Keyword: depression2point0
-
FYI: I came across these videos this morning made by The Patriot Nurse. I'm not sure if they've been posted to FR before, but I did look through the archives as best I could. I've watched a couple of them. There are a few on You Tube made by this woman. Just passing along for those interested. I think she gives some good ideas. See links below for some of her videos--they'll link you to her other videos as well.
-
NYU Professor Nouriel Roubini has seized the headlines again this morning, warning that a "perfect storm" of economic disasters may smash the global economy in 2013. Roubini's perfect storm consists of four factors: -The U.S.'s basket-case of an economy and budget deficit, -A potential slowdown in China, -European debt restructuring and -Stagnation in Japan. Roubini says there's a one-in-three chance that these factors will clobber growth in 2013.
-
As the U.S. economy collapses, the thin veneer of civilization that we all take for granted is going to begin to disappear. In fact, there are already an increasing number of signs that the collapse of society is accelerating. In cities such as Chicago, roving packs of young people are "mob robbing" local businesses, randomly assaulting tourists and shoppers and are even pulling people out of vehicles. This isn't just happening in the "bad areas" anymore. Over the past couple of months this type of crime has been common in some of the wealthiest areas of Chicago. In fact, many...
-
The global economy has become so incredibly unstable at this point that it is not going to take much to plunge the world into a horrific economic nightmare. The foundations of the world economic system are so decayed and so corrupted that even a stiff breeze could potentially topple the entire structure over. Over the past couple of months a constant parade of bad economic news has come streaming in from Europe, Asia and the United States. Signs of an impending economic slowdown are everywhere. So what “tipping point” will trigger the next global economic downturn? Nobody knows for sure,...
-
Currently, about 18.5 percent of American males between the ages of 18 and 55 are unemployed. About 44 million Americans are on food stamps. How long before we see riots in America like those in the Middle East and North Africa? They may be starting already. Over the Memorial Day weekend, there were no fewer than seven incidents of riots or near riots in large crowds. Mob incidents, shootings, fights and looting broke out New York City; Rochester, N.Y.; Chicago; Miami; Myrtle Beach, N.C.; Nashville, Tenn.; Decatur, Ala.; and Boston. Beaches, water parks and streets were shut down. In recent...
-
If the bleak job market doesn’t improve soon, both the country and President Barack Obama will suffer the consequences, says star Democratic strategist James Carville. The country could even end up with citizen uprisings, the man who played a key role in much of former President Bill Clinton’s political success told radio talker Don Imus in an interview simulcast on Fox Business. Carville bluntly told Imus: “You know, look — this is a humanitarian — you know, you’re smart enough to see this . . . People, you know, if it continues, we’re going to start to see civil unrest...
-
To gaze upon the world of American corporations is to see a sunny place of terrific profits and princely bonuses. American businesses reported that third-quarter profits in 2010 rose at an annual rate of $1.659 trillion, the steepest annual surge since officials began tracking such matters 60 years ago. It was the seventh consecutive quarter in which corporate profits climbed. Staring at such balance sheets, you might almost forget that much of the nation lives under slate-gray fiscal skies, a place of 9.4 percent unemployment and record levels of foreclosures and indebtedness. And therein lies the enduring mystery of this...
-
There's a three-year inventory of homes in foreclosure for sale, and that's devastating home prices. Las Vegas has so many foreclosures that 53% of all the homes sold in Nevada are in some stage of foreclosure, according to a report from RealtyTrac, the online marketer of foreclosed properties. Foreclosures represent 45% of sales in California and Arizona, and 28% of all existing home sales during the first three months of 2011. "This is very bad for the economy," said Rick Sharga, a spokesman for RealtyTrac. What's more, the homes are selling at steep discounts, especially so-called REOs, bank-owned homes that...
-
A day is coming when the rest of the world will decide that it no longer has faith in U.S. dollars or in U.S. debt. When that day arrives, the game will be over. Traditionally, two of the biggest things that the U.S. economy has had going for it were the U.S. dollar and U.S. Treasuries. The U.S. dollar has been the default reserve currency of the world for decades. All over the globe it was seen as a strong, stable currency that was desirable for international trade. U.S. government debt has long been considered the "safest debt" in...
-
Nearly half of Americans say that they definitely or probably couldn’t come up with $2,000 in 30 days, according to new research, raising concerns about the financial fragility of many households. In a paper published by the National Bureau of Economic Research, Annamaria Lusardi of the George Washington School of Business, Daniel J. Schneider of Princeton University and Peter Tufano of Harvard Business School used data from the 2009 TNS Global Economic Crisis survey to document widespread financial weakness in the U.S. and other countries. The survey asked a simple question, “If you were to face a $2,000 unexpected expense...
-
Preparing Your Investments For An Inflationary Future By Eric Fry 05/26/11 Laguna Beach, California – Let the boxing match begin!…In the near corner, we find deflation, with its furious fists of debt liquidation and credit contraction… And in the far corner, we’ve got Ben Bernanke’s printing press, with its menacing inflationary uppercut. Inflation will win this contest eventually, but the match might go the full 12 rounds. Deflation is no slouch. He packs a mean punch. Borrowers of all types – from single-family mortgage-holders to national governments – are defaulting on their loans…or moving rapidly in that direction. As the...
|
|
|