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More Americans Believe The Country Is In A Depression Than Growing
Probably the only piece of economic news that matters today, and possibly all year, no scratch that, since the "End Of The Recession" (NBER TM) - according to Reuters: "The April 20-23 Gallup survey of 1,013 U.S. adults found that only 27 percent said the economy is growing. 29 percent said the economy is in a depression and 26 percent said it is in a recession, with another 16 percent saying it is "slowing down," Gallup said." That means that more Americans think the country is in a Depression, let alone recession, than growing. Cue crickets and a Bernanke press conference where he discusses alien abductions and 8 toed mutant Madagascar lemurs.
Said otherwise, a combined 71% believe the economy is deteriorating two years after the stock market more than doubled. That can't be right...
The health of the U.S. economy is expected to be a major issue as President Barack Obama, a Democrat, seeks re-election in 2012.
The government reported on Thursday that U.S. economic growth slowed more than expected to 1.8 percent in the first quarter of the year, as soaring food and gasoline prices drained consumer spending power.
A slowdown in first-quarter growth was acknowledged on Wednesday by the Federal Reserve, which described the U.S. economic recovery as proceeding at a "moderate pace." That was a step back from the "firmer footing" that Fed officials cited for the recovery in March.
The Gallup poll found that Democrats are the most likely to say the economy is growing. Forty-three percent of Democrats said the economy is in a recession or depression, 13 percent said it is slowing down and 42 percent said it is growing.
In other news, Welcome to the Recovery (GeithnerTM)
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I stand ready to buy puts in increasing quantities should the price of silver rise.
Eery how you sound just like Ben Bankruptke in that facile boast.
And I'm more than willing to sell them to you.
J.P. Barnum
Hollywood hit its stride in the Great Depression of the '30s, too. Then, as now, movie stars, drug dealers, hookers, war profiteers (in SoCal after '39) did well. Come out here to America and see how things are doing.
He doesn't come out of the basement.
Ah yes, true that.
It's a bifurcated country. The top 35% are going to ignore the bottom 65% just as they always have. Live, shop, eat in seperate neighborhoods, or even seperate cities. Work in seperate areas. Send kids to separate schools.
When a majority of the population is treated as invisible for long enough, they feel the need to make the elites aware fo their existence. Ask Egypt.
I'd put it at 15-85, if that, at this point. Just a matter of time before people run out of resources.
Looks like another affirmative action opportunity.........social status.
Tremendous inequality eventually leads to some "affirmative action" alright.
If you're seeing our problems in partisan terms you don't really understand the situation we're in.
Not me, besides wouldn't there have to be more than one party to be partisan?
The partisan terms I am seeing are not left or right. This is class war and I'm not on the winning side.
Except the majority of those lower 65% have no idea at all how to save money and only care about the latest american idol turnout.
Must be all the government employees spending while the spending's good.
Funny, I don't know a single person who has bought a new car since the days of "cash for clunkers." They either bought them before as demand was pulled forward ("employee discounts for everyone" & 0% APR), or they buy used, or just keep driving the paid off one.
There's a brand new dealership I drive by everyday, and I never see anyone in the lot that isn't in a cheap suit smoking a cigarette.
I'll take it for granted that you haven't driven through Compton or East LA in a long long long time... (perhaps never?)
I hear that the passengers on the Titanic were really enjoying the experience, too. Well, up to a certain point anyway.
your rejoinder the other day when that cat scolded you on leo k was excellent. slam dunk. been meaning to tell you.
Thanks Lieutenant!
Sometimes, one is simply pressed past the point of indignation. Leo has too often done so to me, although admittedly rather rarely in the past few months, perhaps having learned his lesson last year after having vicious, hateful, pro-Establishment comment after comment junked into oblivion as they deserved.
At least those in first class were enjoying the experience. Those in third class not so much. The passengers in first class had first crack at the lifeboats, too.
Manhattan Beach....well that explains it....you guys are in a parallel universe...what is down on our side of it is up on yours....
