Tuesday, April 23, 2013

Twitter Hoax Rocks Wall Street: AP Account Hacked, False Claim That White House Bombed, Obama Injured

Think your dollars are safe in the US Stock Market? Not if international hackers get in the way.

A hacked Twitter account of a major news organization Tuesday dispelled any lingering notion that tweets are mere 140-character missives that harmlessly fly off into the ether. Tuesday, a 1:07 p.m. ET tweet from the Associated Press exclaimed "Breaking: Two Explosions in the White House and Barack Obama is injured." It was a hoax, but within seconds, Wall Street was in panic mode, sending the Dow Jones Industrial Average into free-fall and erasing nearly $200 billion off the broader market's value. The Associated Press quickly revealed its Twitter account had been hacked and said the tweet was fake. The White House issued assurances that the president was safe. "The president is fine," spokesman Jay Carney said. "I was just with him."
Twitter hoax rocks Wall Street, shows vulnerabilities

Wednesday, April 17, 2013

Inflation is a Conspiracy Theory

Is inflation really in check? Why your dollars really aren't going as far as they used to.

From the YouTube description:

Here is my proof that things are not getting better in fact they are getting worse. The stock market is a bubble and will crash. Are you prepared for the new reality


Sam Zell Stock Market Bubble

Is the stock market in a bubble? Expert Sam Zell thinks so.


Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.

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