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Tag Archive: Global Economy

May 03

Obama Signs Bill Declaring May 1 To Be Known As ‘Loyalty Day’

 

NAZI May 1 To Be Known As ‘Loyalty Day Obama Signs Bill Declaring May 1 To Be Known As ‘Loyalty Day’Source:  nowtheendbegins.com

Loyalty to who?

With each passing day in Obama’s White House, things get scarier and creepier. Here at NTEB, we have taken great care over the last 3 and a half years to show you the parallels between Barack Hussein Obama and Adolf Hitler. They are quite eye-opening to say the least. And now here is another one. Loyalty Day. This is what President Obama signed into law the other day:

NOW, THEREFORE, I, BARACK OBAMA, President of the United States of America, do hereby proclaim May 1, 2013, as Loyalty Day. This Loyalty Day, I call upon all the people of the United States to join in support of this national observance, whether by displaying the flag of the United States or pledging allegiance to the Republic for which it stands.

IN WITNESS WHEREOF, I have hereunto set my hand this thirtieth day of April, in the year of our Lord two thousand thirteen, and of the Independence of the United States of America the two hundred and thirty-seventh.”  read full transcript from White House.gov

obama forward campaign slogan is communist Obama Signs Bill Declaring May 1 To Be Known As ‘Loyalty Day’

Loyalty Day. That sounds like something that Stalin would roll out in Communist Russia. Adolf Hitler also celebrated “May Day” as a workers day, and even issued fancy golden coins to mark the day.

Even Obama’s 2012 campaign slogan of “Forward” is steeped deeply in Communist and Socialist idealsfrom the dictators of yesteryear. One thing you need to remember is that all dictators enslave the people under the false banner of loyalty to their government. Governments who do that, as history has shown, are amazingly disloyal to their own people.

Perhaps someone needs to remind MaoBama that America already has a day set aside for Americans to celebrate their loyalty to America – it’s called the 4th of July. The day we celebrate our national victory over tyrants and oppressive government. Hmmm, no wonder he doesn’t like that day.

Celebrate Obama’s “Loyalty Day”? No thanks. Think I will go reread the Declaration of Independence instead…

http://www.buildasign.com/

Feb 09

FBI says paying for coffee with cash a potential terrorist activity, urges coffee shop owners to report cash-paying customers

Purchasing a cup of coffee using cash instead of a credit or debit card, using Google Maps to view photos of sporting event stadiums and large cities, and installing software to protect your internet privacy on your mobile phone — these and many other mundane activities are now considered to be potential terrorist activities by the Federal Bureau of Investigation (FBI). And the agency is now distributing a new series of flyers as part of its new “Communities Against Terrorism” (CAT) program that urges shop owners and others to report such “suspicious” activity to authorities.

“The Communities Against Terrorism program is funded by the Bureau of Justice Assistance through the SLATT Program to provide law enforcement agencies with a tool to engage members of the local community in the fight against terrorism,” writes SLATT.org, the program of the U.S. Department of Justice’s Bureau of Justice Assistance that is promoting the program, on its website. “To assist law enforcement in the outreach effort, templates of flyers containing potential indicators have been created for distribution to specific industries” (https://www.slatt.org/CAT).

The SLATT program offers both on-site and online training (indoctrination) for coffee shop owners, financial institution employees, tattoo shop artists, and many others into how to spot potential terrorist activities. Included among the many propaganda flyers the FBI is distributing as part of the campaign are ones for how to spot terrorists at local hobby shops and beauty supply stores, for instance, as well as flyers for owners of farm supply and home improvement stores (http://publicintelligence.net).

This little gem warns internet cafe owners to watch out for and report customers that always pay for their coffee with cash, as they could be terrorists (http://info.publicintelligence.net). Another ridiculous flyer intended for owners of boat shops warns them to be on the lookout for people interested in becoming certified scuba divers, as they could be terrorists (http://info.publicintelligence.net).

Be sure to check out the entire set of flyers here:
http://publicintelligence.net

A few years ago, this type of outlandish fear-mongering and Stasi-style spying on citizens would have been considered a crazy conspiracy theory by many. But today, the U.S. Department of Homeland Security (DHS) with its “See Something, Say Something” campaign, the U.S. Transportation Security Administration’s (TSA) “First Observer” citizen spying program, and the TSA’s Visible Intermodal Prevention and Response” (VIPR) internal checkpoint force, together with the new FBI spying program, are making this police state nightmare in America a tangible reality (http://www.naturalnews.com/034867_TSA_Super_Bowl_surveillance.html).

