Great video of economist John Mauldin talk about where America is going with all this debt being created in the name of economic recovery. John Mauldin has been a guest on Yahoo Finance, Reuters and other financial news network before discussing his views on the U.S and other economies.
After watching this video or his presentation you will see just how grave the economic situation is in the United States.
ZeroHegde has an article about “Job Creators, Internet Architects and Security Experts Hate SOPA”, have a read if you value “Freedom of Speech” on the internet. If S.O.P.A goes through you will see thousands upon thousands of websites shutdown, if the U.S government thinks it is violating copyright or against propaganda.
China and Japan (2nd and 3rd largest economies) will now start to trade amongst themselves using Yen and Yuan and not the U.S dollar.
The is a big hit to the United States dollar, because it currently is the world’s reserve currency, however because America is in so much debt and America keeps printing more money out of thing air, the U.S dollar value is being driven down.
Here are a few links describing the Chinese astrology predictions for the year 2012, which is the year of the “Black Water Dragon”, the dragon is the astrological sign and water is the element. Some say it will not be as volatile as 2011 and also because dragon is a sign of wealth, power and prosperity some people might have a good 2012.
Many economic analyst out there are warning that the Canadian housing market is overvalued and flooded with supply. While the U.S housing market crashed in 2007 and still have not recovered, Canada during that time has boomed.
However, Canada is not completely immune to global slowdowns. If anything we are in a delayed cycle, Canadians now have record high debt levels and are buying houses driving prices higher on cheap mortgages. This behavior in somewhat like what happen to American’s except we are a few years behind.
What Jim Rogers is predicting for year 2012 doesn’t seem to be very good for the U.S. All real data and signs point to some very bad things happening, but if you listen to mainstream media or the fantasy / illusion (propaganda) that is pushed to people everything is O.K.
Only time will tell, I personally think the first 3 months of the new year 2012, will set the tone.
When will the American empire get it, that the U.S should stay out of others countries business. Those are sovereign countries, and you don’t go into another country and tell them what to do or how to live.
Think about this.Would you like it if someone from another district, state, province or county come to your house and tell you how you should arrange your home, or tell you how you should live…what you should buy, tell you how what religion to practice or they steal your belongings??