US GOVERNMENT LOOKS AT PRINTING MONEY BUY GOLD -
"China"" Russia ""Belgium", Canada, France, Germany, Italy, Japan, the
Netherlands,Sweden, Switzerland, the United Kingdom Iran, Israel INDIA
and the "United States" and around the world)
THIS POST GOES OUT TO ALL THE TAXPAYERS IN THE WORLD AND A CALL FOR
HELP! AND A CALL for "15,0000 GOLD".....
THE JEKYLL THE FEDERAL RESERVE ....AS THE US" GOVERNMENT"
LOOKS AT PRINTING MORE "TAX PAYERS" MONEY AND TRIES TO SPIN
WHY THERE MAKING
THE SUCKERS TAX PAYERS PAY FOR THE HUGE OBLIGATE DDEBT OVER
"ONE HUNDRED TRILLION DOLLARS "
lets have a look here...NOW
WHO IS MAKING MONEY
AND WHO IS PAYING THE BILL IN THE BIGGEST FRAUD BEING PLAYED OUT
TODAY!
WITH NO ONE IN JAIL
and" WHY" IS THERE NO AUDIT OF "THE FEDERAL RESERVE"
now WHO TOOK MONEY WHO HAS IT.
NOW: FULL DISCLOSER IS NEEDED
HERE OR WE GOT PEOPLE THE PRECEDENT OF PRINTING TAX PAYERS MONEY IS
THE CRIME OF THE CENTURY! .......
Jim Rickards: If gold is money again, it goes to between $4,000and
$11,000
Submitted by cpowell on Thu, 2009-11-1921:25.
Section: Daily Dispatches
4:15p ET Thursday, November 19, 2009
Dear Friend of GATA and Gold:
JimRickards, director of market intelligence for McLean, Virginia-
base dconsulting firm Omnis, was allowed onto CNBC again today to
make gold-friendly comments.
You may recall his blunt statement on CNBC back in September:
"When you own gold, you're fighting every central bank in the world":
http://www.gata.org/node/7835
Today Rickards remarked that the United States and China are
devaluing their currencies against each other in a game of chicken,
that gold should easily reach $2,000 per ounce next year just as a
matter of supply and demand, and that if gold should start being
considered money again, it would have to rise to between $4,000 and
$11,000 to support the big increase in the world's money supply.
Société Générale tells clients how to prepare for potential
'globalcollapse'
Société Générale has advised clients to be ready for a possible
"global economic collapse" over the next two years, mapping a strategy
of defensive investments to avoid wealth destruction.
Glenn Beck The World is dumping our Dollar
http://www.youtube.com/watch?v=IrBVAN8YicM&feature=related
Unemployment Rose in 29 States Last Month; Michigan Rate Highest at
15.1%...
Struggling Detroit unable to bury its dead... Steep Revenue Drops Worry
Mayors...Congre$$man Calls for Post Office Bailout...
The Dollar Meltdown
NEWYORK (AP) - The pace at which people fell behind on
their mortgagess lowed during the summer for the third consecutive
quarter, but the overall delinquency rate hit another record, a new
report shows.
For the three months ended Sept. 30, 6.25 percent of U.S. mortgage
loans were 60 or more days past due, according to credit reporting
agency Trans Union.
That's up 58 percent from 3.96 percent a year ago.
Being two months behind is considered a first step toward
foreclosure, because it's so hard to catch up with payments at that
point.
US: Federal Reserve loses lawsuit, initiated by Bloomberg News, and
has 5 days to disclose the companies that received bailouts – or
the Fed can appeal the decision.
There is no doubt that it will do so.
White House website boasting of jobs created by so-called
stimulus funding is largely fictitious – such as reports from
Congressional districts that don't exist and jobs supposedly created
in districts where zero money has been sent.
This propaganda web site has cost taxpayers $18 million. .
Peter Schiff on Fox Business Gold soon at $5000 or more.
Watch video here-
http://www.youtube.com/watch?v=61x9aWmX_nw
Martin Armstrong, gold at $5,000.
Read more here -
http://www.scribd.com/doc/22417671/GOLD-5000-11-11-09
China will keep buying resources including gold, he said.
“Its demand for commodities will go up and up and up,” he added.
“Emerging economies will grow at the fastest pace.”
In contrast, Western countries will be lucky to avoid economic
contraction, while the Federal Reserve will maintain interest
rates near zero percent, he said.