Sources for this article include:

http://www.infowars.com

http://www.slate.com

https://www.slatt.org/CAT

Jan 26

Gold Climbing Back to $2,000 on News that Federal Reserve Vows to Keep Rates Low & Home Sales Fall

Oil rose to near $100 a barrel Thursday in Asia after the U.S. Federal Reserve said it would keep interest rates at record lows at least until 2014 to help jump-start the world’s biggest economy.

As we suspected yesterday, crude oil prices edged higher after an overtly dovish FOMC announcement sank the US Dollar. The move higher was muted by a pickup in inventories however, where the weekly build more than doubled expectations. Looking ahead, a mixed set of US economic data is ahead, with expectations calling for a slowdown in Durable Goods Orders but improvements on the composite Leading Indicators index and New Home Sales. However, the earnings calendar may prove most market-moving as a hefty dollop of industrials report results, with traders particularly interested in guidance from the likes of Caterpillar Inc as a proxy gauge of the global business cycle (and thereby oil demand prospects).

The U.S. central bank, which has kept its benchmark interest rate near zero for three years, said Wednesday that it doesn’t plan to raise the rate before late 2014.

That caused the dollar to turn lower against major currencies, which makes dollar-priced oil less expensive for holders of other currencies.

“That would mean the U.S. dollar would continue to be cheap versus other currencies, and there is typically an inverse correlation between the value of the dollar and commodity pricing,” said Victor Shum, an energy analyst at consultancy Purvin & Gertz in Singapore.

The median sales price for a new home fell 2.5 percent to $210,300 last month, the biggest drop in four months. Compared to December last year, the median price was down 12.8 percent.

There were a record low 157,000 new homes on the market last month and at December’s sales pace, it would take 6.1 months to clear them, up from 6.0 months in November.

Spot Gold (NY Close): $1710.57 // +44.90 // +2.70% 

Not surprisingly, gold soared after the Federal Reserve extended its pledge to keep interest rates at “exceptionally low” levels to the end of 2014 from the previously promised mid-2013. With the central bank determined to keep borrowing costs near-zero for the foreseeable future and recent US economic data pointing to a pickup in activity, inflation expectations are understandably climbing and boosting demand for the yellow metal as a store-of-value hedge. Indeed, the 2-year breakeven rate – a measure of inflation expectations derived from bond yields – soared to the highest in nearly 7 months after the FOMC outcome crossed the wires.

Spot Silver (NY Close): $33.16 // +1.12 // +3.49%

As with gold, silver prices soared higher after the dovish FOMC outcome stoked future inflation bets, with more of the same seemingly likely ahead. Likewise in line with its more expensive counterpart, the spotlight now turns to US economic data to see if positive momentum resumes or falters, with the latter scenario likely to defuse what will otherwise almost certainly amount to another major advance for precious metals. Prices are testing resistance in the 38.78-33.30 region, with break higher exposing 35.30. Near-term support lines up at 31.04.

Aug 25

India is World’s Biggest Consumers of Gold Say Imports of Gold May Reach Record 1,000 Tons

Gold imports by India, the world’s biggest consumer, may reach a record this year as investors seek a haven against inflation and volatility in stock markets, a traders’ group said.

Imports may be between 950 metric tons and 1,000 tons this year, Prithviraj Kothari, president of the Bombay Bullion Association, told reporters at a gold conference in Kovalam in south India. Consumption in India rose to a record 963.1 tons last year, driving bullion imports to the highest ever at 958 tons, according to the World Gold Council.

Rising Indian imports may help extend a 30 percent rally in gold prices to a record that’s made the precious metal the second-best performer on the Thomson Reuters/Jefferies CRB Index of 19 raw materials this year. Bullion is heading for its 11th annual gain as Europe’s sovereign-debt crisis and concern that the U.S. economy may be slowing spur demand for a haven.

“The equity market is volatile and property prices are too high, driving people toward gold as an investment,” Kothari said. “The rains have been good so far, so we can expect good demand for festival season this year.”

Purchases by India, the world’s biggest user, surged 60 percent to 267 tons in the three months ended June 30, from 167 tons a year earlier, the producer-funded council said on Aug. 18. Investment demand jumped 78 percent to 108.5 tons, the second-highest quarter on record, it said.

Central Banks

Gold may top $2,000 an ounce by the end of this year as central banks’ purchases and a stalling economy boosts the appeal of the precious metal as a haven, Kothari said.

“Gold may rise to $2,000 or more by 2011 end if the global economy remains the same,” he said. “Central banks are also buying gold, which is positive.”

