Archive for August 23rd, 2012

From GoldCore ZeroHedge.com 08/23/2012 Gold rose by over 1% to over $1,665/oz late Wednesday hitting prices not seen since early May as minutes from the US Federal Reserve meeting convinced market participants that QE3 is imminent. “Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to... »

The eurozone looks destined for its second recession in three years, as business surveys showed the economic rot is even spreading to Germany, the region’s largest and strongest economy. TelegraphUK 23 Aug 2012 A debt crisis which began in the euro zone’s smaller economies is now hammering business and consumer confidence across the bloc,... »

EconomicCollapseBlog.com In the crazy times in which we live, it helps to expect the unexpected. Sometimes you can think that you have it all figured out and then this world can throw a real curveball at you. Very few people anticipated that we would see a massive outbreak of the West Nile Virus in... »

EndOfTheAmericanDream.com Under Barack Obama, the U.S. economy has performed worse than it did under any other president since the end of the Great Depression. After every other recession since World War II, the U.S. economy always regained what was lost and got even stronger before the next recession began. During this “economic recovery”, we... »