(NaturalNews) – A noted expert says it’s not the tsunami of tax hikes and spending cuts coming down the pike that will bludgeon the nation’s economy in the coming weeks, but rather a raft of poor corporate performances and a lack of global growth that will take their toll on the markets. Read the rest of this entry »
(CNBC) – The markets are going to go into meltdown soon, so expect stocks to lose 20 percent of their value, Marc Faber, author of the Gloom, Boom and Doom report told CNBC on Tuesday.
“I don’t think markets are going down because of Greece, I don’t think markets are going down because of the ‘fiscal cliff’ — because there won’t be a ‘fiscal cliff,’ ” Faber told CNBC’s “Squawk Box.” “The market is going down because corporate profits will begin to disappoint, the global economy will hardly grow next year or even contract, and that is the reason why stocks, from the highs of September of 1,470 on the S&P, will drop at least 20 percent, in my view.” Full article here
(InvestmentWatchdog) – Marc Faber, publisher of the Gloom Boom, & Doom Report, told Bloomberg Television’s Trish Regan and Adam Johnson on “Street Smart” today that “Mr. Obama is a disaster for business and a disaster for the United States” and that he “thought that the market on his reelection should be down at least 50%.” Read the rest of this entry »
(ZeroHedge) – As massive as the LIBOR scandal already it is shaping up much larger manipulation is being planned by the Federal Reserve and and the Bank of England. Read the rest of this entry »
(OilPrice) – As the world economy teeters on the brink and rising oil prices threaten to de-rail the delicate roots of recovery we asked legendary investor Dr. Marc Faber to join us and give his views on high gasoline prices, the shale boom, alternative energy, developments in the Middle East and much more.
In the interview Mark talks about the following:
• Why investors shouldn’t buy oil right now • Why alternative energy investments are a bad idea for investors • Why Iran should be allowed Nuclear weaponsRead the rest of this entry »
See Also: (HuffPost) – Ron Paul On Donald Trump Endorsement: ‘I Was The Only Candidate Who Didn’t Kiss His Ring’ – Read More Here
Also: (StateColumn) – Poll: Ron Paul Crushes Rick Santorum in Nevada – Read More Here
(ZeroHedge) – While Marc Faber shares the usual stock of insightful market commentary, together with timing inflection points, and extended thoughts in the attached Bloomberg TV clip, it is the fact that he has officially joined Bill Gross, and so many others, in supporting the candidacy of Ron Paul as president. It is rather sad that only those who see beyond the surface of the current pyramid scheme facade, are bold enough to endorse the only man who is right for the White House. Fast forward to 15 minutes into the video to hear Marc Faber: “Ron Paul would be a very good president.” Read the rest of this entry »
By midday, the Standard & Poor’s index of 500 stocks had fallen about 2.5 percent to 1,155.47. The Dow Jones industrial average lost 303.34 points, or 2.6 percent, to 10,992.47, and the Nasdaq composite index was down 2.27 percent to 2,471.97. Read More Here
(Infowars) – Criminal Cartel Moves Forward With Printing $500 Billion In Funny Money – Read More Here
(BusinessInsider) – Here’s Why Everyone’s Thinking That Greece Might Default This Weekend – Read More Here
(EconomicCollapse) – The Obama Jobs Plan: 10 Reasons Why It Is A Bad Joke
So that was what we have been waiting for? That was what all the hype was about? With a little over a year until the next election, that was the “best shot” that Obama has for fixing the unemployment crisis in this country?
The Obama Jobs Plan (also now known as “the American Jobs Act”) is going to cost $447 billion and it is going to do next to nothing to create more jobs. Read More Here
(CNBC) – Marc Faber: Obama’s Job Package ‘a Complete Joke’
Pimco’s Mohamed El-Erian might like what he sees in President Barack Obama’s $447 billion jobs package but not so Marc Faber, the author of the Gloom, Boom and Doom report, who is not happy about the President’s plan.
The package is “another complete failure of Keynesian economics and corrupt interventions,” Faber told CNBC.com on Friday morning. Read More Here
(FoxBusiness) – The Economics of Disaster
Does the government work for us or do we work for the government? Read More Here
(SHTFPlan) – The Reality of Food Scarcity, Famine, and Massive Disruptions to Our Food Supply – Read More Here
(EndoftheAmericanDream) – The Future for Most Americans: Pathetic Jobs, Bad Debts and a Crappy Economy – Read More Here
(GoldCore) – Global Currency Wars Sees Swiss Franc Devalue 8.5% Against Gold In Week – Read More Here
(KurtNimmo) – Fed Boss Blames You for Depression
Ben Bernanke is “puzzled” (as Bloomberg puts it) by the fact consumers are not running out to buy cheap “goods” manufactured by slaves in China. Read the rest of this entry »
(Bloomberg) – Marc Faber Sees No Bubble in Gold Price Run Up
“I don’t think that gold is in a bubble,” Faber, publisher of the Gloom, Boom and Doom report, said in a phone interview yesterday from Chiang Mai, Thailand. “When you buy gold, it’s an insurance against systematic failure and problems in the financial markets.” Read More Here
(Reuters) – Analysis – Pension Funds in New Crisis As Deficit Hole Grows – Read More Here
(EconomicVoice) – Goldman Sachs Says That the Economic Collapse Is Coming – Read More Here
(EconomicCollapseBlog) – 25 Signs That The Financial World Is About To Hit The Big Red Panic Button – Read More Here
(EconomicCollapseBlog) – Wake Up America! 10 Very Obvious Reasons Why The Devastating U.S. Jobs Famine Is Going To Suck The Hope Right Out Of America – Read More Here
(CNN) – Postal Service may default on a $5.5 billion trust fund payment – Read More Here
(BusinessInsider) – THEY DID IT: Swiss National Bank Makes Epic Intervention Move, Sending The Swiss Franc Plunging – Read More Here
(AFP) – Swiss to supply bank information to U.S.: report – Read More Here
(GoldCore) – Swiss Franc Collapses 7% Against the USD, EUR and Gold – Swiss National Bank to Fix CHF to EUR and Debase Currency – Read More Here
(ZeroHedge) – Gold: Knock, Knock, Knocking On Record’s Door -
Update: gold is now at a fresh all time nominal high, with a price equivalent to that fateful year in which the world’s biggest and perfectly legitimate criminal cartel was founded on Jekyll Island some years ago. Read More Here
(EconomicCollapse) – Is The End Of The Euro In Sight? – Read More Here
(ZeroHedge) – Bring Out Your Dead – UBS Quantifies Costs Of Euro Break Up, Warns Of Collapse Of Banking System And Civil War – Read More Here
(NYTimes) – U.S. Markets Drop Sharply After Big Global Sell-Off – Read More Here
Video
(KurtNimmo) – Gold Surges On Weak Economy Data and Eurozone Debt Crisis
Gold has climbed once again as word circulates about a possible third round of money printing by the Federal Reserve on weak payroll data, tumbling stock markets, and the eurozone debt crisis.
“Gold gets a boost from further deterioration in the Greek sovereign debt crisis followed by heavy investor buying in the wake of U.S. jobs data showing no growth in employment,”James Steel, an analyst at HSBC Securities USA Inc., told Bloomberg on Monday. Read the rest of this entry »
(USAWatchDog) – There’s A Lot Less Real Money Out There – Read More Here
(SilverBearCafe) – Brace for Impact
“Brace for Impact” I have thought about this economic collapse title for months. I held onto it and figured I would know when the right time was to put it out there. Today is the day. Read More Here
(EurekaStreet) – Britain’s Riots And The New Financial Crisis – Read More Here
(CNNMoney) – Recession 2.0 Would Hurt Worse – Read More Here
(ZeroHedge) – Conscience of a Gold Investor
Many deep dilemmas face investors of Gold & Silver. First and foremost we feel an urgent need to defend ourselves against a crippled corrupted USDollar……. Read More Here
(WashingtonsBlog) – Former Labor Secretary: Obama Hopes to Distract the American People So We Forget About Grim Unemployment – Read More Here
(HMTreasury) – ‘Most Dangerous Time For Global Economy’
