Government Forecasting 3 Disasters
Jupiter, FL (PRWeb) February 7, 2007 -- "The government has just released three caustic reports representing the conclusions of hundreds of experts and thousands of researchers, supported or accepted by both the U.S. Congress and the White House. The one thing they all have in common: They forecast three disasters with incalculable impacts on security and investment opportunities," says Martin Weiss, Ph.D.
National Intelligence Council: Iraq Collapse Now Very Possible.
Iraq is not just a civil war. It's also an insurrection and a criminal free-for-all. Unless something changes drastically, "the overall security situation will continue to deteriorate at rates comparable to the latter part of 2006." Anything is possible, and nothing is certain, except one aspect: Regardless of the policy options now being debated in Congress and the White House, it's going to continue to cost the United States a lot of money. Wall Street can no longer sit back and watch events of this magnitude unfold without expecting an impact on already-dire U.S. government finances, already-rising-again oil prices and an already-surging gold market.
Intergovernmental Panel on Climate Change: Global Warming Is 90% Certain and Substantially Unstoppable.
In the words of the IPCC: "Warming of the climate system is unequivocal, as is now evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice, and rising global mean sea level."
Due to a series of processes and feedback loops that have already been set into motion, man-made global warming and the rise of sea levels will continue for centuries even if greenhouse gases could be stabilized immediately. The IPCC has not yet proposed solutions. That's coming later this year. But again, one thing is abundantly obvious: It's going to cost money, more money than hardly anyone could fathom today.
U.S. General Accounting Office: Fiscal Disaster on the Horizon.
When the economy grows and corporate profits improve, the U.S. Treasury collects more money. And the U.S. budget deficit recedes from the consciousness of most investors. That's what happened the last couple of years. But that doesn't mean the deficit has gone away; it's actually getting a lot worse. According to the GAO, "Based on various measures -- and using reasonable assumptions -- the federal government's current fiscal policy is unsustainable. Continuing on this imprudent and unsustainable path will gradually erode, if not suddenly damage, our economy, our standard of living, and ultimately our domestic tranquility and national security."
Dr. Weiss advises, "It all ties back to money. The greatest hope that none of the experts have adequately factored into their forecasts: Enough investors with enough financial clout shifting vast sums of money to the private enterprise companies that can deliver practical solutions."
For more information and to read the full article, visit this link:
http://www.moneyandmarkets.com/press.asp?rls_id=641&cat_id=6&
About DR. MARTIN WEISS & MONEY AND MARKETS
Money and Markets (www.moneyandmarkets.com) is a free daily investment newsletter from Dr. Martin Weiss and Weiss Research analysts offering the latest investing news and financial insights for the stock market, including tips and advice on investing in gold, energy and oil. Weiss Research, Inc. is located in Jupiter, Florida. For more information about our editors, or to set up an interview, please contact Jennifer Moran at 561-627-3300 or visit www.moneyandmarkets.com.
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