And you thought we had issues? Greece Unemployment Rate announced today as 27.5%... Wonder what participation rate that is based on? This is typical of the Western Financial Elite Contraction Strategy. This Unemployment in Greece and other southern European nations is a direct consequence of this strategy which has been necessitated by the lack of incremental production in Crude Oil. If the Banks actually cranked up the loans and increased the supply and velocity of money to normalise employment and economic growth - Crude Oil would be north of $200/bbl due to the in-elasticity of the crude oil supply - which would have sent gold well over $2,500/Ozt - which would also have telegraphed the end of the USD / Fiat global monetary system... Hence they dupe us into thinking that everything is still all right - but it is not all right - because as we enjoy our Fillet Steak and Red Wine in the more wealthy western nations - many in Southern Europe are eating bread, butter and drinking water. This problem is SYSTEMIC - and unsolvable... In fact as the crude oil production capacity envelope collapses over the coming 5- 10 years - this financial, economic, societal, and geopolitical structure will also collapse into resource wars and misery. Got Gold & Silver? because it is the only thing that will save you and your next door neighbor (who you will need also to help protect your own interests)..
Posted on: Thu, 06 Mar 2014 10:39:43 +0000
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