Holdings in exchange-traded products touched a record on Aug. 8, and central banks are adding to their reserves for the first time in a generation. George Soros, the billionaire investor, cut his holdings in the SPDR Gold Trust in the second quarter as prices rallied, while billionaire John Paulson maintained the largest stake, according to regulatory filings this week.

Global holdings of gold by governments and official institutions such as the International Monetary Fund stood at 30,684 tons last month, according to the World Gold Council. Central banks added 155 tons valued at about $8.18 billion to reserves in the first five months of the year and will be net buyers next year, according to the council.

The precious metal prices may be headed for a drop to $1,725 an ounce as early as next month, according to Jeffrey Rhodes, chief executive officer at INTL Commodities LLC.

beprepared 600x150 India is World’s Biggest Consumers of Gold Say Imports of Gold May Reach Record 1,000 Tons

Jun 21

IMF says Spain’s economy still facing major risks, While Gold Settles Above $1,546 on Greek Crisis Concerns

The Spanish economy still faces “considerable” risks, the International Monetary Fund has warned.

In an annual report, the IMF said the Spanish government had to continue work to reduce public spending, and increase efforts to liberalise its jobs market.

Since last year Madrid has been carrying out austerity measures to reduce the country’s public deficit.

Unlike other highly indebted eurozone nations such as Greece and Portugal, it has not needed an outside bail-out.

While the IMF did not comment on whether this remained a possibility for Spain, it warned that financial conditions could deteriorate further in the eurozone, which “could put additional pressure on sovereign and bank funding costs for Spain”.

As a result, the fund said there could be “no let up in the reform momentum” to both help boost Spain economy and ease the concerns of the financial markets.

It added that Spain’s 21% unemployment rate – the highest in Europe – was “unacceptably high”.

To help reduce unemployment, the Spanish government is continuing to change the country’s labour laws.  Madrid hopes the changes will make firms more willing to take on new staff, because historically it has been difficult for Spanish companies to make staff
redundant.

As part of Spain’s continuing austerity measures – which have sparked a number of large protests across the country – the government is also reducing the pensions of public sector workers.  Desite the IMF’s warnings, it said Spain was still on track to reduce the country’s public deficit from 9.2% of its annual economic output in 2010, to 6% this year.

Gold rose to settle above $1,546 on Tuesday, driven by a weaker dollar and uncertainty over the outcome of a confidence vote in Greece that may determine whether the country can avert a default on its sovereign debt.

Bullion also got a lift from a return of investor risk appetite, as the grains, commodity and equity markets rose across the board on hopes that the Greek government could avoid defaulting on its sovereign debt.

On the options front, gold volatility has dropped by nearly one-fifth from its peak in mid-May, as prices of the underlying gold futures have largely been rangebound after rallying to a record $1,575.79 on May 2.

“Gold has been split between taking its cue from the changes in sovereign risk, but today the sovereign risk has declined and the euro … has rallied and gold is choosing to track the euro more than it is the reduction in sovereign risk,” said James Steel, chief commodities analyst at HSBC.

Read entire article

Jun 13

BLOOMBERG Report: A ‘Perfect Storm’ May Converge on the Global Economy in 2013

By   Shamim Adam  -Jun 12, 2011 10:55 PM CT

Mon Jun 13 03:55:12 GMT 2011<span id=”__mce” data-mce-type=”bookmark”></span>A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.

There’s a one-in-three chance the factors will combine to stunt growth from 2013, Roubini said in a June 11 interview in Singapore. Other possible outcomes are “anemic but OK” global growth or an “optimistic” scenario in which the expansion improves.

beprepared 600x1502 BLOOMBERG Report: A ‘Perfect Storm’ May Converge on the Global Economy in 2013

“There are already elements of fragility,” he said.“Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier, and bigger on debt, and all these problems may come to a head by 2013 at the latest.”

Elevated U.S. unemployment, a surge in oil and food prices, rising interest rates in Asia and trade disruption from Japan’s record earthquake threaten to sap the world economy. Stocks worldwide have lost more than $3.3 trillion since the beginning of May, and Roubini said financial markets by the middle of next year could start worrying about a convergence of risks in 2013.

The MSCI AC World Index has tumbled 4.9 percent this month on concern recent data, including an increase in the U.S. unemployment rate to 9.1 percent in May, signal the global economy is losing steam. U.S. Treasuries rose last week, pushing two-year note yields down for a ninth week in the longest stretch of decreases since February 2008, on bets the Federal Reserve will maintain monetary stimulus.

