Wednesday, July 27, 2011

Weather Forecast Wednesday- Stormy With a Chance of Economic Chaos; Durable Goods, Not So Durable; Delta Airlines Net Income Drops 58%, Goes to Plan F; Credit Suisse Cutting 2,000 More Jobs; Fed's Beige Book Turning Brown; Radiation is Not Healthy For You; More

And now, today's weather: stormy with a chance of economic chaos. High 14.294 Trillion. Low -127.89 Trillion. Ultra Violent index 9.7. People are urged to seek shelter in gold and silver.

The economic storm clouds have been gathering for some time now, but because they have been lingering for so long, people have grown accustomed to the sight of them. And that is where the danger rests.

Today's June Durable Goods Orders plummeted 2.1% while inventories increased 0.4% to the highest level ever recorded. Demand down, inventory up - this points to a clear contraction in 2Q GDP and might put the U.S. back "officially" in recession. Oops. Then again, in the real world, we've been living in an economic depression since 2008 and now are entering the second leg of that depression so "officially" what they report "officially" doesn't matter one way or another.

Delta Airlines announced further cuts in flights as net income dropped 58%, which was blamed on higher oil prices. Now, they are planning for sustained higher fuel costs which they will pass on to the passengers. Delta gets an "F" for Failing.

Speaking of failing, another TBTF&TCTS bank named Swiss Debt Credit Suisse, is looking to cut 2,000 more jobs - which should be announced this Thursday. Keep an eye on that. On top of another wave of job cuts from the banksters industry, which we predicted three months ago.

Being that today we got a very late start, we're able to incorporate the Fed's Beige Book of inactivity, which showed "the economy" (or whatever remains of it) slowed down, ahem, more than "expected." Eight out of 12 regions experienced contraction and all of it was blamed mostly on Japan. Well, that and floods and droughts. Oh and maybe some snow for good measure. Don't bother wasting your time reading the 40 pages of blah, blah, blah when we can summarize it for you in two words - crumbling economy. Next.

As the drama in Washington roars on, we see gold and silver going up, up and away. More and more people are catching on to the fact that fiat currency is worthless. Now, combine what we predicted three months ago when we said the Comex is dry on physical, and it's setting up to be a long hot summer for those holding fiat and no gold.

Finally, as the financial world continues to burn and crumble, we present to you a video that proves what we have always known - radiation is not healthy for you. Take that, Ann Coulter.


  1. "This doctor is quoted as saying, “The effects of radiation do not come to people that are happy and laughing. They come to people that are weak-spirited, that brood and fret.”"

    ...cant make this stuff up....

  2. I look at it this way... For centuries now, man has done everything he can to destroy, defile, and interfere with nature: clear-cutting forests, strip-mining mountains, poisoning the atmosphere, over-fishing the oceans, polluting the rivers and lakes, destroying wetlands and aquifers... so when nature strikes back, and smacks him on the head and kicks him in the nuts, I enjoy that. I have absolutely no sympathy for human beings whatsoever. None. And no matter what kind of problem humans are facing, whether it's natural or man-made, I always hope it gets worse.

    George Carlin