Statement by the Chancellor of the Exchequer, Rt Hon George Osborne MP, on the global economy Read More Here
(ZeroHedge) – NYT Reports Eurowide Short Selling Ban Imminent – Read More Here
(GoldCore) – Germany’s Best-Selling Tabloid Bild’s Front Page Encourages Readers To Buy Gold – Read More Here
(Bloomberg) – Yuan Climbs to 17-Year High Against the Dollar – Read More Here
(CNN) – Most Americans can’t afford a $1,000 emergency expense – Read More Here
(Infowars) – Insurance Giants Will Use Taxpayers to Bailout Cost from UK Riots
Following any disaster, be it man-made, or ‘Act of God’, there will be many losers, but there will also be some big winners. Some people might be surprised by who is who in this story. Read More Here
(CNBC) – Gold Settles Near $1,800 as French Fears Sink Stocks – Read More Here
(WashingtonsBlog) – CNBC: British Riots – And Unrest Worldwide – Caused By “Economic Uncertainty” – View More Here
(234Next) – Once Upon a Time in the West – Read More Here
(ZeroHedge) – Marc Faber: “The Best Thing The Fed Could Do For Markets Wold Be To Collectively Resign” – Read More Here
(SovereignMan) – The Price Of A Big Mac Meal Is Now $17.19 In Zurich – Read More Here
(WSJ) – Gold Vaults Charge More For Storing Bullion As Demand Soars -Report – Read More Here
(EconomicCollapse) – The Federal Reserve Saves The Stock Market? – Read More Here
(NBCNews) – Korean Stock Broker Leaps to Death Amid Market Plunge – Read More Here
(Infowars) – Gold Hits Record $1800, Tops Platinum
Only days after the S&P downgraded the U.S. credit rating from AAA and with France poising for downgrade, gold commodities hit another all-time high, soaring past $1800/oz.
The price reached $1808.60 late in the day (18:42 EST GMT) after touching $1801 earlier, fluctuating back and forth between the record psychological barrier. Gold eventually closed at $1795.40. Silver reached $39.40, gaining slightly.
Gold also surpassed Platinum, now at $1768/oz., which has historically held even more value, with a five year high of $2252/oz.
This leads analysts to expect that $2000-2500/oz gold or higher is easily possible by the end of the year. Continuing low interest rates from the Federal Reserve printing press as well as the recent downgrade of the U.S. credit rating both serve to further weaken the economy and dollar day by day.
(EconomicCollapse) – The Stock Market Crash Of 2011?
How far does the stock market have to go down before we officially call it a crash? The Dow is now downmore than 2,000 points in just the last 14 trading days. So can we now call this “The Stock Market Crash of 2011″? Today the Dow was down 519 points. Yesterday, an announcement by the Federal Reserve indicating that the Fed would keep interest rates near zero until mid-2013 helped the Dow surge more than 400 points, but all of those gains were wiped out today. Read the rest of this entry »
(DontTreadOnMe) – Emancipation Proclamation Redux – Read More Here
(BaldwinLive) – Raising The Debt; Lowering The Boom – Chuck Baldwin – Read More Here
(KurtNimmo) – S&P Rating Agency May Soon Downgrade U.S. Debt From AAA – Read More Here
(AmericanThinker) – Obama administration added $9.5 billion in new regulations last month
Aren’t you glad that Obama is once again going to “pivot” and focus on jobs now?
He might want to start by reigning in his runaway bureaucracy who are more concerned about carving out fiefdoms than in getting out of the way of job creation: Read More Here
(EuroPacific) – Gold is the True Reserve Currency – Read More Here
(DontTreadOnMe) – 4 Old Cartoons Explain The World – Read More Here
(HuffPost) – No Change In Jobs Report Equals Bad News – Read More Here
(ChinaWorker) – World Economy: Stock Market Collapse: “The Whole Ground Is Rocking – Read More Here
(BBC) – Yen Is Heading For A Currency Collapse – Read More Here
(AFP) – China Says Debt Financing Unlikely ‘to Save’ US, EU
“The only way the Americans have come up with to improve economic growth has been to take on new loans to repay the old ones,” a blistering commentary published on the official Xinhua news agency said.
