Will America Break Up? – President Obama is splintering America. The passage of Obamacare was a historic victory for liberal governance. Yet, its true cost may be that it triggers the eventual breakup of the country.
Home Prices Will Collapse – The latest housing initiative announced today by the Obama Administration draws the U.S. government and, by proxy, all taxpaying Americans, further into the inescapable quagmire of a devastated real estate market.
Credit Crisis, Outrage, Far From Over – The big bad secret is that if banks and other financial companies reported their true financial positions they’d be out of business – insolvent. The Fed and the SEC are certainly well aware of these problems, but the game goes on. The fraud is intentional and conscience. They know there are two sets of books, that MBS on their books are virtually worthless, they just bought $1.1 trillion worth of the toxic waste and they are well aware that the shadow inventory on their books is at best worth $0.30 on the dollar.
New U.S. Law Aims to End Individual Foreign Bank Accounts – As we have suspected for some time, the U.S. government is closing the window for U.S. citizens to protect their assets by moving them offshore. It won’t be long before it will be punitively expensive to move any amount of money overseas for any purpose.
Central Banks Own 18% of All Gold Mined On The Planet – Central banks around the world added 425.4 metric tons of gold to their reserves last year, the biggest increase since 1964, according to the World Gold Council.
That represents a 1.4 percent gain to put their holdings at 30,116.9 tons in total. The increase was the first since 1988.
Central banks in India, Russia and China were among those boosting their gold reserves last year, as the precious metal jumped 24 percent, hitting a record of $1,226 an ounce in December.
Central banks now possess 18 percent of all gold ever mined.
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America is already breaking up. The only reason its hasn’t burst is Nanny Govt hasn’t instituted enough controls on us so we can’t shoot them to pieces. They don’t know where all the cash and gold and silver is. They don’t have all of us hooked on perscription drugs. They haven’t brain washed all the children so they will report their parents for domestic terrorism. Yet. When they get it done, then they won’t care if it bursts. Lock and load,its closer then you think.
As the government increases its control and grasps at the throat of its citizens more will slip from its grasp. When people have had enough of this control the break up and rebellion will be inevitable
On the housing news, Peter Schiff is exactly right in his article and we should have NOT had government intervention and allowed the housing market to collapse on its own.
By adding the government monetary intervention, (it) spread out & deepened the problem ten fold and greatly diminished the ability to recover to improbable levels – at least for the foreseeable future.
Add to it the massive credit card debt in default & the coming commercial real estate implosion and you have the makings of a perfect storm the likes of which, the world has never experienced.
And finally complete the recipe with the human factor. Individual consumers make up the all mortgage, credit card crunch and solely affect the commercial real estate industry. When the writing is clearly on the wall they will ALWAYS – 100% of the time, move towards self preservation, i.e. panic.
The problems that we are faced right now, is exacerbated by this Internet information transmission vehicle. It has flattened the world and allowed everyone (with a computer or hand held device) to see, at LIGHT SPEED 24/7/365 how things are unfolding. Just twenty five years ago we depended upon the TV news, newspapers & magazines – all agenda ridden & could be centrally controlled when necessary. The Internet has all but eliminated that with nearly zero censoring – at least for now.
Microcosmic example –
Yesterday I was in my local US Bank making a deposit. One of the tellers I have become friendly with and I had a couple of discussions about robberies with him, wondering if they were on the rise. He told me they had been robbed at gun point 2 weeks before and what was interesting was when the silent alarm went off it took the police t-w-e-n-t-y minutes to arrive! He went on to tell me about a dozen other robberies within a 25 mile radius of this branch – NONE of which was in the news – I carefully track the regional news for trends.
Point being is that if these had all been broadcast like normal news reporting of yore, the local population would be extremely alarmed. Now extrapolate this same scenario to include all of the other metropolitan areas (I do not live in the only area experiencing bank robberies) via the Internet and each individual sensation is that the world is out of control therefore “better get mine before it’s all gone” begins and of course (that) is the worst time to prepare.
Be concerned but not be alarmed because it is the way things are today. The only thing you can control and prepare for is your individual survival, which is why mantra is “quietly & diligently preparing everyday”.
It is extremely rare that I panic because of years of training, situational experiences and my general make-up. I can tell you the number one preventer of panic in my book – bar none, is planning & preparation.
Like Nike says “Just Do It”
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