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)
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
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%.
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
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
More from Barracuda
Were Doomed: Full On War In Israel, 2nd Great Depression Looms, Inflation Fears Are Growing, Imminent Bank Run, Inevitable Civil War, Secession Movement Explodes, And Obama Is Building His Own Massive Civilian National Security Force! GET PREPARED
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