“To eat May’s grain in April, however, will never be a permanent solution to a problem,” the report said. Read More Here
(Bloomberg) – Just 58% of work-age Americans have jobs, lowest since July 1983 – Read More Here
(ZeroHedge) – US Economy Has To Generate 256K Jobs Per Month Until The End Of Obama’s Second Term To Regain Lost Jobs Since December 2007 – Read More Here
(NYTimes) – NY Times Admits It’s a “Double Dip Recession”
Time to Say It: Double Dip Recession May Be Happening – Read More Here
(SkyNews) – Global Markets Tumble Amid Economic Fears
The FTSE 100 opened at more than 2.5% down, and markets in Paris, Frankfurt, Milan and Madrid also sustained sharp falls in early trading. Read More Here
Climategate
(BBC) – ‘Ice levels were about 50% lower 5,000 years ago’
Arctic ‘tipping point’ may not be reached Read More Here
Video
(ZeroHedge) – Marc Faber: “Next Week We Will See If Bernanke Is A True Money Printer Or Just An Amateur”
“The whole world is mad” – so says Marc Faber when beginning his latest observations of the markets in the attached Bloomberg TV interview.
“Stocks will be dropping 30%, then rallying 20%, and dropping another 30% – that’s going to be the pattern. And whoever can’t live with that shouldn’t be buying equities at all.” Read the rest of this entry »
(RussiaToday) – This week Max Keiser and co-host, Stacy Herbert, report on the murderer of the middle class and how the wealth effect equals the poverty effect. In the second half of the show, Max talks to Jim Rickards of Tangent Capital about the silver, gold, the dollar and quantitative easing. Read the rest of this entry »
See Also: (WashPost) – Japan’s Nikkei plunges 11 percent on radiation fears, sending global markets into a tailspin – Read More Here
(ZeroHedge) – Marc Faber appeared earlier on CNBC in response to a plunging market, and gave his latest updated outlook on QE3… and 4, 5, 6, 7 and 8 (not to mention 18). “We may drop 10 to 15 percent. Then QE 2 will come, (then) QE 4, QE 5, QE 6, QE 7—whatever you want. The money printer will continue to print, that I’m sure. Actually I made a mistake. I meant to say QE 18.” Read the rest of this entry »
(GoldPrices) – Gold, Silver and Mining Companies Shaping Up
We will kick off with a review of the charts for gold, silver and the gold bugs index, the HUI, in an attempt to see where we are now and just where we might go from here. However, to put the charts into context we need to take into consideration the surrounding political, economic and investment landscape. These are volatile times with the financial markets in turmoil as what were perceived to be sound and secure governments now toil under the strain of their own excesses. The borrow and spend philosophies are coming back like a bad penny, to haunt not just those who caused this mess, but also for the rest of us, who are expected to clear it up. Read More Here
(InternationalForecaster) – Towards Another Stock Market Meltdown? – Bob Chapman
This past week the Dow fell 4%, S&P 4.2%, the Russell 2000 fell 6.4% and the Nasdaq 100 fell 4.4%. Banks fell 5.4%; broker/dealers 4%; cyclicals fell 5.6%; transports 5.5%; consumers 3.4%; utilities 4.3%; high tech fell 3.7%; semis 1.3%; Internets fell 4.2% and biotechs 4.2%. Gold bullion fell $56.00, the HUI gold index fell 11.4% and the USDX, dollar index, fell 0.8% to 85.38. Read More Here
(BusinessInsider) – Video: Marc Faber – “The Banks Are Gone” – (Part 1 Video Below)
Marc Faber spoke with Bloomberg Television about his bearish views on markets yesterday, and they remain as bearish as always.
“The banks are gone,” according to Marc Faber, and are only being kept alive by European Central Bank and government aid programs. Part 2 Here
(HuffingtonPost) – $1 Trillion for Wars Makes No Sense By Any Measure
This May 30 at 10:06 a.m., we will reach another dubious milestone in our almost nine years of war. At that precise moment, we will have spent $1 trillion in operational costs for the wars in Iraq and Afghanistan, tracked by the National Priorities Project’s cost of war counter. Read More Here
(SteveWatson) – Secret Clause Reveals Europe Bailout Designed To Destroy Global Economy
A secret exit clause written into the trillion dollar European bailout agreement will ensure the creation of more debt in Europe, worsening the global economy, decimating nation states and allowing power to be consolidated into fewer super-elite hands.