Actually, I take it that this poll shows folks believe we are in an accelerating depression / recession...meaning things are bad and getting worse. The CEO of Walmart confirmed that today and put his company's money where his mouth is: Walmart is stepping back into the gun biz in a big way right now after backing off in prior years....the company obviously is trying to keep its customers alive and kicking....protecting its 'market share'.
having a great time in life is a perfect description of us silver holders. you're welcome to live vicariously through us.
Party at Robos 400 sq ft apartment tonite everyone!!
He has hookers. Can I come too?
40 sf*
The Bernak never lies, if you do not believe in this oh so obvious recovery you maybe Al-Qaeda
Well at least the real world people are no longer fooled by the lies that come out of the ChairSatan's mouth.
Looks like uprisings won't be far away as more and more people can't afford to live because inflation in the real world is soaring if not in BenRon's mad red eyes
Is it tropical?
Gee... just like the old days for Silver. All day battle over 2% of $17.00
Transitory
Wait until the HFT programs get ahold of the ballot boxes for the 2012 presidential election...Obama by a landslide...4 more years!
Winning!
/snark
"Probably the only piece of economic news that matters today, and possibly all year, no scratch that, since the "End Of The Recession" (NBER TM) - according to Reuters:"
Bullshit. At the moment, the only thing that matters is the fed is able to print money and devalue the dollar without any major problems. Yes, gas, food and oil are going up but it's controlled at this time. That won't last but for now, that's what matters in the short term, and after all, isn't that what's important in corp Amerika?
Put me in that 29%! 29% +1!
We're growing our debt at 12% per year to sustain GDP of just 1.8% in Q1! That math only adds up to DISASTER!
Cumon, 1360! Then splat. Pig Market.
Going for TZA @32.30, cuz I'm a mashchist.
At least you will man up beforehand.
Stand up and be counted.
ok, standing up; left out the 'o'
Bleh.
central planning fail
I'm trying to understand how 27% of those polled think that the economy is actually growing.....10% sure i can see that for the "wealth effect" invested crowd who are showing paper gains on their portfolios and can borrow on margin with no interest and feel like these are just ducky. who are the other 17% who think it's growing????
perhaps those are the bankers, politicians, financial services folks, corporate executives and any others whose success is contingent upon believing (and more importantly making others believe the economy is growing)?
Of that 17 percent, 14.9 percent may likely be accounted for by the bloc that supports our current President by a 98-2 margin, who are 15 percent of the population. Confirmation bias. (cough)
A.k.a. "union members." Likely teachers. Most likely math teachers.
I've been curious too about what exactly the talking heads are referring to when they talk about our current "recovery."
I guess it's just that GDP is nominally positive and there is some minor rehiring. The fact that this has all been bought with the government's credit card seems lost on them.
They are brainwashed by the saying that the market 'predicts' in advance about 9 months ahead of the economy..
But that is when it is allowed to be a free market not ramped up with free money
they work for the government
There's no such thing as a government worker. Employee, yes, but worker, no.
Why? There's no work* to be done.
*providing a good or service someone would voluntarily pay for.
Devistatingly accurate... unfortunately.
It's the gas prices. So long as they are high, people will be down on the economy (and for lots of othere reasons too like their homes being worth 1/2 what they were a few years ago) and it makes sense that democrats would be less likely to notice this. Many are city dwellers based on city votership and likely rent and use public transportation.
This is cute:
The rally is “very different” from the surge in the late 1970s, when the Hunt brothers tried to corner the market, and in 1980, when prices touched a record $50.35 an ounce, Frank McGhee, the head dealer at Integrated Brokerage Services, said at the conference.
“There is no manipulation going on in this market,” McGhee said. “It does not take a lot to stop the market until this market decides to go. I’d like to categorize silver as a freight train.”
http://noir.bloomberg.com/apps/news?pid=20601087&sid=a59nYyzTSBY0&pos=5
Some eye-opening charts:
http://www.resourceinvestor.com/News/2011/4/Pages/Silver-Spikes--Correct...
http://www.resourceinvestor.com/News/2011/4/Pages/Think-Silver-Just-Went...
As always, thanks Rocky...
Interesting, thanks. Silver parabola faster in 1980? In this day and age of instant information, and greater participation, I'm surprised. I wonder if the paper derivative market has provided the current headwinds...?
Silver is making a bowl. It's going to eat you're lost decade's cheerios out of it's fucking skull bowl.
