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18 Signs That Massive Economic Problems Are Erupting Everywhere
Submitted by Michael Snyder via The Economic Collapse blog,
This is no time to be complacent. Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine. In fact, a whole bunch of recent polls and surveys show that the American people are starting to feel much better about how the U.S. economy is performing. Unfortunately, the false prosperity that we are currently enjoying is not going to last much longer. Just look at what is happening in Europe. The eurozone is now in the midst of the longest recession that it has ever experienced. Just look at what is happening over in Asia. Economic growth in India is the lowest that it has been in a decade and the Japanese financial system is beginning to spin wildly out of control.
One of the only places on the entire planet where serious economic problems have not already erupted is in the United States, and that is only because we have "kicked the can down the road" by recklessly printing money and by borrowing money at an unprecedented rate. Unfortunately, the "sugar high" produced by those foolish measures is starting to wear off. We are going to experience a massive amount of economic pain along with the rest of the world - it is just a matter of time.
But for the moment, there are a lot of skeptics out there.
For the moment, there are a lot of people that are declaring that the problems of the past have been fixed and that we are heading for incredibly bright economic times ahead.
Unfortunately, those people appear to be purposely ignoring the economic horror that is breaking out all over the globe.
The following are 18 signs that massive economic problems are erupting all over the planet...
#1 The eurozone is now in the midst of its longest recession ever. Economic activity in the eurozone has declined for six quarters in a row.
#2 Italy's economy has now been contracting for seven quarters in a row.
#3 Industrial production in Italy has fallen for 15 months in a row. It has now fallen to its lowest level in about 25 years.
#4 The number of people that are considered to be "seriously deprived" in Italy has doubled over the past two years.
#5 Consumer confidence in France has just hit a new all-time low.
#6 The number of unemployed workers seeking a job in France has hit a brand new all-time record high. Many unemployed workers in France are utterly frustrated at this point...
"I've sent CVs everywhere, I come to the unemployment agency every day, for 3 or 4 hours to look for work as a truck driver and there's never anything," said 42-year old Djamel Sami, who has been unemployed for a year, leaving a job agency in Paris.
#7 Unemployment in the eurozone as a whole has just hit a brand new all-time record high of 12.2 percent.
#8 Youth unemployment continues to soar to unprecedented heights in Europe. The following is from an article that was recently posted on the website of the Guardian that detailed how bad things are getting in some of the worst countries...
In Greece, 62.5% of young people are out of work, in Spain it's 56.4%, then Portugal with 42.5%, and then Italy with 40.5%.
#9 Youth unemployment is being partially blamed for the worst rioting that Sweden has seen in many years. The following is how the Daily Mail described the riots...
Sweden is reeling after a third night of rioting in largely run-down immigrant areas of the capital Stockholm.
In the last 48 hours violence has spread to at least ten suburbs with mobs of youths torching hundreds of cars and clashing with police.
It is Sweden's worst disorder in years and has shocked the country and provoked a debate on how Sweden is coping with youth unemployment and an influx of immigrants.
#10 An astounding 10 percent of all banking deposits were pulled out of banks in Cyprus during the month of April alone.
#11 Economic growth in India is the slowest that it has been in an entire decade.
#12 Suddenly Australia is experiencing some tremendous economic challenges. The following quotes are from a recent Zero Hedge article...
-“We’re seeing a much sharper contraction in the Australian economy than we’d anticipated four or five months ago”. Coffey MD, John Douglas. The engineering group has seen its shares, which traded above $4 in 2007, hit 10c last week.
-“By 10am, the Fitness First gym in the city is packed full of brokers who’ve had a gutful of sitting at their desk doing nothing – salary cuts are starting and next it will be jobs” Perth broker
-“Oh mate, the funding market is dead. You are now seeing a few deeply discounted rights issues for those that are reaching desperate levels ….. liquidity has completely disappeared” Perth broker
#13 The financial system in Japan is beginning to spin wildly out of control. The Japanese stock market has now declined about 15 percent from the peak, and many believe that the yen will continue to get weaker and that interest rates in Japan will start to rise significantly.
