Even though China’s GDP grew 7.7% in 2013, investors are being warned to prepare for wave of bankruptcies as China may face a decade of stagnation or, even worse, contraction. The decision to let some companies go bust was a sign that authorities did not want to repeat Japan’s boom and bust experience.
According to John Ing, the Chinese continue to be huge buyers of gold, but the interesting thing is that the Chinese have become much more sophisticated in the gold market. So, while they are the world’s largest annual gold producer at 440 tons, they are consuming about 1,100 tons of gold during this same time.
Graham Offers Help
In an open mic moment, Lindsey Graham offered John F’ing Kerry help; in regards to the Ukraine; against Boehner. Hopefully, this betrayal of his own party, seals this bastards fate in the primaries in his state.
The number of native-born, working-age Americans who aren’t working has shot up by almost 9 million since 2007. By late 2012, roughly 50 million native-born working-age Americans weren’t working, up from 40 million in 2000. But the government data shows that 16.7 million native-born Americans wanted — but did not have — full-time work in 2013. Now gee… Who could be manipulating the numbers folks? In addition, could this manipulation be for a push for immigration reform?
CIA and Benghazi
There were CIA personnel on the ground when the attack on the Benghazi consulate took place. After a major incident like that, one would believe that the CIA Inspector General would conduct an investigation into what happened. Well, think again because it never happened. Probably because the U.S. war in Libya is likely a CIA operation in the first place.
Obama promised in 2007 that he would push for the labeling of GMOs in food. Well, with a letter, 200 naive organization are asking him to honor that pledge. Although there are 20 states considering GE labeling, the letter urges national labeling laws. Hell, why doesn’t he just dream up an executive order to do it since laws, or promises, mean nothing to Obama?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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