Marc Faber Questions if Dow Could Hit 1,000

In the August edition of the ‘The Gloom, Boom & Doom Report’ Marc Faber questions whether the Dow could hit 1,000 as predicted by Robert Prechter, based on his interpretation of Elliot Waves, Fibonacci numbers and socioeconomic trends.

Prechter, who has written 13 books on finance, believes that the stock market is historically overvalued in terms of dividends and earnings, because of a "great rise in positive social mood."

But the mood changed in 2000 and the "trend toward negative social mood will lead to an economic contraction," according to Prechter.

"Small bear markets lead to recessions, big bear markets lead to depressions. The current bear market will be the biggest in nearly 300 years, so the depression will be correspondingly deep," Prechter said.

Prechter goes onto to suggest the bear market is of super-cycle degree, the biggest since 1720-1784 and will therefore see a decline for equities deeper than the decline during the great depression, which saw the Dow fall 89 percent.

"The trend toward negative social mood that has been in progress since 2000 and which is about to accelerate will continue to curtail lending and lead to a tidal wave of defaults and a terrific deflation," he said.

"The amount of outstanding credit today is so large that system-wide defaults could lead to as much as an 80 percent –90 percent decline in the volume of dollar-denominated credits worldwide," according to Precther.
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And how do you trade the Dow at 1,000?

One suggestion from Faber is buying a self-sustainable farm in the middle of nowhere surrounded by high voltage fences and barbed wire and equipped with booby traps and an arsenal of machine guns, hand grenades and armed vehicles guarded by vicious Dobermans.

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US Treasury Is Running on Fumes

The White House is screaming like a stuck pig. WikiLeaks’ release of the Afghan War Documents “puts the lives of our soldiers and our coalition partners at risk.”
What nonsense. Obama’s war puts the lives of American soldiers at risk, and the craven puppet state behavior of “our partners” in serving as US mercenaries is what puts their troops at risk.
Keep in mind that it was someone in the US military that leaked the documents to WikiLeaks. This means that there is a spark of rebellion within the Empire itself.
And rightly so. The leaked documents show that the US has committed numerous war crimes and that the US government and military have lied through their teeth in order to cover up the failure of their policies. These are the revelations that Washington wants to keep secret.
If Obama cared about the lives of our soldiers, he would not have sent them to a war, the purpose of which he cannot identify. Earlier in his regime, Obama admitted that he did not know what the mission was in Afghanistan. He vowed to find out what the mission was and to tell us, but he never did. After being read the riot act by the military/security complex, which recycles war profits into political campaign contributions, Obama simply declared the war to be “necessary.” No one has ever explained why the war is necessary.
The government cannot explain why the war is necessary, because it is not necessary to the American people. Any necessary reason for the war has to do with the enrichment of narrow private interests and with undeclared agendas. If the agendas were declared and the private interests being served identified, even the American sheeple might revolt.

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With the US bankrupting itself in wars, America’s largest creditor, China, has taken issue with America’s credit rating. The head of China’s largest credit rating agency declared: “The US is insolvent and faces bankruptcy as a pure debtor nation.”
On July 12, Niall Ferguson, an historian of empire, warned that the American empire could collapse suddenly from weakness brought on by its massive debts and that such a collapse could be closer than we think.
Deaf, dumb, and blind, Washington policymakers prattle on about “thirty more years of war.
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Restaurant Index Shows Contraction in June

Will Washington's Failures Lead To Second American Revolution?

The Internet is a large-scale version of the "Committees of Correspondence" that led to the first American Revolution — and with Washington's failings now so obvious and awful, it may lead to another.
People are asking, "Is the government doing us more harm than good? Should we change what it does and the way it does it?"
Pruning the power of government begins with the imperial presidency.
Too many overreaching laws give the president too much discretion to make too many open-ended rules controlling too many aspects of our lives. There's no end to the harm an out-of-control president can do.
Bill Clinton lowered the culture, moral tone and strength of the nation — and left America vulnerable to attack. When it came, George W. Bush stood up for America, albeit sometimes clumsily.
Barack Obama, however, has pulled off the ultimate switcheroo: He's diminishing America from within — so far, successfully.
He may soon bankrupt us and replace our big merit-based capitalist economy with a small government-directed one of his own design.
He is undermining our constitutional traditions: The rule of law and our Anglo-Saxon concepts of private property hang in the balance. Obama may be the most "consequential" president ever.
The Wall Street Journal's steadfast Dorothy Rabinowitz wrote that Barack Obama is "an alien in the White House."
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AMERICAN TRUCKING ASSOCIATION: THE ECONOMY IS SLOWING

