Cash and Bonds Will Be Very Dangerous

Debt Liquidation and Economic Recovery


Soros: Collapse of Financial System "Real" and "Far From Over"

By Rocky Vega

Billionaire investor George Soros, who earned his fame in the '90s when he made $1 billion betting against the pound, has just leveled criticism against the entire financial system. Today, at a conference in Vienna, he vividly described the global economy going down, driven by vast government deficits.


There’s no recovery, just more hard times ahead

Nolan Chart
by Kenn Jacobine


Yes, there have been times when the economic data looked promising. During some weeks first time unemployment claims have been down. The economy has grown between two and three percent some months. And there have even been some months when new home sales have swelled and the prices of houses in general have increased. But the fact of the matter is that the worst of the crisis is yet to come and of course like the initial crisis which has lasted for close to three years already it will be Washington’s fault...

Informant: Thomas L. Knapp

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