1 Through 30 – The Coming U.S. Financial Crisis By The Numbers

The United States is drowning in a sea of red ink from coast to coast and most Americans have absolutely no idea what is about to happen.  Hopefully you have started to prepare for the coming U.S. financial crisis.  If not, hopefully this article will be a wake up call for you.  Right now, governments all over Europe are on the verge of financial implosion.  Most Americans aren’t paying much attention to that, but they should be, because what is happening to Greece and Italy right now will eventually be happening here.  Just recently, the U.S. national debt passed the 15 trillion dollar mark.  State and local government debt is also at record levels.  Tens of millions of American families are in debt up to their eyeballs, and millions more Americans fell into poverty last year.  Meanwhile, the “too big to fail” banks just keep getting larger and the Federal Reserve continues to inflate the debt bubble.  At some point this debt bubble is going to burst, and when it does it is going to unleash financial hell all over America. (Read More...)

Is China Hoarding Gold In Anticipation Of A Global Financial Implosion? 10 Facts About Gold Fever In China That May Surprise You

China officially has gold fever.  Chinese demand for gold in 2011 is being called “explosive” and “voracious”.  China imported five times as much gold in 2010 as it did in 2009, and this year gold sales in China are projected to easily set another new all-time record.  China produces more gold than any other nation on the planet and last year the Chinese consumed more than twice as much gold as Americans did.  Yes, the Chinese are officially in love with gold.  But why is that?  Is it because they are concerned about inflation?  Is it because the Chinese are losing faith in paper currencies?  Are the Chinese looking to diversify?  Has gold become a “trendy” status symbol in China?  Or is something else going on here? (Read More...)

Do NOT follow this link or you will be banned from the site!