Did you hear about this?…” I am not kidding here folks, the rule of law is gone in the U.S., our financial system is a totally rigged sham and people believe they are “wealthy”
By Bill Holter
GoldSeek.com
Tuesday, 2 June 2015
You really have to wonder how it is that so much is going on all around us yet almost nothing is being reported by the mainstream press. I know it is hard to do, but imagine yourself 20 or 30 years ago, could what is currently happening ever be “slept through” as it is today? Could markets have just snoozed it off as if nothing bad “could” happen?
For example, the U.S. economy is in another recession. The 1st quarter GDP was revised to show a decline of -.7%. Do you know why the number was not worse? Because the BLS used as a very “special” assumption, a NEGATIVE inflation rate, if they used just a 1% inflation rate, GDP would have reported negative 2% plus! But wait, the funny part is this, the Fed at the same time is again bringing up tightening interest rates. Again, imagining yourself 20-30 years ago, the speculation would be “when will the Fed begin to loosen” …and here is one of your problems, the Fed CANNOT do ANYTHING to turn up the economy. The Fed has fired all its bullets and cannot loosen further. Yes they can start up another QE (the opposite of what they are taking about now) but I believe even they fear the reaction this time around. What would they do if the selling pressure increased on the announcement of another QE? Can’t happen you say? I hope you’re right!
The Chinese stock market took an 11% nosedive over the last two days of the past week, did you hear about this? Is it “unimportant”? Or how about COMEX having 26 tons of gold standing for June delivery with only 11 tons currently on hand? You probably didn’t hear about this one because they will just cash “settle” (they have already begun as 2,800 contracts “disappeared” last night), nothing to see here, move along. How about David Cameron promising an “in or out” referendum pertaining to the British and the EU? Or the right wing in France demanding a similar referendum? Probably not important enough either?
Or how about this list; Goldman warns “too much debt” threatens the world economy… China places artillery on disputed South Sea islands… Margin debt 50% higher than last peak… Russia backs alternative to SWIFT… 5 billion euro bank run in Greece … or just plain old Greece? Even worse than all of these pieces of “real news” that didn’t make the news, did you hear about Yemen? Or more specifically a (or several) nukes were lit up? Yes, nuke(s) went off in Yemen late last week and the press (yawn) decided it wasn’t “newsworthy”.
The Rest…HERE
