Economy
February 14th, 2010
(Bloomberg) – Marc Faber Discusses Global Financial Markets – View Video Here
(SHTFPlan) – Economic Anarchy: Be Prepared For a Massive Meltdown
An economic calamity is brewing, and as Brian at Survive Right points out, “ the articles are becoming more urgent, more prevalent and from more mainstream sources.” The collective consciousness senses that something is not as it’s supposed to be. Read More Here
(CommodityOnline) – Gold price will surge to $5,000 in two years
Gold Prices will climb to $5,000 within two years due to US dollar weakness and significant buying by players in the hedge fund industry looking to preserve the value of their funds. Read More Here
(WhiskeyNGunPowder) – Secession as a Solution to the Washington Debt Threat
Frédéric Bastiat must have been looking toward the future of the United States today when he said, “When plunder has become a way of life for a group of people living together in society, they create for themselves in the course of time a legal system that authorizes it, and a moral code that glorifies it.” Read More Here
Really Depressing Jobs for the Economically Depressed
As the Modern Economic Depression continues to expand and unemployment rises, job seekers struggling to make ends meet have increasingly ventured into hazardous occupations they are often ill-equipped to safely navigate. Read More Here
(AdBusters) – Chris Hedges: Zero Point of Systemic Collapse
We stand on the cusp of one of humanity’s most dangerous moments. Read More Here
(MyBudget360) – Commercial Real Estate Collapse Bigger than Subprime Implosion
Why is the Market Ignoring the $3.5 Trillion Commercial Real Estate Market Implosion? Pricing in Another Bailout Read More Here
(MoneyNews) – Laffer: Obama Budget Is Plan for Catastrophe
Economist Arthur B. Laffer, head of the Office of Management and Budget under President Ronald Reagan and founder and chairman of economic research and consulting firm Laffer Associates, says President Barack Obama’s proposed budget “is the perfect plan for catastrophe.” Read More Here
(NeitherCorp) – With A Deficit Like Ours, Who Needs Enemies…?
For decades, spurred by the alluring snake oil sales pitch of Keynesian Economics, U.S. financial analysts and Wall Street investors have operated on the assumption that indeed, “greed is good,” but debt… debt is better. Read More Here
(TimesOnline) – New tax bombshell: 20% VAT
A rise in VAT is looming whichever party wins the general election, as Labour and the Conservatives draw up plans to balance Britain’s books. Read More Here
(MailOnline) – Collapse of the euro is ‘inevitable’: Bailing out the Greek economy futile, says FRENCH banking chief
The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday. Read More Here
(DSNews) – Commercial Real Estate Losses Could Hit $300 Billion: TARP Panel
Losses from defaults on commercial real estate loans maturing in the next few years could go as high as $300 billion, threatening to topple nearly 3,000 community banks nationwide, a federal watchdog group has concluded. Read More Here
(LATimes) – In Utah, a plan to cut 12th grade – altogether
The proposal by state Sen. Chris Buttars would chip away at Utah’s $700-million shortfall. He’s since offered a toned-down version: Just make senior year optional. Read More Here
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