Category Archive: Signs in the Economy

World one step away from economic meltdown

The world is just one misstep away from a complete financial, economic and geo-political meltdown. Though the mainstream voices have calmed their reports of Middle East conflict amid the debt ceiling and negative… Continue reading

Europe’s Leaders Have Finally Run Out of Time

Only Germany can save EMU as contagion turns systemic If they fail to agree on some form of debt pooling and shared fiscal destiny at Thursday’s emergency summit, they risk a full-fledged run… Continue reading

U.S. Sovereign Debt Downgraded to a “C-minus”, DHS Warns Of Terror Attack If Debt Ceiling Not Raised

U.S. Downgraded to ‘Near Junk’ by Weiss “NEW YORK (TheStreet) — Weiss Ratings on Friday downgraded its rating for United States sovereign debt to a “C-minus,” or just one notch above a junk… Continue reading

10 Signs That The American People Are Starting To Freak Out About The Condition Of The Economy

All over America, restlessness and frustration are growing. It has now been almost three years since the great financial crash of 2008, and yet the U.S. economy is still a complete and total… Continue reading

Return of the gold standard as world order unravels

As the twin pillars of international monetary system threaten to come tumbling down in unison, gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time… Continue reading

POTUS: ‘This May Bring Down My Presidency, But I Will Not Yield on This’

From a GOP Aide at the Debt Talks: “Over the last several days the White House has been walking back the savings on the Biden number.  Thursday it was $2 trillion, Monday it… Continue reading

We are one major scare away from global financial markets unraveling

Moody’s Investors Service put the U.S. under review for a credit rating downgrade as talks to raise the government’s $14.3 trillion debt limit stall, adding to concern that political gridlock will lead to… Continue reading

Even Dollar Stores Struggling In ‘Obama Depression’

More stores across the U.S. that offer deeply-discounted products are seeing their sales decline after years of growth amid America’s “Great Recession” — and one analyst said on Monday it’s another sign of… Continue reading

US plan of inaction is dooming economy

If you were shocked by Friday’s US jobs report, if you thought America was doing well and were taken aback by the bad news, you haven’t been paying attention. The fact is, the… Continue reading

Obama challenges GOP to compromise on debt

WASHINGTON (AP) — President Barack Obama raised the stakes Monday in talks aimed at preventing an unprecedented U.S. default, saying there would be no agreement if Republicans did not compromise and that he… Continue reading

9% Unemployment Rate is a Statistical Lie

The Bureau of Labor Statistics (BLS) released the latest unemployment figures last Friday.  There was a stunning drop to 9% from 9.4%.  How did that happen?  Is the economy really getting better or… Continue reading

Exclusive – EU calls emergency meeting as crisis stalks Italy

(Reuters) – European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread… Continue reading

Over 1,400 arrested, tear gas fired in Malaysia protest

(Reuters) – Malaysian police fired repeated rounds of tear gas and detained over 1,400 people in the capital on Saturday as thousands of activists evaded roadblocks and barbed wire to hold a street… Continue reading

Jobs growth stalls, setting back recovery hopes

(Reuters) – U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in… Continue reading

12 Signs the World is Running Out of Food

#1 More than 3 billion people, close to half the world’s population, live on less than 2 dollar a day. #2 Over the past year, the global price of food has risen by… Continue reading

A 2004 secret report warned of catastrophes and coming global upheaval

This is a chilling article and we reexamine what was written some 7 years ago, in 2004, in light of recent earthchanges. Here’s the UK article in part that appeared in the Guardian:… Continue reading

World food prices near record high, says UN agency

Global food prices rose sharply in June, according to the UN Food and Agriculture Organisation (FAO), after a steep increase in the price of sugar. The price of sugar rose by 14% last… Continue reading

European debt crisis: Portugal is latest domino to fall

European debt crisis: the German chancellor, Angela Merkel, needs to accept that the richer EU nations took a risky bet in buying Portuguese debt. Photograph: Picture Perfect/Rex Features There is a growing sense… Continue reading

S&P: We’ll Drop U.S. Debt Rating From AAA to D in August

Standard & Poor’s, the credit rating agency, will drop the United States’ debt rating from a pristine triple-A to a pathetic D if Republicans and Democrats cannot agree on a deal by August… Continue reading

Financial storm clouds of unprecedented intensity gathering on the horizon

July 3, 2011 – If you thought the global financial crisis of 2008 was bad, wait till you sit through the sequel. The world should be preparing for some very difficult days ahead. An unprecedented… Continue reading

Selling gold teeth to make ends meet in Greece

(Reuters) – A smartly dressed woman waits as a young man behind a glass screen weighs her gold earrings, bracelets and rings and counts out 1,600 euros. “I’ll see you again soon,” she… Continue reading

Dollar seen losing global reserve status

The US dollar will lose its status as the global reserve currency over the next 25 years, according to a survey of central bank reserve managers who collectively control more than $8,000bn. More… Continue reading

European Banks Scrambling to Prevent Default by Greece

European banks and insurers are scrambling to prevent a default by Greece amid worries that Greece’s parliament won’t pass a much-needed austerity plan next week. The focus right now is on a voluntary… Continue reading

Ron Paul worries Fort Knox gold is gone

WASHINGTON (CNNMoney) — With the price of gold at record highs, presidential candidate Rep. Ron Paul wants to make sure the U.S. gold bars at Fort Knox are really there. Paul called a… Continue reading

Drought & wildfire crisis: state of emergency issued for 33 counties in Oklahoma

June 24, 2011 – OKLAHOMA CITY — Lt. Gov. Todd Lamb has declared a State of Emergency for 33 Oklahoma counties because of extreme or exceptional drought conditions and associated wildfires. Lamb issued… Continue reading