A few years of ago, two businessmen were caught in Italy holding Federal Reserve bond of 1934 worth hundreds of millions of dollars. Many thought that those are fake.
But they are genuine according to those businessmen. And they claimed that their clients have note paper with face value of tens of billions of dollars, as exchange of their gold many decades ago.
They claimed that those bond should be worth hundreds of billions or even trillions after you add the compound interests.
Now they demand full repayment of principal and interests in gold from Federal Reserve.
I think that that is why Bundesbank wants their gold back and China has purchased thousands of tons of gold during the past years.
CNBC online has posted this news a few months back. Then the next day, the kids of the VP in charge of online news were murdered. CNBC has since taken down that piece of news.
Something is brewing .... If you want to dig for yourself, search "Financial Tyranny".
Q1 GDP might be slightly positive despite the hikes in payroll tax. Any the $60 billion Sandy rescue fund almost offset all the revenue from hiking income taxes on people who earn $400K annually.
So we should be looking for another $1 trillion deficit this year. By Jan 2014, we should see $17.5 Trillion as the total national debt.
It looks like that we are going to have another $1 trillion deficit this year. The recent negative GDP growth figure is worrying because mounting debt plus slow or negative growth will lead to disaster in USD in the future.
The hoarding of global by major economies and persistent wars in oil rich regions are indicators of battle over the survival of the world reserve currency since WWII -- USD.
We do not know how those wars will end, but we are sure that by 2020, the total sovereign debt load of US will be at least $20 trillion, probably $22 trillion. By then, any real economic growth will be unlikely, if not impossible.