Read more here-
http://www.bloomberg.com/apps/news?pid=20601110&sid=az6qQ8ZuXg9M
India invests in the gold rush.
Watch video here -
http://news.bbc.co.uk/2/hi/asia-pacific/8352739.stm
Sri Lanka's gold buy estimated at 5.3 tonnes.
Read more here -
http://www.gata.org/node/7998
U.S.unemployment rate headed for 12.0-13.0%.
There are serious structural issues undermining the U.S. labour
market as companies continue to adjust their order books,
production schedules and staffing requirements to asemi-permanently
impaired credit backdrop.
The bottom line is that the level of credit per unit of GDP is going
to be much, much lower in the future than has been the case in
the last two decades.
While we may be getting close to a bottom in terms of employment,
the jobless rate is very likely going to be climbing much further
in the future due to the secular dynamics within the labour market.
But in a nutshell, to be calling fora 12.0-13.0% unemployment rate
is meaningless except that it is very likely going to be a
headline grabber.
The most inclusive definition of them all, the U6 measure of the
unemployment rate, which includes all forms of
unemployed and underemployed, is already at 17.5%.
Chart of the day: We're Bleeding Jobs, But Blood Loss Is
Slowing.
U.S.unemployment hit a shocking 10.2% in October.
Worse yet, the "real" unemployment rate, which adds in things such
as discouraged workers who have dropped out of the labor force,
hit 17.5%. Ouch.
What are we Europe?
Yet there's some light at the end of the tunnel.
While the unemployment rate and "real" unemployment rate rose in
October, the rate of deterioration (year over year change) for both
measures kept falling, as shown below.
Moreover, the trend of the more conservative "real" unemployment
rate (in red) improved faster than that of standard unemployment
(in blue).
Thus we're still bleeding jobs and ithurts, but the blood loss is slowingrapidly and starting to come undercontrol.
Hopefully the patient still has apulse by the time the bloodstops.
Read more here -
http://www.businessinsider.com/chart-of-the-day-unemployment-rate-2009-11
U.S. UNEMPLOYMENT
-Broader Measure of U.S. Unemployment Stands at 17.5%.
Read more here -
http://www.nytimes.com/2009/11/07/business/economy/07econ.html
FIVE MORE U.S. BANKS FAIL
-Fivemore banks fail 120 for the year.
Banks in California, Georgia,Michigan, Minnesota and Missouri were
shuttered, costing the FDIC a total of $1.5 billion.
Read more here -
http://money.cnn.com/2009/11/06/news/economy/bank_failures/index.htmor
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayPwsBV1DI3c
The Next Crisis:
Spiraling Inflation Part 1.
The US economy contracted for four consecutive quarters since October
2008, something we have not seen since the Great Depression.
A V-shaped recovery is simply not in the cards because the credit
crisis has caused deep, systemic damage.
Having said that, if the recession ends this year, it certainly
won’t be because the global economy is healthy.
Bank of Canada Governor JohnCarney and US Federal Reserve Chairman Ben
Bernanke are proudly predicting that GDP will turn positive later in
2009, but much of that growth will be the result of trillions of
dollars of government spending.
The public debt will likely pass $12 trillion this week, up another
trillion since March.
With Obama’s left flank calling for a second stimulus which is really
a third stimulus if you count George Bush’s tax rebates there’s
still no serious discussion about how to deal with debt.
The bond market is telling us not to worry.
But if history is any guide, the bond market is wrong....CHINA RUSSIA
....TAKE GOLD TO 10,000....BU JIU
TAX PAYERS CREDIT CARD
Société Générale tells clients how to prepare for potential
'globalcollapse'
Société Générale has advised clients to be ready for a
possible" global economic collapse" over the next two years, mapping
a strategy of defensive investments to avoid wealth destruction.
UK: Even the very rich are going broke as evidenced by a "discreet"
pawnbroker with an inventory of Ferraris, Rolexes, and even a private
airplane.
US: Mortgage delinquencies hit another record, 6.25% for
the third quarter of 2009.
US: Federal Reserve loses lawsuit, initiated by Bloomberg News, and has
5 days to disclose the companies that received bailouts – or
the Fed can appeal the decision
Mean while, Barofsky's office has opened 35 criminal
and civil investigations into issues including suspected accounting
fraud, securities fraud, insider trading, mortgage servicer misconduct,
mortgage fraud, public corruption, false statements and taxes.
