ALL HELL IS ABOUT TO BREAK LOOSE! October Year-to-Year Inflation At 9.8%,  Banks told by Fed To Test For 12% Unemployment, The Solution To The Fiscal Cliff  Will Be Another Fiscal Cliff, And Half Of The Country Is Directly Supporting The  Other Half Through Taxpayer Funded Federal Subsidies

John Williams (ShadowStats.com) has October Year-to-Year inflation at  9.8%. - Official Real Retail Sales Signal Recession - Storm’s  Impact on October Activity Was Mixed - Official Real Earnings Sink to  Four-Year Low,Down 2.7% Year-to-Year - Annual Consumer  and Wholesale Inflation Continue to Rise - October Year-to-Year Inflation:  2.2% (CPI-U), 2.2% (CPI-W), 9.8% (SGS)

www.ShadowStats.com

From Jim Sinclair:

Gold will trade at $3500 and beyond. The US dollar will test USDX .7200  before heading lower.

Whatever is required, be it time or money, the Euro nations will get.  The Fed will, via swaps, backstop the euro. QE will go to infinity both here and  there.

The Chinese have publicly said when the gold market takes a hit they will be  buying.

Calm down. Emotions are being run by machines, HFT and nerds who hide behind  their computer.  They will not win.

All hell is going to break lose, and its name is Currency Induced  Cost Push Inflation.

Banks told by Fed to test for 12% unemployment

from MarketWatch:

The Federal Reserve is asking 30 big banks  to make sure their capital can withstand a deep recession in which the  unemployment rate rises to 12%.

Forbes:  Obama’s Real Unemployment Rate Is 14.7%, And A Recession’s On The  Way

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Half of U.S. families are on food stamps. Half of U.S. families live below  the poverty line. Officially, half of the country is directly supporting the  other half through taxpayer funded federal subsidies. They are expecting  worse than this: http://www.usdebtclock.org/

Half of American Households Living on Government  Benefits

from townhall:

Some astoundingly grim news on the “economic recovery” front: half of American households are receiving  government funds to support themselves. No matter which way you slice  it, this number isn’t good news for the Obama administration — they can spin the  jobs numbers by ignoring the number of people who dropped out of the workforce,  but this statistic is pretty straightforward.

The 49.1% of the population in a household that gets benefits is  up from 30% in the early 1980s and 44.4% as recently as the third quarter of  2008.

Census: U.S. Poverty Rate Spikes, Nearly 50 Million  Americans Affected