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Get Ready: Economic Hell is Coming!

Tens of millions of American families are about to go through economic hell and most of them don’t even realize it…Most Americans realize that things seem “harder” these days, but most of them also have faith that things will eventually get better. Unfortunately, things aren’t going to get any better. The number of good jobs continues to decline, the number of Americans losing their homes continues to go up, people are having a much more difficult time paying their bills and our federal government is drowning in debt. Sadly, this is only just the beginning. [Let me explain.] Words: 1256

July 3rd, 2011 | Posted in Economic Overview,Economy | Read More »

Jim Sinclair: We are Way Over the Edge Already! Got Gold?

I wrote a piece recently called “Could America be Pushed over the Economic Edge?” about how Libya, Japan or even covert economic warfare from America’s enemies could push the U.S. into another financial meltdown. I received a one sentence email from my friend Jim Sinclair that said, “We are way over the edge right now.” His message gave me a sinking feeling. [Let me explain.] Words: 923

March 27th, 2011 | Posted in Economic Overview,Economy | Read More »

In Foreclosure? Don’t Worry! Your Bank Probably Can’t Prove They Own Your Mortgage!

When a home owner is forced into foreclosure, the case is presented to a judge for approval. Historically, if uncontested, a foreclosure has quickly led to a judgment in favor of the bank – to evict the owner and confiscate the property. However, in the last few years a growing number of homeowners have been contesting the foreclosures and demanding proof of the note – or ownership of the mortgage – and, in many cases, the note can’t be located by the bank. [As such,] the foreclosures are not being approved due to lack of documentation. Words: 719

October 2nd, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »

U.S. Economy Faces 5 Plausable Doomsday Scenarios

Most signs point to a slow and steady recovery, but what if the pessimists are right, again? What if the United States isn’t in the slow-lane to recovery, but rather on the precipice of another decline — a double dip? [If so,] where might this re-recession begin? Words: 988

September 21st, 2010 | Posted in Economy | Read More »

U.S. Mortgage Crisis to get MUCH Worse in 2011

The so-called U.S. news outlets are again talking about a “bottom” in the U.S. housing market – and trying to entice more victims to jump in. However, the reality is that mortgage statistics show that the collapse in the U.S. real estate market will continue to get worse until at least 2011. Words: 492

September 17th, 2010 | Posted in Housing Prices/Foreclosures | Read More »

U.S. Between a Rock and a Hard Place and Its Options Are – At Best – Dire!

It would appear that the U.S. is in an untenable position – between a rock and a hard place – in an inescapable debt trap – where the options are, at best, dire – hyperinflation or a deflationary depression! It would seem that all we can do is ride out the storm in a boat laden with gold. Words: 2283

September 16th, 2010 | Posted in Debts/Deficits,Economy | Read More »

Investors Should Prepare Now for Coming Inflationary Depression – Got Gold?

It is an old saying that the “road to hell is paved with good intentions”. Well, in recent years, that road has been changed to a super-highway! America was put on that super-highway a few years ago and right now we are traveling at break-neck speed toward the financial abyss. Words: 1132

August 12th, 2010 | Posted in Economy,Inflation/Deflation | Read More »

House Prices to Decline Further With Forthcoming Dramatic Increase in Foreclosures

If you think home prices have hit bottom and are now headed back up for good, think again! Round two is about to begin. Words: 552

May 15th, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »

Ever Increasing Foreclosures Mean Low House Prices for Many More Years

Anyone who sees a rising pool of millions of delinquent mortgages as the foundation of a recovery in housing valuations isn’t considering the feedback loop which is now firmly in place. The foreclosure pipeline will be full for years to come precluding any “recovery” in housing valuations as supply will swamp demand. Words: 385

April 20th, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »

Quinn: Gold Going to $1500, Silver to $20 and Oil to $100 This Year

Here are [6 of my 11] my prognostications in the areas of the economy, domestic politics, global geopolitics, and the investment markets: The US Dollar will fall to record low; house prices will fall a further 10%; interest rates will rise; unemployment rate will rise to 11%; oil prices will exceed $100; the stock market will drop 30%. Let’s hope I’m wrong! Words: 681

March 15th, 2010 | Posted in 2011-12 Forecasts,Economy | Read More »

 

WHAT'S HOT

  1. von Greyerz: Expanding Central Bank Balance Sheets Guarantee Massively Higher Inflation & Gold/Silver Prices – Here’s Why
  2. American Grads: Here’s a Great Guide to Personal Finance
  3. David Nichols: Expect to See $2,750 – $3,000 Gold By June 2013 – Here’s Why
  4. The 5 Stages of Collapse: Where Are We Currently?
  5. Alf Field Sees Silver Reaching $158.34 Based on His $4,500 Gold Projection!
  6. The GOOD, the BAD, and the Downright UGLY Factors Affecting the USD!
  7. S&P 500 Should Continue Climbing Until October and Then Decline 15-30%! – Here’s Why
  8. U.S. House Prices Have MUCH Further To Fall! Here’s Why
  9. U.S. Can NOT Avoid Coming Economic Collapse – No Matter What! Here’s Why
  10. Leeb: Gold Going to $3,000 Before the End of 2012!
  11. Creating More Inflation is Now the Official Policy of the Fed
  12. Ground Level Insights Into the “China Condition”
  13. Bock and Rickards Agree: Governments Want Gold to Go Higher!
  14. Williams STILL Believes a Hyperinflationary Great Depression is Coming! Here’s Why
  15. Governments Will Want – Will NEED – Much Higher Gold Prices! Here’s Why
  16. These Major U.S. Companies On Verge Of Collapse
  17. It’s Time to Buy Gold/Silver, Hide It, and Wait For the Smoke to Clear! Here’s Why
  18. Silver Will Go to $50 and Then Explode Dramatically Higher! Here’s Why
  19. Alf Field: Correction in Gold is OVER and on Way to $4,500+!
  20. Why Did the Baltic Dry Index Collapse? Here’s Why
  1. mygoldmygold: Wow…that’s a nice prediction…I don’t think we can predict 100% accurately...
  2. taluis: A punitive Sales or Capital Gains Tax on the sale of gold in an economic collapse (or similar situation) is...
  3. steviebee: But….if gold is going to $10,000, why should I only have “7 to 15% in Precious Metals”...
  4. GoldRate: it will be interesting to see if this triangle breaks up or down. We’ve had big volatility this week....
  5. Blindfolded Monkey: I don’t have quite the same negative view of Paul Krugman but I agree that it is clear that...


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