June 10, 2010 — Recipe for Economic Catastrophes; Gold is Not a Bubble; Wolf Wave; Black Swans and Fat Ladies">June 10, 2010 — Recipe for Economic Catastrophes; Gold is Not a Bubble; Wolf Wave; Black Swans and Fat Ladies" />

The “when hope turns to fear” moment (See 2010 Outlook “When hope turns to Fear” in Tedbits archives) is unfolding as we speak, as the tides of insolvency sweep over the social welfare states and financial systems of the developed world. It is the next leg down in the global financial crisis and what will come to be known as the greatest depression ever is commencing — we are fascinated and astonished at what the main stream media is reporting and failing to report.     [continue reading...]