2009 Depression Validated

Sheila Bair: FDIC Reserves To Hit Zero
zerohedge.blogspot.com...

Dollar Declines Most Since 1985 Plaza Accord on Fed Bond Buying
www.bloomberg.com...

Financial Crisis Worst is Yet to Come, Market Forecasts Into 2015
www.marketoracle.co.uk...

Dairy farms are drying up across the state
www.newsobserver.com...

LAYOFF DAILY
Sat 3-21-2009

Express News San Antonio -133
Wausau Financial Sys. -24
APB -24
FPL Foods LLC -5%
LDS Test and Measurement -51
Ft. Wayne Indiana Schools -50
Staff Development For Educators -27
Grand Sierra Resort In Reno -50
Wilson County NC Unemployment 12%
Alcan -50
C.R. Onstrud Inc. -15
Hawaii Feb. Layoffs -1,200
Ohio Unemployment Rate 9.4%
Winnebago County -70
Parkdale Mills Closing Plant -75
Rea Magnet Closing Plant -85
Finning Canada -69
Amaze Entertainment/Evri Make Cuts
Wm. Wrigley Jr. Co. -10%
U.S. Postal Service -1,400
Wash. DC Needs To Cut -1,600
Denver Post Plans Cuts -200

Italy Layoffs First 2 Months '09 -560,000

[edit on 3/21/2009 by Hx3_1963]

HX3...Thank-you so much for this thread, and all the links you have posted... There's a bad odor in the air, and nothing good is going to come from it I fear..
I started stocking up on goods about 3 months ago, for the "Just in case"..looks like the just in case, is getting closer..
What do you see happening with the ecomomy, as it pertains in our day to day lives, within the next month or so...?
Here in rural NW Ohio, jobs are few and far between..any advice is welcome, and thank-you again, for all your efforts..

reply to post by MissysWorld
Star 4 U!

As stated, I know not which way the Ill wind blows these days...

...But, I do not think this will turn out well for any of us...

Short term...keep an eye on 7th page headlines...they won't put it out for all to see...believe me...I have to scour endlessly to find some of this stuff...

I live just north of you in 2nd tier Lower/Lower Mi, so, I know our local situation...not very nice...over 12% Unemployed here...


I hope this will get better...

...and that's all I got to say about that...
(Gump'isms)

Thank-you for your reply! Stars for you too!

reply to post by Hx3_1963


Thanks so much for the reply. You've sure done alot of work on this thread,I think your on to something with this. I really would like an answer to Kanjoskis drawdown though. I really feel this is the biggest key.
I agree, it could be Isreal or China. Then out of nowhere an odd thought crossed my mind... Think if Bin Laden where a double agent,currently loyal to the cia. It'd be easy for him to recruit radicals,wouldnt it? Promise them virgins maybe? I dunno,I just speculated a minute and it seemed much more plausable this way.
It could be Isreal miffed about a no fly zone over Iraq,a threat to electing Obama? Maybe..Notice Obama reaching out to Iran? Very odd considering. They say politics is a full contact sport,I tend to believe them.Heavy hitters are at work here.
The economic sunami is an intricate twist thats classic banker acts, I mean really, it fits Jeffersons warnings does it not?

reply to post by Hx3_1963


Perfect!! I am trying to look at banks here in my state, as well as in my sister's state. She lives where there have been many failures, "hint, hint"so I told her I would investigate the best I could.

you are the best!
FMF

reply to post by nickoli
Star 4 U!

Both yer theorys are valid...

Bin laden was in with the Bush family and worked both side of the fence...

I'm sure he could compile a nice bunch of radical techies and do a monetary raid...upsetting the money markets where they lock them down to avoid more losses...

Thing is...if you drawdown $550B...it has to go somewhere...I think they know where it went...

That Mar 17th 08 Closed door congressional meeting is another missing puzzle piece...

...and as for Israel...I believe we told their diplomat to walk recently...and they're getting itchy about the possibily of us actually talking to Iran/Syria/Palestine...but not really sure of a connection there...

I'm leaning toward the shadow bankers/china calling in their loans...

We were supposed to pay them $6.5T for our debt...someone Lo-Jak'd us and stole it...now we gotta say nothing...we got took...or tough luck...

Someone didn't like it and went after it...

..and as far as the Banker/Jefferson forecasts...

The Bankers' Manifesto of 1892
circleof13.blogspot.com...

The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.

*As foreclosures mount, Florida court turns to 'rocket docket'*
www.cnn.com...

