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The Wheels Are Coming Off In Cyprus – This Is Bad News For the U.S.
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
truthingold.blogspot.com / By Dave in Denver / April 12, 2013
If you want to discern the next big turning point in the tide of global affairs – look as far away as possible from the present seats of global power - The Privateer paraphrasing Felix Dzerzhinsky, Lenin’s head of the secret police and expert global affairs analyst.
As The Privateer’s Bill Buckler points out, “Cyprus now is a valuable window into what the world is going to face at some point in the future.”
It was announced that the size of the bailout for Cyprus is now 23 billion euros. That’s up from 17 billion euros. Originally it was set to be 10 billion euros. While most people could probably care less or fail to see the relevance, the fundamental banking problems that got Cyprus into trouble are the very same banking activities practiced by all big banks globally – and to the extreme in the U.S. and Europe.
The amazing thing is that no one even flinches at the fact that the Federal Reserve is currently printing up and injecting $85 billion per month into the U.S. financial system – 110 billion euros, or 4 1/2 times the amount of the Cyprus bailout on a monthly basis . So you have to wonder what’s going on beneath the well-polished veneer of economic reports being fed to us by the mainstream media.
It just so happens that I have some data that shows the U.S. economy is falling apart:
Retail sales for March were reported today: off a cliff – unit volume sales seriously declined if nominal sales were down .4% and .2% after gasoline is stripped out. January retail sales revised from +.2% to negative .1%. The consumer is disappearing.
Thanks to BrotherJohnF
2013-04-12 12:32:54
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