Today’s Items:
First…
Is Asia Planting the Seeds of the Next Financial Crisis?
http://www.cnbc.com
Asia’s economies may still be booming, but a worrying amount of private sector credit is laying the groundwork of the next financial crisis. Private sector credit as a share of gross domestic product has surged over the past few years and is now at an all-time high. This expanding credit may be indicative of a massive bubble and you know what happens to bubbles… Pop!
Next…
Yuan To Be World’s Reserve Currency?
http://globaleconomicanalysis.blogspot.ca
Even with separate bilateral agreements, the Chinese Yuan may not replace the U.S. dollar because…
1. China’s bond market is not big enough yet.
2. Neither China nor the U.S. wants to be the global reserve currency.
With this, it is easy to see that perhaps another form of money… Perhaps gold and silver will become the world reserve currency. And with so much gold and silver showing up in Iran, such as the $1.4 billion worth smuggled from Turkey, this country could be a financial hub. Time to invade.
Next…
About That Gold Stored in Flood-Prone Lower Manhattan
http://www.businessweek.com
There is 15 million pounds of tungsten err… gold bricks stored at the New York Fed. 25,000 visitors tour the bank’s vaults each year; however, because of the flooding, visits have now been canceled indefinitely. The New York Fed is tight-lipped about how it secures the planet’s largest concentration of gold; however, unreliable sources claim the Fed has ordered 200 gallons of gold paint for some reason.
Next…
Stock certificates Feared Damaged by Sandy
http://buzz.money.cnn.com
Trillions of dollars worth of stock certificates and other paper securities that were stored in a vault in lower Manhattan may have been destroyed. Yes folks, we may be now hearing the bogus reason for any possible sell-off in the stock market in the near future. Yes, I can see it now… People will blame their collapsing 401K’s on the weather girl.
Next…
EPA vs. Coal
http://washingtonexaminer.com
In a sign of panic, the EPA has devoted 50 bureaucrats to finalizing new anti-coal regulations that are set to be released at the end of November. It would essentially ban all construction of new coal-fired power plants. In short, the EPA is doing its best to destroy the U.S. economy as quickly as possible with as much bureaucratic red tape as possible.
Next…
Reasons Why Obama and Romney Are The Same
http://www.policymic.com
As you go vote, here are some things to know about Obama and Rommey:
1. Both agree on a nationalized healthcare.
2. Both support NDAA, the TSA and apparently oppose individual liberty.
3. Both support the criminal enterprise known as the Federal Reserve.
4. Both support war in the Mideast; such as Syria and Iran, and and the use of drones.
In short, the differences between these two are little more than the lipstick on a pig. Sorry, I did not mean to offend pigs.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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