#14 Global cash flow is declining at a rate not seen since the last recession. This indicates that we could be headed for a global credit crunch.
#15 Real wages continue to decline in the United States. Even though we are being told that the U.S. is experiencing an "economy recovery", real weekly earnings have declined from $297.79 in 2010 to $295.49 in 2011 to $294.83 in 2012. (The preceding calculation is based on 1982-1984 dollars)
#16 Wall Street is buzzing about the fact that "the Hindenburg Omen" appeared at the end of last week. So exactly what is "the Hindenburg Omen"? The following are the criteria that are used to determine whether it has appeared or not...
1. The daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.
2. The smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.
3. That the NYSE 10 Week moving average is rising.
4. That the McClellan Oscillator ( a market breadth indicator used to evaluate the rate of money entering or leaving the market and interpretively indicate overbought or oversold conditions of the market)is negative on that same day.
5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs).
When the Hindenburg Omen makes an appearance, it supposedly means that the U.S. stock market is likely to experience a serious decline within the next 40 days.
#17 As I wrote about the other day, the SentimenTrader Smart/Dumb Money Index is now the lowest that it has been in more than two years. That means that lots of "smart money" has been getting out of the market and lots of "dumb money" has been pouring in.
#18 Margin debt on the New York Stock Exchange has set a new all-time high. The following is from a recent Market Oracle article...
Margin debt—that’s the amount of money borrowed to purchase stocks—on the New York Stock Exchange (NYSE) reached its all-time high in April. Margin debt on the NYSE registered at $384.3 billion as the key stock indices hit new record-highs. (Source: New York Stock Exchange web site, last accessed May 29, 2013.) The highest margin debt ever reached prior to this was in July of 2007, when it stood just above $381.0 billion. At that time, just like today, the key stock indices were near their peaks and “buy now before it’s too late” was the prominent theme of the day
Whenever margin debt spikes like this, a stock market crash almost always follows. If you doubt this, just check out the chart in this article.
Wall Street has had a good couple of years, but it has been a "false prosperity" that has been pumped up by reckless money printing by the Federal Reserve. Just like all of the other stock market bubbles that we have seen in recent years, this one is going to burst too. And as Marc Faber recently pointed out, this bubble has been particularly beneficial to the wealthy...
The Fed has been flooding the system with money. The problem is the money doesn't flow into the system evenly. It doesn't increase economic activity and asset prices in concert.
Instead, it creates dangerous excesses in countries and asset classes. Money-printing fueled the colossal stock-market bubble of 1999-2000, when the Nasdaq more than doubled, becoming disconnected from economic reality. It fueled the housing bubble, which burst in 2008, and the commodities bubble. Now money is flowing into the high-end asset market - things like stocks, bonds, art, wine, jewelry, and luxury real estate.
Money-printing boosts the economy of the people closest to the money flow. But it doesn't help the worker in Detroit, or the vast majority of the middle class. It leads to a widening wealth gap. The majority loses, and the minority wins.
The fact that the U.S. stock market has set new all-time record high after new all-time record high in recent months means very little. At this point, the stock market has become completely divorced from economic reality. When this current bubble bursts, the adjustment is going to be very painful. Wall Street will likely whine and complain and ask for more bailouts, but they may find that authorities are not nearly as sympathetic this time.
Much of the rest of the world is already experiencing the next major wave of the economic collapse. Reckless money printing by the Fed and reckless borrowing and spending by the federal government may have delayed the inevitable in the United States for a little while, but those measures have also made our long-term problems even worse.
There was one piece of advice that Ben Bernanke included in his commencement speech to students at Princeton recently that I thought was particularly ironic...
"Don't be afraid to let the drama play out."
