Today Dr. Paul Craig Roberts warned King World News that this latest and developing crisis is even worse than Russia unleashing black swans against the West. Dr. Roberts also discussed how a series of falling dominos will result in the breakup of Europe, the collapse of NATO, and the end of the euro. Eric King: “What do you expect to see going forward? Because it now appears that we are[...]
Tag: economic collapse
Has A Loss Of Confidence After Yesterday’s Swiss Fiasco Started A Run On Gold?
With the price of gold and silver soaring, particularly in euro terms, many are beginning to wonder if a loss of confidence after yesterday's Swiss fiasco has started a run on gold? Whatever the case may be, the following piece takes a trip down the rabbit hole of government and central bank lies, manipulation, loss of confidence, and eventual panic. By John Hathaway January 16 (King World[...]
Inside the December Retail Report: “Disappointing” Isn’t the Half of It
by David Stockman Today’s 0.9% decline in December retail sales apparently came as a shock to bubblevision’s talking heads. After all, we have had this giant “oil tax cut”, and, besides, the US economy has “decoupled” from the stormy waters abroad and is finally on its way to “escape velocity”. The Wall Street touts and Keynesian economic doctors have been saying that for months [...]
Swiss Abandon Peg to Euro – The Euro is Dead – Long Live the Swissy – Armstrong
January 15, 2015 The Swiss franc has risen by almost 30pc against the euro after the central bank shocked global markets by abandoning its long-standing peg to the euro imposed in 2011. The Swiss had no choice. They have been buying Euro at alarming amounts as smart money bet the Swiss would be far better at the end of the day than a Euro. As long as the Swiss was pegged to the Euro, the Swiss[...]
Very Strong Reasons For Buying Precious Metals…NOW
By Michael Noonan Got gold? Got silver? If not, you may not survive very well under the current and future regime[s] established in this country. Does price matter? Sure, everyone wants to buy reasonably near the lows, and there are many of us who paid substantially higher prices than currently exist. However, if there is no intent to sell but only hold as a form of wealth protection and/or a[...]
Ditching the Dollar – Natural Act for a Dying Empire
By Jeff Thomas One of the symptoms of a declining empire is that it becomes less and less productive and therefore less relevant to other countries. Any empire, whilst in its prime, will have a strong currency. As its productive relevance declines, so will its currency. Invariably, its leaders attempt to keep the currency strong, in spite of the decline in national relevance. Rather than[...]
Labor Participation Rate Drops To Fresh 38 Year Low; Record 92.9 Million Americans Not In Labor Force
Another month, another attempt by the BLS to mask the collapse in the US labor force with a goalseeked seasonally-adjusted surge in waiter, bartender and other low-paying jobs. Case in point: after a modest rebound by 0.1% in November, the labor participation rate just slid once more, dropping to 62.7%, or the lowest print since December 1977. This happened because the number of Americans not in[...]
2015 – Year Of Catastrophic Bank Collapses, QE On A Grand Scale & Skyrocketing Gold
Today one of the greats in the business warned King World News that 2015 will be a year of catastrophic bank collapses, QE on a grand scale, and skyrocketing gold. He also said that the big money is now dumping their stocks ahead of the coming madness. Greyerz: “Eric, we live in a crazy world and it will only get worse. Sadly, events in France remind us of that. There will not[...]
10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW
By Michael Snyder, on January 6th, 2015 If you do not believe that we are heading directly toward another major financial crisis, you need to read this article. So many of the exact same patterns that preceded the great financial collapse of 2008 are happening again right before our very eyes. History literally appears to be repeating, but most Americans seem absolutely oblivious to what is[...]
When Next Crisis Unfolds, Fed Will Ask China to Revalue Gold! – Stewart Thomson
"America is in no condition to endure an economic downturn, yet a downturn is coming, almost as surely as night follows day. When the next crisis unfolds, I expect the Fed to quietly ask the Chinese central bank to revalue gold, by announcing a major gold buy program. This would allow China’s currency to become a competitor with the dollar. Equally importantly, it would allow the Fed to hide[...]