JDH Said......
“My point is that people receiving government help don’t even realize it.”
A couple of pensioners were complaining about the UK benefit system on TV fairly recently. The government does “nothing” for pensioners they complained. Why don't we get any government help or benefits?
When things like this were pointed out to them....
http://www.laterlife.com/retirement-c5/special-offers-discounts-concessions-public.htmThey hadn't realised that they actually do receive government benefits after all.
Even though I like this publication, this is not intended to be a plug for it...........http://www.moneyweek.com/shop/issues/545End 'extend and pretend'
The biggest threat to the global economy today can be summed up in one word: ‘debt’. There’s Europe of course, where the list of countries on the hit-list gets longer by the day. Never mind Greece or Portugal, the cost of Italian borrowing is now rising inexorably into the danger zone.
But it’s not just Europe. In the US, politicians are turning a debate over their artificial debt ceiling into a potential disaster for the US Treasury market. Even China, the superpower-in-waiting, has a wodge of bad loans to sweep under the carpet. As the central bank tries to tackle inflation by raising interest rates, China’s commercial banks are sitting on lots of infrastructure loans made during the investment binge of recent years, which are now likely to turn bad.
Why did we build up all this debt in the first place? You need look no further than Britain’s example for the answer: to keep the people happy. Low interest rates fuelled a consumer boom that kept house prices rising and home-owners cheerful. Meanwhile, government spending bribed voters who might otherwise have lost out, with a vast expansion of state-funded jobs and welfare benefits.
GOLD/SILVER/OIL.......Lindsey Williams.
End of August. Pencil in Gold/Oil to.............. woosh........Rocket.
http://geraldcelentechannel.blogspot.com/2011/07/lindsey-williams-gold-going-to-at-least.htmlJason Hommel.
http://news.silverseek.com/GoldIsMoney/1309983136.phphttp://silverstockreport.com/2010/doj.htmlAnything that has been manipulated (and nothing has been manipulated more than silver) will always unwind at some point, and when it does.....woosh......Rocket (super fuelled).
I'll just accumulate on pull backs until then.
ATB
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