First...
Moody's Downgrades Ratings of 30 Spanish Banks
Moody's downgraded the debt of 30 Spanish banks by one or more notches; however, left the ratings of the three largest banks untouched. In addition, the yield on Spanish 10-year government bonds was also virtually unchanged at about 5.18 percent. however like the other PIIGS (Portugal, Italy, Ireland, Greece and Spain), expect the interest rates to increase.
Next...
Fears Rise That Japan Could Sell Off U.S. Debt
U.S. Officials are becoming more and more concerned that Japan, the second largest holder of US debt, will be forced to get out to begin the massive recovery that must be undertaken. When asked if Japan's troubles could affect the US borrowing costs and interest rates, Little Lying Timmy said no. Of course, the Fed is ready to step in and monetize the US debt more. (Foreign Holders of U.S. Debt Table)
Next...
Will Central Banks Accommodate The Oil Price Shock?
Inflation rates are rising in the world's major economies. Central bankers can do nothing to prevent an increase in world oil prices from harming those oil-importing economies. Essentially, they can do nothing about the real world of supply and demand.
Next...
12 Warning Signs of U.S. Hyperinflation
From the National Inflation Association, here are 4 of the 12 warning signs of the forthcoming U.S. Hyperinflation.
- The Federal Reserve is Buying 70% of U.S. Treasuries.
- The Private Sector Has Stopped Purchasing U.S. Treasuries.
- The Fed Funds Rate Remains Near Zero.
- U.S. Faces Largest Ever Interest Payment Increases.
Get ready...
Next...
Commercial Real Estate on Borrowed Time?
Back in 2009 it seemed obvious that the next shoe to fall was commercial real estate. Well, government stimulus has delayed this; however, the stimulus is running out; thus, get ready for the next leg down. The liquidity created as the US monetizes its own debt is bypassing real estate and flowing into gold, silver, food and oil.
Next...
Caterpillar CEO's Letter Talks of Leaving Illinois
In a letter sent on March 21st, the CEO of Caterpillar is raising the specter of getting Caterpillar, that employs 23,000 people in Illinois out of the state. The people at Caterpillar must be so happy that Odrama actually singled them out as a success story of his policies.
Next...
Massachusetts Job Fair Canceled Because Of Lack Of Jobs
In a scenario that will be repeated in other areas, a job fair, in Massachusetts, was canceled due to lack of employers. They only needed 20 to 25 employers and could not get that. So much for our recovery.
Next...
As Adjusted Monetary Base Rises By Half A Trillion In 2011
Excess money reserves continue to go parabolic and will most likely hit $1.7 trillion by the summer. When QE3 comes into existence, we will begin to see something akin to the Weimar Republic scenario unfold before our eyes. So, if you have not started preparing, do so now. (Graph)
Finally,
Please prepare now for the beginning of the economic and social unrest. Good Day
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