That's right, we have 35 criminal investigations connected to this
nearly $24 trillion dollars of large sse too, and that's only what
Mr.Barofsky knows about.
Anyone care to gander about what's hidden from him?
Oh wait - wegot a problem there too:
"Treasury’s continued unwillingness to provide
basic transparency despite the many recommendations of SIGTARP and
Congress and the repeated demonstration that meaningful data from
TARP recipients can be gathered and easily disseminated is
unacceptable," said a memo prepared by Republicans on the oversight
committee.
Hello Richard Nixon! Bailoutgate anyone?
Obstruction? UnemploymentRosein 29 States Last Month;
Michigan Rate Highest at 15.1%...
Struggling Detroit unable to bury its dead...
The Federal Reserve apparently can't account for $9 trillion
in off-balancesheet transactions.
When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth
Colemanof the Federal Reserve some very basic questions about where
the trillions of dollars that have come from the Fed's expanded
balance sheet, the IG didn't know.
Worse, nobody at the Fed seems to have any idea what the losses on its
$2 trillion portfolio really are.
"I am shocked to find out that nobody at the Federal Reserve
is keeping track of anything," Grayson says.
Grayson asked Coleman if her agency had done any research into
the decision not to save Lehman Brothers, which “sent shockwaves
through the entire financial system,” Coleman said it had not.
“What about the $1 trillion plus expansion of the Federal reserve’s
balancesheet since last September?” Grayson asked.
“We have different connotations,” Coleman replied.
“We’re actually conducting a fairly high-level review of
the various lending facilities collectively.”
Translation: Nobody at the Fed knows where the money went.
Do you know what who got the $1 trillion or more in the Fed's
expansion of its balance, Grayson pressed.
El Centro holds position for highest jobless rate
* By Hibah Yousuf, CNNMoney.com staff reporter
* On 4:37 pm EST, Wednesday December 2, 2009
El Centro, Calif., held its position of having the highest unemployment
rate among the nation's metropolitan areas, with the jobless rate
at 30%, according to government figures released Wednesday
Thumbs Up
Gold $10000+
"China"" Russia ""Belgium", Canada, France, Germany, Italy, Japan, the
Netherlands,Sweden, Switzerland, the United Kingdom Iran, Israel INDIA
and the "United States" and around the world)
THIS POST GOES OUT TO ALL THE TAXPAYERS IN THE WORLD AND A CALL FOR
HELP! AND A CALL for "15,0000 GOLD".....
THE JEKYLL THE FEDERAL RESERVE ....AS THE US" GOVERNMENT"
LOOKS AT PRINTING MORE "TAX PAYERS" MONEY AND TRIES TO SPIN
WHY THERE MAKING
THE SUCKERS TAX PAYERS PAY FOR THE HUGE OBLIGATE DDEBT OVER
"ONE HUNDRED TRILLION DOLLARS "
lets have a look here...NOW
WHO IS MAKING MONEY
AND WHO IS PAYING THE BILL IN THE BIGGEST FRAUD BEING PLAYED OUT
TODAY!
WITH NO ONE IN JAIL
and" WHY" IS THERE NO AUDIT OF "THE FEDERAL RESERVE"
now WHO TOOK MONEY WHO HAS IT.
NOW: FULL DISCLOSER IS NEEDED
HERE OR WE GOT PEOPLE THE PRECEDENT OF PRINTING TAX PAYERS MONEY IS
THE CRIME OF THE CENTURY! .......
Jim Rickards: If gold is money again, it goes to between $4,000and
$11,000
Submitted by cpowell on Thu, 2009-11-1921:25.
Section: Daily Dispatches
4:15p ET Thursday, November 19, 2009
Dear Friend of GATA and Gold:
JimRickards, director of market intelligence for McLean, Virginia-
base dconsulting firm Omnis, was allowed onto CNBC again today to
make gold-friendly comments.
You may recall his blunt statement on CNBC back in September:
"When you own gold, you're fighting every central bank in the world":
http://www.gata.org/node/7835
Today Rickards remarked that the United States and China are
devaluing their currencies against each other in a game of chicken,
that gold should easily reach $2,000 per ounce next year just as a
matter of supply and demand, and that if gold should start being
considered money again, it would have to rise to between $4,000 and
$11,000 to support the big increase in the world's money supply.
