DOES THE U.S. HAVE ENOUGH GOLD TO BACK THE NEW U.S. DOLLAR?

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The U.S. dollar as we know it is about to be replaced by a new currency. We don’t know when. It could be this year, or maybe next year, we don’t know. The question is not if? the Federal Reserve Note (U.S. Dollar) will be replaced but when? When it does, it’s going to have to be gold backed with value. Real assets like gold will have to back the new U.S. dollar at least in part for America, and Americans, to get back onto the global financial carousel with economic independence and the ability to coexist with foreign currencies that are backed by gold.

The important question to us as Americans with family members to provide for and a desire to see our spending power grow is how much if any gold does the U.S. actually possess? A legacy of secrecy still surrounds how much gold America has, author James Ledbetter, editor of “Inc. magazine” and the author of “One Nation Under Gold: How One Precious Metal Has Dominated the American Imagination for Four Centuries”, writes for the Los Angeles Times. “Some of the conservative and libertarian figures who demand that the Federal Reserve be audited, for example, grumble that there may be a lot less gold — maybe none! — in Fort Knox than official numbers allow,” Ledbetter writes. Keep on reading!

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WHAT HAPPENED TO HR 5404 – AND THE GOLD BACKING OF AMERICA’S NEW CURRENCY?

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It’s tough being a kid growing up in these times of civil war and deprivation where censorship runs rampant and the many layers of falsehood are often confused for truth. We’ve seen up close the horrors of pain and desperation etched onto the faces of hungry American children and frail elders alike. Our food and water is poisoned, geoengineering is making us ill and destroying the environment in which we live, and fires endlessly burn us out of our homes, jobs, and air. The economy has turned many of us into financial slaves and we can feel the devastation of loved ones falling apart right before our helpless eyes.

Our children are our futures yet they suffer from the darkness of a financial insecurity of which they are yet unaware. Many families don’t have enough money to make ends meet on a monthly basis which means they don’t have the financial wherewithal to keep their families together, to fill their children’s bellies with nutritionally balanced meals, or to clothe them properly from head to toe. Choices with profound implications have to be made under every roof every day. Irreversible sacrifices are being taken. Bills are not getting paid, medicines or food or both are not being bought, and almost all of this has to do with scarcity in the name of the American Dollar. Keep on reading!

DIVORCE THRIVES IN IMPROVING ECONOMY AND HOUSING MARKET

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Just when you thought you might not be able to afford to get a divorce, this just in: improving economy and housing market make getting a divorce affordable, again.  Oh, joy.  It’s time to break up the family, because, well, we can afford to.

According to the Los Angeles Times, the improving economy and booming housing market have prompted more people to get divorced.  Yay for them.  Money, or a lack thereof, no longer needs to lead to unhappiness.  Instead, couples may now divorce a little easier than before.

According to the article, the recession had caused many couples to stay together because their homes were a financial mess or one or both parties were out of work.  When the recession had hit, home prices plummeted, home equity became scarce, and couples had fewer assets to play with.  Divorcing couples faced greater financial loses.  But now, the housing market is in a rebound, and interest rates are at historical lows.  Couples are experiencing new wealth they can now use to divorce from each other.

Rising inflation and falling housing prices put pressure on marriages and help to contribute to higher divorce rates.  The same factors also apply to making divorce more complicated.  Falling property prices mean that selling the family home may not provide sufficient funds for two separate homes, especially with lenders being so much more selective in who they lend to.

GUGGENHEIM’S DODGERS ORDERED TO REVEAL SECRET $ ARRANGEMENT IN JAMIE’S DIVORCE WITH FRANK

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Former Los Angeles Dodgers owner Jamie McCourt wants California’s family law courts to throw out her $131-million divorce settlement.  That’s why, according to the Los Angeles Times, the new owners of the Dodgers must reveal their financial arrangements with Jamie’s ex-husband/partner, Frank McCourt.  Got that?  We’re pretty sure Frank does too.

According to the Times article earlier this month, Los Angeles Superior Court Judge Scott Gordon denied the Dodgers request to seal a summary of the team’s deal with Frank McCourt.  The judge ordered the document to be made publicly available June 17, unless Guggenheim Baseball Management succeeds in an appeal before then.

Jamie McCourt’s attorney, Bert Fields, believes the financial summary could reveal that the deal was worth more than the Dodgers publicly announced sales price of $2.15 billion.  “It shows Mr. McCourt got value way beyond $2 billion.”  And that somebody totally got ripped off in their settlement negotiations.

In her request to have Judge Gordon throw out her divorce settlement, Jamie alleged that Frank fraudulently misled her about the value of the Dodgers and their assets.  Frank denies this charge.  And he also denies extraterrestrials run the White House.

Last year, Guggenheim paid $2 billion for the Dodgers, while an affiliated entity financed the purchase of the land surrounding Dodger Stadium for $150 million.  The accompanying financial arrangements Guggenheim attempted to seal include data about how Frank and Guggenheim were to share profits from the joint investment venture, which is the crux of this whole magilla.

In court, Guggenheim argued that financial disclosure would harm the Dodgers ability to lure another sports team to the Dodger Stadium site.  (Guggenheim’s ownership has since admitted that it is indeed in talks with the NFL about building a stadium on the stated site.)

Although Staples Center owner AEG still has plans to bring the NFL to South Park, the NFL has made it abundantly clear it has its tiny, greedy, little heart set on Chavez Ravine.  As a side note, the NFL made no mention of all the profits to be made – by everyone, except I guess poor, hungry Jamie – from the Chavez Ravine site.

EX CALIFORNIA GOVERNOR SCHWARZENEGGER AND MARIA SHRIVER HOLD OFF ON DIVORCE

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Yes she did, no he didn’t.  It’s on again, and it’s off again.  And then it’s back on again.  And it really is hard to tell which way the former ‘gropenator’ and his distinguished wife are headed these days.

It was all the way back in 2011 when Maria Shriver fired the first shot by filing for divorce from the then California Governor, Arnold Schwarzenegger.  This, as we might remember, was due to the fact Arnie had fathered a son out of wedlock with one of his servants, and, then, of course, there were those other not-discussed-too-much indiscretions with those other women.

So, as the media has dutifully reported, the couple finalized all the terms to their highly anticipated divorce when…  What?    Nothing.  As a snag seemed to grip both parties who appear to be in no hurry to finalize the dirty deed.

Friends of Maria and Arnie have suggested the divorce has been put on hold simply because it has no immediate impact on either of their lives.  And they probably don’t believe the sun really has any impact on life on planet Earth either, but the couple continue to play out their typically egoic, change of heart, he love me, she love me not this week syndrome.

But who knows, right?  After all, this is California.  And reconciliation may yet again rear its ugly head and stand in the future for this duo.  And wasn’t it only last month that national media reportedly caught the pair kissing in Beverly Hills.  A possible preview to a settlement of differences on behalf of graduating daughter Christina.

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