Today’s Items:

First…
Brazil’s Finance Chief Attacks US Over QE3
http://www.cnbc.com

Brazil’s finance minister has warned that QE3 will reignite the currency wars with potentially drastic consequences for the rest of the world.    QE3 will only have marginal effect on the US economy; however, the inflation caused will have detrimental effects on global scale.    While Brazil’s threats are undermined, as of now, it is beginning to become a chorus of those who want the U.S. Dollar’s reign, as the world’s reserve currency, to end.

Next…
Flash Crash Part 2 Could Come at Any Time
http://www.cnbc.com

Get ready folks, we are now hearing the reason for the next possible black swan event.    The possible cause of another stock market flash crash, like the one on May 6th, 2010, is officially being blamed upon super high-speed computer trading.    Excuse me, since when did trade computers get a mind of their own?    Are they not following the instructions of those who program them?     These computers are stealth-fully pumping and dumping stocks; as per their Wall Street programmers commands.   Then again, with JP Morgan, Citigroup, and Bank of America under attack by NSA err… Iranian hackers, this could be a psych-op err… concern regarding the derivatives market.

Next…
Gold and The Tungsten Scare
http://kingworldnews.com

After the recent tungsten gold episode, Egon von Greyerz believes people should only have physical gold and silver and it should be bought from reliable sources.    Because gold are often melted down for smaller bars, the LBMA system is a pretty much guaranteed for getting real gold.    For smaller investors, like myself, I like physical gold and silver coins.    Anyway, in 2008, central banks printed about $25 trillion in currency to kick the can down the road; however, the bounce created is over an everything is now turning down.    As the currency is debased, with further printing, expect physical commodities to shoot up.

Next…
Youth Unemployment
http://www.humanevents.com

Labor Secretary Hilda Solis is pretty darn happy about the fact that unemployment for Americans ages 16-24 is 17.1 percent.    She is happy because it is 2 percentage points lower than in 2010; however, the question is how many of these people have simply given up looking for jobs?

Next…
An Economy in The Depths of Hell
http://cnsnews.com

Ignoring her tenor-ship as Speaker of the House, Moonbat Nancy Pelosi tried to blame Bush, yet again, for the economy.    The House of Representatives has the financial purse strings; thus, government spending comes from the House.    She and politicians, in both political parties, have equal share in increasing deficits, debt, unemployment, war, and big government.

Next…
GM Becomes Yugo?
http://bottomline.nbcnews.com

Government Motors is recalling nearly 474,000 Chevrolet, Pontiac and Saturn sedans globally to fix a gearing condition that could lead the cars to roll when the drivers think they are in park.    Guess the Union-workers who built these cars believed “P”  on the gear meant “Push.”    Perhaps, GM is fast becoming the American version of the Yugo.    Unreliable sources claim that GM will now offer a block of wood for $99 to help improve the safety of the car when parked.

Next…
New Chinese Stealth Fighter
http://www.flyingmag.com

Photos of the new Chinese stealth fighter recently surfaced on the Internet.    The single-seat, twin-engine fighter has been designated as the J-21 or the J-31 which looks similar to the F-22 Raptor.   Obama cancelled the F-22 stealth fighter project.    Perhaps we now know where Obama got the $35,000,000 with which to buy his new mansion in Hawaii.

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

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