|
Post by avordvet on Nov 1, 2014 5:51:01 GMT -5
A Reality CheckPosted on October 31, 2014 by David For those who are gloating on the new records set on Wall Street and the collapse of gold: JP Morgan: $78 TRILLION in derivatives / $1.8 Trillion in assets Citibank: $56 TRILLION in derivatives / $1.2 Trillion in assets Bank of America: $53 TRILLION in derivatives / $1.5 Trillion in assets Goldman Sachs (aka US Government): $48 TRILLION in derivatives / $89 BILLION in assets More: ncrenegade.com/editorial/a-reality-check/
|
|
|
Post by avordvet on Nov 3, 2014 5:22:26 GMT -5
Most People Cannot Even Imagine That An Economic Collapse Is ComingBy Michael Snyder, on November 2nd, 2014 The idea that the United States is on the brink of a horrifying economic crash is absolutely inconceivable to most Americans. After all, the economy has been relatively stable for quite a few years and the stock market continues to surge to new heights. On Friday, the Dow and the S&P 500 both closed at brand new all-time record highs. For the year, the S&P 500 is now up 9 percent and the Nasdaq is now up close to 11 percent. And American consumers are getting ready to spend more than 600 billion dollars this Christmas season. That is an amount of money that is larger than the entire economy of Sweden. So how in the world can anyone be talking about economic collapse? Yes, many will concede, we had a few bumps in the road back in 2008 but things have pretty much gotten back to normal since then. Why be concerned about economic collapse when there is so much stability all around us? Unfortunately, this brief period of stability that we have been enjoying is just an illusion. theeconomiccollapseblog.com/archives/most-people-cannot-even-imagine-that-an-economic-collapse-is-coming
|
|