Gold and What Moves it.
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A Cat-5 Debt Crisis is Coming Our Way! | Uncommon Wisdom Daily

A Cat-5 Debt Crisis is Coming Our Way! | Uncommon Wisdom Daily | Gold and What Moves it. | Scoop.it
The sovereign-debt crisis coming our country’s way will be a Category 5 financial storm. And Obama’s second term is entirely consistent with it.

 

by Larry Edelson:

 

"Obama’s policies of class warfare and fat tax increases on the job-producers and risk-takers in our country will tear our society apart by the seams.

 

"It will deepen the looming sovereign-debt crisis, and eventually destroy the U.S. dollar.

 

"The next eight months – before the crisis fully hits our economy – will be your very last chance to get your financial house in order.

 

"Fact is, I didn’t like either presidential candidate all that much. But Obama’s policy of instigating and escalating class warfare in our country, further dividing our society and blaming almost everything on the rich is just about the worst platform any leader can have.

 

"Just consider the history of class struggles and you will see what I mean. They almost never solve any of those problems. Instead, they often lead to terrible consequences.

 

"Nearly every one of the revolutions in our history was largely triggered by class warfare – blaming the rich, targeting them for higher taxes and, in many cases, literally chasing them out of their country. ..."

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A China Gold bar that rusts

A gold bar sold by China's state-controlled China National Gold Group showed signs of rust.

 

BEIJING(BullionStreet): A gold bar sold by China's state-controlled China National Gold Group showed signs of rusting, reports Beijing Times.

 

According to the tabloid, In October 2010, a man identified only by his surname, Shen, purchased what he believed to be pure gold product manufactured by China National Gold from a Beijing department store for 14,900 yuan ($2,400).

 

The bar was stored in a bank safe until Dec. 18, when Shen noticed that it had developed red spots and what appeared to be rust corrosion on the base. As the most non-reactive of all metals, gold should never rust unless it has been mixed with other metals or has been contaminated with additives.

 

On Dec. 24, Shen took the gold back to the store and was offered a refund once staff verified that it was the same item he originally purchased.

 

Shen refused, saying that all he wanted was an explanation. ...

Hal's insight:

LOL China not minting pure gold? LOL go figure.

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