Swiss Prepare Army for Euro Zone Fallout
The Swiss government see what is happening all around them and they are taking unusual precautions. The Swiss army is launching military exercises, with 2000 troops, to respond to the repercussions of the real possibility of instability in Europe. The Swiss defense ministry doesn’t not rule out having to deploy troops in the coming years. You can bet, they will be armed with more than a Swiss knife.
Payroll Tax Will Be Higher in 2013
If you are fortunate to still have a job in 2013, you will see the Social Security tax withholding rate increase. It will go from 4.2% to 6.2% to support a program that, in fact, slipping and sliding into insolvency. For someone, who makes $50,000 a year, this will about an additional $1000 extra they will be paying into the ponzi scheme.
World’s Richest Man Doubles Down on Gold
Carlos Slim, valued at about $69 billion, just put $750 million into several gold mining projects. The move marks a capital-intensive shift, by the world’s richest man, into the world’s best currency and inflation hedge. With increased gold buying from central banks, the new classification of gold as a top-tier asset next to cash and treasury bonds for banks and unlimited quantitative easing, gold is going to go up. Remember, one can print currency as much as they like; however, they cannot print physical gold and silver. So, after preparing, keep stacking physical.
Suing the Bastards Err… Bankers
US Homeowners are suing 12 major banks, claiming that Libor manipulation raised the their mortgage bills. And when it rains, it pours… The ACLU is also suing Morgan Stanley, charging that these bastards discriminated against African-American homeowners and violated federal civil rights laws by providing funding for risky mortgages. Needless to say, with the massive corruption in the political and judicial system, these suits, and others like it, will yield little results.
Global Warming Stopped 16 Years Ago
Even though there are massive environmental changes, it appears that Al Gore’s Inconvenient lie about global warming has been fully exposed, as new data, compiled from more than 3,000 measuring points on land and sea, show that the world had stopped getting warmer 16 years ago. In fact, since 1880, the world has warmed by a whopping 0.75 degrees Celsius.
Pension Fund Canyon
The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities; otherwise known as a gap that you could drive your truck through. The pension systems reported a median funding level of a pathetic 75.1% for now, and with the aging population, this number is going down. So, where will these public pensions get the the money to pay the huge gap? Well, they will partner with their good buddies in Congress and seize your private retirement accounts of course. Remember, you were warned.
Obama Lies Again
Obama claims that we got back every dime that the government used to rescue the financial system while the impartial Congressional Budget Office claims that $24 billion was lost. While Obama may have gotten back every dime, wouldn’t it be nice if he got back every dollar?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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