yourself.
4. Earn respect by walking the talk.
5. Stay curious and be inquisitive.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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