The quote of the week comes from Bob Costello, Chief Economist of the American Trucking Association who is warning of an economic slowdown:

ATA Chief Economist Bob Costello said that the two sequential decreases reflect an economy that is slowing.  Furthermore, growth in truck tonnage is likely to moderate in the months ahead as the economy decelerates and year-over-year comparisons become more difficult.  Nevertheless, Costello believes that tonnage doesn’t have to grow very quickly at this point since industry capacity has declined so much.  “Due to supply tightness in the market, any tonnage growth feels significantly better for fleets than one might expect.”

This came on the back of yesterday’s data release showing the second consecutive month of declines in truck tonnage:

The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.4 percent in June, although May’s reduction was revised from 0.6 percent to just 0.1 percent.  May and June marked the first back-to-back contractions since March and April 2009.  The latest reduction lowered the SA index from 110.1 (2000=100) in May to 108.5 in June.

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Administration Trying To Close Websites: Obama Pal Filing Rash of Media Lawsuits Against Bloggers?

Group launches 80 copyright infringement claims against websites, bloggers.

A company working on behalf of a Las Vegas newspaper has filed a spate of copyright-infringement lawsuits against as many as 80 individuals and publications since March, and now bloggers reveal the CEO may have crossed paths with Barack and Michelle Obama during their stints at a Chicago law firm.

According to Wired.com, copyright group Righthaven has filed more than 80 federal lawsuits against websites and bloggers who posted articles from the Las Vegas Review-Journal.

Wired.com has described the copyright suits as a new "business plan."

The media site said the strategy is to "monetize news content on the backend, by scouring the Internet for infringing copies … then suing and relying on the harsh penalties in the Copyright Act … to compel quick settlements."

According to his online work profile, Steven A. Gibson, CEO of Righthaven, studied law at the Chicago-Kent University of Law and graduated with honors in 1990.

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Google, CIA Invest in ‘Future’ of Web Monitoring
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8 Reasons Why It's Getting Worse

1. U.S. orders for durable goods fell 1.0% in June. Economists expected them to rise 1.0%. Excluding the volatile transportation sector, orders fell 0.6% and shipments were down 1.3%. Inventories rose for the sixth month in a row, indicating goods are being produced, but they're not moving out the door.
2. Industrial output in China fell 2.8% in June. A "potential weakening of the global economy" was cited as the cause.
3. The ECRI (Economic Cycle Research Institute) weekly leading indicators index has fallen as low as minus 10.5. There has never been a case when it has gotten this low and there hasn't been a recession.
4. The Consumer Metrics Institute's Growth Index has been negative since January and is now around minus 3.0 (it fell to around minus 6.0 in August 2008). It leads U.S. GDP by approximately two quarters.
5. The U.S. trade deficit widened in May and was the largest in 18 months. This happened even though oil imports fell over 9%. Rising oil imports are usually the factor that makes the trade deficit go up. The trade deficit subtracts from GDP.
6. After a sharp drop in June, U.S. consumer confidence fell even more in July. The Conference Board's latest reading was 50.4. As usual, economists' estimates were on the high side. A reading of 90 or above indicates a robust economy. Before the most recent recession, consumer spending was 72% of GDP.
7. U.S. weekly unemployment claims refuse to drop below 400,000, the approximate dividing line between recession and non-recession. At no point during the current "recovery" have they gotten that low. The unadjusted number of claims for the week of July 17th was 498,000. Even though companies are reporting huge earnings increases and raising estimates for next quarter, more and more workers continue to lose their jobs.
8. The economic cheerleader-in-chief, Fed Chair Ben Bernanke, gave a gloomy report on the U.S. economy last week in his bi-annual testimony before congress. Bernanke didn't see the subprime crisis coming, nor did he realize the U.S. was in a recession in the spring of 2008, months after the recession had begun. So if even he admits the economy is weak, it must really be in bad shape. Bank of England Governor Mervyn King, has also recently stated, "Britain can't be confident that a sustained recovery is under way."
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Top Trader Warns Of Hyperinflation

"Trader Vic" Sperandeo is on CNBC describing the historical pattern for the onset of hyperinflation, and says the conditions for such a runaway inflation are now here in the US.

