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Keyword: greatestdepression

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  • Biggest drop in factory orders, shipments in more than a year

    03/05/2012 9:02:52 AM PST · by SeekAndFind · 23 replies
    Hotair ^ | 03/05/2012 | Ed Morrissey
    So much for a fast start to the recover in 2012. A week after announcing the worst durable-goods orders report in three years, the Commerce Department’s report on factory orders and shipments in January show the worst outcome in sixteen months: New orders for manufactured goods in January, down following two consecutive monthly increases, decreased $4.8 billion or 1.0 percent to $462.6 billion, the U.S. Census Bureau reported today. This followed a 1.4 percent December increase. Excluding transportation, new orders decreased 0.3 percent. Shipments, up eight consecutive months, increased $4.1 billion or 0.9 percent to $463.6 billion. This followed a...
  • Anxious Greeks Emptying Their Bank Accounts

    Many Greeks are draining their savings accounts because they are out of work, face rising taxes or are afraid the country will be forced to leave the euro zone. By withdrawing money, they are forcing banks to scale back their lending -- and are inadvertently making the recession even worse. Georgios Provopoulos, the governor of the central bank of Greece, is a man of statistics, and they speak a clear language. "In September and October, savings and time deposits fell by a further 13 to 14 billion euros. In the first 10 days of November the decline continued on a...
  • 10 Lessons From People Who Lived Through The Depression

    11/21/2011 7:22:27 PM PST · by Kartographer · 58 replies
    Wanda Bridgeforth was hit hardest on the home front as a child, when her parents couldn't afford to keep her with them. At one point she lived with 19 people—in a six room house. It was in these situations that she learned to conserve what she had, and reuse what she found.
  • USDA Predicts Surging Food Prices in Coming Year

    10/30/2011 6:55:00 PM PDT · by JDW11235 · 45 replies
    The Blaze ^ | October 30, 2011 | Christopher Santarelli
    The USDA has released their projections for food price inflation in 2011/2012, showing troubling forecasts that may send you to the grocery store today, before paying higher prices tomorrow. The report shows that the Consumer Price Index (CPI) for all food increased 0.8 percent between 2009 and 2010, and is forecasted to increase 3.5 to 4.5 percent in 2011. Items that are expected to inflate the most include beef, cooking oils, and seafood. Processed vegetables and beverages were projected to to see smaller changes in the CPI. The Wall Street Journal notes that “the midpoint of the new USDA outlook...
  • The Prepper Movement: Why Are Millions Of Preppers Feverishly Preparing

    10/25/2011 10:59:43 AM PDT · by Kartographer · 38 replies
    In America today, there are millions of “preppers” that are working feverishly to get prepared for what they fear is going to happen to America. There is a very good chance that some of your neighbors or co-workers may be preppers. You may even have noticed that some of your relatives and friends have been storing up food and have been trying to convince you that we are on the verge of “the end of the world as we know it”. A lot of preppers like to keep their preparations quiet, but everyone agrees that the prepper movement is growing....
  • Ray Dalio On Whether The Current-Hopeless, Mob-Rule

    10/24/2011 6:27:12 PM PDT · by Kartographer · 19 replies · 1+ views
    ZeroHedge ^ | 10/24/11 | Tyler Durden
    Mobs are at the doors of bankers and others in the financial system, screaming to politicians to put these people in jail while the vote-seeking politicians are fanning the flames rather than reminding people that the legal system is the way these people should be judged. Since banks are levered about 15 to 1, it doesn’t take much of a debt problem to cause them solvency problems, and since in deleveragings debt problems are big, there is significant risk banks will run out of equity again and the fury against them will intensify. For these reasons risks to the global...
  • Preppers a diverse group

