This is my personal blog. The views and opinions expressed here are only mine. This is my way of showing everyone the events and topics you won't see on CNBC or other Mainstream Media.
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Monday, September 19, 2011
The Dutch, Red Heads, and a Valedictorian
Man it's hard to come up with catchy titles. The news over the weekend was the same as the last month. Greece, Greece, more Greece, and Obama's new plan. Greece is broke and it's always going to be broke. I saw where Strauss-Kahn came out and said Greece is done. It's interesting that once you aren't part of the cover up, you decide to speak the truth.
Speaking of the truth, the Dutch want to know where there gold is at. This is why Ron Paul has been asking for a Fort Knox audit. However, the government refuses to do it.
Dutch Socialist Party has asked the Secretary of the Treasury for the whereabouts of the Dutch Central Bank’s gold
On Friday 16 September, the Dutch Socialists Party (SP)’s spokesman for financial affairs, Mr. Ewout Irrgang, has asked the Dutch Secretary of the Treasury 10 detailed questions about the gold supposedly held by the Dutch Central Bank. Questions vary from: where is the gold? why are gold and gold receivables one line item? how much gold is loaned out? All questions (in Dutch) can be found here and cpied below.
This is potentially a big breakthrough for global awareness on how central banks hide crucial info from the public and the disastrous effects central banks have on society. The society benefits from competitive currencies, chosen voluntarily by the people.
The world's largest sperm bank is telling redheads to keep their semen.
Demand for ginger-haired donors is so low that Cryos International says they needn't bother donating.
"There are too many redheads in relation to demand," Ole Schou, the director of Cryos, told the Danish newspaper, Ekstrabladet, according to London's Telegraph.
Men with scarlett manes sell "like hot cakes" in Ireland, Schou said, but that's about it.
"I do not think you choose a redhead, unless the partner - for example, the sterile male - has red hair, or because the lone woman has a preference for redheads," he said, the Telegraph reported. "And that's perhaps not so many, especially in the latter case."
Men with brown hair and brown eyes are very popular, Schou noted.
Cryos ships sperm to more than 65 countries around the world, and donors can score up to $500 for their semen.
I've been critical of the current college system for a while. Students are getting loaded with debt to graduate and there be no jobs. One high school Valedictorian has figured it out.
This it NOT what you would expect from a traditional valedictorian speech. Hopefully people, especially young people, are starting to wake up to just how corrupt and broken at its core, the US educational system is. Alas, tangentially, as the following data from Stone McCarthy indicates, there is little danger that the revelations captured in this video are anywhere near widespread, courtesy of record after record rise in the next big bubble: student loan debt, which is nothing but even more voluntary indentured servitude in hopes that the latest piece of paper certifying one is "smart" will make one's resume more attractive to potential employers. Alas, if they only knew...
In this morning's Chart of the Day, we reexamine the rising trend of student loans outstanding. Back in late June, we highlighted the steady increase of student loans that has occurred since January 2009. In the most recent release of the Fed's Consumer Credit Outstanding report, student loans outstanding increased $15.66 billion on a non-seasonally adjusted basis in July, the largest month over month increase since January. In turn, nonrevolving credit outstanding (seasonally adjusted) rose a whopping $15.4 billion, the largest monthly increase since November 2001.
However, we suspect the major reason is a struggling labor market and bleak outlook for jobs. As the economy continues to generate a less than ideal number of jobs, more people are heading back to school to enhance their education in order to make themselves more marketable to potential employers. The unemployment rate for people aged between 20 to 24 years was 24.5% in August, up from 23.1% in July. The unemployment rate for this population range averaged 15% from 2002 through the end of 2007. However, as the labor market continued to struggle, the unemployment rate for persons between 20 and 24 years of age rose to 25.7% in November 2009 and has remained elevated over the past two years. Not to mention that the unemployment rate for the civilian labor force has been above 9% since May 2009. Additionally we suspect the increased cost of tuition is forcing students to take out larger loans in order to pay for rising education costs.
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