We're getting more familiar with these types of extreme forecasts as our economy drifts into unchartered territory. It seems market watchers are almost growing accustomed to hearing predictions about a coming hyperinflation or a looming deflationary depression.

Still, it should be noted that Sperandeo is a serious guy and a very serious researcher (my observations based on reading his work and listening to his interviews). His knowledge of economic history and the nature of money creation and business cycles is profound. So while the forecasted event is an extreme and rare event, don't dismiss Vic as "just another scaremonger".

It is striking to note that while Vic is arguing his case for the likelihood of hyperinflation, in effect the spiralling collapse of a society and an economy, he is interrupted by the CNBC girl who wants to know "what the trade is" in this scenario. Cable TV never ceases to amaze.
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Inflation Or Deflation

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It is my thesis that the inflation, deflation debate is flawed because we no longer have reliable price signals. The overwhelming domination of program trading on various exchanges has fundamentally changed the way prices are created and represented in the economy. All 'efficient market' theories are dead.
In place of reliable price signals (based on the supply and demand of buying and selling) we have price signals that are generated by computer algorithms; i.e., computers executing program trading, high frequency trading and algorithmic trading -- that account for up to 70% of the trading activity on the NYSE (or 100%, if you consider any shares traded -- not involved in program trading -- can't buck the pricing monopoly of the computers).
Program traders have a virtually infinite line of credit, pay virtually zero commissions, and are backed by banks on Wall St. with strong political connections who are ready to bail out any losing bets these computers make.
Plus, the computers are able to do something normal buyers and sellers can't do. They can pick a price they want a security to trade at and then fill in all the necessary trading volume needed to get the price of the security to that point. In other words, you can program computers to rig markets.


In this new rigged market capitalist model, the corrupt bank picks the price it wants a security to trade at and the computers buy and sell with each other until that price is reached; thus providing an audit trail of trades that looks on the surface like actual price discovery.


And each price manufactured by computers generates a reaction price in every other security and commodity as the rigged market price signal ripples throughout the interconnected securities market around the world.
What's being masked is that the actual supply of money in the system is falling.
The major measures of money supply have all turned down. Credit has evaporated. The velocity of the multiplier effect of fractional reserve lending has disappeared. The volume of fake trades is inflating while the actual supply of money and credit is deflating.


In place of an exchange where buyers and sellers transact with each other to their mutual advantage, we now have 'Simflation,' a hologram of fake price signals masking the worst deflationary depression since the 1930's.
The only market that inches higher in real terms at the moment -- as the financial hologram and the U.S. dollar -- the fundamental economic particle of this economic hologram disintegrates -- is gold..
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Obama Says Gratified That US economy is turning around for the better?

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American Empire On The Brink Of Extinction

Niall Ferguson, writing in The Australian, believes that the American Empire could be on the brink of extinction. His theory, based on a historical critique of how empires fracture and fall, notes the fiscal instability of the Hapsburg Spanish, Bourbon French, and British Empire prior to their falls.

Ferguson then notes that the American Empire could be next, not just because of the size of its debt, but because of the size of payments needed to service that debt. He suggests that debt servicing costs, specifically interest payments, could rise above that of defense spending within the next decade.

And that's where it gets frightening for Ferguson, who notes that those cuts in defense spending would lead to the decline of the U.S. Empire, a withdrawal from portions of the world, and the expansion of China in the Asia-Pacific region.

Read more: Here..

