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recession
revolution, food shortages, higher education myth, and what to do?
The following few videos I recently came across are extremely disturbing. Gerald Celente, a legendary trend forecaster who has accurately predicted every major world event since the 1987 stock market crash and the fall of the Soviet Union and CEO of Trends Research Institute, is now warning Americans (and the world) to prepare for a broad economic collapse, potential bank holidays, ghost malls, civil unrest, food riots, and possible revolution by 2012. The only possible salvation is a new technological innovation as revolutionary as fire or the wheel. Read more
we're on the brink of a depression (and much more)
While America's at record debt, Obama sanctions the Federal Reserve to print yet another $1 trillion of new money, sealing the fate for us and our posterity to endure higher taxes and hyperinflation in the near future. California is over $20 billion in debt and is on the brink of fiscal and infrastructural collapse. God forbidding -- threats of rioting and breakdown in social order are prompting FEMA & DHS to work with the UN to prepare for martial law are becoming self-fulfilling prophecies. Read more
Obama's stimulus plan and state of the economy
In a previous article "Why Our Economy is Heading Into A Depression" I wrote at the beginning of February, I made the case for why I think the economy will worsen and enter into a depression based on numerous market indicators and opinions by economic experts. Almost three weeks later and after the recent passage of the heralded Obama $787 Billion Stimulus Plan, market news and experts continue to suggest the forthcoming of a depression. Here's an updated snapshot of the progress of our economy...
why our economy is heading into a depression
"If it looks like a duck, swims like a duck and quacks like a duck, then it probably is a duck." Such can also be said of our current economy, where many indicators suggest that the current recession is unprecedented and is no where near an end. In fact, it looks more like a depression is around the corner. We are just on the tip of an iceberg...
recession, depression, and murder
I just learned yesterday of a tragic story about a family murder-suicide in Southern California by a Kaiser hospital lab technician. The man was having economic problems, owes the IRS $15,000, and behind in mortgage and credit card payments, and all of that just caved in on him when he got fired from his job for fraud (he lied about his income so he can get cheaper child care). He went on to kill his 5 children, his wife, and then turns the gun on himself. Read more
1 in 7 homes in Santa Clara County is "underwater"
This is pretty shocking... A recent news report shows that 1 in 7 homes in my hometown (San Jose, which is part of Santa Clara County) have property values "underwater" as a result of the current housing recession. In other words, 1 in 7 homeowners' home values are below what they owed on their mortgages.
Here's a map showing areas of Santa Clara County most affected by homes going "underwater" (click image to enlarge). I am from 95120, which has been minimally affected. Not sure why but most of the hardest hit areas happen to be on the east side. Go figure.
