The U.S. government has put us between the proverbial 'rock and a hard place'. Cutting spending to improve our country's financial situation would surely trigger rioting in the streets by those Americans most adversely affected yet not cutting spending will trigger much higher inflation - even hyperinflation - which will also result in rioting....Government cannot control how this ends. They may be able to tinker with the timing a bit and they still have the choice of poisons with which to destroy the country, [but] that the country is gone, that is no longer alterable. Words: 930
Read More »Search Results for: sovereign debt
Youth Unemployment: a Looming Societal and Economic Problem That Will Adversely Affect Us All
Youth unemployment is a very large and looming societal and economic problem in developed countries. The seriousness of this issue cannot be overstated. [Let me expand on the current employment situation in many of the developed countries of the world, what the remedies might be and what the ramifications likely will be if remedial action is not taken - and soon.] Words: 1092
Read More »We're In For a "Bummer of a Summer" – Here's Why
We are in for another bummer of a summer, with the Dow tumbling over the next several months to the 12,000-12,200 range.... [Let me explain why and how best to protect your portfolio and profit from what is unfolding.] Words: 580
Read More »Economic Alert: If You’re Not Worried Yet…You Should Be (+2K Views)
For the past four years I have been covering the progression of the global economic crisis with an emphasis on the debilitating effects it has had on the American financial system. Only once before have I ever issued an economic alert, and this was at the onset of the very first credit downgrade in U.S. history by S&P. I do not take the word “alert” lightly. [Read on to to understand why I have issued an economic alert once again.] Words: 1904
Read More »U.S. Gov't Making Preperations for Expected Major Social Unrest Next Year
The Federal government is gearing up for unprecedented social unrest (worse than Greece or Spain) when Washington is forced to impose "austerity" plans next year... [which will be deemed absolutely necessary to avoid] runaway inflation [that would otherwise occur] to pay for the country's costly welfare programs like Social Security, Medicare, Medicaid, Food Stamps and massive unfunded liabilities. [Below are the preparations presently underway.] Words: 500
Read More »Tom Fitzpatrick: Stocks to Go Down 27%, Bonds to Go Up to Extreme Levels, Gold to Remain Firm (+2K Views)
A top analyst at Citibank has told King World News that global stock markets are set to plunge 27%...the panic will move global bond markets to extreme levels, but gold will remain firm.
Read More »Larry Edelson: Inflation Surge Coming No Later Than September! Here's Why
There’s also no doubt in my mind that another inflationary surge is right around the corner....probably starting no later than September. [Here's why and where you should invest to get the greatest bang for your buck.] Words: 785
Read More »Kunstler: Wake up, Sleepyheads! Things are Heating Up
Europe may soon be choking on that plat du jour of government a la Hollandaise with the side of chopped Greek salad. The whole world, in fact, has got something like a giant hairball stuck in its craw. The hairball is composed of filaments of lies wound over a core of supernatural indebtedness. The lies are promises that the debt will be paid back. Words: 710
Read More »Marc Faber: We Could Have a Crash Like in 1987! Here’s Why (+2K Views)
Marc Faber has stated in an interview* on Bloomberg Television that “I think the market will have difficulties to move up strongly unless we have a massive QE3 (something Faber thinks would "definitely occur" if the S&P 500 dropped another 100 to 150 points. If it bounces back to 1,400, he said, the Fed will probably wait to see how the economy develops)..... If the market makes a new high, it will be with very few stocks pushing up and the majority of stocks having already rolled over....If it moves and makes a high above 1,422, the second half of the year could witness a crash, like in 1987.” Words: 708
Read More »Schiff: People Are Going To Be Blindsided By What's About to Happen!
We’re in a lot of trouble, and the government is going to try to revive the faltering economy with more stimulus. It’s never going to work. It’s just going to make the problem worse...
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