DEMAND PHYSICAL GOLD & SILVER >>>>>

‘Overcapacity’ in China

“China is now relying increasingly not just on net exports but on fixed investment” which has climbed to about 50 percent of GDP, he said. “Down the line, you are going to have two problems: a massive non-performing loan problem in the banking system and a massive amount of overcapacity is going to lead to a hard landing.”

A record $2.7 trillion of loans were extended in China over two years, pushing property prices to all-time highs even as authorities set price ceilings, demanded higher deposits and limited second-home purchases.

The nation’s current challenge is to maintain growth and curb price gains ahead of a leadership change next year, Roubini said. Officials may use administrative steps and price controls, as well as raising rates further and allowing currency appreciation, if inflation becomes a bigger problem, he said.

Read entire article

May 26

The Government Won’t Be Able to Help You In This Coming Crisis!

MSNBC Article – http://www.msnbc.msn.com/id/41062817/ns/business-consumer_news

There is still time for you to prepare! Prepare now for surging food costs and empty grocery store shelves… Join many Americans who are starting to prepare…http://www.morningstarfoods.myefoods.com

 

The Government Won’t Be Able to Help You In This Coming Crisis!

Face it, when a crisis arises, you and your family will be on your own. And if you want to be able to help others, you will need to have a basement full of stored foods. Just imagine the peace of mind you’ll enjoy knowing your family will have enough to eat no matter what happens! Lastly, you will finally say good-bye to being a
super market slave. Every time you go to your basement or pantry and grab a jar of your private food supply, you are truly self-sufficient and finally off the establishment food grid. Look at this..http://www.youtube.com/watch?v=G_7kRV5kD0o&feature=player_embedded#

Chart from the USDA Food and Nutrition Service tells the real story:

food stamp The Government Wont Be Able to Help You In This Coming Crisis! One in seven Americans now depend on food stamps to pay the grocery bill each week, and according to a recent
report, private food distribution and food assistance organizations have seen a 10% rise in their client base. This on top of reports that food banks are actually running low on food (1,2) due to fewer donations caused by a failing economy and rising food prices.

Had someone forecast in 2007 that the rate of food stamp participation would nearly double by 2011 few would have believed it, likely dismissing the thought as lunacy. But the chart above shows that the prediction would not have been too far off. And given that the employment situation remains bleak, while commodity prices around the world
continue to rise, we would not be at all surprised to see the participation rate accelerate and reach 50 million within the next 18 months.

7
Reasons Food Shortages Will Become a Global Crisis

Food inflation is here and it’s here to stay.  We can see it getting worse every time we buy groceries. Basic food commodities like wheat, corn, soybeans, and rice have been skyrocketing since July, 2010 to record highs.  These sustained price increases are only expected to continue as food production shortfalls really begin to take their toll this year and
beyond.

This summer Russia banned exports of wheat to ensure their nation’s supply, which sparked complaints of protectionism.  The U.S. agriculture community
is already talking about rationing corn over ethanol mandates versus supply concerns. We’ve seen nothingyet in terms of food protectionism.

Global food shortages have forced emergency meetings at the U.N. Food and Agriculture Organization where they claim “urgent action” is needed.  They point to extreme weather as the main contributing factor to the growing food shortages.  However, commodityspeculation has also been targeted as one of the culprits.

It seems that the crisis would also present the perfect opportunity and the justification for the large GMO food companies to force their products into skeptical markets like in Europe and Japan,  as recently leaked cables suggest.  One thing is for sure; food shortages will likely continue to get worse and eventually become a full-scale global
food crisis.

Here are seven reasons why food shortages are here to stay on a worldwide scale:
1. Extreme Weather: Extreme weather has been a major problem for global food; from summer droughts and heat waves that devastated Russia’s wheat crop
to the ongoing catastrophes from ‘biblical flooding’ in Australia and Pakistan.  And it doesn’t end there.  An extreme winter cold snap and snow has struck the whole of Europe and the United States. Staple crops are failing in all of these regions making an already fragile harvest in 2010 even more critical into 2011.  Based on the recent past, extreme weather conditions are only likely to continue and perhaps worsen in the coming years.

2. Bee Colony Collapse: The Guardian reported this week on the USDA’s study on bee colony decline in the United States: “The abundance of four common species of bumblebee in the US has dropped by 96% in just the past few decades.” It is generally understood that bees pollinate around 90% of the world’s commercial crops.  Obviously, if these numbers are remotely close to accurate, then our natural food supply is in serious trouble.  Luckily for us, the GMO giants have seeds that don’t require open
pollination
to bear fruit.

