1. I posted this to the Ron Paul Facebook groups back on March 1st:

    “I think the next Ron Paul Moneybomb should be a “silver moneybomb”:

    Everyone pledges a USD amount on the campaign web site, but instead of
    donating the money (for some ad airtime or whatever) put the $
    contribution into PHYSICAL SILVER and save it. Should make a huge
    campaign impact, and the “donation” of/for/by the people will appreciate
    in their pocket.

    Plus next time RP holds up a coin to Benanke he’ll listen very carefully.”

  2. It will be quite interesting to see how the bond markets react to the Spanish bail out when the open. Even more, I want to see how pissed Ireland, Greece, Portugal, etc. get because Spain gets the bail out without the harsh austerity measures. A wild day I think. I haven’t heard enough about the Rand Paul saga to fully form an opinion yet. I’ll play the wait and see scenario for now.

  3. China’s May PMI drops to 50.4%

    English.news.cn 2012-06-01 09:23:59

    BEIJING, June 1 (Xinhua) — China’s Purchasing Managers Index (PMI), a readout of the country’s manufacturing activity, ended five consecutive months of growth in May and retreated to 50.4 percent, indicating a slowing economy.

    The PMI in May was down 2.9 percentage points from that in April, the China Federation of Logistics and Purchasing (CFLP) said Friday.

    The figure in May showed China’s economy decelerated but the growth trend remained unchanged, as the reading still stood above 50 percent, the CFLP said in a statement.

    A PMI reading of 50 percent demarcates expansion from contraction.

    “The short-term moderation of economic growth at present does not mean the Chinese economy is entering a new recession stage,” the statement said.

    From November to April, the PMI saw steady increases from 49 percent to 50.3 percent, 50.5 percent, 51 percent, 53.1 percent and 53.3 percent.

    The world’s second-largest economy is likely to further lose steam as the sub-index for new orders slumped, pointing to even weaker future factory activity, Zhang Liqun, a researcher with the Development Research Center of the State Council, forecast.

    The sub-index for new orders dipped below 50 percent in May, down 4.7 percentage points to 49.8 percent, indicating shrinking demand in the manufacturing sector, the CFLP data show.

    However, Zhang noted that the economic downshift will be mitigated by government efforts to maintain growth, especially policies aimed at stabilizing investment.

    China’s economy expanded 8.1 percent year on year in the first quarter of 2012, nearly reaching a three-year low over diminishing export orders and a flagging property market.

    The central government pledged last month that it would give more attention to stabilizing economic growth, warning that the economy faces “increasing downward pressure.”

    In the latest moves to shore up investment and growth, a series of policies were announced last month to open the channels for private investment to flow into state-dominated sectors, and a plan was adopted on Wednesday by the State Council to boost the development of seven strategic emerging industries.  (End)


    I think BJF should be careful accepting Chinese economic stats at face value, they are widely considered to be not particularly accurate. If China has to drop interest rates then there is something up. Europe is broke and in turmoil, I would suggest it is more likely imports to Europe are declining.

  4. The presidential race is just a giant mis-direction to distract the sheeple from what’s really going on. You don’t have to be an Eric Sprott to see the debts of the world are no longer serviceable.

  5. The presidential election is going to be such a super dog and pony show this year.  Or maybe it’s always been just like that and now I’m just more aware than ever.  Obama may as well choose Romney for his VP with all the difference either of them are going to make.

  6. You’ve got to be kidding me Brother John comparing Support a Presidential Campaign or Buying Physical Silver. Well this is the first time I’ve ever disagreed with you on your obnoxious idea, it sounds like a Politicians idea of taking away our Voting Rights and our way of life. There is no comparrison.

  7. I myself didn’t really agree with the comparison of silver vs presidential campaign…. But hey I still got my oz’s… I look at it this way… Brother John brings us alot of info and has his point of view… We can’t all agree all the time so this is bound to happen from time to time….

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