I couldn't bring myself to listen to Obama yesterday evening. Seriously. The guy is so full of shit that he defies belief. He has zero credibility. Even the Wall St. Journal has given up on Obama. http://online.wsj.com/article/SB10001424052748703730104576260911986870054.html?mod=WSJ_Opinion_LEADTop
Unemployment claims went up drastically this week- following a mandatory upward revision from last week. Producer prices were higher than anticipated. Gold and silver were up. http://www.zerohedge.com/article/jobless-claims-huge-miss-expectatons-380k-print-412k-previous-revised-upward-ppi-higher-expe
Let me state two obvious things. When Obama talks about "future" cuts- this is patent bullshit. Not only is he kicking the can down the road but future politicians are not bound to obey any guidelines or legislation. They find ways around that. The only legitimate way for Obama to gain credibility is to end his rhetorical bullshit and actually CUT deficit spending. Come up with a project for reducing existing debt NOW.
That's why I can't listen to this guy. He is just full of shit and worthless. At a time when this country needed a leader- they sent this guy. What a disaster. Wirecutter pretty much nails it in his own beautiful way. http://ogdaa.blogspot.com/2011/04/are-you-fucking-kidding-me.html
Erin Burnett called the IMF and world currencies a Ponzi Scheme this morning on CNBC. I heard it.
Gold and silver. Winning.