3. Collapsing Dollar: Commodity speculation has resulted in massive food inflation that is already creating crisis levels in poor regions in the world. Food commodity prices have soared to record highs mainly because they trade in the ever-weakening dollar. Traders will point to the circumstances described in this article to justify their gambles, but also that food represents a tangible investment in an era of worthless paper.  Because the debt problems in the United States are only getting worse, and nations such as China and Russia are dropping
the dollar
as their trade vehicle, the dollar will continue to weaken, further driving all commodity prices higher.

4. Regulatory Crackdown: Even before the FDA was given broad new powers to regulate food in the recent Food Safety Modernization Act, small
farms were being raided and regulated out of business.  Now, the new food bill essentially puts food safety under the direction of the Department of Homeland Security where the food cartel uses the government to further consolidate their control over the industry. Militant police action is taken against farmers suspected of falling short on quality regulations. It is the power to intimidate innocent small farmers out of the business.

5. Risingoil prices: In 2008, record oil prices that topped $147 per barrel drove food prices to new highs.  Rice tripled in 6 months during the surge of oil prices, along with other food
commodities.  The price of oil affects food on multiple levels; from plowing fields, fertilizers and pesticides, to harvesting and hauling.  Flash forward to 2011:  many experts are predicting that oil may reach upwards of $150-$200 per barrel in the months ahead.  As oil closed out 2010 at its 2-year highs of $95/bbl, it is likely on pace to continue climbing.  Again, a
weakening dollar will also play its part in driving oil prices, and consequently, food prices to crisis levels.

6. IncreasedSoil Pollution: Geo-engineering has been taking place on a grand scale in the United States for decades now.  Previously known in conspiracy circles as ‘chemtrailing,’ the government has now admitted to these experiments claiming they are plan “B” to combat global warming.  The patents involved in this spraying are heavy in aluminum.  This mass aluminum contamination is killing plants and trees and making the soil sterile to most crops.  In an astonishing co

7.GMO Giants: Because of growing awareness of the health effects of GM foods, several countries have rejected planting them. Therefore, they would seem to need a food crisis to be seen as the savior in countries currently opposed to their products.  A leaked WikiLeaks cable confirms that this is indeed the strategy for GMO giants, where trade secretaries reportedly “noted that commodity price hikes might spur greater liberalization on biotech imports.” Since GMO giants already control much of the food supply, it seems they can also easily manipulate prices to achieve complete global control of food incidence, GMO companies have patented aluminum-resistant seeds to save the
day.

Massive Food Shortage Creates Worldwide Chaos!

Skyrocketing food prices are hitting pocketbooks worldwide. The world’s poorest countries which have the highest population bases are most at-risk as core food supplies become scarce. Worldwide grain supplies are dropping precipitously. Exporting nations are now themselves running out of grain.

As a result, hunger is spreading worldwide. Already, several African nations have had citizens killed in food riots. There is talk that the government in Bangladesh could be toppled
over soaring food prices. Food-related tensions and unrest are breaking out in Central Asia, Southeast Asia, and South America. Armed soldiers now stand watch over rice distribution in more and more countries. Just a few miles to the South, food riots have broken out in Mexico and Haiti. Estimates are that 33 nations are at risk of conflict and social unrest because of food shortages.

That’s a lot of suffering. And, Americans who know their history understand all too well, suffering tends to bring out the ugly side in human nature. Right now, Americans just change channels when they see others starving on television. But it seems America could be next. The dollar is quickly losing value and the U.S is more dependent on foreign food production than ever. Already grocery bills are rising faster than incomes. Wheat, corn, soybeans, bread, apples, beef, chicken, eggs, and milk: prices for these items are shooting up by double-digit
percentages. Coupled with energy prices pushing skyward, more and more Americans are feeling the pinch which now includes food shortages. Many experts think we could be approaching the greatest disaster in the country’s history.
It’s not too late start preparing…http://www.morningstarfoods.myefoods.com

 Think of food as future money… or even better than money as you can’t eat dollars!

Feb 21

Gold reaches $1,400, silver price exploding to Record Highs, as Mid East violence spreads

Gold prices rose above $1,400 an ounce on Monday for the first time in nearly seven weeks as violence flared in north Africa and the Middle East, boosting interest in the precious metal as a haven from risk.

Tensions have spread across the regions from Egypt and Tunisia, where protests unseated leaders earlier this month, threatening the grip of long-entrenched autocratic leaders.

