The ‘D’ word is being uttered in the mainstream now. Despite whatever the media says concerning the ‘jobless recovery’ we’re in (which is a complete oxymoron) or the ‘summer recovery’ we’ve begun that Obama touted as truth last month, all indicators are pointing to the fact that the US is officially entering an era of [...]
Posts under ‘Business’
Credit Crisis Was a Gigantic Ponzi Scheme, on the Scale of Enron x1000
It seems this message is becoming more mainstream these days. It’s about time. Max Keiser is right to call this financial terrorism, especially in light of the fact that we, the tax payers, have bailed them out while everyone else is suffering from their dealings, and as a result, they have had record profits this [...]
Situation Vastly Worse Than Two Years Ago in the Global Markets: Taleb
http://www.cnbc.com/id/37610064
GM Soy Linked to Sterility, Infant Mortality … DuPont Just Approved to Begin Distributing New Type
This kind of makes me sick at my stomach. Just as a study is released within the past several months indicating genetically modified soy has been linked to sterility and infant mortality in hamsters (and thus likely humans as well), DuPont has been approved by the USDA to begin production of soy with yet another [...]
European History Repeats Itself
“Europe’s fiscal Fascism brings British withdrawal ever closer” – Ambrose Evans-Pritchard – Telegraph “Just when you thought the EU could not go any further down the road towards authoritarian excess, it gets worse.” – Ambrose Evans-Pritchard Things are spinning out of control in Europe, economically, fiscally and socially. German Chancellor Angela Merkel said today that [...]
Economic Predictions for 2010
Not pretty scenarios. Government spending has thrown free market mechanism’s into distortion and disarray. So it should shape up to be an interesting year. There are various takes on how everything will pan out. The MSM (main-stream media) paints everything as a rosy picture: we’re coming out of the recession and things will only get [...]
The Real Issue with Dubai’s Debt
Dubai is just a harbinger of things to come for sovereign debt – Jeremy Warner These are the exact things Peter Schiff and Gerald Celente were warning about a while back. The issue with this surprise Dubai news is not that they may default on $80-90 billion in debt (the news that came out today). [...]
China Risks Moving World Into Greater Recession
China has now become the biggest risk to the world economy – Ambrose Evans-Pritchard, (bracketed insertions and emphasis mine) These are headlines you won’t ever read, that to me are worthy of true news alerts. “By holding the yuan to 6.83 to the dollar to boost exports, Beijing is dumping its unemployment abroad – ‘stealing [...]
Russia Today with Gerald Celente on the Economy
Gerald Celente discusses the current status of our economy with Russia Today. In posting this, it is not an attempt at fear-mongering, but simply to point out what needs to be heard so we elect leaders who know what they’re doing to get us out of this. Frankly, even most Republicans don’t seem to understand [...]
