On Monday, the U.S. government will hit the $14.294 trillion debt ceiling established by Congress and will have to decide and approve more borrowing, either from other countries or by printing more U.S dollars. The bottom line is America is completely broke, the U.S Government over the last 30 years has absolutely mis-managed the U.S taxpayers money.
Here is what Harry Dent is predicting for the coming future for stocks and commodities. I agree with him that the stock market is too crazy hot right now and is due for major correction in the future. Besides corporate profits, nothing much else is supporting the lofty stock market valuations. Jobs are not getting better nor is real estate and growth is slowing.
In the short-term this might be true for the stock market, both S&P and Nasdaq broke out. I think it is possible to see S&P up to 1500 and Nasdaq up to 3000 however only in the short term (3 months) though. After that I don’t see much evidence of economic growth to push the stock market higher…unless U.S Fed , Bernanke prints more digital money out of thin air.
Things aren’t getting better for the middle class / regular people, it is only getting better for the really rich / wealthy people and corporations who aren’t really creating jobs right now.
Professional writer and organizer Felice Cohen makes things work living in New York’s smallest apartment that is close to all amenities and only blocks from Central Park. She lives by the philosophy of “Don’t Aquire What You Can’t afford”, which I think is great. People buy and collect too much “crap” these days and it just piles up. Watch the video it’s cool.
Watch this video, the graphical tool that he is using is a NASA Jet Propulsion application, so this is not a hoax and the Nasa web app is public accessible at:
http://ssd.jpl.nasa.gov/sbdb.cgi?sstr=C/2010%20X1;cad=1;orb=1;cov=0;log=0#orb
You need Sun Java installed on your computer for it to work!
The video below was removed by YouTube. It was uploaded on Feb.8, 2011
This is the replacement video, uploaded on March 8, 2011, still before Japanese quake.
The world is coming to the end of a 50-year debt supercycle, John Mauldin says, and the reduce government spending to do the right financial thing will hurt ordinary Americans.
Don’t be fooled by idiots so called experts out there that say there will be no double dip recession. Basically they are just leading the last sheep into the slaughter (into the stock market). I’ve prepared for the next crash (within the next few years) with Horizon downside ETFs (Traded on Toronto Stock Exchange) on the Nasdaq, S&P 500 and TSX.
Eric Sprott talks about gold and silver prices, governments and his physical silver fund.
As I already suspected, Gold and Silver is not a bubble simply because the U.S Government and European Governments keep printing money. Fiat currency may collapse and become worthless…like the U.S dollar’s recent declines and also because of the fact that the world lose confidence in the United States and not buy its treasuries. Once that happens the U.S will not have any money left to run the Government and social services and will need to print more thereby collapsing currency even more (viscous circle).
This video was posted in August of 2009, before any civil unrest or protest in the U.K. Listen to David Ike talk about the “traffic warden” getting extra authorization to do a policemen’s duty.
Well recently, in the last 6 months there has been huge unrest in the U.K and other parts of Europe. The pieces of the puzzle are put into place for the next war.
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