As the Financial Times reports today, the major German newspaper Bild says it has obtained a copy of the bailout agreement and has set about “exposing” a series of secret clauses. Read More Here
(GoldScents) – How Do You Answer The Question
Let me start off by pointing out that we did indeed break below the yearly cycle low yesterday. Read More Here
(AP) – Falling home prices stir fears of new bottom
Tax credits and historically low mortgage rates have failed to lift home prices so far this year. Prices fell 0.5 percent in March from February, according to the Standard & Poor’s/Case-Shiller 20-city index released Tuesday.
That marks six straight months of declines — a sign that the housing market is going in reverse. Read More Here
(BigGovernment) – Faber: Nations Will Print Money, Go Bust, Go to War…We Are Doomed
Today the leading Austrian economic think tank, the Ludwig von Mises Institute held a conference at the University Club in Manhattan in which Marc Faber, famed contrarian investor and publisher of the “Gloom, Boom and Doom Report” gave his perspective on the financial crisis and his outlook for the future. Read More Here
(CNBC) – Libor Spike Is Rekindling Fears Of Another Financial Crisis
A recent spike in the rate banks charge each other for short-term borrowing is reviving investor fears that the market is returning to the abyss of the credit crisis. Read More Here
(OilPrice) – The Hard Truth About Residential Real Estate
Anyone who believes that housing is on the rebound, and that now is the time to buy, should take a very hard look at the numbers I dredged up for my spring lecture and luncheon tour.
There are 140 million personal residences in the US. Today, there are 26 million homes either directly or indirectly for sale. Read More Here
(Cryptogon) – Plummeting Marijuana Prices Create A Panic In California
Understand the purpose of the drug war with just one story. Hint: Law enforcement is used to keep supplies down and prices high.
So what changed?
California is broke and the state government wants a cut of the action. Read More Here
(RevoltofthePlebs) – Fear and Loathing (and Lost Wages)
Last week, Barrack Obama brought his stage show to a manufacturing plant in Youngstown Ohio and took credit for 290,000 new jobs added to US payrolls in April. “The fact is, our economy is growing again,” he boasted “Any fair-minded person would say that if we hadn’t acted … more people across America would be out of work today.” He’s speaking of course of the $787 billion Recovery Act that pumped even more counterfeit cash into the economy and is now redeemable (at interest) by the Federal Reserve from your American tax dollar. Read More Here
New Jersey Governor Chris Christie said the state is “careening our way toward becoming Greece” and can’t afford the cost of benefits and pensions for current workers. Read More Here
(Bloomberg) – Moody’s Reiterates U.S. Spending Risks Credit Rating
The U.S. government’s Aaa bond rating will come under pressure in the future unless additional measures are taken to reduce projected record budget deficits, according to Moody’s Investors Service Inc. Read More Here
(FoxNews) – Despite Soaring National Debt, Congress Goes on Spending Spree
As the national debt clock ticked past the ignominious $13 trillion mark overnight, Congress pressed to pass a host of supplemental spending bills to, among other things, fund the continuing wars in Afghanistan and Iraq, ramp up security on the U.S.-Mexico border and prevent teacher layoffs. Read More Here
(PaulWatson) – Video: Rothschilds Engineer Fire Sale Of UK Infrastructure To Offshore Corporations
The Rothschild banking family is pushing for the privatization of the UK’s motorway network that would force Brits, who already pay road tax, to enrich the coffers of private corporations intimately tied in with the Rothschilds by means of road tolls and pay-by-mile schemes enforced with spy cameras.
