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Originally posted by TheCoffinman
President Barack Obama said on Friday the gain of 431,000 jobs in May is a sign the U.S. economy is getting stronger
BP, facing a U.S. criminal probe amid mounting lawsuits, dwindling investor confidence and growing questions about its credit-worthiness, delayed word on whether it would suspend an upcoming dividend payment to shareholders, as some U.S. politicians demanded.
"What I don't want to hear is, when they're spending that kind of money on their shareholders and spending that kind of money on TV advertising, that they're nickel and diming fishermen or small businesses here in the Gulf," Obama said.
You are so right is not funny, I feel that we are entering a time in the global manipulation of economies that have not return. We either will sink together or the major economies will never be able to raise to former glories.
Political cowards around the world have chosen Mises’ second outcome – “a total catastrophe of the currency system involved.”None of the countries have the resources to continue to fund current programs. As their economies deteriorate, they will “print money” in order to continue meeting obligations and stimulating. At some point, the money supply will explode vis a vis the goods available.
We have seen many “impossibles” in the last couple of years. Be prepared for the next — a hyperinflationary depression. It is not impossible, it is not an oxymoron and it should surprise no thinking economist. It is nearly upon us.
Your lifestyle will depend on how prepared you are to meet this newest, biggest and most horrific Black Swan. This beast will destroy economies, overthrow some governments, and alter the nature of the world.
Wake up people! Your politicians have no intention of heading this off.
Public criticism of Goldman Sachs has come to China, where the investment bank has been lambasted in articles in state-controlled media.
Parts of the media, apparently emboldened by congressional inquiries and public anger in the west, have openly slated Goldman [GS 142.25 -1.79 (-1.24%) ] , arguably the most successful foreign investment bank in China.
“Many people believe Goldman Sachs, which goes around the Chinese market slurping gold and sucking silver, may have, using all kinds of deals, created even bigger losses for Chinese companies and investors than it did with its fraudulent actions in the U.S.,” read the opening lines of an article in the China Youth Daily, a state-owned daily newspaper, last week.
The euro fell broadly on Monday, hitting its lowest in more than four years against the dollar on concerns about debt and fragile growth in the euro zone, exacerbated by worries about Hungary's fiscal situation.
Weaker-than-expected U.S. jobs data, mounting worries about the potential dent to euro zone growth from austerity measures in some countries and concerns Hungary may be the next Greece prompted investors to dump risky assets.
The higher-yielding Australian dollar [AUD=X 0.8165 -0.0049 (-0.6%) ] fell as equities and commodity prices took a knock while traders unwound carry trades, where money is borrowed in lower-yielding currencies to fund higher-yielding investments.
Originally posted by Vitchilo
The FED is having an emergency discount rate meeting today...
IMO they received orders from Bilderberg to do that, IMO they gonna raise interest rates so the debt becomes more and more unsustainable, so the government have to tax people even more saying that if they don't they gonna go bankrupt...