Are The Prophets Of Doom Right About Major War, $200 Oil, $2000 Gold And Dow 5000 By The End Of 2012?

Are the “prophets of doom” right? Is a major war going to erupt in the Middle East? Is the price of oil going to $200 a barrel? Is the price of gold going to hit $2000 at some point over the next two years? Is the Dow going to drop to 5000 by the end of 2012?  Right now there are some very respected financial experts that are making some absolutely stunning predictions.  Charles Nenner, Gerald Celente and Lindsey Williams are all frequent guests on popular television and radio shows and they are all forecasting very difficult economic times over the next couple of years.  So are they right? (Read More...)

21 Signs Of Impending Doom For The 2011 Economy

If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention.  The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly.  Right now there is major civil unrest in at least a dozen different nations in Africa and the Middle East.  The civil war going on in Libya has sent the price of oil skyrocketing and the protests that are scheduled to begin in Saudi Arabia later this month could send oil prices even higher.  Meanwhile, the sovereign debt crisis in Europe just seems to get worse by the day.  Several nations in Europe are suddenly finding that it has become extremely expensive to finance more debt.  It appears that it will only be a matter of time before more bailouts are needed.  Meanwhile, the United States is also covered in a sea of red ink and the economic situation in the largest economy on earth continues to deteriorate rapidly.  It is as if the entire world financial system has caught a virus that it just can’t shake, and now it looks like another massive wave of financial disaster could be about to strike.  Does the global economy have enough strength to weather a major oil crisis in 2011?  How much debt can the largest nations in North America and Europe take on before the entire system collapses under the weight?  Will 2011 be a repeat of 2008 or are we going to be able to get through the rest of the year okay?  Only time will tell. (Read More...)

Don’t Worry, Be Happy: Unemployment Is Down, The Stock Market Is Up And The Economy Is Going To Be Just Fine

Haven’t you heard?  The coming economic collapse has officially been canceled.  The U.S. economy is in full recovery mode.  It has just been announced that the U.S. unemployment rate fell to 8.9% in February.  That was the third monthly decline in a row.  192,000 new jobs were created in the U.S. during February.  That was the fifth month in a row in which the U.S. economy has gained jobs.  Corporate profits are way up.  For the most recent month that numbers are available, sales of GM vehicles were up 49%, sales of Chrysler vehicles were up 13%, and sales of Ford vehicles were up 10%.  Can’t you see?  The great American economic machine has roared back to life.  The stock market is way up this year.  The recession is over.  Our financial system is more stable than ever.  Pretty soon all Americans that want jobs are going to be able to get jobs and all of our government debts are going to be paid off.  The greatest days for the U.S. economy are just around the corner.  So don’t worry, be happy. (Read More...)

Yes, You Can Survive The Coming Economic Nightmare – One Family In California Grows 6,000 Pounds Of Produce On Just 1/10th Of An Acre

If you work hard and get prepared, you can survive the economic nightmare that is coming.  All over the United States and around the world there are millions of people that are learning how to become more self-sufficient.  For example, there is one family that is actually producing 6000 pounds of produce on just 1/10th of an acre right in the middle of Pasadena, California.  In fact, they grow so much food that they are able to sell much of it to restaurants in the area.  Video of this incredible “urban homestead” is posted below.  The key is to start with what you have.  The family in the video below would like to have a large acreage, but for now they have turned what they do have into an absolute miracle.  Yes, a horrific economic nightmare is coming to this country, but you don’t have to be afraid.  One of the main reasons why so many of us are trying to warn people about what is coming is so that they will wake up and take massive action to become self-sufficient like the people in the video below have. (Read More...)

