Say Goodbye to the Purchasing Power of the Dollar — Mr. Bernanke goes to Crazytown
Reader L.C.A. sent a link to some alarming charts on food an oil prices. Following the global credit collapse of 2008, inflation has returned with a vengeance.
Peter Schiff explains how a US depression can cause a global ‘death spiral’
Too big to fail or ignore: How the US went from over 13,000 banks in 1987 to 6,000 today. $7.4 trillion in deposits backed by $32 billion dollars. (It is high time that we pull our money out of this high stakes casino. Build up a month to two month supply of cash at home. Get out of US Dollar-denominated investments and diversify into barterable tangibles. For example buy guns, ammunition, and full capacity magazines if you can find them at pre-panic prices. (Don’t buy during the current market peak for those items. Wait until prices moderate.)
Items from The Economatrix:
Steve Forbes: Cyprus Isn’t Over, It’s Still A “Disaster For Us All”