I have maintained since the Autumn of 2008 that the country was heading for a depression. Most everyone I talked to poo-pooed that idea and I was looked upon as a birdbrain! Even more so when the announced so called recovery came and I said "what recovery?"
Well its been almost three years and more and more people, are asking for my advise on whats coming and how they should prepare. Nice to be vindicated, but I would have much preferred a different outcome. Change? Certainly we have change! For the worse! And I'm afraid it's going to get much worse before we see any improvement ~ If at all!
If you noticed the depression in the fall of 2008, you were late. Google "Bush Depression" and you'll find numerous references to what's been happening in this country since at least as early as 2007....even if you don't go back as far as the NASDAQ crash shortly after Bush and the Republicans took office.
Still too late. I knew after reading "The Fourth Turning" in 1997.
That's not all they believe.
Check out this poll:
http://www.gazette.com/opinion/president-117001-failing-certificate.html
So OK, now that the distraction has been shown for what it is, a distraction to divide people up as usual, you all know, the same ol' Cesarean methodology, people can get back to preparing for the crash and watching for some other assorted HAARP caused 9/11 type EVENT coming distraction from the failed empires financial system. Of course then again, three comets plus may be interesting come Aug, Sept, Oct, Nov.
Channel change.
THE DOLLAR IS DEAD! What's next?
Here is a serious question for any of you wonderful folks out here to answer:
After the crash of the paper fiat dollar, and one is left with a hand fill of silver or gold, besides most normally needed daily commodities that may be left in the stores to trade for, will there be another paper money to trade it for that will replace the dollar, or could it turn out to just be we all world wide trade for small valued silver or gold coins? Does that make sense? To say it simply, will there be another world wide reserve paper currency one would actually want to trade silver and gold for that will carry on a long term value?
Thanks in advance for your thots!~
people will continue to trade paper and virtual money but it will be worth less compared to real money (silver or gold coin). If it gets really bad, they will come up with new paper.
My guess is that the next fiat (globo?) will not exist in an archaic paper form, but will be all digital (to save the children from drug dealers (i.e. petty criminals) and black-markert tax cheats).
What the path is from one to the other is anybody's guess. The only thing that's obvious is it will be chaotic and as unpredictable as possible, in an effort to shake out as much wealth as they can when the time comes.
Agreed that the desire to thwart black markets by digitizing the economy may be a desired monetary environment by major banks, but the bottom line is that too much infrastructure is required to implement a plan that vast. Most likely won't happen in our lifetime.
Unfortunately one requires a technological civilization in order for that system to operate. No such civilization is in the cards. Nice try, though. Instead the silver will be loaded onto your camels and taken over the mountains where it will be traded for some nearly priceless coffee and chocolate.
Contrary to the majority of posts in this particular thread who claim "people can think" (just because they notice their own personal economy is going down the tubes)... most people today cannot think their way out of a wet paper bag.
Which is why few outside the ZH community realize they can hold and save gold and silver bars/coins/wafers, exchange them for real goods when they wish, and never be tainted with whatever fiat-debt-scam the predators-that-be come up with next.
In fact, we could take down the entire structure of the predator-class and NWO if we simply accumulated gold and silver (not fiat) and exchanged it for real goods when we need them.
But people are stupid, and they will remain stupid sheople who follow the orders of the elitist predators who command them, and feed the hordes of parasites who vote for the predators.
people take their "harmless habits" for granted.
they aren't necessarily styooopid, but they seem so abt those habit/issues, esp if you "know" more abt the dynamics than they do.
Bingo here: Which is why few outside the ZH community realize they can hold and save gold and silver bars/coins/wafers, exchange them for real goods when they wish, and never be tainted with whatever fiat-debt-scam the predators-that-be come up with next.
i dasagree with the "few outside the zH community" part, ann. people all over the globe are saving in gold and silver. many do not say so publicly for security reasons, or to draw attention to themselves.
but, many people are fine with paper/credit/fiat/digital.
i know the frustrations socially, nationally, internationally, but slewie & ann aren't in charge.
so, if this is true (which it is): we could take down the entire structure of the predator-class and NWO if we simply accumulated gold and silver (not fiat) and exchanged it for real goods when we need them.
