We The Sheeplez- The Coming Economic Collapse.."A Nation Of Sheep Ruled By Wolves" Thomas Jefferson

Tuesday, May 18, 2010

First Gold, Now Europe Running Out of Silver

I told you ...Get off your arse and buy now before it's too late...As I write this it's on sale...

Karl Marx Is Probably Dancing Somewhere
posted by Blogger at Jim Rogers Blog - 2 hours ago
Karl Marx is probably dancing somewhere. Because, in America right now, the government owns the automobile industry, the insurance industry, the mortgage industry and the banking industry. The government s...

Very Likely That The Rally Has Come To An End
posted by Blogger at Marc Faber Blog - 7 hours ago
It is very likely that the rally, which originated in March 2009, has come to an end and that a correction of 20 to 30 percent from the recent highs will follow. in GBD Marc Faber is an international inv...

Europe's Debt Crisis Shows Risks for US: Volcker
Europe's debt crisis shows the risks for the United States if it does not get its budget deficits under control, former Federal Reserve Chairman Paul Volcker said on Tuesday.

Financial Reforms 'Cosmetic,' Won't Prevent Crises: Roubini
Current efforts to reform financial regulation are “cosmetic” and won’t prevent another crisis, economist Nouriel Roubini said Tuesday.

Tea Party Favorite Wins in Ky.

Pennsylvania Sen. Arlen (TRAITOR) Specter was FORCED into retirement
Tuesday with a stunning come-from-behind victory in the the Democratic primary.

NIA is pleased to announce that it has relaunched its charts page. NIA's new charts page contains more than five times as many charts as its old charts page and more detailed descriptions of the significance of each chart.

These charts rarely get shown by the mainstream media because they illustrate the devastating effects of inflation and how the U.S. economic recovery is phony. We believe these are the most important charts in the world for you to review and fully understand.

NIA's new improved charts page is now live at: http://inflation.us/charts.html

Dear Jim,
I know you have a deep respect for Chairman Volcker.
It surprises me that he would make a public statement concerning the euro that was akin to pouring gas on the fire.
Sincerely, CIGA Arlen
Dear Arlen,
Volcker would seek any advantage he could for the benefit of the US.
You must remember that his activities in the 80s totally slammed both South America and Africa when he ran overnight money to above 20% and 10 year to 14 7/8%. The developing nations all imploded based on what the Chairman deduced as an action in the best interest of the USA.
It very well might be seen as in the best interest of the USA to not have a euro to compete with.
Volcker has already stated that the present problem is the Sum of All Fears that can be cured only by doing politically impossible things. I do not believe he holds out much hope for that.
Exacerbating the euro problem might just speed this crisis along.
Regards, Jim

Dear CIGAs,
The euro below $1.20 would strongly suggest Chairman Volcker is right on the subject.
The euro below $1.10 would confirm that Volcker is correct.
Presently there is key support at $1.2150.
The euro today traded as high as 1.2448 and dropped below $1.2150 trading now at $1.2202. That is outrageous activity for a major currency
There is no central bank nor is there any intervention that can stand against the tool of credit default derivative swaps.

Gold is you’re only safe harbor.

German Ban on Risky Bets Seen Backfiring

Greek Lessons for USA

Here's Another $23 Billion Bailout That You May Have Missed This Week.

The New York Post: The Next Di$a$ter--Federal mortgage insurance