Sprott: Central Bank Gold is Likely Gone

From USA Watchdog:

Sprott’s analysis shows a “flat supply” and at least a “2,500 ton net increase in gold demand” since 2000.  “Where’s all the gold coming from?” asks Sprott.  He says Western central banks “. . . keep supplying this market with product in order to keep the price down so nobody knows how vulnerable the situation is.”

Related: The Emperor Has No Gold

Ron Paul’s Farewell Speech to Congress

If we had more politicians like Dr. Paul, disastrous events such as the housing bubble and Iraq & Afghan wars could have been avoided. Here’s a clip from 2001 where he warns of the developing real estate bubble.

Faber: US, Europe Getting Closer to Revolution

Key talking points:

  • Borrowing for consumption purposes is counterproductive, borrowing for infrastructure can be a good thing.
  • Within 5-10 years the [Western] “system breaks”.
  • Asian crisis was unlike next Western one will be, due to “new Keynesian” response.
  • Most Fed members make Bernanke “look like a hawk”.

More at Marc Faber’s site, www.gloomboomdoom.com.

The Onion Gets it Right on Health Care

The Onion nails it again:

health care via the Onion

Related: took my son to a dermatologist appointment last week. Insurance was balking, so we thought we’d have to cough up the $930 originally quoted. Turns out the cash price is $150…

Unintended consequences of Obamacare will reverberate through the economy for decades. In an extremely negative way.

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