Spot gold rose as high as $1,403.38 an ounce and was bid at $1,401.30 an ounce at 1240 GMT, against $1,388.58 late in New York on Friday. U.S. gold futures for April delivery rose $13.60 an ounce to $1,402.10, having peaked at $1,404.30.

Gold priced in euros hit its highest since January 18 at 1,025.85 euros an ounce, and sterling-priced gold its highest since January 14 at 865.33 pounds an ounce.

“There is no doubt that the recent move higher across the precious metals reflects a degree of safe-haven buying as a result of the unrest in the Middle East,” said Daniel Major, an analyst at RBS Global Banking & Markets.

“If (buying) is not through the exchange-traded funds or a clear change in the net long on Comex, it is most likely to be through the physical market — coin and small bar buying, and I potentially wouldn’t rule out larger purchases by high net worth individuals on the back of the unrest we’re seeing,” he added.

“That has clearly been a game-changer in the last couple of weeks for gold and silver after what was quite a lethargic start to the year in terms of identifiable investment demand in the exchange-traded funds.”

Holdings of the world’s largest gold exchange-traded fund, New York’s SPDR Gold Trust, fell to a nine-month low on Friday at 1,223.098 tones, data from the fund showed, even as prices rallied.

Turkish Foreign Minister Ahmet Davutoglu said on Monday that Tunisia’s revolution could provide a model for other countries seeking reform if it can avoid pitfalls on the path to elections.

Dozens of people were reported killed in Tripoli overnight as anti-government protests reached the Libyan capital for the first time and the building where the country’s parliament meets was ablaze.

SAFE-HAVENS RISE

The resulting risk aversion sparked buying of assets seen as a haven from risk. Bund futures rose as tension in Libya sparked safe-haven flows into German debt, while the Swiss franc rose against the dollar and euro.

Brent oil prices meanwhile surged nearly $3 a barrel to 2-1/2 year highs as traders eyed unrest in major producer Libya. European shares slipped in response to the tensions, as investors cut exposure to risk.

Other precious metals also rallied, with silver touching its highest in 31 years and palladium a 10-year peak. Silver outperformed gold, with the number of silver ounces needed to buy an ounce of gold dropping to around 42, a near 13-year low.

“Precious metals continued to recover as civil unrest intensified in the MENA region, with silver touching levels not seen since the peak of the Hunt Brothers squeeze in 1979/80,” said Morgan Stanley in a note.

“We expect the combination of continued strength in investment demand and a sustained industrial demand recovery will support silver… this year before easing amid improved economic conditions in 2012.”

Silver hit a high of $33.50 and was later at $33.44 an ounce against $32.46. Platinum was at $1,842.35 an ounce against $1,833.50, while palladium peaked at $859 and was later at $855.22 against $848.25.

Feb 11

An Answer to the Most Popular “End of America” Question

People around the country reminds me of why we made the video: People suffer from a shocking lack of knowledge about the serious financial problems facing our country. For example, the most popular question is: “When will the crisis begin?”

The question assumes we ought to ignore the collapse of the automakers, the complete destruction of America’s investment banks, and the receivership of the world’s largest mortgage firms (Fannie and Freddie), and the world’s biggest insurance company (AIG)…

The question implies nothing unusual has taken place with housing prices… or in the markets for strategic commodities like lithium, copper, oil, coal, and corn – all of which are soaring in the face of the moribund U.S. economy. The question assumes nothing is going on with the value of our dollar, despite silver trading near $30 and gold trading close to $1,500 – up 100% in only two years.

We respond to the popular question with a question of our own: What will have to happen before you’ll say we’re in a crisis right now?

How high will gas prices have to get before your neighbors notice something is wrong? How high will gold have to get? Or silver? How many banks will have to go under? How high will unemployment have to rise? How many cities will have to go bankrupt? Where’s your threshold? How bad will things have to be before you begin to see what’s really happening?

In addition to raising these questions, I’ve compiled a list of seven key facts that might spring people into taking action to protect themselves. They are the factors I believe MUST lead to the end of the global U.S. dollar standard – what we call “The End of America.”

1) The price of gold has gone up 10 years in a row. We can’t think of another market that’s ever risen for 10 consecutive years. This is a historical anomaly, and it means something has gone badly wrong with the world’s reserve currency (the U.S. dollar). Markets, if left to find their own equilibrium, will naturally fluctuate. Gold isn’t fluctuating. Its steady move up proves something strange is happening to our money.

2) Our government’s deficits are out of control. The government’s annual deficits now routinely surpass $1 trillion. The first $1 trillion deficit came in 2008 – and the government explained it away as the consequence of the financial crisis. But we racked up another $1 trillion deficit in 2009 and yet another in 2010.

