Last year around autumn, August-September 2010 period Gerald Celente’s Trends Journal group predicted that the youth of the world will unite and protest against their governments, because food prices, oil prices and general living expenses are going up while their are no jobs and wages aren’t going up in-line with inflation.
Since then student’s in the U.K protested because the U.K government raised school tuition fees over 200%. As recent as last month Tunisia, Egypt, Libya and Yemen have protested and some have gotten extremely violent.
America has been saving 2% of every dollar they make (GDP), while China saves 35% of their GDP that is why they have a surplus and the U.S is 14 trillion dollars in debt.
It’s so easy for the U.S politicians to blame foreigners cause they look different and are in a foreign land, however America’s problem is self created. It’s always easier to look externally than look at yourself and come to terms with your mistakes…people do it all the time and it seems politicians are no different.
In the 1930’s the American Government used currency as a weapon or currency war against China to de-stabilize Chinese society and incite a revolution that destroyed China. The U.S Government called it “The China De-Stabilization Plan”
In the 1930’s the Chinese currency, the Yuan was backed by and pegged against Silver prices. The U.S Goverment went on a propaganda campaign that advertised to the Chinese that an appreciation in the Chinese currency Yuan would bring with them an appreciation of the yuan against the U.S. dollar and would benefit the Chinese by increasing their purchasing power. However, they knew that it would actually cause economic havoc.
A greater number of Canadians feel that the economy is getting worse than last year. Now 20% up from 14% last year feel this way.
Some of the top concerns of Canadians are having enough money to retire, and improving personal finance. They feel that the Canadian economy maybe getting a little bit better by the government reports but at home things are getting worse, goods are more expensive (inflation), jobs are hard to find and people are still being laid off. So to the average Canadian, their personal finance situation really don’t feel any better.
4 out of 6 factors that will cause the next recession or double-dip back to 2008 levels are already rearing their ugly heads. The four are: Housing Market (record level foreclosures), Oil (trading $88-$95), National Debt (now at 14 Trillion) and Municipal Bond market. So that is a 67% chance of a double-dip recession if any of these factors worsen.
1. The Housing Market
If previous recessions are any indication, the housing market is the most likely to sink the economy.
Recent unemployment report had a spike in the amount of Americans filing for unemployment benefits, which basically tells everyone out there that the jobs picture isn’t getting any better. These people had probably just been let go because they were only employed during the Christmas season.
Gerald Celente tells it like it is, reads between the lines of American mainstream media. Here are his predictions for the new year 2011…if he is right it is going to be a really rough year.
Yesterday gold took a hit from roughly $1412 down to $1380 range…that was a drop of roughly $30 some odd dollars. I’ve been watching gold for a while, though I should have gotten long ago…I think there is still more upside for gold.
The initial financial collapse in 2008 was just the tip of the iceberg. Since then the U.S has been struggling to grow economically and millions upon millions of jobs has been lost. If you think things are getting better, you are probably watching mainstream media…truth is the U.S economy is struggling and run the risk of another collapse. Watch the documentary and make up your own mind.
The municipalities of America are going to default on their bonds, they will not be able to pay interest and pensions. If the Federal Reserve decides to bail out the municipalities of the states, then more U.S currency needs to be printed and this will further cause the de-valuation of the American dollar, not to mention that the deficit will increase again.
In continuation of the “Kangaroo Politics” that is going in Washington. The U.S Government is going to NOT tax people making $1,000,000 a year. Now, if they tax the rich people that make over a million a year, the tax dollars collected from that tax bracket is huge and can help pay off the deficit. However, the U.S Government is choosing to give the rich a break….well because an election is coming up soon.
America has been saving 2% of every dollar they make (GDP), while China saves 35% of their GDP that is why they have a surplus and the U.S is 14 trillion dollars in debt.
