Silver update
Silver futures just hit a new 30-year high of $31.79 per ounce, silver is now up roughly 70% since we profiled it as one of the best investments in human history. If you haven’t already done so, please take the time to review our ‘Silver Trend’ report and ‘Silver Shortage This Decade’ video.
Food inflation
Tomorrow, FutureMoneyTrends.com plans on releasing a global food update video that will not only address the coming inflationary crisis, but provide some solutions to help prepare and protect our families. We will release this video on our video page first thing in the morning.
Greece style protest begin in the states
Wisconsin, like many other states, is in the red and needs to get their fiscal house in order asap. A bill that was introduced by their newly elected Governor, Scott Walker, was supposed to do just that or at least put them on the road to fiscal sanity. The proposed legislation severely cuts back public employee rights and changes the way the state negotiates with unions. In fact, the bill removes nearly all collective bargaining rights for almost all public employees with the exception of law enforcement and firefighters. It also makes it easier for the state to fire employees that engage in some form of labor unrest. Governor Walker says the legislation will help the state overcome the $137 million hole in the current budget and eventually help the state make up the $3.6 billion shortfall projected for the next biennial budget. The Governor gave notice to state employees that the collective bargaining agreements would come to an end on March 13th. Currently, public union workers have been operating under the terms of their previous contracts, but can be canceled with 30 days notice.
Currently, most public employees pay NOTHING toward their pensions and barely anything towards their insurance. After seeing the private sector enter into the deepest downturn since the great depression, you would think the public union employees would have a reasonable reaction to pitching in, after all it is public service. Today, 15 school systems in Wisconsin were forced to cancel classes for students for the second day. Now let’s think back to all those teacher union signs we see on the streets, oh that’s right, “it’s all about the kids.” 1,100 teachers called in sick today canceling classes for 24,500 students.
The bill will not be voted on today because democrat lawmakers literally fled the state, delaying a vote until the police can find a democrat. We wish we were making this up, but we are not. The Wisconsin state troopers are literally looking for a democrat state senator. In a telephone interview, Democrat Senate Minority Leader Mark Miller declined to give his location, but acknowledged at least one other democrat was with him. Pure insanity, the lawmakers in this country would rather see complete bankruptcy before risking losing an election. And as for those public servants who are concerned about the children, please use this video link to see where many of them went instead.
