Grim economic warnings are being sounded from the United States today after one of their top market forecasters and social theorists named Robert Prechter advised everyone to abandon the stock markets over what he says will be one of the largest financial crashes (of “staggering proportions”) to occur in over 300 years rivaling the Great Depression, the Panic of 1873, and the collapse of the... 

Where's the hope now? And I thought Barack Hussein Obama’s response to the jobs numbers yesterday was clueless. Obama proposed spending $800 million to create 5,000 jobs, which would install broadband technology where it hasn’t already expanded because of demand, which will cost $160,000 per job. Today, Obama has refined his approach in his weekly address, proposing to spend even more money... 

Eurozone’s unemployment figure continues to linger as around 16 million Euro currency users are still out of work, official data shows. Unemployment across the 16 countries which share the Euro stuck at a record 10 percent in May for the third month running, European Union data showed on Friday. The area’s unemployment rate has remained at its highest level since the creation of Euro in... 

China has spent $50 million building a stadium at this site in Conakry, Guinea If you want to see what’s wrong with Africa, take a trip to the Democratic Republic of Congo. The size of Western Europe, with almost no paved roads, Congo is the sucking vortex where Africa’s heart should be. Independent Congo gave the world Mobutu Sese Seko, who for 32 years impoverished his people while traveling... 

Stunning potential: Afghanistan has nearly $1 trillion in untouched mineral deposits including lithium. JACKPOT! The United States has discovered nearly $1 trillion in untapped mineral deposits in Afghanistan, far beyond any previously known reserves and enough to fundamentally alter the Afghan economy and perhaps the Afghan war itself, according to senior American government officials. The previously... 

Greece is raising cash by selling off an area of state-owned land on Mykonos for luxury tourism. Desperate attempt to repay debts also driven by inability to find funds to develop infrastructure on islands. There’s little that shouts “seriously rich” as much as a little island in the sun to call your own. For Sir Richard Branson it is Neckar in the Caribbean, the billionaire Barclay... 

Yukiya Amano The International Atomic Energy Agency is ready to help Egypt in the construction of nuclear power stations, IAEA chief Yukiya Amano said on Tuesday during a visit to Cairo. “The agency is happy to co-operate with Egypt in its nuclear energy programme,” Amano told reporters, adding that Egypt was close to finalising the project and its location. President Hosni Mubarak declared... 

China is set to become the world's biggest manufacturer next year The US remained the world’s biggest manufacturing nation by output last year, but is poised to relinquish this slot in 2011 to China – thus ending a 110-year run as the number one country in factory production. The figures are revealed in a league table being published on Monday by IHS Global Insight, a US-based economics consultancy. Last... 

For millions of unemployed Americans, the news about China’s surging export market isn’t necessarily cause for celebration, even if it might be a harbinger for global recovery. Chinese exports surged 50% in May from a year earlier, easily trouncing expectations for a 32% increase, according to a Reuters report citing a leaked statement from a Chinese official. This information is an... 

Iranian President Mahmoud Ahmadinejad said Friday U.S. dollars are “worthless paper” that the U.S. government injects into the world economy in exchange for goods and services. Continuing with his U.S. bashing at a press conference in Shanghai, he said the U.S. deficit is “theft of the wealth of other nations.” The Iranian president was attending the World Expo’s... 

Britain's Prime Minister David Cameron speaks at the Open University in Milton Keynes, England Monday, June, 7, 2010. Cameron said the pain of cutting Britain's national deficit will be worse than previously feared and will affect everyone in the country. Laying out the reasons for squeezing spending, Cameron said the nation cannot avoid cutting a deficit which rose to 156 billion pounds ($225... 

The survey's findings underline suspicions that the new Chancellor, George Osborne, will have to firefight a full-blown crisis in Britain's biggest trading partner in his first years in office The single currency is in its death throes and may not survive in its current membership for a week, let alone the next five years, according to a selection of responses to the survey – the first major... 

Greek Riots of 2010 Europe is likely to see intermittent protests over the summer against painful economic measures, impacting markets but much tamer than the violent unrest in Greece that sent jitters through southern Europe. Long regarded as the most prone to street violence in western Europe — as well as the most financially troubled — Greece has seen several angry protests culminating... 

Markets are in turmoil as there are fears of a major downward spiral for euro. Amid a festering financial crisis in Europe, the unemployment rate across countries using the euro currency has jumped to a historic %10.1 in April. According to statistics released by the European Union, almost 16 million people living in the Eurozone countries are currently out of jobs. The figures are showing a significant... 

More Taxes The following report is excerpted from Jerome Corsi’s Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and columnist. Red Alert subscriptions are $99 a year or $9.95 per month for credit card users. Annual subscribers will receive a free autographed copy of “The Late Great USA,” a book about the careful deceptions...