When, through the process of law, the common people have lost their homes,
they will be more tractable and easily governed through the influence of the strong arm
of the government applied to a central power of imperial wealth under the control of the leading financiers.

People without homes will not quarrel with their leaders. History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.

The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.

By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.

Sound familar to recent events???

Just a few of my stray thoughts on the subject...


[edit on 3/21/2009 by Hx3_1963]

reply to post by fullmoonfairy
Star 4 U!

Yer very welcome!!!

I try my best to assimilate as much data as possible and keep my occular implants active...

I got off on a tangent there but it was a thought.Plausable deniability,perpetual war,GLOBAL war on terror. Economic warfare is just as deadly,if not more so. I thought also maybe Sausi Arabia could have moved so swiftly,it was certainly someone with massive assets,few really fit this bill.

China doesnt ring well with me yet nor Russia,we're so intricately financially intertwined now that we'd effectively cut each others throat.

The global economy will shrink up to 2 percent, and rapidly approved stimulus plans worldwide could spark another crash in financial markets, World Bank President Bob Zoellick projected at a forum in Belgium Saturday.

Zoellick said the World Bank, an international institution that offers aid to developing nations, projects a global economic decline between 1 percent and 2 percent, in contrast with an earlier 1 percent decline projected by the International Monetary Fund, a Washington-based organization formed to stabilize international exchange rates, among other duties.

The world has not seen a 2 percent drop since World War II or the Great Depression, according to the World Bank.

Two of the world’s largest economies, the United States and China, are struggling with recession and have recently implemented stimulus packages worth hundreds of billions of dollars. However, Zoellick likened such stimulus plans to a “sugar high,” saying they would likely lead to another crash.

cnnwire.blogs.cnn.com...

This is interesting, it suggests that our stimuli could cause another crash.
Sugar High!!!

[edit on 3.21.2009 by Avarus]

Headlines for March 22nd 2009

G-20 Summit to Be Protected by 2,5000 Extra Police Officers, Guardian Says
www.bloomberg.com...

Zoellick Calls 2009 a `Dangerous Year' as Economic Crisis Curtails Trade
www.bloomberg.com...

Zoellick slams 'sugar high' stimulus plans
www.cnn.com...

Gregg: 'This country will go bankrupt'
politicalticker.blogs.cnn.com...

Shelby Says Geithner May Not ‘Last Long’ at Treasury (Update1)
www.bloomberg.com...

Credit Unions May Get U.S. Revamp After Seizure of Two Corporate Lenders
www.bloomberg.com...

U.S. leaders say more infrastructure spending needed
www.reuters.com...

Yosano Confident Japanese Companies Can Survive Year-End, Nikkei Reports
www.bloomberg.com...

Aso Says Holding Stocks Is Deemed `Fishy' Among Japan's Rural Population
www.bloomberg.com...

European Government Bonds Rise After Record European Factory Order Plunge
www.bloomberg.com...

Europe is united on how to beat slump, claims PM
www.thisislondon.co.uk...

Darling Said to Prepare Plans to Give Mutual Lenders Greater Role in U.K.
www.bloomberg.com...

German States May Delay Hypo Real Nationalization Law, Der Spiegel Says
www.bloomberg.com...

Generali Cuts Dividend After Full-Year Net Drops 70%, More Than Estimated
www.bloomberg.com...

Children's Investment Fund Sells Stakes in 8 State-Owned Banks, FT Reports
www.bloomberg.com...

Gulf Bank Posts Full-Year Loss of $1.2 Billion After Derivatives Losses
www.bloomberg.com...

Fitch Withdraws Tech Mahindra's Credit Rating Over Satyam Computer Bid
www.bloomberg.com...

Australian Economic Growth Amid Global Slump Is `Impossible,' Rudd Says
www.bloomberg.com...

Venezuela Gov't Takes Control Of Ports
www.cbsnews.com...

IDB's Losing Bets in U.S. Mortgages May Weaken Case for Additional Funding
www.bloomberg.com...

Sony Ericsson to Post $534 Million First-Quarter Loss as Sales Evaporate
www.bloomberg.com...

Watchmaker Citizen Scrapping China Plant on Falling Demand, Nikkei Reports
www.bloomberg.com...

Economy causing people to give up their horses
www.cnn.com...

Anti-drug effort readied at U.S.-Mexico border
www.msnbc.msn.com...

[edit on 3/22/2009 by Hx3_1963]

GOP predicts doomsday if Obama budget passed
news.yahoo.com...

Bernanke: US Must Resolve 'Too Big to Fail' Problem
www.cnbc.com...

JPMorgan Might Lose Dimon to a Geithner Flameout: David Reilly
www.bloomberg.com...

