By Reginald Kaigler (DEMCAD)
It's August 10th, 2011 and we all know that something is wrong. If you've been paying attention to Peter Schiff, Gerald Celente, Jim Rogers, Michael Ruppert or one of the many youtube personality that warned about the economy, then you probably aren't surprised by what's happening.
Dow DOWN 630 on Monday, UP 450 on Tuesday and DOWN 510 on Wednesday. The S&P has lost about over 5% this wee and it's only Wednesday. My prediction that gold would hit 1700 dollars an oz was vindicated this week. Today, gold hit $1,800. This comes after the S&P downgraded the U.S. credit rating.
CNN’s Jack Cafferty asked his audience if James Carvey was right about his assessment of the social economic situation in the country. If the economy doesn't improve, could we see violence? Of course, it could. And it will. We're seeing thousands of workers take to the streets in the Philippines to protest low wages, riots in Athens and throughout Greece, civil unrest in the United Kingdom, 1,000 cab drivers hold up traffic in China to protest raising fuel cost, large anti-government protests in Syria, 250,000 Israelis protesting in Tel Aviv.
For years, I've heard Europeans talk about how they didn't have pro gun laws in their country because they didn't need them. "It's safe, here." Really? Tell that to the law abiding citizens of Tottenham and other UK areas that are being terrorized by mobs of violent teenagers destroying shops and stealing. Where's the police, now?
And now many Americans are realizing that the jobs aren't coming back. We've had at least 400,000 Americans applying for unemployment benefits every week for the last 17 weeks. The GDP numbers turned out to be a total joke. The first quarter's (supposed) 1.9% growth was revised to 0.4%. With raising inflation and government spending artificially expanding GDP, it is clear that the 0.4% is hiding a deep contraction in the economy. As the standard of life sinks, people will start to lash out. Poverty is spreading and the middle class is shrinking. We now have 45.7 million Americans collecting food stamps. According to the Department of Agriculture, The number of participants jumped 1.1 million in one month (from April to May).
Apr 2011 44,647,861
May 2011 45,753,078
Remember these words: Civil Unrest is coming to America. We already have our share of teen mobs running a mok.
So what can you do about this situation. prepare your family for an emergency. My video below will help you get started.
Down Loses 500 points
Food stamps recipients up by 1,150,000
London riots leave city scarred, 160 jailed
My World Predictions for 2011