Bloomberg
First the headline reads "Consumer Confidence Slips Surprisingly on Jobs, Fuel Costs"
when it should read
Not Surprisingly, Consumer Confidence Slips on Lack of Jobs and rising Fuel Costs.
The author writes in the first sentence that this confidence slip came as a surprise. But a surprise to who? It's certainly not a surprise to me. It's not a surprise to some of the most respected experts in financial arena. Guys like Paul Craig Roberts (American economist and a columnist for Creators Syndicate. He served as an Assistant Secretary of the Treasury in the Reagan Administration earning fame as a co-founder of Reaganomics.") and Gerald Celente (The World's #1 Trends Forecaster) have been telling people for years to get ready for an economic crash larger than that of the 1930s.
Just 6 months ago both of these guys said watch out for the Federal Reserve when they start printing money to pump into the system to ease the hard times. That is when things will begin to unfold. The rise in food prices and oil. They said more and more talks will take place about the devaluing of the U.S. dollar and or replacing it completely as the worlds reserve currency.
Now if you take a look around you'll notice that very same thing is happening right now 1/12/2011 12:00 am Texas time. All across the board news headlines read
Oil prices Soaring to record highs!
Rise in food prices on gowing!
Gold and Silver at levels never before seen!
All across western Europe we've seen mass protests and riots in Greece, Italy, Ireland, United Kingdom, and now Tunisia. All because of the same economic disintegration and lack of employment.
Yet, modern day journalist insist on telling us that its all some sort of accident and it's only mildly bad.