Will he take his own advice when the next great financial crisis strikes the United States?
That seems very unlikely.
Unfortunately, things are not going to be so easy to fix this next time.
What happened back in 2008 was just a preview.
What is coming next is going to absolutely shock the world.
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Decisions, decisions....Life is so full of them!
I am not sure whether to cash in on that $30,000,000 Nigerian Bank transfer the son of a Nigerian nobleman's son want to get out of the country (as long as i pay the transfer tax and fees of $3,000) or simply settle for becoming a millionaire Flipping houses from my home in my PJs...or get an online degree in Multi-Cultural Aromatherpay with a "Free" $82,000 student loan.
Decisions, decisions....Life is so full of them!
Excellent!
Yawn... Allow me to smash your 18 signs...
1 - 10: Europe is fixed. Stop fretting! A system is in place for sustained recovery, we just need to see it through. How very un-Euro of you to suggest otherwise.
11: Inda? Who gives a f$ck about India. I can always move tech support to some other third world outpost.
12: It's supply, not demand. Come on!
13: Just profit taking. Abe's plans are working as designed.
14: Say it with me, "Global coordinated monetary policy."
15: Wages?? Stock market at all time high and going to the moon, why would anyone need wages? That's so 20th century.
16 - 18: Eh, who cares. I have a boatload of long dated at the money Bernanke puts. You can see them right there in my E-trade statement below Apple and Netflix, and Amazon.
17. Your IPO investments in Segway, Trump Atlanta, and Ginsu steak knives.
18. There is no third prize. You're FIRED ! Genius investor for hire.
+1 for the wry sarcasm; so wry some batters swung.
Well, since this is an "18+" thread, Number 19 is worse than all the above because it will adversely affect women everywhere. The whole dang sex industry is at risk!!! I refer, of course, to the Mike Douglas Health Alert, about which I wrote this Irish Poem:
Soy Sauce Nerf???
Mike Douglas got cancer from eating
Miss Jones as she lay there entreating.
He just couldn't squelch
His hunger for Welsh
Rarebit, ala mort petite-ing.
Squeeky Fromm, Girl Reporter
Bonus: http://www.youtube.com/watch?v=QKqw7VK9CYE
And does our U.S. "healthcare" industry want to give young men the HPV vaccine?
Of course not!
Nice ear medicine.
Clycntct:
Thank you!!! I wonder how many people saw that musical, and never realized that "Le Petite Mort", a Little Death, is another term for an orgasm. The song is just sooo much more fun when you "get it."
Squeeky Fromm, Girl Reporter
I don't know if that's "tasteful", but it is rather clever, especially your use of "le petit mort". It is also, I suppose, a public service message.
Chindit:
Thank you! Plus, I really liked your comments the other night on the gold thread. You are wise.
Squeeky Fromm, Girl Reporter
Very droll squeeky.
Can you imagine that dinner conversation between MD and KZJ?
"You told them that eating WHAT gave you cancer ????"
Gotta be a grim household there.
uhhhh...is this going to interupt my Kim Kardashian updates?
Sex industry is fine. Five dollar blowjobs in the Eurozone. Happy European Vacation, Clark Griswolds of the world.......
Swueaky Fromm, girl reporter's euro protein vacation payment / diet plan !
I picked one helluva time to quit sniffin glue..........
I picked one helluva time to quit sniffin glue..........
Sounds absolutely awful. Must be why the markets rallied today.
sunny
A new shipment of Hopium® arrived...
Everybody's front running Tuesday.
Margin debt being so high and bond rates spiking are the real red flags to me.
Not to take away from the other indicators, but...
My co workers know where i stand on this falseponzi,but they keep making the comment things are better and then it's complete quiet.Like my cat early moorning knocking shit off my night stand and looking over to see if i move.
Excellent report. The indoctrination, it is working !
Cats are the best. Certainly smarter than us humans.
Yea, cats are better, they taste like chicken.... Just ask my neighbor ...
