First...
Oil Could Hit $200-$300 On Saudi Unrest
Continued political unrest in Saudi Arabia could cause oil prices to hit between $200 and $300. With oil now about $110 now, this means gas could easily go past $6 a gallon in the very near future.
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“Mortal Wound”: Japan Disaster Could Trigger Global Liquidity
Japan, which is the the second largest foreign holder of US Debt, is going to need liquidity to begin the monumental task of rebuilding. For the foreseeable future, this will make Japan, at the very least, neutral, on buying other countries debt. This could get very ugly very fast for those nations that have become dependent upon Japan buying their debt. In addition, Japans role in the supply of goods is becoming more apparent since components, that used to be taken for granted, are no longer available. It's a brave new world.
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The GOP Path to Prosperity
Paul Ryan proposed budget that is expected to make drastic changes in government entitlements and would cut $6.2 trillion dollars from US spending in the next 10 years. This is a great start to eliminating the debt... The only problem is that only comes up to about $600 billion a year in cuts. This falls way short of the $1.6 trillion in deficit spending in this year alone. To be serious, both political parties will have to get out the knives again and start cutting more. With the squabbling over 66 billion dollars, that appears very unlikely.
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Geithner Warns U.S. To Hit Debt Ceiling By May 16
Little lying Timmy stated that the government will hit its legal limit to borrow money no later than May 16th. He went on to say that default by the United States is unthinkable. Both the desperate Geithner and Benji Bernanke have said a failure to raise the ceiling could have "catastrophic consequences." Such as the end of US involvement in Obama bin Lyin's war on Libya. Wait that's a good thing.
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Obama Snatching Up Huge Tracts of Land
Obumer wants Congress to double spending to $900 million next year to a fund that is used to buy more property for the federal government. Currently, the government owns 635 million acres, or roughly three out of every 10 acres, with the largest chunk in Alaska. Gee, this sounds like the making of the next monetary standard in the making. The US will back up its money with land since the gold is most likely not there.
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When The Emperor has No Birth Certificate
In a same vane as the child in Hans Christian Andersen's "The Emperor's New Clothes," Donald Trump has called out
El Bammer has no birth certificate. As an expert on old official documents, Dan Rather may be coming out of retirement to get to the bottom of the Birth-er Issue.Finally,
Please prepare now for the beginning of the economic and social unrest. Good Day
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