Japan's MUFG says to close branches, cut jobs
www.reuters.com...

GM bondholders raise concerns with U.S. task force
www.reuters.com...

In credit drought, U.S. car dealers battle to survive
www.reuters.com...

Toyota Founding Family's Fortune Takes $447 Million Hit From Falling Share
www.bloomberg.com...

Herbst Gaming Files Pre-Packaged Bankruptcy, Will Split Casino, Slot Units
www.bloomberg.com...

Iraq Freezes 66,000 Police Hires Amid Declining Oil Prices, Minister Says
www.bloomberg.com...

Venezuela Seizes Seaports, Airstrips
www.foxnews.com...

[edit on 3/22/2009 by Hx3_1963]

Headlines for March 23rd 2009

Obama to Rely on Private Help to Buy Up to $1 Trillion of Illiquid Assets
www.bloomberg.com...

Bernanke Pressure for Lower Bond Yields Increases With Joblessness Anxiety
www.bloomberg.com...

Greenspan Says Banks Will Need `Very Large' Capital Infusions to Recover
www.bloomberg.com...

WTO Predicts 9% Drop in Global Trade This Year, Biggest Decline Since WWII
www.bloomberg.com...

IMF says clean up banks to tackle dire world crisis
www.reuters.com...

Bank Bond Spreads Widest Since 1996 Tell Stock Market Rebound in Jeopardy
www.bloomberg.com...

U.S. Central Credit Union may form "bad bank": CEO
www.reuters.com...

GM Bondholders Say Plan Risks Bankruptcy’s ‘Dire Consequences’
www.bloomberg.com...

Daimler Plans $2.7 Billion Share Sale to Aabar as Sales, Cash Flow Decline
www.bloomberg.com...

Tata's Nano, World's Cheapest Car, May Not Help Automaker Pay Down Debt
www.bloomberg.com...

Home Resales in U.S. Probably Fell in February as Mortgage Credit Dried Up
www.bloomberg.com...

Defaulting Commercial Properties Hit Banks as Lost Jobs Increase Vacancies
www.bloomberg.com...

General Growth remained in talks with bondholders - WSJ
www.reuters.com...

Global recession stalls skyscraper construction
www.reuters.com...

U.S. Retail Sales Will Be Little Changed This Year, Pricewaterhouse Says
www.bloomberg.com...

Stock-Option Repricing Lets Employees Sidestep Crash (Update4)
www.bloomberg.com...

Gottschalks Said to Be in Talks With 3 Buyers Who Would Keep Stores Open
www.bloomberg.com...

Weber Says ECB Is Poised to Lower Interest Rates to Counter Economic Slump
www.bloomberg.com...

Euro Currency of Choice as Quantitative Easing Drives Dollar Depreciation
www.bloomberg.com...

Brown Urged by CBI to Refrain From Further Fiscal Stimulus in April Budget
www.bloomberg.com...

Blanchflower Calls for British Government Stimulus as Unemployment Worsens
www.bloomberg.com...

Transport for London Faces Strike Threat Over Plan to Cut Jobs, Freeze Pay
www.bloomberg.com...

European Exports to the U.S. Decline the Most in Five Years Amid Recession
www.bloomberg.com...

Australia Bank Funding Costs Rise, Corporate Bond Default Risk Increases
www.bloomberg.com...

Manufacturer Sentiment Falls by Record as Recession Saps Export Demand
www.bloomberg.com...

Japanese Home Prices Slump to 24-Year Low as Recession Curbs Jobs, Wages
www.bloomberg.com...

Japanese Young Boost Gold Buying Amid Deepening Recession, Retailer Says
www.bloomberg.com...

Aso May Need to Spend More Than $104 Billion on Stimulus, Analysts Say
www.bloomberg.com...

Thailand's Economic Contraction May Worsen Without More State Spending
www.bloomberg.com...

Russian Ministry Selects 600 Companies for Government Aid, Khristenko Says
www.bloomberg.com...

Eastern European Economies to Shrink 6% This Year, Capital Economics Says
www.bloomberg.com...

Ukraine's Prominvestbank Gets $285 Million Loan Tranche From Russia's VEB
www.bloomberg.com...

Georgia's Saakashvili Seeks to Reverse Decline in Investment Amid Crisis
www.bloomberg.com...

Czech Economy May Shrink 2%, Central Bank Chief Tuma Tells Financial Times
www.bloomberg.com...

Commerzbank, Economic Institutes Predict Deeper Recession as Exports Slump
www.bloomberg.com...

