Today’s Items:
First…
Former ECB Chief Economist Says ECB Is In Panic
http://www.zerohedge.com
Austrian Die Presse, the former ECB banker says that… Since 2010, the European Central Bank has been in a panic and has been flooding the market with euros. We could see, as soon as this December, the collapse of Greece. We may be seeing that the destruction of Europe’s democracy is in its final phase.
Next…
More Fake Gold
http://www.zerohedge.com
Since the initial discovery of a single 10 oz Tungsten-filled gold bar in Manhattan’s jewelry district, dealers have discovered at least ten more fake 10-ounce “gold bars.” Four fake bars were purchased from a well-known Russian salesman. Hmm… Our investigation has gone over the pond… And possibly getting closer to HSBC. In addition, there are ways, using ultrasonics to detect fake gold.
Next…
Shortage of Bonds to Back Derivatives Bets
http://www.businessweek.com
As per the 2010 Dodd-Frank Act, starting next year, new rules will force banks, hedge funds, and other traders to back up more of their bets in the $648 trillion derivatives market by posting collateral. Unfortunately, there is a shortage of Treasury bonds and other top-rated debt to use as collateral. So, what will banks use? Why not your IRA’s, 401k’s, checking, and savings accounts?
Next…
Christopher Stevens Diary
http://www.foxnews.com
The US State Department, under Hillary Clinton, is furious at CNN for reporting the contents of the diary of slain American ambassador Christopher Stevens. Was it because it was reported over objections of the family? Hell no. It was because his diary clearly shows that the Obama administration was lying again as his diary described his fears and warnings of a terror threat well before the Benghazi attack on September 11th.
Next…
1oz of Silver for 45 Acres!
http://www.youtube.com
This video, by TruthNeverTold, clearly illustrates, using the Louisiana Purchase that one ounce of silver bought 45 acres of land. In the post dollar world, your physical silver may not buy you 45 acres of land; however, it may be possible to buy an acre for one ounce; thus, you could buy an acre in the future for a $40 investment today. Another reason, after preparing, to keep stacking physical.
Next…
Five Reasons Romney is Wishy-Washy
http://www.economicpolicyjournal.com
1. Like Obama, he is economically illiterate.
2. Like Obama, he has no principles.
3. Like Obama, he look at matters piecemeal – rather than see connections.
4. Like Obama, he does not think things through.
5. Like Obama, he lies and play it safe.
One way or the other, we all lose.
Next…
More Junk Mail
http://pittsburgh.cbslocal.com
In an attempt to fill the void of real mail, and to increase revenue, the post office will address its serious budget deficits by increasing the amount of junk mail. 84 billion pieces of junk mail was delivered last year with 60 percent of it being acted upon by the recipients. So yes, you will be getting more junk mail, or love letters for your money.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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