At about 0:13 into the video, you can here him say, "Things were being done which were certainly illegal and clearly criminal in certain cases..."
Alan Greenspan, the former Federal Reserve Chairman tells us there was criminal activity happening, so tell me why there are no bankers wearing the shiney nickel plated handcuffs.
Now go back and watch Ben Bernake, the current Federal Reserve Chairman, when Mr. Greenspan mentioned the "illegal and criminal" words.
Thursday, November 11, 2010
Thursday, November 4, 2010
Quantitative Easing is Economic Suicide
This is a must read article. I will highlight some key parts of it for those that don't want to read the whole article (it's not that long, so just read it).
Quantitative Easing is Economic Suicide.
"Quantitative easing is nothing more than a euphemism for printing money out of thin air. Its one-and-only purpose is to destroy the currency being printed. It is pure dilution and absolutely no different than a corporation vowing to improve its fiscal performance simply by printing a lot of new shares."
"Visit Shadowstats.com, operated by respected U.S. economist John Williams, and you will hear that U.S. inflation has been in the range of 8.5% - 9.5% all this year. Williams performs his calculations using the exact same methodology used by the U.S. government a generation ago, before the U.S. government intentionally incorporated various statistical lies into this measurement."
"Understand the enormous "rewards" which a government receives for lying, by grossly under-stating the rate of inflation. Payouts on $100's of billions of U.S. government benefits per year are indexed to the rate of "official" inflation. By grossly understating inflation (and cheating all of the recipients of those benefits), the U.S. government can get an instant, multibillion dollar windfall from that one lie, alone (every year)."
"Here are the facts. Previously, the U.S. government was able to find (real) buyers for its Treasuries, due to the need of other governments to recirculate/reinvest the money from their trade surpluses and fiscal surpluses. Thanks to the Wall Street-engineered "Crash of '08," the vast majority of those surpluses have disappeared.
At the same time, the U.S. government is cranking out much more "supply" than at any other time in the history of the United States. Thus, we are told by the U.S. government (and the Federal Reserve) that there are more "buyers" for U.S. Treasuries than at any time in history -- despite the fact those buyers have no money. But that is literally less than half of this farce.
Not only are we being told that buyers-with-no-money are purchasing more Treasuries than at any other time in history, we're also told that these buyers are joyfully paying the highest prices in history (by a large margin) for these debt instruments. However this still doesn't capture the absurdity of this scenario.
Buyers-with-no-money are (supposedly) buying far more Treasuries than at any time in history, at the highest prices (by far) -- while publicly, all of these "buyers" are expressing severe doubts about the creditworthiness of the U.S. (i.e. its ability to ever make good on this $trillions in new bond debt). Would any sane individual buy the greatest quantity of anything (at the highest prices in history), while publicly expressing severe doubts about the value/quality of that good?
Don't answer that question yet. Since "quantitative easing" must (and does) destroy the value of a currency, for every 1% the dollar loses in value, all of those $trillions in U.S. Treasuries (which are denominated in U.S. dollars) lose the same amount of their own value.
Thus, with U.S. bond-prices at their highest level in history (and at their maximum, theoretical price), it is 100% inevitable that those prices can only fall. This means that buyers-with-no-money are supposedly buying the most "supply" of Treasuries in history, at the highest prices in history - while being 100% certain of losing money on those Treasuries due to their inevitable fall in price and the loss of value of the U.S. dollar. Clearly, there are few buyers for U.S. Treasuries. Instead, "The Three Amigos" of debt (the U.S., UK and Japan) are playing the bond-market equivalent of musical chairs. The UK "buys" U.S. Treasuries, Japan buys UK debt, and the U.S. government buys Japanese bonds -- and all with the "quantitative easing" funny-money they are printing out of thin air. Then all three governments pretend their bond-auctions are "covered."
