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FSN: Another Step Higher?
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from TF Metals Report
According to plan, the metals are extending higher this morning. While this is fun to see, The Big Show begins tomorrow.
But tomorrow is tomorrow and today is today. Events this morning have been influenced by a couple of headlines, both summarized in these articles from ZH. First, a report from the Congressional Budget Office that the fiscal year 2012 budget deficit has reached $1.165T…and there are still two months to go!! http://www.zerohedge.com/news/us-august-budget-deficit-soars-192-billion-117-trillion-fiscal-2012. Again, I ask the question, from where is this money coming? The U.S. government, from November of last year through last month, has spent 1,165,000,000,000 more dollars than it brought in. Did, as politicians like to suggest, the U.S. borrow it fwom da wascawwy Chinese? Uh…nope. In fact, new Chinese purchases of U.S. treasury debt have nearly stopped. The slack has been picked up by the Japanese but, net-net, the “contribution” from these two countries is flat. http://www.zerohedge.com/news/presenting-shocking-source-us-treasury-demand-past-year
Continue Reading at TFMetalsReport.com…
2012-09-11 10:27:04
Source: http://silveristhenew.com/2012/09/11/another-step-higher-2/
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