#1 According to one new survey, approximately one-third of all Americans are not paying their bills on time at this point.
#2 The U.S. housing industry is bracing for another huge wave of foreclosures in 2012. The following is from a recent Reuters article....
#3 The Citigroup Economic Surprise Index, a key indicator watched by many economists, is on the verge of heading into negative territory.
#4 We are supposed to be in the middle of an economic recovery in the United States, but bad news just keeps pouring in from major companies. For example, Yahoo is firing thousands of workers and Best Buy is closing dozens of stores.
#5 Richard Russell says that the "big money" is starting to quietly exit from the financial markets....
#6 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.
#7 All over the country, local governments are going into default and we have not even entered the next recession yet.
#8 The U.S. government will add more to the national debt in 2012 than it did from the time that George Washington became president to the time that Ronald Reagan became president.
#9 The Federal Reserve is desperately trying to control interest rates. The Fed purchased approximately 61 percent of all government debt issued by the U.S. Treasury Department in 2011. This is the only thing that is keeping interest rates in the United States from soaring dramatically.
#10 German industrial production is falling at a pace that is far faster then expected.
#11 Italy's debt-to-GDP ratio is now up to 120 percent.
#12 The Spanish government admitted on Tuesday that Spain's debt-to-GDP ratio will rise by more than 11 percent this year alone.
#13 Yields on Spanish bonds are rising to dangerous levels.
#14 The Spanish government is projecting that the unemployment rate in Spain will exceed 24 percent by the end of the year.
#15 Unemployment in the eurozone as a whole has risen for 10 months in a row and is now at a 15 year high.
#16 In the aftermath of a 77-year-old retiree killing himself in front of the Greek parliament in protest over pension cuts, the economic rioting in Greece has flared back up dramatically.
#17 At this point, Greece is experiencing an economic depression with no end in sight. Some of the statistics coming out of Greece are really hard to believe. For example, one port town in Greece now has an unemployment rate of approximately 60 percent.
#18 The IMF is asking the United States to contribute more money for European bailouts.
#19 At this point, even some of our top scientists are projecting economic trouble. For example, researchers at MIT are projecting a "global economic collapse" by the year 2030 if current trends continue.
Rayzz,Campus Police Pepper Spray Santa Monica College Students,Revolutionary Politics shares the latest videos about the Economy and Politics that the major news networks refuse to cover. Watch and participate!
A new study from researchers at Jay W. Forrester's institute at MIT says that the world could suffer from "global economic collapse" and "precipitous population decline" if people continue to consume the world's resources at the current pace.
“There is no danger that Titanic will sink. The boat is unsinkable and nothing but inconvenience will be suffered by the passengers.” – Phillip Franklin, White Star Line Vice-President, 1912
“The bottom line is no ship is unsinkable. No matter how safe a ship is, if you drive it full speed into a rock, it is likely to sink.” – Tony Selman, Vice Chairman of the Radio Officers’ Association, 2012
Many of our readers might find it difficult to appreciate the actual meaning of the figure, yet we can grasp what 85 times more Cesium-137 than the Chernobyl would mean. It would destroy the world environment and our civilization. This is not rocket science, nor does it connect to the pugilistic debate over nuclear power plants. This is an issue of human survival.
If an earthquake or other event were to cause this pool to drain this could result in a catastrophic radiological fire involving nearly 10 times the amount of Cs-137 released by the Chernobyl accident.