by Mac Slavo | Nov 27, 2009 | Headline News, Precious Metals
The city-state of Dubai announced yesterday that they would not be able to pay the interest on their debt. Dubai, you may remember, saw explosive growth in real estate from 2001 to 2007, but when Real Estate Bubble Wave 1 popped, thousands of investors and residents...
by Mac Slavo | Nov 27, 2009 | Headline News
Flashback: On January 15, 2009, the head of the Federal Deposit Insurance Corporation, Sheila Bair, insisted that deposits in American banks were secure: “The FDIC will never go broke. We are still running at a surplus, our reserves seem to be quite fit for the...
by Mac Slavo | Nov 26, 2009 | Headline News
The Black Swan Theory is used by Nassim Nicholas Taleb to explain the existence and occurrence of high-impact, hard-to-predict, and rare events that are beyond the realm of normal expectations. One example often put forth by Taleb is the life and times of the...
by Mac Slavo | Nov 25, 2009 | Entertainment, Gerald Celente, Marc Faber
The National Inflation Association has released their new documentary titled The Dollar Bubble. The Dollar Bubble features Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. It covers countless topics including the U.S. national debt, deficit...
by Mac Slavo | Nov 25, 2009 | Forecasting, Marc Faber
Publisher of the Gloom Boom & Doom Report, Marc Faber, speaking at a conference in Singapore November 18, 2009, suggested that once the serious financial bust occurs, governments will take their nations to war to distract the people. In his gloomiest prediction...
