Economy

Why are both debtors and creditors willing to build a status quo of massive unprecedented debt? [After all, the delusions of] creditors that debt is wealth and should never be liquidated, and of debtors that debt is an easy or free lunch have been smashed by the juggernaut of history many times before...[and] I think they will soon be smashed again. [Let me explain.] Words: 1150

There is some discussion in the blogosphere that the recent spike in gold reflects increased inflation expectations (possibly due to higher potential for Fed's QE3). That may be true, but that assumption is completely inconsistent with inflation expectations implied by TIPS.

Will America be next? Here at the Daily Bell we believe the West is facing payback time for the forced, non-democratic and now failing EU experiment as well as the central banking cartel inspired fiat money and sovereign debt collapse now wrecking economies and impoverishing the citizens of most nations. [We think] the solution to preserving your wealth, sovereignty and liberty can be found at FreedomFest this July. [Let me tell you more about what issues this emergency meeting will be addressing and who the organizations and major attendees will be. They are very impressive lists.] Words: 516

Damnit, how long do we have put up with this crap? Will we ever have an honest conversation on the facts of the matter related to what's going on in the banking system -- and has been since 2007 and indeed for the last 30 years? ...That's [unlikely] because there has been no recognition of the truth, not in Greece, not in Portugal, not in Ireland and not in the United States and here's truth: Government cannot spend more than it taxes. Period! There is no "if", there is no "and", and there is no "but." All the games played over the last 30 years, were, [and still] are, in fact, scams. Let me explain why. Words: 1700

Given the global economic backdrop, and in particular the sharp correction in energy prices to which Canada is highly exposed, the risks of a Canadian housing correction are rising. Home prices, which corrected about 10% during the recession, have surged again, making household balance sheets look increasingly fragile. Economists are becoming concerned. [Should Canadians be worried too? Let's review the situation.] Words: 280

Once again the U.S. economy is tanking and everyone is talking QE 3. Sorry folks, it ain't coming. If the Fed cranks up the printing press, Obama loses any hope of re-election. If the ECB cranks up the printing press, Germany walks. End of story. [Let me explain.] Words: 386

In every economic crisis there comes a moment of clarity. In Europe soon, millions of people will wake up to realize that the euro-as-we-know-it is gone. Economic chaos awaits them. [Let us explain why that is the case and how it will come about.] Words: 680

Understanding what we are facing right now is critical to our survival.... [and to do so] we must embrace a global correlation approach to comprehend the true global implication of how capital moves. [Martin Armstrong provides a remarkable explanation of what is going on right now with the U.S. dollar, bond yields and the current price of gold. It would be well worth your time to read and reflect on what he has to say.] Words: 822

"The US Fed would love to have the dollar firm when they announce QE3 because it is going to get clobbered on that announcement. Similarly, I think they want the gold price as low as possible when that announcement is made because it will be taking off to the upside when QE3 is announced. The stock market will also be taking off to the upside from lower levels when the announcement is made. So, I think they could be grooming (managing) the markets as we speak, positioning them for the optimal point of the launch of QE3."

[You are being forwarned - again - that Europe and the U.S. are now on a collision course with a second Lehman-type megashock....A snowball of events - bank runs spreading across Europe - are bringing us a few steps closer. What [can we expect] next? Let me explain. Words: 1795