Kerry Lutz's--Financial Survival Network

Manipulation Mondays with Andrew Hoffman

• Jobs report crap;
• Hard data versus diffusion indices;
• Unemployment rate;
• 2.0 inflation rate;
• Spreading unrest around the world and inflation exported by the Fed;
• Increasing anti-dollar talk by France and Total;
• European Banks starting to fall;
• Banks runs in Bulgaria and Austria;
• India and Gold Swap and regulation changes.

Just as expected, the holiday is over and as predicted the expected precious metals raid came right on schedule. But nothing much happened. Precious metals raids just aren't what they used to be, like so many things today. 

As incomes stagnate and prices rise, a growing number of Americans face a tough choice: either descend a couple of rungs on the lifestyle ladder or borrow to keep it together. Many are apparently choosing door number two.  "Americans are getting into debt to afford food, gas.Nowhere has the unequal nature of the post-banking-crisis recovery raised more concerns for the long-term sustainability of the U.S. economy than in the clear rise of non-discretionary consumer credit. While the “haves” have fully returned to their pre-crisis behavior of paying for everything from higher education, cars and luxury homes with cash, and fully leveraging their investment portfolios, the rest of the consumer sector has changed dramatically over the past six years."