...just each one do his or her part, take care of one person or one family. people haven't had the internet b4 around these strategies, ann. people who haven't traded their fiat for physical, yet, are not all styooopid. just most of them!
Hahaha! you speak well of some important issues, and you are well-aligned.
peace.
Count me in the depression side. The bank bailout of 2008 was a just delaying tactic for the debt time-bomb.
At least we had industry before. Now we have nothing, and an insurmountable mountain of debt.
I just purchased 80oz of copper buffaloes. Thoughts?
If that's what you just did then you should be asking for thoughts -- you apparently have none of your own. Why didn't you ask BEFORE you bought them?
Because soliciting for investment advice from strangers on the internet is not prudent fiscal behavior?
Booyah!
The excitement of getting in near the top of the copper bubble was overwhelming.
You got a fair deal if you paid about $21 for them.
What a bunch of Racists. You shall not disdain Prince O, he's trying as hard as he can and, anyway, Bush done it! No, criticism must be rooted out as hate speech and the vote must be taken away from such an ungrateful mob of whiners! /sarc off
Now, look away, He cometh(to Oprah).
Thanks for the /sarc tag, as I was having trouble deciding between that, troll, or zealot.
You got me with the capital R in racist. All the was missing was the TM logo.
The majority of people believe in jebus also.
Everyone is entitled to their own opinion.
what do you need with a depression?
why of course, another dust bowl situation.....
developing......
http://news.yahoo.com/s/nm/20110428/us_nm/us_usa_drought
ladies and gentlemen, we are talking about foood shortages here........stay tuned.......
It's not just weather related. Our coming food crisis goes hand in hand with a currency crisis. If folks here are bullish physical gold and silver, it must be supplemented with bullishness for long term food stores.
and T Boone Pickens suckin' the Ogalla aquifer dry...no big surprise here
http://washingtonexaminer.com/node/207036
Ogallala...sorry..can't spell today.
Somebody toss him into the gulf of mexico and don't let him come out until he's paralyzed from corexit.
Purge the depths of policymakers before we can even begin to repair the damage done by the previous ones for over a 20years.
if one just stops and considers that the gdp deflator is as bogus a number as cpi, weighted and hedonically adjusted to irrelevence, then upon consideration places a deflator that actually captures what is going on in the economy what do we find. we find that real gdp is still declining.
By the way, listening to all the idiotic pundits and policymakers coupled with the undying faith in a broken system multiplied by the level of potential and real candidates for 2012 presidency (so sick of seeing that asshole Trumps face smiling in the ad banners) + looking at the uninterrupted tenure of advisors and congressmen, one gets the picture that perhaps living overseas ain't so bad afterall-- shit living in the social unrest that exists in the middle east my even prove more attractive because at least the people are doing something to stand up to oppressive nonsensical regimes.
Where's the mission accomplished banner that Obama, Geithner, and Bernanke should be wrapped up in and parading around the country in?
Think twice before going to a Mooslim country. They often don't have beer there. Now, Switzerland, they'll survive anything. But you'll have to pay, big-time, to be allowed in. If I were super-rich, I'd move to French-speaking Switzerland tomorrow.
if one just stops and considers that the gdp deflator is as bogus a number as cpi, weighted and hedonically adjusted to irrelevence, then upon consideration places a deflator that actually captures what is going on in the economy what do we find. we find that real gdp is still declining.
Hahaha! On BBTV they said that "despite the dissappointing jobless claims number, McDonalds is a ray of light for hiring 62k". Yes, minimum wage that does not provide one with disposible income, let alone livable income, is a bullish signal.
Remember when the phrase "Would you like fries with that?" was considered a joke?
Today it's a godsend.
It is more than minimum wage and where i live two parents working at mcdonalds can raise a family and have a liveable wage.
RobotTrader is a fucking moron! Go stick an ipad up your arse and squeal like a pig
RainbowTrader is just a pathetic sort who seeks out negative attention because thats all he can get. Sad really.
What's ironic is that this Gallup poll of negativity is the most positive economic news I've heard in quite some time, as it means that the sheeple are starting to awaken from their credit-fueled blackout.
