Stocks plunged again Thursday as more investors woke up to the possibility that economic problems such as Europe's debt crisis might spread around the world and stop the growing recovery in the US. Webster Tarpley says that the International Monetary Fund has come into Greece and says: with 18% unemployment Greece is going to have a deflation program where they will have an austerity regime.
Friday, May 21, 2010
Thursday, May 20, 2010
Euro Collapse Looms? Interview w/William Engdahl
Germany's Chancellor Angela Merkel says the Euro currency is at risk and that Europe faces its greatest challenge since the EU was formed. It comes as stock markets in Europe and Asia tumbled on the surprise news that Berlin was banning types of 'short selling' where investors profit by betting that shares will drop in value.
Engdahl nails the key (unspoken by MSM) point that the whole EU crisis is a diversion brought about by Wallstreet's orchestrated financial warfare - to direct focus away from US financial system / dollar woes and harm the Euro (the only real alternative reserve currency to the US Dollar)
Engdahl nails the key (unspoken by MSM) point that the whole EU crisis is a diversion brought about by Wallstreet's orchestrated financial warfare - to direct focus away from US financial system / dollar woes and harm the Euro (the only real alternative reserve currency to the US Dollar)
Wednesday, May 19, 2010
Dow Theory Guru Russell: Stocks Risk Meltdown
Stock may plunge big-time, so investors should get out of the market, says Richard Russell, editor of the Dow Theory Letters.
The important indicators are the Dow Jones industrial average and the Dow Jones transportation average, he wrote in a note to subscribers.
“If the two averages violate their May 7 lows, I see a major crash as the outcome,” Russell said, according to Bloomberg.
“Get out of stocks now (except for gold related shares), and I don’t give a damn whether you have paper losses or paper profits.”
The May 7 low for the Dow industrials was 10,221, about 1.5 percent below recent levels.
And the low for the transportation average was 4,243, about 1.4 percent below recent levels.
“If I read the stock market correctly, it’s telling me that there is a surprise ahead,” Russell wrote. “And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead.”
Link
The important indicators are the Dow Jones industrial average and the Dow Jones transportation average, he wrote in a note to subscribers.
“If the two averages violate their May 7 lows, I see a major crash as the outcome,” Russell said, according to Bloomberg.
“Get out of stocks now (except for gold related shares), and I don’t give a damn whether you have paper losses or paper profits.”
The May 7 low for the Dow industrials was 10,221, about 1.5 percent below recent levels.
And the low for the transportation average was 4,243, about 1.4 percent below recent levels.
“If I read the stock market correctly, it’s telling me that there is a surprise ahead,” Russell wrote. “And that surprise will be a reversal to the downside for the economy, plus a collection of other troubles ahead.”
Link
New Trailer to Michael Maloney's Upcoming DVD on Gold and Silver
Michael Maloney's upcoming DVD on gold and silver is supposed to convince people the case for buying gold and silver - and I think (for a short video clip) it does a pretty good job.
Here's the old trailer:
Here's the old trailer:
Tuesday, May 18, 2010
Saturday, May 15, 2010
Wednesday, May 12, 2010
Peter Schiff on CNBC: Gold to $10,000/oz? 5/11/10
"The economy is rebounding?" Ha! Where do they hire such ignorant schleps? Some of these CNBC Meathead interviewers are embarassingly beyond help.
Sunday, May 09, 2010
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