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Gregory Mannarino’s The Game is Rigged
Today’s Items:
First…
Europe Faces Japan Syndrome
http://blogs.telegraph.co.uk
Within the EU, with the exception of Germany, the long-feared credit crunch has mutated instead into a collapse in demand for loans. Households and firms are comatose, or scared stiff about taking on any more debt. For example home loans fell 70% in Portugal and 44% in Italy. Unlike Japan, this will not just be a lost decade for the EU, it will be a collapsed financial system. As demands continues to drop, the final crash will not be far off.
Next…
Jobless Claims
http://www.chrisofrights.com
With sources cited, jobless claims are posted, then a week later they are revised upwards. It may be 1-2 thousand or it may be 15,000 as in January. Of course these are seasonally adjusted numbers and one can expect that manipulated number to be revised upward more later on. Why else would Sugar Daddy Bernanke have felt confident to predict unemployment below 8% by the end of the year?
Next…
5 New Lies That The Federal Reserve Is Telling The American People
http://theeconomiccollapseblog.com
1. The labor market has improved.
2. The U.S. economy is going to experience solid growth.
3. We can expect low inflation
4. The Fed has a 30 year reputation for keeping inflation low
5. We should trust that the Fed will do anything to support the U.S. economy.
Next…
Feds Eye Retirement-Fund Tax to Cut $16 trillion-Plus Deficit
http://www.nypost.com
Washington, desperate to fix the $16 trillion debt, is eying the $18 Trillion in 401K accounts. One way, is to no longer allow employers to get a tax deduction for their part in a 401K plan. If this is done, then hypothetically, it will increase government revenues by $458 billion. Of course, as things get worse, one can expect the nationalization of 401K’s for National Security.
Next…
Spanish Company Will “Count” America’s Votes Overseas In November
http://www.dailypaul.com
The Spanish company SCYTL, associated with George Soros, will count overseas votes. Votes, in this system are downloaded to the company server, leaving no traceable record of voting, and then a manipulated count can be sent to a vote counting authority.
Next…
The Shrinking Immigration Problem
http://www.nationalreview.com
The U.S. economy is becoming so vibrant that illegals are looking for the door out. Mexican-born population in the United States decreased from 12.6 million in 2007 to 12.0 million in 2010. Mexico’s GDP, despite the gang wars, has grown faster than the U.S. — 5.5 percent in 2010 and 3.9 percent in 2011. The question is, will Mexico, in the near future, treat illegals from the North as the U.S. treated illegals from the south?
Next…
Teacher Upset She Can’t Retire at 47
http://www.michigancapitolconfidential.com
This is what happens when the market is not setting prices. government workers, like Michigan teacher Terri List, think they deserve to retire at 47 years old. Her rational for not working is to allow lower paid government workers to come in and save the government money. Where does her retirement come from? The taxpayer.
Finally, Please prepare now for the escalating economic and social unrest. Good Day
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