Much Sooner Than Expected: Medicare Will Be Insolvent By 2026 And Social Security To Follow
“Closing the gap would require an immediate hike in the payroll tax of 2.78% to 15.18% or an immediate reduction in current benefits of…”
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Precious Metals in a World that is Flat, Fungible and Fiat
Taking possession of precious metals and becoming your own central bank is becoming more essential in the current state of world fiat currency unraveling. Fiat currencies lack the hard collateral […]
Continue readingThe U.S. Government Will Borrow Close To 4 Trillion Dollars This Year
When you add maturing debt to the new debt that the federal government is accumulating, the total is quite eye catching. You see, the truth is that the U.S. government […]
Continue readingUSA Going to Get Downgraded-Karl Denninger
Financial analyst Karl Denninger says, “If you keep raising the debt ceiling willy nilly, you’re going to get downgraded.” Denninger thinks the latest talks in Washington will only kick the […]
Continue readingTrillion Dollar Platinum Coin Is “Not The Solution” – PIMCO’s Gross
PIMCO founder and co chief investment officer Bill Gross gives no credence to the trillion dollar platinum coin scheme. “We feel that such an action would not only jeopardise the […]
Continue readingPrice of Gold Ahead of Chinese New Year Buying, US Debt Ceiling Deadline
“Quantitative Easing is not the only bullish factor for gold,” says January’s Metal Matters Monthly from bullion-bank Scotia Mocatta. “The financial system is drowning in debt and there seems no […]
Continue readingU.S. May Default On Debt As Soon As February 15
The U.S. government may default on its debt in 38 days or as soon as February 15th, half a month earlier than widely expected, according to a new analysis adding […]
Continue readingGreg Mannarino: Ratings Agencies Will Downgrade the Dollar in 2013, Bursting US Debt Bubble
In his latest market update, Greg Mannarino states that the market pop in the wake of the 2 month fiscal cliff agreement is merely a relief rally that has no […]
Continue readingStewart Thomson: A Glass Of Golden Bubbly- Miners, Gold, & Silver Set to Explode in 2013
Submitted by Stewart Thomson: On the last trading day of 2012, a watershed event occurred. Key gold stocks staged superb breakouts, from their weekly chart power downtrend lines. The gold […]
Continue readingSilver Update: Fiscal Clowns
BrotherJohnF discusses the fiscal cliff insanity and silver’s technicals in his latest Silver Update: Fiscal Clowns.
Continue readingFiscal Cliff Can Kicked 2 Months Down the Road, All Spending Cuts Postponed
Senate Democrats are announcing the fiscal cliff has been averted for 2 months, with a last minute agreement in principle with Republicans to extend Bush-era tax levels for individuals under […]
Continue reading2013: ‘The End Game’- Is the Big Reset Imminent?
Raoul Paul sent shock-waves throughout the financial markets in June in what Tyler Durden called the scariest presentation ever, when Paul predicted a complete systemic collapse of the financial system […]
Continue readingReports: NO DEAL- US to Plunge Off Fiscal Cliff
*Breaking Reports indicate that the House will NOT vote on any potential Senate fiscal cliff deal today, which means that the US will be plunging full speed ahead over the […]
Continue readingGold & Silver Pop As No Fiscal Cliff Deal Yet, Obama To Speak at 1:30
After consolidating throughout the overnight Asian and London session as well as throughout morning COMEX trading, gold and silver have just gone vertical, with silver up .65 from its lows […]
Continue readingRon Paul “We Have Passed The Point Of No Return”, US Will Be Just Like Greece!
CNBC invited retiring Congressman and former Republican Presidential Candidate Ron Paul on to discuss the lunacy of the fiscal cliff negotiations going on in Congress. In this MUST WATCH interview, […]
Continue reading‘Fiscal Cliff’ Distracts As ‘Fiscal Abyss’ In Japan, UK and U.S. Cometh
The U.S. federal deficit is now exceeding $1 trillion dollars every year —up from $161 billion in 2007, the last year before the financial crisis. Spending is up some $1 […]
Continue readingRick Santelli: “We can’t afford our bills any more… $100 Trillion dollars of unfunded liability… The FED doesn’t have a clue.”
The only CNBC commentator who does have a clue, Rick Santelli, gave another epic rant this morning concerning the fiscal cliff, Federal debt and unfunded liabilities, and the Fed. Santelli, […]
Continue readingRJO’s Streible: Silver Will Be #1 Commodity Pick of 2013, Short Covering Rally Will See Prices EXPLODE!
RJ O’brien Senior Commodities Broker Phil Streible was on Bloomberg this morning, and when asked by the host for his #1 commodities pick for 2013, Streible responded: Silver! Streible stated […]
Continue readingJames Turk Revises His $8,000 Gold Target: “I now expect Gold to go higher Than $8,000″
In the face of this week’s massive cartel intervention knocking down the metals in the wake of QE4, James Turk has just revised his $8,000 gold target- but NOT to […]
Continue readingUS Bank Run Imminent as FDIC Expanded Deposit Insurance Ends Dec 31st
With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. Submitted […]
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