Surviving The Coming Years In North America, Europe & The Rest Of The World

The Ugly Stepsisters

Name that country: surging debt, a rapidly falling currency, a sclerotic political system, and a central bank pulling out all the stops to revive a stagnant economy.

If you guessed either Japan or the United States, both would be the correct answer. This week, the similarities between two of the world’s economic heavyweights became more apparent, with both starting to resemble ugly twin sisters. Read More: Economic Woes Turn US, Japan Into Ugly Stepsisters

20% Market Slide?

Marc Faber warns of 20% market plunge- The Swiss investment analyst and entrepreneur spoke with Fox Business Network on what to expect from the markets during a second Obama term and about the impending fiscal cliff. “I think from the peak the market will drop at least 20%. I think we will revisit the lows of June at 1,266 on the S&P.” On the markets’ reaction to the election he added, “I’m not surprised the market is selling off because technically the market was weak already for a couple of months and we are in a downtrend and Mr. Obama’s economic policies are obviously not very good for an economic expansion.” Read more:Why Marc Faber Predicts A 20% Market Slide

Austerity and Low Wages will Lead to Years of Recession

MREs

MRE info

Eating A Military MRE...

The Next Crash

Anyone who thinks the U.S. is in recovery should stop listening to the mainstream media and listen to John Williams. He heads up http://www.shadowstats.com/, and is one of the few economists who crunches the numbers to give unvarnished true statistics. Adjusted for real inflation of about 7%, Williams says, "GDP has plunged, and we have been bottom bouncing" ever since the financial crisis started. Williams says, "The next crash will be a lot worse (than 2008) because it will push us into the early stages of hyperinflation." He predicts this will happen "by the end of 2014" at the latest. Long before 2014, Shadowstats.com thinks there is a good chance of "panic selling of the U.S. dollar," if the Federal Reserve starts another round of money printing (QE3) to save the system and the big banks. No matter what Williams predicts, "There will eventually be a crisis to bring the system down as we know it. . . . We're on the brink." According to Williams, "at some point, you will see a new currency in the U.S." The founder of Shadowstats.com sat down for a one on one interview with Greg Hunter to talk about the mathematical certainty of a systemic collapse in the not-so-distant future.-http://youtu.be/seBWlOMt2Tk

USAWatchdog.com

The Collapse of The American Dream Explained in Animation

Greek Great Depression: 'Everybody going down into black hole'

Food Prices Will Rise

Yesterday, the USDA reported that the average farm price for corn in the 2012/2013 season is projected to rise sharply from $4.20-$5.00 a bushel to $5.40-$6.40 due to the extreme heat and drought across corn country that has been wreaking havoc on crop production. For Americans, it means we can expect to see higher food prices coming to a store near you. Higher prices won't just be on ears of corn, but on all other products that depend on corn. The price of meat, milk, cereal, candy, and other food will all be impacted.

Read More: The Hidden Ingredient in Rising Food Costs

Perfect Storm

"Dr. Doom" Nouriel Roubini says the "perfect storm" scenario he forecast for the global economy earlier this year is unfolding right now as growth slows in the U.S., Europe as well as China.

Read More Roubini: My 'Perfect Storm' Scenario Is Unfolding Now

Roubini says there is virtually no chance that "pump primimg" will work this time and that the governing class should let the coming bust work itself out. They won't. They can't. Which means it will be worse than it has to be...

Economic Collapse Depression 2012

A Look Behind the Dismal Economic Data