According to Michael Pento, we are headed for a coordinated sovereign debt collapse. The tax base, in the developed world, can in no way support debts and deficits. To that end, there will be endless debt monetization, and that means inflation is going to be a big problem. Owning physical gold and silver will keep pace with inflation; thus, after preparing, keep stacking physical.
In the seventeen years between 1992 and 2009, the Russian population declined by almost seven million people, or nearly 5%. This is a rate of loss unheard of in Europe since World War II and much of this appears to be caused by rising mortality. So, while Russia’s closest cultural and geographic cousins, such as Belarus and Ukraine, are not dying off as fast, Russians may be dying suddenly and violently.
Europe and Gas
Russia sold 86 billion cubic meters of gas last year, all of which passed through Ukraine. Europe desperately needs is a source of energy that with not be interrupted by conflict or politics. With European politicians, in Brussels, threatening to choke Russia’s banks, by locking Russia out of the Swift interbank payments system, Europeans may be the ones who will be out in the cold.
According to the Congressional Budget Office, Gross Domestic Product ticked up barely 1.5% last quarter. Now, a new report has confirmed what many predicted long ago; in that, Obamawreck has forced, so far, 18% of all businesses to cut back on full-time employment and increase part time employment.
The Fed, FDIC and top regulators of Wall Street finalized rules that require the country’s largest banks to hold an increased level of newly defined “high quality liquid assets” in order to meet a potential run on bank during a credit crisis. In addition, these rules excludes municipal bonds and that have state treasurers in an uproar. In short, this crimps the ability of states and localities to raise essential funds to operate.
Antibiotics Becoming Useless
Because of the rampant, overuse of antibiotics on humans and animals in factory farming. antibiotics are becoming useless. While antibiotics certainly offer some solutions, we simply need to move toward a different healing medium. Deaths from common infections were declining long before effective medical intervention was possible. This may have been due to better living conditions and more sleep.
Spinning Bad Jobs Report
The bad job report numbers are being spun by the 5th column err… news tabloids err… media to soften the blow of the bad news. For example, the taxpayer supported NPR reported that the Jobs Report may mask the economy’s strength. At this rate, we will eventually have nobody working and a zero unemployment rate.
Since 1975, more than 3 million refugees have been resettled in cities in the United States. Obama has even made it possible for refugees that have given only “limited material support” to terrorists to come to America. In short, jihadists need only claim to be a refugee, and they get into the U.S. virtually on a red carpet. So, if Obama allows terror supporters into America. What could possibly go wrong?
The argument against liberals ever being in charge of our lives can be reduced to a single word: Detroit. Detroit has fallen from its position as one of the greatest cities in America, at the beginning of the 1950s, through decades of unbroken liberal governance, to the morally and fiscally bankrupt cesspool of today. In fact, fire Department must use an empty soda can placed on the edge of a teletype machine as an alarm to tell firefighters they are needed and where to go.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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