People in some places are increasingly smelling the blood of bankers and politicians but until they actually taste it, nothing will really happen.
Still early days.
"still early days." ....... you been payin' attention to Turkey lately ? might be some tastin' goin' on pretty soon
#19. Eating pussy gives you Cancer.
Eating beaver, however, gives you a joy ride.
Nasty habit...will be outlawed in NYC soon
Beaver??? You know he also said that the practice could cure cancer. OH, that makes me think of another Irish Poem!
Leave It To Beaver???
Mike Douglas loved munching on beaver!
In its curative powers a believer!
When eaten au jus,
It could cure Asian Flu,
Alzheimers, St. Vitus, and fever!
Squeeky Fromm, Girl Reporter
Good girl... Squeek.
Scotty, two to beam up.
Only bad pussy.
Remember the w/e article on ZH on millionaires? Yeah, well since this is a real growth industry in the US, with no additional taxes on the books, we can expect all these rich, enterprising 'job creators' (that's what Fox called them during the 2012 election) to create all sorts of good-paying new jobs.
Right? ;-)
Job creation is Fed bizness....chairsatan said so.
Ouch, looks like the comprehension of irony or sarcasm is in short supply here also. In a 1:3 ratio, by the looks of it.
Either that, or I've pissed off 3 millionaires from Fox. ;-)
fucking vomit country once there was the marshall plan in 46 the greateast most magnanimous country in the world.
now this. wtf
hated by more humans by far than any country since us killer apes dropped out of the banana trees and went hunting .... 750 bases in 150 countries well done you fucking crawling animals thats quite an achievement in 60 short years when the carriers get parked and a displeased islam arrives in ny harbour 3 billion of them put a bag over your heads and inhale its simpler kindly explain afghanistan...... ciao you supperating cunts hi Mohammed!!!!!!
The sign? People write endless list articles with headlines like:
"Four ways to protect your wealth in the Apocalypse"
"Ten signs that stocks are overvalued."
"Fifteen telltales that the end is near"
and of course: "
18 Signs That Massive Economic Problems Are Erupting EverywhereHackers need to get in the Federal Reserve and change some numbers. The Chinese are usually good at it.
Meh. Why do you have mul tip le spaces between your. words:)&$?
Yankee game starts soon. Need more beer and another bowl of ....
...
...
What else...
NY Sour Diesel.
1. The standard of living in the Eurozone is still higher than almost ever and with more freedom and less wars.
2. Italy is richer than it has ever been.
4. Today's definition of "seriously deprived" in Italy would have encompassed almost everyone 80 years ago.
10. Cyprus is doing banking for Russian mafia, not a case you can draw general conclusions from.
11. Per capita income in India is higher than ever. They even have cars now. Couldn't get bicycle 80 years ago.
12. Australia continues to have one of the highest standard of living and quality of life on Earth ever.
13. Japan has never been richer.
15. True. Gotta give you that one and we all know why, jobs sent to China, etc to benefit stock owning class.
16-18 Who cares? Everyone knows the stock market is rigged and reflects neither the standard of living or the economy for most people and hardly anyone has a significant amount of money in it either directly or now that pensions are mostly gone, indirectly.
http://www.strategic-culture.org/news/2013/06/01/pentagon-increases-auth...
Five signs that you're fucked:
1. You are American, or Armenian, or French or Spanish or Greek or... oh well, you're human.
2. You have a job. Today.
3. You wonder if you're gay (not that there's anything wrong with that, a la Seinfeld)
4. Your wife sucks other guys' dicks.
5. You enjoy watching.
Americans have no ballls to protest anything. Fucking cowards!
Oh yeah? Well, we're blogging -- I mean "educating the public" -- before we start marching.
Damn Geek Squad, when am I getting my hacked PC back? I'm tired of blogging from my cell phone!
See, we're Activists.
ps. I did not down-tick you, Hannibal.