    10/24/2011 6:41:25 PM PDT · by Kartographer · 55 replies
    Salina Journal ^ | 10/24/11 | GORDON D. FIEDLER JR.
    "Nobody can afford right off the bat to buy 20 years of dehydrated mashed potatoes," he said. He would buy a little extra every time he went to the store. Peace of mind increases as the larder grows, he said. "If you stock food for a year and lose your job, you can at least eat for a year," he said. Besides food and water, his stash includes certain medicines and some cash -- "If it's worth anything in the end" -- and important documents, some of which he's duplicated and stored off site. "You can't be prepared for everything,...
  • SEPTEMBER PPI SURGES 0.8%, WAY HOTTER THAN ESTIMATES

    10/18/2011 5:53:27 AM PDT · by blam · 28 replies
    TBI ^ | 10-18-2011 | Joe Weisenthal
    <p>The number is out, and it's HOT!</p> <p>PPI hs jumped 0.8%, well above the 0.2% analysts had expected.</p> <p>Core PPI, which excludes food and energy, was only up 0.2%, which is still above the 0.1% that analysts had expected.</p> <p>The culprit? Blame food and energy.</p>
  • Mayor Bloomberg predicts riots in the streets if economy doesn't create more jobs

    09/16/2011 9:57:17 AM PDT · by Kartographer · 107 replies
    NY Daily News ^ | 9/16/11 | Erin Einhorn and Corky Siemaszko
    Mayor Bloomberg warned Friday there would be riots in the streets if Washington doesn't get serious about generating jobs. "We have a lot of kids graduating college, can't find jobs," Bloomberg said on his weekly WOR radio show. "That's what happened in Cairo. That's what happened in Madrid. You don't want those kinds of riots here."
  • Warning For Americans: Be Safe and Stay Alert. It’s Coming.

    09/13/2011 9:41:57 AM PDT · by Errant · 65 replies
    SHTFPlan.com ^ | 13 September 2011 | Mac Slavo
    On the ground report from Greece by Manos September 11, 2011 After our socio-fascist government implemented all of Germany’s directives, the Greek people have come to an absolute desperation and poverty. What is also outrageous is the fact that are own government has passed the message to the global banksters and other nations that Greek people are lazy and incapable. Today, after two years of screwing and pressing us, most households and businesses have stopped paying. Stopped paying taxes, utility bills, toll fees, or anything else related to the government. Two hours ago, this same government announced a new property...
  • Gerald Celente: “Things Are Going to Get Much Worse…Society Is Breaking Down”

    09/15/2011 11:17:20 AM PDT · by Kartographer · 114 replies
    Daily Ticker/Yahoo Finance ^ | 9/15/11 | Aaron Task
    "Things are going to get much worse," Celente says. "Society is breaking down on every level: socially, economically, politically and it's not just the U.S. It's worldwide." Celente believes the globe is following a similar path to what occurred after the 1929 crash: Severe economic contraction, followed by currency wars, trade wars and, ultimately, armed conflict. Currency wars have already started he said, citing the recent decision by the Swiss National Bank to peg the Swiss franc to the euro. "Trade wars are next and then real wars, unfortunately," Celente predicts. Unlike the 1930s and 1940s, The Trends Journal publisher...
  • We’re Headed For A Crash, Says Seer Gerald Celente — Keep Buying Gold

    09/14/2011 9:51:10 PM PDT · by Kartographer · 30 replies · 1+ views
    Daily Ticker/Yahoo Finance ^ | 9/14/11 | Henry Blodget
    Famous forecaster Gerald Celente of Trends Research says the world's in the midst of another depression and that we're headed for another crash. Celente won't get specific about what he means by "crash," at least with respect to the stock market, but he's convinced that the world is going to the dogs. We'll have riots, he says. And wars. And society as we know it will continue to break down.
  • Gold & Silver Are Moving Higher… Much Higher! Says Analyst

    08/04/2011 8:57:51 AM PDT · by SeekAndFind · 62 replies
    Yahoo Finance ^ | 08/04/2011 | Jeff Macke
    Every day is a good day to buy gold of late. It's an intoxicating state of affairs for those of us who already own the barbaric metal, which is exactly the problem. Being inordinately giddy over an investment, what Tony Montana called "getting high on your own supply", generally ends quite poorly. The question isn't so much whether or not gold has worked. It has. The question is if it's too late to enter or if this is a prudent time to take some profits. With the fundamentals widely understood, Breakout turned to technical analyst Peter Lee of UBS to...
  • Agenda 21 Update: Family Farms Are Under Attack

