An awful lot of mad arabs out there, like in Yemen -
Turmoil in the Arab world linked to an American-made video denigrating the Prophet Muhammad spread on Thursday to Yemen, where hundreds of protesters attacked the American Embassy, two days after assailants killed four Americans in Libya, including the ambassador, and crowds tried to overrun the embassy compound in Cairo.Tunisia -
American flags were also burned in Tunisia, outside the US embassy in the capital, Tunis.Cairo (Where the marines are sitting ducks) -
Egypt's Islamist president said on Thursday he backed peaceful protest but not attacks on embassies after Egyptians angry at a film deemed insulting to the Prophet Mohammad climbed into the U.S. embassy in Cairo and tore down the American flag.It's almost like, the Arabs are being unleashed, just after the 11th anniversary on 9/11. Hmmmm, what an odd coincidence. (See the Religious War series for clarification) Of course, we have an election coming up and the Bernank just announced a new open-ended round of printing -
The Fed said it will buy $40 billion of mortgages per month in an attempt to foster a nascent recovery in the real estate market.As we said in January-
The purchases will be open-ended, meaning that they will continue until the Fed is satisfied that economic conditions, primarily in unemployment, improve.
"There's strong hints that they'll do Treasurys next," Joe LaVorgna, chief economist at Deutsche Bank Advisors, said in a phone interview from London. "They're pulling out all the stops to try to get this economy to gain some traction and, most important, to get unemployment down."
US Dollar officially goes inflationary. Printing comes in one form or anotherWhat does this mean? It means that the Fed is just about finished and the US's economic end game is squarely in view. The Fed is 'paying' for things by robbing you of your purchasing power and they've just signaled that they want to be able to steal at will.
Naturally gold and silver have taken off like a rocket, as has the stock market. The liar Romney reportedly told Ben not to do it, but I have an incredibly difficult time believing that an individuals that's cut from the same cloth as his predecessors would choose a different option. It's always easy to say you oppose something and would change everything (See Obama on Gitmo), but actually doing it is a far different beast altogether.
But before the fated Phoenix can rise, first everything must burn.