We’ll have another in 2011 and so on. Our national debt has doubled since 2005. We’ve borrowed more money in the last five years than we had in the entire history of our government until then. This isn’t sustainable.

3) The government cannot increase tax revenues enough to cover our spending or repay our debts – ever. Our annual deficits have become completely unlinked to taxes. Total federal income taxes and corporate taxes generate $1.1 trillion a year in revenue, and we still ran a $1.3 trillion federal deficit last year. So even if we increased tax revenues by 100%, we would still have fallen $200 million short. This is totally unsustainable.

4) Special-interest groups – particularly government unions – are looting our Treasury. Self-serving special-interest groups have completely hijacked government spending. We now spend $200 billion a year on federal pensions. We’re spending another $450 billion on welfare. This spending, combined with our defense spending ($700 billion), exceeds total federal tax revenue and leaves nothing to pay the $200 billion in interest on our debt, nothing to pay for actual government services (like roads), and nothing to pay towards the inevitable Social Security/Medicare shortfall.

Remember… most voters do not pay taxes. It’s politically impossible to reform this interest group-based spending. These people are robbing the Treasury. They will cause our currency and eventually our government itself to collapse.

5) We’re printing money just like the banana republics we used to mock. To support the government’s runaway spending, the Federal Reserve is now continuously buying government debt. This process was commonly called “monetizing the debt” or, more simply, “printing money.”

In addition to the inevitable economic consequences of monetizing debt (massive inflation), there’s another, even more serious problem: a lack of confidence in the leadership of the Fed. We would support an audit of the Fed. We would support replacing Fed Chairman Ben Bernanke. After all, Bernanke has alternately defended his decision to print massive quantities of new money and denied ever doing it. However, we are certainly aware that as people (rightly) lose confidence in the Fed and in the dollar, there will be serious consequences for our economy.

6) We can’t repay our debts. Total debt outstanding in the U.S. currently exceeds $55 trillion. That’s $681,165 in debt per U.S. family. There is simply no way to repay (or even maintain) debt of this magnitude using the income of the average American family, which is slightly less than $50,000 per family per year. Interest alone on these debts (based on a 5% rate) would total $34,000 per family every year. Total debt in the U.S. economy is unsustainable and can’t be financed without printing vast new sums of money.

7) Shockingly, new debt issuance in the U.S. is soaring, with the lowest-quality debtors borrowing record amounts. Despite all the evidence that the U.S. economy carries far too much debt, both public and private debt issuance soared to new record levels in 2010. Overall, more than $3 trillion in new corporate debt was issued last year – the second record year in a row.

And junk-bond issuance set a new, vastly higher record. In 2010, 509 speculative-grade corporate borrowers sold $287 billion worth of new debt. That compares to the previous record (2009) of $167 billion. Our economy has become so warped by its debt load, it cannot function without ever-larger amounts of debt.

In summary, anyone who carefully looks at these numbers must realize this is not safe and will not last long. That’s why I’m telling everyone: Don’t ask, “When will the crisis begin?” Instead, ask, “Where can I get the best deal on gold and silver bullion to protect my family’s finances?”

Feb 01

Obama Orders Military To Prepare For Spring Food Riots!

Millions Of Chinese Stunned After Government Makes Obama UFO Statment
A grim report prepared by France’s General Directorate for External Security (DGSE) obtained by Russia’s Foreign Intelligence Service (SVR) states that president’s Obama and Sarkozy have “agreed in principal” to create a joint US-European military force to deal exclusively with a Global uprising expected this spring as our World runs out of food.

According to this report, Sarkozy, as head of the G-20 group of developed Nations, called for and received an emergency meeting with Obama this past Monday at the White House wherein he warned his American counterpart that the shock rise in food prices occurring due to an unprecedented series of disasters was threatening the stability of the entire World and could lead to the outbreak of Total Global War.

Just last week French Prime Minister Francois Fillon underlined that one of France’s top G-20 priorities was to find a collective response to “excessive volatility” in food prices now occurring, a statement joined by Philippe Chalmin, a top economic adviser to the French government, who warned the World may face social unrest including food riots in April as grain prices increase to unprecedented highs.

The fears of the French government over growing Global instability was realized this past week after food riots erupted in Algeria and Tunisia and left over 50 dead. So dire has the situation become in Tunisia that their government this morning rushed in massive amounts of troops and tanks to their capital city Tunis and instituted a Nationwide curfew in an order to quell the growing violence.