Can't Clean Up the Next Disaster

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Most of us know there is not enough money in the world to clean up the Gulf. The same is true with the $700 trillion derivatives market. If just 1% of the $700 trillion derivatives market goes bust, that is a $7 trillion disaster. The entire U.S. economy is only $14 trillion annually. A 10% failure, equating to $70 trillion, would probably bring down the world economy. As with the BP Gulf disaster, there is not enough money in the world to clean up the next BP disaster.
Could such a financial disaster happen? The answer is "Yes." In fact, just as President Obama pressured BP into doing the "right thing," he is also pressuring the financial markets to do the right thing. The president and our congressional leaders are pushing through financial reform legislation. My concern is that, if not handled delicately, it is this financial reform that will set off the derivative time bomb... the next BP.
Currently, derivatives are traded over-the-counter, also known as off-exchange trading. This means derivatives are uncontrolled, unregulated, and unsupervised. The proposed financial reform legislation is pushing to have derivatives traded through an exchange. This will bring greater transparency and control. My concern is, when this happens, the reform will reveal fraud and failures we do not yet know about today. It will be like turning on the light and watching the cockroaches (bankers) run for cover.
While it is commendable that President Obama holds the rich and powerful accountable, I wonder what the price will be.
How many BPs can we afford?

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Government Admits We Are Finished: Taxes Cannot Pay Off Debt

Over the past few years, U.S. government debt held by the public has grown rapidly—to the point that, compared with the total output of the economy, it is now higher than it has ever been except during the period around World War II. The recent increase in debt has been the result of three sets of factors: an imbalance between federal revenues and spending that predates the recession and the recent turmoil in financial markets, sharply lower revenues and elevated spending that derive directly from those economic conditions, and the costs of various federal policies implemented in response to the conditions.

Further increases in federal debt relative to the nation’s output (gross domestic product, or GDP) almost certainly lie ahead if current policies remain in place. The aging of the population and rising costs for health care will push federal spending, measured as a percentage of GDP, well above the levels experienced in recent decades. Unless policymakers restrain the growth of spending, increase revenues significantly as a share of GDP, or adopt some combination of those two approaches, growing budget deficits will cause debt to rise to unsupportable levels.

Although deficits during or shortly after a recession generally hasten economic recovery, persistent deficits and continually mounting debt would have several negative economic consequences for the United States. Some of those consequences would arise gradually: A growing portion of people’s savings would go to purchase government debt rather than toward investments in productive capital goods such as factories and computers; that “crowding out” of investment would lead to lower output and incomes than would otherwise occur.
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A Depression Much Greater Than The 1930's Is Coming

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To understand the intractable, if not impossible, financial problems in the U.S., see "Spiraling to Bankruptcy." Conditions in Europe are similar to the U.S.'s. As pointed out in "Welfare States R.I.P.," all democratic welfare states are on the verge of default.

It is necessary to provide only a short list of economic problems to see the critical condition we are in:

• Virtually everything you look at is broken and unfixable, from both a mathematical and political standpoint.
• All democratic welfare states are insolvent and incapable of meeting their obligations.
• Sovereign defaults are likely and will likely occur in domino fashion.
• Insane economic policies and regulations are making matters worse.
• Businesses are not hiring or investing because of the uncertainty that has been imposed on the country.
• Wealth, intellect, and corporations will flee this country.
• More than half of the states are likely to default on their obligations.
• Most major municipalities have pension obligations that will be unable to be met.
• Individuals are still over their heads in debt with no hope in sight.
• The housing market has farther to go on the downside. Foreclosures will accelerate.
• Commercial real estate is a disaster that has not yet hit full force.
• Joblessness is not improving and will get worse.
• Infrastructure has deteriorated. There are no funds available upgrade it to proper standards.
• Private pensions and union pensions are grossly underfunded and likely to become worse when financial markets tank.
• The welfare system is unsustainable and has to be dismantled.
• Generations have grown accustomed to entitlements and will not take kindly to the necessary reductions and eliminations.
• Education has deteriorated to levels such that many graduates are literally unemployable at a minimum wage, or at any wage.
• The banking system is insolvent, with many banks unlikely to survive.
• Social Security and Medicare are unsustainable programs that will collapse or have benefits so reduced as to make them virtually unrecognizable.
• Government guarantees of Fannie, Freddie, FHA, and a host of other programs will likely require $2 trillion-plus to honor at taxpayer expense.
• Anything the government touches, it destroys, be it social programs, the post office, Amtrak, education, or (soon to be) the entire credit system, General Motors, student loans, etc. -- and finally, the entire economy.
• The FDIC is in a deep hole from which there is no escape other than additional taxpayer bailouts.

This economic list is off the cuff and not comprehensive. Geopolitical risks, if considered, would produce another frightening list. 

