The Real World News and Commentary – September 16, 2012

Eric, all of this is having the net impact of further destroying the middle class. Crude oil is nearing $100 a barrel, so consumers are going to get hit with higher gasoline prices. When you take a look at the CCI (Continuous Commodity Index), you can see the move higher across the entire commodity complex.

Grains were on the move, along with livestock, cocoa, coffee, all of these markets were moving higher because hot money was coming in, and speculators were chasing prices higher. There is enough of this money, which has been on the sidelines, that we could continue to see upward pressure going forward.

But people have to remember that wages are still relatively flat in both Europe and the US. The jobs environment in the West is dreadful. This means that the already stressed consumers in the West are going to be hit with another round of inflation at a time when they can least afford it.

So we will continue to see the middle class being wiped out on both sides of the Atlantic.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/14_Norcini_-_A_Violent_Wave_Of_Short_Covering_In_Gold_%26_Silver.html

Get Ready For An Epic Fiat Currency Avalanche

http://www.zerohedge.com/news/guest-post-get-ready-epic-fiat-currency-avalanche

The Fed’s Balance At The End Of 2013: $4 Trillion

http://www.zerohedge.com/news/feds-balance-end-2013-4-trillion

Chart of the Week

http://www.safehaven.com/article/26897/chart-of-the-week

How long before money collapses and what will it mean for gold?

http://www.mineweb.com/mineweb/view/mineweb/en/page31?oid=158565&sn=Detail&pid=31

Cartoons

http://sg2.caseyresearch.com/wf/click?upn=flkojQoVnV4U9n9PwF8wibXq-2F8JL1n1-2BeRHxW0SD9QSfuB9Gu5Kg3aOb79YO7RF8Jhnv1HmLIV-2F7Id-2ByBJ0dIxnUqV2-2BMsVLcDaUV5ZjlxM-3D_OGjTNs0khca2A4-2FmLnI5gH34M54t8-2FRTiGW5SWz5ZR-2F-2BVwGq3-2FPTvLsv3Wkg5q0Zv7YMorXZ6v2DsPtCg9WgHIRyMV6ufwZlb-2Fhwig4WzroTuYf5tkD5G1piQslSplXNKnwGErmYdj-2BOQkjUo5UzkH-2FeHUBRcyfaFaejviqfI45HnJNfvjqallFA3824QXnEIZF0vWZMY9TXBJA27Qu-2B5w-3D-3D

Desiderata – Leonard Nimoy

http://www.youtube.com/watch?v=FHu6DW-L7EM&feature=relmfu