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Fake Recovery through Cash for Clunkers
“US economic power is declining as a result of the financial crisis,” said the head of the World Bank Robert Zoellick. And continued saying: "One of the legacies of this crisis may be a recognition of changed... Inflation will cost the Chinese dear and worse to lose face
There are two big bubbles now. There is the familiar one in federal government debt. The other is the Peoples' Republic of China.Anyone who thinks China can save the world from recession needs to read former Morgan... U.S. Unemployment by the Numbers: How Bad Is It Hurting?
" Reports More people are unemployed in America than live in Ohio or go to church in Texas. Unemployment statistics don’t usually leap off the page, but the latest report from the Department of Labor offers some astounding figures. More than 651,000 jobs were cut in... Trend Alert: U.S. Has Entered “The Greatest Depression”
" Paul Joseph Watson Tuesday, March 3, 2009 Trends research analyst Gerald Celente, who has risen in prominence on the back of his deadly accurate economic predictions, says that the collapse of financial markets heralds the start of “The Greatest Depression”. In his... Fresh evidence points to paralysis of global economy
"Data from US and Japan triggered fears that the downturn has turned into the worst slump since the 1930s! Larry Elliott, economics editor guardian.co.uk The sharpest contraction in US growth for more than a quarter of a century, a collapse in Japanese factory output and an... Pepsi and IBM are Now More Creditworthy than the U.S. Government
" Agora Financial’s Rude Awakening notes that the U.S. Government is now considered less credit-worthy than Pepsi or IBM by the credit default swap market: "As the nearby chart indicates, the price of insuring Treasury debt against default now costs more than the price of...Trend Alert: Global Systemic Crisis, Geopolitical Dislocation!
" By Leap2020 GEAB N°32 is available! 4th quarter 2009 – Beginning of Phase 5 of the global systemic crisis: phase of global geopolitical dislocation - Public announcement GEAB N°32 (February 16, 2009) - Back in February 2006, LEAP/E2020 estimated that the...Bigshots say DUMP U.S Dollars and Gov’t bonds
" Singapore Bigshot says DUMP U.S Dollars and Gov’t bonds Jim Rogers, chairman of Singapore- based Rogers Holdings, said investors should be “worried” about the U.S. dollar, and recommended selling government bonds.“If I were you, I would be worried about the U.S....PAKISTAN BACK TO BEGGING under ‘DEMOCRACY’!
Pakistan’s foreign currency reserves are falling fast and if forward liabilities are included, the real reserves may go down to $3 billion. This cannot meet the import bill of one whole month. Out of total reserves of $8.467 billion, the reserves held by the commercial...
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