Economic update

[ashedfc]

Japan going through their worst times in history.. & the real catastrophe (radiation damage) is yet to happen.
"A very emotional appeal for help from the Mayor of the city affected, as Citizens face starvation & Radiation"

Please keep in mind, Japan doesn't need money, they have enough of their own. (rather they have lend US Treasury 780 Billion US Dollars of Japanese money, which they can sell anytime). Its the volunteers & people to work is the big problem, & their govt has advised people to stay indoors making it worse..
.

[ashedfc]

Inside Job (The Oscar winning movie, with real interviews & real events) watch here for free ( follow the link - a must watch movie)
http://www.openculture.com/2011/04/inside_job.html

[ashedfc]

Here Comes The 4th Warfront For America's Nobel Peace Prize Winner: UN Attack Helicopter Fires On Pro-Gbagbo Military Base In Ivory Coast...

Reuters: "Two UNOCI (U.N. mission in Ivory Coast) MI-24 helicopters fire missiles on the Akouedo military camp. There was a massive explosion and we can still see the smoke," one of the witnesses said. The camp is home to three battalions of the Ivorian army.

Just PREPARE for OIL prices to go through the roof. ($2/lit gas at the gas pump may become a reality)
Its already happening "Brent Crude is close to all time high, when priced in Euro"

[ashedfc]

US Dollar Collapse will Accelerate



All major currencies will go down alongwith the US Dollar, so Gold/Silver is the only sound money. Today, Silver at 31yr high & Gold all time high is an indication of this reality..
Read more: http://kingworldnews.com/kingworldne...ccelerate.html

[ashedfc]

Another Top Investor Predicts $50 Silver, $2000 Gold in 2011
Eric Sprott of Sprott Asset Management sees 20-40% gains in precious metals this year. In this clip he gives his macro view of why gold and silver are going higher.

[ashedfc]

Check this video (only for the information purpose)

http://www.taipanpublishinggroup.com...3&g=201&r=Milo

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Record 44.7 Million People receive Foodstamps (update 1st July 2011)
This time 44.647 million people, an increase from May's 44.587 million.
The average monthly benefit per household dropped again to a post April 2009 revision low of $282.38/month.

[ashedfc]

Canadian economy is already slowing down (the temporary growth is expected to be short lived).
Bank of Canada .. http://ca.finance.yahoo.com/news/Can...F1bmRlcmc-?x=0

And at the same time, canadians are rushing to buy home (or rather take a mega size mortgage, & commit to a jumbo size mortgage payment for the next 30-35yrs, at a time when interest rates are heading into multi-decade rise in the future)..

[ashedfc]

1. Interview: Jim Sinclair on Gold and the World Financial System http://www.321gold.com/editorials/hera/hera042011.pdf (A must read)

2. Global systemic crisis: Autumn 2011 – Budget/T-Bonds/Dollar, the three US crises which will cause the Very Serious Breakdown of the global economic, financial and monetary system (another must read) http://www.leap2020.eu/GEAB-N-54-is-...use_a6340.html
.

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IMF (International Monetary Fund) bombshell: Age of America nears End
Commentary: China’s economy will surpass the U.S. in 2016
http://www.marketwatch.com/story/imf...me_latest_news

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Chart of the Week
“As you can see, government transfers of funds to households exceeded taxes paid by households as a percentage of personal income - for the first time since 1936. And the gap is growing. In raw numbers, in February of this year, households received $2.3 trillion in income support from unemployment benefits, Social Security, disability insurance, Medicare, Medicaid, veterans' benefits, education assistance and other cash transfers of government funds to individuals. The same month, households paid $2.2 trillion in income, payroll, and other taxes. The difference was nearly $100 billion, or around 1% of personal income.” Doug Casey

[ashedfc]

Gold & Silver Blast Off... indicates the loss of trust in paper currency.. a must listen
(Harvey Organ says: Where there is smoke there is fire and it sure looks like the silver comex is in flames).

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For Harvey Organ's personal blog: http://harveyorgan.blogspot.com/

[ashedfc]

David Morgan Analyzes a Dollar Collapse, (ROLLOVER 1981)
& today itself Gold just shot up by over $30, ???????

<iframe width="640" height="390" src="http://www.youtube.com/embed/ObNy18dLaAA" frameborder="0" allowfullscreen></iframe>

[ashedfc]

A point by point comparison with Europe today & Soviet Union, and the conclusion that its situation does not differ all that much with that of the imploding USSR.

http://www.zerohedge.com/sites/defau...rtEUvsUSSR.pdf

[newb]

I was getting ready to start purchasing silver 1oz bars @ $50 but was side tracked and now it seems to be in freefall...I`ll hold off for now and keep an eye on things..gotta start tho.