The United Nations, also, warned this past Friday that millions of people are now at risk after food prices hit their highest level ever as Global wheat stocks fell to 175.2 million tons from 196.7 million tons a year ago; Global corn stocks are said may be 127.3 million tons at the end of this season, compared with last month’s USDA outlook for 130 million tons; and Global soybean inventories will drop to 58.78 million tons at the end of this season, from 60.4 million tons a year earlier.

Robert Zoellick, president of the World Bank, further warned this past week that rising food prices are “a threat to global growth and social stability” as our World, for the first time in living memory, has been warned is just “one poor harvest away from chaos”.

Important to note about how dire the Global food situation has become is to understand the disasters that have befallen our World’s top wheat growing Nations this past year, and who in descending order are: China, India, United States, Russia, France, Canada, Germany, Ukraine, Australia and Pakistan.

From China’s disaster: 2010 China drought and dust storms were a series of severe droughts during the spring of 2010 that affected Yunnan, Guizhou, Guangxi, Sichuan, Shanxi, Henan, Shaanxi, Chongqing, Hebei and Gansu in the People’s Republic of China as well as parts of Southeast Asia including Vietnam and Thailand, and dust storms in March and April that affected much of East Asia. The drought has been referred to as the worst in a century in southwestern China.

From India’s disaster: A record heat wave and growing water crisis in India are forcing politicians to consider implementing user fees and other measures to conserve water. Sri Lanka’s President Mahinda Rajapaksa yesterday instructed ministers and officials to prepare a strategic plan to face an impending food crisis as there were signs that the World is to confront a food shortage by next April.

From Russia’s disaster: (10% of total World’s output, 20% for export) they were hit by the highest recorded temperatures Russia has seen in 130 years of recordkeeping; the most widespread drought in more than three decades; and massive wildfires that have stretched across seven regions, including Moscow.

From France’s disaster: The French government lowered their wheat crop forecast by 2.7% over last year due to drought and cold weather.

From Canada’s disaster: Record setting drought has affected their main grain producing provinces in the Western part of their Nation.

From Ukraine’s disaster: (the World’s top producer of barley and sixth biggest of wheat) hit as hard as Russia by fire and drought to the point they have halted all their exports of grains in 2011.

From Australia’s disaster: Fears of a Global wheat shortage have risen after the Queensland area of Australia was hit by calamitous flooding. Andrew Fraser, Queensland’s State Treasurer, described the floods as a “disaster of biblical proportions”. Water is covering land the size of France and Germany. It is expected to reach over 30 feet deep in some areas in coming days.

From Pakistan’s disaster: Floods have submerged 17 million acres of Pakistan’s most fertile crop land, have killed 200,000 herd of livestock and have washed away massive amounts of grain and left farmers unable to meet the fall deadline for planting new seeds, which implies a massive loss of food production in 2011, and potential long term food shortages.

Not only have the vast majority of our World’s top wheat producers been affected, but also one of the main grain producing regions on the Planet, South America, has been hit by disasters too where an historic drought has crippled Argentina and Bolivia, and Brazil, that regions largest Nation, has been hit with catastrophic floods that have killed nearly 400 people in the past few days alone.

Even the United States has been hit as a catastrophic winter has seen 49 of their 50 States covered by snow causing unprecedented damage to their crops in Florida due to freezing weather, and record setting rains destroying massive numbers of crops in their most important growing region of California.

And if you think that things couldn’t get any worse you couldn’t be more mistaken as South Korea (one of the most important meat exporters in Asia) has just this past week had to destroy millions of farm animals after an outbreak of the dreaded foot-and-mouth disease was discovered.

To how horrific the Global food situation will become this year was made even more grim this past month when the United States reported that nearly all of their honey bee and bumblebee populations have died out, and when coupled with the “mysterious” die-off of the entire bat population in America means that the two main pollinators of fruit and vegetable plants will no longer be able to do their jobs leading to crop losses this report warns will be “biblical and catastrophic”.
Chillingly to note is that after meeting with Sarkozy, Obama began implementing his Nation’s strategy for keeping the truth of this dire events from reaching the American people by ordering all US citizens to have an Internet ID so that they can be tracked and jailed should they begin telling the truth.

And so today, as agricultural traders and analysts warn that the latest revision to US and Global stocks means there is no further room for weather problems, a new cyclone is preparing to hit Australia, brutal winter weather in India has killed nearly 130, and more snow is warned to hit America, and we’re not even two full weeks into 2011… may God have mercy on us all.

It’s not too late, start preparing…

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