Roubini Sees 50% Chance of Recession in U.S., Eurozone, U.K.

There is a 50 percent chance of a recession in the U.S., the U.K. and eurozone economies in the next 12 months, said Nouriel Roubini, co-founder and chairman of Roubini Global Economics LLC. Europe’s “financial engineering” is insufficient to end its sovereign-debt crisis, Roubini said in a speech in Jakarta today. Contagion from the debt crisis has spread to some French and Belgian banks, he said.
“Unfortunately, in my view there is a risk, at least a 50 percent probability, that in the U.S., in the eurozone, in the United Kingdom, and in most advanced economies, the future in the next 12 months might suggest a recession

The Big Wall Street Banks Are Already Trying To Buy The 2012 Election

We are never going to restore legitimacy to our political system until we get the money out of politics.  Typically, in federal elections the candidate that raises the most money wins about 90 percent of the time.  In 2008, Barack Obama raised almost twice as much money as John McCain did.  3 of the top 7 donors to Obama's campaign were big Wall Street banks (Goldman Sachs, JPMorgan Chase and Citigroup).  Now Wall Street is doing it again.  The big Wall Street banks are already trying to buy the 2012 election.  So who do they want to win in 2012?  Based on contribution patterns so far, the overwhelming favorite of the Wall Street banks to win in 2012 is ...[continue to full article]



[From EndofTheAmericanDream.com

Predictions of an economic apocalypse are now main stream

Predictions of an economic apocalypse are no longer restricted to the realm of fringe doom and gloomers lurking in the dark corners of the internet. As we’ve previously suggested uncertainty now pervades the social consciousness, not just in America, but the world over. Every major media outlet in developed nations is now reporting on the headwinds facing the so-called recovery. The problems and threats confronting the stability of the globe can no longer be dismissed as theoretical arguments, because they are now being actualized – in real time.
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