    07/31/2011 5:27:24 PM PDT · by Nachum · 61 replies
    The Blaze ^ | 7/31/11 | Mike Opelka
    Is the US government starting to implement the policies of the United Nation’s plan for global management of people and resources known as Agenda 21? The latest efforts out of the Department of Transportation (DOT) seem to indicate this is happening. And they are starting by targeting America’s farming communities with costly and oppressive regulations. In Late May, the DOT proposed a rule change for farm equipment, and if it this allowed to take effect, it will place significant regulatory pressure on small farms and family farms all across America – costing them thousands of dollars and possibly forcing many...
  • The next 72hs: What last minute preps to take?

    07/31/2011 9:23:53 PM PDT · by Kartographer · 138 replies · 1+ views
    The Modern Survivalist ^ | 7/31/11 | FerFAL
    What you would be looking at would be civil unrest in most mayor US cities and thousands of minor ones as well. Once the images of people looting and getting away with it hit the TV you’re looking at thousands of bums thinking of doing the same thing and rushing out the door to the nearest store. That gets bad pretty fast. You’re talking about looting, fires, closed stores, destruction of vehicles and private property, and given US context some gang related activity taking advantage of the lawless situation as well to settle scores. While invasion of residential properties wont...
  • Gerald Celente: “Economic Martial Law Will Be Declared”

    08/01/2011 1:23:23 PM PDT · by Kartographer · 47 replies
    causapatet.blogspot ^ | 8/1/11 | Mac Slavo
    In his latest quarterly Trends Journal (Summer 2011), Gerald Celente provides us another “history of the future,” in which he discusses global economic, monetary, and political events as they happen and what their consequences will be for months, years and decades to come. As he has said before, it is only a matter of time before a major terror attack is executed in a major Western nation. And once it happens it will send shock waves throughout the world, leading to mass global panic and a further tightening of the noose around the necks of the populace: What will another...
  • Some Prepper/Survival Videos from The Patriot Nurse

    08/03/2011 3:56:55 AM PDT · by beaversmom · 29 replies
    The Patriot Nurse via You Tube ^ | May 5, 2010 | The Patriot Nurse
    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.
  • It Has Started: Wall Street Preparing For Doomsday Scenario (Fund managers in Crisis Mode)

    07/21/2011 1:44:46 PM PDT · by SeekAndFind · 9 replies
    Business Insider ^ | 07/21/2011 | Katya Wachtel
    If you're simply looking at their public statements, Wall Streeters seem to be alarmed about the debt crisis, but don't appear to be sliding into panic mode. In fact, they're just really good actors. Across the financial sector, many are preparing for a debt doomsday scenario, in which the U.S does in fact default, the New York Times reports. Firms are "taking steps to reduce the risk of holding Treasury bonds or angling for ways to make profits from any possible upheaval." It's clear hedge funds have changed gears and many are in heavy de-risking mode, with billion dollar firms...
  • It Has Started: Wall Street Is Preparing For A Doomsday Scenario

    07/21/2011 7:26:09 AM PDT · by blam · 28 replies
    TBI ^ | 7-21-2011 | ya Wachtel
    It Has Started: Wall Street Is Preparing For A Doomsday Scenario Katya Wachtel Jul. 21, 2011, 9:15 AM If you're simply looking at their public statements, Wall Streeters seem to be alarmed about the debt crisis, but don't appear to be sliding into panic mode. In fact, they're just really good actors. Across the financial sector, many are preparing for a debt doomsday scenario, in which the U.S does in fact default, the New York Times reports. Firms are "taking steps to reduce the risk of holding Treasury bonds or angling for ways to make profits from any possible upheaval."...
  • Chapman: ‘There Is No Question Now That the Game Is Over’

