Just as I anticipated: Platinum Climbs to a 16-Month High, Extending Premium Over Gold. (I hope that some of you took my advice last October and bought platinum when it dipped below the price of gold.)
Bob Bauman of The Sovereign Investor recently reported some “voting with their feet” news: “In 2009, when the Labor Party in the U.K. raised the top income tax rate to 50%, two-thirds of the country’s 16,000 £1 million earners disappeared from British tax rolls. In 2010, HM Revenue and Customs reported only 6,000 remained. Rather than increasing revenue, the tax actually cost the U.K. £7 billion ($11 billion) in lost tax revenue.”
Chris Martenson: QE for Dummies
Items from The Economatrix:
Global Economy Living Off Fed’s Gravy Train
Peter Schiff: Economy “Stuck In Serious Recession”
CIA Advisor Warns of “Financial Weapons of Mass Destruction”