The state of California needs to come up with over $3 billion dollars by March to avoid financial troubles this year.

The State Controller John Chiang said today, that if California does not issue IOU’s again as it did back in 2009 there could serious troubles for the state.

He also told news sources that “This is not an ideal situation but the best way to manage the challenge without relying on IOU’s or delaying tax refunds”

There are meetings late this week to negotiate the situation and to work out some sort of resolution before it is too late.

At the moment they are spending more than there budget allows them and that could have drastic consequences both short term and longer term.

We have to remember that California is the biggest state in America and if this see massive trouble it will spread quickly to other states.

The economic collapse we have been talking about goes much deeper than just California itself. But we this is still the calm before the storm. Time to buckle up.

Police use tear gas on Occupy Oakland protesters

Police use tear gas on Occupy Oakland protesters

Police use tear gas on Occupy Oakland protesters today as protesters went to the street throwing rocks, missiles and even flares.

Several officers were injured, and at least 19 people were arrested for criminal behavior.  The protesting continued long into Saturday evening, and demonstrators at one point were threatening to take over the Henry Kaiser Convention Center.

At one point the crowd was as big as 2000 people, as they took to the street and continued to disrupt traffic.

The recent Occupy Wall street movement, has been quite dormant until this event, but the overall aim of these protests is to denounce and oppose economic and financial inequality.

As we are saying in our NEWSLETTERS this is the symbol that the coming changes in the financial world will not be alone. Peoples financial situation and reactions will change with them. If the government think the next 2 years are going to be a walk in the park, they have another thing coming.

I do not condone, this sort of behavior, I never have. But I do not blame these people for what they are doing. The breaking point was several years in the making. Eventually the eggshell had to crack, and that is EXACTLY what it did.

People have had enough, and a small minority of people have woken up to what is really going on. So get ready for the big changes coming. You just have to look around, and watch the 6 o’clock news to realize it is coming hard and FAST!

2012 is not about the Mayan Calendar and the earth ending. It never was, it is about the start of some bigger changes that are now starting to occur. The Occupy wall street movements like the ones you are seeing happen, are just part of what we like to call the SOCIAL changes as we transform from one age to the next.

What a lot of people do not understand is that soon, the day to day fluctuations of the stock market will not matter. There will be many more important things that people will focus on. One of those things for people in need is SURVIVAL. It is a human element to all this, that other people are forgetting about. It is the number one element to living and we were born with it instinctively tattooed to our brain.

This is : To Survive, to live and protect ourselves and our loved ones no matter the cost. To keep alive, and to do what is necessary in order to survive.

The occupy wall street is just social metaphor for this. As individuals, they are doing what they can to survive and in large number you can see just how much media attention it is getting. Metaphorically it a stage play rehearsal for what is coming. To show why the people feel and how they are feeling right now about the fat greedy pigs that have caused this mess, and to get other people to wake up and smell the coffee before it is too late.

The social tensions and protesting to this financial crisis has not finished, mark my words. There are people that have only just realised how bad this situation is. More waking up will occur soon, and we are going to call this the second phase to the occupy movement. The first phase get attention of many people and the mass media. The next phase will shift and turn into something much more powerful as you will see. The seed for this has been planted, and the moment awaits for this powerhouse of human emotion to come forth and rare its head.

Do not be surprised to see that happen soon, and do not be shocked to see your family or your loved ones involved in the next movement coming. Depending on their current financial situation, they will make a choice then and there, but the trends we see are confirming this is just the start of something big. And the social impacts coming will be major ones. The warning signs are already there.

Well 2012 is off to a cracking start.

I must say in all the years I have been working this business, 2012 is probably going to be the most important. Many important trends are developing.

I love helping people, and that has always been my goal.

We have gone from humble beginnings to catering to clients in pretty much all countries across the world.

I could never in a million years dream what has happened up to this point. But I owe it all to one person.

YOU! Yes, so I am just here today, to say thanks. I also want to shout out to our sponsers and supporters elsewhere, you know who you are.

Without you guys, we are nothing. Thankyou so much!

This month we have been featured in two magazines and also another press release here at the end of January.

I am not doing this to TOOT OUR HORN (so to speak) I am just so excited that our business is helping so many see the good, and see GREAT opportunities when the
economy is doing so bad, and there is so much negativity out there right now.

Anyway thankyou!, and no matter what…or when the chips are down, like my dear old Dad said to me! “Just keep on keeping on!” Really, what other option is there???

Go out there and make this year, 2012…. the best year you can!

Learn how to prepare and profit from the coming FINANICAL CRISIS 2.0
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CLICK HERE ==> http://www.forecastfortomorrow.com/newsletter

Expensive Items You Will Pay Less for in 2012

Expensive Items You Will Pay Less for in 2012

With the economy in such a mess right now, and with everything getting more expensive you can breathe some sigh of relief because there are a few exceptions. Yes, even though prices are skyrocketing, there are some items this year that you will be able to purchase alot cheaper.

