The U.S. government has sold $682.9 million in “Bunker Buster” bombs to an ISIS supplier in Turkey. Bids were solicited via the Internet. To summarize what is happening, U.S. corporations are making a profit selling weapons to Turkey; so that, they can use them against Kurdish opponents of Turkey’s “president for life” Erdogan.
It’s Time to Buy Gold
According to officials at Deutsche Bank, gold is still expensive, but rising economic risks and market turmoil means investors should buy gold for insurance. Wait! You mean a central bank is recommending buying a barbarous relic? Another consequence of cutting interest rates into negative territory.
Here are some items from the 2015 audited financial statements released by the U.S. Treasury…
1. The U.S. government had $3.2 trillion in total assets.
2. 37% of the government’s total reported assets are student loans.
3. The U.S. government had $21.5 trillion in liabilities.
In short, if the U.S. government were a private company, Obama and Jack Lew would be wearing dayglo orange jumpsuits while facing felony fraud charges.
Subprime Auto Loans
The auto industry has been doing better than many other areas of the economy in recent years, but this “mini-boom” was fueled, in large part, by customers with subprime credit. We will likely see a subprime auto loan meltdown like the subprime mortgage meltdown.
NASA has an entire program specifically dedicated to spotting potentially dangerous space rocks entering the Earth’s atmosphere; however, they knew nothing of the two-story building sized meteor that exploded February 6th over the Atlantic. It’s funny how they claim to still monitor everything near earth.
“Mental Health” Testing
A panel, appointed by Obama, in partnership with Big Psychiatry, wants to make doctors subject all American adults and children over age 12 to screening for alleged “mental health” disorders. The outfit also left the door open for recommending such “screening” for children under 12, too. This is something out of George Orwell’s 1984. Next up… Involuntary “assisted suicide” for what Obama calls those people that cling to their guns and religion.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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