“prepare for at least two declines of 25-30%, maybe even 50%, in the coming decade”
“We went down very fast and it took us about 4 years to come back which is relatively normal”
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by Michael If you know someone that actually believes that the U.S. economy is in good shape, just show them the statistics in this article. When you step back and look at the long-term trends, it is undeniable what is happening to us. We are in the midst of a horrifying economic decline that is the result of decades of very bad decisions. 30 years ago, the U.S. national debt was about [...] Former Obama DNI Dennis Blair: Leaking At Top of Obama Admin Setting Tone for Others (May 26, 2013) The Weekend Is Over, And The Japanese Market Is Diving The weekend is over, and trading has officially whirred to life in Asia. The big market that everyone’s watching is obviously Japan, which crashed 7% on Thursday, before coming back modestly in Friday trading. That comeback, however, faded as Nikkei futures traded throughout the day, and now the Nikkei cash market is catching up. The Nikkei is currently off 2.8%, and USDJPY is below [...] CBS News contributor Michio Kaku, a physics professor at the City University of New York, talks to the “CBS This Morning” co-hosts about a new forecast by Colorado State University that warns this year’s hurricane season could be even worse than 2012 Storm warning: U.S. forecasts ‘active’ or ‘extremely active’ hurricane season The 2013 hurricane season is shaping up to be active to extremely active, the National Oceanic and Atmospheric Administration warned [...] Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Like so many debacles in the EU, it started with the unelected European Commission. It’s immune to voters, but not to lobbyists and corporations. Under the guise of “consumer protection” or “food safety” or some other harmless moniker, it generates zany laws that tend to benefit large corporations. But last week, it went too far, even for Europeans – not that they don’t already have enough crises on their [...] Among items transfered to local law enforcement agencies have been assault rifles and grenade launchers, even Blackhawk helicopters and .50 caliber machine guns ; In fiscal year 2011 alone, the Pentagon transferred almost $500 million worth of materials to domestic law enforcement — near double the previous year’s total
http://www.soundmoneycampaign.com The Fiat End Game: Preparing For A Way Forward, is a our latest micro-documentary focused on solutions to our current economic problems. Our current fiat currency standard is terminal, nations around the world are dropping the U.S. dollar as a medium of exchange, central banks are buying gold, and Americans are seeing price inflation during an economic downturn. In order to avoid a systemic financial crisis here in the U.S., [...]
Bill Black is a former bank regulator who played a central role in prosecuting the corruption responsible for the S&L crisis of the late 1980s. He is one of America’s top experts on financial fraud. And he laments that the US has descended into a type of crony capitalism that makes continued fraud a virtual certainty – while increasingly neutering the safeguards intended to prevent and punish such abuse. In this [...] by Phoenix Capital Research
We are now seeing clear signs that the US is moving back towards a recessionary territory.
The first quarter US GDP data showed the US economy growing at an annualized rate of just 2.5% (3.0% was expected).
The only reason growth was even this high was because the Government understated inflation, recording a GDP deflator of 1.2%. This is bizarre given that the “official” inflation data point, the Consumer Price [...] Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves. One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup’s, according to e-mails reviewed by The New York Times. The bill would exempt broad swathes of trades from new regulation. In a sign of [...] Rep. Steve Pearce questions Treasury Secretary Jack Lew in front of the Financial Services Committee on Wednesday, May 22nd, 2013. ‘Restoring liberty in America is not only possible, but already underway’ Sheriffs and peace officers from across the country will be meeting with likeminded supporters for a national convention focused on one goal: restoring constitutional rule in the United States of America. From May 31-June 1, the Constitutional Sheriffs and Peace Officers Association, or CSPOA, will be meeting in St. Charles, Mo., for its Heartland of America Conference. The purpose of the conference [...] Remember: Japan was using almost 25% of their tax revenue to service their national debt before this spike started. They are in a debt trap and the noose is tightening. Rapidly. http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2013/05/20130522_JGB2.jpg
Japan Govt Bond Year to maturity 10 Year Simple Yield http://www.bloomberg.com/quote/GJGB10:IND/chart THE ECONOMIC COLLAPSE OF JAPAN IS NOW IN PROGRESS – ALL THE ELEMENTS ARE IN PLACE FOR A DEBT CRISIS http://investmentwatchblog.com/the-economic-collapse-of-japan-is-now-in-progress-all-the-elements-are-in-place-for-a-debt-crisis/ Japan’s bond market is officially losing control.
