Recent World Events Indicate Impending Market Chaos
Recent World Events Indicate Impending Market Chaos
For the past couple years we have been covering every nuance of the economic collapse and in almost every instance we have come to the conclusion that 2010 would be the year that the U.S. would see an incredible downturn, possibly resulting in the inflationary disintegration of the Dollar, and a major stock market revolt which would destroy any remaining illusion Americans still have that a recovery is in progress:
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We are now on the edge of winter 2009, and recent events across the globe indicate more and more that our predictions for 2010 were correct. Let’s examine some of those events and their implications now…
Dubai: Why Should We Care?
Chinese Banks Frantically Try To Raise Capital?
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Either way, as soon as the Chinese begin pulling capital out of U.S. markets (in which they are heavily invested) we can expect to see the DOW falter drastically.
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Trouble Brewing In Japan
Gold Buying Bonanza By Foreign Central Banks
Bad Signs On The Homefront
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REAL unemployment... is around 18%.
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Real Estate continues to be incredibly weak, and mortgage payment delinquencies and bankruptcy have grown unabated
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Over 125 banks across the country have been closed in 2009.
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The FDIC has announced that it has officially run out of funds
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A climactic economic event is on the horizon, and the train is already in motion.
This article has some good info in it. For more information, go deeper.