$164.4 billion, the largest deficit ever recorded for the month of November

$164.4 billion, the largest deficit ever recorded for the month of November

www.breitbart.com

Dropping tax revenues from recessionary pressures coupled with bailout madness is creating the largest Federal revenue shortfall in a November. Ever. That's according to Federal Budget crunchers.

(visit the link for the full news article)

And now we also see the percipitous climb in gold prices for the past week, which to me indicates two things:

1) Hedge funds are nearly complete in liquidating all their hard assets to cover their losses from investor demands and payouts. This also was a big reason for the oil price drops.

2) The smarter investors are now hedging against inflation. The key to watch is $900/ounce. If it breaks this ceiling, then all bets are off on to how high the price could get.

www.breitbart.com
(visit the link for the full news article)

This is not suprising we are spending our way into the poor house. Check out this factoid about the bailout.

The article is below



The summary is that this bailout has cost us more, INFLATION Adjusted, than WW2,WW1,All monies spent on NASA since its creation, Vietnam, Korean War, Iraq War, The New Deal, the S&L scandal, Afghanistan, the Marshall plan, the Gulf War, the civil war, the American Revolution, the war of 1812 and the Louisiana purchase, COMBINED!!!

That is stunning, outrageous, unbelievable, and damn it takes some freaking huevos to pull this off. ONLY IN AMERICA!!! God bless

This is not suprising we are spending our way into the poor house. Check out this factoid about the bailout.

The article is below



The summary is that this bailout has cost us more, INFLATION Adjusted, than WW2,WW1,All monies spent on NASA since its creation, Vietnam, Korean War, Iraq War, The New Deal, the S&L scandal, Afghanistan, the Marshall plan, the Gulf War, the civil war, the American Revolution, the war of 1812 and the Louisiana purchase, COMBINED!!!

That is stunning, outrageous, unbelievable, and damn it takes some freaking huevos to pull this off. ONLY IN AMERICA!!! God bless