The NEW YORK TIMES is reporting that the worldwide economy
is on the precipice of collapse under the weight of trillions of dollars in
toxic loans, somewhat akin to what happened in the U.S. in 2008. For years, the Fed and other central banks
have poured trillions in easy, low-interest money into the world economies, and
now many of those loans are about to go bust.
Such toxic loans around the world could take down the global
economy.
COMMENTS:
Buy gold today. Buy
gold and send it to me for safekeeping in my basement. You’ll be glad you did, and so will I.
TODAY’S QUERIES & ANSWERS:
Q. What’s the ruckus about an Air Force General
fainting? (Julie ~ Issaquah, WA)
A. General James Martin Jr. was at the podium and about so speak
regarding the proposed military budget when he had a dizzy spell. Evidently, this humongous amount of money
that Obama wants to spend has even the military heads spinning in embarrassment. But, fear not; Congress will pass it.
Q. What is SWATting?
(Horace ~ Phoenix, AZ)
A. It is a technique being used mostly by the anti-gun movement,
but also by IRS scammers, where they call 911 and claim there have been
gunshots or that there is violence going on at some innocent victim’s address. The cops show up in force, usually with a
SWAT team, and the unsuspecting gun owner or the non-compliant IRS scam-target
take the brunt of it. Scary, isn’t
it? Whatever you do, don’t tick off a thug.
Q. I hear Ted Cruz is making every effort to antagonize
Donald Trump, as if Cruz was the only guy in the country who can stop
Trump? (LaVerna ~ Colfax, CA)
A. Cruz has called Trump out, saying, “It’s me vs. Trump at
this point.” Look for some wild action
on the streets of Tombstone, Arizona in the near future. Doc Holliday is probably rolling over in his
grave as you read this. My God, man! Hasn't Cruz ever heard of John Kasich?
TODAY’S QUOTE:
“It’s time we passed a balanced budget amendment and return
this government to limited spending.” ~ Newt Gingrich
TODAY’S VIDEO:
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