Gold Standard now supported by Alan Greenspan the person who help destroy the US Dollar

Former Federal Reserve chairman Alan Greenspan discusses his distaste for the very central bank he reigned for 2 decades.

Coming Out the Other Side

“The above chart shows the current unemployment rates for 36 countries.  You might think that most countries around the world have unemployment rates as high as ours here in the US at 9.4%.  But the reality is that the US ranks pretty poorly compared to the rest of the world.  The Eurozone is at similar levels to the US, but when most of the countries that have a higher unemployment rate than the US are collectively referred to as PIGS, it's not very encouraging.”

Source: http://www.bespokeinvest.com/thinkbig/2011/1/14/global-unemployment-rates.html

Jim Rogers: Easy to blame the Chinese for America's problems

As Washington prepares to roll out the red carpet for Chinese President Hu Jintao's state visit, the stakes could not be higher but what will come out of these discussions? Investor and Author Jim rogers, says very little will come from the meetings, maybe China opens its currency a bit more and the US will get rid of some debt but not much else.

GOLD VS US DOLLAR

This video was first published in April 2008: facts do not change..

Europe’s financial contagion

Greece sneezed, and now most of Europe has a cold. The European debt crisis has already spread like a virus from Greece to Ireland, and other countries are now at risk: Portugal, Spain, and Italy are probable candidates for financial problems. Economists call this the “contagion effect.” How does this spread? Some of it has to do with confidence. When investors see one country encounter financial problems, they may doubt the health of other countries that seem to share economic or even political characteristics.

Contagion also has much to do with actual economic links among countries. Researchers have identified financial ties in particular as responsible for the “fast and furious” spread of crisis from one country to another. Trading activity between countries, however, can propagate economic sickness more slowly.

http://www.washingtonpost.com/wp-srv/special/business/financial-crisis-in-europe/

Food Riots 2011

The stunningly violent food riots in Tunisia and Algeria show just how quickly things can change.  Just a few months ago, these two northern Africa nations were considered to be very stable, very peaceful and without any major problems.  But now protesters are openly squaring off with police in the streets.  Many of the protesters are throwing "fire bombs" or are shooting fireworks at the authorities, and the police are responding with a tremendous amount of violence themselves.  In Algeria, several protesters have been killed by police and several others have actually set themselves on fire to protest the economic conditions.  In Tunisia, more than 100 people have been killed and the president of that country actually had to flee for his life.  But on a global scale, food shortages have not even gotten that bad yet.  Yes, food prices are starting to go up and food supplies are a little bit tighter right now, but much worse times than these are coming.  So what in the world are the cities of the world going to look like when we have a very serious food shortage?

Source: http://theeconomiccollapseblog.com/archives/food-riots-2011