There is definately Major Scare Going on in Financial World. Investors are running away. I have received a warning/indication. Here's what the $1.2 Trillion money manager had to say in his April 2011 outlook: I sit before you as a representative of a $1.2 Trillion money manager, historically bond oriented, that has been selling Treasuries because they have little value within the context of a $75 Trillion total debt burden. Unless entitlements are substantially reformed, I am confident that this country will default on its debt; not in conventional ways, but by picking the pocket of savers via a combination of less observable, yet historically verifiable policies - inflation, currency devaluation and low to negative real interest rates. - Bill Gross, Head of PIMCO http://seekingalpha.com/article/270...-to-short-u-s-bonds-unless-double-dip-happens Sell Fort Knoxâs gold, some say. Asset sale urged to counter debt. The United States may have run up a huge debt, but it is not poor. The federal government owns roughly 650 million acres of land, close to a third of the nationâs total land mass. Plus a million buildings. Plus electrical utilities such as the Tennessee Valley Authority. And the Interstate Highway System. Thereâs about 147 million ounces of gold parked in the legendary vault. Gold is selling at nearly $1,500 an ounce. Thatâs many billions of dollars in bullion. http://www.journalgazette.net/article/20110516/NEWS03/305169957/1006/NEWS Ron Paul: Sell The Gold In Fort Knox. At least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move. The report did not mention the possibility of selling the governmentâs holdings of bullion, though the 261.5 million ounces of gold the Treasury Department lists in its reserve position would, at a recent price of $1,492 an ounce, would theoretically fetch $390.2 billion. The Wall Street Journal reported Monday that a group of Republican congressmen supports the idea of selling gold. http://www.nysun.com/national/selling-gold-at-fort-knox-emerges-as-next-big/87350/ âMajor Crashâ Coming for Stocks. DOW 3300: Harry Dent The good news, for those long, is Dent predicts the Dow will trade as high as 13,200 by mid-summer and the S&P 500 as high as 1430, or more-than 7% above current levels. The bad news is "then we could see another major crash," Dent says, forecasting the Dow could trade as low as 3300 in a worst-case scenario. "Bubbles go back to where they started or a little lower," he says. "The stock market bubble started at (Dow) 3800 in late 1994." http://finance.yahoo.com/blogs/dail...-commodities-already-20110331-080715-415.html Billionaires Dumping Stocks, Fleeing Market http://w3.newsmax.com/a/aftershock4/?PROMO_CODE=C490-1 Treasury Secretary Timothy Geithner threw a bomb at Americaâs financial future last night, saying he is âcertainâ another financial catastrophe is on the way and that there is no way of reaching agreement on the debt ceiling without increasing taxes on the wealthy. http://www.newsmax.com/Headline/Tim...l/2011/05/18/id/396840?s=al&promo_code=C49A-1 Wal-Mart: Our shoppers are 'running out of money' With food prices rising, Duke said Wal-Mart is charging customers more for some fresh groceries while reducing prices on other merchandise such as electronics. Wal-Mart (WMT, Fortune 500), which averages 140 million shoppers weekly to its stores in the United States, is considered a barometer of the health of the consumer and the economy. Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday. "Purchases are really dropping off by the end of the month even more than last year," Duke said. http://money.cnn.com/2011/04/27/news/companies/walmart_ceo_consumers_under_pressure/index.htm Military Coup Could Oust Obama. Former White House speechwriter John L. Perry has courted controversy by suggesting that the U.S. Military, upholding their oath to defend the Constitution against domestic enemies, could stage a bloodless coup to oust President Obama. In an article originally posted on the Newsmax website, Perry wrote, âThere is a remote, although gaining, possibility Americaâs military will intervene as a last resort to resolve the âObama problem.â Donât dismiss it as unrealistic.