We're a few years from massive protests on the mall. It will take massive runs on food and staples before you see Americans getting pissed. Why do you think the govt. is buying every round they can get their hand on? They know that when they can't provide welfare checks and EBT cards to the "poor" the SHTF and Fast! Right now, the 'sit-on-your-ass-and-do-nothing' checks are still being sent out every month. When that stops, you'll see mahem.
"My advice for graduating seniors: 1. Do what you love. 2. Learn to love bagging groceries." - Iowahawk
That's assuming there will be food left to bag. And remember, if you eat that Montanso shit, you will grow a third arm and a goiter.
To: Princeton
Don't give 'em heck... give 'em paper or plastic.
Hard to explain if you compare that to the whooping 1017 vacancies for truck drivers in France alone, available here: https://ec.europa.eu/eures/main.jsp?acro=job&lang=en&catId=482&parentCat... ...until you realize Djamel is an arab name. Arabs are France's blacks of the 60s; unlawful as it is, it's practically impossible for an arab to get any job in France (and the middle aged and up; so when you add the two...), even before this crisis (hence riots in the suburbs), and has been exposed in news reports, with the help of hidden cameras, even.
What do you get when you colonise the ME? Jobless chickens that come home to roost.
This just proves that he's rather dim.
Change his name to Pepe LePew.
bernanke is obviously gone post that princeton speech which gulp i found good ... think june 30.
one point two trillion dollar annual deficits out to the horizon how grand maybe we get that thief geithner or gruppenfuhrer paulson with his demonic crooked finger
phew for a minute i was edgy
bernanke is obviously gone post that princeton speech which gulp i found good ... think june 30.
one point two trillion dollar annual deficits out to the horizon how grand maybe we get that thief geithner or gruppenfuhrer paulson with his demonic crooked finger
phew for a minute i was edgy
bernanke is obviously gone post that princeton speech which gulp i found good ... think june 30.
one point two trillion dollar annual deficits out to the horizon how grand maybe we get that thief geithner or gruppenfuhrer paulson with his demonic crooked finger
phew for a minute i was edgy
Are you Katherine Hepburn?
MillionDollarBreastisis...on that banner ad chick, but I digress.
Anybody look at Au today???
A room is not a room without a chair.
Well if it's too shocking im checking out of this fuckhole.
"Unfortunately, things are not going to be so easy to fix this next time."
Things never really got fixed. We just filled up on credit swaps, derivative exposure, national debt and kept ploughing on. The insanity!
Yes, 2008 certainly was the preface, the story has become more and more bizarre since, and now, in the words of the Red Hot Chillies 'this chapter's going be a close one'.
Feels a lot like a Hunter S Thompson novel.
...two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, and a whole galaxy of multi-colored uppers, downers, screamers, laughers and also a quart of tequila, a quart of rum, a case of Ballantine ale, a pint of raw ether and two dozen amyls.
Mescaline? What's that some kind of 70's drug?
Dots for tots...
"Wall Street will likely whine and complain and ask for more bailouts, but they may find that authorities are not nearly as sympathetic this time."
They better not. Last time the public screamed at their televisions and representatives. This time, they will be tossing molotov cocktails.
Krugman you academic loon. Stimulus! Stimulus! New York is alright if you like saxophones! Bubble! bubble! baby...
http://www.bloomberg.com/news/2013-02-07/chelsea-gallery-sells-building-...
FMD...
who the fuck reads krugman...
Krugman does.
"Life, Liberty and the pursuit of Zionism..."
Here is one example economic stupidity erupting around my household. These hair pastels are apparently important to 8 year old girls it seems and Mrs. M is supporting it. I don't know about this. No wait, I do know about this because this is fucking stupid. What's next? Cheap perfume, glitter and a stripper pole? I am going to go shut this bullshit down before full retard is achieved. I need my daughter to learn math and languages and not worry about dying her hair.
