CNN Reassures Investors: "Don't Panic... America's Economy Is Still In Good Shape"
Submitted by Mac Slavo via SHTFPlan.com,
Forget for a moment that U.S. stock markets have seen their worst start to a new year since the Great Depression or that some $2.5 trillion in wealth has been evaporated in less than two weeks.
CNN says it’s hardly the time to panic:
Time to panic? Hardly.
There are plenty of reasons to relax, especially if you are a U.S investor. Here are the top two:
1. America’s economy is still in good shape.
2. Staying in stocks pays off. Since World War II, investors who remained in stocks for at least 15 years made money
...
Right now, the U.S. economy is growing. It’s not rock star growth, but 2% to 2.5% a year is good, and the Fed is being very cautious.
More importantly, businesses are still hiring. Over 2.3 million jobs were added last year (the latest data on hiring comes out Friday and it’s widely expected to show more jobs added).
Pay no attention to the fact that last week not a single cargo ship was transporting raw materials in the South China Sea, the first time in history that it has happened. The economy is is great shape and this is not proof that global commerce has literally stopped.
Worry not that Walmart, Macy’s and scores of other retailers had an abysmal holiday season and are now set to lay off tens of thousands of workers. Unemployment, when calculated using models that were used during the Great Depression and that were defined out of existence by the government in 1994 show that some 23% of Americans are out of work. But we don’t calculate like that anymore, so we actually have an employment rate of about 95% in America right now.
And though the economy is officially growing at 2.5% per year based on the government’s trustworthy data, we should absolutely not look at the inflation numbers, which according to Shadow Stats are running about 4% per year. If we did, however, go totally fringe and consider inflation within the context of the economy we might notice that this purported growth is actually negative 2% if not worse.
In fact, we’re doing so well that just 45 million of America’s population of 320 million people are on food stamps right now. By all accounts, a really good sign of not just economic growth, but more jobs and an increase in personal incomes.
And with oil trading at under $30 per barrel, we can see nothing but blue skies going forward because, hey, we’re all paying a dollar less for gas now. We’re sure this will have no effect on the domestic real estate market in places like Texas and North Dakota. Nor will this collapse in oil prices cause debt burdened domestic oil companies to close up shop, potentially leading to a domino affect across the entirety of the U.S. economy. Nor will it have any impact on periphery businesses that service those companies, including all of those restaurants that saw below-minimum wage job growth explode last year.
You have absolutely nothing to worry about. The notion that an economic and financial catastrophe of historic proportions is playing out right before our eyes is the fantasy of internet conspiracy fanatics.
At this point, we encourage our readers to take no action to prepare for the coming calamity, because there is no coming calamity.
Carry on. Everything is awesome. It really is different this time.
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Certificates dont mean anything these days. If you do swear by them, your trades are delayed pending transfer of physical shares. You certainly won't be able to get out in time, these days it's waiting for that collapse moment, not holding for that meteoric rise. But no one listens to me.
What if your certs are holding claims to diamonds dipped in oil with gold sprinkled on top?
And offer lifetime royalties
Not needed if you own anything less.
Sure
Clearly, the people on CNN haven't looked outside their windows lately. And the same thing can be said for Congress and the White House.
America is not only drowning in debt ... it's also drowning in GREED and widespread INCOMPETENCE.
It is no longer possible to get a straight honest answer from anybody.
Examples ...
* This past week I tried to send money to another location. The money transfer system (online) declined the service, even though my bank balance is good. I tried to reach their Call Center to track my transaction. They dropped my call 5 times in a row. Not exactly accidental. The next day I tried to visit two of their local stores to investigate the problem (in person). One store had no authority to fix any problems. Really! The second store owner completely refused to help ... "because the company takes 45 minutes to do anything on the phone".
* This week I tried to call my phone company to make some changes to my wireless plan. I got sidetracked by a bunch of automatic voices, not a single human being in sight. When I finally did get a real representative, they refused to make the correction and demanded that I call back next week.
* This past week I called an old employer to find out what happened to a family health plan. Turns out that they mailed the paperwork to the WRONG address, and never bothered to check. Even though I called them six times last month to tell them it was important, and gave them the forwarding address in plenty of time.
The plain fact of the matter ... is that a huge number of people in America have got their Head up their *ss. That's the truth.
I don't know what this country calls itself any more, but it's not the America where I grew up.