Société Générale tells clients how to prepare for potential
'globalcollapse'
Société Générale has advised clients to be ready for a possible
"global economic collapse" over the next two years, mapping a strategy
of defensive investments to avoid wealth destruction.
Glenn Beck The World is dumping our Dollar
http://www.youtube.com/watch?v=IrBVAN8YicM&feature=related
Unemployment Rose in 29 States Last Month; Michigan Rate Highest at
15.1%...
Struggling Detroit unable to bury its dead... Steep Revenue Drops Worry
Mayors...Congre$$man Calls for Post Office Bailout...
The Dollar Meltdown
NEWYORK (AP) - The pace at which people fell behind on
their mortgagess lowed during the summer for the third consecutive
quarter, but the overall delinquency rate hit another record, a new
report shows.
For the three months ended Sept. 30, 6.25 percent of U.S. mortgage
loans were 60 or more days past due, according to credit reporting
agency Trans Union.
That's up 58 percent from 3.96 percent a year ago.
Being two months behind is considered a first step toward
foreclosure, because it's so hard to catch up with payments at that
point.
US: Federal Reserve loses lawsuit, initiated by Bloomberg News, and
has 5 days to disclose the companies that received bailouts – or
the Fed can appeal the decision.
There is no doubt that it will do so.
White House website boasting of jobs created by so-called
stimulus funding is largely fictitious – such as reports from
Congressional districts that don't exist and jobs supposedly created
in districts where zero money has been sent.
This propaganda web site has cost taxpayers $18 million. .
Peter Schiff on Fox Business Gold soon at $5000 or more.
Watch video here-
http://www.youtube.com/watch?v=61x9aWmX_nw
Martin Armstrong, gold at $5,000.
Read more here -
http://www.scribd.com/doc/22417671/GOLD-5000-11-11-09
China will keep buying resources including gold, he said.
“Its demand for commodities will go up and up and up,” he added.
“Emerging economies will grow at the fastest pace.”
In contrast, Western countries will be lucky to avoid economic
contraction, while the Federal Reserve will maintain interest
rates near zero percent, he said.
Read more here-
http://www.bloomberg.com/apps/news?pid=20601110&sid=az6qQ8ZuXg9M
India invests in the gold rush.
Watch video here -
http://news.bbc.co.uk/2/hi/asia-pacific/8352739.stm
Sri Lanka's gold buy estimated at 5.3 tonnes.
Read more here -
http://www.gata.org/node/7998
U.S.unemployment rate headed for 12.0-13.0%.
There are serious structural issues undermining the U.S. labour
market as companies continue to adjust their order books,
production schedules and staffing requirements to asemi-permanently
impaired credit backdrop.
The bottom line is that the level of credit per unit of GDP is going
to be much, much lower in the future than has been the case in
the last two decades.
While we may be getting close to a bottom in terms of employment,
the jobless rate is very likely going to be climbing much further
in the future due to the secular dynamics within the labour market.
But in a nutshell, to be calling fora 12.0-13.0% unemployment rate
is meaningless except that it is very likely going to be a
headline grabber.
The most inclusive definition of them all, the U6 measure of the
unemployment rate, which includes all forms of
unemployed and underemployed, is already at 17.5%.
Chart of the day: We're Bleeding Jobs, But Blood Loss Is
Slowing.
U.S.unemployment hit a shocking 10.2% in October.
Worse yet, the "real" unemployment rate, which adds in things such
as discouraged workers who have dropped out of the labor force,
hit 17.5%. Ouch.
What are we Europe?
Yet there's some light at the end of the tunnel.
While the unemployment rate and "real" unemployment rate rose in
October, the rate of deterioration (year over year change) for both
measures kept falling, as shown below.
Moreover, the trend of the more conservative "real" unemployment
rate (in red) improved faster than that of standard unemployment
(in blue).
Thus we're still bleeding jobs and ithurts, but the blood loss is slowingrapidly and starting to come undercontrol.
Hopefully the patient still has apulse by the time the bloodstops.
Read more here -
http://www.businessinsider.com/chart-of-the-day-unemployment-rate-2009-11
U.S. UNEMPLOYMENT
-Broader Measure of U.S. Unemployment Stands at 17.5%.