I finished my post about the bears on Boating if interested. There could be a potentially gruesome part two.
Here is this retarded hair dye shit.
http://www.buyincoins.com/new_en/details/24-colors-fashion-hot-fast-non-toxic-temporary-pastel-hair-dye-color-chalk-02-product-22877.html
Update: I HATE losing as much as anyone but... At any rate, this level of full retard had better be achieved with Russian U.S. $ and not my U.S. U.S. dollars. Even better, why not have the Russians send their Russian U.S. $ directly to China so the Chinese can add to their collection of Chinese U.S $. It would be a lot more efficient that way and AnAnonymous can direct ship the likely carcinogenic toxic dye directly to my address so I can throw it in the dumpster upon arrival. I am starting to get pissed off and just might go purchase some silver dimes in retaliation here folks.
I love the disclaimer.
"This Hair Chalk is not professional hair products, just the color chalk for paint, so don't use too often."
But seriously.... the crap is washable, let the eight year old be a kid, it is summer time.
Alright Arthur. I do not seem to have a choice anyway. Perhaps I should lighten up a bit but at the same time there is a line that needs to be drawn and not on the walls around here because I HATE painting. You can bet the two year old will get ahold of this chalk and decorate the walls around here. Do you have children? After a while, you start to look at them suspiciously and lovingly at the same time.
Eventually, your children will have to make decisions for themselves. For now just love and teach them and plant seeds of truth that will come to fruition many years from now.
I wouldn't be a ZHer if not for my father talking about libertarian ideals and my grandfather telling me about the gold standard.
Take a look at this..
http://www.veteranstoday.com/2013/06/03/1st-super-governmental-world-war...
Then a latest discovery.. Obama turned the Iraq oil feilds over to China after losing over 4, 500 troop to secure the Country. Just appalling and a disgrace to America.
104 more days of super FRAUD Tuesday prosperity according to:
'Dr. Boom'? Roubini Sees Two Years of Stock Gains
18 new signs? How many are there?
We had our Pride parade yesterday, GLBVT whatever, and the most beautiful young woman was marching sans top, They were spectacular. Iwant to live.
Here's my favorite:
#4 - "The number of people that are considered to be "seriously deprived" in Italy has doubled over the past two years."
I think the term 'seriously deprived' is about to be seriously redefined. I'm willing to bet that in most of Europe 'seriously deprived' means you don't have Internet access, a smartphone, and a metro pass.
My dad has told me stories from the 1930s where his mother picked daisies out of a field and boiled them so the family would have something green to go with the mystery meat they had for dinner.
Funny thing is my dad (and mom) didn't know they were seriously deprived....nobody told them - there actually were people worse off in the Great Depression.
"Seriously deprived" is about to be redefined to it's old definition of 'not having a pot to piss in or a window to throw it out of'....and hungry too:(
dandelion salad is amazing.
mystery meat in the 20s is nothing like the toxic shit today.
The wifey canned some dandelion jam a few weeks ago - Not my cup of tea. It was a fine way to spend a Sunday with the fam picking them.
My dad (who was considerably older than my mom) would tell stories about how during the depression his family moved into a garage. Later they lived in a tent. Having an orange was considered a big treat.
Here is another gem..Boy and the hits just keep coming. .
http://theeconomiccollapseblog.com/
Cool blog. I wonder why no Disqus comment section?
Only real problem is declining quality of collateral (despite bogus "AAA" ratings) pledged for "loans" and "bailouts" from central banks, and collateral quality is declining faster these days, raising the possibility of collateral calls, but there ain't no more "good stuff" to pledge, and banks don't dare wana buy the crap back.
So central banks lower their "standards", becoming "bad banks of last resort" where all the trash gets dumped by banks walking away with fresh spendable cash.
Securites laundering? Yes. Illagal? Used to be, but quite legal today.
So there really isn't a problem after all, ponzi goes on.
Well, unless you think currency debasement is a problem, and very few do.
