Do your family a favor and watch these video's...
http://inflation.us/videos.html


Brown Brothers Warns on Deterioration in State and Local Government Deficits, Cautions of Comparable European Collapse



Pathway to the Gold-Backed Euro
Jim Willie CB



46 US States Facing Greek-Style Deficits- Bloomberg



There was a news story out today published in the Telegraph in England describing a very panicked Ben Bernanke. You can read the story here.
The reporter states that Ben Bernanke has been "waging an epochal battle behind the scenes" to overcome resistance to his plan to expand the Fed's balance sheet from its present $2.4 trillion to a jaw-dropping $5 trillion.
Bernanke knows we are heading into an economic depression, and is reaching for the panic button.
The problem is that his solution to prevent a depression will not work.
You cannot print your way to prosperity.
Bernanke should study the economy of Zimbabwe during past 5 years if he thinks it is possible.
It isn't.
Expanding the Fed's balance sheet to $5 trillion by creating another $2.6 trillion out of thin air will only result in further currency debasement, and bring about an inflationary crisis.
Behind the scenes, both the economy and financial system are rapidly deteriorating.
This story is ample evidence of that fact, and there is nothing Bernanke can do to stop it.
Sincerely, Wealth Insider Alliance




Lawmakers Pass Biggest Wall St Overhaul since '30s- Financial Post


Regulation Won't Prevent New Crisis: Former FDIC Chair



Leaders Differ on How to Nurture a Global Economy




These days the Government stastics are ALL LIES when they are released...then months later they revise them down where they should have been in the first place...

Government Lowers Growth Estimate for First Quarter



Make no mistake...war will arrive very soon...WWIII. War stimulates the economy and tends to keep whomever is in power,in power...Euro "Collapse" Could Drag Europe Into Conflict



Why Wall Street Should Love The 3% Solution in Reform Bill
The new limits on proprietary trading and hedge fund investments may actually benefit big banks more than harm them—especially in the hedge funds they market to clients.



30-Yr Mortgage Rates at Record Low; Sales Slump- BusinessWeek



In The News Today Posted: Jun 25 2010 By: Jim Sinclair Post Edited: June 25, 2010 at 12:09 pm
Filed under: In The News
Jim Sinclair’s Commentary
46 States and growing. There is more trouble in the United States than in the EU.
The Formula has overrun the States.



States of Crisis for 46 Governments Facing Greek-Style Deficits By Edward Robinson – Jun 25, 2010
Californians don’t see much evidence that the worst economic contraction since the Great Depression is coming to an end.
Unemployment was 12.4 percent in May, 2.7 percentage points higher than the national rate. Lawmakers gridlocked over how to close a $19 billion budget gap are weighing the termination of the main welfare program for 1.3 million poor families or borrowing more than $9 billion in the bond market. California, tied with Illinois for the lowest credit rating of any state, is diverting a rising portion of tax revenue to service debt, Bloomberg Markets magazine reports in its August issue.
Far from rebounding, the Golden State, with a $1.8 trillion economy that’s larger than Russia’s, is sinking deeper into its financial funk. And it’s not alone.
Even as the U.S. appears to be on the mend — gross domestic product has climbed three straight quarters — finances in Arizona, Illinois, New Jersey, New York and other states show few signs of improvement. Forty-six states face budget shortfalls that add up to $112 billion for the fiscal year ending next June, according to the Center on Budget and Policy Priorities, a Washington research institution. State spending is 12 percent of U.S. GDP.
“States are going to have to cut back spending and raise taxes the same way Greece and Spain are,” says Dean Baker, co- director of the Center for Economic and Policy Research in Washington. “That runs counter to stimulating the economy and will put a big damper on the recovery in the latter half of this year.”
More…



Jim Sinclair’s Commentary
Look at this oxymoron.
There will be no extensions of unemployment benefits based on supposed austerity, but the Federal Government will fill the state’s shortfalls with Federal money.



No extension for unemployment benefits. A third attempt by the Senate to pass an extension to unemployment benefits failed to win the 60 votes needed for cloture, as lawmakers showed increasing concern about the country’s fiscal position. As a result, the bill will be shelved and 1.3M unemployed will lose their unemployment assistance by the end of the week. The move will also leave several states with large budget holes they had expected to fill with federal money.



Jim’s Mailbox Posted: Jun 25 2010 By: Jim Sinclair Post Edited: June 25, 2010 at 12:00 pm
Filed under: Jim's Mailbox
Gold, The Formula and Illusion of Recovery CIGA Eric



I know much of the media and many individuals have filed the structural deficit under "Who Care’s" and moved on. It is, nevertheless, very important to confidence in and fate of the U.S. dollar. Total revenues collects by the US government continue to lag devaluation in the US dollar. In other words, "real" or gold adjusted total revenues continue to collapse at an alarming rate.
Real or Gold Adjusted Federal Total Receipts 12-Month Moving Average (TR12MA) AND Federal Total Receipts 12-Month Moving Average Year-over-Year Change (TW12MA12LN):
While Jim’s formula illustrates an anemic bounce, gold’s unabated rise during its uptick is best described as the middle finger gesture to economic recovery illusion.
US Federal Budget (Surplus or Deficit As A % of GDP, 12 Month Moving Average) and Gold London P.M. Fixed:
Source: fms.treas.gov
More…



an article about New York state's 12th consecutive weekly package of emergency spending bills "to keep the government operating."
This bill will raise the price of cigarettes to over $11 a pack in New York, as well as taxing the cigarettes sold by American Indian stores to people outside the tribe. The last time New York tried the latter was in the late 1990s, and it met with violent protests. They haven't tried it since, so you know that they're getting desperate!




Ambrose-Evans Pritchard: Gold reclaims its currency status as the global system unravels



Cash Crops: Buying Farmland for Income



And you need to watch this one...
Video: Victoria Jackson: "There's A Communist Living in the White House!!"