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Archive for August, 2010
By: Elizabeth Kraus
Gold 2000 Years Ago To Today
I remember the days, way-way—way back, the time of endless summer nights with no AC but only the widows open. Sound of crickets singing an evening lullaby. Hop-scotch, jump rope and you’re it! Parents standing on the front porch and yelling or whistling for you to come home–no pagers or cell phones, running through the sprinkler, the first crush, just a kiss, I mean the one where you kept your mouth closed and your eyes open….the Tom& Jerry cartoons…when quarter seemed a fair allowance and another quarter a miracle… lightning bugs in jars, bedtime prayers and goodnight kisses, with an occasional story of Jesus. How his royal nature came from the lineage of David that made him the rightful king in the early terms. The Magi’s led by a star to Bethlehem with gifts of gold, frankincense, and myrrh…how gold became so precious during Jesus’ birth; cause Gold symbolized even then wealth, frankincense for Honor and myrrh for power.
China Emerging As A Global Leader
“Hot off the press!”
China has the gold! It has overtaken Japan to become the world’s second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Now, just depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025, according to projections by the World Bank, Goldman Sachs and others. Read More→
The Hidden Health Care Bill
So, what is this next Shoe Dropping?
This is no hocus-pocus, thanks to the new reporting requirements sneaking into the health care reform bill. I just read that “Every U.S. business, and individuals as well, will be forced to obtain the tax ID number and/or the Social Security number of everyone with whom they do more than $600 worth of business in a year.
This is not a joke, but you need to know that this does take effect on Jan. 1, 2012 — and it applies to all U.S. business and private transactions.” Says Bob Bauman (July 27, 2010)…
“Americans are already outraged by President Obama’s new health care law. And now, many are up in arms about a little-noticed provision buried deep in the 906 pages of that law,” says Bob. Read More→
FDIC Is In Hot Water
Banks are failing throughout the world…but lets get to the bottom of the page, help is on the way!
Joe Schmo wrote: “Yes, we will have fewer banks after the recession is over, but fewer more risky blood sucking banks.”
Oh boy…But wait…keep on reading this is serious stuff…
No, its not a pretty picture in Europe either
Seven of Europe’s 91 largest banks could not survive an unexpected decline in economic growth or a sharp deterioration in the value of European government bonds.
And what about our home Turf—USA
China Continues To Ditch US Dollars
Did you just say China and Japan is jumping ship?
Yes, you’re right, I can’t ignore this one! Are you absolutely sure? I recall growing up, my mother always said, according to the Bible; two gigantic markets will rule the post-dollar world: one in Europe, focused on Germany, and one in Asia, focused on China and Japan. Strange how it’s coming to fruition! The way these two markets will grow to dominate trade, and will do so at our expense, just hit me like a slingshot!
Sure, we made mistakes…who hasn’t! It’s no secret that our government is bleeding the single greatest gushing of red ink in history, but really, are we talking Hyperinflation here?
Just how much is our total U.S obligations—I mean the gross federal debt outstanding, plus the net present value of unfunded liabilities?—$ 66 trillion, you say? Unbelievably high! These numbers are truly beyond my conception! I can’t even write these figures down…How many zero’s…oh never mind…