Everything you ever wanted to know about 911 in under 5 minutes.
Saturday, January 7, 2012
Stephen Leeb on 3 digit Silver and 5 digit Gold
2012 could be the year Germany lets the euro die
By Ambrose Evans-Pritchard, International Business Editor
5:30PM GMT 02 Jan 2012
There will be no Chinese credit explosion this time, no real help from post-bubble India or over-stretched Brazil.
It will be a global downturn on all fronts, aborting what remains of recovery even before industrial output in the OECD bloc has regained its pre-Lehman peak.
The second wave will hit with youth unemployment already at 45pc in Greece and 49pc in Spain; and with the US labour participation rate already at depression levels of 64pc.
We will hear more about Italy's Red Brigades, Greece's Sect of Revolutionaries, and America's militia groups, and how democracies respond. Proto-fascism in Hungary is our warning.
China's surgical soft-landing will slip control, like Fed tightening in 1929 and 2007, or Japan's squeeze in 1990. Once construction has run amok, bears will have their way........read more
Martin Armstrong interviewed
Martin Armstrong of Armstrong Economics joins the FSN for a wide-ranging interview covering the possibility of capital controls in the US, stagflation in the near-term, and why gold is likely to head lower before heading much higher. Listen to the interview here
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