Firearms manufacturer Sturm, Ruger & Company, Inc. has just announced that, due to such great success in the first quarter of 2012, the company is halting all new orders until May of 2012 at the earliest. The company cites a backlog of…
By Polya Lesova | From MarketWatch.com | On March 19th, 2012 “What I am worried about is the following: gas prices have been high and the effect on the consumer has been hidden,” due to the mild winter, Ross told MarketWatch in…
By Mac Slavo | From SHTFplan.com | On March 16th, 2012 One argument you’ll hear from the majority of Americans who refuse to wake up to the madness around them is that if there truly was an economic and financial cabal in…
From ChrisMartenson.com | Daily Digest 3/14 L.A. school board to consider millions of dollars in budget cuts The Los Angeles Board of Education is expected to vote Tuesday on a worst-case $6-billion budget that would eliminate thousands of jobs, close all of…
From Yahoo! News Canada via AFP Moody’s declared Greece in default on its debt Friday after Athens carved out a deal with private creditors for a bond exchange that will write off 107 billion euros ($140 billion) of its debt. Moody’s pointed…
By Gregory Bresiger | On February 26, 2012 | From http://www.nypost.com More American households are falling back into the debt hole — this time without the safety net of home values to help bail them out. Last year, total US consumer debt…
By Forrest Jones | From http://www.moneynews.com | On February 29th, 2012 Despite improving economic indicators, the U.S. economy remains at risk for a double-dip recession, which would indicate the country is likely mired in depression, says James Rickards, a hedge fund manager…
By Rowena Mason | From http://www.telegraph.co.uk | Tuesday 28 February 2012 The Government ‘has run out of money’ and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted. In a stark warning ahead of next month’s Budget, the Chancellor…
From BBC News Business | February 28, 2012 Rating agency Standard & Poor’s has classified Greek debt as in “selective default” following the deal it made with creditors to reduce its debts. S&P says the terms of that deal triggered the latest…
Marc Faber, investment analyst and entrepreneur, discusses the current state of the global economy and his prediction that there will be a global financial collapse. From his blog MarcFaberBlog.blogspot.com: Faber has a reputation for being a “Contrarian” investor and has been called…
