– Worst job losses in almost three decades expected (from marketwatch.com)
– Marc Faber: I advise every American to hold his gold outside of the United States
Executive Order 6102 signed on 5 April 1933 right after Franklin Roosevelt came to office and it forbade all Americans from owning physical gold assets. Quoting Wikipedia: It required all persons to deliver on or before May 1, 1933 all gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve. Under the Trading With the Enemy Act of October 6, 1917, as amended on March 9, 1933, violation of Executive Order 6102 was punishable by fine up to $10,000 ($166,640 if adjusted for inflation as of 2008) or up to ten years in prison, or both. (from creditwritedowns.com)
– Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo. “The world is not going back to normal after the magnitude of what they have done. When the dust settles this will either work, and the money they have pushed into the system will feed through into an inflation shock,” wrote Tom Fitzpatrick, Citibank’s chief technical strategist. He goes on to explain that the massive money creation efforts by the Federal Reserve and other central banks will end with one of two things: A resurgence of inflation, or a fall into “depression, civil disorder and possibly wars.” (from prisonplanet.com)
– Leading Economist Warns of Food Riots. When top trend forecaster Gerald Calente predicted riots and revolution, many people shrugged and thought, “he’s gone off the deep end”. But leading economist Nouriel Roubini is also now warning of food riots, and blaming it on the Fed and Treasury’s policies and bank priorities. (from George Washington’s Blog)
– Russian Analyst Says U.S. Will Decline, Dissolve (from NewsRoomAmerica.com)
– Health Ranger Offers Thirty-One Predictions for 2009
1. Big Pharma will begin to implode
3. Brankruptcies will bring down retailers, malls
4. 20-40% inflation on food before 2010
6. Three US cities and states will announce bankruptcy
7. More taxes
(from naturalnews.com)