icubud: (iron man)

Laughable.
Unethical.
Disgusting.
That is the crux of my reaction to the fictitious jobs report released this morning.
Following the disintegration and dismantling of the CES in the debate we have seen:
1. O and his legion calling Romney a liar on every MSM outlet.
2. A "miraculous" job report breaking under the 8% line.

Here is the link to my post about it but an easy summary is this:

Buried at the very last sentence of this epic story's copy from Reuter's is this:

"Still, many of the jobs added last month were part time. The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million."

icubud: (iron man)

Listen – at least one representative in Congress gets it

5:04 minutes

This from Nolte at Breitbart

People can debate whether or not Romney made a diplomatic “gaffe” all they want, but what’s not debatable is that even outside of the world of horserace politics, our collapsing economy is a very serious matter which makes it, you know, newsworthy. The media, however, is showing little to no interest in the fact that over the last few economic quarters our GDP has collapsed from 4.1% to 1.5%.

GDP collapsing from 4.1% growth to 1.5% is free fall.

Three months of job growth under 100k when you need more than twice that number just to keep up with population growth is free fall. Home sales plummeting 8.4% is free fall. Consumer confidence dipping, business inventories increasing, manufacturing contracting, and more people getting disability than jobs, is free fall.

The only way this failed and failing and flailing president can win reelection is to toxify his opponent into someone the public will see as NOT an acceptable alternative to Obama — and this is exactly what the corrupt media is making sure happens by ignoring over 20 million people struggling in their under-employed or unemployed status while keeping its focus on all-things Mitt 24/7.

Even as the economy collapses ands real suffering increases, all the media can do is hysterically amplify every real and perceived mistake Romney makes  and when not doing that, focus intently on the very areas Obama wants the focus on: Romney’s wealth and the fact he’s not releasing more of his taxes than John McCain did.

icubud: (iron man)

Listen – at least one representative in Congress gets it

5:04 minutes

This from Nolte at Breitbart

People can debate whether or not Romney made a diplomatic “gaffe” all they want, but what’s not debatable is that even outside of the world of horserace politics, our collapsing economy is a very serious matter which makes it, you know, newsworthy. The media, however, is showing little to no interest in the fact that over the last few economic quarters our GDP has collapsed from 4.1% to 1.5%.

GDP collapsing from 4.1% growth to 1.5% is free fall.

Three months of job growth under 100k when you need more than twice that number just to keep up with population growth is free fall. Home sales plummeting 8.4% is free fall. Consumer confidence dipping, business inventories increasing, manufacturing contracting, and more people getting disability than jobs, is free fall.

The only way this failed and failing and flailing president can win reelection is to toxify his opponent into someone the public will see as NOT an acceptable alternative to Obama — and this is exactly what the corrupt media is making sure happens by ignoring over 20 million people struggling in their under-employed or unemployed status while keeping its focus on all-things Mitt 24/7.

Even as the economy collapses ands real suffering increases, all the media can do is hysterically amplify every real and perceived mistake Romney makes  and when not doing that, focus intently on the very areas Obama wants the focus on: Romney’s wealth and the fact he’s not releasing more of his taxes than John McCain did.

icubud: (iron man)
Recession is over...
That is what chief empty suit and his minions (sorry cute yellow guys) keep spinning....

HP - 8% of its workforce

P&G - in the main story for this article buries the whole story to the end of the article - actually 10% of the workforce to be reduced

2 cents:
No, things aren't really better out there but MSM in its league/alliance with CES the socialist democrat has decided to hush up the drum beat of the STILL poor conditions of the economy so as to provide a better chance that the chief empty suit can get reelected.



icubud: (Default)
Mr. Krauthammer provides a good concise explanation about the realities surrounding the Super Committee failure and O's lies and deception. [emphasis added] I hope the Republicans take his advice.

By Charles Krauthammer, Published: November 24
Democrats are unanimous in charging that the debt-reduction supercommittee collapsed because Republicans refused to raise taxes. Apparently, Republicans are in the thrall of one Grover Norquist, the anti-tax campaigner, whom Sen. John Kerry called “the 13th member of this committee without being there.” Senate Majority Leader Harry Reid helpfully suggested “maybe they should impeach Grover Norquist.”
With that, Norquist officially replaces the Koch brothers as the great malevolent manipulator that controls the republic by pulling unseen strings on behalf of the plutocracy.
Nice theory. Except for the following facts:
●Sen. Tom Coburn last year signed on to the Simpson-Bowles tax reform that would have increased tax revenue by $1 trillion over a decade.
●During the debt-ceiling talks, House Speaker John Boehner agreed to an $800 billion revenue increase as part of a Grand Bargain.
●Supercommittee member Pat Toomey, a Club for Growth Republican, proposed increasing tax revenue by $300 billion as part of $1.2 trillion in debt reduction.
Leading, very conservative Republicans proposing tax increases. So why does the myth of the Norquist-controlled anti-tax monolith persist? You might suggest cynicism and perversity. Let me offer a more benign explanation: thickheadedness — the inability to tell the difference between tax revenue and tax rates.
In deficit reduction, all that matters is tax revenue. The holders of our national debt care not a whit what tax rates yield the money to pay them back. They care about the sum.
The Republican proposals raise revenue, despite lowering rates, by opening a gusher of new income for the Treasury in the form of loophole elimination. For example, the Toomey plan eliminates deductions by $300 billion more than the reduction in tax rates “cost.” Result: $300 billion in new revenue.
The Simpson-Bowles commission — appointed by President Obama and endorsed by Coburn — used the same formula. Its tax reform would lower tax rates at a “cost” of $1 trillion a year while eliminating loopholes that deprive the Treasury of $1.1 trillion a year. This would leave the Treasury with an excess — i.e., new tax revenue — of $100 billion a year, or $1 trillion over a decade.
Raising revenue through tax reform is better than simply raising rates, which Democrats insist upon with near religious fervor.
It is more economically efficient because it eliminates credits, carve-outs and deductions that grossly misallocate capital. And it is more fair because it is the rich who can afford not only the sharp lawyers and accountants who exploit loopholes but the lobbyists who create them in the first place.
Yet the Democrats, who flatter themselves as the party of fairness, are instead obsessed with raising tax rates on the rich as a sign of civic virtue. This is perverse in three ways:
(1) Raising rates gratuitously slows economic growth, i.e., expansion of the economic pie for everyone, by penalizing work and by retaining inefficiency-inducing loopholes.
(2) We’re talking pennies on the dollar. Obama’s coveted repeal of the Bush tax cuts would yield the Treasury, at the very most, $80 billion a year — offsetting 2 cents on the dollar of government spending ($3.6 trillion).
(3) Hiking tax rates ignores the real drivers of debt, which, as Obama himself has acknowledged, are entitlements.
Has the president ever publicly proposed a single significant structural change in any entitlement? After Simpson-Bowles reported? No. In his February budget? No. In his April 13 budget “framework”? No. During the debt-ceiling crisis? No. During or after the supercommittee deliberations? No.
Indeed, Obama was AWOL from the supercommittee — then immediately pounced on its failure by going on TV to repeat his incessantly repeated campaign theme of the do-nothing (Republican) Congress.
A swell slogan that fits nicely with the Norquist myth. Except for another inconvenient fact: It is the Republicans who passed — through the House, the only branch of government they control — a real budget that cut $5.8 trillion of spending over the next 10 years. Obama’s February budget, which would have increased spending, was laughed out of the Senate, voted down 97 to 0. As for the Democratic Senate, it has submitted no budget at all for 21 / 2 years.
Who, then, is do-nothing? Republicans should happily take on this absurd, and central, Democratic campaign plank. Bring Simpson-Bowles to the House floor and pass the most radical of its three deficit-reduction alternatives.
Dare the Senate Democrats to vote down the grandest of all bargains. Dare Obama to veto his own debt commission. Dare the Democrats to actually do something about debt.

icubud: (Default)
Mr. Krauthammer provides a good concise explanation about the realities surrounding the Super Committee failure and O's lies and deception. [emphasis added] I hope the Republicans take his advice.

By Charles Krauthammer, Published: November 24
Democrats are unanimous in charging that the debt-reduction supercommittee collapsed because Republicans refused to raise taxes. Apparently, Republicans are in the thrall of one Grover Norquist, the anti-tax campaigner, whom Sen. John Kerry called “the 13th member of this committee without being there.” Senate Majority Leader Harry Reid helpfully suggested “maybe they should impeach Grover Norquist.”
With that, Norquist officially replaces the Koch brothers as the great malevolent manipulator that controls the republic by pulling unseen strings on behalf of the plutocracy.
Nice theory. Except for the following facts:
●Sen. Tom Coburn last year signed on to the Simpson-Bowles tax reform that would have increased tax revenue by $1 trillion over a decade.
●During the debt-ceiling talks, House Speaker John Boehner agreed to an $800 billion revenue increase as part of a Grand Bargain.
●Supercommittee member Pat Toomey, a Club for Growth Republican, proposed increasing tax revenue by $300 billion as part of $1.2 trillion in debt reduction.
Leading, very conservative Republicans proposing tax increases. So why does the myth of the Norquist-controlled anti-tax monolith persist? You might suggest cynicism and perversity. Let me offer a more benign explanation: thickheadedness — the inability to tell the difference between tax revenue and tax rates.
In deficit reduction, all that matters is tax revenue. The holders of our national debt care not a whit what tax rates yield the money to pay them back. They care about the sum.
The Republican proposals raise revenue, despite lowering rates, by opening a gusher of new income for the Treasury in the form of loophole elimination. For example, the Toomey plan eliminates deductions by $300 billion more than the reduction in tax rates “cost.” Result: $300 billion in new revenue.
The Simpson-Bowles commission — appointed by President Obama and endorsed by Coburn — used the same formula. Its tax reform would lower tax rates at a “cost” of $1 trillion a year while eliminating loopholes that deprive the Treasury of $1.1 trillion a year. This would leave the Treasury with an excess — i.e., new tax revenue — of $100 billion a year, or $1 trillion over a decade.
Raising revenue through tax reform is better than simply raising rates, which Democrats insist upon with near religious fervor.
It is more economically efficient because it eliminates credits, carve-outs and deductions that grossly misallocate capital. And it is more fair because it is the rich who can afford not only the sharp lawyers and accountants who exploit loopholes but the lobbyists who create them in the first place.
Yet the Democrats, who flatter themselves as the party of fairness, are instead obsessed with raising tax rates on the rich as a sign of civic virtue. This is perverse in three ways:
(1) Raising rates gratuitously slows economic growth, i.e., expansion of the economic pie for everyone, by penalizing work and by retaining inefficiency-inducing loopholes.
(2) We’re talking pennies on the dollar. Obama’s coveted repeal of the Bush tax cuts would yield the Treasury, at the very most, $80 billion a year — offsetting 2 cents on the dollar of government spending ($3.6 trillion).
(3) Hiking tax rates ignores the real drivers of debt, which, as Obama himself has acknowledged, are entitlements.
Has the president ever publicly proposed a single significant structural change in any entitlement? After Simpson-Bowles reported? No. In his February budget? No. In his April 13 budget “framework”? No. During the debt-ceiling crisis? No. During or after the supercommittee deliberations? No.
Indeed, Obama was AWOL from the supercommittee — then immediately pounced on its failure by going on TV to repeat his incessantly repeated campaign theme of the do-nothing (Republican) Congress.
A swell slogan that fits nicely with the Norquist myth. Except for another inconvenient fact: It is the Republicans who passed — through the House, the only branch of government they control — a real budget that cut $5.8 trillion of spending over the next 10 years. Obama’s February budget, which would have increased spending, was laughed out of the Senate, voted down 97 to 0. As for the Democratic Senate, it has submitted no budget at all for 21 / 2 years.
Who, then, is do-nothing? Republicans should happily take on this absurd, and central, Democratic campaign plank. Bring Simpson-Bowles to the House floor and pass the most radical of its three deficit-reduction alternatives.
Dare the Senate Democrats to vote down the grandest of all bargains. Dare Obama to veto his own debt commission. Dare the Democrats to actually do something about debt.

icubud: (web bot)
17 quotes on the upcoming financial crisis

Here is one from the guy I tend to keep an eye on who has done pretty good on analysis and truth of what is actually occurring and/or will happen:

Gerald Celente, founder of The Trends Research Institute: “The whole system is going down. Pull your money out your Fidelity account, your Schwab account, and your ETFs.”
Are you starting to get the picture?
When so many top financial professionals are freaking out like this, perhaps the rest of us should start paying attention.
They are telling us that “time is running out”.
They are telling us that “there is definitely going to be another financial crisis”.
They are telling us that this “is going to be worse” than 2008.
They are telling us that “the whole system is going down”.
Yes, a devastating financial collapse really is coming.  Just like in 2008, it will seem like the “end of the world” while it is happening, but it won’t be.  It will severely damage our financial system and our economy, but it will not finish us off.
Think of it this way.  When you build a sand castle at the beach, it doesn’t get totally wiped out by the first wave or the second wave that hits it.  Each wave does significant damage, but the destruction of your sand castle is a process.
It is the same thing with the U.S. economy.  We once had the most incredible economic machine that the world has ever seen.  It is constantly being gutted and the financial crisis of 2008 hit us really hard, but we are still doing okay.
After this next financial crisis we will be in even worse shape.  But we will still be breathing.
More “waves” will come after this next financial crisis.  If we continue on the road that we are on, our economy will progressively get worse and worse.
Not everyone will agree with this analysis, and that is okay.  In the end, time will reveal the truth to all of us.
Right now, we all need to get ready for the next wave that is about to hit us.  A lot of people are going to lose their jobs over the next few years.  Hopefully you are prepared for that.
icubud: (web bot)
17 quotes on the upcoming financial crisis

Here is one from the guy I tend to keep an eye on who has done pretty good on analysis and truth of what is actually occurring and/or will happen:

Gerald Celente, founder of The Trends Research Institute: “The whole system is going down. Pull your money out your Fidelity account, your Schwab account, and your ETFs.”
Are you starting to get the picture?
When so many top financial professionals are freaking out like this, perhaps the rest of us should start paying attention.
They are telling us that “time is running out”.
They are telling us that “there is definitely going to be another financial crisis”.
They are telling us that this “is going to be worse” than 2008.
They are telling us that “the whole system is going down”.
Yes, a devastating financial collapse really is coming.  Just like in 2008, it will seem like the “end of the world” while it is happening, but it won’t be.  It will severely damage our financial system and our economy, but it will not finish us off.
Think of it this way.  When you build a sand castle at the beach, it doesn’t get totally wiped out by the first wave or the second wave that hits it.  Each wave does significant damage, but the destruction of your sand castle is a process.
It is the same thing with the U.S. economy.  We once had the most incredible economic machine that the world has ever seen.  It is constantly being gutted and the financial crisis of 2008 hit us really hard, but we are still doing okay.
After this next financial crisis we will be in even worse shape.  But we will still be breathing.
More “waves” will come after this next financial crisis.  If we continue on the road that we are on, our economy will progressively get worse and worse.
Not everyone will agree with this analysis, and that is okay.  In the end, time will reveal the truth to all of us.
Right now, we all need to get ready for the next wave that is about to hit us.  A lot of people are going to lose their jobs over the next few years.  Hopefully you are prepared for that.
icubud: (how I often feel)

The Federal Reserve significantly reduced its forecast of economic growth through 2013, acknowledging that it had once again overestimated the nation's recovery from the 2008 financial crisis.

Full story here


2 cents:

Gee, so for the last 3 years you mean we haven't been in a recovery? Note that the opening sentence states "once again" - this doesn't mean they are repeating themselves for our benefit/knowing. This is ok - remember when we said blah, blah, blah - well it was really blah, blah, blah but now we know it was even blah, blah, blah. But see what can you do about it? NADA. What is going on is that the lies can't be covered up much longer. See the plan was to lie, lie, lie and the public would embrace it and believe it and spend, debt, spend, debt and the economy would - wala - revive and none the wiser. BUT the public and actually more importantly - the corporations did not buy it which led to the public behavior of not buying it and the stench from the lie can't be covered up effectively with Lysol.

icubud: (how I often feel)

The Federal Reserve significantly reduced its forecast of economic growth through 2013, acknowledging that it had once again overestimated the nation's recovery from the 2008 financial crisis.

Full story here


2 cents:

Gee, so for the last 3 years you mean we haven't been in a recovery? Note that the opening sentence states "once again" - this doesn't mean they are repeating themselves for our benefit/knowing. This is ok - remember when we said blah, blah, blah - well it was really blah, blah, blah but now we know it was even blah, blah, blah. But see what can you do about it? NADA. What is going on is that the lies can't be covered up much longer. See the plan was to lie, lie, lie and the public would embrace it and believe it and spend, debt, spend, debt and the economy would - wala - revive and none the wiser. BUT the public and actually more importantly - the corporations did not buy it which led to the public behavior of not buying it and the stench from the lie can't be covered up effectively with Lysol.

icubud: (Default)
An interesting article a couple days ago in the USA Today.
A lot of what it is saying you probably already know, yet it is further a quick look because it does delve a little deeper by speaking to average citizens about their status.

A very sober statement that is true that needs to be called out:
Look in the opposite direction, and there are families such as David Silver and Sarah Washburn, tourists from Oakland who brought their 2-year-old daughter, Siena. "It's a misperception that we're not part of this because we're not uninsured or unemployed," said Washburn, 39, who works for TechSoup, which distributes donated computers and software to non- profits. "We're all on the precipice of being unemployed or uninsured."


icubud: (Default)
An interesting article a couple days ago in the USA Today.
A lot of what it is saying you probably already know, yet it is further a quick look because it does delve a little deeper by speaking to average citizens about their status.

A very sober statement that is true that needs to be called out:
Look in the opposite direction, and there are families such as David Silver and Sarah Washburn, tourists from Oakland who brought their 2-year-old daughter, Siena. "It's a misperception that we're not part of this because we're not uninsured or unemployed," said Washburn, 39, who works for TechSoup, which distributes donated computers and software to non- profits. "We're all on the precipice of being unemployed or uninsured."


icubud: (Default)
 In today’s WSJ there is an article titled As Middle Class Shrinks, P&G Aims High and Low. WSJ is now a subscriber access only to full articles so I can’t provide a link to the article because I read it on our internal news site. I can share what I found to be particularly insightful about our economy that is not usually so plainly and clearly stated. The following is direct quotes from the article.

In the wake of the worst recession in 50 years, there's little doubt that the American middle class -- the 40% of households with annual incomes between $50,000 and $140,000 a year -- is in distress. Even before the recession, incomes of American middle-class families weren't keeping up with inflation, especially with the rising costs of what are considered the essential ingredients of middle-class life -- college education, health care and housing. In 2009, the income of the median family, the one smack in the middle of the middle, was lower, adjusted for inflation, than in 1998, the Census Bureau says.
The slumping stock market and collapse in housing prices have also hit middle-class Americans. At the end of March,
Americans had $6.1 trillion in equity in their houses -- the value of the house minus mortgages -- half the 2006 level, according to the Federal Reserve. Economist Edward Wolff of New York University estimates that the net worth -- household assets minus debts -- of the middle fifth of American households grew by 2.4% a year between 2001 and 2007 and plunged by 26.2% in the following two years.
 
To monitor the evolving American consumer market, P&G executives study the Gini index, a widely accepted measure of income inequality that ranges from zero, when everyone earns the same amount, to one, when all income goes to only one person. In 2009, the most recent calculation available, the Gini coefficient totaled 0.468, a 20% rise in income disparity over the past 40 years, according to the U.S. Census Bureau. "We now have a Gini index similar to the Philippines and Mexico -- you'd never have imagined that," says Phyllis Jackson, P&G's vice president of consumer market knowledge for North America. "I don't think we've typically thought about America as a country with big income gaps to this extent."
 
"This has been the most humbling aspect of our jobs," says Ms. Jackson. "The numbers of Middle America have been shrinking because people have been getting hurt so badly economically that they've been falling into lower income."

2 cents:
This information confirms what I have been saying, we never got out of the recession and it is pointing to the reality that depitalism of the past is gone – at least for the foreseeable future. I put the qualifying remark on there because we all know that typically we learn nothing from history so we often repeat the same mistakes etc. That “said” the average citizen in our country has been impacted significantly by the practice of depitalism and its inevitable fracture. We will continue to see high unemployment numbers and little if any economic growth. This is the new reality – the new norm. Households have to identify and come to terms with this and make the necessary changes so that they can begin thriving – not in a # of purchases way but a well-being way.
icubud: (Default)
 In today’s WSJ there is an article titled As Middle Class Shrinks, P&G Aims High and Low. WSJ is now a subscriber access only to full articles so I can’t provide a link to the article because I read it on our internal news site. I can share what I found to be particularly insightful about our economy that is not usually so plainly and clearly stated. The following is direct quotes from the article.

In the wake of the worst recession in 50 years, there's little doubt that the American middle class -- the 40% of households with annual incomes between $50,000 and $140,000 a year -- is in distress. Even before the recession, incomes of American middle-class families weren't keeping up with inflation, especially with the rising costs of what are considered the essential ingredients of middle-class life -- college education, health care and housing. In 2009, the income of the median family, the one smack in the middle of the middle, was lower, adjusted for inflation, than in 1998, the Census Bureau says.
The slumping stock market and collapse in housing prices have also hit middle-class Americans. At the end of March,
Americans had $6.1 trillion in equity in their houses -- the value of the house minus mortgages -- half the 2006 level, according to the Federal Reserve. Economist Edward Wolff of New York University estimates that the net worth -- household assets minus debts -- of the middle fifth of American households grew by 2.4% a year between 2001 and 2007 and plunged by 26.2% in the following two years.
 
To monitor the evolving American consumer market, P&G executives study the Gini index, a widely accepted measure of income inequality that ranges from zero, when everyone earns the same amount, to one, when all income goes to only one person. In 2009, the most recent calculation available, the Gini coefficient totaled 0.468, a 20% rise in income disparity over the past 40 years, according to the U.S. Census Bureau. "We now have a Gini index similar to the Philippines and Mexico -- you'd never have imagined that," says Phyllis Jackson, P&G's vice president of consumer market knowledge for North America. "I don't think we've typically thought about America as a country with big income gaps to this extent."
 
"This has been the most humbling aspect of our jobs," says Ms. Jackson. "The numbers of Middle America have been shrinking because people have been getting hurt so badly economically that they've been falling into lower income."

2 cents:
This information confirms what I have been saying, we never got out of the recession and it is pointing to the reality that depitalism of the past is gone – at least for the foreseeable future. I put the qualifying remark on there because we all know that typically we learn nothing from history so we often repeat the same mistakes etc. That “said” the average citizen in our country has been impacted significantly by the practice of depitalism and its inevitable fracture. We will continue to see high unemployment numbers and little if any economic growth. This is the new reality – the new norm. Households have to identify and come to terms with this and make the necessary changes so that they can begin thriving – not in a # of purchases way but a well-being way.
icubud: (Default)
Not since Jimmy Carter was President....

"Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey."

Bloomberg article here and Globe and Mail article here
 

2 cents:
I watch for the monthly report each month and the report is probably the best gauge as to exactly how Americans are feeling and thinking MINUS all the MSM spin.  

Combining my other post about a false flag event to happen within the next sixteen months it could be something to rid the bad taste of O and the Democrats such as an event that was made possible due to liberal ideology. This would significantly push the pendulum to the right and insure a sweep out of Dems in Congress. Sad to say/write if the pendulum does swing far right to the Republicans, expect totalitarian/fascist legislation, EOs and actions. If the Reichstag is something that fuels an O re-election that means brace for taxes and more taxes and socialism saturating our society.


icubud: (Default)
Not since Jimmy Carter was President....

"Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment slumped to 54.9 from 63.7 the prior month. The gauge was projected to decline to 62, according to the median forecast in a Bloomberg News survey."

Bloomberg article here and Globe and Mail article here
 

2 cents:
I watch for the monthly report each month and the report is probably the best gauge as to exactly how Americans are feeling and thinking MINUS all the MSM spin.  

Combining my other post about a false flag event to happen within the next sixteen months it could be something to rid the bad taste of O and the Democrats such as an event that was made possible due to liberal ideology. This would significantly push the pendulum to the right and insure a sweep out of Dems in Congress. Sad to say/write if the pendulum does swing far right to the Republicans, expect totalitarian/fascist legislation, EOs and actions. If the Reichstag is something that fuels an O re-election that means brace for taxes and more taxes and socialism saturating our society.


icubud: (illuminati and man with hat)

Downgrade of US government credit rating by S&P.

What is happening in our national economy and also in Europe is the repositioning of investors into a new paradigm based on the perception that consumers will not be making the purchases on credit like they did five to fifteen years ago. In addition the realization that the number of consumers has dropped because of real unemployment figures that hover at least at 25% and in Europe as high as 35%. Healthy corporations have been saving cash instead of investing profits and those missing dollars affect the investment portion of finance and economy. Banks will now begin charging these corporations more money to hold these huge sums of cash as a way to recoup fees lost when the corporations would invest. All of these arenas are shifting trying to first become stable and then to be strategic and identify new ways to generate income based on the new paradigm which is becoming the new economy and marketplace.

I think what has happened is that individuals have looked at the result of the whole raising the deficit spending cap and decided that a fundamental, systemic change is beginning to occur in our government. That change is that people are pushing for real changes in how the government does it business meaning that a real drive is happening for the government to have a budget and to stick to it. This means that spending is to become restrained which means some “projects” that result in goods and services will not be realized or if they are they will be a smaller percentage than before. This then would result in less labor required which translates into less FT jobs and benefits and that translates into X number of current consumers being either restricted in their consumption because of loss of job or at least a decrease of some percentage which snowballs into many people and that drives even less demand than currently for products/services which means mfg/etc need less employees working FT etc, etc. So the individuals who are the bankers/investors/money are realizing that the government is not going to be in the position to improve the economy (first paragraph) so they are reevaluating how they are going to use their money.

Some of the next variables are the US 2011 and 2012 elections, Israel and the Palestinian issue, China and Russia concentrated push for replacing the US dollar as the reserve currency, EU whether it develops into a black hole or not – and/or if the individual countries push for nationalism erodes the unity, power & value behind the euro. These don’t begin to address every real variable out there but they are ones that will definitely drive MSM and political spin.

What does all of this mean for people like you and I? We need to pay of our debts as quickly as possible because banks/ creditors will keep raising finance charges in an effort to recoup lost $ at the sales registers. Save cash and make sure a good portion of it is available w/o the need of services of someone allowing you access to it. (so in plainer words - not in a bank but a safe/stash) I have wrote a lot about this stuff in the past but have kept pretty quiet the past few months, just watching what is happening and if it was going to be something better or not. 

 


icubud: (illuminati and man with hat)

Downgrade of US government credit rating by S&P.

What is happening in our national economy and also in Europe is the repositioning of investors into a new paradigm based on the perception that consumers will not be making the purchases on credit like they did five to fifteen years ago. In addition the realization that the number of consumers has dropped because of real unemployment figures that hover at least at 25% and in Europe as high as 35%. Healthy corporations have been saving cash instead of investing profits and those missing dollars affect the investment portion of finance and economy. Banks will now begin charging these corporations more money to hold these huge sums of cash as a way to recoup fees lost when the corporations would invest. All of these arenas are shifting trying to first become stable and then to be strategic and identify new ways to generate income based on the new paradigm which is becoming the new economy and marketplace.

I think what has happened is that individuals have looked at the result of the whole raising the deficit spending cap and decided that a fundamental, systemic change is beginning to occur in our government. That change is that people are pushing for real changes in how the government does it business meaning that a real drive is happening for the government to have a budget and to stick to it. This means that spending is to become restrained which means some “projects” that result in goods and services will not be realized or if they are they will be a smaller percentage than before. This then would result in less labor required which translates into less FT jobs and benefits and that translates into X number of current consumers being either restricted in their consumption because of loss of job or at least a decrease of some percentage which snowballs into many people and that drives even less demand than currently for products/services which means mfg/etc need less employees working FT etc, etc. So the individuals who are the bankers/investors/money are realizing that the government is not going to be in the position to improve the economy (first paragraph) so they are reevaluating how they are going to use their money.

Some of the next variables are the US 2011 and 2012 elections, Israel and the Palestinian issue, China and Russia concentrated push for replacing the US dollar as the reserve currency, EU whether it develops into a black hole or not – and/or if the individual countries push for nationalism erodes the unity, power & value behind the euro. These don’t begin to address every real variable out there but they are ones that will definitely drive MSM and political spin.

What does all of this mean for people like you and I? We need to pay of our debts as quickly as possible because banks/ creditors will keep raising finance charges in an effort to recoup lost $ at the sales registers. Save cash and make sure a good portion of it is available w/o the need of services of someone allowing you access to it. (so in plainer words - not in a bank but a safe/stash) I have wrote a lot about this stuff in the past but have kept pretty quiet the past few months, just watching what is happening and if it was going to be something better or not. 

 


icubud: (Default)

By Jon Hilsenrath and Luca Di Leo

 

28 April 2011          

 

The Wall Street Journal
Excerpts from  article:

The Federal Reserve used its first-ever news conference to signal it will phase out a controversial program of pumping money into the financial system -- and to reassure a skeptical public that the central bank is doing everything it can to control inflation and expand an uneven recovery that has yet to reach many Americans.

By ending the bond purchases, the Fed has effectively decided that it won't do more to boost growth, even though the economy appeared to stumble during the first quarter. Fed officials now will turn their attention to when the central bank might start raising interest rates. Mr. Bernanke made clear he isn't inclined to do that for a long time, unless the inflation outlook worsens.

Critics say the Fed is hastening the dollar's decline by flooding the financial system with so much of the currency through its bondbuying programs.

The Commerce Department is expected to report Thursday that the economy grew slowly in the first quarter, at a subpar annual rate of less than 2% -- a condition that could justify leaving rates very low.

Ending the bond-purchase program in June is now its next order of business. The Fed first announced its bond purchases in November 2008 as one of its many untested attempts to fight the financial crisis. It ramped up the program in March 2009, allowed it to expire, and then resumed it in November.

Fed officials for the most part believe the multiple rounds of purchases -- known as quantitative easing -- helped to ease financial conditions, lift the economy and fight off the threat of deflation, a decline in the overall level of prices. The latest round was accompanied by a soaring stock market and falling unemployment. But the Fed's skeptics say the bond-buying program failed because it helped to push down the dollar by pumping so much of the currency into the economy and pushed up commodities prices, breeding inflation risks.

2 cents:
Printing ridiculous amounts of paper money to give your government purchasing power it does not have while not having to take out more loans to payback with more money printed that will not have to be paid back. This is the process that has created the debt. Since O has been in office the debt has soared and he makes no apologies for it - which is in step with the liberal democratic party. The result nations look at our worthless currency then see the staggering amount of it that has been printed and make the completely reasonable judgment that it is worth less than there own currency and wa-la the US dollar is devalued and there begins the mighty steep and slippery slope.

icubud: (Default)

By Jon Hilsenrath and Luca Di Leo

 

28 April 2011          

 

The Wall Street Journal
Excerpts from  article:

The Federal Reserve used its first-ever news conference to signal it will phase out a controversial program of pumping money into the financial system -- and to reassure a skeptical public that the central bank is doing everything it can to control inflation and expand an uneven recovery that has yet to reach many Americans.

By ending the bond purchases, the Fed has effectively decided that it won't do more to boost growth, even though the economy appeared to stumble during the first quarter. Fed officials now will turn their attention to when the central bank might start raising interest rates. Mr. Bernanke made clear he isn't inclined to do that for a long time, unless the inflation outlook worsens.

Critics say the Fed is hastening the dollar's decline by flooding the financial system with so much of the currency through its bondbuying programs.

The Commerce Department is expected to report Thursday that the economy grew slowly in the first quarter, at a subpar annual rate of less than 2% -- a condition that could justify leaving rates very low.

Ending the bond-purchase program in June is now its next order of business. The Fed first announced its bond purchases in November 2008 as one of its many untested attempts to fight the financial crisis. It ramped up the program in March 2009, allowed it to expire, and then resumed it in November.

Fed officials for the most part believe the multiple rounds of purchases -- known as quantitative easing -- helped to ease financial conditions, lift the economy and fight off the threat of deflation, a decline in the overall level of prices. The latest round was accompanied by a soaring stock market and falling unemployment. But the Fed's skeptics say the bond-buying program failed because it helped to push down the dollar by pumping so much of the currency into the economy and pushed up commodities prices, breeding inflation risks.

2 cents:
Printing ridiculous amounts of paper money to give your government purchasing power it does not have while not having to take out more loans to payback with more money printed that will not have to be paid back. This is the process that has created the debt. Since O has been in office the debt has soared and he makes no apologies for it - which is in step with the liberal democratic party. The result nations look at our worthless currency then see the staggering amount of it that has been printed and make the completely reasonable judgment that it is worth less than there own currency and wa-la the US dollar is devalued and there begins the mighty steep and slippery slope.

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