Italy Property Market Seen `Worsening' in 2009, Bank of Italy Report Says
www.bloomberg.com...

Venezuelan Bonds Fall on Concern Chavez Measures Not Enough to Narrow Gap
www.bloomberg.com...

Petrobras Union Strikes Over Pay and Bonuses, Says Some Oil Output Stopped
www.bloomberg.com...

Soybeans Jump as Argentine Farmers Plan Week-Long Strike on Export Taxes
www.bloomberg.com...

Deripaska May Lose Grip on Rusal Aluminum Empire With $14 Billion of Debt
www.bloomberg.com...

OZ Minerals Shares Halted From Trade Before Regulator Announcement on Bid
www.bloomberg.com...

Henan Province Steel Workers Blockade Road to Demand Wages, Xinhua Reports
www.bloomberg.com...

Dubai World Unit Files Lawsuit Against MGM Mirage on CityCenter Project
www.bloomberg.com...

Oil Climbs Above $53 a Barrel as Gain in U.S. Stocks Signals Higher Demand
www.bloomberg.com...

[edit on 3/23/2009 by Hx3_1963]

WTO's Lamy presses U.S. as world trade tumbles
www.reuters.com...
www.msnbc.msn.com...

Reform the International Monetary System
www.pbc.gov.cn...

Nobel laureate Krugman slams Geithner bailout plan
www.reuters.com...

Bank of America’s Bernstein Says Sell Bank Stocks After Rally
www.bloomberg.com...

Weak banks should be nationalised-BBVA chairman
www.reuters.com...

Credit bubble looms as investors rush in
www.reuters.com...

Moody's cuts GE rating two notches, outlook stable
www.reuters.com...

U.S. housing rescue threatened by second liens
www.reuters.com...

GM workers must decide soon on latest buyout offer
www.battlecreekenquirer.com...

UPDATE 1-U.S. supermarket chain BI-Lo files for bankruptcy
www.reuters.com...

Newspapers fold as readers defect and economy sours
www.cnn.com...

Gannett plans more furloughs to cut costs: memo
www.reuters.com...

Recession Blues: Drinking Drops In Ireland
www.cbsnews.com...

[edit on 3/23/2009 by Hx3_1963]

Hey! Here I am again, just to visit you and to get all of the headlines...I'm trying to put a few together for the benefit of trying to convince my "hunk of burnin' love" (of 20 years), for sure, that we need to take what little extra cash we have and get to stockin' up asap!

He will listen partly, for now, but I am really anxious, and getting edgy that he won't go along with my plan completely.

Sorry you don't get the "traffic" you deserve over here; nothing personal I'm sure. But you do soo much work I'm amazed that you don't!
: ...please don't give up!

Thanks again!
FMF

reply to post by fullmoonfairy
Star 4 U!

Just for stoppin' by!

Well...if he goes through even a page of this stuff, he'll have to see somethings going on here...

I'm in it now for the long run I fear...

Good Luck!


[edit on 3/23/2009 by Hx3_1963]

reply to post by Hx3_1963


Thanks!...*blush* I got two "stars for you", now..
I feel special..
..no, really! At least here I don't feel out of place because I'm not one of the experts; but I still pay close attention and follow the everything on youe thread as well as the "up to the minute" thread.

I am so wanting to know what is going on and do try to learn..
FMF

reply to post by fullmoonfairy
Star 4 U!

Again!!!

This thread is just another way to contribute...

Knowledge is Power...if people fail to see what I see, it's not going to be because I didn't show 'em...it's because they don't want to...

LAYOFF DAILY
SUNDAY 3-22-2009

Hanesbrands -46
/CPFilms -45
SDS Lumber Co. -150
Silver Lake School District -15
Trane In Ft. Smith AR -30
Carlise Industrial Brake -30
===
LAYOFF DAILY
Mon 3-23-2009

Boise State University -800
Corning Inc. Closing Plant -200
Sutter Medical Center -53
Hallmark Cards Looks At Layoffs
TOUSA Stops Building Homes -200
Newseum -13
Victoria and Co. -70
King's Daughters Hospital -20

Mass Layoffs Fall In KS, MO

Missouri reported 3,538 initial claims for unemployment insurance in February, down from 5,239 in January and up from 1,127 in February 2008.

Mass Layoffs Decline In Colorado

There were 1,237 initial claims for unemployment insurance in Colorado as a result of mass layoffs in February, down from 1,814 in January and 2,023 in December, BLS said.