We have definitely taken out the multi-year trendline [...] by Michael Noonan
We cannot control the markets, but we can control how to respond to what they are saying. The paper market has been turned into a circus, thanks to JP Morgan, and abetted by the exchanges, COMEX and LME. Focus has to remain on the physical market, for it is where one can expect to find true value for price. What everyone has learned is that as price has declined, [...] from The Victory Report: Greece’s infamous new drug, sisa, is basically meth and filler ingredients like battery acid, engine oil, shampoo, and cooking salt. The majority of its users are poor, often homeless, city dwellers reeling from the psychological and physical impacts of a country in the grip of economic collapse. Part II Dirty Laundry, Golden Money – Darryl Robert Schoon Everything you need to know that the media is not telling you… Stefan Molyneux, host of Freedomain Radio – and winner of the 2012 Liberty Inspiration Award – breaks down the unspoken facts about the end of freedom, opportunity and trade in the modern United States. There will be no economic recovery, prepare yourself accordingly.
As the market panic demonstrates, central banks are stuck on a treadmill of money printing Oh what a tangled web central bankers weave when they practice to deceive… Last night’s panic in Tokyo, where the Nikkei dropped a stomach churning 7 per cent, demonstrates just how difficult it’s going to be for the world’s central banks to exit their loose money policies. It’s not even as if Ben Bernanke, chairman of the [...] This is huge!! (The page is a google translation, so sorry for its bad grammar) “Berlin – The Federal Data Protection Commissioner Peter Schaar has announced the Microsoft Xbox game console One criticism. “Under the heading, game device ‘Microsoft pushes a monitoring device in the market,” Schaar told SPIEGEL. “The Xbox continuously records all sorts of personal information about me. Reaction rates, my learning or emotional states. The are then processed on [...] This was deleted from the website after a couple of hrs can you say cover up they even provide evidence that it was not a weather balloon it stayed in sight for over 4 hrs He’s either incompetent or a liar. Hint, it’s not the former. Grayson2014.com Mount Etna eruptions becoming more violent, and scientists are baffled as to why Posted on May 26, 2013by The Extinction Protocol May 26, 2013 – ITALY – Mount Etna is spitting lava more violently than it has in years, and scientists are baffled as to why. Despite being the world’s most-studied volcano, the Sicilian mountain is also its most unpredictable. The volcano is raging. Fountains of lava, some taller than the Eiffel [...] Perhaps the best way to predict how society will react to so-called wearable computing devices is to read the Dr. Seuss children’s story “The Butter Battle Book.” The book, which was published in 1984, is about two cultures at odds. On one side are the Zooks, who eat their bread with the buttered side down. In opposition are the Yooks, who eat their bread with the buttered side up. As the [...] Sky Sources: man stabbed in Woolwich https://twitter.com/SkyNewsBreak/status/338677386402988035 A 20-year-old man has been stabbed in the chest and arm in Woolwich just days after the murder of Drummer Lee Rigby. The attack took place about 300 metres from the spot where flowers and cards were left in memory of the Drummer Rigby. http://news.sky.com/story/1095844/man-stabbed-near-site-of-woolwich-murder Large explosion heard in Northern Israel, apparently rocket hit from Lebanon — reports DEVELOPING: Residents in northern #Israeli city of Metula report hearing explosion; no word of rockets - Sources: Rocket fired from south Lebanon toward Israel Lebanese security sources say rocket has been fired in Israel’s direction, although it wasn’t immediately clear where it had landed; Israeli forces are searching Metula region for source of blast. http://www.haaretz.com/news/diplomacy-defense/sources-rocket-fired-from-south-lebanon-toward-israel-1.526118 @L0gg0l Large explosion heard in Northern Israel, apparently [...] Marco Torres In the not too distant future, consumers will be able to run on-the-spot tests for environmental toxins, GMOs, pesticides, food safety and more with their smartphones and other hand-held devices. Every human being on every developed nation on Earth, whether living in a rural or isolated area, in the middle of a large city, or near an industrialized area, now contains at least 700 contaminants in their body [...] Econofeuds just got real.
