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All Hell Is About To Break Loose October Year-To-Year Inflation At 9.8%, Banks Told By Fed To Test For 12% Unemployment, The Solution To The Fiscal Cliff Will Be Another Fiscal Cliff, And Half Of The Country Is Directly Supporting The Other Half Through Taxpayer Funded Federal Subsidies

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John Williams (ShadowStats.com) has October Year-to-Year inflation at 9.8%.
- Official Real Retail Sales Signal Recession
- Storm’s Impact on October Activity Was Mixed
- Official Real Earnings Sink to Four-Year Low,Down 2.7% Year-to-Year
- Annual Consumer and Wholesale inflation Continue to Rise
- October Year-to-Year Inflation: 2.2% (CPI-U), 2.2% (CPI-W), 9.8% (SGS)

www.ShadowStats.com

 

From Jim Sinclair:

Gold will trade at $3500 and beyond. The US dollar will test USDX .7200 before heading lower.

Whatever is required, be it time or money, the Euro nations will get. The Fed will, via swaps, backstop the euro. QE will go to infinity both here and there.

The Chinese have publicly said when the gold market takes a hit they will be buying.

Calm down. Emotions are being run by machines, HFT and nerds who hide behind their computer. They will not win.

All hell is going to break lose, and its name is Currency Induced Cost Push Inflation.

 

Banks told by Fed to test for 12% unemployment

from MarketWatch:

The Federal Reserve is asking 30 big bans to make sure their capital can withstand a deep recession in which the unemployment rate rises to 12%.

 

Forbes: Obama’s Real Unemployment Rate Is 14.7%, And A Recession’s On The Way——–

 

Half of U.S. families are on food stamps. Half of U.S. families live below the poverty line. Officially, half of the country is directly supporting the other half through taxpayer funded federal subsidies. They are expecting worse than this: http://www.usdebtclock.org/

Half of American Households Living on Government Benefits

from townhall:

Some astoundingly grim news on the “economic recovery” front: half of American households are receiving government funds to support themselves. No matter which way you slice it, this number isn’t good news for the Obama administration — they can spin the jobs numbers by ignoring the number of people who dropped out of the workforce, but this statistic is pretty straightforward.

The 49.1% of the population in a household that gets benefits is up from 30% in the early 1980s and 44.4% as recently as the third quarter of 2008.

 

Census: U.S. Poverty Rate Spikes, Nearly 50 Million Americans Affected

from CBS:


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    Total 7 comments
    • trouble8696

      Total Exaggeration … U.S has over 300 million population … say even if 49 million people being in Food stamp… is not… Half of American Households Living on Government Benefits…
      All hell is going to break lose, and its name is Currency Induced Cost Push Inflation < < < If America & Americans wants to stop …All hell breaking lose … STOP all wars, stop killing people all around the world , stop human right violations, control America's securities Agencies acting like Devil, Satan & Lucifer … Bring back all the troops HOME , close all Military bases overseas … Stop policing the World … mind your own business , correct your economy by creating Jobs … Instead of sending it overseas … for few years the living Standard might go down a little… but U.S of A have enough Depth , Talent, Resources & GOOD people to get back on its feet in no time … Underemployment rate is …say 12%… or even say 21 % , like the Alternative Media are projecting … That's not 1/2 of the Population… Exaggeration of any kind doesn't help…whether its by MSM or Alternative Media… Now cool down , Relax & have a Decaf… :lol:

      • trouble8696

        unemployment rate … oops … O sorry folk’s … :lol: ….

      • Carlos

        Genius, from your post it is clear that you are ignorant and most likely schooled in the Public School System. You are wrong on so many levels that it would take over an hour to respond to each point. It is people like you that have put Obama back in power most likely because of the lack of your education. Please stop posting this propaganda. :twisted:

    • Anonymous

      If the United States population is over 320 million persons, and 47 million of them are on foodstamps, how does that equate to “half”. Half truths and misnomers seriously dilute this otherwise intriguing article. :lol:

      • Goldfinger

        Its nearly half of working adult families the wife gets the stamps and the father drinks it away while the children starve on twinkees……well use to starve on twinkees :shock:

        • Goldfinger

          Yea and let me explain the math for you verage family 2.5 kids and 1.65 parents thats 320 million divided by 4.15 X 50% plus .28.3471% singles equals roughly 50% on foodstamps give or take a little

    • Pateriot

      All you have to do to see a deep recession or even a depression is to stop pumping 1 Trillion Dollars of borrowed money and hundreds of Billions of printed money into the economy. That has been about all that has kept us out of one so far for the past 4 years. Of course we will eventually see one. How deep and severe it is will depend on how bad off the government is. We are now 6 Trillion more dollars in debt than we were 4 years ago, have badly debased our dollar. We are also in a far weaker position in the World then when Obama took office… but hey, it got him re-elected. Nothing else mattered!!!

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