130527 – Defending the Indefensible

Today’s Items:

EU threatens France

The European Commission will use sweeping new powers to impose controversial social, and economic, reforms on European countries later this week.    France, Spain, and Slovenia are set to be hit with criticism, and the possibility of sanctions, with fines that could support possible future bailouts.    So, on top of debt, if there are fines, then these countries may not be able to ever pay off their debts.

The Golden Shield

At 205 metric tons, Russia is in the top 4 countries that produce gold.    Russia is following China’s example and not placing their gold up for sale in the international markets.    Putin is attempting to shield Russia from the escalating currency war between the yen, yuan, dollar, and euro with physical gold.

Bullion Banks going Net-Long

At present, precious metals, like gold and silver, are seriously oversold while other financial markets are overbought.    Logic strongly suggests that retreats from these extremes would drive gold and silver up, and equity and bond markets down.    If there is a severe shortage, as suggested by many, along with mass printing of currencies globally, then the stage is set for both gold and silver.

The Calm

In 10 years, we have added 10 trillion dollars to the national debt.    The top 25 U.S. banks have more than 212 trillion dollars of exposure to derivatives combined.    In addition, there are already lots of signs, if one looks, that the next economic downturn is rapidly approaching.    What we are witnessing, right now, is the calm before the storm.

The Turn Against Obamacare

Labor Unions, who enthusiastically supported their Marxist comrade Obama, are having second thoughts.    They are fearful, and angered, that their benefits will be destroyed under Obamacare.   Well, that is what one gets when one supports someone you know nothing about.   Anyway, on top of that, House Republicans are asking top ensurers if Kathleen Sebelius tried to intimidate and shake them down for donations to an IRS sanctioned non-profit Obamacare organization.      Nothing says success like fear, anger and intimidation…   Right Kathleen and Obama?

Defending the Indefensible

Obama’s forked tongue rhetoric cannot disguise the fact that he, and his comrades, have governed lawlessly both home and abroad.    Drone killings with proposed “KILL COURTS”, secrecy, multitude of lies, drugged up with cocaine, and culture of intimidation pretty much reflects Obama’s treacherous style.    In short, Obama’s heading America for ruin and his doublespeak duplicity reflects it.

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

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