According to the analysts at Goldman Sucks, the first financial crisis wave was the U.S. housing crisis in 2007, which caused the S&P 500 to drop 58%. The second was Europe’s sovereign debt crisis in 2012. The third is happening with the emerging markets. So, while gold stocks appear to be in a bottoming process due to uncertainty, in the end, it will likely be physical, because of re-hypothecation, that wins the day.
NIRP Replaces ZIRP?
Fed officials now seem open to deploying negative interest rates to combat the next serious financial crisis and even claim that the costs will not be as great as anticipated. Even former Fed chief Benji Bernanki believes that’s bad idea. One can only assume that the Fed is run by alumni of a clown college.
Surprise! More Debt!
You just can’t make this up folks! For a long time, we have been told that the national debt was frozen, now… Surprise! Surprise Surprise! Through revised changes in the methodology of Treasuries and security credit, $2.7 trillion in debt has been discovered as the Fed has quietly revised U.S. debt from 330 to 350% of GDP.
After witnessing so many identical Toyota pickups in ISIS convoys, an investigation found that the U.S. State Department, under John “Frankenstein” Kerry, indirectly supplied 43 pickups to ISIS. And you probably thought ISIS was just a CIA operation.
Warren Buffet’s Delusion
According to Warren Buffett, “America’s great now — it’s never been greater.” If having the fattest population, watching the most television in a day, playing the most video games, having the highest incarceration rate, having the highest car thefts, and use more prescription drugs makes a nation great, then this guy needs to either get back to his meds or start treatment for dementia.
Backtracking on Email
The White House claimed that Hillary’s private email server, when she was Secretary of State, was not a security threat until now. From this, we can infer that the FBI has indeed obtained damning evidence on ole Hillary.
The Department of Homeland Insecurity is reviewing the idea of reviving the Bush-era color alerts for domestic threats. So, when a school shooting occurs, we lock down the country?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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