They will, and already are, stealing anything with a title or digital signature. I am trying to get out and am almost there. Then they can confiscate my slowly rusting 2001 Hyundai Accent. At the rate we are going, the Accent would probably be repurposed as a police cruiser complete with a Kojack style single light. Hey, you know what? That is a great idea if you think about it. Do the coppers really need huge SUV ands full size hotrod cars?
Please Tyler,
Can you alert the world that the IRS is apparently pestering other people than the Tea Party. I just got of the phone with my US operator since two months (visiting with family, 3 kids the youngest is 11 months). Since Thursday night I am not able to make international calls due to technical issues and I have been promised callbacks from tech/supervisors every day. Tonight when it still had not happened I got a bit upset, the woman (sneaky false bitch) on the other side then said something was fraudulent. I on the other hand said I'm not a kingpin drugdealer just a bit finance dealing but I do have to handle Europe while Im here.
This creature then tells me IRS is involved, I then again explain I am here visiting with spouse, 3 kids younger than 3,5 and I don't see how I can be a TARGET. I ask for a supervisor who just kept the same mantra re investigating tech issues.
If the IRS is now also following foreigners buying simcards without having any business in the US, just visiting for two months due to maternity leave, I think this is beyond control. 1984 is so outdated.....
The operateror is Ultra.me
Again never use them if you are a foreigner visiting the US, or rather I must say the need of visiting the US has dramatically deteriorated.
Tyler make something out of this, its way beyond return if this is true.
Best rgds
I am going to plus you for that post because I understand exactly what you are saying. I am not sure that any Tyler will push the issue but I would consider. Sounds to me like you have a story and I would be interested to hear it if you want to write one. If you do not want to write one I can also appreciate that fact as well. It would be awfully hard for a Tyler or anyone else to expound upon your post. You have to write the article my friend.
Dude, its all over the place. been that way for 4+ years....
Please Tyler,
Can you alert the world that the IRS is apparently pestering other people than the Tea Party. I just got of the phone with my US operator since two months (visiting with family, 3 kids the youngest is 11 months). Since Thursday night I am not able to make international calls due to technical issues and I have been promised callbacks from tech/supervisors every day. Tonight when it still had not happened I got a bit upset, the woman (sneaky false bitch) on the other side then said something was fraudulent. I on the other hand said I'm not a kingpin drugdealer just a bit finance dealing but I do have to handle Europe while Im here.
This creature then tells me IRS is involved, I then again explain I am here visiting with spouse, 3 kids younger than 3,5 and I don't see how I can be a TARGET. I ask for a supervisor who just kept the same mantra re investigating tech issues.
If the IRS is now also following foreigners buying simcards without having any business in the US, just visiting for two months due to maternity leave, I think this is beyond control. 1984 is so outdated.....
The operateror is Ultra.me
Again never use them if you are a foreigner visiting the US, or rather I must say the need of visiting the US has dramatically deteriorated.
Tyler make something out of this, its way beyond return if this is true.
Best rgds
A bloody weekend of gun violence in New York City has left six people dead. In just 48 hours, 25 people across four boroughs were shot, CBS reports.
http://www.huffingtonpost.com/2013/06/03/new-york-city-gun-violence-25-s...
Da Big Apple competing wit Chicago.
Interesting comments on that thread. +1
outSTANDING!
One of the only places on the entire planet where serious economic problems have not already erupted is in the United States, and that is only because we have "kicked the can down the road" by recklessly printing money and by borrowing money at an unprecedented rate.
_______________________________________
No. It is an 'american' world and a US world order. The world is organized so that the US is the ultimate consumption sink. The rest of the world will be drained to maintain that status.
The relative welfare of the US is strengthened as the rest of the world is plunging.The poor man's losses are the rich man's gains.
'Americans' have put the world on the path of depletion of resources, it is going to be a painful way down but in the US, the effects will be mitigated by forcing others to endure more than their share.