Boston Teachers -212
ABP Induction -31
Ann Arbor News Will Close
Alatech Loses Fed Contract May Cut -300
Mzinga Inc. -40
SABIC Innovative Plastics -48
Charlotte Observer -82
Advertising Age -5
Lexington Paper -49
Another Round At Schlumberger

The world’s largest oil field services company, which in January announced plans to cut 6 percent of its work force, now expects “a further reduction of a similar amount” in coming months, Chief Executive Andrew Gould said at the 2009 Howard Weil Energy Conference in New Orleans. While the first round of cuts — eliminating about 5,000 of the firm’s 84,000 global employees — should be largely completed by the end of March, Gould gave no specific timetable for the next phase of layoffs. A company spokesman did not yet know how the company’s Houston operations would be affected.

Layoffs Hit Canadian Oilsands
Lexington Herald-Leader -53
Nike Could Start Layoffs -1,400
Carmel Clay Schools -19
Recession Stress Causing Illnesses
Trane Plant Layoffs Start Today -30
Caterpillar Decatur Plant Furlough
Foot-Joy Factory Closes -103
Dell Cutting Jobs
University of Maine
Air Labrador -100
Washington State Up To -8,000
BP Amoco In Illinois -52
Tech Jobs Disapear At AIG (only 6)
Troutman Sanders Law Firm

Fed should focus on monetary policy: Fed, Treasury statement
www.reuters.com...

Obama set to unveil Mexico border drugs/guns plan
www.reuters.com...

Mexico says troops cut drug deaths in border city
www.reuters.com...

BofA investor files to strip CEO of chairman job
www.reuters.com...

UPDATE 1-Top pension funds aim to lead Bank of America suit
www.reuters.com...

New Issue-Citibank and Citigroup Fdg sell $7 bln in TLGP notes
www.reuters.com...

HIGHLIGHTS-BOJ minutes:extending corp funding steps needed now
www.reuters.com...

Japan finmin: need to use reserves for fx stability
www.reuters.com...

UPDATE 1-Mexico retail sales drop 4.6 pct yr/yr in Jan
www.reuters.com...

Manitowoc in covenant crosshairs; more job cuts seen
www.reuters.com...

Smith International says cut 10 pct of workforce
www.reuters.com...

Japanese astronaut tests stink-free underwear
www.reuters.com...


U.S. rehab centers see bankers driven to drink
www.reuters.com...

[edit on 3/23/2009 by Hx3_1963]

Headlines for March 24th 2009

Obama urges G20 leaders to act fast to boost growth
www.reuters.com...

Geithner Races to Show Progress on Plan for Distressed Assets
www.bloomberg.com...

Tim Geithner`s new trillion-dollar US plan is not enough, experts warn
www.telegraph.co.uk...

U.S. Seeks Expanded Power to Seize Firms
www.washingtonpost.com...

IMF poised to print billions of dollars in 'global quantitative easing'
www.telegraph.co.uk...

World Bank wants fiscal stimulus to be disciplined
www.telegraph.co.uk...

Unemployment could double to 4m, predicts David Blanchflower
www.telegraph.co.uk...

Country faces 'riots' unless public finances are solved, Frank Field warns
www.telegraph.co.uk...

UK risks deflation trap until 2012, experts warn
www.telegraph.co.uk...

UK will have the worst deficit in Western world, warns IMF
www.telegraph.co.uk...

2m fall into negative equity
www.telegraph.co.uk...

Councils pension plan faces £100bn black hole
www.telegraph.co.uk...

Recession hammers UK public finances
www.telegraph.co.uk...

UK unemployment jumps at fastest pace on record
www.telegraph.co.uk...

German economy to contract 7pc this year
www.telegraph.co.uk...

Chinese try to live on less than £10 a week
www.telegraph.co.uk...

Postcards from the Edge: the economic crisis that stretches from Wall Street to all streets
www.telegraph.co.uk... streets.html

House sellers resort to swapping
www.telegraph.co.uk...

RBS sued by City of Cleveland
www.telegraph.co.uk...

AIG says "handful" of execs depart controversial unit
www.reuters.com...

[edit on 3/24/2009 by Hx3_1963]

Hi there superfriend! I see you are out saving the world as usual!
My hats off as always and some damn fine work!

Ah, living in the land of the greed and home of the 'fraid!
The roller coaster gets wilder and the pendulum swings even further!
Eh? (to borrow from the canadians)
and, G' day mate! (from the aussies)!

Hmm, sounds like maybe I'm a little jealous!
(we sure got some ninCONpoops in charge of this country dont we?)
Thanks for all you do! Peace! D


[edit on 24-3-2009 by dodadoom]