    07/20/2011 9:00:01 PM PDT · by Kartographer · 35 replies
    TheSHTFPlan ^ | 11/20/11 | Mac Slavo
    The American people are broke. When 25% of the people have no income coming in and prices for basic goods continue to rise, there will be no upward movement in the economy. Consumers cannot spend, because they have nothing left – their incomes have been eliminated and so too has their credit. The only hope for growth is more easing by the Fed and more stimulus from Congress, but even that is masking the problem. We may see positive GDP growth as a result, as we have “officially” seen in recent quarters, but this is strictly a mathematical result of...
  • Fed Preparing For US Default Says Plosser

    07/20/2011 5:52:15 PM PDT · by Kartographer · 27 replies
    Zero Hedge ^ | 7/20/11 | Tyler Durden
    That giant whooshing, and humming, sound you hear are all the printers at the basement of Marriner Eccles getting refills and start the warm up process. Because according to the Fed Charles Plosser the Federal Reserve is actively preparing for the possibility that the United States could default. Which can only mean one thing: an immediate paradrop of millions of $100 bricks to every man woman and child in the US since as we all know by know Tim Geithner has repeatedly confirmed the Treasury has absolutely no default plans. None.
  • Leading Trend Forecaster: We Are Not Entering a New Recession (We're In A Depression)

    07/15/2011 4:26:02 AM PDT · by blam · 36 replies
    SHTF Plan ^ | 9-14-2011 | Mac Slavo
    Leading Trend Forecaster: We Are Not Entering a New Recession Mac Slavo July 14th, 2011 Trend forecaster Gerald Celente, of the Trends Research Institute, in his latest Trend Alert to subscribers, says that media presstitutes continue to sell Americans and the rest of the world the big lie of recovery. It’s nothing more than a cover-up. We never exited the recession that started in 2008.For the second consecutive month, employers added scarcely any jobs in June, startling evidence that the economic recovery is stumbling … The government also revised downward the small gain for the previous month to 25,000 new...
  • 10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy

    07/16/2011 3:58:48 PM PDT · by Kartographer · 137 replies · 1+ views
    Hawaii News Daily ^ | July 15, 2011 | Michael Snyder
    All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total mess. In fact, there are all sorts of signs that things are about to get even worse, and the American people are just about fed up. Virtually every major poll, survey and measure of consumer confidence shows that the American people are becoming more pessimistic about the economy. Millions of hard working Americans that worked their fingers to the bone for their employers and that did everything...
  • Neighborhood Prepper Meeting: Getting Together

    07/16/2011 3:33:47 PM PDT · by Kartographer · 12 replies
    YouTube ^ | 7/16/11 | LDSPrepper
    I would like to thank my neighbors and friends for participating in our annual emergency preparedness meeting. Your comments and contributions were what made the meeting great. Hopefully we all left with a desire to be better prepared so our family and loved ones are well taken care of in the event of...
  • Urban Survival Skills To Keep Your Ass Alive

    07/14/2011 9:06:55 PM PDT · by Kartographer · 246 replies
    survive2thrive.ne ^ | 7/14/11 | Steve
    Even if you are fortunate enough to have a retreat out in the country getting to your safe haven maybe impossible during upheaval. Roads blocked by wrecked and fuelless vehicles will stop most bugouters in their tracks. Maybe you were born lucky and can make it out safely before the balloon bursts, then what? People in rural areas, will start shooting if threatened by mobs of refugees fleeing the city. Don’t expect to be welcomed with arms outstretched. Most country folks don’t trust outsiders; you will likely be greeted with a load of buckshot and not the cup of fresh...
  • Gun ‘preppers’ go mainstream as more people realize no one is immune to disaster

