Economy

(MyBudget360) – 40 years of housing data – U.S. homes still too expensive for typical families. In 1970 the median home could be purchased with 657 ounces of gold. Today, it only requires 155 ounces. The erosion of the U.S. dollar – Read More Here

(RedState) – New taxes and new definition of your income under Obamacare

Here’s how your income will “increase” and so will your taxes, under the new Patient Protection and Affordable Care Act, or health care reform/Obamanationcare.
(Also, you should know that the DOJ is defending against the the 20 states’ suit against the above Act, saying it is a TAX, and Congress has the unlimited right to tax you for any reason.) Read More Here

(Telegraph) – £7billion a year skimmed off our savings

More than £7.3billion a year is being “skimmed off” the value of Britons’ savings by City bankers and fund managers, an investigation by The Daily Telegraph has found. Read More Here

(EconomicPolicyJournal) – Very Curious Activity in the Gold Bullion Market Leads to Speculation that Banks are Short Tons of Gold

Huge gold swaps have recently occurred between the Bank for International Settlements and various banks in Western Europe and the United States. Bankers are attempting to play this up as “business as usual”. However, the gold swaps that have been conducted lately are recording breaking in size, as far from “business as usual” as you can get. Read More Here

(GlobalResearch) – “Let Them Eat Cake”: A handful of oligarchs are becoming billionaires while the rest of the country goes down the drain – Read More Here

(CNBC) – Marc Faber Questions if Dow Could Hit 1,000

In the August edition of the ‘The Gloom, Boom & Doom Report’ Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter, based on his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic trends. Read More Here

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