Tag Archives: recession

Sign of Another Meltdown Approaching: Gold rises and breaks record

Gold rose to a record in London and New York as other commodities gained on speculation demand for raw materials will increase and as investors bought the metal to protect wealth from Europe’s financial turbulence. Get ready folks this is a sign another meltdown is on it’s way. If you’re an astrologer you know why I’m saying this. Read more at: http://www.bloomberg.com/news/2010-06-21/gold-rises-to-a-record-on-buying-from-investors-seeking-to-protect-wealth.html

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The Recession Is Over Update: Debt was the root of the crisis, spread “like a cancer”

Recession Is Over Update: The root of the crisis over the past couple of years wasn’t recession, but debt, which has spread “like a cancer,” according to Nassim Taleb, professor and author of the bestselling book “The Black Swan,” who is now relieved that public attention has shifted to debt, instead of growth. More at CNBC: http://www.cnbc.com/id/37610064

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Recession is Over Update: Nevada bank shut down

Recession is Over Update: Regulators on Friday shut down a Nevada bank, raising the number of U.S. bank failures this year to 83. The 83 closures so far this year is more than double the pace set in all of 2009. By this time last year, regulators had closed 40 banks. The pace has accelerated as banks’ losses mount on loans made for commercial property

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2010 Predictions: U.S. Society – Middle Class, Counter-Culture Movement

U.S. Society: Middle Class; Counter Culture Movement Many of the ideals and values embodied in the mid-sixties counter culture movement will make a major a revival and begin to take hold in mainstream society by the summer of 2010. (January 4, 2010) The inequality of wealth in the United States , between the declining middle class and the wealthy (top

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