It’s incredible that the Mayans forecast 2012 would be the end of a major era. It looks, today, like we are standing on the eve of massive changes in the world that will have consequences for a long, long time to come. The scene is already set....the euro will collapse, and...other major currencies will collapse. The consequences of these (eventual) collapses will be horrible because we will have a hyperinflationary depression.

We’re coming to the end of government’s ability to borrow money to fund current spending that’s beyond the growth of their economy....and I actually find that massively bullish because that government funding misallocates capital. It’s going to end in the next 2 or 3 years, Europe first, then Japan, then the US....

The Citigroup economics team...made some noise late last week when they wrote that Greece would exit the euro on January 1, 2013 [and,] despite the results of this weekend's Greek elections which favors bailouts, austerity, and the euro, Citigroup continues to believe Greece is likely to exit the euro. Here's why. Words: 950

We all know that the true cost of a car doesn't end at it's purchase price but most people don't really know what the annual cost will actually amount to. The next time you are shopping for a car consider these additional costs.

Dark...financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, China, and elsewhere. Indeed, the global economy in 2013 could be a very difficult environment in which to find shelter.

"Either you take the debt clean-out right away, and that means a very hard deflationary depression, or you do what I suspect they will try to do and that is keep pumping money into the system to keep the whole banking (system), derivatives and economies afloat [and] that will lead to some sort of monetary distress that could end in hyperinflation. I think that’s the worst outcome, but there is no good outcome.”

On the heels of Spain asking for $125 billion to bail out their collapsing banking system...there will be a massive worldwide package coming out between the Fed, the ECB, the IMF and other central banks. The money printing is imminent. As I see things, we are on the road to perdition,...there is no exit strategy for the world (to get) out of these problems. There is no solution. If you look at what happened in 2008, people thought that was bad, but what’s going to happen, starting this year and in the next few years, will make 2008 look like a small rehearsal because the real collapse is going to start now.

“The financial markets continue to show extreme volatility as the various institutions and governments deal with the end of their respective roads....Governments, economies and societies are converging on a common dead end, and it is a dead end of historic proportions....There will come a moment when this dysfunctional system can be sustained no longer. It is not inevitable. There is still time for rational behavior and solutions, but that time is short."

LOOK! Everyone needs to see this. United States owes a lot of money. As of 2012, US debt is larger than the size of the economy. The debt ceiling is currently set at $16.394 Trillion, estimated to be hit around Sep 14, 2012. In the infographic below that enormous amount is illustrated in $100 bills. It's frightening! Words: 605

While the economy can certainly make job hunting frustrating for some recent grads, it's not all bad news. 59.3% of employers surveyed rated the current job market good to excellent, and 9.5% plan on increasing their number of hires this year. Learn more from the infographic below.