Economy

Gold ATM

by LSP on May.29, 2010, under Economy

Jumping on the Gold bandwagon…

Details here

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Predictions For The Rest Of 2010

by LSP on May.26, 2010, under Corporate world, Economy, Mankind

Who can really predict the future? I dont know but these are all renown individuals and organisations making predictions about the USEconomy and the fall out for the rest of the world.

Their verdict in a word? Bleak.

Bob Chapman

First 6 months of 2010, Americans will continue to live in the ‘unreality’the period between July and October is when the financial fireworks will begin. The Fed will act unilaterally for its own survival irrespective of any political implications (source is from insider at FED meetings). In the last quarter of the year we could even see Martial law, which is more likely for the first 6 months of 2011. The FDIC will collapse in September 2010. Commercial real estate is set to implode in 2010. Wall Streetbelieves there is a 100% chance of crash in bond market, especially municipals sometime during 2010. The dollar will be devalued by the end of 2010.

Gerald Celente

Terrorist attacks and the “Crash of 2010″. 40% devaluation at first = the greatest depression, worse than the Great Depression.

George Ure

Markets up until mid-to-late-summer. Then “all hell breaks lose” from then on through the rest of the year.

Igor Panarin

In the summer of 1998, based on classified data about the state of the U.S. economy and society supplied to him by fellow FAPSI analysts, Panarin forecast the probable disintegration of the USA into six parts in 2010 (at the end of June ­ start of July 2010, as he specified on 10 December 2000

Neithercorps

Have projected that the third and final stage of the economic collapse will begin sometime in 2010. Barring some kind of financial miracle, or the complete dissolution of the Federal Reserve, a snowballing implosion should become visible by the end of this year. The behavior of the Fed, along with that of the IMF seems to suggest that they are preparing for a focused collapse, peaking within weeks or months instead of years, and the most certain fall of the dollar.

(continue reading…)

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Food Inc

by LSP on May.23, 2010, under Corporate world, Documentaries, Economy, Environment, Main Stream Media Nonsense, Outdoors!, Peak oil, Politics

I’m a little late on this as it was released in 2008 but just watched this profoundly important movie.
I imagine one of the reasons I had never heard of it is that it was probably denied publicity by pressure from the likes of Monsanto and other vested interests…

It is quite graphic at times, but it is hugely important to gain awareness of where our food comes from…

One of the biggest impressions I was left with was the massive centralisation of power and control in the food industry and the ineffectiveness of the bodies charged with regulating it. It seems that this process is systematic in many of the industries (banking comes to mind!) in the US in particular but also elsewhere in the world.

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Wake up!

by LSP on May.17, 2010, under Corporate world, Economy, Mankind

Wake up people! This is just the start…

The end result? A new world currency? How convenient…

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Vultures ready to pounce

by LSP on May.03, 2010, under Economy

Speculators could make a quick killing on the outcome of Thursday’s General Election and undermine the borrowing plans of a new Government, after the futures market in bonds agreed to open for the first time in its history from 1am on Friday.

Rest of the article here.

Cuts to public services after the election will cause such anger that the ruling party will be kept out of office for a generation, the Bank of England Governor has said.

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Debt of the PIIGS

by LSP on May.03, 2010, under Economy

Italy owes France $511 Billion dollars!

Greece’s sovereign debt crisis is clearly just the start…

(Figures above converted in to USDollars as the graffic came from the NY TImes – funnily enough its obviously in the US interest that the Euro gets nailed as it makes the USDollar look far more attractive than it really is)

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Tax and Quantitative Easing

by LSP on Mar.16, 2010, under Corporate world, Economy, Government intrusion

Tax – “a pecuniary burden laid upon individuals or property owners to support the government.”

Quantitative Easing – “the central bank purchases financial assets using money it has created ex nihilo (out of nothing).”

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Denial

by LSP on Mar.03, 2010, under Economy, Peak oil

It doesnt get much clearer than this…

A wake up for those still in denial:

The vast majority of the world around us runs on or is derived from Oil.

Think it’s time for something new?

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UK vs OZ

by LSP on Mar.03, 2010, under Economy

“Fundamentals – UK’s engine for growth was the financial sector that is now crippled for many years. Australia’s is the commodities sector that continues to boom. UK has now passed £1 trillion of official debt with another £3+ trillion of unofficial debt in part as a consequence of bailing out the bankrupt banks that Australia never had to do. the UK economy crashed, Australia’s just spluttered, UK economy is experiencing an anaemic economic recovery, Australia’s is racing ahead. UK interest rates stand at just 0.5%, Australia has just raised rates to stand at 4%.”

Rest of the article here.

Sucks to be earning UK pounds right now…likely I’m earning OZ dollars…

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A worrying prediction

by LSP on Feb.27, 2010, under Corporate world, Economy

A pretty scary prediction from a world renown figure in the finance world:

Jim Rogers, Chairman of Rogers Holdings, has once again made a bold prediction and that is the British Pound could quite possibly collapse within the coming weeks.

Full article here.

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