Then again, since it's way too late to prevent the effects of the damage incurred, all I can say is that this won't end well.
I think recession is the least of the worries, I think we may have WW3 as soon as the QE3 is announced. I would love recession instead.
Or they'll just announce WW3, knowing that QE3 is implied since, "freedom isn't free."
We get what we deserve.
Here's some more loose excrement. They're REALLY turning up the bullshit levels, hardy har har
The Fed Will Make Sure Obama Wins in 2012: Strategist“History is very much on the side of the incumbent President and unless we have a double-dip recession with a significant increase in unemployment I don’t believe Obama will lose 2012,” Papasavvas said in an interview with CNBC on Thursday.
“On the economic side, any signs of a deteriorating economic environment will see the Fed enacting QE3 (the third round of quantitative easing, or creating money) and hence indirectly reducing the probability of the economy derailing Obama,” Papasavvas added.
Slowdown, yes, next question. Follow raws carefully.
As for #1217258
Do not kick puppy's since they may grow up and get hit in traffic.
As for proceeding at a "moderate pace."
Aerospace and rent dissipated sectors
In order to understand the rent dissipation effect, it is helpful to start by examining how tariffs are determined. With no FTA in place, the logic of tariff determination is simple. Contributions by special interests induce the government to set the country’s import tariffs above the welfare maximizing level.
http://www.youtube.com/watch?v=RRkvg_LuZvk&feature=related
Food Chain is showing of interests not Consumer preferences.
1 USD = SDR 0.617411 wtfu peeps
http://www.imf.org/external/np/fin/data/rms_mth.aspx?SelectDate=2011-04-30&reportType=CVSDR
It's news like this that reinforces my opinion that the majority of Americans are NOT the brainless Idolatrist sheoples they get so much credit for.
There's a population that is incredibly well-insulated from any intrusive reality, but most folks know that shit stinks. They're not "well-educated" enough to be fooled by lying politicians, CNBC bobbling-breasts, or NYT columnists.
Isn't it all just so damned inspiring.
Did you know that U of Michigan Consumer Sentiment peaked in 02-2000? My belief is that Americans are not all that naive, but rather, complicit in the ongoing swindle because they somehow believe that they too can benefit from it somehow.
Americans are really pretty sophisticated and way ahead of the curve on most things.
It was a British expat who said, "The Americans seemed to have sussed out Obama right away. It didn't take them 4 years like the UK did with Blair."
The American Tea Party was calling for austerity 2 years before Europe imploded. Way before the EU, the Chinese, the G-7, the G-20, the IMF, PIMCO, and Standard and Poor's belatedly called for fiscal discipline. Hardly intellectually AWOL. It's the rest of the world that has followed the middle class of America, even if the politicians and bankers are trying to manipulate the impulse.
In 2009, VP Joe Biden, the American ruling party's #2 said, "The more we spend, the richer we are." And he was serious and meant it. That's the extent of the intellectual argument by the socialist democrats for what they are doing.
Sauce for the goose and all.
The socialist republicans pulled the same shit a few years earlier with gummit giveaways to sell SUVs.
It's just a question of which megacorp reaps the rewards.
U of Michigan consumer survey at 67.5 is in the recessionary range, below 1Std after peeking just above it at 73 on 3 QTR occasions since 4QTR 2007.
U of M not a factor.
http://www.imf.org/external/pubs/ft/wp/2011/wp1193.pdf
Dude smell the Coffee. As we speak any level of resource management is pooled from Corporate to provide value added services only. It means if you want more you will do this. The Bus driver drop you into a Pool "Contract labor" to provide flexible analysis of your old Job you did do. Hate to have you build credits in the Corporate since you are my bonus ticket. This is just a spread sheet calculation to productivity bumps "shifts" since yea its all about Bonuses and market pressures "cannibal crews" to eliminate waste in the guise to productivity legacy costs. There are 5 levels to support. Cannibal crews "skilled" are very talented, fungible and your lucky to get into those these days.
back in reality, the US is not actually in a depression nor even a recession. which all goes to show the value of polling the Man In The Street about his completely idiot beliefs.
According to whom, the NBER?--lol. Yes, we're enjoying some fine Coolidge-style prosperity right now. Check back in 4 months, you'll have changed your tune.
