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Posts Tagged ‘food prices’

Riots Break Out in Bahrain

February 15, 2011 2 comments
Bloomberg
By Glen Carey – Mon Feb 14 15:04:21 GMT 2011
Bahrain Deploys Police as Demonstrators Demand Freedom, Jobs

Police fired tear gas into a crowd of protesters in the Diraz area today. Photographer: -/AFP/Getty Images

Bahraini riot police were deployed to break up protests across the island nation as demonstrators, inspired by revolts in Egypt and Tunisia, demanded more political freedom and jobs.

Police fired tear gas into crowds in the areas of Diraz and Bani Jamrah. Earlier, residents of the Shiite Muslim village of Nuweidrat said clashes broke out between activists and police after morning prayers. Police were present on the outskirts of Nuweidrat, where Shiite flags adorned buildings along alleyways.

”We were starting our peaceful protests when riot police attacked us with tear gas,” Nabeel Rajab, head of the Bahrain Center for Human Rights, said in an interview after the protest in Bani Jamrah was dispersed. “We will continue Read more…

Grocery Bills Are on the Rise

February 10, 2011 Comments off

$2,000 Gold And 10 More Surprising Predictions From Credit Suisse

February 8, 2011 1 comment

Gold is negatively correlated with real Fed fund rates

You’re not going to make money betting on the consensus. So if you’re looking for contrarian investments, Credit Suisse’s Andrew Garthwaite has picked out 11 economic events that are more likely than anyone thinks.

Surprise scenarios include $2,000 gold

chart

by year-end. Several factors support this “surprise” including:

  • Gold goes up when real Fed fund rates are negative — and they are
  • Excess leverage leads to money printing or default

Even Donald Trump Is Warning That An Economic Collapse Is Coming

February 4, 2011 Comments off

In a shocking new interview, Donald Trump has gone farther than he ever has before in discussing a potential economic collapse in America.  Using phrases such as “you’re going to pay $25 for a loaf of bread pretty soon” and “we could end up being another Egypt”, Trump explained to Newsmax that he is incredibly concerned about the direction our economy is headed.  Whatever you may think of Donald Trump on a personal level, it is undeniable that he has been extremely successful in business.  As one of the most prominent businessmen in America, he is absolutely horrified about what is happening to this nation.  In fact, he is so disturbed about the direction that this country is heading that he is seriously considering running for president in 2012.  But whether he decides to run in 2012 or not, what Trump is now saying about the U.S. economy should be a huge wake up call for all of us.

Trump says that the U.S. government is broke, that all of our jobs are being shipped overseas, that other nations are heavily taking advantage of us and that the value of the U.S. dollar is being destroyed.  The following interview with Trump was originally posted on Newsmax and it is really worth watching….

Now, you may or may not think much of Donald Trump as a politician, but when a businessman of his caliber starts using apocalyptic language to describe where the U.S. economy is headed perhaps we should all pay attention.

The following are 12 key quotes that were pulled out of Trump’s new interview along with some facts and statistics that show that what Trump is saying is really happening. Read more…