    07/12/2011 5:51:59 PM PDT · by marktwain · 141 replies · 2+ views
    Gun Rights Examiner ^ | 11 July, 2011 | David Codrea
    The Economic Collapse blog reports that Robert Kiyosaki is warning of an impending economic collapse—and advises on preparations that include buying guns. By way of credentials, Kiyosaki is the author of the successful “Rich Dad Poor Dad” books, reportedly having sold over 26 million copies, and runs the Rich Dad financial education website. He co-authored “Why We Want You to be Rich” with Donald Trump. The Economic Collapse lists 11 “sound bites” from a Kiyosaki video (see sidebar media player) that include predictions of collapse where supermarket food supplies are reduced to less than three days—presumably with no restocking in...
  • Economic Collapse - A Tsunami is Coming

    06/28/2011 10:26:18 PM PDT · by Kartographer · 31 replies
    We are either going into a Depression or Hyperinflation. The Dollar will be coming down and things will get tough. The Government is inflating the stock market along with the banks. The quiet before the storm. I feel it in my bones that we are on the brink of something big and bad. Get your S*#t together. The end of QE2, pushing the Debt Ceiling , Greece, Spain, Japan....all coming to a head. This scenario may begin this week considering the most recent report that the Greek military is threatening a military coup if parliment imposes more austerity measures. So...
  • G-20 announces measures to stabilize food prices

    06/23/2011 12:00:21 PM PDT · by EBH · 37 replies
    yahoo/ap ^ | 6/23/11 | PAUL SCHEMM
    World Bank President Robert Zoellick appeared at the ministers' side during the news conference to express his support for the new measures and the seriousness of price swings. "We are not going to be able to stop food prices from going up and down, but we can smooth out the swings and we can protect the poor whether they are small farmers or consumers," he said. One of the key aspects of the new accord is the Agricultural Market Information System that would stave off panic food speculation by making instantly available to all countries the state of world food...
  • 55 Preparedness Items

    06/21/2011 1:14:26 PM PDT · by Kartographer · 29 replies
    There are many survival preparedness items that you can store now, and “forget” about, which you may need later during varying degrees of an emergency. The following are 55 suggested items that you can store and have ready.
  • Gerald Celente: “COLLAPSE: IT’S COMING! ARE YOU READY?”

    06/13/2011 10:16:32 PM PDT · by Kartographer · 70 replies
    SHTF Plan ^ | 6/13/11 | Mac Slavo
    Trend forecaster Gerald Celente of the Trends Journal advises subscribers of his quarterly newsletter that the collapse is on it’s way and will become apparent to the population of the entire world in short order. While pundits argue over whether or not a double dip recession is coming, many on the street have finally begun to realize that another recession is the least of our problems.
  • Roubini Says “Perfect Storm” May Clobber Global Economy

    06/13/2011 11:37:35 AM PDT · by edpc · 23 replies
    The Daily Ticker - Yahoo Finance ^ | 13 June 2011 | Henry Blodget
    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.
  • Prepper Thoughts on Martial Law: VANITY

    06/12/2011 10:36:20 AM PDT · by dagogo redux · 55 replies
    6/12/11 | dagogo redux
    I am posting this vanity to take the pulse of fellow Freepers regarding the possibility of martial law being imposed, and your thoughts on the best way to react when it is. I’ve been something of a “prepper” for a few years now, watching history unfold and putting store by the truth of the old Boy Scout Motto. I’ve watched our imperfect US Constitution be easily subverted, but I have held fast to my faith in the much more fundamental Declaration of Independence. Preparedness, the “eternal vigilance” our Forefathers’ spoke of, has seemed a patriotic duty in these dark times....
  • Emergency Preparedness….Top Post-Collapse Barter Items And Trade Skills

    06/11/2011 3:46:44 PM PDT · by Kartographer · 310 replies
    randysright.wordpress.com ^ | 6/11/11 | randyedye
    In today’s “modern” globalist economy, we have relied upon centralized and highly manipulated trade, forced interdependency, senseless and undisciplined consumption, endless debt creation, welfare addiction, and the erosion of quality, as a means to sustain a system that ultimately is DESIGNED to erode our freedoms not to mention our ability to effectively take care of ourselves. We have been infantized by our financial environment. In the near future, those who wish to live beyond a meager staple of government handouts (if any are even given) will be required to make a 180 degree reversal from their current lifestyle of dependency...
  • How to survive a Depression today