"more Americans think the country is in a depression"
Key phrase: "more Americans think"
who are the rest of 29% that are not thinking but believing problems solve by themselves just like in the movies? government workers with guaranteed middle class lifestyle for life?
Re: the 29% The household staff for the elite??
i'm pretty damned depressed.
try to keep those ears up, g_B!
Americans don't know what an economic depression is - so not sure the survey is particularly meaningful (ignoring the "how one feels determines reality" philosophy that has grown over the past couple of decades).
GDP recently fell something like 4% from peak to trough. GDP was down close to 50% in The Depression.
Americans need to get a grip on reality -- they have been living in fantasy world for a long time.
during the "great depression" we didn't have the wonderful world of bernanke to print up a few extra trillion to fill in the gaping holes in the economy with bondo.
which is precisely why we survived that depression but will likely not survive this one.
I call Bull shit on that. Americans don't know what an economic depression is
Blanket statements solve nothing. Times are tough. If I see a Man selling pencils I see a free market and my respect! I see overproduction in segements and pain to real people also. I see models abused in the public mind since a moral compass is choice if albeit three men as in those who can, cannot, and will not think to help home, city, state, nation. No free pass here on compass issues.
Peace
Agree times are tough. They just don't come close to The Depression. The extent of the current decline pales in comparison.
I define a "depression" as something that comes close to The Depression -- and am guessing most taking the survey probably do too. Just think they don't really know how bad The Depression was and therefore makes the survey results weak. [Understanding there likely is a definition of a depression in an economics text book -- which no one taking the survey could articulate, so they default to The Depression].
But I do understand the country is obsessed with surveys about how people "feel." But that's another matter!
I was curious at how the third and fourth word in your post matched up with the last word -- but I sort of like finding things that don't make sense (at least to my small mind).
Current situation is far worse than the GD in real terms--we're just in very early stages yet. The "Great Depression" wasn't over in '31, either.
Rather than permit massive deflation, the Fed's shooting for massive inflation, but the poor of today are not living in a distributed agrarian society. There is far more dependence on a functional "real economy" today than there was in the '30s.
If that "real economy" starts to see the sort of productivity lossed that did occur during the '30s, things are going to hell in *very* short order. It doesn't take much. We've been producing corn at such low-cost for so long that it's the foundation for most of our food-production, and if corn farming starts costing too much for our agribusiness to justify (most likely due to oil-price increase), there's a very real problem producing and distributing enough food for the population.
That's no shit, and it's pretty wild if you think about it. In theory, "someone" would just step in and help meet production costs. In practice, that "someone" may have trouble making the necessary payments.
Don't necessarily disagree current problems could end up rivaling The Depression -- just don't think we are near that level yet (which the survey was suggesting Americans believe).
Primary point is that Americans today lack the fortitude to weather a real depression as well as their parents and grand parents did. If they think this is currently a depression, they are in for a particularly rough decade or two ahead.
Yeah, well, given all the wise decisions and good judgment that's prevailing, ask yourself if "that level yet" is avoidable.
Re: Americans' fortitude--I think it's a mistake to question our ...fiber... as a people. The majority of younger folks I've known over the past decade are, MORE THAN ANYTHING, bored. They have no values not because they don't want them, but because they don't see anything around worth caring about. Once things start approaching weird-ugly, folks have a tendency for priorities to come into alignment right-quick.
What many Americans today lack are well-established base survival skills. But fortunately, it's not hard to realize that there is real and meaningful value in hard work and straightforward reasoning. I give even the most sheltered city person at least a 75% chance of figuring out how to clean a fish or dress a bird before starving.
Review of Fight Club. I tapped out as a courtesy.
1st RULE: You do not talk about FIGHT CLUB. 2nd RULE: You DO NOT talk about FIGHT CLUB. 3rd RULE: If someone says "stop" or goes limp, taps out the fight is over. Regional context.We have to have someone with a Phd and deemed a go-to guy by the banking cartel to tell us we're in a depression. We should not believe our own lying eyes
Are we not already warned since its your money that no excuse is needed to its loss? Of course to many fell victum again. Can you define a goto since thats how they got it from Policy? Trust is one thing, but money is another issue harvesting the working class. Links from the IMF crew was only to convey the status of the virus. No need to tell people who the Bus drivers are who enjoy running over pedestians. In the long run Consumers will decide but we already know the well is poisoned...
