Financial Bubble Ready to Burst
Robert Shiller, a Nobel Laureate, says that confidence levels are at an all-time low for the 21st Century – with clear indications that investors see the market as overvalued, and vulnerable to collapse. The stock market has clearly been built up on a huge bubble of artificially high prices for things like real estate. Just imagine the chaos when things unravel. Of course, was anyone, who understands what is going on, really surprised the Fed did not raise interest rates?
The total amount of gold, held by the Comex, is 218 tons. This is one month’s demand of physical bullion by China and India alone. The Bank of England bailed out the Comex and LBMA in 1999. It will be interesting to see if a bailout is possible this time around. Especially since JP Morgan experienced a 45% decline of its Registered Gold Inventories in one day and has only 10,777 ounces of gold remaining in its registered gold inventories.
Unfunded Corporate Pension Plans?
Seven years of near zero percent interest rates has taken its toll on private sector pension plans. At the end of August for 1500 S&P companies, there was an estimated aggregate deficit of $423 billion compared to the $44 billion at the end of July.
GOP Push against Boehner
29 Republicans now publicly oppose John “the RINO” Boehner as House Speaker. Unless there is a sudden outbreak in principle, there will be a close vote with bidirectional crossover and ultimately a close win that favors the corrupt. AKA Boehner wins and the war on the Constitution, babies and America continues.
Obama is seeking psychological advice about climate change. Forget about climate change, he just needs psychological help. Anyway, he issued an executive order instructing federal agencies to use behavioral science when developing programs to manipulate people into buying into this $4 billion a day fraud.
Nevada election officials, who cannot see how corrupt Harry Reid is, are investigating one of Hillary’s staffers, Christina Gupana, after an undercover video apparently showing her conspiring to violate election laws. She has deleted her LinkedIn, Twitter and her law practice Website. Unreliable sources claim she wandered a little too close to Fort Marcy Park, and took a dirt nap.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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