This brings us to the final element of this charade: U.S. bond market "auctions." At the same time that the U.S. government reported the "economic miracle" of buyers-with-no-money buying more of something they don't want (at the highest prices), just so they can lose money, the U.S. government removed all "transparency" from these bond-auctions. Even bond traders with decades of experience report that they have no idea of who is actually buying these bonds. This is like an amateur magician who is so clumsy in performing his magic that he needs to turn out the lights while executing his tricks so that the audience doesn't immediately spot the ineptitude of his fraud."
"Why has the Federal Reserve been so adamant about fraudulently concealing its actions in the U.S. bond-market, and the quantitative easing that makes that fraud possible? First, in printing up money, but not acknowledging it, the Federal Reserve is literally counterfeiting trillions of dollars of U.S. currency."
"With the obvious fact that the U.S. government never stopped its quantitative easing, this brings us to the current scenario. The entire reason why the Fed is "announcing" something which it is already doing is because even doctored U.S. government statistics can't hide the fact that the U.S. economy is once again collapsing.
Obviously, quantitative easing is not, does not, and cannot "fix" any of the U.S. economy's problems, which (ironically) have all been caused by too much new debt, and new money-printing. So why is the Fed "coming out of the closet" (even just temporarily)? Simply, with the intensifying weakness of the U.S. economy, the Federal Reserve (and the U.S. government) feel an intense need to be seen to be "doing something" (even something it was already doing) -- and neither the U.S. government nor the Fed have any other ideas."
People, it is time to get out of the dollar and into tangibles. If you have not thought about gold or silver, it is past time. Even though gold and silver have increased, I don't think we are anywhere near the top, so you still have time. (I am not a financial advisor, so do your own research and invest as you feel comfortable).
Get prepared, more inflation is on it's way (maybe even hyperinflation).
Quantitative Easing is Economic Suicide.
"Quantitative easing is nothing more than a euphemism for printing money out of thin air. Its one-and-only purpose is to destroy the currency being printed. It is pure dilution and absolutely no different than a corporation vowing to improve its fiscal performance simply by printing a lot of new shares."
"Visit Shadowstats.com, operated by respected U.S. economist John Williams, and you will hear that U.S. inflation has been in the range of 8.5% - 9.5% all this year. Williams performs his calculations using the exact same methodology used by the U.S. government a generation ago, before the U.S. government intentionally incorporated various statistical lies into this measurement."
"Understand the enormous "rewards" which a government receives for lying, by grossly under-stating the rate of inflation. Payouts on $100's of billions of U.S. government benefits per year are indexed to the rate of "official" inflation. By grossly understating inflation (and cheating all of the recipients of those benefits), the U.S. government can get an instant, multibillion dollar windfall from that one lie, alone (every year)."
"Here are the facts. Previously, the U.S. government was able to find (real) buyers for its Treasuries, due to the need of other governments to recirculate/reinvest the money from their trade surpluses and fiscal surpluses. Thanks to the Wall Street-engineered "Crash of '08," the vast majority of those surpluses have disappeared.
At the same time, the U.S. government is cranking out much more "supply" than at any other time in the history of the United States. Thus, we are told by the U.S. government (and the Federal Reserve) that there are more "buyers" for U.S. Treasuries than at any time in history -- despite the fact those buyers have no money. But that is literally less than half of this farce.
Not only are we being told that buyers-with-no-money are purchasing more Treasuries than at any other time in history, we're also told that these buyers are joyfully paying the highest prices in history (by a large margin) for these debt instruments. However this still doesn't capture the absurdity of this scenario.
Buyers-with-no-money are (supposedly) buying far more Treasuries than at any time in history, at the highest prices (by far) -- while publicly, all of these "buyers" are expressing severe doubts about the creditworthiness of the U.S. (i.e. its ability to ever make good on this $trillions in new bond debt). Would any sane individual buy the greatest quantity of anything (at the highest prices in history), while publicly expressing severe doubts about the value/quality of that good?
Don't answer that question yet. Since "quantitative easing" must (and does) destroy the value of a currency, for every 1% the dollar loses in value, all of those $trillions in U.S. Treasuries (which are denominated in U.S. dollars) lose the same amount of their own value.
