Destruction of US Empire

VITAL SIGNS FOR 15 SEP 09

GOLD - $1007
SILVER - $17.04
DOLLAR INDEX - 76.51 (When it hits 72 be afraid. When it gets below 70, be very afraid.)


The destruction of the US empire – "Currently, about 20 million people work for government. About 45 million receive Social Security benefits. About 34 million depend on food stamps." CURRENTLY - there are more people working for the Federal government than are employed in industry in the US. The parasite has become larger than its host.

Treasuries decline as retail sales surge most in three years – If you don't know what a "Treasury Bond" is, I'll tell you. It's something that we sell to other countries to pay off our debt. In essence, we are selling our debt and they are investing in them under the guise that we are a strong and powerful nation and a "good bet". A lot of countries have recently stopped buying our treasuries, so the Fed has been picking them up to fill in the gap.
The ugly truth behind retail sales – "Sales have declined 8.3% in the past 12 months. Excluding autos, sales have fallen 8.5% in the past year."
Japan airlines to cut routes and 6,800 jobs – New York Times - Big business is cutting back on their use of airline travel. This economic crunch is global.

China And Gold – What he said about US monetary policy and gold – this bit on the record – would appear to validate the long-held belief of gold bugs that China has fundamentally lost confidence in the US dollar and is going to shift to a partial gold standard through reserve accumulation.
He played down other metals such as copper, saying that they could not double as a proxy currency or store of wealth.

“Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not stimulate the market,” he said.

Gold surges after Bernanke says recession is over – "However, he and other Fed officials reiterated views that unemployment will remain high and that the economy stay weak well into next year, fueling expectations that the central bank will continue to provide ample liquidity." ALL YOU SHOULD TAKE AWAY from this is that THEY KNOW unemployment will rise, and the economy will stay weak. Saying the recession is over is their way of getting the public to accept it. Gold surged because big investors immediately recognized what I've just told you.