Newly released images created from NASA satellite data illustrate the staggering effect the California drought has had on groundwater supply in the state. As Mashable's Patrick Kulp explains, the images show the amount of water lost over the past 12 years, with different colors indicating severity over time. “Nobody has any idea how disastrous it’s going to be,” Mike Wade of California Farm [...]
Tag: Gold
Obama’s Economy Is Creating Too Many Low-Paying Jobs – Real Danger for a Consumer Based Economy
By Peter Morici Despite another seemingly good jobs report, President Obama's approval rating is lower than a snake's belly, and Republicans could retake the Senate in November. Missteps in the Ukraine, Iraq and elsewhere weigh on voters' minds, but the economy — especially the jobs picture — is not what Obama cracks them up to be. The 5.9 percent unemployment rate is a fraud. The[...]
Implications of an Ebola Pandemic in the US – Could Our Fragile Economy Handle the Shock?
By Michael Snyder For the moment, our top public health officials are quite adamant that there absolutely will not be a major Ebola outbreak in the United States. But what if they are wrong? Or what would happen if terrorists released a form of weaponized Ebola or weaponized smallpox in one of our major cities? What would such an event do to our economy? I think that we can get some clues by[...]
One World, One Bank, One Currency – Key to When the Gold Price Takes Off
“The government is very good at making things overly complicated for the purpose of obscuring what’s really going on from the public,” observed hedge fund manager Erik Townsend during our interview in May. He was making a point about the 2008 bailouts. The Federal Reserve played a leading role, applying trillions in paper-clip and rubber-band solutions. The Fed’s balance sheet swelled[...]
The Central Bank Experiment that’s Destroying the Economy
By Addison Wiggin Addison Wiggin: When Janet Yellen gave her first news conference as Federal Reserve chair in March, the media pounced on her for “stumbling”; she was asked how soon they’d start raising the fed funds rate once quantitative easing was over and she said “about six months.” The market freaked out for an hour or so. But what else could she say? Imagine if she’d been[...]
Total Corruption, Financial Meltdown & Once In 600-Year Event
Long time and highly respected market analyst Richard Russell spoke with Eric King of King World News. In the interview Russell warned of a coming financial meltdown that he says will totally destroy the current financial system. The 60-year market veteran also discussed the fact that the world may now be witnessing a devastating once in 600-year event. Richard further shares his outlook[...]
CONTRARIAN ALERT! MarketWatch Publishes Piece: “Gold Crashes and is Now Tarnished for Good”
Could this opinion, which essentially implies gold is forever down and equities have entered a permanent high, be one of those classic calls at a market turning point? Further, such "this time its different" call believes that central bank manipulation is a practice that can go on in perpetuity. Remember these brilliant proclamations from Fortune and Business Week. One made approaching a top[...]
Will The Swiss Vote to Get Their Gold Back? – Popular Pushback Directed at Financial Bully
By Ron Paul ….no tyrannical regime in history has bullied Switzerland as much as the United States government has in recent years. On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank (SNB) from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold[...]
End Of Empire – The ‘De-Dollarization’ Chart That China And Russia Are Banking On
History did not end with the Cold War and, as Mark Twain put it, whilst history doesn’t repeat it often rhymes. As Alexander, Rome and Britain fell from their positions of absolute global dominance, so too has the US begun to slip. America’s global economic dominance has been declining since 1998, well before the Global Financial Crisis. A large part of this decline has actually had little to [...]
As Gold Timers Throw in the Towel, It May Be Time to Buy – The last time such gloom set in, gold staged a rally
By Mark Hulbert CHAPEL HILL, N.C. (MarketWatch) — Gold is finally getting close to a bottom in prices. That is the surprising conclusion of contrarian analysis, which for months now has stubbornly refused to turn positive on gold — even as the yellow metal has suffered a death by a thousand cuts. Just this week, for example, bullion hit a fresh three-month low — among indications that[...]