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Archive for the ‘Revelation 6:6’ Category

from The Daily Telegraph: Governments in Tunisia, Egypt, Algeria, Morocco and Yemen have faced protests in recent weeks, part fuelled by rising food costs. Unfortunately, this is a trend that looks set to continue and probably escalate over the next two decades. The rise of the middle classes in emerging markets, coupled with a soaring [...]

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from Business Insider: Selling government debt is a gigantic confidence game.  For decades, investors all over the globe have gobbled up massive amounts of U.S. debt at low interest rates because they believed that it was a certainty that they would be paid back and make a little bit of profit on top of it. [...]

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from AFP: Economists peddling dire warnings that the world’s number one economy is on the brink of collapse, amid high rates of unemployment and a spiraling public deficit, are flourishing here. The guru of this doomsday line of thinking may be economist Nouriel Roubini, thrust into the forefront after predicting the chaos wrought by the [...]

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from Bloomberg: Wheat rose in Chicago after Russia, the world’s third-largest grower, extended a ban on grain exports into next year, raising the prospect of higher food prices that already have sparked riots in Mozambique. Wheat for December delivery rose as much as 1.5 percent to $7.2475 a bushel, advancing for a third day and [...]

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from Der Spiegel: As speculators attack the euro, Europe is facing a growing threat of national bankruptcies. The consequences would be dramatic for the whole of the continent, especially German banks, which are highly exposed to risky debt. EU politicians are willing to pay almost any price to help the beleaguered countries. By SPIEGEL staff. [...]

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from Kitco: Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the [...]

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from Forbes: Not too long ago, a billion dollars in a governmental budget was a lot of money. Then we got into hundreds of billions. People understood that this was a lot, just because of all the zeros. Now, unfortunately, the number has become small: the world “trillion,” as in $1.2 trillion for health care [...]

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from The Daily Telegraph: Britain and other countries with fast-rising government debts must steel themselves for a year in which “social and political cohesiveness” is tested, Moody’s warned. In a sombre report on the outlook for next year, the credit rating agency raised the prospect that future tax rises and spending cuts could trigger social [...]

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from Layoff List: The media and government officials often tout the unemployment rate using the official, or U3 rate, which stands at 10.2% for October. While 10.2% unemployment is certainly bad enough – it’s the highest rate nationally excluding 1983s 10.8% – it pales when compared to the U6 unemployment rate. First let’s discuss the [...]

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from the Daily Telegraph: Britain risks becoming the first country in the G10 bloc of major economies to risk capital flight and a full-blown debt crisis over coming months, according to a client note by Morgan Stanley. The US investment bank said there is a danger Britain’s toxic mix of problems will come to a [...]

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