G20 Jaw Flapping
Over the weekend, finance chiefs of the world’s 20 leading economies, met in Mexico, and raised concerns over.
1. The U.S. fiscal cliff that no one is addressing.
2. The ongoing and escalating economic crisis that is destroying the EU.
3. Japan’s own fiscal cliff.
In short, they recognize the problems; however, a bunch of jaw flapping does not solve a thing.
Obama The Liar-and-Charlatan
Secret documents reveal Obama has gift-wrapped Libya and handed it over to Al-Qaeda. These documents include evidence of highly sophisticated weaponry provided to jihadists indirectly by Obama. It is high time that America learns about the Libyan Islamist rebel regime, which is claimed by Obama to represent a democratic and humanitarian alternative to Gaddafi; is a lie. No wonder Obama does not want to use the term terrorism… He apparently uses it on other countries.
Big Government Fail
FEMA appears to have been completely unprepared to distribute supplies, like bottled water, to Hurricane Sandy victims when the storm hit. In fact, FEMA officials had to tap private vendors for extra water until they can get supplied with water, and other supplies, later. Perhaps, if FEMA administrators were more interested in their mandate, than buying bullets, body bags, and setting up detention camps, they could have been ready. At any rate, this just goes to show how centralized authority will fail when it really counts.
Why Self-Sufficiency Matters
Societies, in which individuals are more responsible for themselves, grow more than those in which they are less responsible for themselves. For example, many countries in Europe, like Greece, Italy, Spain, and France rank at the very bottom of self-sufficiency. On the other hand, Asian countries like Korea, China, and India rank at the top. Easy welfare and social programs make people lazy and non-productive, which drops the overall productivity of a society. In short, if people have to earn money to spend it, they have to be more productive.
Illinois Teachers’ Retirement System Broke
Expecting to get 8.5% on returns for fiscal year 2012, the Illinois Teacher Retirement System, or TRS. got 0.76% instead. Hell, if they had just purchased gold for the year, they would have easily made over 8.5%. The TRS has less than 23% of the money it should have in the bank today in order to make its pension payments. In short, the Illinois TRS is broke and will most likely soon be insolvent.
Gun Sales Surge
While many companies have abysmal earnings reports, the demand for personal weaponry has caused gun dealers, like Ruger with sales of $118 million last quarter, to go through the roof. The single largest determining factor as to why gun sales have surged since early 2008 seems to be a collective fear surrounding the election of a big government anti-gun socialist as the final arbiter and protector of the U.S. Constitution. With this election, we have a choice of two anti-gun candidates; thus, arm up with both guns and bullets while you can.
Surge in Retail Gold and Silver Buying
Despite the recent paper sell-off, people, brand new to gold and silver markets, are joining experienced investors and adding aggressively to their physical holdings. Even though central banks, like the Fed, are legally allowed to trade gold and silver, they are only trading paper and will only settle in paper; however, this house of cards will collapse. With that in mind, after preparing, keep stacking physical.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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