With the massive monetary expansion experienced in recent months and the promise for unprecedented levels of money and credit supply increase in coming months, the United States Federal Reserve looks on paper to be sending America straight into hyperinflation. Germany’s post-World War I Weimar Republic, post-World War II Hungary, 2001 Argentina, and present day Zimbabwe [...]
Here are some of the worst predictions that were made about 2008. Savor them—a crop like this doesn’t come along every year. You wonder why so many have lost their savings? Keep listening to these people for future predictions and you will be in the soup lines. Unless you realize what is actually coming (A [...]
CHICAGO – The robber’s threatening note made a Chicago bank job easy to solve: The FBI says the suspect wrote it on his pay stub. An FBI affidavit says the man walked into a Fifth Third Bank on Friday and handed a teller a note that read “Be Quick Be Quit (sic). Give your cash [...]
Recap… Supply will and already is decreasing, demand will continue however.America price of goods will “go through the roof”. Demand abroad will be huge because the dollar will fall and other currencies will increase so they can buy stuff that because it’s so high will make it hard for us to purchase.Andy Busch said, “Biggest [...]
STANLEY COLBERTFrom Monday’s Globe and MailDecember 29, 2008 at 12:00 AM ESTAs I remember it, the Great Depression came quickly. My father suddenly stopped wearing suits and going to an office. We moved from a house to an apartment. After a while, he left the house wearing a brown uniform with a leather clip-on bowtie. [...]
By JOSE PAGLIERYThe Miami Herald Monday, December 29, 2008 MIAMI — Unemployed and strapped for cash, Floridians are asking for state assistance to feed their families in record numbers. In the last two years, the number of Floridians on food stamps has increased more than 40 percent to 1.7 million. That increase is the highest [...]
ST. PAUL, Minn. – Minnesota is deep in the hole financially, but the state still owns a premier golf resort, a sprawling amateur sports complex, a big airport, a major zoo and land holdings the size of the Central American country of Belize.Valuables like these are in for a closer look as 44 states cope [...]
I don’t have a crystal ball, but my forecasts have been fairly accurate and quite profitable over the past few years. While 2008 has been a tough year, all signs point to 2009 being much worse. Here is what I see on the horizon for the upcoming year. 1) The stock market decline will accelerate [...]
Comments: Stay tune I will have many more layoffs, closures and Shutdowns in the coming days POSTED HERE:Pharma LayoffsUK Adams Clothing Store CLOSEDADAMS CLOTHINGUK Insolvency specialist Begbies Traynor has predicted the collapse of between 10 and 15 national retail chains by mid-January as the recession bites. Last week, Seymour Pierce retail analyst Freddie George interviewed [...]
A rush on gold in tough timesAmid mounting woes on Wall Street, demand for gold bars and coins is running high.BY SANDY SHOREAssociated Press DENVER — Investors who have forsaken shaky financial markets for the safety of gold must feel a little bit like prospectors. As the worst recession in at least a generation spreads, [...]