â The article outlines how military officers, outraged at Obamaâs âtramplingâ on the Constitution, nationalization of American institutions, rising deficits, unemployment and taxes, could peaceably seize power from the âradical-left commissarsâ of the Obama administration. Perry warns that America could be unrecognizable by 2012, prompting a coup to ârestore and defend the Constitution,â a prospect that is âweighing heavily on the intellect and conscience of Americaâs military leadership,â he writes. http://www.prisonplanet.com/former-...-suggests-military-coup-could-oust-obama.html Denmark unexpectedly entered a recession as the economy contracted for a second quarter as consumers and the government cut spending amid rising prices and a widening budget deficit. âThe figures are highly surprising,â Steen Bocian, an economist at Danske Bank A/S in Copenhagen, said in an e-mail. âThe reason for the lower consumption is a combination of higher taxes and higher inflation, driven by raw material prices.â http://www.bloomberg.com/news/2011-05-31/denmark-enters-recession-on-less-spending.html Military coup possible in Greece The U.S. Central Intelligence Agency warned in a report that the tough austerity measures and the dire situation could escalate and even lead to a military coup, according to a report by Germanyâs popular daily Bild. http://www.hurriyetdailynews.com/n.php?n=report-military-coup-possible-in-greece-2011-05-29 Australia First-Quarter GDP Logs Biggest Fall in 20 Years. Reuters Australia's economy shrank 1.2 percent in the first quarter, suffering its biggest decline in 20 years, after extensive flooding hit coal exports, but a once-in-a-lifetime mining boom is expected to help growth bounce back quickly this year. Data on Wednesday showed annual growth in gross domestic product (GDP) slowed to a tepid 1.0 percent, down from 2.7 percent. The results were in line with an updated Reuters poll on Tuesday after a report showed net exports subtracted a record 2.4 percentage points from growth. Credit tightening threatens China's 'giant Ponzi scheme' http://www.telegraph.co.uk/finance/...ning-threatens-Chinas-giant-Ponzi-scheme.html Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme. Virtually all independent economists and financial experts say that rampant fraud was largely responsible for the financial crisis. http://www.globalresearch.ca/index.php?context=viewArticle&code=WAS20101214&articleId=22395 United States is Giant âPonziâ Scheme â Pimcoâs Bill Gross US authorities are operating a âbrazenâ Ponzi scheme in government debt by buying trillions of dollars of bonds to stimulate the economy, according to Bill Gross, managing director of Pimco, the worldâs biggest bond house. â[Cheque] writing in the trillions is not a bondholderâs friend; it is in fact inflationary, and, if truth be told, somewhat of a Ponzi scheme,â he wrote on his investment outlook, arguing that creditors have always expected to be paid out of future growth. http://www.midasletter.com/index.php/united-states-is-giant-ponzi-scheme/ For whatever reason, the stock market crashes of 1929, 1987 and 2008 occurred between May and October...."Since 1950, the Dow Jones industrial average has produced an average gain of 7.4 percent from November through April and 0.4 percent from May through October. _ Adhering to the practice also would have reduced risk. http://www.huffingtonpost.com/2010/05/03/sell-in-may-and-go-away-s_n_560734.html Largest lender State Bank of India (SBI) has 44 million transactions everyday. If SBI earns 1 Rupee profit from each transactions, then SBI earns Rs 4.5 crores profit everyday which comes to estimated Rs 1,125 crores profit every year for SBI. Understandably, SBI must be earning more than Rs 4.5 crores profit everyday. But SBI has displayed Rs 21 crores profit only for the fourth quarter ended March 2011 as against Rs 1,866.60 crore in the same quarter in the previous fiscal. SBI is dealing with some bad loans, operating expenses including employee cost, Tax of over Rs 900 crore and transfer to some pension fund. Despite dismal performance, the bank maintained dividend at 300 per cent for 2010-11. SBI will pay dividend of Rs 30 per share on face value of Rs 10 after shareholders approval. Please confirm the above statements. India is the biggest buyer of gold and silver.