Fact #6: Americans wasted enough food in 2010 to fill 91 Empire State Buildings (33.79 million tons) which was up 16% from a decade ago. The average American wastes 209 to 254 pounds of edible food each year. Meanwhile, more than 17 million American households were considered "food insecure" in 2010, meaning it was difficult to provide enough food for everyone in the family. 46 million Americans, about one in seven people, relied on food stamps.
Read More »Which Will Cause the Coming Depression? Inflation or Deflation? (+3K Views)
The coming economic collapse (Depression) is inevitable but the route taken to this ending is uncertain. The road has parallel routes, either a deflationary collapse or a hyperinflationary collapse. Which route is taken depends upon government so, which will it be? Words: 1350
Read More »Worldwide Decline in July Manufacturing Indices Say…a Recession is Now Here! Take a Look
One of the best leading indicators to shed light on the health of the economy is the Purchasing Managers Index (PMI). The latest local readings of the manufacturing PMI for countries around the world, as provided below, collectively give investors a critical insight into the pace of economic growth. Words: 944
Read More »Fact #5: 44% of Jobless Are Unemployed Longer Than 6 Months!
This is the 5th in a series of 100 useful facts about big issues facing American voters which are being presented by www.FaceTheFactsUSA.org every day until the election to help Americans debunk myths, hold better conversations, get involved, and make choices as smarter citizens. Today's facts are related to Jobs and the Economy.
Read More »Fact #4 from FaceTheFactsUSA.org: Twice the Time Now Spent in Traffic Congestion vs. 2010 (+2K Views)
Americans drive nearly twice as many miles as they did in 1980, but miles of public roads have increased 6% and, as such, we spend more than twice as much time in traffic congestion as we did in 2010.
Read More »Coming Collapse of the EU Banking System Will Bring About Collapse of Entire Western Financial System!
We are facing a crisis in Europe that is far, far worse than 2008. [It is so bad that,] before it ends, it is quite possible that we will see the entire western financial system collapse and a new system put into place. Words: 912
Read More »Gold & Silver Will Soon Collapse to $1,380 and $18 Resp. & Then Surge to $3,950/$117 in 2013 (+2K Views)
Due to the severe financial crisis in Europe, capital will continue to take refuge in the U.S. Dollar and gold and silver will collapse to US$1,380/oz. (Fibonacci Retracement 61.8% level) and US$18/oz. (Fibonacci Retracement 76.8% level) respectively, in the third quarter of 2012.
Read More »Gold & Silver Will Soon Collapse to $1,380 and $18 Resp. & Then Surge to $3,950/$117 in 2013 (+2K Views)
Due to the severe financial crisis in Europe, capital will continue to take refuge in the U.S. Dollar and gold and silver will collapse to US$1,380/oz. (Fibonacci Retracement 61.8% level) and US$18/oz. (Fibonacci Retracement 76.8% level) respectively, in the third quarter of 2012.
Read More »von Greyerz: Events This Fall to Lead to 15 – 20% Interest Rates, Stock Market Collapse, Bonds Imploding & Gold Exploding! Here’s Why
I believe that in the autumn of 2012 we are going to see...a series of negative events - failing economies, higher unemployment, more QE, and extraordinary levels of social unrest. When QE is announced, I see a temporary rally in stocks but at some point stocks will collapse. I’m not talking about mining stocks, but common stocks outside of the mining sector.
Read More »von Greyerz: Events This Fall to Lead to 15 – 20% Interest Rates, Stock Market Collapse, Bonds Imploding & Gold Exploding! Here's Why
I believe that in the autumn of 2012 we are going to see...a series of negative events - failing economies, higher unemployment, more QE, and extraordinary levels of social unrest. When QE is announced, I see a temporary rally in stocks but at some point stocks will collapse. I’m not talking about mining stocks, but common stocks outside of the mining sector.
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