Marc Faber was asked by Bloomberg what the economy of China will be one year from now. He answered that China one year from now will be in a recession, although it could be a ‘technical recession’. What he means by a “technical recession” was a decrease in economic growth rate. Within one year he [...]
Archive for May, 2011
Matt Taibbi: Nothing Stops Big Banks from Ripping off People Again
May 29th, 2011 
Elisheva Wiriaatmadja 
Contributing editor of Rolling Stones Magazine, Matt Taibbi, is interviewed on Russia Today. The investigative journalist says that the fact that those responsible for the recent economic crisis have not been held accountable is setting a very dangerous trend. There have been massive bailouts and enormous public anger towards that but nothing has been done [...]
Marc Faber: Prepare for Another War
May 27th, 2011 Elisheva Wiriaatmadja (Benzinga.com) Marc Faber of the “Gloom, Boom & Doom” report spoke at the Ira Sohn Conference yesterday, and talked about the destructive nature of U.S. monetary and fiscal policy, and a way to play it. Faber said that U.S. monetary and fiscal policy has created more volatility, and we can expect more of that going [...]
Consumer Debt Reverses Downward Trend
May 24th, 2011 Elisheva Wiriaatmadja The total of all consumer debt has been steadily decreasing over the past two years—it was down 8.2% from its peak in 2008. But a new report released by the Federal Reserve Bank of New York, based on a survey of a nationally representative random sample from Equifax Inc., could suggest otherwise. The report shows [...]
Gerald Celente: Not Even Returning to Gold-Standard Will Save the US
May 22nd, 2011 Elisheva Wiriaatmadja The whole world is losing more and more confidence in the US dollar. Because of the declining value of the greenback, Zimbabwe is planning to return to using gold-backed currency in order to save the economy. Even Mexico just bought 100 tonnes of gold according to the Mexican Central Bank because of the lack of [...]
Posted in Gerald Celente, Videos 
Tags: gerald celente, gold, gold price, gold standard 
No Comments »Zimbabwe May Sell Diamonds to Launch Gold-Backed Currency
May 21st, 2011 Elisheva Wiriaatmadja 
(CommodityOnline.com) Zimbabwe may sell diamonds for gold, so that it can have a gold-backed currency, according to a recent proposal from the governor of Zimbabwe’s central bank. The Zimbabwean dollar is no longer in active use after it was officially suspended by the government due to hyperinflation. The United States dollar, South African rand, Botswanan [...]
Fighting Back Against Debt Collectors
May 18th, 2011 Elisheva Wiriaatmadja Debt collectors are known for hassling consumers, and in their desperation to collect money, some are even resorting to questionable tactics. According to the Federal Trade Commission (FTC), complaints about debt collectors rose by 17% in 2010. This number has tripled since 2002, and accounts for 27% of all FTC complaints.
US Dollar’s Days Numbered, Zimbabwe Ambitious to Lead the World into Gold Economy
May 18th, 2011 Elisheva Wiriaatmadja 
Last year I posted an article and a video showing how Indonesians have turned to precious metal in their daily trading. Unlike people in the western world, Asians, including Indonesians, have always backed their savings and wealth with gold and silver. Today in Zimbabwe, the government is now finally considering to back their currency with [...]
Spain – Too Big To Fail
May 16th, 2011 Elisheva Wiriaatmadja The latest efforts to prevent eurozone members and the single currency falling into the financial abyss begin later. European ministers will meet to discuss the effectiveness of bailouts for Portugal and Greece. Concerns have been raised that the measures are not working in Greece. While Portugal’s crumbling economy is desperate for a 78 billion euro [...]
5 Ways to Cut Every Day Bills
May 15th, 2011 Elisheva Wiriaatmadja When you want to save money, there’s a good chance that you’re going to start looking over your monthly budget to see where you can cut corners. What many people don’t realize is that most of their spending comes outside of their monthly budget such as food, shopping and more.