Thus, with U.S. bond-prices at their highest level in history (and at their maximum, theoretical price), it is 100% inevitable that those prices can only fall. This means that buyers-with-no-money are supposedly buying the most "supply" of Treasuries in history, at the highest prices in history - while being 100% certain of losing money on those Treasuries due to their inevitable fall in price and the loss of value of the U.S. dollar. Clearly, there are few buyers for U.S. Treasuries. Instead, "The Three Amigos" of debt (the U.S., UK and Japan) are playing the bond-market equivalent of musical chairs. The UK "buys" U.S. Treasuries, Japan buys UK debt, and the U.S. government buys Japanese bonds -- and all with the "quantitative easing" funny-money they are printing out of thin air. Then all three governments pretend their bond-auctions are "covered."
This brings us to the final element of this charade: U.S. bond market "auctions." At the same time that the U.S. government reported the "economic miracle" of buyers-with-no-money buying more of something they don't want (at the highest prices), just so they can lose money, the U.S. government removed all "transparency" from these bond-auctions. Even bond traders with decades of experience report that they have no idea of who is actually buying these bonds. This is like an amateur magician who is so clumsy in performing his magic that he needs to turn out the lights while executing his tricks so that the audience doesn't immediately spot the ineptitude of his fraud."
"Why has the Federal Reserve been so adamant about fraudulently concealing its actions in the U.S. bond-market, and the quantitative easing that makes that fraud possible? First, in printing up money, but not acknowledging it, the Federal Reserve is literally counterfeiting trillions of dollars of U.S. currency."
"With the obvious fact that the U.S. government never stopped its quantitative easing, this brings us to the current scenario. The entire reason why the Fed is "announcing" something which it is already doing is because even doctored U.S. government statistics can't hide the fact that the U.S. economy is once again collapsing.
Obviously, quantitative easing is not, does not, and cannot "fix" any of the U.S. economy's problems, which (ironically) have all been caused by too much new debt, and new money-printing. So why is the Fed "coming out of the closet" (even just temporarily)? Simply, with the intensifying weakness of the U.S. economy, the Federal Reserve (and the U.S. government) feel an intense need to be seen to be "doing something" (even something it was already doing) -- and neither the U.S. government nor the Fed have any other ideas."
People, it is time to get out of the dollar and into tangibles. If you have not thought about gold or silver, it is past time. Even though gold and silver have increased, I don't think we are anywhere near the top, so you still have time. (I am not a financial advisor, so do your own research and invest as you feel comfortable).
Get prepared, more inflation is on it's way (maybe even hyperinflation).
Tuesday, October 19, 2010
America In Decline...
Is our country in a decline? Well we have a government that continues to add debt, our trade deficits are horrible and the great USA does not manufacture. The Tout TV says all is well, just look at the stock market. I would refer you to the stock market of Zimbabwe. Their stock exchange is up, but so is their inflation rate , which back at the end of 2008 the Annual Inflation Rate was 516 Quintillion Per Cent. How many zero's is that? My point is we cannot look at the our stock market as an indicator of how the economy is doing.
Here are some shocking statistics.
For American manufacturers, the bad years didn't begin with the banking crisis of 2008. Indeed, the U.S. manufacturing sector never emerged from the 2001 recession, which coincided with China's entry into the World Trade Organization. Since 2001, the country has lost 42,400 factories, including 36 percent of factories that employ more than 1,000 workers (which declined from 1,479 to 947), and 38 percent of factories that employ between 500 and 999 employees (from 3,198 to 1,972). An additional 90,000 manufacturing companies are now at risk of going out of business....Manufacturing employment dropped to 11.7 million in October 2009, a loss of 5.5 million or 32 percent of all manufacturing jobs since October 2000. The last time fewer than 12 million people worked in the manufacturing sector was in 1941. (I would remind you what happened in 1941...Pearl Harbor and the America's entry into WWII.)