Call Cumcast to resolve a technical issue with your internet.
I hate them now with a passion.
I know that Google is evil but I hope Google runs free internet in every major US city and puts Cumcast into bankruptcy.
Those shit eaters at Comcast, after i called about a problem, signed me up to their X1 system....without a word! I had no clue until a box with new modem showed up @ $10 a month!
Then they dilly dallied about taking it back.....shit eaters...as it is, popups on screen beg me to try out the X1 System.
No wonder they are paying people $500 to scrape up new 1 year subscribers...
"Free" with GOOGLE is relative, Google will know your every keystroke for "Free" Be careful what you wish for.
Anonymous VPN... They will not know shit beyond my bandwidth use.
Anonymous VPN... They will not know shit beyond my bandwidth use.
"look...it's all good, plus we have QE4 coming, so BTFD's, relax" -- CNN
dup
In that photo Obama looks like he has AIDS.
WTF does the "Communist News Network" know about the economy? The same as BHO, NOTHING!
The rule of opposites rules.
I dont need money in 15 years, I NEED MONEY NOW !
-America
The only reason for sanctions against Russia is their move from the petrodollar, the US don't give a fuck about Ukraine. If Putin can pull off this move together with China, the US will face a different set of rules, not collapse but some need to live within its means and deal with the vast debt.
In that case, people should be very panic. This message is to tell the 0.1% to dump anything and go somewhere warm to hide for a long break before the SHTF.
Does anyone besides Osama Bin Ladin, people trapped in hotel rooms and airports watch CNN?
I haven't watched in years. I don't watch Fox either. Or anything else that is a television news broadcast. There is nothing more tedious than having someone read 5% of the information available on a particular story. And having that 5% be false. When the Benghazi story first broke, google maps informed me that that place was no consulate. CNN at that point was a distraction. With most stories I'd prefer to sort through first hand reports on Reddit and Twitter.
reddit is a mash up for socialist main stream media - stick with Tyler.
I only use it to look for street level pictures and reports when there is an ongoing incident. I have no interest in 99% of what is there.
Too many still do, imo. Preach the information gospel to those you can, I do.
CNN??
Ah, that has-been-news-channel ??
Just another news channel only watched by people who don't want to know the real news/situation.
PS inflation on shadowstats is BETWEEN 4 and 10%. It depends on the metholology, the 1980 or the 1990 based. The 1980 is less "changed" so should be a bit more honest. So inflation upward to 10%......
95% of the mainstream media is run by greedy lying socialist jews. WHY Would anyone expect anything else? These people work for the greedy socialist jew bankers, not for America.
CNN is totally wrong.
But at least they know they're lying!
If CNN assured me there were 16 ounces in a pound I would sell every fucking thing I could weigh. Federal bankster owned mouthpiece spewing propaganda, nothing more. React accordingly.
Reed Smith, a global firm with a large presence in Philadelphia, said Thursday that is has laid off 45 lawyers in offices in the U.S. and abroad, about 2.5 percent of lawyers at the firm.
http://www.philly.com/philly/business/20160115_Reed_Smith_announces_layo...
...a good start....
Our negro president holding a colt 45 beer summit. See the irony? Let's go back to 2008.
THE MYONIST CONSPIRACY - YouTube
Glad to see Bill Clintons foundation trolling up: working at this hour. Would of thought Orgy Island would have tired them out.
Obama looks like he just sucked off Jamie
Yes and now he enjoys a little guinness to wash it all down.
CNN is known as the Cloward-Piven News Network.
Keep tapping your HDTV to get reception.
EBN - Channel Zero
I think the headline with the picture of a shitfaced Obama is hilarious.
With his "I Love Allah" ring prominently displayed.
CNN is pure shit.
Bullshit-barry is out of marxist tricks to direct yellen to buy up more bonds and stawks.
Bullshit-barry - the one US president who racked up more debt than all other US presidents throughout the past 250 years combined.
Nice job Bullshit-barry you fucking satanic terrorist.
Obama knows this one weird trick...
https://www.garyjohnson2016.com/
How's cnn stock? Cnn doesn't even trade, they are private. How can a private company give stock trading advice when they aren't even in the game? Might want to spin it out in an ipo then come back and tell us... :(
LMAO!......Yeah, leftwing hotair will keep us afloat......
And you can keep your doctor also.......
Howard Stern writing their bylines again?.....