Future Capital Controls?
In the event of a US bankruptcy, or similar financial catastrophe, access to gold would almost certainly be limited. With mistrust between central banks growing, the next step would be to clamp down on gold exports. What this means is that moving gold outside your country could be banned. Thus, storing some gold, or silver, outside your own country may be critical at this point.
The Gold Standard
Listening to some Keynesian pundit, one would think that a gold standard would be hard to implement. In fact, it would be quite simple. There would be some flaws; however, it would only be the result of corruption. No government, or financial, system that we can make is totally perfect; however, it would be better than the one we have now.
India Importing Silver
With the Indian government cracking down on gold imports, silver has taken on a brighter hue in that country. Gold will continue to be imported; however, silver imports are likely to jump 30% this financial year in India. Demand for silver may be between 3,500 and 4,000 tons this year.
Americans Drop Off Labor Force
While the official BS unemployment rate increased to 7.9%, another 169,000 Americans dropped out of the labor force allowing the U6 figure, to remain steady. So, when there are only ten people left in the labor force, and they all have jobs, there will be 0% unemployment.
The reality of what is going on with the dollar is slowly making its way into the mainstream with Bill O’Reilly essentially describing the U.S. government irresponsible fiscal policy as unsustainable. He even went on to say that the current fiscal situation can only be blamed on the American people for ignoring the problem. He, sadly, does not get the point that it really has been too late for the Dollar for quite some time.
15 Signs To Get Prepared For The Recession Of 2013
Here are a few…
1. Consumer confidence in the U.S. has hit its lowest level in more than a year.
2. 1 in 7 Americans are supporting their kids and their parents at the same time.
3. The payroll tax hike that went into effect and reduced paychecks, on average, by 100 dollars.
4. Several important measures of manufacturing activity along the east coast missed expectations by a huge margin in January.
5. 33% of all “sub-prime student loans” are at least 90 days past due.
Speaking of students…
The End of the University as We Know It
Many people claim that they are learning more from You Tube videos than within a traditional classroom. Like stock brokers and bonds sales man, the internet has a history of destroying traditional businesses and higher education may become a victim. There are moves to make college-level education free for everyone; and as a result, many of the roughly 4,500 colleges and universities in the US may cease to exist within the next 50 years.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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