Wednesday, September 29, 2010

77% of Americans now living paycheck-to-paycheck!!!

The employment company CareerBuilder, in partnership with Harris Interactive, conducts an annual survey to determine the percentage of Americans living paycheck to paycheck.

  • In 2007, 43 percent fell into this category
  • In 2008, the number increased to 49 percent
  • In 2009, the number skyrocketed up to 61 percent
  • In their most recent survey, the number exploded to a mind-shattering 77 percent

Yes, 77 percent of Americans are now living paycheck to paycheck. This means in our nation of 310 million citizens, 239 million Americans are one setback away from economic ruin.

link to report here

Tuesday, September 28, 2010

New Trend: Top US grads heading to India for employment

Breaking tradition, top American graduates are heading to India to find jobs and opportunity. Many believe that having experience in India is an important addition to their resume in this increasingly globalized world. Some say that its easier to find a good job in India than in the United States, as India's economy is growing while the US economy is predicted to shrink within the next year.

Saturday, September 25, 2010

Weekend Funnies - 25 Sept 2010

Click any image to enlarge - Enjoy!

My Depression (a closing funny):

Over five thousand years ago, Moses said to the children of Israel, "Pick up your shovels, mount your asses and camels, and I will lead you to the Promised Land."

Nearly 75 years ago, (when Welfare was introduced) Roosevelt said, "Lay down your shovels, sit on your asses, and light up a Camel, this is the Promised Land."

Today, Obama has stolen your shovel, taxed your asses, raised the price of camels and mortgaged the Promised Land!

I was so depressed last night thinking about Health Care Plans, the economy, the wars, lost jobs, savings, Social Security, retirement funds, etc., I called a Suicide Hotline where I had to press 1 for English. I was then connected to a call center in Pakistan. I told them I was suicidal. They got excited and asked if I could drive a truck.....

Thursday, September 23, 2010

Jim Rickards- Gold Standard is Plan B - Revalue Gold at $5000+ (Dollar is Collapsing)

Jim Rickards on CNBC talks about gold, the dollar and their relationship.

Baring hyperinflation, $5K gold sounds about right: Gold How high? (a Jan 2008 post)

News from early Friday Morning: Gold Climbs to $1,300 on Dollar Concern; Silver at 30-Year High

Excerpt: “Gold is showing there is no confidence in the dollar,” said Bernard Sin, head of currency and metal trading at bullion refiner MKS Finance SA in Geneva. Recent “data has been showing signs of a troubled economy. That’s why we’ve seen this huge buying for investors as a safe haven.”

Monday, September 20, 2010

The Curious Case For $936 Ounce Silver

GATA's Adrian Douglas makes the case for bullion bank metals price supression, and for the TRUE value of one ounce of gold and silver.

Wednesday, September 15, 2010

Nightline: The Modern Gold Rush

Should you invest in it? Is it in a bubble?

Ha! I think the better question would be: Should you stay in bubblicious dollar-denominated paper investments (someone else's liabilities)?

six minute video at link: (embedding was disabled):


Tuesday, September 14, 2010

Celente: Obama wrong then, wrong now

In a speech on the US economy in Ohio, US President Barack Obama said he recognized that the recovery has been painfully slow and he called on congress to act by cutting taxes for businesses and middle-income Americans while raising rates rise for the rich. Obama is insistent on letting the Bush tax cuts expire. Obama also called for the enactment of his six-year infrastructure plan that would cost US taxpayers $50 billion in the first year alone. Is this a proposed second stimulus? Gerald Celente of the Trends Research Institute argues that Obama was wrong on the economy before and is wrong now. He failed, says Celente. Obama got his stimulus; he got healthcare. It's not the Republicans fault. It is Obama's, he got what he wanted and the economy is still in recession, explained Celente. But, "he gives a great campaign speech."