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Dateline: April 20, 2012

5.4 Million Join Disability Rolls Under Obama
A record 5.4 million workers and their dependents have signed up to collect federal disability checks since President Obama took office, according to the latest official government data, as … (Read Full Story)

PRESENTING THE US GOVERNMENT’S INFOGRAPHIC OF ITS OWN INSOLVENCY
The Congressional Budget Office has just released three very telling infographics which, unintentionally, spell out a pretty dreary picture of US government finances. (Read Full Story)

Nixon, Gold and Oil
In July 1944, delegates from 44 nations met at Bretton Woods, New Hampshire – the United Nations Monetary and Financial Conference – and agreed to “peg” their currencies to the U.S. dollar, the only currency strong enough to meet the rising demands for international currency transactions. (Read Full Story)

Gold “Needs to Reclaim $1700″ for Renewed Buying, with Breach of $1600 “Expected to Cause Liquidation”
Gold prices have been well supported since 2009 by the rapid expansion of central bank liquidity… (Read Full Story)

Life, Liberty & All That Jazz…

Silver Seen Over $40/oz in 2012 – Store of Value Remains Undervalued
Some astute store of wealth buyers continue to buy (gold and especially silver bullion) on the dip but physical demand remains subdued in western markets as both speculators and some investors seek clarity regarding price direction. (Read Full Story)

Spain Bans Cash Transactions Over 2,500 Euros
They are not even making a pretense anymore that the West is run via market economies. As we have long predicted, the phony “sovereign debt” crisis in Europe is being used to justify all sorts of authoritarian measures. (Read Full Story)

A Sub-prime Crisis State of Mind
It seems The Great Correction hasn’t gone away. Instead, it seems to be intensifying in the form of a deeper and more widespread sub-prime crisis. (Read Full Story)

FoodStamp Nation
An underappreciated new facet of American economic life – one that will be felt everywhere from the ballot box to the upcoming Federal Deficit debates. (Read Full Story)

“Your EBT Card Has Been Denied”
700,000 Are About To Lose Their Extended Jobless Claims Benefits (Read Full Story)

Friday, April 20th, 2012 ➢ Double Eagle Headlines

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~ Quotables ~

"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." - Cicero - 55 BC