If you are wondering what kind of manufacturing plants have closed let me ask you who is manufacturing televisions or cameras here in the U.S.? Where is Kodak, Magnavox, etc.?
When Jimmy Carter was urging energy conservation in 1980, the United States imported 37 percent of oil consumed, now we are at 58%. A 64% increase in 30 years.
The U.S. Commerce Department recently announced that the U.S. trade deficit increased by 18.8% in June to $49.9 billion. Most analysts had expected the figure to be somewhere around 41 to 43 billion dollars. In the month of June, imports rose to approximately $200 billion while exports fell to about $150 billion. (How do we survive as a nation if we continue to lose $1 Trillion to other nations every 20 months? This is money that we never see again.)
Total US government spending is 36.2% of GDP.
America's current problem with immigration is a direct byproduct of NAFTA. The amount of immigrants entering the U.S. illegally has more than tripled since 1993, rising from less than four million to over 12 million. Furthermore, since the implementation of NAFTA 300,000 farms have gone out of business and average wages have dropped 13 percent.....Before NAFTA was signed the United States actually traded at a surplus with Mexico. By 2007, a year before the financial collapse, that balance had more than reversed, it had completely imploded. A mere 14 years after signing NAFTA, a small surplus turned into a $91 billion deficit. Factor in Canada and our deficit sat at $191 billion.
If you bought a $20 item in 1913, that same item would cost you $61.82 in 1963 and would be $441 today! (Inflation is a hidden tax.)
Folks, we need to see the writing on the wall. If we keep denying the facts that America is in a decline we will continue to procede to a Second and maybe over time a Third world country. Pass this along to your friends and family as this news needs to get out.
Keep your eyes open...
Here are some shocking statistics.
For American manufacturers, the bad years didn't begin with the banking crisis of 2008. Indeed, the U.S. manufacturing sector never emerged from the 2001 recession, which coincided with China's entry into the World Trade Organization. Since 2001, the country has lost 42,400 factories, including 36 percent of factories that employ more than 1,000 workers (which declined from 1,479 to 947), and 38 percent of factories that employ between 500 and 999 employees (from 3,198 to 1,972). An additional 90,000 manufacturing companies are now at risk of going out of business....Manufacturing employment dropped to 11.7 million in October 2009, a loss of 5.5 million or 32 percent of all manufacturing jobs since October 2000. The last time fewer than 12 million people worked in the manufacturing sector was in 1941. (I would remind you what happened in 1941...Pearl Harbor and the America's entry into WWII.)
If you are wondering what kind of manufacturing plants have closed let me ask you who is manufacturing televisions or cameras here in the U.S.? Where is Kodak, Magnavox, etc.?
When Jimmy Carter was urging energy conservation in 1980, the United States imported 37 percent of oil consumed, now we are at 58%. A 64% increase in 30 years.
The U.S. Commerce Department recently announced that the U.S. trade deficit increased by 18.8% in June to $49.9 billion. Most analysts had expected the figure to be somewhere around 41 to 43 billion dollars. In the month of June, imports rose to approximately $200 billion while exports fell to about $150 billion. (How do we survive as a nation if we continue to lose $1 Trillion to other nations every 20 months? This is money that we never see again.)
Total US government spending is 36.2% of GDP.
America's current problem with immigration is a direct byproduct of NAFTA. The amount of immigrants entering the U.S. illegally has more than tripled since 1993, rising from less than four million to over 12 million. Furthermore, since the implementation of NAFTA 300,000 farms have gone out of business and average wages have dropped 13 percent.....Before NAFTA was signed the United States actually traded at a surplus with Mexico. By 2007, a year before the financial collapse, that balance had more than reversed, it had completely imploded. A mere 14 years after signing NAFTA, a small surplus turned into a $91 billion deficit. Factor in Canada and our deficit sat at $191 billion.
U.S debt to rise to $19.6 trillion by 2015.
