We Are Doomed: 20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead

by Michael

Is the U.S. economy about to experience a major downturn?  Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now.  Freight volumes and freight expenditures are way down, consumer confidence has declined sharply, major retail chains all over America are closing hundreds of stores, and the “sequester” threatens to give the American people their first significant opportunity to [...]

Gold Is Money And All Fiat Currencies Are In Severe Trouble: Countries Are Trying To Diversify Away From US Dollar, Central Banks Are Matching Each Other Virtually Ease For Ease, And Last Year They Bought Most Gold Since ’64!! Jim Rogers: ‘We Should All Be Terrified’

 Is the Dollar Dying? Why US Currency Is in Danger

The U.S dollar is shrinking as a percentage of the world’s currency supply, raising concerns that the greenback is about to see its long run as the world’s premier denomination come to an end.

When compared to its peers, the dollar has drifted to a 15-year low, according to the International Monetary Fund, indicating that more countries are willing to use other currencies [...]

THIS IS HUGE!!! HSBC: the Worldwide Local Bank . . . for Money Laundering and Rogue Nations.

HSBC also understood the subtleties of – and were, apparently, fully invested in – money laundering for drug kingpins and terror cells, while ignoring U.S. sanctions established against rogue nations. HSBC’s US unit managed to position the brand in this way by accepting $7 billion of dollars from Mexican drug cartels, conducting 25,000 Iranian transactions totaling over $19 billion in just one week, and helping Saudi banks with terror financing for [...]

London Trader – Staggering 515 Tons of Gold Sold in 4 Hours

KWN

With many global investors still rattled by the recent price action of gold and silver, today King World News interviewed the “London Trader” to get his take on these markets.  The source told KWN that not only was a shocking amount of paper gold sold in just 4 hours yesterday, but it was also confirmed that the mainstream media is not reporting the staggering amount of physical gold that has [...]

I wrote the below over a year ago. It is even more true today:

I am a simple man with basic skills. I can add, subtract, multiply, and divide. I even know something about compounding interest. With these basic skills I could tell that something was not right in the housing market.

The banks, insurance companies, fed, etc. have MBAs. They have an army of MBAs. They employ teams of financial Einsteins to monitor every aspect of our economy. They have access to Googlebytes of economic [...]

Richard Russell – Massive Money Going Into Tangibles

kingworldnews.com

King World News has been receiving reports of staggering amounts of money moving into tangibles.  Today the Godfather of newsletter writers, Richard Russell, was discussing this very subject:  “I just went through the latest Rapaport jewelry and diamond magazine, and I was frankly amazed at the record prices paid at auction.  Obviously, big money is investing in valuable tangibles.  The prices that some of these jewels have gone for are at [...]

The Zionist Elephant In The Room

The political creed of Zionism has big ears and a long trunk and I think it’s time that was pointed out. It also stampedes through our lives at every level and that needs to be said, too.

It has created a pincer-movement on the human mind by hijacking staggering amounts of political, corporate, banking and media power on one side and by using the fear of being called ‘anti-Semitic’ if you [...]

Jim Rogers: US Govt to ‘Juice Up’ Economy in Election Year

The U.S. government will spend beyond its means and the Federal Reserve will print money to juice up the economy as part of an election-year popularity ploy, says international investor Jim Rogers.
“You have to remember two things — election in America in November, so you are going to see a lot of good news. Of course you have the American government spending staggering amounts of money right now, printing a [...]

The Zionist Elephant In The Room

The political creed of Zionism has big ears and a long trunk and I think it’s time that was pointed out. It also stampedes through our lives at every level and that needs to be said, too.

It has created a pincer-movement on the human mind by hijacking staggering amounts of political, corporate, banking and media power on one side and by using the fear of being called ‘anti-Semitic’ if you [...]

Jim Rogers: US Falling Into ‘Deeper Trouble, Faces 2013 Depression

The United States economy never really emerged from the recession that began in 2008 and is possibly headed for a more chronic depression, and the prognosis for recovery doesn’t look good, especially in 2013, says international investor Jim Rogers.

President Barack Obama has tried to spend the economy back into recovery, which never helps, Rogers told Newsmax.TV in an exclusive interview.

When an economy falls into a recession, which normally happens once [...]

Jim Rogers Warned This Morning That There Is A “100% chance” The World Is Facing A Financial Crisis Worse Than 2008 As Italy Implodes

Record surge in bond yields as Italian debt crisis passes point of no return

Paul Joseph Watson
Infowars.com
Wednesday, November 9, 2011

Veteran investor Jim Rogers warned this morning that there is a “100% chance” the world is facing a financial crisis worse than 2008, as Italy was plunged into chaos on the back of soaring bond yields which now make the country’s huge debt unsustainable, mandating yet another EU bailout.

“We’re certainly going to [...]

The Turning Point: Some technical analysts are calling for a major rally from here, but the massive injections of financial insulin don’t seem to be reviving the sagging global economy

by Charles Hugh Smith from Of Two Minds

The Turning Point

Some technical analysts are calling for a major rally from here, but the massive injections of financial insulin don’t seem to be reviving the sagging global economy.

The stock market and economy are both at a turning point. Analyst Martin Armstrong’s Economic Confidence Model ™ set the turn date as June 13/14, 2011.

In the stock market, a number [...]

FEAR: ‘Nearing Even Worse Financial Crisis’ – Jim Rogers

The U.S. is approaching a financial crisis worse than 2008, Jim Rogers, chief executive, Rogers Holdings, warned CNBC Wednesday.

“The debts that are in this country are skyrocketing,” he said. “In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.

“When the problems arise  next time…what are they going to do? They can’t [...]

KWN Source: Expect Massive Chinese Gold Buying Using GLD

The contact out of London has updated King World News on the massive Asian buyers which have been accumulating both gold and silver.  The London source stated,“What we’ve been talking about for the past few months, the Asians, particularly the Chinese buying staggering amounts of physical gold has just gone into the mainstream media.  The Financial Times was months behind King World News in [...]

We are on the Cusp of a STAGGERING Depression. You ain't seen nothing yet!

The line up goes down the block and around the corner for prosecutions against Goldman Sachs, Sovereign debt looms large, 8 more banks close, scandals in the financial sector continue to erupt everywhere, the public picks up the bills, we face a staggering depression, anger grows against wall street, a plan for permanent bailouts only favors the rich and corrupt.

Criminality reigns and the games go on. We recently saw the [...]