Are You Prepared For The Coming Economic Armageddon?
The Sequester is done, gone and overplayed but is the next catastrophe the coming economic collapse and the next great depression? Billionaires are dumping stocks and economists know why. One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.
Before you dismiss the possibility of a 90% drop in the stock market as unrealistic, consider Wiedemer’s credentials. In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy.
Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks and fast. Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome. Read more…
U.S. Can NOT Avoid Coming Economic Collapse – No Matter What! Here’s Why
We are living in the greatest debt bubble the world has ever seen and, as such, a devastating economic collapse is on the horizon no matter what we do so don’t let this false prosperity and this “calm before the storm” fool you. There is going to be a massive amount of pain so you might want to get yourself and your family prepared for that.
US Debt: How Big is it and Who Owns it?
Celente: The 2013 Financial Collapse Will Be One For The Ages
Gerald Celente has accurately forecasted hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends. In 1980 Celente founded The Trends Research Institute located in Kingston, New York, publisher of the Trends Journal which forecasts and analyzes business, socioeconomic, political, and other trends.
Argentina’s Financial Collapse is America Next?
Ever since independence, almost 200 years ago, Argentina’s foreign debt has been a source of impoverishment and corruption and the biggest scandals. Does that statement sound familiar?
Economic collapse still underway as Federal Reserve’s QE programs show diminished returns
Federal Reserve Chairman Ben Bernanke delivered his semiannual two-day testimony to the Congress this week. His prepared remarks and question and answer period with Congressional and Senate representatives confirmed what most of his critics knew all along: he is just prolonging the economic downturn with the same failing policies.
US Dollar Declines Through Devaluation
There’s a debt crisis brewing not only for European countries, but for America. Investment Contrarians editors have been critics of the U.S.’s inability to reign-in government spending. We expect the devaluation of the U.S. dollar to continue as the U.S. continues to pile on the debt. You can find regular commentary on the U.S. dollar in Investment Contrarians.
American Dollar Danger Ahead
Why is Currency Devaluation So Bad? The less your currency is worth, the less goods and services you can buy with your money, the less companies make for receiving payment for goods and services, and the less people actually make when they take their paychecks home. If foreign governments decide to stop buying our debt what will happen to the dollar? With interest rates now near 0% and our currency depreciating, there has been no real incentive for foreign governments to want to continue to buy our debt, which is issued in the form of Treasury Bills.