Here are 6 things that will be a lot cheap in 2012.

1) Wine

Wine enthusiasts are going to love this one, and it will give them something to raise their glasses to. The price of fine wine at the moment has come down quite dramatically. Since there has been a dramatic run up in prices over the last 8 years it has reached a breaking point. Prices have stopped rising because sales have finally met demands.

Prices are now expected to drop significantly, especially in the high fine wine categories. Even some Burgundy wines and similar wines from Africa, South America and Even Australia are set to plumment over the next 12 – 24 months.

2) Thin Style Laptops

The new super-thin design laptops know as “Ultamate” computers were introduced in early 2011. They were suppose to cater to a whole different crowd of computer uses, but failed to do so. Even during the 2011 Christmas period they failed to meet sales targets.

NDP analysts now expect the prices of these Ultrabook computers to drop more than 50% in 2012, and customers may be able to pick up the lower end models at around the $400 price point.

3) Houses

With foreclosure problems, and after a massive property boom which lasted several years. The hangover in the property market is lingering. Prices are again tipped to decline at least 1% in the coming year, depending on the suburb and surrounding areas. But there are bargains to be picked up in 2012.

There are large amounts of foreclosures in Atlanta, Las Vegas, and also Phoenix. Investors that missed out on the property boom are looking around and seeing bargains left right and centre.

4) Handheld Tablets

Tablets will finally be affordable for many users. Devices such as the kindle fire which is priced at $199 now have stiff competition and will be forced to drop their prices dramatically in 2012.

Also with the launch of the new iPad 3 coming this year, analysts are predicting the current prices of the iPad 2 to be slashed by more than 30%, making it affordable for many families who could not afford one during the economic downturn.

5) Car rentals

2012 will not be good for owning a car, but renting a car has lots of benefits. Stiff competition among rental companies are forcing prices down, especially on the price of hiring a car fro the week.

At the start of 2012, Dollar rent a car is offering a compact car for just $25 a day. Or just $135 a week. Even travel sites are giving car rental packages very cheaply. Making it affordable for couples to go away for a weekend and not spend a lot of money.

6) HDTV’s

Right in time for the Super Bowl. There is a new generation of less expensive 70-inch HDTV’s flooding the markets. This is putting pressure on the larger brands and also wholesale electronics in general. The good news is that the small televisions in the 40-50-inch size will also come down in price too.

When you see a snowball effect like this, smaller screens almost always come down in price. It is bad news for the retailers, but good news for the consumer in 2012.

What will happen if Greece Defaults?

We all know that Greece can’t pay it’s debts and, as such, sooner or later it’s going to have to default.

When it does, as many financial analysts say, the situation is going to be relatively similar to what happened in the United States in 1998.

Except much worse.

Before we move on, let’s go back two steps and…

…talk about what a default actually is.

Let’s say you’ve taken a student loan that for some reason you just can’t pay back. You’re going to get your regular notices in the mail, maybe a few phone calls or emails, and if you’re unable to make your payments for the period of 270 days,  the loan is going to go into default.

The situation will then be reported to all of the credit bureaus in the United States, and it will become almost completely impossible for you to get another student loan (or any other kind of government student aid, for that matter, be it on the state or federal level.)

As a student, you’re going to be almost completely grounded.

So, what will happen with Greece?

There are at least a few things worth mentioning.

First of all, its national debt will be restructured, in which case some of Greece’s creditors will take massive losses. This, obviously, means that at least part of the principal debt or interest will never be paid back. When that restructuring is completed, Greece will most likely go into what’s called restrictive default.

When that takes place, the European Central Bank will no longer accept Greek bonds as collateral to loan money to the local banks, and…

…when that happens, there’s a disaster in the making.

It is speculated that Greece has over one hundred billion Euros in bonds, but its banks will be pretty much immobilized as they won’t be able to get the money they need to function.

So… we’re in for a crisis.

What’s more, since it’s very difficult to implement anything similar to the Troubled Assets Relief Program (which, by the way, was put in place by the U. S. to give the nation’s banks money so that they could keep operating), we’re looking at what many financial experts call every man to himself in Europe.

There’s no central government which could institute TARP, or anything similar, in Europe, so unless the European Union or some other countries decide to get more involved financially than they are now, Greece, and even the whole continent, will never be the same again.

This is our lastest radio show, where we talk about what is happening right now.

A Look at Gold Price Predictions 2012

When the value of the dollar is on the decline, investors begin looking at other assets to invest in. Oil, real estate, and precious metals are a very common investment—gold is one of the most common investments in the world. The gold price predictions 2012 look very promising, and this makes gold one of the most sensible investments available.