The world is headed for a Depression much greater than the 1930s. That is unavoidable at this point. An Economic Dark Age is about to descend on the civilized world. Every welfare state, to avoid failure, will have to cut entitlements and benefits. These solutions will be met with resistance and probably violence. The government model known as democratic socialism is dead. It will be dismantled one way or another. The power elite will not give up their roles willingly. 

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More Than 1,300 Space Shuttle Workers Get Layoff Notices
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Censored Gulf News: US health and Refugee Humanitarian Crisis.

Dr. Riki Ott, toxicologist and humanitarian, has advised that three tough choices exist for Gulf Coast residents: 1) Leave, 2) Stay and wear a respirator, or 3) Become painfully ill. EPA whistleblower Hugh Kaufman explained this week that the "dispersant" Corexit is meant to cause internal bleeding and IntelHub reports  today, on Day 100 of the catastrophe, that evidence of acid rain and human suffering due to chemicals has become so clear it is logically impossible to discredit it, yet a media black-out continues, enforced by black ops.

Gulf chemicals killing humans

"Independent investigative journalist Dahr Jamail stated that the air was so chemically laden that you could smell and TASTE chemicals in the air! Headaches and shortness of breathyet we are still being told that the air quality is safe," reports Alex Thomas of IntelHub. have been reported by hundreds of people,

"The evidence is CLEAR CUT: Corexit kills...  People are SUFFERING. Crabs have been video-taped attempting to crawl out of the water, with some already dead, floating belly up in the water."

Thomas alerts, "Free people throughout the world NEED to be aware of this situation in order for corrective measures to even begin to be put in place."

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Doomsday Shelters Making A Comeback
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Nevada's Economic Misery May Be America's Future

So many homes in Las Vegas have been foreclosed upon that banks rarely bother to hang a "For Sale" sign on the front lawn anymore. Instead, visitors identify bank-owned properties by the brown grass and the 8.5 x 11-inch sheet of paper taped to the front door or the garage.

On a cul-de-sac in the once-pleasant neighborhood of Silverado Ranch, Larry Wood is the last remaining resident. Two of the four homes are in foreclosure and a third is a "party rental" only occupied by rowdy tourists on weekends. One of his neighbors made a few bucks before abandoning the home, he says. "They sold all the palm trees and just walked away from it," says Wood, sporting a "Freedom Isn't Free" T-shirt. "It's a great neighborhood. I guess that people weren't financially set up to get through the crash."

Wood takes little comfort in being the last resident. "Sometimes it's scary. There's a possibility someone would try to rob me and I wouldn't have any neighbors to help me," he says, recounting a previous attempted intrusion when his then-neighbor called to warn him not to answer the door because there was a group of thugs knocking. Armed and ready, he huddled near the door but the gang gave up and left.
Walking away is becoming a habit among law-abiding residents too. It's hard to find a home bought before 2009 that isn't underwater and very few landlords, when running credit checks, look for foreclosures or short-sales on a tenant's record. Otherwise, a manager couldn't fill a building.

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US Debt May Grow To $60 Trillion From $14.1 Trillion According To Economists.

America, the Odd Man Out  By: John Browne Senior Market Strategist, Euro Pacific Capital, Inc.

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At long last, a good portion of mainstream economists now concede that a ‘double dip’ recession is in the cards for the United States. To head off the pain, sixteen top economists addressed an open letter to the President urging him to “stimulate” the economy with a massive new round of government spending. We feel this is a recipe for driving a recession into a depression. However, there can be few doubts that such a move is being considered in the highest policy circles. Flush from victories in financial regulation and healthcare, the Administration may feel the conditions are ripe to push through another bold initiative.

If so, the United States may find itself in a very diminishing bloc of nations who fail to appreciate the magnitude of the global debt crisis. Its policies will become increasingly at odds with the drift of other world powers. Given American dependence on economic support from abroad, the risks of such isolation are significant.

On July 20th, UK Prime Minister David Cameron made his first official visit to the US. At a joint press conference that followed the private meeting, President Obama and Mr. Cameron papered over the fundamental economic disagreements that separate both governments.

At his core, Mr. Obama is in favor of spending his way out of the current recession. Most of the post-World War II occupants of the White House have followed the same course. Although the policy is short-sighted, it serves nevertheless to protect the competitive advantage of keeping the US dollar at the heart of the international monetary system. Spending expands global credit and creates the illusion of an invincible dollar, increasing the system’s popularity at home and abroad. In a self-perpetuating feedback mechanism, the dollar’s unique international position allows it to get away with even more spending. 