The government is effectively bankrupt. Using GAAP accounting principles, the annual deficit is running in the range of $4 trillion to $5 trillion. That's beyond containment. The government can't cover it with taxes. They'd still be in deficit if they took 100% of personal income and corporate profits. They'd also still be in deficit if they cut every penny of government spending except for Social Security and Medicare. Washington lacks the will to slash its social programs severely, to change its approach to ever bigger government. The only option left going forward is for the government eventually to print the money for the obligations it cannot otherwise cover, which sets up a hyperinflation.If you bought a $20 item in 1913, that same item would cost you $61.82 in 1963 and would be $441 today! (Inflation is a hidden tax.)
Folks, we need to see the writing on the wall. If we keep denying the facts that America is in a decline we will continue to procede to a Second and maybe over time a Third world country. Pass this along to your friends and family as this news needs to get out.
Keep your eyes open...
Sunday, October 17, 2010
U.S. Loses AAA Rating
Debt market strips U.S. of triple-A rating.
That puts the United States' third-quarter performance behind only two other nations, both of which are struggling with the early stages of sovereign debt crises: Ireland, whose CDS prices rocketed 72% to a record amid growing questions about the costs of a massive bank bailout, and Portugal, whose costs jumped 30%.
I'm not a financial planner or an economist, but this doesn't sound good to me. Not just the AAA rating being taken away, but look what company we are in...Ireland and Portugal who are near default.
That puts the United States' third-quarter performance behind only two other nations, both of which are struggling with the early stages of sovereign debt crises: Ireland, whose CDS prices rocketed 72% to a record amid growing questions about the costs of a massive bank bailout, and Portugal, whose costs jumped 30%.
I'm not a financial planner or an economist, but this doesn't sound good to me. Not just the AAA rating being taken away, but look what company we are in...Ireland and Portugal who are near default.
October....Halloween May Be Coming Soon
The Real Horror Story: The U.S. Economic Meltdown
Let me point out a few of the key points this author is making. Reading the entire article is prudent.
The mainstream media has been treating "Foreclosuregate" as if it is a minor nuisance, but the truth is that the lid is about to be publicly lifted on years and years of massive fraud in the U.S. mortgage industry, and this thing has the potential to cause economic chaos that is absolutely unprecedented. Over the past several days, expert after expert has been coming forward and warning that this crisis could completely and totally paralyze the mortgage industry in the United States. If that happens, it will be essentially like pulling the plug on the U.S. economic recovery.
According to the U.S. Census Bureau, the U.S. trade deficit was $46.3 billion during August, which was up significantly from $42.6 billion in July.
So how much coverage did this get in the mainstream media?
Well, just about none.
How long do you think that the U.S. economy can keep shelling out 40 or 50 billion more dollars than we take in every single month?
According to the Department of Labor, for the week ending October 9th the advance figure for seasonally adjusted initial jobless claims was 462,000, which represented an increase of 13,000 from the previous week.
We have an unemployment epidemic going on in this country, but what did the mainstream media do in response to this news?
They yawned. Instead, many of the "financial experts" were busy talking about how wonderful it is that the Stock Market is going up, up, up.
Well, as one reader recently reminded me, if you want to evaluate an economy by how much the stock market is going up, then the economy of Zimbabwe has had an absolutely wonderful decade!
Yet another piece of really bad economic news that just came out is that the number of home repossessions by banks set a new all-time record during the month of September. The record total of 102,134 bank repossessions was the first time ever that bank repossessions climbed over the 100,000 mark for a single month.
The good news is that bank repossessions are about to come to a screeching halt.
The bad news is that it is because the U.S. mortgage industry is about to become completely and totally paralyzed by this foreclosure fraud crisis.
The legal rights to millions of U.S. mortgages has been scrambled so badly that it might actually be impossible to fully sort this mess out. In particular, MERS (Mortgage Electronic Registration Systems) has created a paperwork nightmare that may never be able to be completely remediated.
Meanwhile, virtually nobody will want to buy any house that has been foreclosed on in the past ten years or so until this mess is sorted out (which could take years and years).