At the end of the day, US online durable goods sales are in the shitter worse than ever, and that's what is telling the statistical "truth" here about how the US economy REALLY is performing.
It's completely pooched - no amount od Washington + Wall Street lies and gimmicks is changing a damn thing, in that regard, and printing to monetize US public debt, and increasing debt ceilings is to destroy other country's economies first - that's ALL that Bernanke and Timmay and Honolulu-Buma are trying to do.
There is no recovery - they know it.
Despite appearances they’re not actually stupid, it’s just that deception is necessary in a trade war.
Pretend to be recovering and proping fake marketz and statz is it.
The first to fall will fall the farthest, so the plan is to fall last, by ensuring everyone else falls first.
Hence the impending inflation-demand trade collapse and bank collapses about to hit, and the Euro non-haircut madness.
Just look around you, it's worked, and is working particularly beautifully!
The US is screwed and will fall, yes - absolutely yes.
But it's also being held-up from a crash, as the 'others' slip over on benocide slurry, and go down first in a heap - first.
THEN and ONLY THEN will the US drop off the cliff (at least that's the plan).
What else were they going to do, but make sure that everyone was in a bigger hole than the USA? Hard to do, but that is what the Benocide is doing, and he surely knows it ... so he denies it, as he must.
This was always going to occur.
A quick US deflation was the worst option from a geopolitical perspective, hence bank bailoutz.
And just remember that Lehmans was taken down ON PURPOSE - it was planned and executed by the inner primary dealer clique. And just as I'm sure TARP/TALF etc was planned in advance. It's occurring on their timetable and along their chosen path.
They are just bleeding out the rest of the world - first - before they can let the US crash.
Create the problem, provide the solution - works every time if you own the media.
http://consumermetricsinstitute.com/index.html
Ezekiel 25:17. The path of the righteous man is beset on all sides by the inequities of the selfish and the tyranny of evil Obama. Blessed is he who, in the name of charity and good will, shepherds the weak through the valley of the darkness. For he is truly his brother's keeper and the finder of lost children. And I will strike down upon Obama with great vengeance and furious anger those who attempt to poison and destroy my brothers. And you will know I am the Lord when I lay my vengeance upon Obama.
Just make sure he strikes down the Shrub for his eight years of crimes against humanity as well.
Not to worry about being in a depression right now. We'll all know when a depression's here. Gold will be back to $32. an ounce.
Maybe so, but first it's gonna blow a hole through the roof on its way to the stratosphere!
You're absolutely correct. I'd just be taking out a few $100k a week before the deadly limit-down days.
Anybody really surprised by this? Not that the Republicons are any better...
Not surprised at all. As a matter of fact Kubler-Ross predicted it in her "5 Stages of Grief from the Demise of American Capitalism": 1) denial* that it could ever happen 2) anger* that the Madoff Trustee clawed back all that good money 3) bargaining* using limit orders and not market orders any more 4) depression* wondering what the Dow will do when it hits 14,163 6) acceptance* putting an ad on Craig's List to snake out sewer lines for food or beer
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compound annual inflation rate, the appropriate term to measure this year over year inflation measurement? This level of inflation will make it difficult for people to properly value the products they buy relative to the products value in silver.. A value buying guide might be a useful tool going forward.
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The other search engine, I feel tends to confuse the users and tries way to hard to make searching easy for users but when im searching, if i was a normal user i would extreamly confused by all the addons there seems to be, Microsoft keep it simple
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The first thing in the morning ZH read makes me wonder? Is the confidence and faith in the Government and Media so destroyed that it can not be rebuilt? Not to say that I believe any one of the sons of bitches. Just sayin that some how some way, trust has to be re-invented.
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It's retarded shit like this that really detracts from the quality of the site.
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we all know that pure communism does not work, and pure capitalism does not either because capitalism is in effect a small group of parasitic individuals that exploit and destroy the masses of poor in order to create untaxed dynastic wealth for the few.
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