“A plan to privatize the UK’s motorway network, giving toll firms access to large swaths of road, would take place under the guise of paying down the government’s debt, British media reported Tuesday, citing a number of key officials who support the scheme, proposed to all major political parties by NM Rothschild, one of the world’s oldest, most influential and little discussed investment banks, founded by the Rothschild family,” reports Raw Story. – Read the rest of this entry »
(FoxBusiness) – May 10 – The Gloom, Boom and Doom Report Publisher Marc Faber weigh in on the future of the global and U.S. markets. Read the rest of this entry »
(BNN) – May 7, 2010 – “The whole financial system in the world will reset” – “it’s very dangerous in life to be right when the governments wrong”Read the rest of this entry »
(RussiaToday) – Video: World economies in depression – Webster Tarpley – View Video Here
Video: Letterman – Brian Williams On The Stock Market Collapse – View Video Here
(Fox) – Video: Ron Paul on FOX News – “This is a currency crisis” – Video Link Here
Video: Senate Sellout Threatens Ron Paul’s Audit the Fed Bill – View Video Here
(AFP) – Merkel blasts ‘treacherous’ banks in Greek crisis
German Chancellor Angela Merkel on Thursday slammed “treacherous” practices by banks during the Greek crisis and said governments must crack down on speculators hunting profits in the turmoil. Read More Here
(GlobalResearch) – The Global Economic Crisis, The Great Depression of the XXI Century – Michel Chossudovsky
The following text is the Preface of The Global Economic Crisis. The Great Depression of the XXI Century, Michel Chossudovsky and Andrew Gavin Marshall (Editors), Montreal, Global Research, 2010, which is to be launched in late May.
Each of the authors in this timely collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people’s lives. Read More Here
(C-SPAN) – Video: Ron Paul – Money Isn’t Worth What It Used To Be! – View Video Here
(Infowars) – Video: Bankers Laughing All the Way to the Bank
The ‘Audit the Fed’ bill has been watered down by Senator Bernard Sanders right at the last minute (a common strategy: pretend to be a populist, then at the last minute, the politician “gives in” in the spirit of compromise). The Audit the Fed bill could go to vote in the Senate any day now. View Video Here
(Infowars) – Video: Greg Palast Tells How The IMF Set-Up Iceland & Greece on Alex Jones TV – View Video Here
(StraitsTimes) – Romania braces for austerity
ROMANIA braced on Friday for a wave of protests after the president unveiled austerity cuts in public sector wages and pensions to meet a deficit target set by the IMF and avoid a Greek emergency scenario. Read More Here
(CNSNews) – Sen. Shelby: Financial Reform Violates Privacy
Sen. Richard Shelby (R-Ala.), senior Republican on the Senate Banking Committee, said that provisions in the new financial regulatory bill violate privacy rights by allowing the government to collect any financial information it wants from any financial institution it wants. Read More Here
(GlobalResearch) – Economic Slash and Burn: Greece’s Deadly Austerity Measures
The Greek government, and its citizens, are feeling the economic pinch. A brutal reaction to protestors who fear the winding back of the country’s social system has stunned visitors and the public alike. A general strike has been in progress that has crippled schools, hospitals, airline flights and ferries. Protestors have swarmed around the central square in front of Parliament. Read More Here
(USAWatchdog) – The Canary is Dead
In the early days of coal mining, canaries acted as a warning that odorless poisonous gas was present. If there was a dangerous gas build-up, the canary would be the first to keel over. You can use the “canary in a coal mine” metaphor to describe the situation in today’s financial world. Greece is the canary. Read More Here
(BusinessInsider) – The “Real” Unemployment Rate Jumps To 17.1%
The BLS’s U-6 number, which is sometimes called the “real” unemployment rate, because it takes into discouraged workers who aren’t looking for work ticked up in April from 16.9% to 17.1%. Read More Here
U.S. regulators plan to examine whether securities professionals triggered yesterday’s stock- market plunge or exploited the turmoil to profit illegally, two people with direct knowledge of the matter said. Read More Here
(Xinhua) – Greek protesters encircle parliament as new austerity measures approved
Tens of thousands of Greek citizens marched in the center of Athens on Thursday afternoon, encircling the parliament building, while inside the bill on the new austerity measures was approved. Read More Here
(BusinessInsider) – Amazing Audio From The S&P 500 Pits As The Market Goes Into Complete Collapse – Audio Link Here
(PrisonPlanet) – Audit the Fed Amendment Modified – Allows Fed To Keep Secrets
Ron Paul just posted the following message on Facebook:
Ron Paul: “Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate. His “compromise” is what the Administration and banking interests want: they’ll allow the TARP and TALF to be audited, but no transparency of the FOMC, discount window operations or agreement with foreign central banks. We need to take action and stop this!”Read More Here
(Neithercorp) – Economy Kept On Life Support While Global Governance Is Organized
