World Economic Update - It's All Bad - Nothing is Improving

An overview of just the major macro economic news shows nothing is getting better anywhere. I even went into the bulls-o-sphere (CNBC) and couldn't find anyone with a realistic argument for anything getting better.

In Europe, the banks are continuing to be very tight with liquidity as they ponder Greece and its future. Greece will default. It appears the current can kicking is deliberately being put for 3-5 months down the road. Greece is up to something though as they are trying to dictate their own future more than the ECU and IMF want them to.

Meanwhile as Europe contracts, everything out of the UK is dismal. The UK, along with the USA, is right in line for "double dip" recession even though we all know it is really the second leg down into the greatest depression ever. All of the major UK indicators are rotten.

Riots continue in the Middle East, North Africa, Greece, and sever notable harsh spots as Yemen and Syria. Saudi Arabia does the panic dance as the US bombs Yemen to protect against instability for oil procurement. All of these riots do nothing to boost confidence so the US media chooses to ignore it. Why bash the stock market with reporting the truth?!

Japan appears to be heading into the category of being a dead nation due to unfix-able radiation. RIP Japan. It's only the 3rd. largest economy going into the toilet. Somehow, someone on CNBC will find Japan's demise as bullish for stocks.

Here in the US, not only have most of the indicators turned south, but it is now apparent that we are contracting. All of the Fed's local reports lately have been negative. Deflation is a major concern now for the Chairman of the Fed, Bernanke. This equals extremely bullish for metals, particularly gold (but silver too) in the long run. As Bernanke fights deflation by debasing the currency, Gold will skyrocket as soon as QE3 is announced. QE3 is guaranteed! Remember, you read it here.

Speaking of Gold, Martin Armstrong's major turn date was June 13-14, 2011. Looking at the charts, other than the FTSE100 (an unlikely candidate), gold indeed turned from a cycle low on that date. If this low is confirmed in the next week or so, Armstrong's prediction of $5000 per ounce gold is enhanced by this move.

No big details in this video as an overview still took over 20 minutes to present. Getting into even a few of the details of the complex mess we are in would take hours. We are in big trouble people!

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[syalcin123]

Japan issue is serious but they are not governed by zionists so unlike US their politicians will try to do best for them

[MrThriveAndSurvive]

@syalcin123 They are very slow to report information though. I really do feel that everyone on that island should be preparing to leave permantly.

[theroilsoil]

@MrThriveAndSurvive

Yes, our useless government (non)officials have continually failed us - all of them should end up

in the meat grinder.

No matter what Uncle-Ben does - wait-and-hold or print more useless paper - the situation will now

get progressively worse.

We'll be entering a hyper-inflationary depression - the mother of all depressions.

Precious metals, money, stocks, bonds - all similar whoring materials used to messure

mans "success" in life - will become useless.

[ytgv3fc7]

@MrThriveAndSurvive I'm afraid since I don't believe in any god I'll be stuck trusting only the evidence I can prove and not a single person

[ytgv3fc7]

@WhoShotJRBobDobbs my oh my. I figured something was a little "too easy" about this set-up type stuff Jesse Ventura had pulled off with certain "banking executives" on one of his episodes about wall street.

[MrThriveAndSurvive]

@nightbladex14 YOu can rest assured that printing will continue. If Bernanke pauses long enough, the people will literally beg for it. I personally don't think Bernanke will wait long though. We'll see how much he can stomach before printing again real soon here.

[nightbladex14]

@MrThriveAndSurvive i believe that to some degree only IF printing still happens. Which will probably happen. By the end of the year, we'll have 14% inflation. 25% by next year's end. And after that 50% inflation.

The whole point people should understand is that they only wanna duct tape this whole mess until November 2012. After that. All bets are off.

I still see us going until 2015 before we reach our real "breaking" point. That's assuming that Elenin doesn't happen.

[MrThriveAndSurvive]

@ITILII YOu got it ITLII ! I appreciate your comments and those of the others as well. It is nice to have feedback from like minded people. I can't find this locally anywhere.

[MrThriveAndSurvive]

@jbzy077 You're quite welcome and thank you for commenting.

[MrThriveAndSurvive]

@nightbladex14 I believe in the commonly held belief that monetary printing takes (avg) of 18 months to effect the economy via printing. In this case, we are only now feeling the effects from the starting 1/3 of QE1. This is scary considering the inflation already there. The hyperinflation I see coming is not from printing actually. It will be currency induced push cost inflation. Translation=people dump the dollar from lack of confidence and the USDX plummets. Hyperinflation being the result.