Prophecy in today's headlines

Detroit ‘savaged’ by economic problems – US Struggling To Avoid Recession

The US economy is struggling to avoid falling back into recession, and the gap between rich and poor is at its largest for 30 years.Detroit has been particularly badly hit by the downturn, and is a city struggling with unemployment, poverty, debt and crime. Read More

Vatican calls for global authority on economy, raps “idolatry of the market”

The Vatican called on Monday for the establishment of a “global public authority” and a “central world bank” to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document from the Vatican’s Justice and Peace department should please the “Occupy Wall Street” demonstrators and similar movements around [...]

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 [...]

33 States Out of Money to Fund Unemployment Benefits

With unemployment still at a severe high, a majority of states have drained their jobless benefit funds, forcing them to borrow billions from the federal government to help out-of-work Americans. A total of 33 states and the Virgin Islands have depleted their funds and borrowed more than $38.7 billion to provide a safety net, according [...]

The Great Recession of 2011-2012, Are You Ready

Are you ready for the Great Recession of 2011–2012? You should be, for it is getting under way even as you read this. Just as the 2009 “greatest economic crisis since the Great Depression” actually began back in 2007, so we are in the early days of the next cycle. Only this recession is going [...]

Prepare for The Coming Apocalyptic Economic Collapse

You’ll want to read the full article. Wake up investors. Are you prepared for the economic anarchy coming after a global-debt time bomb explodes? Are you thinking outside the box? Investing differently? Act now — tomorrow will be too late. Start by looking past the endless cable skirmishes between Rush, Glenn, Bill and Shawn versus [...]

America Slides Deeper Into Depression…

December was the worst month for US unemployment since the Great Recession began. The labour force contracted by 661,000. This did not show up in the headline jobless rate because so many Americans dropped out of the system. The broad U6 category of unemployment rose to 17.3pc. That is the one that matters. Wall Street [...]

China:Harder For World To Buy U.S. Treasuries

China’s central banker recently said that it is becoming harder for governments around the world to buy United States treasuries, while warning that the US Dollar will lose its value. Currently, the United States Dollar Index is trading at 78.2 points. At the present time, the People’s Republic of China owns just under $1 trillion [...]