In his latest investor letter (via Gurufocus), Kyle Bass lays out his case that a wave of hard defaults is coming. His basic argument: The world is just saddled with too much debt. Throughout history, he says, total debt-to-GDP only ever breached 200% when nations were spending on war. Today we’re at 310%. Says Bass: “There is no savior large
Read moreThe euro is on the chopping block, and the dollar UUP – PowerShares DB U.S. Dollar Index Bullish Fund (NYSEARCA:UUP) isn’t far behind. ShadowStats.com’s editor John Williams’ just published a gloomy outlook for the U.S. due to the demise of the dollar and the emergence of hyperinflation that could be a reality as soon as 2014, due to the ongoing
Read moreBased on the astrological transit blackbox forecast of the UUP UUP – PowerShares DB U.S. Dollar Index Bullish Fund, it seems we are coming to another point where we face risk of systemic collapse, therefore expect another round of quantitative easing (QE3) as a result which will pull the trigger for massive dollar selling, moving the nation into much higher inflation. The banking system
Read moreWidening US protest rallies against the prevalence of top-level corruption, poverty, and social inequality in America, which began in September in New York, have now spread to more than 1,000 cities across the country. Rallies have spread from Freedom Plaza to McPherson Square, where “Occupy DC” is being staged by people that are younger and more grassroots. The widescale US protest
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WILLIAM STICKEVERS 