Meanwhile, title insurance companies are going to avoid foreclosures like the plague.
Meanwhile, all of the investors that have been propping up the housing market by buying foreclosures are going to be fleeing the market in droves.
Meanwhile, the financial world is going to be trying to figure out which U.S. lending institutions are still solvent. The value of most mortgage-based assets is now totally up in the air.
Meanwhile, millions more homeowners across the United States will be emboldened to quit making payments on their mortgages as they realize that those holding their mortgages may not have the legal right to foreclose on them.
And that is where the true horror of this entire situation may lie. What is going to happen if millions upon millions of Americans holding underwater mortgages look at this situation and decide that they really don't have to be afraid of the threat of foreclosure any longer?
If a massive wave of homeowners suddenly decides to simply quit paying their mortgages, it would basically wipe out nearly the entire mortgage industry.
Keep your eyes open....
Let me point out a few of the key points this author is making. Reading the entire article is prudent.
The mainstream media has been treating "Foreclosuregate" as if it is a minor nuisance, but the truth is that the lid is about to be publicly lifted on years and years of massive fraud in the U.S. mortgage industry, and this thing has the potential to cause economic chaos that is absolutely unprecedented. Over the past several days, expert after expert has been coming forward and warning that this crisis could completely and totally paralyze the mortgage industry in the United States. If that happens, it will be essentially like pulling the plug on the U.S. economic recovery.
According to the U.S. Census Bureau, the U.S. trade deficit was $46.3 billion during August, which was up significantly from $42.6 billion in July.
So how much coverage did this get in the mainstream media?
Well, just about none.
How long do you think that the U.S. economy can keep shelling out 40 or 50 billion more dollars than we take in every single month?
According to the Department of Labor, for the week ending October 9th the advance figure for seasonally adjusted initial jobless claims was 462,000, which represented an increase of 13,000 from the previous week.
We have an unemployment epidemic going on in this country, but what did the mainstream media do in response to this news?
They yawned. Instead, many of the "financial experts" were busy talking about how wonderful it is that the Stock Market is going up, up, up.
Well, as one reader recently reminded me, if you want to evaluate an economy by how much the stock market is going up, then the economy of Zimbabwe has had an absolutely wonderful decade!
Yet another piece of really bad economic news that just came out is that the number of home repossessions by banks set a new all-time record during the month of September. The record total of 102,134 bank repossessions was the first time ever that bank repossessions climbed over the 100,000 mark for a single month.
The good news is that bank repossessions are about to come to a screeching halt.
The bad news is that it is because the U.S. mortgage industry is about to become completely and totally paralyzed by this foreclosure fraud crisis.
The legal rights to millions of U.S. mortgages has been scrambled so badly that it might actually be impossible to fully sort this mess out. In particular, MERS (Mortgage Electronic Registration Systems) has created a paperwork nightmare that may never be able to be completely remediated.
Meanwhile, virtually nobody will want to buy any house that has been foreclosed on in the past ten years or so until this mess is sorted out (which could take years and years).
Meanwhile, title insurance companies are going to avoid foreclosures like the plague.
Meanwhile, all of the investors that have been propping up the housing market by buying foreclosures are going to be fleeing the market in droves.
Meanwhile, the financial world is going to be trying to figure out which U.S. lending institutions are still solvent. The value of most mortgage-based assets is now totally up in the air.
Meanwhile, millions more homeowners across the United States will be emboldened to quit making payments on their mortgages as they realize that those holding their mortgages may not have the legal right to foreclose on them.
And that is where the true horror of this entire situation may lie. What is going to happen if millions upon millions of Americans holding underwater mortgages look at this situation and decide that they really don't have to be afraid of the threat of foreclosure any longer?
If a massive wave of homeowners suddenly decides to simply quit paying their mortgages, it would basically wipe out nearly the entire mortgage industry.
Keep your eyes open....
