The Ruh Roh! Report for The Week of April 8th, 2011

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Norman Bauer

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Apr 9, 2011, 7:59:29 PM4/9/11
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THE LIST

1. VICTORY! is the headline and I concur. Finally I can bring you some good news for once. http://www.cato-at-liberty.org/victory-supreme-court-upholds-education-tax-credits/

2. And more good news. Rep. Paul D. Ryan The GOP's Path to Prosperity is a breath of fresh air. Someone is actually proposing something that will fix the problem. I just hope it is not to late.


4. NIA put out another stellar article on inflation - the third parpagraph reads as follows "In the month of March, the U.S. government spent more than eight times its monthly tax receipts, when you include the money spent for maturing U.S. treasuries. The U.S. treasury netted $128.18 billion in tax receipts during the month of March, but paid out a total of $1.05 trillion, which included $49.8 billion in Social Security benefits, $47.4 billion in Medicare benefits, $22.58 billion in Medicaid benefits, and $37.9 billion in defense spending. However, by far, the U.S. paid out the most for maturing U.S. treasuries, which equaled $705.3 billion."

It continues ".... Plus, China appears to be becoming more reluctant to continue buying U.S. treasuries, and is positioning the yuan to be the world's new reserve currency...." something we have reported on here on TRR!R. 

5. But if #4 has you worried, don't be, because Spooky Dude George Sorros is here to help himself...eehmmm I mean... you with Bretton Woods Part 2  - ruh roh!  oh and here is Fox News' report on it as well 

6. If I were an Illinois State employee I would be a bit worried about my job after getting this news - BoA has cancelled IL credit cards

7. Look Ma! We are Terrorist! - A Day in The Life of a Homegrown Terrorist

Video of the week 

Gerald Celente is PISSED and he tells it like it is. Have a look see for yourself. 
Former CIA Analyst catches two talking heads off guard. Close to the end of the interview is the comical stuff.

I am taking a hiatus this upcoming week, as it is Easter and I am also being Baptized and Confirmed in the Roman Catholic Church. It is going to be a wonderful week full of prayer and celebration. I am so excited. Until next, God bless you all.

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