Dow Repeats Great Depression Pattern – CNBC

The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday. Unemployed men queuing for coffee and bread at a soup kitchen run by the Bahai Fellowship at 203 East 9th Street, New York, circa 1930. “Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that...

US Money Supply Plunges at 1930s Pace

The M3 money supply in the United States is contracting at an accelerating rate that now matches the average decline seen from 1929 to 1933, despite near zero interest rates and the biggest fiscal blitz in history. The M3 figures – which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a year or so in advance –...

Electronic Pearl Attack Could Devestate US in 15 M...

Richard Clarke claims that America’s lack of preparation for the annexing of its computer system by terrorists could lead to an “electronic Pearl Harbor”. In his warning, Mr Clarke paints a doomsday scenario in which the problems start with the collapse of one of Pentagon’s computer networks. Soon internet service providers are in meltdown. Reports come in of large refinery fires and explosions in...

Stock Market Dives Nearly 1000 Points, Fear of Gre...

In one of the most dizzying half-hours in stock market history, the Dow plunged nearly 1,000 points on worries about the spreading European debt crisis before paring those losses in an equally rapid rebound. The apparent trigger for the massive selloff, which began shortly after 2 pm ET, was the approval of austerity measures by the Greek Parliament, which sparked renewed rioting in Athens. “There is simply a growing...

Mark of The Beast ID Card Idea Is Back

Objections are being raised over a proposed immigration reform measure that involves a provision calling for a national ID card. Senators Charles Schumer (D-New York) and Lindsey Graham (R-South Carolina) have proposed the biometric national ID card, but a coalition of groups has written a letter voicing opposition to it. John Whitehead, president of the Rutherford Institute, tells OneNewsNow that everyone seeking employment...

Perfect Storm of Food Shortage, Water Scarcity on ...

The world faces “mass starvation” following North America’s next major crop failure. And it could even happen before year’s end. So says Chicago-based Don Coxe, who is one of the world’s leading experts on agricultural commodities, so much so that Canada’s renowned BMO Financial Group named the fund after him. A crop failure in North America will have particularly dire consequences for major overseas markets that...