Not sure if anyone was paying attention... But our Vice President Joe Biden said today that we are in a depression... Which we have been for some time but he is so dumb to let it slip out to the masses..


Deebo

Originally posted by St Udio


it seems the components (corporations & small businesses) of the economic engine are deliberately being ignored by the growth maker Banks, who could - but are not providing - monies to keep the economic engine running.
The banks & wall street financial firms are hoarding the Trillion$ of taxpayer money to play the 100% guaranteed Interest Rate Spreads

i.e. they 'borrow' Zero%-to-one quarter % money from the FED, then buy USTreasures paying 3-4% and pocket the guaranteed profits --- then award themselves outrageous Bonuses because their BottomLine is positive.

On the other hand, the Trillion$ the select 20 or so banks have (in their greedy hands) are actually propping up the ever depreciating dollar ,with the Treasury paper & bonds they buy almost monthly....
but, these financial entities are also buying commodities and other real assets, including the magical stockmarket return to the 10,000 level.

all this activity to the Detriment of the masses, and the economy, and to the future of the social fabric and social order...


of course, one shining point of light is the company Apple Inc, because they have a Best-of-the-Best product... a $259 ipod among other expensive must-haves which the Elites & aspiring elites need... to ascend their heirarchies of power.

as for the masses...

feed them cake & give them Circuses
american idol, reality TV on plazma screens, conspiracy sites on the www,
2012....

The above is an excellent explanation of the way things really are. The banks have been given our money , and are enriching their bottom line at our expense. it's what they had planned all along, and we as Americans fell for the "too big to fail" crap.

It's all about control, the elite bankers want it, and our government, controlled by those, and other elites, are determined to give it to them. The proof is in the pudding.

Welcome to your new life as a slave to your new government, comrade.

Alot of folks are talking about hyperinflation but honestly I think that's a pretty slim chance. The Fed will do EVERYTHING within their power to stop that from happening.

I see two possible outcomes to our monetary situation:

1. The Fed has to "claw back" all the money they've printed.
The only way to do this is to raise interest rates. I mean REALLY raise interest rates. Right now 30-year mortgages are floating at just over 5%. In a year I won't be surprised for mortgages to be in the 13-15% range, maybe higher. Car loans will be at 20%+. This I think is the most likely outcome. It's how the Fed fixed our busted monetary system when they did the same thing (printed too much money) during the early 1980's recession.

2. The dollar goes bye-bye.
Pressure from China and other debtors forces the dollar into the toilet and we invent a new North American currency (the Amero). We all trade in our dollars for Ameros and get to burden Canada and Mexico with our weak monetary policy.

Unfortunately option #1 may do more harm than good. We're already in debt to the tune of trillions to other countries, and raising rates like that will get us to the point where we can barely afford the interest on our own debt.

So you went out of your way to select companies that are going to recover last.

There is a dominoe effect. Certain companies you have to watch, others are gonna lag.

When you see copper go up, then you know building is going up, then you will see the ones you listed follow.

When you see jewelry and diamonds go up, then you know the recession is over.

Even at the height of the economy, there are businesses that are hurting. You can't just select a few and go: SEE.

I work as an industrial electrician through a bunch of stamping shops, and mold shops.. In the last 2 weeks I've noticed that 70% of them are so busy they're hiring.. But, like the last recession, when a little bit more faith comes into our economy, Big brother likes to put the hammer down on gas prices.. How long until we're paying $1.40 a liter again?

I can see another recession in the near future, Especially in Ontario, where they're implementing this new tax... It used to be 8% PST and 5% GST.. Now, there adding them together, 13% sales tax on EVERYTHING.. We charge $59 an hour for a service call, it's fair, it covers insurance, the truck, my wage, the gas, and some other things.. We used to only have to charge GST because it's a service.. Now.. For every hour we charge out we have to tack on another 8% tax..

Like I've always said.. If Canada has the United states worst president, he'd be better than our Best Prime Minister..

They usually try to keep a cow or a bull in a subdued state before they shoot them in the head at the abattoir. Just making an observation.

I think Peter Schiff analyzed it best:

While all the talk at present is about economic corners turned and markets charging ahead, no one is paying much notice to an American economy deteriorating before our eyes. These myopic commentators seem to be simply moving past the now almost-universally held conclusion that before the crash of 2008, our economy was on an unsustainable course. If these imbalances had been corrected, then perhaps I too would be joining in the euphoria. But evidence abounds that we have not veered at all from that dangerous path.

Last week, the Bureau of Economic Analysis reported that consumer spending as a percentage of U.S. GDP has risen to 71%, a post-World War II record. This level is notably higher than other wealthy industrialized countries, and vastly higher than the levels sustained by China and other emerging economies. At the same time, our industrial output is contracting, our trade deficit is expanding once again (after contracting earlier in the year), and our savings rate is plummeting (after an early year surge).

The data confirms that government stimuli are worsening the structural imbalances underlying our economy. The recent ‘rebound’ in GDP is not resulting from increased economic output, but merely from the fact that we are borrowing more than ever. That is precisely how we got ourselves into this mess. An economy cannot grow indefinitely by borrowing more than it produces. Not only is such a course untenable, but the added debt ensures a deeper recession when the bills come due.

This soon-to-be-called depression will not end until the pendulum of consumer spending habits swings violently in the other direction. This will be a jarring change, but it is the splash of cold water that we need to return our economy to viability. I believe that consumer spending as a share of GDP will need to temporarily contract to roughly 50% of GDP, before eventually moving toward its historic mean of 65%. Such a move would indicate a restoration of our personal savings, a decline in borrowing and trade deficits, and an increased industrial output. That would be a real recovery.

In the meantime, the higher the spending percentage climbs, the more painful the ultimate decline becomes.

Consumers and governments must spend less so their savings can be made available to businesses for capital investments. Businesses, in turn, will produce more products and employ more people – increasing domestic prosperity. However, rather than allowing a painful cure to return our economy to health, the government prefers to numb the voting public with a toxic saline-drip of deficit spending and cheap money.

The primary factor that enables our government to peddle economic snake oil is the dollar’s unique role as the world’s reserve currency, and our creditors’ willingness to preserve its status. By buying up dollars and loaning them back to us through Treasury debt, productive countries give American politicians carte blanche to play Santa Claus.

Ironically, as foreign governments finance our spending spree, they are simultaneously scolding us for our low savings rate. At the recent G20 meeting in Pittsburgh, all agreed – including President Obama – that resolving the global economic imbalances was a top priority. By definition, this would require Americans to spend less and save more. However, with foreign central banks continuing to buy our debt, the President has shown no political will to encourage this change.

Normally, if politicians run up the government deficit, voters soon suffer the unpleasant consequences of higher inflation and rising interest rates. Yet, if foreign central banks keep supplying the funds, these consequences are indefinitely postponed. As a result, there is no need for American politicians to ever make the tough choices required to solve our problems.

The dollar is looking terrible... There is no REAL growth in our economy. How can there be? We produce nothing.

Watch Nov. 15th... A series of squares between Saturn and Pluto are initiated. Everytime this happens, it doesn't bode well for the economy or for peace.

Something Big could happen around that time.