‘D-Day’ Near For GLD

If you own GLD or think about investing in GLD it is a smart idea to read these two articles first:

• D-Day near for GLD
• The Seven Sins of GLD

According to the author Jeff Nielson of the article, "D" can stand for "Default"-Day or "Destruction"-Day. He is wrong about the date when D-Day will occur (he suggested 11/11/11), but his warnings are food for thought nevertheless.

Our Daily Poison

The autor Marie Monique Robin of the highly acclaimed full-length documental "The World according to Monsanto" has released a new work, again a full-length documental entitled "Notre Poison quotidien" ("Our Daily Poison"). The English trailer is available here. The full version is available in French (Notre Poison quotidien), in German (Unser täglich Gift - Wenn Essen krank macht) and with Spanish subtitles (Nuestro Veneno Cotidiano). Since "The World according to Monsanto" was such an excellent piece of work and investigation, I am very much looking forward to this new documentary released in January 2011. It will be another must-see documental!

Debt Simplified

These are some numbers from the US, but one can easily replace it with numbers from Greece, Italy, Spain, Zimbabwe, ... It is pretty clear that we are not addressing the problem, we are not even grasping it. (The $38.5 trillion number budget cut figure seems to refer to the budget cut deal that averted a US government shutdown in April 2011.)  (Source)

Some stats about the US government:

• U.S. Tax revenue: $2,170,000,000,000 
• Fed budget: $3,820,000,000,000 
• New debt: $ 1,650,000,000,000 
• National debt: $14,271,000,000,000 
• Recent budget cuts: $ 38,500,000,000 

Now, remove 8 zeroes and pretend it’s a household budget:

• Annual family income: $21,700 
• Money the family spent: $38,200 
• New debt on the credit card: $16,500 
• Outstanding balance on the credit card: $142,710 
• Total budget cuts: $385

Any questions?