First...
At Least One Eurozone Country Will Default
If Brent Crude rises above $150, at least one euro zone country will default and the entire region will fall into recession. The result of this rise would be particularly bad for Ireland, where the economy would shrink by 3% in 2011 as a result. Spain, Greece, and Portugal would face a double whammy since they have no room to offset the oil shock by slowing the pace of fiscal consolidation. Unfortunately, the way things are going, crude could easily surpass $150.
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Why the Dollar's Reign Is Near an End
The dollar, at the moment, is the most convenient currency in which to do business. It is also the world's safe haven during a crisis and there is no single alternative to do international transactions. Because of the dollar's volatility ,and the rising yuan, it is loosing most-favored currency status; and thus, we be witnessing a dead currency walking.
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22 Ways To Fight Rising Food Prices
Here are a few...
- Eat at home.
- Shop with a plan.
- Avoid prepared foods.
- Skip bottled water.
- Buy in bulk.
- Use coupons and store reward cards
- Compare prices and shop for sales.
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As Silver Touches $34.90, US Mint Runs Out Of Bullion Blanks
The scramble for non-dilutable currencies hits a frenzy as silver just touches on a fresh 31 year high of $35.02. In addition, the US Mint has seized, until sufficient inventories of silver bullion blanks can be acquired, production of American Eagles. Simple case of supply and demand. Unfortunately, price is not reflecting the true demand; thus, there will be continued backwardation of silver.
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Federal Reserve Chief Warns GOP: Don't Hold Debt-Ceiling Vote Hostage
Benji Bernanke said he is "worried" about Republican efforts to link a decision on the nation's debt ceiling to passage of reforms to curb federal spending. He is worried about people, at least remotely appearing, to be fiscally responsible? What an idiot.
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TSA Hit by New Scandal as Passenger Boards Plane with THREE Boxcutters
Who wants to look through somebody’s luggage when airporn Body scans are so much more entertaining. Perhaps this what TSA agents said when confronted with the fact that they let a passenger board an international flight with three boxcutters in his hand luggage. There appears to be no purpose for an government paid organization that violates the fourth amendment of the constitution and cannot perform a basic requirement of keeping weapons off planes.
Next...
Earthquakes in Arkansas May Be Man-Made, Experts Warn
The sudden swarm of earthquakes in Arkansas -- including the largest quake to hit the state in 35 years -- is very possibly an after effect of natural-gas drilling, or fracking, experts warn. Of course, more study is needed; however, it is not out of the realm to believe that all of these seismic activities may be causing undue stress on the New Madrid Fault; therefore, one should prepare accordingly.
Finally,
Please prepare now for the beginning of the economic and social unrest. Good Day
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