Debts and Shorts
According to Egon von Greyerz, with $280 trillion of world debt and $1.5 quadrillion of derivatives, this will lead to a collapse. That’s why they have printed and created tens of trillions of dollars, and lowered interest rates to zero. He goes on to describe that the Fed is reacting to events and once people, distrust the system, then the 100 – 1 ratio of paper to physical gold will lead to a massive short covering.
U.S. Consumer Spending Falls
The average American is 54,000 dollars in debt. So, it should not be a surprise to learn that consumer spending, that accounts for 70% of the U.S. economic activity, fell in July for the first time in six months. So, will the weather be blamed for this one too?
Just like the goons at the IRS, goons at the TSA lied when they told the public that illegal aliens were not being allowed to board U.S. commercial jets in July. Well, a newly-surfaced letter from the TSA on August 7th confirms illegal aliens are being allowed to board planes using a Notice to Appear form. So, apparently the TSA is not only lying, but if terrorists are flying, they are actively supporting terrorism.
Because it is projected that Social Security will run dry by 2033, many young Americans believe Social Security is a raw deal for them. Because of financial reasons, lifespans and upcoming changes, many Americans will work until they drop and not collect much in the way of benefits. In addition, first it was denied, now we are learning that end-of-life care, via those death panels, is making a comeback that will be supported by Medicare.
Ammo Bill Fails
In some good news, California lawmakers, probably in fear of the growing backlash against central governance, voted to reject background checks and permits, for ammo buyers. Of course we need to be on guard, because there are always those, like the San Diego Sheriff, that claims Americans do not need guns because they will protect the citizens. Question… If we have fire departments, why is it recommended we have fire extinguishers in our cars, homes and workplaces?
In some more good news, a federal appeals court ruled that biotech giants, like Monsanto, cannot force a grain elevator firm to store their poison err… GMO crap.
In yet some more good news, a secret video captured inside the CDC bunker complex in Atlanta shows the reaction right after one of their top scientists’, Dr. William Thompson, blew the whistle on the connection of the 340% increase in autism when vaccinated. The CDC lies can no longer be covered up.
My Nevada Indians
In comments about the Washington Redskin football team, Senator Harry Reid said “They have tried to buy off some of my Nevada Indians.” Since when did this goon start owning Nevada Indians? Could this be another reason that Southern Utah University, where the ‘Dirty’ Harry Reid attended, is removing his name off their buildings?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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