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How to Buy Your Kids a House

I don’t have a crystal ball, but I’ll bet I can tell you how much a house will cost in five years.

UBS released some interesting research last month on how much gold it takes to buy the average-priced home in the U.S. I put the data to a chart, and it’s quite revealing.

What’s interesting is that as much as house prices have fallen and as much as gold has risen, today’s ratio is still above the historical average. You can see we’re at the same number today as 1970, and yet look where it was 10 years later when gold peaked.

Here’s another interesting observation: the ratio was 100 during both high inflation (1980) and high deflation (1930). The connection between house prices and gold prices during economic extremes seems awfully compelling.

So, if gold peaks and real estate bottoms in about five years, then a house will cost you about 100 ounces of gold in 2015. Maybe it will take ten years, but the point is, I think we can count on the ratio moving lower this decade, and probably significantly so. Even for the modest budget, 100 ounces almost sounds manageable.

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The Scariest Unemployment Graph I've Seen Yet

The median duration of unemployment is higher today than any time in the last 50 years. That's an understatement. It is more than twice as high today than any time in the last 50 years.

OK, you're saying, but what does this mean? Does it mean we must increase the duration of unemployment benefits to protect this new class of unemployed, or does it mean we need to stop subsidizing joblessness? Does it mean we need to expand federal retraining programs, or does it mean federal retraining programs aren't working? Does it mean we need more stimulus, more state aid, more infrastructure projects, more public works ... or does it mean it's time to stop everything, stand back and let business be business?

You're going to find smart people make a case for all six of the above public policy directions. (I tend to side with the first of each coupling.) It's hard to know for sure how to design public policy for historically unique crises precisely because they are historical orphans, without precedent to show us the right way from the wrong.

One of my first reactions to this graph was: Surely this is why we don't have to worry about inflation for a very, very long time. However, here's evidence that despite the historically inverse relationship between inflation and joblessness, "the long-term unemployed put less downward pressure on inflation." Ultimately, this is a graph that should humble policy makers more than it should scare them into confidently arguing they know exactly how to fix it.

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The Bombshells Bernanke Did NOT Tell Congress About Last Week

In his testimony before Congress last week, Ben Bernanke lifted the Fed's skirt and gave us a glimpse of the disasters now sweeping through the U.S. economy.

But there are four bombshells he did NOT talk about:

FIRST and foremost, what's CAUSING the economy to sink? The stock market has not yet crashed. Interest rates have not yet surged. Gasoline prices have not skyrocketed. There has been no recent debt collapse, market shock, or terrorist attack.

So what is the invisible force that's suddenly gutting the housing market, driving consumer confidence into a sinkhole, and killing the recovery that Washington was so avidly touting just a few months ago?

Bernanke won't say. But the answer is clear: The recovery had very little substance to begin with. Rather, it was, in essence, a mirage — a dead cat bounce bought and paid for by Washington's massive bailouts, stimulus programs, and money printing.

Put another way, the recession never really ended. Yes, we saw some growth in GDP. And yes, thanks to that growth, some companies are still reporting better earnings — the news that spurred a rally in the stock market last week. But at the core of the economy, the fires that started the recession are still burning intensely.

SECOND, Bernanke failed to point how that ...

The U.S. Housing Market Is Now LOCKED Into a Chronic, Long-Term Depression
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How Do you Choose Between Paying your Bills and Feeding Your Kids?

Dateline NBC Video

Winning Letter Says Disaster to Begin Monday

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Crawford -- along with other astrologers, who however are merely worried about nuclear war, the end of the world etc. -- is impressed with an imminent unusual alignment that apparently involves five key planets.

He writes: "Astrologers call it the 'Cardinal Climax.' It is considered to be the most powerful and important planetary alignment of the modern era. Perhaps it heralds the beginning of the real 'Aquarian Age' or the end of the 'Mayan Calendar.' (After all, what's a few months in a 25,600-year cycle?) These energies actually maximize from July 30 through August 3. There have been 'shadows' preceding and will be echoes afterwards for quite some time."