Carmen Reinhart and Kenneth Rogoff — the two economists whose paper on the negative effects of high debt loads was exposed as flawed by a grad student — have written a long letter to Paul Krugman, blasting him for being uncivil and unprofessional in how he treats them in his writing. The letter is quite long, not just going through Krugman’s tone, but also in going through his past [...] LONDON – Britain’s government is setting up a new terrorism task force to tackle radical preachers and extremism, officials said Sunday, days after suspects apparently linked to extremist Islamist activists brutally killed a British soldier in a London street. Home Secretary Theresa May said the group will look at whether new powers and laws are needed to clamp down on religious leaders and organizations who promote extremist messages and who target [...] This past week saw the stock market sell-off a bit.
With markets near all-time highs, is it possible we’ve seen the top? “They come and go,” said Jack Bogle, warning that the market is probably due for a 25-50% sell-off. “I went through one in 1973-1974, I went through one in 2001, 2002, 2003; I went through another one 2008-2009. They’re kind of scary – often terrifying – but it’s typical.” Indeed, the bears [...] The Chinese government is planning for private businesses and market forces to play a larger role in its economy, in a major policy shift intended to improve living conditions for the middle class and to make China an even stronger competitor on the global stage. In a speech to party cadres containing some of the boldest pro-market rhetoric they have heard in more than a decade, the country’s new prime minister, [...] bbc.co.uk French anti-terrorist investigators are handling the case of a soldier stabbed while on duty near Paris on Saturday evening, prosecutors have confirmed. The soldier was wounded while on patrol in La Defense, a business district west of the French capital. Private First Class Cedric Cordier was approached from behind and stabbed in the neck with a small-bladed knife. Defence Minister Jean Yves Le Drian told reporters that he had been targeted [...] NEW YORK (CBSNewYork) — Memorial Day weekend it may be, but it might as well be mid-March for New Yorkers who stepped outside Saturday. The Jersey Shore has technically reopened for the start of the season for the first time since Superstorm Sandy, but not too many people were heading to the shore on Saturday, 1010 WINS’ John Montone reported. Gale force winds were blowing in from the west and chopping up the [...] Fifth night of violent riots in Stockholm saw schools destroyed Turmoil began Sunday night after police shot a man in Husby suburb Incidents in other parts of Sweden spark fear riots are spreading
It is supposed to be the model multicultural state. But Sweden is facing problems of its own after gangs of immigrants spent a fifth consecutive night rioting in Stockholm. Officers are battling [...] #BreakingNews: Two rockets hit Hezbollah-controlled district in southern Beirut: Reuters http://www.breakingnews.com/…. Rockets hit south Beirut after Hezbollah vows Syria victory http://www.ltbx.com/news/world.php?display=story&article=BRE94P01M Reuters World ‏@ReutersWorld 4m Two rockets hit Hezbollah-held district in Beirut: residents RT ‏@RT_com 13m DETAILS: Two explosions hit Lebanon’s capital near a car dealership Two explosions in the southern part of the Lebanese capital have injured at least five people, state news reported. The attack on the Hezbollah-controlled district comes hours after the movement’s chief pledged [...] To the viewer it is an accomplished semiabstract image of flowers and clouds, but in fact this painting was produced by a paralysed woman solely through the power of thought. Heide Pfützner, a former teacher from Leipzig, Germany, was diagnosed with Amyotrophic Lateral Sclerosis, also known as Motor Neurone Disease, yet she has managed to produce a series of the paintings with the aid of a new brain controlled computer. She has [...] New York congresswoman Carolyn Maloney announces that she will take part in the opening of a New York City migraine center. Maloney will be joined by Manhattan borough president Scott Stringer and city councilwoman Jessica Lappin. http://www.weeklystandard.com/blogs/congresswoman-announces-opening-migraine-center_729065.html Clinton leads 2016 poll: Hillary Clinton tops the latest poll of potential 2016 presidential candidates in Iowa. Clinton comes out ahead of Sen. Marco Rubio and Sen. Rand Paul. Hillary Clinton for president in 2016? Husband Bill says, “Relax.” Let his wife enjoy a bit of a private life for the first time in two decades. But as far as the pollsters are concerned, the 2016 race is underway. And Kentucky Sen. Rand [...] Deutsche Bank. Big bank. Biggest bank in Germany, and one of the biggest banks in the Euro Zone… they’re going to go belly up. Watch it. Watch it, I said it, it’s going to happen. They are in such a danger zone, they don’t know what to do. Deutsche Bank’s derivative debt is greater than the global economy. That is one bank. $72 trillion in derivative exposure. The entire global economy, [...] |
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