Showing posts with label Economic Collapse. Show all posts
Showing posts with label Economic Collapse. Show all posts
Monday, November 14, 2011
Sunday, November 13, 2011
Thursday, October 20, 2011
Eric Sprott & Turd Ferguson on Precious Metals
"Forces are at Work that can Move the Prices Down." - -
Wednesday, October 19, 2011
The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System
Full Article...
Most people have no idea that Wall Street has become a gigantic financial casino. The big Wall Street banks are making tens of billions of dollars a year in the derivatives market, and nobody in the financial community wants the party to end.The word "derivatives" sounds complicated and technical, but understanding them is really not that hard. A derivative is essentially a fancy way of saying that a bet has been made. Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before.
Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.5 quadrillion. Keep in mind that the GDP of the entire world is only somewhere in the neighborhood of $65 trillion.
Tuesday, October 18, 2011
Thoughts on Urban Survival...
This is from Surviving in Argentina - FerFAL's blog... everyone should read it - it's a real eye-opener. I go to his blog at least monthly, usually more often.
Thoughts on Urban Survival
Thoughts on Urban Survival
Monday, October 17, 2011
Economic Rant
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. –W. Churchill
Please go watch this three minute video on the interest payments YOU as a taxpayer are paying. It is incomprehensive. Facts like this prove The Much Greater Depression started years ago. It is only three minutes and most informative.
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