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| New Gold Standard, But It "Ain't Money" Says Dr. Deficit |
Unfortunately, McDonald's "hiring day," which the MSM spun as a positive event for the economy, really should be another warning signal that the economy is no longer on the brink, but rather now falling off a cliff. Why? Over 1 Million people applied for hamburger flipping jobs, yet only 62k jobs were available. That leaves 938,000+ people still searching for hamburger flipping jobs. During "normal" economic conditions, it would have been difficult to find 6k people to fill those 62k McDonald's jobs. You figure it out. (FYI- Our GEES scale is fluctuating between mid 6 and high 6, once again. What is this signaling? Higher gold prices and further global instability, most likely.)
The ongoing talks about "Eurobonds" that are to somehow magically save the whole global economy from collapse, are just as we suspected, nothing but talk, as the German magazine Der Spiegel points out. We know, the German people will not take too kindly to the notion that they will be paying through the nose for the next 80 years just to save a few little PIIGS. Is it worth saving the EU? Expect mass unrest if Angie says "Ja!," and market turmoil if Angie says "Nein!" Either way, the global economy is headed to the dumper.
Speaking of dumps, it looks like the German economy took a big dump, as ZeroHedge explains in detail. The bottom line - The German economy has just about halted to a complete stop and a recession is looking likely. Now, if the world's strongest industrialized economy is coming to a full stop and rolling backwards in some areas, how exactly, Mein Herr, is Germany going to save the PIIGS? Answer: it won't. Insert Dr. Deficit's solution: print more money. Logical reaction to Dr. Deficit's solution: gold. Which is why the demand is so strong - $1776 (Ja!) and climbing higher. There is no way out for Dr. Deficit and Co.
Speaking of gold, the prototype of the "Khalifa Coin" will be presented to the public next Monday. The gold Khalifa coin is "to be established in the Arab world as its official currency." Dr. Deficit, what did you say about gold not being "money?" Oops. Remember they wanted gold for oil and not fiat? Gee, you wonder why?
Anyone interested in real estate (the five people on the radio trying tell you that "the real estate market is red hot!") might want to read up on what we predicted months ago before the good doctor began fiscal suicide. In short, your "housing recovery," won't be for another decade... or five.
Sorry to be the bearer of more bad news, but Shell Oil is reporting a massive oil leak in the North Sea a' la, the BP gulf major catastrophe which is still ongoing. Should be good for the economy, as all disasters are bullish for the markets. Right, CNBS?
As we have reported since day one, the Dr. Deficit printing plan is a total failure of epic proportions. One unintended consequence, is the giant wealth gap it has created, which is a clear signal that not only is the world on the verge of total economic collapse, the world is on the verge of societal collapse as well. As Reuters highlights, Saks 5th Avenue is experiencing strong growth, while Wal-Mart is seeing more and more people using food stamps. Two ends of the spectrum and as we speculated, it's the wrong side that is growing. Expect social unrest, flash mobs and general anger.
Finally, let's talk Fukushima for a minute. Everyone needs to start paying attention to this ongoing and escalating global disaster. To the people 5000 miles away that think they are safe and cozy from Fukushima radiation, think again. A "rogue citizen" armed with a radiation monitor in Toronto, Canada did a test 2 days ago after it rained. He discovered the the radiation amounted to 20,000 cpm/sq meter of alpha/beta particle combinations. God only knows which one(s) of the dozens of radioactive isotopes Fukushima is spewing around the world the test is detecting.
In California, researchers have just published an article that showed they discovered the highest levels ever detected of radioactive sulfur in the weeks following the events at Fukushima. Why this is just published now should be obvious.
It seems the slow death of the people of Japan has already started, as this article is leaking to the public. A volunteer who has been helping animals 20km from Fukushima has died suddenly of acute leukemia. There are not many details and the article says the media is not reporting this event (for obvious reasons) but Strontium 90, which has been spreading all over Japan is a cause of leukemia. Also, the same article mentions a 32 year old woman who was a co-founder of "Save Fukushima Children in Toyama" suddenly died of acute cardiac infraction - the cause of which is Cesium. Very disturbing to see this already, but we warned everyone back in April to prepare for this. We're afraid this is just the beginning, as the 5-8 month time frame placed on victims begins. The ongoing events in Japan need to be monitored and is far more important than money.