They are called the American taxpayers thanks to the unlimited power of the Fed
That is a concern. First thing is never invest in anything accept physical gold. You must have the gold in your possession not have a company holding it for you or buy gold "shares" or anything else - you need the coins or bars in your hands. In the 30's the government did not confiscate collector coins so that maybe a good way to buy gold but I doubt it . When they say turn it in this time they will want all of it for the "emergency" that they gin up. IMO the best way to buy gold now is as under the radar as possible. Cash transactions with local dealers and collectors. The E-bay sales and anything with your name on it is a bad idea. I like rolls of silver. Easy to get and they will be worth plenty for trade. Don't forget the ammo it will be currency as well.
The IMF is 45% funded by the Fed. The Fed is some shadow government that has the power to print as much money as they want and give that money to whomever they choose. They can give it to companies owned by their friends like Solyndra or Banks owned by their friends like Goldman Sachs or their friends in foreign companies,banks and governments. They are not elected oficials and cannot be audited. They can refuse to answer questions from Congress or provide documents to Congressional committees. This should end well.
Biggoofer is mostly correct. Electricity CAN be stored but not efficiently. The Germans are keeping some Power Plants offline or "in reserve" for peak demand. The lack of storage capacity is the folly of solar and wind power. It gets dark and sometimes the wind doesn't blow so Power Plants must be built to fully handle the peak loads when the solar and wind plants are offline making the solar and wind plants expensive toys.
Drill here, build the pipeline and let the rest of the world swing it out.
Our corrupt politico's won't build a fence because it would disrupt California and Central America"s largest industry the drug trade. As much as I do not like the Mexican and Cental American Indians illegals streaming across our border I would not trade them 100 to 1 for African Muslim illegals YuCK
Huge mistake trying to nation build over there. It cannot be done in this century and sure as hell not by us.
Its a money train plain and simple.
I find it really funny that the Greek Central Socialist government is really pissed off that a larger Euro Central Socialist government is demanding control over them or they cut off the money. What happens when the Germans rightly demand control of the entire European Union or they cut off the money. What happens when the Chinese demand control over US or they cut off the money?
Its not going to be pretty. Especially for you city folks with no second ammendment rights.
Agree - its a populist solution - just like Obama here. We are borrowing well over a TRILLION dollars a year to buy Democrat voters. We have open borders and a 50% increase in food stamp recipients and free health care on the books.
Real unemployment the highest since the 1930's - overpriced housing market with wages falling. Food and energy prices soaring while the government pisses away billions on ethanol, green research fantasies and their friends solar companies.
Evey move we make and every communication device we use is monitored. Every bank transaction,e-mail,blog posting,gun purchase,web site visited all archived by our "elected" officials in the central government.
Even if/when the Euro crashes the dollar will be in the same mess and the call for Global currency (government) will be screaming from every mass media outlet in the world except (hopefully) the internet where all dissenting bloggers will be on record. WE can now LEGALLY be sent to Gitmo without a trial FOREVER.
Have a nice day!!
Keep repeating the same experiment expecting different results. I am not surprised when the italians and Greek do it. I am a bit surprised when the French do it because the are really taxing themselves to pay for the Italians and Greek,
The problem will be solved when this "Trickle up Poverty" reaches Germany.
The German people are not going to subsidize the EU southern welfare states any further. Why should they? EU is done - insert fork
I rarely see any mention of Italy's huge gold reserves. They are in the top ten in the world. If I were a Euro taxpayer I would be screaming for them to sell 100 tons or so. Yes I said 100 tons - i believe they have around 400.
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Contraption