While the mainstream media puts on the recovery song and dance, the fundamental problems of the collapse remain the same, and in some cases are growing ever more precarious. Subsections of the public, unaware of the real issues at hand, are holding a misguided jubilee in the tranquil eye of a hurricane, wrongly assuming that the storm has passed. Read More Here
(FireDogLake) – As Dow Swings, Obama To Come Out Against Audit the Fed Today – Read More Here
(Bloomberg) – Video: Marc Faber On Dow Plunge
“The governments are all bankrupt and they can only survive by printing money” – View Video Here
(PaulWatson) – EU Is Collapsing Like Tower Of Babel
Marc Faber, publisher of the Gloom, Boom & Doom report, talks about growth in lending and increases in property prices in China. Faber also discusses his caution about buying industrial commodities and Australian stocks. He speaks with Bloomberg’s Liza Lin in Singapore. Read the rest of this entry »
The government leads you to believe that we are in an economic recovery…however it is actually the total opposite. A depression and inflation are what the US is looking forward to. Read the rest of this entry »
(LondonTelegraph) – Detroit family homes sell for just $10
Family homes in Detroit are selling for as little as $10 (£6) in the wake of America’s financial meltdown. The once thriving industrial city has suffered a dramatic decline following the global economic crisis. Read More Here
(WallStreetWarZone) – Wall Street Lobbyists Spend $400 Million to Kill Financial Reforms & Destroy America
Yes, Wall Street wins, again. Wall Street’s control America is a drama right out of a Scorsese film about the mafia and crime in New York. They bought off Chris Dodd, who’s capitulated to the darkside while “interviewing” for a million dollar job as a lobbyist. They bought off, President Obama. Read More Here
Video: The Globalist Push To Crush The Rich Nations In Preparation For Global Carbon Tax And New World Order – Video Link Here
(YahooFinance) – Video: Faber and Mish – We’re Doomed and Washington Can’t Do Anything About It
Washington is patting itself on the back for having orchestrated an amazing economic recovery. But Washington lawmakers are a delusional bunch of boneheads, say Marc Faber and Mike “Mish” Shedlock, editor of the Gloom, Boom, and Doom Report and investment advisor at SitkaPacific Capital Management, respectively. Video Link Here
(NeitherCorp) – Economy Kept On Life Support While Global Governance Is Organized
Winter is slowly melting away here in the U.S., and Spring will soon be upon us. Wall Street is currently flush with delight at the year long run of the stock market (driven by fiat bailouts), which at first glance appears to be doing quite well, though international incidences such as those in Dubai and Greece have revealed how shaky the market actually is in the face of any unhealthy news. Read More Here
(SilverBearCafe) – Calling All Rebels
There are no constraints left to halt America’s slide into a totalitarian capitalism. Electoral politics are a sham. The media have been debased and defanged by corporate owners. Read More Here
(Goldseek) – Robbing the Old to pay the Rich
The senate boldly and blatantly refused to give 57 million elderly individuals $250 more. The story below highlights this point. Read More Here
(MiamiHerald) – Officials: 2.5 million Floridians on food stamps
More than 2.5 million Floridians are on food stamps, up from three years ago where 1.2 million residents received assistance. Read More Here
(ConsortiumNews) – How Big Business Dupes the Masses
Editor’s Note: In the Great Snookering of America, millions of working- and middle-class Americans are being influenced by ads and activist groups that purport to stand with them against the tyranny of Big Government – when the money really represents Big Corporations that want carte blanche to treat these Americans like a la carte items on a menu. Read More Here
(Oftwominds) – Why California Is Doomed
California is doomed for two simple but profound reasons: the cost structure is too high for most businesses to survive, and a boom-dependent economy. Read More Here
(DailyMail) – Greece rocked by riots as up to 60,000 people take to streets to protest against government
Street clashes broke out between rioting youths and police in central Athens today as tens of thousands demonstrated during a nationwide strike against the cash-strapped government. Read More Here
(FreedomInOurTime) – Czars to Serfs: Pay Up and Shut Up
It would be difficult to find a more candid expression of the parasite class’s predatory contempt for the productive than the words that departed Mesley’s snout. The police union capo will occasionally remove that appendage from the public trough just long enough to spew demands for an ever-larger share of the wealth produced through the honest labor of others, or to justify some corrupt privilege he claims as a “cog in the mighty machine of state.” In all of this he is entirely typical of the army of public employees pillaging what little remains of America’s wealth. Read More Here
(Bloomberg) – Video: Jim Rogers – Greece Bankruptcy Would Be Good for Euro – View Video Here
(WashingtonsBlog) – In a must-read essay, Niall Ferguson slams the prevailing Keynesian consensus, and says that the sovereign debt crisis in Greece will spread to America:
What we in the western world are about to learn is that there is no such thing as a Keynesian free lunch…
US government debt is a safe haven the way pearl harbor was a safe haven in 1941.
