Click here for the latest letter from Martin Armstrong dated January 25, 2011 entitled, The Assent of China The New Face of China (11 pages). Mr. Armstrong talks about China in general as a global power and also charts its respective stock market indexes on last 2 pages.
January 31, 2011
January 30, 2011
January 29, 2011
Groovygirl doesn’t comment much on world politics outside of their economic impact. Lots of other websites cover that info. However, the recent surge in rioting is very interesting.
I have been visiting zerohedge.com regularly. They seem to have the most up-to-the-minute, and I mean minute, coverage.
They were one of the only ones to cover the story of more fake US bonds seized in Italy last week and the gold missing from Tunisia.
Groovygirl highly recommends their site. Eastern Europe and Asia are changing fast. A good resource.
January 28, 2011
January 27, 2011
Great analysis over at Chris Martenson’s website. Click here.
At the very least, inflation will squeeze those on fixed incomes and non-increasing wages, creating stagnate economic growth such as in the 1970′s that will enable unemployment rate to rise..
Chris is becoming more and more concerned about the possibility of hyperinflation. Groovygirl thinks it is only a matter of time.
It will take a radical acknowledgment of reality in Washington to change the tide from the road to hyperinflation to just hurtful inflation. Groovygirl sees no political will to make any such acknowledgments. Groovygirl doesn’t even see the people demanding any such acknowledgement either.
Protect your yourself and your family’s investments. It is time to build your own ark. The water is rising, ladies and gentlemen.
January 26, 2011
Click here. Make sure to read all the comments and Greg’s responses. In groovygirl’s opinion, there is very good advice there.
January 25, 2011
Great article over at Automatic Earth. Click here.
It certainly isn’t 9%.
To summarize: 108.616 million people in America are either unemployed, underemployed or “Not in the labor force”. This represents 45.5% of working age Americans.
AutoEarth also lists several other examples of the moral fall of American corporate and government judgment.
January 23, 2011
Jim Rickards is interviewed on kingworldnews.com. Click here.
$100 trillion in new debt?
Did you catch the comment about the growing reality that those with a large mortgage and falling home value will be working only to pay the bank and never create equity? That is a debt slave. With the reality of continuing falling home prices for the next 22 years (according to Martin Armstrong), that makes almost everyone that holds a mortgage on the home they are living in a debt slave at some point in the future.
What can you do right now and in the future to prevent yourself and your family from become a debt slave? This is a two-tier approach. Eliminate or minimize current debt (or enough to make sure you are never upside in your home) and create a cash-flow income for the future that can adjust for higher inflation and higher taxes.
Everyone’s path will be different. This is the time to start asking these questions, finding solutions for your situation, and working a plan.