Investing in Gold

When the United States was founded, a $20.00 bill and a $20.00 gold coin had the same value. Today, however, due to the country’s printing of billions and billions of $20.00 bills, the value of the American dollar is in decline. This is because the value of the dollar is a direct reflection of the state of the American economy as it ranks among other countries. Gold is a completely different type of investment; a $20.00 gold coin is worth much more today than a $20.00 bill. This is because gold is a finite resource; there is only so much to go around, and the United States government cannot simply ‘print’ more gold in times of financial crisis. This is why gold price predictions 2012 are looking stronger than ever.

How the Price of Gold is Determined

The price of most commodities is determined by the amount of that product that is consumed or destroyed vs. the amount of the product that is being produced—otherwise known as Supply and Demand. Gold, on the other hand, is generally not consumed or destroyed; in fact, the majority of the gold that has been mined in human history is still in existence today. Therefore, the price of gold must be determined some other way. In general, the people who own gold stockpiles are able to determine a minimum price per ounce at which they would sell. This price is the basis for gold price predictions 2012, and when combined with other factors like the amount of gold leaving mines in recent years, it makes for a very accurate forecasting model.

Gold Price Predictions 2012

The record high price for gold was set in September of 2011 at a whopping $1,920.00 an ounce, but has since fallen to right around $1,750.00 an ounce. The decline of more than $200.00 an ounce in just a couple of months leaves a bad taste in the mouths of many, but experts say there is nothing to worry about as gold price predictions 2012 generally speak of new record-breaking gold prices. Many gold connoisseurs are stating that the price of gold could easily eclipse $2,200.00 an ounce by the end of 2012, and perhaps even climb as high as $5,000.00 in the future. As gold ore becomes harder to find, those who own the gold will have higher asking prices for their stockpiles.

With the downturn of the American and European economies, many people turn to hard assets in order to guarantee a solid financial future. Gold price predictions 2012 lead many to believe that gold may be the best hard asset to invest in both this year and in years to come

There were a lot of concerns about the EURO this week and if you take a look at the chart below it is obvious that there is alot of  pessimism surrounding  this currency right now.

EURO CHART…

There has been a considerable sell off over the last few months, and things are not looking very good at all.

The sad reality of all this is that many economists are now predicting a full breakup of the EURO in the coming years, and that is also keeping investors away.

Investors are staying right way from the EURO and subconsciously people are thinking if they were to go long the EURO right now, is it worth it? considering that it might not even exist in 5 years from now. So 2012 will be an important year for the EURO and many investors remain on the sidelines to see what happens. But for now, it is highly likely that the EURO will hit fresh lows in the coming weeks as the European crisis continues to remain in the headlines.

There is a positive side to all of this if you are NOT living in EUROPE, and that is holidays in Germany and some European regions are up to 35% cheaper, and not many people are realizing this.

The good thing about a weak EURO is that people from other parts of the world who have always wished to go and travel in EUROPE have been handed a gift right now, and there has never been a better time, to take advantage of their weakened currency.

2012 forecast video that we have released today to share what we see coming in the next 12 months or so. We did share some of these ideas in our recent FFT NEWSLETTER

click the play button below to watch our 2012 forecast updates! Enjoy.

Ready for Apocalypse? It’s Only One Year From Today!

Ready for Apocalypse? It's Only One Year From Today!

Ready for Apocalypse? It’s Only One Year From Today!

Well eventually the time had to come. It’s Only One Year From Today! yes, 52 weeks are left before the end of the world.

We actually had so many of our subscribers worried, that we posted a FREE TRENDS alert  here ==> WILL THE EARTH END IN 2012

Dec. 21 2012 is meant to be the end for us all. Many Doomsday theories are out there at the moment, and suggest people get ready for the big event. It is quite amusing really…

Cities in the Mayan region have already begun a year long countdown to the date using a big 8 foot clock. While in surrounding areas the maya priests will start burning incense for a year and chant prayers to ask for guidance.

The Mayan calendar and the 13th Baktun ends on Dec 21, 2012.  But the doomsday theories stem from a tablet that was originally found back in 1960. The calendar allegedly runs out next year, and believers have gone to the internet where thousands of websites and blogs now document information about this so called date.

Let is think back to how people got into a panicked state over the Y2k hype, when it was feared all computers would malfunction and send world wide economies into a tail spin. Yet nothing happend.

Isn’t it funny that we as human beings always focus on apocalyptic ideas and events and always assume the worst will always happen. There are even numerous documentaries on the history channel talking about this event.

The mayan people are probably frustrated with the western world for taking this date and making it into such a large spectacle.

The tour operators and motel owners in the Maya area have been booked out solid for this end of year date. In fact they are booked out solid weeks ahead of December the 21st. “It is like some people are excited and want to be there when this so called event happens” one tour operator said.

I think the only ones that should be getting ready for this event should be the maya business owners who are going to sell out of everything leading up to the end of DECEMBER next year. For the rest of us there is no need to panic, we can just sit back and rest easy and laugh at all the hype and hysteria.