For years, people have been laughing at the horrific economic decline of Detroit. Well, guess what? The same thing that happened to Detroit is now happening to dozens of other communities across the United States. From coast to coast there are formerly great manufacturing cities that have turned into rotting, post-industrial war zones. In particular, […]
Trend forecaster, renowned for being accurate in the past, says…. The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table will be a more pressing […]
Almost two weeks ago an unidentified missile was launched from somewhere off the coast of Los Angeles, and wide speculation as to what the hell it was has followed. A leading theory is that a Chinese missile launched from a submarine. The Chinese have spent the last 30 years building their army and economy and […]
19 Facts About The Deindustrialization Of America That Will Blow Your Mind The United States is rapidly becoming the very first “post-industrial” nation on the globe. All great economic empires eventually become fat and lazy and squander the great wealth that their forefathers have left them, but the pace at which America is accomplishing this […]
Los Angeles- Trump: “China Will ‘Destroy’ Our Country”, Billionaire Donald Trump react to President Obama saying U.S shouldn’t contain China. [youtube TbUDfIzqpwU nolink]
The dollar’s slump could get far worse if the dollar index takes out last year’s low, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC Monday. “If the (dollar index) takes out the low that was made roughly a year ago I really think that will not only encourage more sales, it will cause a […]
By: Forrest Jones The United States has piled on so much debt that world is going to abandon the dollar, says Jim Grant, founder and editor of “Grant’s Interest Rate Observer.” “By the numbers, we are more encumbered now than we have ever collectively been,” Grant tells the Business Insider. The United States debt has […]
By: Dan Weil– The carnage isn’t over for the euro, which has dropped to a four-year low against the dollar, says investment guru Dennis Gartman. Europe’s financial crisis will continue to drive the common European currency down — below $1.20, says the publisher of The Gartman Letter. The euro recently traded at $1.2240. “It’s having […]
The dollar is on its way out, and the euro is on its way in as the world’s main reserve currency, says David Roche, global strategist at Independent Strategy. The euro will take over because Europe has a more solid fiscal policy than the U.S., he says. “We’ll actually produce a much stronger fiscal balance, […]
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations […]
