This guy’s video on YouTube has been so popular that Obama called him personally. He said he was very disturbed with the video and invited him to the White House. Obama also said he wanted the White House to handle the Press and not to talk about the video or the White House visit. That’s very interesting. Watch it now before it’s pulled from YouTube. This may be the best six minutes invested in your future.
The scorecard for last week:
Gold $1470.70 up $3.30
Silver $24.13 up $0.30
Dollar 82.09 down 0.14
Just last month, 660,000 Americans left the workforce. In one month! There are now 90 million able-bodied, working-age Americans no longer working. That’s almost one-third of the country’s population. The workforce participation rate is the lowest since 1979. For men, it’s the lowest since 1948.
Does this sound like a recovery to you? The robust stock market is not reflecting a strong economy. It is a dumping ground for the trillion dollar a year QE money creation machine (along with the bond market where half the funds are used to hold down interest rates). Look up close and you will see that the foundation supporting the economy and stock market is very unstable. And that, my friends, is why the Fed, with the help of Wall Street (GS and JPM) keeps attacking gold and silver. No, the messengers cannot be allowed to call attention to the illusion that is being circulated to the masses. The truth is that the dollar is at risk. Inflation is nothing more than a debasement of the currency and QE is a debasement of the currency. A year from now, no one will argue that inflation is not an issue and gold and silver will be worth a whole lot more than they are today. So, if you can find product, join the line and place your orders now. This feels like a bottom, but even if it isn’t, it’s close and the move up will arrive in a hurry. Let just one black swan pop up, like the Israelis attacking Iran’s nuclear facilities or Syria’s chemical depots. The world as we know it can change in a split second, so be prepared now, before the event(s).
Shortly after writing the above, the below article hit the newswire.
Be sure to read it.