Just as I anticipated: Platinum Climbs to a 16-Month High, Extending Premium Over Gold [1]. (I hope that some of you took my advice [2] last October and bought platinum when it dipped below the price of gold.)
Bob Bauman of The Sovereign Investor [3] 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 [4]
Items from The Economatrix:
Global Economy Living Off Fed’s Gravy Train [5]
Peter Schiff: Economy “Stuck In Serious Recession” [6]
CIA Advisor Warns of “Financial Weapons of Mass Destruction” [7]