Before It's News | Popular Money
Its a Tinfoil Hat Conspiracy
by Martin Armstrong Armstrong Economics
QUESTION: Today employment came with 195K.
1- If Europe is imploding, China slowing, Emerging markets slowing, is the US employment story sustainable?
2- After the governments bond collapse beyond 2015.75, could USA devalue the dollar and make a combination of bond default with a new currency?
3- Is physical gold in the allocated form in a Bank a safe way to keep it?
Thank you very much.
ANSWER: The question ASSUMES that people on Capitol Hill even agree there is a problem. If you try to talk about stuff like that, they will NEVER listen and look for the tinfoil hat. These people are in “power” and the idea that they are the problem does not cross their mind. They do not even consider a default, devaluation, or a change in currency.
Teenage Girls Beat The Snot Out Of Cop After 4th Of July Firework Show--Violence Around The Country Cancels Some Events
by Monica Davis The 4th of July turned into chaos in many communities as often drunk, out of control crowds fired bottle rockets at their neighbors and beat up cops. In one incident: An Evansville police officer said he was punched, kicked and beaten by an unruly crowd of people leaving the ShrinerFest on Thursday evening. Officer Matthew Knight was dispatched around 10:15 p.m. to quell a group of about 30 people who started several fights at the festival, according to a police affidavit.
Think Your Money is Safe in an Insured Bank Account? Think Again.
A trend to shift responsibility for bank losses onto blameless depositors lets banks gamble away your money. When Dutch Finance Minister Jeroen Dijsselbloem told reporters on March 13, 2013, that the Cyprus deposit confiscation scheme would be the template for future European bank bailouts, the statement caused so much furor that he had to retract it. But the “bail in” of depositor funds is now being made official EU policy. On June 26, 2013, The New York Times reported that EU finance ministers have agreed on a plan that shifts the responsibility for bank losses from governments to bank investors, creditors and uninsured depositors.
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