Jim Rogers: Be Very Worried The Next Recession Is Coming

“Dr. Doom” Marc Faber: The most dangerous trend right now

On the heels of news out of Europe that the ECB will do unlimited bond buying, Marc Faber told King World News today, “It was expected that they would start with further monetary easing at some point.” Faber warned, “I believe central bankers are in this world to print money. They are, intellectually, completely dishonest or incompetent, and that’s all they know.”

Faber, who is author of the Gloom Boom & Doom Report, also stated, “This is a very dangerous trend, and I will always, always fight governments on every level I can because the larger the government is, the larger the abuse is in a system.” He also added: “I have roughly 25% of my…

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Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012

The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.

Gerald Celente, the CEO of Trends Research Institute, is renowned for his accuracy in predicting future world and economic events, which will send a chill down your spine considering what he told Fox News this week.

Celente says that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.

“We’re going to see the end of the retail Christmas….we’re going to see a fundamental shift take place….putting food on the table is going to be more important that putting gifts under the Christmas tree,” said Celente, adding that the situation would be “worse than the great depression”.

“America’s going to go through a transition the likes of which no one is prepared for,” said Celente, noting that people’s refusal to acknowledge that America was even in a recession highlights how big a problem denial is in being ready for the true scale of the crisis.

More than 50 Million Americans Can’t Buy Food

More than 50 million Americans couldn’t afford to buy food at some point in 2011, according to federal data.

Children in some 3.9 million households suffered from food insecurity last year, with their families unable to provide them with adequate, nutritious food at times.

Nearly 17 million Americans suffered from “very low food security,” meaning they had to reduce the amount they ate, saying the food they bought did not last and they didn’t have the funds to buy more. They typically found themselves in this situation a few days a month for seven months of the year.

Are you better off? The following are 40 statistics that will absolutely shock you….

#1 During the time Barack Obama has been in the White House, median household income has fallen by 7.3 percent.

#2 Back in 2007, 19.2 percent of all American families had a net worth of zero or less than zero. By 2010, that figure had soared to 32.5 percent.

#3 According to the Federal Reserve, the median net worth of American families dropped “from $126,400 in 2007 to $77,300 in 2010“.

#4 According to the Pew Research Center, 61 percent of all Americans were “middle income” back in 1971. Today, only 51 percent of all Americans are “middle income”.

#5 Back in 1970, middle income Americans brought home 62 percent of all income in the United States. In 2010, middle income Americans only brought home 45 percent of all income.

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