We are being told that gold is flowing back into GLD, as a sign that investors are returning to the sector. Yet, GLD physical gold inventory Year-to-date fell from 798 to about 795 metric tons. Any additions to the inventory, during this time, were followed by quick subsequent withdrawals by those in Asia.
The euro-zone is still going through a breaking test, and the U.S. dollar is gradually losing its status as the leading global currency. National currencies are only backed by the holding of other nation’s currencies that are only backed by promises. To that end, if there is nothing intrinsic backing these currencies, then they are all worthless. This is why it is best not to fight the central banks, like the Fed, but instead, after preparing, to buy physical gold, silver and other real assets for when trust in currencies is finally lost.
Why Didn’t Someone Tell Us?
Vulnerable Senate Democrats, who voted for Obamawreck, are now asking why didn’t anyone tell them that it would cut Medicare. Make no mistake, this play dumb routine is not going to work on anyone. The November elections are getting closer and Americans are getting more infuriated over this Marxist scheme. Of course, ball-less Republicans are no better.
Banks are Obsolete
Technology has leapfrogged the banking sector, rendering it as obsolete as buggy whips. So why devote 9% of the economy to an obsolete parasite? Software and existing non-corrupt financial entities could replace the entire financial ponzi scheme sector and drop costs to 0.5% of GDP.
Wal-Mart Misses Revenues
There are two things to take away from the the fact that Wal-Mart’s revenue went down due to cuts in food stamps…
1. If Wal-Mart isn’t doing well, the rest of the economy isn’t doing well.
2. If Wal-Mart depends that heavily on government subsidized shoppers for income, the subsidies need to be cut.
In short, Wal-Mart needs to sink or swim in the private sector.
Gun grabbing hypocrite Diane Feinstein is coming to the rescue of the NSA, that is taking an international beating. Yes, this repulsive sea hag from hell actually believes, despite clear evidence otherwise, that the NSA’s illegal activities have safeguarded Americans. In the end, Diane Feinstein will go down in history with the same level of disgust as Marie Antoinette.
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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