131204 – Pensions Vaporized!

Today’s Items:

Biden Goes To China

Vice President Gaffe err…  Bite-Me   err…  Biden is going to China to reduce tensions in the region.    What could go wrong?    Maybe he can take his gaffe tour to North Korea while he’s at it.

China Rejects U.S. GMO Corn

China recently rejected 60,000 tons of corn being imported into the country from the U.S. when it was found to be contaminated with GMO Corn.   So, the country that had a history with tainted baby formula and has made toys with lead paint has rejected GMO corn.    That should give one pause as to the level of danger that GMO’s pose.

Chinese Yuan

As more people become distrustful of the U.S. dollar, the Yuan’s now distant second place status since it surpassed the Euro will become more prominent.    Can you imagine the impact if the red Yuan notes were replaced with gold Yuan notes that are backed by gold?

Volcker Rule

At least three U.S. regulators will meet on December 10th to adopt the final version of the Volcker rule banning banks from making speculative bets with their own money.    It sounds good until one learns that banks currently have until July 21st to implement the Volcker rule.    Needless to say, without the money coming in from banks into the stock market, it will be very interesting.

Silver and Gold as Money

Why isn’t gold and silver still in circulation?   One reason is that fiat currency, and the ease of inflation, allows those, who govern, to have more control.    Another reason is that people hoard gold and silver while they spend fiat.  In short, after preparing, keep stacking physical.

Hacker’s Dream: ObamaWreck

According to David Kennedy, a so-called “white hat” hacker, it could take a year to address the security breaches on the Obamawreck website – whose costs have now topped 1 billion dollars in contract rewards.    He stated “It’s really hard to go back and fix the security around it because security wasn’t built into it.”   Of course, Obama, and others, would likely state that this is not a problem, but a feature.

Obama to Sign Up

White House Press Secretary Jay Carney stated that he knows that Obama will sign up on the Obamawreck Website.    Now, the question that needs to be asked is which Social Security Number will he use?


A judge overseeing the City of Detroit’s fiscal sustainability ruled that the city can be afforded bankruptcy protection.    This means that all 100,000 of the City’s creditors stand to lose a good portion of their money.    In addition, those retirees living off the City’s pensions will see an 80% obliteration of their retirement funds.    Get ready for Washington to interfere and make things worse…   Again!

Finally, please prepare now for the escalating economic and social unrest.     Good Day!

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