Italy defaults on its debts. Most major Italian bank collapses. Recession turns to Depression in the Euro zone. Sovereign defaults begin and bank failures ripple across the Continent. Saddled with bad loans to the Euro zone nations and lenders in Europe, the four major American banks will begin to hemorrhage cash. Credit freezes in the United […]
In his latest investor letter (via Gurufocus), Kyle Bass lays out his case that a wave of hard defaults is coming. His basic argument: The world is just saddled with too much debt. Throughout history, he says, total debt-to-GDP only ever breached 200% when nations were spending on war. Today we’re at 310%. Says Bass:
Global Super Debt “Tipping Point” 2012 Read More »
The euro is on the chopping block, and the dollar UUP – PowerShares DB U.S. Dollar Index Bullish Fund (NYSEARCA:UUP) isn’t far behind. ShadowStats.com’s editor John Williams’ just published a gloomy outlook for the U.S. due to the demise of the dollar and the emergence of hyperinflation that could be a reality as soon as
U.S. Dollar On The Chopping Block Read More »
Based on the astrological transit blackbox forecast of the UUP UUP – PowerShares DB U.S. Dollar Index Bullish Fund, it seems we are coming to another point where we face risk of systemic collapse, therefore expect another round of quantitative easing (QE3) as a result which will pull the trigger for massive dollar selling, moving the nation into much
US Dollar Demise In Progress Read More »
Widening US protest rallies against the prevalence of top-level corruption, poverty, and social inequality in America, which began in September in New York, have now spread to more than 1,000 cities across the country. Rallies have spread from Freedom Plaza to McPherson Square, where “Occupy DC” is being staged by people that are younger and
US Protests Spread to 1,000 Cities Read More »
The Fed fought for more than 2 years to keep details of the largest bailout in U.S. history a secret and didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Also, the Banks didn’t mention that they took tens of
During 2010 the slow-moving planets of Jupiter, Saturn, Uranus, and Pluto will align into a T-Square configuration (when two or more planets in opposition make a square to a third planet), all within zero degrees of the World Points of the Cardinal signs. The World Points are 0 degrees of the Cardinal signs (Aries, Cancer,
Cardinal Climax: Fasten Your Seat Belts, A Turbulent Decade Ahead! Read More »
Gold rose to a record in London and New York as other commodities gained on speculation demand for raw materials will increase and as investors bought the metal to protect wealth from Europe’s financial turbulence. Get ready folks this is a sign another meltdown is on it’s way. If you’re an astrologer you know why I’m saying this.
Sign of Another Meltdown Approaching: Gold rises and breaks record Read More »
Recession Is Over Update: The root of the crisis over the past couple of years wasn’t recession, but debt, which has spread “like a cancer,” according to Nassim Taleb, professor and author of the bestselling book “The Black Swan,” who is now relieved that public attention has shifted to debt, instead of growth. More at CNBC: http://www.cnbc.com/id/37610064
The Recession Is Over Update: Debt was the root of the crisis, spread “like a cancer” Read More »
Recession is Over Update: Regulators on Friday shut down a Nevada bank, raising the number of U.S. bank failures this year to 83. The 83 closures so far this year is more than double the pace set in all of 2009. By this time last year, regulators had closed 40 banks. The pace has accelerated as banks’ losses mount
Recession is Over Update: Nevada bank shut down Read More »
