Greece Needs Another Debt Write-down
The sorry, and predictable, saga continues with Greece. You know, the debt, austerity, protests, riots, and the ongoing social collapse. Now, criminal bankster Christine Lagard, of the IMF, wants Europe’s leaders to forge a deal next week. In addition, Greece’s Prime Minister has embarked on a “Please Sir, I Want Some More” tour of the Middle East, China, and Russia.
Here are some items that will put possible excuses, about the economy, into perspective…
1. The Stock Market actually topped on September 14th and has trended down ever since.
2. The U.S. economy was a lot weaker prior to Hurricane Sandy becoming a factor.
3. Fed policy is becoming increasingly ineffectual to the markets and to the overall economy.
Now that the sham of an election is over, we are hearing the true state of the economy; such as…
1. Initial claims for unemployment are now at 439,000 – the highest since April 2011.
2. Both the Dow and S&P 500 are down more than 5%.
3. Food stamp use is at an all time high of 47.1 million.
4. Americans living in poverty is at an all time high of 49.7 million.
Electric Power Delivery System Vulnerable
The Department of Homeland Insecurity quickly classified a 2007 report, from the National Academy of Sciences, that details how a coordinated attack by just a few people in just a few critical components could wreak such havoc on the US. It could deny electrical power to vast regions of the country for weeks, or even months. If this unlikely scenario were to happen, are you prepared?
Regulators Are Going After JP Morgan
The Office of the Comptroller of the Currency will soon proceed with formal action against JP Morgan for being soft on money laundering. U.S. banks are obligated under the Bank Secrecy Act to report to federal authorities any suspicious activity or cash transactions of more than $10,000. So, add this to the $6 billion London Whale trading loss and things are starting to go down hill for the Fed’s front company.
Its the 11th, no 14th… Whatever
Please watch this video on how Nancy Pelosi, former Speaker of the House of Representatives and was third in line to the Presidency, again fully displays her complete lack of knowledge of U.S. Constitution that she has sworn to defend. She even had a podium, and notes, and still could not get it right.
Libertarian Voters Cost GOP Victories
In at least nine congressional races, Libertarian voters cost the GOP dearly. This was obviously payback for the fraud and voter intimidation during the primaries against those who support the U.S. Constitution. To those lamenting the loss, take the plank out of your own eye before pointing out the splinter in another’s eye. Without a massive campaign, Gary Johnson won 1.2 million votes. Many Republicans simply sat out the sham election. If the Republican elite were ethical and voting was honest, Obama would not have been re-elected. Something to think about.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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