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Entries in Recession (77)


Lignet - China’s Coming Economic Implosion

China’s economy is at serious risk – and the entire world will feel the blow both economically and even militarily.

And your life savings and investments are no exception because China’s economy is so closely linked to America’s and other Western nations.

You are probably aware of Robert Wiedemer, the New York Times best-selling author of  Aftershock.

Wiedemer was one of the first economists to warn of the 2008 crash.

And now he is warning that China’s economy is at grave risk.

He points out that after several years of massive government stimulus as well as heavy support for the real estate sector, China’s bubble is about ready to burst.

“Housing prices in 100 major cities in China fell for the sixth consecutive month...  even the China Iron and Steel Association says that growth has slowed from 15% in 2010 to 4% in 2012.”

Adding to China’s economic woes is their fragile stock market.

It has already fallen to 2009 lows, a significant psychological benchmark, and Bloomberg News points out that if this resistance level breaks, stocks could drop another 10 percent.

Shockingly, many insiders warn that China, facing severe domestic problems, may turn toward their military muscle to gain an economic edge.

A realistic fear Japan is already familiar with.

In search of cheap energy, China has become aggressive with Japan regarding a longstanding dispute over some uninhabited islands that sit atop potentially enormous oil and natural gas resources.

Forbes columnist Ben Marks points out, “In the event that the Chinese economy continues to weaken, do not be surprised if China deepens its nationalistic tone, which could lead to even more military hostility with its neighbors over disputed territories in Asia.”

James Rickards, a top security adviser to the Pentagon and CIA, recently released evidence that China is secretly stockpiling gold.

“In 2009, without anybody having an early warning, even the intelligence community, China unveiled gold reserves of 1,054 tons [not 600 tons as reported]... They are treating the acquisition of gold like it’s a military mission... they are expanding and conquering... and their military monitors this entire process. It’s critical they keep this secret.”

What will happen with China next and what are the implications for the U.S. and global economies?

To answer that question with a special focus on the implications of a possible Chinese economic collapse, Newsmax's global intelligence and forecasting service, LIGNET, will be holding an urgent online briefing on China, her economy and the possibility of escalating tensions between the U.S. and China.

This special online event will be held Tuesday, Dec. 4, 2012, at 11 a.m. EST.

Leading the intelligence panel will be former CIA Director Gen. Michael Hayden and Gov. Jon Huntsman, who recently served as U.S. ambassador to China.

Please Note: This private forum is available to LIGNET members only.

Join LIGNET today for ONLY $1.00 by Clicking Here

LIGNET is a globally recognized intelligence resource prepared by former CIA analysts, national security officers, and presidential advisers.

What transpires between the U.S. and China could have dire consequences for America and inescapable economic ramifications.

During this exclusive program, LIGNET's esteemed intelligence panel will address the following:

  • The implications surrounding China's volatile leadership change
  • The likelihood China will surpass the U.S. as the global economic superpower
  • Is China a true currency manipulator?
  • The truth about China's economy and the potential for a real estate bust
  • The impact of China's military expansion and cyber-warfare capabilities
  • The possibility China will use military force to seize control of contested islands in the Asia-Pacific region
  • China's growing influence in Latin America and Africa
  • The immense investment opportunities in China
  • And much, much more!

We strongly encourage you to join this urgent LIGNET briefing Tuesday, Dec. 4, 2012, at 11 a.m. EST to discover how this dangerous conflict affects you and your wealth.

Important: We recommend forwarding this email to your friends so they can sign up to participate in this event as well.

Get a LIGNET Membership and See China Briefing for $1 — Go Here Now


ALG - Recession-level housing numbers nothing to applaud

Oct. 24, 2012, Fairfax, VA-Americans for Limited Government Bill Wilson today issued the following statement commenting on today's report by the U.S. Census Bureau showing 389,000 new home sales:

"To call 389,000 of new home sales annualized the 'highest since April 2010' is a lot like saying 7.8 percent unemployment is the lowest since January 2009. It tells you nothing about how such numbers compare to a healthy economy. In September 2003 - when home values were roughly where they are today - new home sales annualized was more than 1.1 million.

"Put another way, new home sales are about 66 percent below what one would consider healthy in a robust recovery. Home values are still 31 percent below their April 2006 highs. All this talk of a housing recovery is like going to a car dealer and saying you got a great deal on a four-wheel drive vehicle that only has first and second gear because two out of five gears ain't bad. Meanwhile, the dealer assures you by saying at least it's not stuck in reverse.

"We're applauding the housing market hitting the recession levels of spring 2010, a time when everyone was saying that the weak market was still a major drag on economic growth. We're scraping the bottom here. Those enthusiastic about today's housing report are grasping at straws. We still have a long way out of this mess."

View online:


Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at


ALG's Daily Grind - Economic slowdown hurts Obama, but can Romney take advantage?

Sept. 28, 2012

Economic slowdown hurts Obama, but can Romney take advantage?

Second quarter Gross Domestic Product (GDP) has been revised downward to 1.3 percent growth, unemployment is still unacceptably high, the debt is higher than ever, and things are only getting worse. But can Republicans win?

Cartoon: In his back pocket

Obama's media allies come in handy again.

Hollywood's Frackin' Fraud

Promised Land, starring Matt Damon and inspired by eleven residents from Dimock, Penn., who claimed that fracking had destroyed their water and their lives has those residents' claims investigated by the EPA, which found "there are not levels of contaminants present that would require additional action by the Agency." Southern Poverty Law Center a Wellspring of Manufactured Hate

Family Research Council President Tony Perkins: gunman was "given a license to shoot an unarmed man by organizations like the Southern Poverty Law Center that have been reckless in labeling organizations as hate groups because they disagree with them on public policy."


ALG - Economy continues to falter as 2nd Quarter GDP revised downward to 1.3%

Sept. 27, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson reacted to the news that the nation's Gross Domestic Product was revised downward to 1.3 percent by the government's Commerce Department.

"This significant, .4 percent final revision of the 2nd quarter Gross Domestic Product measurement calls into question whether we are seeing more data manipulation by this Administration.  Going into the political conventions in August, this same Commerce Department produced a picture of a slightly better economy putting growth at 1.7 percent.  Now, after the conventions are over and the media is more interested in polling than facts, it turns out that Obama's Commerce Department was wrong and the economy actually shrunk significantly to a meager 1.3 percent growth rate and shrinking. 

"There were unspoken suspicions of data manipulation last month in light of other economic reports that pointed to slower growth, and this month's final GDP numbers confirm that at best, Obama's Commerce Department gave a mistaken view of the state of the economy and at worse, a politically skewed one.

"In either case, today's final 2nd Quarter GDP report shows that the Obama economy continues to weaken, which is terrible news for all those who were hoping to enter the holiday season with a new job and renewed hope."

To view online: 


Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at


ALG - Manufacturing shrinks in August, will weigh on Obama's reelection

Sept. 4, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today responded to the manufacturing Purchaser Managers Index (PMI) published by the Institute for Supply Management showing a contraction in manufacturing for the third straight month:

"Obama's recession is unmistakable, with manufacturing decreasing for the third straight month. Two months out from a presidential election that will be determined by the state of the economy, slowing production does not bode well for the incumbent. It is now up to Obama to explain why after trillions of dollars of 'stimulus,' unemployment is still high and we are not growing our way out of this. The economic contraction we are experiencing is inexcusable."

To view online:




Americans for Limited Government is a non-partisan, nationwide network committed to advancing free market reforms, private property rights and core American liberties. For more information on ALG please call us at 703-383-0880 or visit our website at

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