No politician, media pundit, Federal Reserve banker, retail CEO, or willfully ignorant mindless consumer wants to admit the truth that the last three decades of debt delusion are coming to a tragic bitter end.
Post Tagged with: "financial collapse"
A Very Scary Christmas And An Incredibly Frightening New Year
The truth is that we are rapidly approaching another financial crisis that may end up being even worse than the horrific crash of 2008.
Economic Armageddon Seen As Imminent
Suddenly it is getting crowded in the world of those predicting economic Armageddon. In a sense, that is comforting for those of us who were early and few. Once relegated to the lunatic fringe, it appears as though this view is expanding, possibly even going mainstream.
Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming
Goldman Sachs was the second biggest donor to Barack Obama’s campaign in 2008, so don’t expect Obama to do anything about any of this.
25 Signs That The Financial World Is About To Hit The Big Red Panic Button
At this point, virtually the entire global economy runs on credit, so when this debt bubble bursts things could get really, really messy.
Sleepwalking through the valley of financial calamity
Our children will pay the price of our addiction unless we rip the IV tube from our arms, shed our selfishness, and get busy correcting our prodigal ways.
Traveling the Road to Poverty
There is a long-term inevitability to this economic crisis. It will end in financial collapse. Short-term ebb and flows in economic reports will continue. The media and ruling class will attempt to spin what they can as signs of a recovery. Others not advancing the meme will be ignored and disappear quickly.
Top 12 Countries Most Likely To Go Belly Up
Europe trumps all other regions with 11 out of twelve courtiers rated as “extreme risk.” However, quite surprisingly, only one PIIGS country–Italy which takes the top spot–is in the top 12.
Creative Destruction and the Federal Deficit
Cuts of $100 billion are not even a good start yet such cuts may be all that is politically possible at this point. Such a political reality sets the stage for the disaster that is sure to follow.
10 Trends for 2011
Trends we have previously identified, and that have been brewing for some time, will reach maturity in 2011, impacting just about everyone in the world. – Gerald Celente