And in a must-watch interview, Marc Faber says that the US, Europe and the entire developed world will default on their debt: Watch Video at Source
(RussiaToday) – Marc Faber, author of Gloom Boom and Doom Report says many Western governments would eventually follow the US ‘inevitable’ default suit. Outspoken investor and writer Marc Faber doesnt give America much time before it goes bust. Read the rest of this entry »
Max Keiser talks to Stacy Herbert about financial terrorism, Osama bin Laden, Peter Schiff, the world reserve currency, Jim Rogers, Marc Faber, Green Peace, Exxon Mobil, eco-terrorism, Sean Hannity, Bill O’Reilly, the war on drugs, CIA drug trade, the war on terror, false flag operations, Glenn Beck, propaganda. Read the rest of this entry »
Alex talks with contrarian investment analyst and entrepreneur Marc Faber. Faber publishes the monthly investment newsletter The Gloom Boom & Doom Report. On March 9 2009, he correctly predicted a U.S. stock market bottom. Read the rest of this entry »
(Yahoo) – After every financial crisis there’s a sovereign debt crisis, Marc Faber says. Countries that borrowed too much during the boom times start struggling to pay their competitors back, and eventually some of them default. Read the rest of this entry »
The Dollar Bubble starring Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Prepare now for the U.S. dollar collapse. Read the rest of this entry »
(WashingtonsBlog) – However, “military Keynesianism” – using military spending to stimulate the economy – has been U.S. policy for half a century. And the economist who coined that term said that such a policy always and “inexorably” leads to “an actual war” in order to justify all of the military spending. Read the rest of this entry »
20 reasons America has lost its soul and collapse is inevitable
Jack Bogle published “The Battle for the Soul of Capitalism” four years ago. The battle’s over. The sequel should be titled: “Capitalism Died a Lost Soul.” Worse, we’ve lost “America’s Soul.” And, worldwide, the consequences will be catastrophic. Read the rest of this entry »
(Bloomberg) – Marc Faber, publisher of the Gloom, Boom & Doom Report, appeared on Bloomberg today, expanding his view on the inflation/deflation, strong and weak US dollar debate. According to him, the losers will be cash and treasury bond and the winners will be foreign currency and commodities. Equities have some power to hedge inflation. Read the rest of this entry »
In 2000, America was described as the sole remaining superpower – or even the world’s “hyperpower”. Now we’re in real trouble (at the very least, you have to admit that we’re losing power and wealth in comparison with China).
How did it happen so fast? Read the rest of this entry »
(Bloomberg) – October 13, 2009 – Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg’s Bernard Lo about Faber’s investment strategy Read the rest of this entry »
(CNBC) – Oct 3, 2009 – Marc Faber, Editor and Publisher of the Gloom, Boom & Doom Report feels nothing has been solved in the US in the last 6-9 months and that a big economic crisis was still to be seen ahead. Read the rest of this entry »
After a massive upswing in US stocks over the last six months, the recent rally may finally be coming to an end. It seems that the trend of rising stocks on bad or better than expected news may be in a reversal, as evidenced by market participants’ caution over the last couple of weeks. For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise. Read the rest of this entry »
