Russia is continuing to dump T-bonds through Euroclear in Belgium to acquire physical gold. So, if Jim Willie is to be believed, between China and Russia, they have accumulated over 40,000 tons of gold reserves.
As expected, when it was discovered that there is rehypothecation in China, Western banks are scrambling to put up a false facade that everything is alright. Yes, they can throw paper and electronic pixels at the market; however, in the end, where is all of that rehypothecated gold, silver, aluminum, copper and other commodities? Perhaps the same place where one sees flying pigs and dancing unicorns?
Giant Sucking Sound
The flap between the U.S. and Russia is now eating away U.S. bank deposits. Since March, deposits by Russians in U.S. banks have suddenly plunged from 21.6 billion to 8.4 billion dollars. They yanked out 61% of their deposits in just one month! They’d learned their lesson in Cyprus the hard way: get your money out while you still can before it gets confiscated.
Obama’s Military Problem
The possibly illegal prisoner swap for five terrorists is now having repercussions on Obama. Forget what politicians are saying about the prisoner swap. Active duty members in the U.S. military, who were relatively quiet before, are now openly bad mouthing the Liar and Charlatan. No wonder Obama needs a well armed IRS, DHS and Postal Service.
Death and Decay
If a picture is worth a thousand words, then the photos of the transformation of Detroit from 2009 to today is heartbreaking. 2009 shows pictures of relatively nice houses while today we see empty lots or what looks like a fire bombed hell hole.
In her first likely act in running for President in 2016, Hillary Clinton plans to explain her head injury caused concussion and eventual blood clot. Will we hear that she was running to catch that 3AM phone call regarding the Benghazi attack but tripped over Bill with a prostitute? Or, was it her narrowly being hit by that flying house?
Shows, like the Simpsons, have been displaying June 22nd 2014 in them. Many, who have seen the Simpsons air the dates for both 9/11 and the Boston bombing are concerned. Just great, now I won’t be able to enjoy my birthday without someone saying there’s going to be a terrorist attack?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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