At this point, servants to the 'american' middle class (aka WeThePeople) have figured out no other way to serve their master but to sacrifice part of the 'american' middle class to ensure the other part enjoy a middle class life.
'American' middle class is to be found in 'american' nations first.
Anytime a middle classer in Europe loses one's job, it makes room for a middle class in the US to be secured in its status.
AnAnonymous, singing the only song he knows. said:
...according to shallow propaganda by uninspired propagandists.
This guy would make good subject for Troma film. Call it The Obnoxic Avenger.
Wait till akak hears about this.
"Wall Street will likely whine and complain and ask for more bailouts, but they may find that authorities are not nearly as sympathetic this time."
JP Morgan will be the last man standing. They issue half of the EBT cards (food stamps) in the US.
It's simple extortion: keep us afloat or your unfed mobs will riot and burn LA, Chicago, NYC, etc.
I thank the Lord I don't live in a city.
With arguments like deepest recession in Eurozone ever placed as number one, this article is the 'american' mark of cheap propaganda fantasy.
Eurozone is how old? Less than fifteen. It ensures that the first recession to strike that zone will be the deepest recession ever experienced.
But, hey, this is an 'american' world so this is the kind of stuff you must be drowned with.
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Funny as a sea elephant. This guy loves to swim into this non sense 7 of 7, 365 of 365, 24 of 24, so no drowning here.
OT:
According to the Guardian today, gold moving down to $1,000: http://www.guardian.co.uk/business/economics-blog/2013/jun/03/gold-bubbl...
been cryin wolf for 4 fuckin years stock market at ALL TIME HIGHS fuk u zero hedge
But see there's this Index of 30 'industrial' stocks called the Dow Jonesin and it tells me that the entire country has risen from the dead and is viewing a new sunrise...the birds are singing, and there's pink teddy bears, cotton candy clouds and unicorn Shittles for everyone.
Woohoo!
The first 10 are all Europe. Yip yip, we all know Europe is a basket case and has been so for 4 years, and if anything is getting worse and worse. Eventually, the EU political system will break, with unpredictable results. The last 3 are short term US market indicators. We are overdue for some kind of short term correction. We all know that too. #11-#15 are worth noting, and might be serious indicators of a big slump over the horizon.
As the world spirals into the financial abyss, you have a story out today about Zynga laying off 520 employees, Somehow, selling computer games for social media is not very profitable. How could Zynga get $180 million to buy OMGPOP? The United States is now an ecomic Neverland run by fraudsters. I was speaking to someone who just retired from the Post Office. He said that new hires are put on part time schedules so they get no pension benefits. An article in "The Verge" includes tweets from Zynga employees in New York City who found out they were jobless via Facebook. Zynga is now putting its bets on hooking up with a British company that wants to open a Las Vegas casino that will use Zynga gaming software.
The only rule that applies now in the good old USA iis the Law Of The Jungle.
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The Verge (June 3, 2013) One year ago, Zynga paid $180 million for OMGPOP, the creator of the wildly popular game Draw Something for iOS and Android. Zynga seems to have decided that was a $180 million mistake. After directly writing off up to $95 million of OMGPOP last October, it now appears that Zynga is completely shutting down the studio — among other divisions — in an attempt to save $80 million more.
As we reported earlier this afternoon, Zynga is laying off 520 employees, a full 18 percent of its global workforce, and reportedly shutting down offices in Los Angeles, Dallas, and New York. What we didn't realize is that OMGPOP is Zynga New York.
I watched that Hardcore Pawn show from Detroit last night and its scary to see the people going into that shop. They're in their selling their family heirlooms, family jewelry, Baseball card collections from the 40's and 50's, Wive's and Husband's wedding bands all for the sake of eaking out another month on their home mortgage loan. Wow, what a recovery!
When you see sets of 4 21" spinner mag rims going in the door, you'll know the end is near.