Sunday, October 3, 2010
More Evidence Time Is Running Out
To try and convice those that may scoff at my last post, I spent the last couple hours trying to find more evidence that we are in, not heading into, but actually in troubled times.
1. September has seen a stock rally especially with the poverty rate a a 15 year high. Could this be just another bubble? Look at the volume as it has been down by about 50%, which would make it easier to be manipulated.
2. Food stamp use hitting a new high each month for the last 18 months
3. Consumer credit down monthly for the last 23 months.
4. Thirty-four states with drop in hosehold income.
5. Now we have Credit Union bailouts.
6. Foreign Central Banks Net Sellers Of US Agency Debt.
7. Now trade wars with China? http://www.reuters.com/article/idUSTRE68L5K120100924
http://www.cnbc.com/id/39342833
Who do you think wins this one since most everything we buy says "Made in China"?
http://www.telegraph.co.uk/finance/markets/2813630/China-threatens-nuclear-option-of-dollar-sales.html
8. Asia central banks buying up gold.
Any more needed?
Keep your eyes WIDE open and get started.
1. September has seen a stock rally especially with the poverty rate a a 15 year high. Could this be just another bubble? Look at the volume as it has been down by about 50%, which would make it easier to be manipulated.
2. Food stamp use hitting a new high each month for the last 18 months
3. Consumer credit down monthly for the last 23 months.
4. Thirty-four states with drop in hosehold income.
5. Now we have Credit Union bailouts.
6. Foreign Central Banks Net Sellers Of US Agency Debt.
7. Now trade wars with China? http://www.reuters.com/article/idUSTRE68L5K120100924
http://www.cnbc.com/id/39342833
Who do you think wins this one since most everything we buy says "Made in China"?
http://www.telegraph.co.uk/finance/markets/2813630/China-threatens-nuclear-option-of-dollar-sales.html
8. Asia central banks buying up gold.
Any more needed?
Keep your eyes WIDE open and get started.
Saturday, October 2, 2010
Time is running out
I have not been writing much lately as I have been spending time helping a friend as a moderator on his Survival and Preparedness Forum. If you have decided to start preparing, but are unaware of how or where to start, then this is a great place as there are many helpful people and moderators there.
In this blog, I am posting some things that I have noticed since my last post. These are what I would consider warning signs. There are many more, but I don't have the time to post them all. If you notice, they are not from "right wing media" or "gloom and doom sites". If you want more, let me know and I'll post some others.
1. The world and America are becoming more volatile. Even the United Nations is warning the global employment crisis will stir social unrest. Look at what is happening in other parts of the world.
2. Quantitative Easing 2 (QE2) is right around the corner and there is possibly a chance that QE2 could equal $1 trillion. This I believe will put a nail in our coffin. We cannot absorb another $1 trillion in debt. They have already started QE2 to a tune of $27 Billion thus far. The Fed is prepping for more easing.
3. U.S. dollar is `One Step Nearer' to crisis as debt level climbs. The dollar index is dipping nearer to the 72 level. Look at what the dollar index has been doing over the last year.
4. If you haven't noticed, Gold has reached a high of $1322 and Silver is over $22. You may want to look at investing some in precious metals. As all investing opportunites, you should monitor your investments closely. When investors, and countries, want to seek a safe haven they buy precious metals. Whan the dollar loses value, gold and silver prices increases.
My advice to everyone is to start prepping
. If you are new to prepping, go visit Survival and Preparedness Forum and start learning. It is not hard and if done right, not expensive. You need to seek out "like minded" individuals as well and start learning together.
I have only posted a few things, but there are many more. We could talk about inflation, deflation, Federal Unfunded Liabilites, Cap and Trade, Failed banks, and Bailouts to name a few.
YOU may not get any more warnings. The warnings are here. It is time YOU pay attention and act.
In this blog, I am posting some things that I have noticed since my last post. These are what I would consider warning signs. There are many more, but I don't have the time to post them all. If you notice, they are not from "right wing media" or "gloom and doom sites". If you want more, let me know and I'll post some others.
