Economy

(ThisIsMoney) – UK debt is ‘twice as much as we thought’

The true scale of the national debt is £2 trillion – more than twice the official figure, an alarming study shows. Read More Here

(SovereignInd) – The Robber Barons After More Loot as the Elderly and Infirm are Put Out on the Street!

Well that’s it life has come to an end. The FIFA World Cup is over and Wimbledon is finished too. What will we watch on TV now? Hey isn’t there some golf thing on next week? What about Big Brother? Or how about X-Factor, CSI or the not so latest, mind numbing ‘riotous teen comedy’?

Maybe not, maybe we should be a little more concerned with what’s happening in the real world? Read More Here

(WebOfDebt) – How Financial Brokers Became Bookies: The Insidious Transformation of Markets Into Casinos – Ellen Brown

Ever since December 2008, the Federal Reserve has held short-term interest rates near zero. This was not only to try to stimulate the housing and credit markets but also to allow the federal government to increase its debt levels without increasing the interest tab picked up by the taxpayers. The total public U.S. debt increased by nearly 50% from 2006 to the end of 2009 (from about $8.5 trillion to $12.3 trillion), but the interest bill on the debt actually dropped (from $406 billion to $383 billion), because of this reduction in interest rates. Read More Here

(NIA) – Empty Store Shelves Coming to America

The National Inflation Association today issued a warning to all Americans that empty store shelves will likely be coming to America as a result of government price controls during the upcoming hyperinflationary crisis. This morning, NIA released a video preview of what hyperinflation will look like in the U.S. This extremely important must see video is now available on NIA’s video page. Read More Here

(OpEdNews) – The Attack of the Real Black Helicopter Gang: The IMF Is Coming for Your Social Security

A few years back, there was a fear in some parts about black UN helicopters that were supposedly taking part in the planning of an invasion of the United States. While there was no foundation for this fear, there is basis for concern about the attack of another international organization, the International Monetary Fund (IMF). Read More Here

(VeteransToday) – 25 Warning Signs of HARD Economic Times Ahead

Consumer confidence is plummeting, big banks are hoarding cash, top financial experts are issuing recession warnings and it seems like almost everyone is trying to accumulate as much gold as possible. Now that the G20 nations have all pledged to dramatically cut government spending in an effort to get debt under control, worries about a double-dip recession have reached a fever pitch. Read More Here

(CSMonitor) – Foreclosure double standard: Why the rich get away with defaulting

Homeowners of modest means who walk away from their housing debt are viewed as dead beats while the wealthy who do the same are presumed to be making a good financial decision. Read More Here

(DailyFinance) – These Numbers Paint a Bleak Picture for Housing

Financial analyst Meredith Whitney recently joined the ranks of those who foresee a serious decline in housing prices in the second half of 2010. Her reason: Banks are starting to unload higher-priced homes in their bulging “shadow inventory,” and with sales dropping sharply now that the federal tax credit for homebuyers has expired, there’s a massive mismatch between supply (rising) and demand (falling). Read More Here

(MunKnee) – Silver’s Historical Correlation with Gold Suggests A Parabolic Top As High As $714 per Ounce!

Almost 70 respected economists, academics, gold analysts and market commentators (see list below) are of the firm opinion that gold is going to go to at least $2,500 if not as high as $10,000 per ounce (or more) before the parabolic top is reached. As such, just imagine what is in store for silver given its historical price relationship with gold. We’re looking at an extreme case scenario of a future parabolic top of perhaps as much as $714 per ounce for silver, the ‘poor man’s gold’. Let me explain. Read More Here

(EconBrowser) – Who’s buying all that debt?

I’ve been taking a look at what happened to the demand for U.S. Treasury bills and bonds as a result of the financial crisis. Here’s a summary of some of the data that I found interesting. Read More Here

(NatInflationAssoc) – Empty Store Shelves Coming to America

The National Inflation Association today issued a warning to all Americans that empty store shelves will likely be coming to America as a result of government price controls during the upcoming hyperinflationary crisis. This morning, NIA released a video preview of what hyperinflation will look like in the U.S.

NIA’s six-minute video released today goes into detail about an event that took place just outside of Boston, Massachusetts in May of this year. This story was widely ignored by the nationwide mainstream media, but NIA believes it was one of the most important news events of the first half of 2010. Although this particular crisis in Boston was due to decaying infrastructure, NIA believes a currency crisis will lead to the same type of panic on a nationwide basis. Video Link Here

Video: Peter Schiff – Ready to Lay The “Smackdown” on Linda McMahon Come August 10th!

Alex welcomes to the show author, businessman, financial commentator, economic adviser to Ron Paul’s 2008 presidential campaign, and a 2010 candidate for the United States Senate, Peter Schiff. He is president and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut. Schiff is the author of Crash Proof: How to Profit from the Coming Economic Collapse and How an Economy Grows and Why It Crashes.

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