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Scenes Of Despair

Sometimes it can be easy to forget that behind all of the horrible economic numbers that we hear about are millions of real people that have had their lives absolutely devastated by this economy. Elderly couples are being brutally evicted from their homes after receiving a 30 Day Eviction Notice from their landlords, young families are living in their cars, terminally ill people are dying because they cannot afford medication that they need and millions of parents can’t sleep at night as they wrestle with anxiety over not being able to provide...

17 Reasons To Be EXTREMELY Concerned About The Second Half Of 2012

What is the second half of 2012 going to bring? Are things going to get even worse than they are right now? Unfortunately, that appears more likely with each passing day. I will admit that I am extremely concerned about the second half of 2012. Historically, a financial crisis is much more likely to begin in the fall than during any other season of the year. Just think about it. The stock market crash of 1929 happened in the fall. “Black Monday” happened on October 19th, 1987.

Disintegration: What It Looks Like When a Nation Collapses

Whether the system is going to collapse is not the question. Most informed individuals understand that out of control spending fueled by trillions of dollars in debt, unprecedented monetary expansion and ever increasing dependence on a government social safety net overburdened by millions of people in need of essential services can not be sustained forever.

Last Chance To Prepare For What Could Be The Most Dangerous Year in Human History

That most dangerous year begins as soon as Spain and Greece default on their bonds if there is no systematic worldwide program of scientific and rational debt cancellation. In France bank runs take the form of computers going down when too may customers demand their money. In Italy BNI shut down leaving customers with as little as ten or twenty euros to feed their families for a month. People with automatic paycheck deposit saw their wages deposited into a bank that legally did not have to give them any money to buy food and pay their bills.

Euro crisis far from over, stock analysts warn

A slim victory for the main conservative party in an election in Greece should relax fears that a country will stop using the euro for the first time and possibly unleash global financial turmoil. But when it comes to Greek politics – and European economic policy – it’s never that easy. So the bumpy ride for financial markets isn’t over yet.

Pre-Collapse Ramp Up: Retailers Stock Up On Shutters, Organize Security Details Ahead of Financial Meltdown and Social Unrest

With hundreds of billions spent to save the ailing economy of Greece (and the rest of the continent), unemployment rates in excess of 50% among those in their twenties and a solution nowhere to be found, many in Europe and around the world are realizing that this entire system is about to come unhinged.

Bank Run…Money Flies Out of Spain

Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut.