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Originally posted by thoughtsfull
reply to post by liveandletlive
I've been watching this develop this morning... and have been wondering if the Rapid Action Battalion has been deployed (the one Wikileaks reports Britain has been training)
and I have been wondering if this is the start of an economic contagion or an isolated incident??
"The finance minister lured us into the stock market, he told us it was safe, but now we have lost everything. They artificially jacked up the prices of junk shares and now our savings have vanished," Kabir said.
"Japan is bankrupt, and Europe?"
Japan is bankrupt and that even the Japanese government has been increasing.
It is end of exercise. Read the column by Professor René Tissen: And Europe and America? Also bankrupt!
Column Rene Tissen End exercise As a result of a total state debt of 200% of GDP (which are also growing
rapidly flashing) and an aging population with no way to talk their economy manages to keep the exercise end
for Japan. The immensely stimulating the economy, just more misery, partly because Japan is the vast majority
of debt has had buyout by the private pension funds. So too are bankrupt and that the people know. Misery For
the Japanese now threatens the black hole of personal bankruptcy. What should you do if you are as a person
grows older, but have no prospect of a decent retirement? Is it well with the economy? No, so. America
Suddenly also ensure that the bankrupt America and is as expressed by Minister of Finance Tim Geithner. The
country reached rapidly the self-imposed debt ceiling of 14.3 trillion U.S. dollars, probably around March of this
year. That moment could well be the final blow that mean for America and says the minister himself. He speaks
of the likelihood of acute cash flow problems and warns of the possible consequences. The downgrade the
creditworthiness of America is imminent and had already taken place if the rating agencies had been more
objective. The statements by the Minister are spectacular and are contrary to the official reports of the Federal
Reserve. It speaks of a sustained economic recovery and even employment. Simultaneously, the policy of
monetary expansion (QE2) continued mercilessly. That drives the country deeper into the abyss. Misery The
population observes at first hand three things: 1) work and income are under pressure 2) the housing market
collapsed further 3), the local authorities. Even entire states (the "Cinn-states" California, Illinois, New Jersey
and New York) are currently on. To prevent the debt mountain "out of control becomes necessary at national
level is no longer stimulated, but cut back. Before it is too late. Now cut makes the case more quickly
collapses. Will there be a dubbeldip in America? No, officially the country will see moderate economic growth
and rising employment even. But actually there is a depressed patient who is at the end of a manic episode is.
European advertising? And Europe? Also bankrupt! But we have not told us. Europe hopes that the problems
just continue to restrict certain countries and some banks and the rest through the misery knows how to bluff,
like Spain and Portugal. George Soros yesterday showed once again that Ireland know about him is completely
destroyed, among others, from the policy of the Irish government to own banks afloat. At the same time called
on the British Finance Minister Osborne-Europe 'to underpin the euro, which is an English way of saying that
there really is something to be done in Europe, otherwise wrong. Misery For the European population problems
pile up. Europe has a housing problem, a problem of work, a pension problem, a banking problem, an economic
problem, a tax problem, a money problem, a political problem and so on. Solutions are not there. Belgium's
good to see what Europe is wrong. I can not pair to stay together. Because nobody knows how. But it is also
not part ways. Even their one knows how. Nevertheless succeeds Belgians for years to simply muddle through.
And it's also a nice (and prosperous for the eye) country in which to live. Thanks to Europe. Will the same way Europe Belgian can walk?
Jakarta Composite 3,478.55 4:00AM EST -152.90 (-4.21%)
SE Asia Ends Lower after Lackluster US Jobs Data at CNBC Mon 4:43AM EST
The jobless rate throughout the U.S. dropped in the month of December, according to Labor Department data released last Friday.
According to the data, the rate dropped 0.4 points from 9.8 percent to 9.4 percent.
"Our nation's labor market improved notably in the month of December,” Secretary of Labor Hilda L. Solis said in a statement. “Nonfarm payroll employment increased by 103,000, and the unemployment rate decreased to 9.4 percent.”
Solis said that the reason for the lower jobless rate is due to the Obama administration’s “continued commitment” to job creation. “Our investments have reversed the trend of catastrophic job losses and put this country on the road to recovery,” she added.
The 9.4 percent unemployment rate is the lowest level since May 2009. Throughout much of 2010, the rate has hovered around 9.5 percent.