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Old 11-28-2009, 01:55 AM   #1
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Default Video: Struggling economy creates ripple effect

MSNBC - Found 6 hours ago
Nov. 27: Dubai, a country that has come to symbolize conspicuous spending and over-the-top growth, is now facing financial troubles. NBC’s Brian Williams reports.(Nightly News) Brian Williams - NBC - NBC Nightly News - Dubai - Middle East
Company behind Dubai's financial woe - CNN
Is the sun setting on Dubai's dreams? - CNN
Asian stocks tumble amid Dubai fears - MSNBC
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Video: Struggling economy creates ripple effect
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Old 02-03-2011, 07:42 PM   #2
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The Donald warnin' of economic collapse...

Even Donald Trump Is Warning That An Economic Collapse Is Coming
February 3, 2011 - In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America.
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Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed. Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business. As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation. In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012. But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.

Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed. Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention. The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening.

#1 “If oil prices are allowed to inflate and keep inflating, if the dollar keeps going down in value, I think there’s a very distinct possibility that things could get worse.”

Donald Trump is exactly right – we are headed for big trouble if we continue to allow the Federal Reserve to pump hundreds of billions of new dollars into the system. As I have written about previously, all of this new money will give us the illusion of short-term economic growth and it will pump up the stock market, but in the end all of the inflation the new money is gong to cause is going to be very painful. Just look at how rapidly M1 has been skyrocketing over the last couple of years. Is there any way that we are going to be able to avoid paying a very serious price for all of this reckless money printing?

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