While the politicians battle it out over who would be to blame if the American economy hit a brick wall, Gerald Celente from the US-based Trends Journal says the political elite will not recognize simple solutions to curb America’s deficit. “The country is going bankrupt — just look at the numbers. The numbers do not lie — politicians lie,” nails Celente. The bigger picture includes the long-predicted devaluation of the dollar, says the forecaster, recalling that gold gained $US 115 an ounce last month alone. And against that background the talks about deficit reduction do not mention the most obvious measures like cutting the military budget or slashing foreign aid, which topped $US 57 billion a year. “How about companies like General Electric that made $US 14 billion last year, paying no taxes?” says Celente, who is sure there is plenty of room to turn the deficit situation around and clean up the economy. “We do not have a representative form of government, we have a government that represents only the very powerful and the very rich and that is all this is about — letting them keeping their perks. “RT on Twitter: twitter.com RT on Facebook: www.facebook.com
Posts Tagged ‘ Collapse ’
www.goldsilver.com Mike Maloney is the author of the world’s best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his ‘most likely’ scenario for the global economy over the next deacde…short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation the difference between currency and money, price vs value, ‘Wealth Cycles’, gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today’s bull market and that of the 1970s, The Debt Collapse, and more. If you would like to know more check out Mike’s websites www.GoldSilver.com and http Mike sends out a free weekly newsletter from each of the above sites each with valuable information on the economy and gold & silver, see you there. Default Greek Greece Debt Crisis Debt Debt Ceiling
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TRANSCRIPT AND SOURCES: www.corbettreport.com World markets experienced dramatic losses and rebounds last week as investors watched economic developments in Greece with growing anxiety…
Sep 15, 2008. The venerable Lehman Brothers investment bank said early Monday that it will file for bankruptcy, while Bank of America unveiled plans to buy Merrill Lynch — two pieces of news that profoundly alter the American financial landscape. The fast-paced changes capped a roller-coaster Wall Street weekend and threatened to stir up US financial markets already reeling from woes at other major financial firms and mortgage financing titans Fannie Mae and Freddie Mac. “This crisis is clearly deeper than anybody had imagined only a short time ago,” Peter Stein, an associate editor at The Wall Street Journal in Asia, told CNN. Lehman Brothers said in a statement early Monday that it plans to file for bankruptcy under Chapter 11 of the US Bankruptcy Code. The 158-year-old investment bank had been undermined by bad bets on real estate — the value of its shares declined 94 percent this year. The fall of Lehman followed a wild, three-day scramble by top Wall Street executives and federal regulators, who worked around the clock to come up with a solution to a still-unfolding financial crisis. By the end of the weekend, the Federal Reserve had stepped in to try to calm the markets by announcing plans to loosen its lending restrictions on the banking industry. A consortium of 10 leading domestic and foreign banks agreed to create a $70 billion fund for loans to troubled financial firms. Source: edition.cnn.com
Those that support the Republic, Liberty and the Bill of Rights may soon be labeled a domestic terrorist. The globalist speed up plans to collapse the US economy with the issue of the debt ceiling.
If the economic collapse is like Argentina and you don’t need to bug out, or you can’t bug out for any reason you will want to be in a fortified home, dwelling, or apartment. This will drastically slow down home invaders, robbers, burglars or anybody else that you want to keep out. Fortification measures are must have investments for the economic or dollar collapse. Also my pic with Ron Paul.
Alex talks with investment analyst and entrepreneur Marc Faber. He writes the monthly investment newsletter The Gloom Boom & Doom Report and is the author several books, including Tomorrow’s Gold: Asia’s Age of Discovery and Riding the Millennial Storm: Marc Faber’s Path to Profit in the Financial Markets. Faber has been a regular contributor to several leading publications around the world in the past, among them Forbes, the Financial Times, Financial Intelligence, Asian Bond Portal, Die Welt and others. new.gloomboomdoom.com www.infowars.com www.prisonplanet.tv
This time, Max Keiser and co-host Stacy Herbert look at emails from viewers on their “Peak America” moments and then check out the scandals of the Irish choice of being “good Europeans” or “bad Europeans”, as a result of bankers offering only “bad banks”; while Iceland refuses to settle at any price. In the second half of the show, Max goes Down Under to talk to economist Steve Keen about the global debt collapse.
This time, Max Keiser and co-host Stacy Herbert look at emails from viewers on their “Peak America” moments and then check out the scandals of the Irish choice of being “good Europeans” or “bad Europeans”, as a result of bankers offering only “bad banks”; while Iceland refuses to settle at any price. In the second half of the show, Max goes Down Under to talk to economist Steve Keen about the global debt collapse.