1. The world and America are becoming more volatile. Even the United Nations is warning the global employment crisis will stir social unrest. Look at what is happening in other parts of the world.
2. Quantitative Easing 2 (QE2) is right around the corner and there is possibly a chance that QE2 could equal $1 trillion. This I believe will put a nail in our coffin. We cannot absorb another $1 trillion in debt. They have already started QE2 to a tune of $27 Billion thus far. The Fed is prepping for more easing.
3. U.S. dollar is `One Step Nearer' to crisis as debt level climbs. The dollar index is dipping nearer to the 72 level. Look at what the dollar index has been doing over the last year.
4. If you haven't noticed, Gold has reached a high of $1322 and Silver is over $22. You may want to look at investing some in precious metals. As all investing opportunites, you should monitor your investments closely. When investors, and countries, want to seek a safe haven they buy precious metals. Whan the dollar loses value, gold and silver prices increases.
My advice to everyone is to start prepping
. If you are new to prepping, go visit Survival and Preparedness Forum and start learning. It is not hard and if done right, not expensive. You need to seek out "like minded" individuals as well and start learning together. I have only posted a few things, but there are many more. We could talk about inflation, deflation, Federal Unfunded Liabilites, Cap and Trade, Failed banks, and Bailouts to name a few.
YOU may not get any more warnings. The warnings are here. It is time YOU pay attention and act.
Friday, September 10, 2010
Charlie Crist Ad---Best of Both and Worst of Both
You have to watch both ads, kinda funny.
"Best of Both"
"Worst of Both"
"Best of Both"
"Worst of Both"
Gov. Christie Answers Questions
A teacher from New Jersey had her "lunch" handed to her by Gov. Christie. He told her the actual truth, not the "sories" her union leaders have been feeding her. It is about time that people wake up and see what is happening around them.
It get interesting around 1:24, but continue watching past that and see how he explains things in detail to her.
It get interesting around 1:24, but continue watching past that and see how he explains things in detail to her.
Monday, September 6, 2010
Mandatory IRA's For All?
In doing research for my last post, I came upon this. Senate Bill 3760 proposed by Senators Jeff Bingaman (D-NM) and John Kerry (D-MA.). This bill proposes to established mandatory automatic IRAs for full-time workers who are not covered by company retirement programs. This will require employers to take 3% from your compensation and put into a government run "retirement" program.
There is alot of wherefor's and whatnot's in the legalize writing but this one caught my eye...
‘(B) AUTHORITY OF SECRETARY TO PROVIDE FOR PERIODIC INCREASES- In the case of qualifying employees under an automatic IRA arrangement for 2 or more consecutive years, the Secretary may by regulation provide for periodic (not more frequent than annual) increases in the percentage of compensation an employee is deemed to have elected under subparagraph (A).
So let me work something out. If a lower income employee is making $8.00 and hour and works 40 hours per week and works 51 weeks per year he will earn $16,320 in a year before FDIC and SS. The government will then require him to pay 3% or $489.60 (let's round up to $500) towards his "retirement". I propose the questions...will it really help him in the future, and will he have it waiting on him or will it be like the bankrupt Social Security?
There is alot of wherefor's and whatnot's in the legalize writing but this one caught my eye...
‘(B) AUTHORITY OF SECRETARY TO PROVIDE FOR PERIODIC INCREASES- In the case of qualifying employees under an automatic IRA arrangement for 2 or more consecutive years, the Secretary may by regulation provide for periodic (not more frequent than annual) increases in the percentage of compensation an employee is deemed to have elected under subparagraph (A).
So let me work something out. If a lower income employee is making $8.00 and hour and works 40 hours per week and works 51 weeks per year he will earn $16,320 in a year before FDIC and SS. The government will then require him to pay 3% or $489.60 (let's round up to $500) towards his "retirement". I propose the questions...will it really help him in the future, and will he have it waiting on him or will it be like the bankrupt Social Security?
Subscribe to:
Posts (Atom)
