Jim Rogers: The Next Recession Is Coming… “Be Very Worried” [Video]
Jim Rogers: The Next Recession Is Coming… “Be Very Worried”
September 7th, 2012
“Dr. Doom” Marc Faber: The most dangerous trend right now
On the heels of news out of Europe that the ECB will do unlimited bond buying, Marc Faber told King World News today, “It was expected that they would start with further monetary easing at some point.” Faber warned, “I believe central bankers are in this world to print money. They are, intellectually, completely dishonest or incompetent, and that’s all they know.”
Faber, who is author of the Gloom Boom & Doom Report, also stated, “This is a very dangerous trend, and I will always, always fight governments on every level I can because the larger the government is, the larger the abuse is in a system.” He also added: “I have roughly 25% of my…
Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012
The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.
Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week.
Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.
“We’re going to see the end of the retail Christmas….we’re going to see a fundamental shift take place….putting food on the table is going to be more important that putting gifts under the Christmas tree,” said Celente, adding that the situation would be “worse than the great depression”.
“America’s going to go through a transition the likes of which no one is prepared for,” said Celente, noting that people’s refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.
More than 50 Million Americans Can’t Buy Food
More than 50 million Americans couldn’t afford to buy food at some point in 2011, according to federal data.
Children in some 3.9 million households suffered from food insecurity last year, with their families unable to provide them with adequate, nutritious food at times.
Nearly 17 million Americans suffered from “very low food security,” meaning they had to reduce the amount they ate, saying the food they bought did not last and they didn’t have the funds to buy more. They typically found themselves in this situation a few days a month for seven months of the year.
Are you better off? The following are 40 statistics that will absolutely shock you….
#1 During the time Barack Obama has been in the White House, median household income has fallen by 7.3 percent.
#2 Back in 2007, 19.2 percent of all American families had a net worth of zero or less than zero. By 2010, that figure had soared to 32.5 percent.
#3 According to the Federal Reserve, the median net worth of American families dropped “from $126,400 in 2007 to $77,300 in 2010“.
#4 According to the Pew Research Center, 61 percent of all Americans were “middle income” back in 1971. Today, only 51 percent of all Americans are “middle income”.
#5 Back in 1970, middle income Americans brought home 62 percent of all income in the United States. In 2010, middle income Americans only brought home 45 percent of all income.
#6 The unemployment rate in the United States has been above 8 percent for 42 straight months.
#7 The percentage of working age Americans with a job has been below 59 percent for 35 months in a row.
#8 In June, the number of Americans added to the food stamp rolls was nearly three times larger than the number of jobs added to the U.S. economy.
#9 Approximately 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed last year.
#10 Since Barack Obama entered the White House, the number of long-term unemployed Americans has risen from 2.7 million to 5.2 million.
#11 Today, the average duration of unemployment in the United States is about three times as long as it was back in the year 2000.
#12 According to a report that has just been released by the National Employment Law Project, 58 percent of the jobs that have been created since the end of the recession have been low paying jobs.
#13 According to the Center for Economic and Policy Research, only 24.6 percent of all of the jobs in the United States are “good jobs”.
#14 In 2010, the number of jobs created at new businesses in the United States was less than half of what it was back in the year 2000.
#15 The average pay for self-employed Americans fell by $3,721 between 2006 and 2010.
#16 According to U.S. Representative Betty Sutton, America has lost an average of 15 manufacturing facilities a day over the last 10 years. During 2010 it got even worse. That year, an average of 23 manufacturing facilities a day shut down in the United States.
#17 At this point, one out of every four American workers has a job that pays $10 an hour or less.
#18 While Barack Obama has been president the velocity of money has plunged to a post-World War II low.
#19 According to one recent survey, 85 percent of middle class Americans say that it is harder to maintain a middle class standard of living today compared with 10 years ago.
#20 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.
#21 There are now 20.2 million Americans that spend more than half of their incomes on housing. That represents a 46 percent increase from 2001.
#22 Over the past decade, health insurance premiums have risen three times faster than wages have in the United States.
#23 Health insurance costs have risen by 23 percent since Barack Obama became president.
#24 As I wrote about yesterday, back in 1980 less than 10 percent of U.S. GDP was spent on health care but now about 18 percent of U.S. GDP goes toward health care.
#25 In a previous article, I noted that 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.
#26 Family budgets in America are being stretched to the breaking point. Today, 77 percent of all Americans live paycheck to paycheck at least part of the time.
#27 While Barack Obama has been president, U.S. home values have fallen by another 11 percent.
#28 More than three times as many new homes were sold in the United States in 2005 as will be sold in 2012.
#29 The United States was once ranked #1 in the world in GDP per capita. Today we have slipped to #11.
#30 Since Barack Obama became president, the number of Americans living in poverty has risen by 6.4 million.
#31 The number of Americans on food stamps has grown from about 17 million in the year 2000 to 31.9 millionwhen Barack Obama entered the White House to 46.7 million today.
#32 Approximately one-fourth of all U.S. children are enrolled in the food stamp program at this point.
#33 It is being projected that half of all American children will be on food stamps at least once before they turn 18 years of age.
#34 It is estimated that child homelessness in the United States has risen by 33 percent since 2007.
#35 Back in 1965, only one out of every 50 Americans was on Medicaid. Today, approximately one out of every 6 Americans is on Medicaid.
#36 As I wrote about the other day, it is being projected that Obamacare will add 16 million more Americans to the Medicaid rolls.
#37 It is being projected that the number of Americans on Medicare will grow from 50.7 million in 2012 to 73.2 million in 2025.
#38 The number of Americans receiving federal housing assistance increased by a whopping 42 percent between 2006 and 2010.
#39 At this point, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.
#40 Amazingly, more than half of all Americans are now at least partially financially dependent on the government.
So are you better off than you used to be or worse off?
Food Inflation, Food Shortages And Food Riots Are Coming: 2013 Will Be A year Of Serious Global Crisis
A devastating global food crisis unlike anything we have ever seen in modern times is coming. Crippling drought and bizarre weather patterns have damaged food production all over the world this summer, and the UN and the World Bank have both issued ominous warnings about the food inflation that is coming. To those of us in the western world, a rise in the price of food can be a major inconvenience, but in the developing world it can mean the difference between life and death. Just remember what happened back in 2008. When food prices hit record highs it led to food riots in 28 different countries. Today, there are approximately 2 billion people that are malnourished around the globe. Even rumors of food shortages are enough to spark mass chaos in many areas of the planet. When people fear that they are not going to be able to feed their families they tend to get very desperate….
JUST IN: US Unemployment Rate Slides To 8.1%, Added ONLY 96,000 Jobs In August, Far Less Than Expected, 368,000 DROPPED OUT OF WORKFORCE – Workforce participation rate for men 69.9% — lowest since 1948!! FED SET TO PUMP!