    06/12/2011 8:42:06 AM PDT · by doug from upland · 46 replies
    How to survive a depression How to Survive A Depression Today Solutions On This Site - How To Survive A Depression A Global Depression Survival Store and Resource Site Many of us are wondering how to survive a depression today in 2010. Current global economies appear to be on a downward spiral and there is no end in sight. Everyday there's a new industry that is tanking. The key is to plan on how to survive a depression without anyone telling you that a depression is full swing. By the time they tell you it's a depression it will be...
  • ‘It can happen to you’

    06/13/2011 8:40:08 AM PDT · by Kartographer · 64 replies
    Chattanooga Times Free Press ^ | 6/13/11 | Mariann Martin
    Get a kit.” “Make a plan.” “Be informed.” For years, Evonne Richards had seen the signs and read the messages urging her to prepare for an emergency. A mother of four, she found it easy to push off the task. After all, the only threat that seemed likely in the landlocked 21 acres where the family had lived 27 years was a house fire. In September, she finally printed off the checklist from ready.gov. She stockpiled about 60 gallons of water in empty milk and juice containers, adding a dash of bleach to each. She bought a three-day supply of...
  • 18 Signs the Collapse of Society is Accelerating

    06/10/2011 2:22:35 AM PDT · by GiovannaNicoletta · 56 replies
    RightlyConcerned ^ | June 9, 2011 | Unattributed
    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...
  • Ten Things Update: 2011

    06/10/2011 9:23:14 AM PDT · by Kartographer · 30 replies
    Market-Ticker ^ | 6/10/11 | Karl Denninger
    Be prepared to "shelter in place" or "bug out" as appropriate. "Wilding" events have already happened in some major cities. This is likely to spread if there is a "fiscal" or "monetary" accident and the "FSA" (free **** army) funds get cut off. These events could spread very quickly, and many large cities could go near-feral within days. You need to know what you're going to do about that if it happens. If you think it can't, you're wrong - it both can and might. Being prepared costs nothing. Being unprepared might cost you your life. Consider walking down the...
  • The Handling of the Economic Crisis May Lead to Civil Unrest

    06/09/2011 10:09:15 PM PDT · by Kartographer · 60 replies
    ZeroHedge.com ^ | 6/9/11 | George Washington
    Reality is beginning to break through. Gas and grocery prices are on the rise, home values are down, and vast majorities think the country is on the wrong track. The result is sadness and frustration, but also an inchoate rage more profound than the sign-waving political fury documented during the elections last fall. -SNIP- •Director of National Intelligence Dennis C. Blair said: "The global economic crisis ... already looms as the most serious one in decades, if not in centuries ... Economic crises increase the risk of regime-threatening instability if they are prolonged for a one- or two-year period," said...
  • CNN: 48% believe a Great Depression is coming within a year

    06/08/2011 10:56:44 AM PDT · by SeekAndFind · 32 replies
    Hotair ^ | 06/08/2011 | Ed Morrissey
    Alternate headline: Great Depression worries go mainstream. I guess we can count Barack Obama among the 51% who aren’t worried about it, since he’s not even worrying about a double-dip recession. CNN’s latest poll shows an almost even split between Americans who expect a big collapse within a year, and, er, Americans who aren’t quite as worried about it: President Barack Obama’s overall approval rating has dropped below 50 percent as a growing number of Americans worry that the U.S. is likely to slip into another Great Depression within the next 12 months, according to a new national poll. The...
  • Deflationary Depression In America: The Double Dip Economic Recession

    06/08/2011 8:24:18 PM PDT · by blam · 26 replies · 1+ views
    TMO ^ | 6-8-2011 | Bob Chapman
    Deflationary Depression In America: The Double Dip Economic Recession Economics / Deflation Jun 08, 2011 - 07:33 AM By: Bob Chapman Wall Street seems to believe the waning recovery in the economy is only temporary and that further recovery is on the way. Such thinking can get you in serious trouble, unless QE3, or its equivalent, is on the way. It is on the way, as we pointed out 13 months ago. The economy cannot live and survive without it otherwise we could be looking at a minus 5% GDP for openers. Incidentally, there are those that believe that unemployment...
  • 10 Tipping Points Which Could Potentially Plunge The World Into A Horrific Economic Nightmare

    06/07/2011 5:47:57 PM PDT · by Kartographer · 28 replies
    Hawaii Nnews Ddaily ^ | 6/7/11 | Michael Snyder
    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,...
  • A Greater Depression

    06/07/2011 6:07:06 AM PDT · by Kartographer · 35 replies
    Human Events ^ | 6/7/11 | Bob Livingston
    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...
  • Carville: There Will Be Civil Unrest — Over Economy

    06/06/2011 8:09:29 PM PDT · by 2ndDivisionVet · 38 replies
    NewsMax ^ | June 6, 2011 | Dan Weil
    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...
  • Suddenly Everyone Is Warning About The Next Financial Collapse

    05/31/2011 9:50:10 PM PDT · by Kartographer · 46 replies
    Benzinga.com ^ | 5/31/11 | Michael Snyder
    The following is just a sampling of the financial warnings that we have seen in recent days from some prominent voices.... *Economist Nouriel Roubini: "I think right now we're on the tipping point of a market correction. Data from the U.S., from Europe, from Japan, from China are suggesting an economic slowdown." *Jim Rogers: "I would expect to see some serious problems in the foreseeable future….By 2011, 2012, 2013, 2013, I don't know when, we're going to have an economic slowdown again." *Mark Mobius, the executive chairman of Templeton Asset Management's emerging markets group: "There is definitely going to be...
  • The US Economy Visualized in 10 Horrifying Economic Charts

    06/01/2011 7:14:04 AM PDT · by WILLIALAL · 52 replies
    KenCauley.com ^ | March 18, 2011 | Ken Cauley
    The America Family Association has organized ten powerful economic graphs that put financial facts and figures into visual form. Sometimes you can quote economic statistics to people until you are blue in the face and it won’t do any good, but when those same people see charts and pictures suddenly it all sinks in. As you examine the economic charts below, pay special attention to what has been happening to the U.S. economy over the last 30 or 40 years.
  • Five Things You Need to Know: I'm Finished (coming collapse of our financial system)

    06/01/2011 12:21:06 PM PDT · by Kartographer · 23 replies
    Minyanville ^ | 6/1/11 | Kevin Depew
    These are the worst of all possible times. Just ask any cab driver. The US default and inevitable currency collapse is only the tip of the iceberg. Hyperinflation, or deflation, or stagnation, take your pick. There will be no winners this time; we will all be impoverished by the banking system, slaves to the global elite. Government has never been more corrupt. Businessmen and bankers, never more villainous. Our schools are failing. College is a scam. The environment is being polluted, our children's future traded away in a maze of carbon credits and energy derivatives. Or, on the other side...
  • Profits Are Booming. Why Aren’t Jobs?

    05/31/2011 7:05:20 PM PDT · by khnyny · 467 replies
    New York Times ^ | January 8, 2011 | Michael Powell
    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...
  • Foreclosures for sale: Big supply, low prices

    05/29/2011 5:14:57 PM PDT · by Jim 726 · 57 replies
    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...
  • When Faith In U.S. Dollars And Debt Is Dead, The Game Is Over – That Day Is Closer Than We Think

    05/29/2011 8:51:21 AM PDT · by SeekAndFind · 38 replies
    The Economic Collapse ^ | 05/29/2011 | Michael Snyder
    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 Are ‘Financially Fragile’

    05/25/2011 11:46:22 AM PDT · by rightwingintelligentsia · 143 replies
    Wall Street Journal Blogs ^ | May 25, 2011 | Phil Izzo
    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...