"The truth is that we have a real mess on our hands. The following are 20 economic warning signs that should be of great concern to all of us....
#1 Over the past seven days, the price of wheat has risen by 11 percent as concerns about food shortages continue to grow around the world.
#2 The price of corn is up a staggering 94 percent since last June.
#3 The United Nations is projecting that the global price of food will increase by 30 percent in 2011.
#4 According to the U.S. Department of Labor, the number of Americans applying for unemployment benefits rose last week to the highest level since last October.
#5 According to the Pew Charitable Trusts, of the 14 million Americans "officially" unemployed in December, 30% of them had been unemployed for one year or longer.
#6 Beginning in the month of March, the U.S. Postal Service will begin shutting down up to 2,000 post offices across the United States..."
#7 In an absolutely stunning move, Standard & Poor's has downgraded Japanese government debt from AA to AA-.
#8 72 percent of the major metropolitan areas in the United States had more foreclosures in 2010 than they did in 2009.
at http://theeconomiccollapseblog.com/archives/warning-signs
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