Read more here -
http://www.nytimes.com/2009/11/07/business/economy/07econ.html
FIVE MORE U.S. BANKS FAIL
-Fivemore banks fail 120 for the year.
Banks in California, Georgia,Michigan, Minnesota and Missouri were
shuttered, costing the FDIC a total of $1.5 billion.
Read more here -
http://money.cnn.com/2009/11/06/news/economy/bank_failures/index.htmor
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayPwsBV1DI3c
The Next Crisis:
Spiraling Inflation Part 1.
The US economy contracted for four consecutive quarters since October
2008, something we have not seen since the Great Depression.
A V-shaped recovery is simply not in the cards because the credit
crisis has caused deep, systemic damage.
Having said that, if the recession ends this year, it certainly
won’t be because the global economy is healthy.
Bank of Canada Governor JohnCarney and US Federal Reserve Chairman Ben
Bernanke are proudly predicting that GDP will turn positive later in
2009, but much of that growth will be the result of trillions of
dollars of government spending.
The public debt will likely pass $12 trillion this week, up another
trillion since March.
With Obama’s left flank calling for a second stimulus which is really
a third stimulus if you count George Bush’s tax rebates there’s
still no serious discussion about how to deal with debt.
The bond market is telling us not to worry.
But if history is any guide, the bond market is wrong....CHINA RUSSIA
....TAKE GOLD TO 10,000....BU JIU
TAX PAYERS CREDIT CARD
Société Générale tells clients how to prepare for potential
'globalcollapse'
Société Générale has advised clients to be ready for a
possible" global economic collapse" over the next two years, mapping
a strategy of defensive investments to avoid wealth destruction.
UK: Even the very rich are going broke as evidenced by a "discreet"
pawnbroker with an inventory of Ferraris, Rolexes, and even a private
airplane.
US: Mortgage delinquencies hit another record, 6.25% for
the third quarter of 2009.
US: Federal Reserve loses lawsuit, initiated by Bloomberg News, and has
5 days to disclose the companies that received bailouts – or
the Fed can appeal the decision
Mean while, Barofsky's office has opened 35 criminal
and civil investigations into issues including suspected accounting
fraud, securities fraud, insider trading, mortgage servicer misconduct,
mortgage fraud, public corruption, false statements and taxes.
That's right, we have 35 criminal investigations connected to this
nearly $24 trillion dollars of large sse too, and that's only what
Mr.Barofsky knows about.
Anyone care to gander about what's hidden from him?
Oh wait - wegot a problem there too:
"Treasury’s continued unwillingness to provide
basic transparency despite the many recommendations of SIGTARP and
Congress and the repeated demonstration that meaningful data from
TARP recipients can be gathered and easily disseminated is
unacceptable," said a memo prepared by Republicans on the oversight
committee.
Hello Richard Nixon! Bailoutgate anyone?
Obstruction? UnemploymentRosein 29 States Last Month;
Michigan Rate Highest at 15.1%...
Struggling Detroit unable to bury its dead...
The Federal Reserve apparently can't account for $9 trillion
in off-balancesheet transactions.
When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth
Colemanof the Federal Reserve some very basic questions about where
the trillions of dollars that have come from the Fed's expanded
balance sheet, the IG didn't know.
Worse, nobody at the Fed seems to have any idea what the losses on its
$2 trillion portfolio really are.
"I am shocked to find out that nobody at the Federal Reserve
is keeping track of anything," Grayson says.
Grayson asked Coleman if her agency had done any research into
the decision not to save Lehman Brothers, which “sent shockwaves
through the entire financial system,” Coleman said it had not.
“What about the $1 trillion plus expansion of the Federal reserve’s
balancesheet since last September?” Grayson asked.
“We have different connotations,” Coleman replied.
“We’re actually conducting a fairly high-level review of
the various lending facilities collectively.”
Translation: Nobody at the Fed knows where the money went.
Do you know what who got the $1 trillion or more in the Fed's
expansion of its balance, Grayson pressed.
El Centro holds position for highest jobless rate
* By Hibah Yousuf, CNNMoney.com staff reporter
* On 4:37 pm EST, Wednesday December 2, 2009
El Centro, Calif., held its position of having the highest unemployment
rate among the nation's metropolitan areas, with the jobless rate
at 30%, according to government figures released Wednesday
Thumbs Up
Gold $10000+
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