Divide And Conquer: The Union Protests In Wisconsin And Ohio Are Increasing The Hate Between The Left And The Right

What is the perfect way to get the eyes of the American people off of the real economic problems that this country is facing?  Get them fighting with each other of course.  And what is one issue that is sure to get the left and the right screaming at each other like cats and dogs?  Unions.  The battle over collective bargaining rights in Wisconsin has been making headlines around the world for weeks and there are no signs that it is going to end any time soon.  In fact, Mordecai Lee, a political scientist at the University of Wisconsin-Milwaukee, says that it is “a battle to the death“.  The Democrats that have gone AWOL appear to be absolutely determined to stay away.  The protesters seem equally determined to keep on fighting.  Wisconsin Governor Scott Walker does not look like he plans to back down either.  Meanwhile, both sides are calling each other the most horrible names.  “Hitler”, “Stalin”, “Nazi” and “fascist” are just a few of the terms that are being thrown around by both sides.  What has been going on in Wisconsin has captured the imagination of the entire nation and it is creating even more hate between the left and the right in this country.  Unfortunately, as the economic pie in this nation continues to shrink, economic battles such as the one in Wisconsin are going to become quite common. (Read More...)

Will The Death Of The Dollar Lead To The Birth Of A New World Economic Order?

There is no getting around it.  The U.S. dollar is dying.  U.S. government debt continues to grow at a very frightening pace and the Federal Reserve is now buying up most of the new debt that is being issued.  At this point there is simply not enough money in the rest of the world to continue to feed the U.S. government’s endless thirst for more debt so the Federal Reserve has had to directly intervene in order to keep the Ponzi scheme going.  Other nations are rapidly losing faith in the U.S. dollar as they realize that there is simply no way that the U.S. government will be able to service this soaring debt for much longer.  Even now we are watching the U.S. dollar rapidly fall against a vast array of hard assets.  Virtually all major agricultural commodities have exploded in price over the past year, the price of gold is over $1400 an ounce again and last week U.S. crude oil prices topped $100 a barrel for the first time since 2008.  Meanwhile, the Federal Reserve continues to print dollars as if there is no tomorrow and the U.S. government continues to spend dollars as if the party is never going to end.  Yes, we are most definitely witnessing the death of the dollar. (Read More...)

Recession Over Or Just Beginning? 21 “Oh Crap!” Statistics About The U.S. Economy

Is the recession over or is the economic downturn just beginning?  Barack Obama and the Federal Reserve have been busy proclaiming that the U.S. economy is back on track, but the sad truth is that our economic problems look like they are about to get a whole lot worse.  Without oil, our entire economy would shut down cold.  Thanks to the chaos in the Middle East, oil is absolutely exploding in price.  In fact, the price of oil in the United States went up more than seven dollars today.  The global price of food has risen to record levels over the past 12 months and it is projected to continue to rapidly increase throughout all of 2011.  This is going to hit struggling families all over the globe very hard.  Meanwhile, thousands of manufacturing facilities and millions of good jobs continue to flee the United States.  The gap between the wealth that we consume as a nation and the wealth that we produce as a nation continues to grow.  We have attempted to fill this gap with asset sales and with massive amounts of debt, but that is a game that cannot last forever.  When we come to the end of every single month, we are poorer as a nation and we are deeper in debt as a nation.  From “sea to shining sea” we have become a nation that is flooded with red ink. (Read More...)

10 Things That The Egypt Riots Can Teach Us About What Happens When Society Breaks Down

The rioting in Egypt is perhaps the biggest single news story so far in 2011.  The pace at which Egyptian society has been transformed over the past week has been absolutely breathtaking.  A few months ago, nobody would have ever dreamed that there would be huge riots in the streets of major Egyptian cities calling for the resignation of Hosni Mubarak.  But it has happened, and now Egypt will never be the same again.  So what does the future hold for Egypt?  Well, many are hopeful that this revolution will bring about a better government in Egypt and a better way of life for average Egyptians.  Personally, I am not nearly so optimistic.  In fact, I believe that there is a great danger that an even more repressive government could take the place of the current regime.  But in any event, there are important lessons that the Egypt riots can teach all of us about what happens when society breaks down.  Societal collapse is often a very messy, very violent affair.  Someday if the global economy completely implodes, we may see economic riots erupt all over the world (including inside the United States) and we all need to get prepared for that. (Read More...)