Gold and Silver's Explosion

whether gold and silver are a proxy for fiat currency or not, many see them that way and history validates the idea. For this reason the ascent in the price of both is stunning commentary on the dollar especially, since it is the world's fiat currency. If the dollar fails, are you going to trust some other currency managed by some other group of corrupt officials?

Gold: 'This is the perfect storm' - Apr. 8, 2011: money.cnn.com/2011/04/08/markets/gold/index.htm
http://chum.ly/n/806d0f

Portugal's Bailout Grows

This is just one of many surprises for these bankrupt states. Just as here, "The country's hard left is already getting ready to battle further cuts". The increased funding will go to keeping public-private enterprises going, keeping the statist problems alive and well to drain the economic life until the next crisis hits. In a free market, inefficiency dies, is statism it grows as the solution is always more funding for institutions that can't balance their fiscal loads.

Hidden state debts may push Portugal bailout to €90bn | World news | The Guardian: www.guardian.co.uk/world/2011/apr/07/portugal-hidd...ilout
http://chum.ly/n/7ffcea

Post from greshambouma at CHUMLY

Even an economist at CNBC, owned by GE, bailout object of the federal government is breaking ranks and warning of the obvious. But just as is making the news on Portugal today, the debt is much larger than advertised due to a lack of full disclosure about sub entities of the state. The news is always biased to minimize the debt or deficit spending. For instance deficit spending is always expressed as a percent of GDP instead of compared to total tax receipts. Our deficit spending might be around 10% of GDP, but more importantly, last year we spent about 67% more than we brought in as receipts. It is entirely meaningless to compare a private companies expenses to gross sales instead of income, yet that is the quality of government financial reporting, always biased to obscure the problem.

US Deficit Spending: US Going Same Route as Greece, Portugal: Economist - CNBC: www.cnbc.com/id/42452207
http://chum.ly/n/7ffcd7

Mark Faber Bernanke Murdering the Middle Class

Like a junkie, America must expand its money supply to keep the game going, but in doing so it cannibalizes itself financially since the feds program of money expansion is the largest theft in world history. Stability and wealth in society come from individuals being able to create wealth and further build on what they have created. When individuals thrive, society thrives. To do that requires a sound, stable monetary system, something you don't get when the elites control and manipulate the supply.

My Blog: kingworldnews.com/kingworldnews/KWN_DailyWeb/Entri....html
http://chum.ly/n/7f8b74

Soros "we need a global sheriff."

This man funds 1,200 politically active organizations and wants to centralize power worldwide. He organizes a conference to reform the global financial system with many of the media elites involved and the media treats it like a non-event? His own organizations are silent? Can this man who helped destabilize countries a number of times have our good in mind?

Unreported Soros Event Aims to Remake Entire Global Economy - WSJ.com: online.wsj.com/article/SB1000142405274870447190457...soros
http://chum.ly/n/7f87ec

The most predictable economic crisis in history

This short article is spot on. The debt we have accumulated is not just a problem for our grandchildren, we are in the middle of a debt crisis brought on by unsustainable levels of debt and fighting it with more debt. Debt level charts show that we are in a classic blow off phase. Since debt is a proxy for currency, the money supply, broadly measured has gone ballistic. This is all an inevitable result of fractional reserve banking and fiat currencies--the complete lack of discipline that they foster.

March Madness: U.S. Gov't Spent More Than Eight Times Its Monthly Revenue | CNSnews.com: cnsnews.com/news/article/march-madness-feds-spent-...-time
http://chum.ly/n/7ebe9d

Forbes article explains roll of fiat currencies

Fiat currencies allow governments to simulate creation "ex nihilo", but its not creation, its theft.

To Lower The Debt Ceiling, Fix The Monetary System - Rich Danker - Next Economy - Forbes: blogs.forbes.com/richdanker/2011/03/30/to-lower-th...ystem
http://chum.ly/n/7dfea8