Cliff Küle's Notes:

Cliff Küle's Notes Your daily CONSOLIDATOR of the most insightful WEB presentations on the subject of MONEY .. The Ultimate Confidence Game .. How our Monetary System works for the benefit of some .. at the expense of others.

Eco-Friendly Mattresses We're committed to presenting a line of sleep products that have a minimum impact on both your pocketbook and the environment. Visit us today! From our sponsors

(Untitled) Oct 13th 2013, 00:06, by noreply@blogger.com (Cliff Küle) Dr. Marc Faber* The U.S. Is Likely To DEFAULT Through A Steep $ Devaluation [Cliff Comment: $ Devaluation Is Not Technically A Default! .. just like it is not technically a fraud when the government sanctioned bond raters defrauded everyone by giving 'AAA' ratings to junk bonds .. or as Maria Bartiromo says to millions of people: 'What AIG did was not fraud' even tho AIG sold tens of billions of $ worth of insurance (that was not 'technically' insurance) fraudulently having no funds reserved to make good on their contracts .. Just as The IMF has 'technically' made gold swaps & loans (receivables) the same thing as gold bullion (physical) when the only way that makes sense is if you believe in ENRON accounting .. or the banks 'technically' claim to have repaid taxpayers for TARP when reality is that such a claim requires accounting skullduggery. The point is that it really is a MAD world when someone has the power to corrupt the language & the laws to their benefit .. so that Debauching the $ is not DEFAULT, but it is. Now, is that perfectly clear?]    Dr. Marc Faber on the Federal Reserve's balance sheet, gold, the U.S. debt ceiling .. on whether or not the U.S. can use its gold to help pay down the debt: "Many people question whether the U.S. Treasury has any gold left" .. suggests the Federal Reserve could just print money & lend it to the U.S. Treasury .. sees the U.S. defaulting through a sharp depreciation of the currency & a loss of confidence .. 4 minutes Watch the latest video at video.foxbusiness.com

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions