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POPSCelente – People Should Brace For ‘Greatest Depression’ 2012 Forecast – Food Riots, Ghost Malls, Mob
“Here we are in 2012. Food riots, tax protests, farmer rebellions, student revolts, squatter diggins, homeless uprisings, tent cities, ghost malls, general strikes, bossnappings, kidnappings, industrial saboteurs, gang warfare, mob rule, terror,” he writes for a quarterly publication that is available through subscription on his website. He also talked about his forecasts with Greg Corombos of Radio America/WND in an interview that has been posted online. The recent surge in Wall Street indexes back to near the 10,000 level, still far below the 14,000 prior to the crash, should be no reassurance for anyone, he said. “There’s no recovery. This is merely a cover-up,” he said. “The market crashed in March of 2009 and around the world they papered over the damage from the collapse with phantom money printed out of thin air backed by nothing,” he said. This is “much bigger” than an economic collapse, he said. “This is the decline of empire America.”
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POPSThe Bernanke Bailout Boondoggle Announced this week is the number of re-financing on sub-prime loans and foreclosure should have been on everyone's mind. However, no one cares, as long as the stock market continues to climb higher. Giving those who have lost 50% of their 401k money, hoping for a rebound. Riddle me this? What has lost 55% and gained 45%, and still down 45% from the high? If you know the answer, you are well on your way to understanding the truth! The stock market is a game, if you don't know how to play by their rules, you will lose!
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POPSFresh gains add to markets rally Here comes the long awaited bounce, but it is pent up hope, not pent up demand. Still money can be made on the way up. So that is what the banks will do. Governments have made them into a can't lose business. No wonder everyone is investing in banks. Of course, the ultimately the price will be the destruction of national currencies. Some people think that this is the goal of policy, so that a Euro-like global currency will be deployed to save the day. They are, of course, labeled as conspiracy theorists.
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POPSMarket Rebound: Bank Stocks Soar, Gold Down, Dollar Down, Oil Up Based on housing increase and Toxic Asset Liquidation plan, yet links from Bloomberg show hot debate on whether that is good or not. The free market would have thrown up on its own, purging the toxic assets by the failure of the banks holding them, instead of the expensive financial "surgery" from Geithner (which bails out his bank friends) to remove them with this plan. This plan is enormously expensive to achieve the same results. Look at the huge stock rise on the banks. Bloomberg also says the dollar weakened on this, as well as oil increasing and gold declining.
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POPSHarry Reid Predicts the Future with Uncanny Accuracy 
I hate to admit it, but Democrats really are better for the economy! Just ask them. Twenty-seven of the Dow's 30 stocks ended in the red. The exceptions were Citi, which rose 9.7% to $2.14 a share, and Bank of America, another target of frequent nationalization speculation that managed a 3.2% gain to end at $3.91. General Motors shares ended flat. ...The S&P 500 dropped 26.72 points, or 3.5%, to 743.33, its lowest close since April 11, 1997. All of its sectors swooned, paced by a 6.1% decline in its basic-materials sector. The energy sector fell 4.7% and the technology sector dropped 4.6%. The financials, which were the best-performing market through much of the session, ended trading down 3.5%. They'll be happy to explain it to you. New Crisis Lows for Dow, S&P 500 http://online.wsj.com/article/SB123538987022847373.html Reid: "The Iraq War is lost." YouTube video (1:10) http://www.youtube.com/watch?v=sYZEGot-xU4 Good, lets cancel the porka-palooza Har
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POPSU.S. stock futures bounce after Monday's plunge Things will correct themselves. Sure there will be some big companies that cease to exist, but they deserve that. New companies will begin and growth will occur again. All the bailout is doing is protecting those that screwed things up, protecting the income of those in high places with friends in high places.
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POPSI Had No Idea I was unaware that we had so many Jewish lawmakers on Capitol Hill. Now I understand why this crisis will continue. And Happy New Year to you too.
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POPSThe 65 mpg Ford the U.S. Can't Have People will just go to the car makers that can bring them what they want - better cars for the environment and more mpg. Ford will just continue to head toward bankruptcy. If they would cut there synergy with big oil and just put out something that would save fuel or use alternatives then they could rebound.
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POPSUS Economy Rebounds According to Democrats - we have a terrible economy. So this surge must be due to... let's see what would work here well... Obama's acceptance speech tonight... and in the immortal words/voice of Jon Lovitz, "yeah, yeah, that's it!"
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POPSUS Best Place to Put Your Money Seems our economy is better than the Euros or the Japanese... Don't look for the MSM to report that, though, it interferes with their narrative that only the O-mentum can cure our ills... maybe the world isn't so infatuated with Obama after all...
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POPS Citigroup's $7.5 billion cash infusion from Abu Dhabi Citigroup's statement late on Monday, said the "long-term" investor will receive no more than 4.9% of its capital and won't get a seat on the board. Abu Dhabi is getting bonds that must be converted and will yield 11% annually. They'll convert into stock priced at $31.83 to $37.24 a share. The conversion will occur between March 2010 and September 2011. U.S. stock-index futures climbed, pointing to a rebound from the market's first 10 percent drop in four years, after Citigroup Inc. said it will receive a $7.5 billion cash infusion from Abu Dhabi's government. Citigroup, which has slumped 45 percent this year, advanced in Germany after the largest U.S. bank said it will sell a stake of as much as 4.9 percent to the Abu Dhabi Investment Authority. The New York-based firm has estimated losses from subprime mortgages and related securities may reduce fourth-quarter net income by $5 billion to $7 billion. http://www.bloomberg.com/apps/news?pid=20601087&sid=aAhDyD10twGA&refer=h
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POPSShould the U.S. favor a strong dollar? What's better, a strong or weak dollar? Despite Paulson's rhetoric, Lazear makes a compelling point--a weaker dollar narrows the trade deficit. And the size of the trade deficit is what shakes people's confidence in the economy in the first place. The USD is the whipping boy of international currencies right now, but don't count on other countries to dump their greenbacks. That would mean they're selling low. -- Brian Wingfield
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