Fed Won’t Be Thrown Off Course by Sandy – MarketWatch  “The Federal Reserve won’t be thrown off course by Hurricane Sandy as the central bank is used to having to peer through extraordinary economic events to gauge the health of the economy, said Paul Ashworth, chief U.S. economist at Capital Economics on Tuesday. … By the time Fed officials meeting in mid-December to chart monetary policy, officials ‘will be more worried about Congress and the fiscal cliff than what the lasting impact of this storm is,’ Ashworth predicted.”

Over $60,000 in Welfare Spent Per Household in Poverty – Weekly Standard  “New data compiled by the Republican side of the Senate Budget Committee shows that, last year, the United States spent over $60,000 to support welfare programs per each household that is in poverty. The calculations are based on data from the Census, the Office of Management and Budget, and the Congressional Research Services.”

“The U.S. Census Bureau estimated that almost 110 million Americans received some form of means-tested welfare in 2011. These figures exclude entitlements like Medicare and Social Security to which people contribute, and they refer exclusively to low-income direct and indirect financial support—such as food stamps, public housing, child care, energy assistance, direct cash aid, etc. For instance, 47 million Americans currently receive food stamps, and USDA has engaged in an aggressive outreach campaign to boost enrollment even further, arguing that ‘every dollar of SNAP benefits generates $1.84 in the economy…’”

Turk – 15,000 Tons of Western Central Bank Gold Is Gone – King World News   “‘The Entire German Gold Hoard Is Gone,’ which has received an incredible amount of attention around the world:  … ‘There has been a lot of deception about how much gold is really in central bank vaults. The gold is taken out of the vault, borrowed by bullion banks, and then gold fabricators melt it down, and disperse it throughout the globe in various forms of fabrication.  It’s all documented and it’s a tremendous amount of gold.  At the time I had concluded that it was about 15,000 tons of gold which had actually been put into the market out of central bank vaults. This is approximately half of what central banks reported to own at the time.’”

Be Sociable, Share!

•