Is The Greek Debt Crisis Being Purposely Hyped And Manipulated?

Everywhere you turn in the financial media right now you see some “expert” declaring that the Greek debt crisis has become a “contagion” which is going to spread all over the globe and which could potentially bring down the entire world economy.  Now certainly Greece has badly mismanaged their finances for decades, and without a doubt they have gotten themselves into a huge mess.  But could Greece bring down the entire world economy?  Hardly.  The truth is that you could remove Greece from the world economy tomorrow and most people would hardly notice.  The economy of Greece is only about 2% the size of the United States economy, and it takes in less than 0.1% of U.S. exports.  But we are being led to believe that Greece has suddenly become the epicenter of a financial crisis which is going to bring down everything.  Could it be that this Greek debt crisis is purposely being hyped and manipulated?  Could it be that this Greek debt crisis is yet another example of the “problem, reaction, solution” paradigm that the global elite have employed so many times before? (Read More...)

Has Gold Become A New Reserve Currency?

For decades, the U.S. dollar has been the reserve currency of the world.  This has given the United States an extraordinary amount of economic power, but as the U.S. economy has started to come apart over the past decade, other nations have increasingly sought to move away from the U.S. dollar and find other alternatives.  For a long time it was thought that the Euro would become the next great reserve currency of the world.  However, the recent Greek debt crisis, along with massive financial instability in nations such as Portugal, Spain and Italy, has caused investors to rapidly lose confidence in the Euro.  In fact there are even some whispers that the Euro may not even survive the sovereign debt crisis as it sweeps across Europe.  With both the U.S. dollar and the Euro looking shaky, investors have been searching somewhere safe to put their money.  Increasingly, they have been turning to gold.  So has gold now become a new reserve currency?  Will all of this new demand drive the price of gold into unprecedented territory? (Read More...)

8 Theories For Why The Stock Market Plunged Almost 1000 Points In A Matter Of Minutes On May 6th

In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points on Thursday, May 6th before bouncing back to close down 347.80 points.  This represented the biggest intraday decline since 1987.  But what made this crash so absolutely shocking is that it happened in the course of less than an hour.  Between 2 p.m. and 3 p.m. the Dow lost over 700 points before dramatically bouncing back about 600 points.  Two of the 30 stocks in the Dow, Procter & Gamble and 3M, plunged more than 30% in just 15 minutes.  Accenture went from trading at around 40 dollars a share all the way down to one cent before bouncing back.  Traders and investors were left completely stunned and wondering what in the world had just happened. (Read More...)

Will The Gulf Of Mexico Oil Spill Be An Economic Disaster That The Gulf Coast Will Never Recover From?

As a silent blanket of black goo that is now about the size of the state of Florida slowly but relentlessly drifts towards the Gulf Coast, communities in the region are bracing for an economic catastrophe that is being described as a “slow motion Katrina”.  Still reeling from the effects of Hurricane Katrina after all these years, many who depend on the Gulf of Mexico for their livelihood fear that the massive oil spill heading their way could prove to be an economic disaster from which they will never recover.  Thousands of businesses in the region could go under before all of this is over, and millions could lose their jobs.  As the gigantic mass of black oil kills and maims all the wildlife it encounters, and as it pushes dangerously close to the coastal wetlands, many residents are predicting that two of the most important industries in the region – seafood and tourism – will be completely and totally destroyed. (Read More...)

How Is The U.S. Economy Supposed To Succeed When Our Politicians And The Big Banks Are Making Billions Of Dollars Betting Against It?

Most people around the globe think of America as a great “capitalist” economic machine, but the truth is that the U.S. financial system is essentially one massive betting parlor at this point.  In fact, there has been a whole lot of easy money made in this betting parlor over the past several years by our politicians and by the big financial players down on Wall Street.  So how did they make all of this money?  They did it by betting against America.  By betting that the U.S. economy would do badly, a lot of very powerful people have gotten insanely wealthy.  Literally billions of dollars have been made over the past five years simply by betting that the U.S. housing market would go into the toilet.  But is all of this “short selling” and are all of these “side bets” actually good for the American economy?  How is the U.S. economy supposed to succeed when the big banks and so many of our politicians are actively making bets against it? (Read More...)

Created Out Of Thin Air – That Is Where The Federal Reserve Got The 1.3 Trillion Dollars That It Bought All Of Those Mortgage Backed Securities With

When the mainstream media told the American people that the Federal Reserve was going to “help” the housing industry by buying up hundreds of billions of dollars worth of toxic mortgage backed securities, very few people probably even stopped to wonder where all of that money was going to come from.  Well, the truth is that it did not come from anywhere.  It was made up out of thin air.  In fact, a total of 1.3 trillion dollars was just “printed into existence” so that the Fed could soak up these problematic securities (and help their buddies down on Wall Street in the process who were desperate to dump them).  During a recent Joint Economic Committee hearing on Capital Hill, U.S. Representative Ron Paul directly confronted Federal Reserve Chairman Ben Bernanke about this 1.3 trillion dollars.  As Ron Paul described how this 1.3 trillion was just created out of thin air, all Bernanke could do was nod his head.  Why?  Because it was the truth. (Read More...)

Why Do So Many Bad Things Keep Happening To The United States?

At a time when the American economy is already reeling like a drunken sailor, the United States is being hit by what seems like an endless parade of horrible disasters that threaten to push the fragile financial system over the edge.  The massive oil spill in the Gulf of Mexico that is now destroying not only the the entire economy of the Gulf Coast but also the entire way of life for hundreds of thousands of people is getting all the headlines right now, but it is far from the only major crisis that has hit the United States recently.  The old saying, “when it rains it pours”, is certainly applicable to the United States right now.  Already faced with some of the biggest economic problems in a generation, America is also being forced to deal with horrifying natural disasters, rapidly growing environmental nightmares and agricultural problems that could end up being absolutely unprecedented.  So why do so many bad things keep happening to the United States?  Does there come a point when the economic damage from all of these disasters just becomes too much?  After all, how many body blows can the “biggest economy in the world” take and still remain standing?   (Read More...)

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