Video: Inconvenient Debt – Glenn Beck

The amount of U.S. dollars in circulation is skyrocketing. What does it mean for you? Watch then share this video!

MSM: Stocks Are Hurt by Latest Fear: Declining Prices

After gyrating wildly for weeks, the stock market lurched lower on Wednesday, falling to its lowest point in nearly six years, as concern spread that the economy might be facing a chronic and debilitating decline in prices.

Dow Jones Bloodbath Mirroring 1929 Rout

A comparison of the current Wall Street crash with the events of 1929 shows that the Dow has at least another 27 per cent drop below the bailout bounce before it bottoms out, despite another rout yesterday after which the Dow had lost over 700 points.

“In 1929 we saw a two day rally of almost 19 per cent followed by a decline of 6 per cent and finally from the recovery high we lost 27 per cent,” Edward Loef from Theodoor Gilissen Bankiers told CNBC this morning.

Stock Market Crash Alert!

I have been surprised so far at how orderly the market has been, despite the heavy l losses. Just as it seemed that the market would roll over into “the big one,” it would rally back from the brink. Tonight I was reminded of an interview I had with Andrew Smithers in 2005 and the article I had written about it. I did a follow-up article again in 2006. I had identified the problem correctly, but was too early. The original link to an article that was published in Barron’s has been turned off, but here is another link that quotes the original article verbatim. Read the articles. This is very important.

Video: The Economy

Universal Currency Converter

I urge you to go to the above link and convert US Dollars into Euros. You will be alarmed to see where our dollar stands in the global marketplace.

On a personal note, I have been getting hundreds of emails recently asking advice about economic issues facing us all today, and what should be done right now with personal assets and investments. This is a very difficult question to ask at any time, but right now with the current economic situation we find ourselves in, these are especially difficult questions to answer. The problem I personally have in speaking the truth is that it feels so damn un-American to say what has to be said. First of all, in my opinion and others, the U.S. Economy is finished and will crash between September 2008 and mid 2009.

Panic grips global financial markets

The financial crisis, used to justify the $700 billion Wall Street bailout approved by Congress and signed into law by President Bush on Friday, deepened dramatically Monday, as stock markets around the world registered massive losses in panic selling.

It was the biggest global stock market crash since “Black Monday,” October 19, 1987, when exchanges around the world collapsed and the Dow Jones Industrial Average registered a loss of 22.6 percent, its largest ever single-day decline in percentage terms.

Oil prices: George Soros warns that speculators could trigger stock market crash

George Soros, the billionaire hedge fund manager, will warn later today that the oil price has become a bubble that could trigger a stock market crash.