Crawford adds: "This huge alignment will be followed by a Full Moon on the Fall Equinox and a Lunar Eclipse on the Winter Solstice. We expect the depth and scope of dislocations during this period to exceed anything we have ever witnessed, both in otherwise civilized interaction among nations, and likely our fill in natural disasters."

"We continue to recommend extreme caution and proper emergency measures such as extra food, water, medicines and cash over the next 24 months in particular. Do NOT wait any longer!!"

Let the record, show, however, that Crawford's last issue also repeatedly allowed for what it described as "some attempts to correct an oversold market sometime in July." 

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Oregon On The Brink Of Financial Disaster

Oregon government stands at the edge of a financial chasm as precarious as any in its 151-year history, hemmed in by the global recession, questionable spending decisions and a budget-draining combo of skyrocketing expenses and sluggish growth.

Consider this sobering fact: State expenses, including payroll, health and retirement benefits, and debt payments, are slated to rise by nearly $4 billion over the next two years -- a 26 percent jump. During the same period, however, revenues to pay those expenses are expected to increase by a little less than $2 billion, or about 14 percent -- and that assumes a return to a robust economy.

Oregon simply can't keep up.

Lacking a substantial tax increase, which appears unlikely, the state won't have the money to offer the same level of services, pay and benefits to the same number of people.

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5200 Resturants Closed In The US, Just This Spring

More than 5,200 restaurants closed in the U.S. this spring, dropping the total number in operation by 1 percent, according to market research by The NPD Group. The firm's census showed that independent restaurant closings contributed to most of the decline, while chain units remained relatively stable.

The number of fast food restaurants declined 1 percent, by about 2,500 units. The number of full service restaurants also fell 1 percent, by 2,683 units. That data came from a survey conducted from April 2009 to the end of March 2010.
The closings came as diners pulled back their spending and ate at home more often.

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Is Oil Spill Cover for Massive Foreclosure?

See the Gulf of Mexico oil spill not as an engineered environmental disaster but rather a savvy political move that diverts attention from foreclosure action by foreign financiers. 

The lands have been offered by successive elected governments as collateral for the enormous cumulative debt of today. The Federal Reserve has issued unlimited debt instruments as fiat and electronic currency to government only through consent of its foreign owners. Ten foreign financial institutions are the corporate owners of the world's biggest alchemy machine, the Federal Reserve system.

Government is an agent of Plutocracy to transfer wealth from serfs to aristocrats. And the military serves to protect the economic interests of Plutocracy. Until recently the US has been Plutocracy's chief global policeman to enforce foreclosure and inflict punishments. Busily policing and bullying other nations, US citizens have yet to understand the time has come to foreclose upon the lands of the New World of Amaracu (America)..
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The Elite Plan: Welcome to the Unpossible Future... The AGI Manhattan Project

The world keeps getting crazier and crazier, at an accelerating rate, and we haven't seen anything yet. At a glance it all appears to be impossible. Impossible to happen, yet even more impossible to stop. Unpossible because it promises to undo every notion that we know about this world and the future of the human species. Here you will find answers and truths that explain it, and cannot be found anywhere else. Here you will find the why of it all, and even the solutions to undo this dystopian technological agenda.

The push for near-trillion dollar military budgets to fight "terrorists", as if they're beyond the scope of the Soviet Union, doesn't make much sense. Neither does the extreme global warming related proposals, such as a global government and a global carbon tax which would cost trillions and therefore promises to bankrupt what's left of the worlds economy, while doing little to actually solve the perceived problem. All this push, while the premises of each issue is highly debatable. That's the truth that the advocates pushing for either issue doesn't want to admit.
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Google was the primary institution behind the Singularity University, which is no surprise considering Google's co-founders have repeatedly stated on the record that they intend to develop AI that in their words "would be like the mind of God", which by default would be AGI. AGI is in effect the first sentence on their corporate philosophy page.
Their mission statement is to gather and organize all of the worlds information (literally all of it), and their statements are for their machine to understand all it it better than you or I ever could. This includes every book, scientific paper, web page, email, instant message, news & magazine article,      ever written by humans that they can manage to get their hands on. It also includes images, user made videos (not even only those posted on YouTube), every movie and TV show ever recorded. 

Most Fascinating Article (LONG) You Will Ever Read.. HERE