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Are you really trying to say that these psychics are saying that AIG will survive and continue to be successful they way they were in 2000? Let me know what you have to say, please. My e-mail address is 1993 Toyota Pick-Up Truck AC Compressor
Main street is getting screwed and bent over.
Raw material costs going up. Health care going up.
No credit available to expand/startup to create jobs or even cover working capital to STAY in business.
Income/jobs going down.
ZIRP is crushing the fixed income retirement sector to finance the big money center banks and big business on the government tit.
and this is what wears on my brain so much, the worry about the innocent people, the elderly who through no fault of their own, could easily die of hunger . This should be a national outrage against the FEDERAL RESERVE.
Gold bugs beware! CNBC's Jim Cramer just said he was bullish on gold!
Even a broken clock is right twice a day. He's 50/50 right anyway, we all know that.
Thanks for the heads up. I do not watch that show and that information does make me nervous.
What struck me was the fact that the gasoline price is inflating WAY faster than oil. I was expecting a much higher commodity specific index than (1.07/1.02), given that gas was up 40%YoY the last time I checked US average prices on gasbuddy.
1st Christmas ever with gas avg nation wide over $3. This time around when gas reaches about $3.50 I think we'll see the real economic effects, with food prices already rising, just wait till truckers start cutting their routes and food becomes more scarce and ever more expensive.
Why not hold cash reserves? It is a myth that they want housing prices to stablize.
Those big fat cash reserves are waiting for the deflationary washout in US housing. Landlord Squidly to the rescue. It's been part of the plan for a long long long time.
Why should it be strange that, in a statist economy (the Government directly controls 40% of the U.S. economy now), you can inflate some things and deflate others. All it means is that some areas are still good for looting, some are not. Housing is definitely over as a profit center; you can still wheedle coin out of gas prices. So you do it.
And you will keep on seeing it done until.....
BLS Bachelors+ unemployment hits 20% (it's 5.1% now).
This is the only statistic that matters to ANYONE having power. They should put it on the flag and fly it over the Capitol, because it's the only figure anyone in Washington discusses.
Silver dominates '10. Stamp it.
Very nice article. The prices on commodities is a nice summary of the problem. Is there any place that one can find historical price charts of basic food items over time, like loaf of bread, gallon of milk, pound of tomatoes and pound of hamburger.
I have found anecdotal data, but no hard data.
Although the following historical retail food price information may not be very comprehensive (with respect to the time periods shown), it may still be of interest to you...
It comes from
sounds about right.
I read a lot, especially on the most popular financial blogs, including my favorite, ZEROHEDGE. Does anyone have a timeline as to when we will go into our currency crisis ? I'm asking, as one who is not as knowledgeable as the rest on ZEROHEDGE.
my best guess is two years.
2 years of what, skying commodity prices, $4+ gas and declining wages, jobs, and more $8 per day pumping stocks while losing $40 billion per month? Whatever.
Crystal ball gazing is not my strong suit. Ask The Bernank. His foresight is as good as anyones.
When? I personally believe the timeline here is 3-6 months behind Europe...what we're seeing over there is what we'll be seeing here in a few months. Just a personal belief, nothing scientific behind it really, but I see the real end goal which is PLANNED implosion of world economies and currencies in order to institute their 1 world govt insanity, and I think theyre sprinting to the finish line now. Europe- basically complete. Next up for slaughter- USA by spring.
BTW for anyone wanting to see a bit of real history and reality of the Corporation of the USA, read here.
Crown 1 USA declared Bankrupt since 1933 and in receivership, starz n stripes and US Constitution has been a total illusion for the last 80+ years.
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