Lin

Are Unemployment Numbers Bogus?

Re 70-80+ year olds working in supermarkets + retail , they have to to survive , no choice . Alan Greenspan , under Bill Clintons watch , took Food + energy out of the inflation numbers , thus creating the bogus " core inflation ". Do retired folks , who have lost huge amounts of their retirement in the dot com bust + now this debaucle , not have to eat or heat their homes ? Yes , they are displacing younger workers ..Generation X + Y can now look forward to working till at least 70 , and then they can look forward to freezing + starving too ! This is while the Bankers who created this debaucle , get BAILED out !

The Worst Case Scenario (Someone Has to Say It)

user408011

I thought The Mayan calander " predicted " the end of times , December 21 , 2012 . Please correct me if I'm wrong . Nostadomous also predicted the " end " at this time .
Doesn't it say in Scripture , the " next destuction of the world " will come by fire ? Where as the 1st came by flood ?
I have read previously " that there is a very large asteroid coming mighty close to earth + might collide ". Apparently they don't want the maases to know . what's the point ? There's absolutely NOTHING they can do about it . We'll never know what hit us .
For the record : " I have a photographic memory " Once I see something -it stays with me .I have nerve damage to fingers , which keeps my typing much less than it should be . My brain goes soo much faster than my 2 fingers can .

The Worst Case Scenario (Someone Has to Say It)

Big Jake- You are correct on all accounts !

Ken Times - You really think government cares about the boomers who have worked like dogs , educated themselves , their children + took care of their parents ? Yes they have stolen our Social Security surplus . Reagan unlocked the " locked fund " Alan Greenspan , under Bill Clintons watch , took FOOD + energy out of Social Security raises , SS checks would be about 55-70 % higher if FOOD + energy were left in . Oh , Did I forget old + truly disabled folks Don't need to eat or heat their homes . Yes All the takers from the social security fund , NEEDS to STOP . Wives who NEVER worked a day in their lives , Getting 1/2 the husband's check while he's alive , then Gets his whole amount when He's dead . All the welfare " underdeveeloped kids , need off this _ they get food stamps only . SS Should be ONLY for the workers who pay into the system . Catatrosphic illness SHOULD not bankrupt one ! ONLY in the US does this happen . Insurance firms have bankrupted the healthcare system . I see NO Bankers , Goldman Sachs et al , being prosecuted .Where's the OUTRAGE ! Oh yes , WW111 is here , no jobs for the young folks , might get restless if left to their own devices . Obama was chosen for his position . If you don't realize this , you truly have been " dumbed down " Watch more NFL football + Nascar folks !

The Worst Isn't Over Yet

Fred Voetech - you are correct re the boomers " they ain't spending nothing . just yesterday in my subdisvision I came upon a 61 year-old couple who " both Had pensions + doing well ". They were cutting down a fallen tree on the lawn of a ' foreclosed home ' to put in their woodstove for heat this winter ! These folks ' reported doing well".The boomers spending ? Dream-on , NOT going to happen !
Medici + realold , I concur with your sentiments !

Wall Street Breakfast: Must-Know News

Re

Responsible citizen . Really America has always been broke . The past 20 years has been an illusion resulting from derivatives , HUGE amounts of credit + leverage . Now ALL the bubbles have simutaneously burst . There is NO positive , practical solution to this Global derivative meltdown . None ! The US is truly finished now as the rest of the world will not continue to ' finance ' our madness !

Wall Street Breakfast: Must-Know News

RE

The US goverment Does not want the facts out at all ! Look how hard they try to " dumb down " the masses ! A comment I made Sunday PM with 3 + checks in 1-2 hours was edited out by this am ! I agree with Andrew Baker + Responsible Citizen . Like I said yesterday + will repeat " if you worked hard in the US + acted responsibly , you will get Nothing from this government ! This IS the 3rd Reich + we Will have Weimer Germany soon . I will not be dumbed down !

Marc Faber: 'It Will All End in Disaster'

Re

all of you are WAY too optimistic ! I just read where Hilary Clinton had a " private deal " with the Chinese , whom own 1/2 the US now , That they can have imenent domain over private + public US properties to make up for their losses .Funny , none of this makes it to Bloomberg ! This person has many ties to " international financial markets " The Global economies are now planning to " debase away " from the US dollar , Russia , Germany + China will make all future financial decisions ! Hey , even the IMF is stating the world needs another currency besides the US dollar .Food + Fuel shortages are about to commence in the US as it's currency finds it's intrinsic value = zero . My own attorney sister did not listen to me years ago when I told her to sell her condo + that a depression was coming .She is not laughing now , at 59 , she's about to be laid off + will have to walk away from her condo where she responsibly put 20% down + had spotless credit ! WHERE is her bailout !

Is Gold on a Deflationary Death Watch?

Re

Great article Justice .Alex , UK sold most of their gold at VERY low prices , one reason they are bankrupt now . There IS NO practical solution to this global OTC derivative meltdone , NONE !

Grand Illusion: The Federal Reserve (Part 3)

James Qwinn

Excellent article ! billddrummer , I concur with your View .Pirate Jo , No inflation in food + utility prices ? What have you been smoking lately ? Do you heat your residence ? aristophanes , you are correct ! Healthcare should not bankrupt a person if they become ill . Until the Greedy for profit insurance firms , pharmaceutical companies , Greedy hospitals + CEO's of hospitals are forced to do an " about face " The healthcare crisis will not be solved.

Is the Market Going Lower? Silly Question!

MarvinMBA + MGA-1 ,

Sadly , you are both correct . I just viewed a video on Jesse's cafe American where Daniel Kahnsinlann + tassim Taleb were discussing what happened , why+ where we're headed . WE are indeed in deep , deep , s&*t , + are in for what they view as" times similiar to the revolutionary war " , which were much much worse that the 1930 's Fearmongering I am not , Realist I am . Wish I could say otherwise . PLEASE excuse my typing as I've had nerve damage to my fingers .

Cycles, Recessions, and Looking Forward

Curbs -in

You are soo correct ! All readers , PLEASE see website : Countrahour
, see article entitled " The coming Great Depression " by Martin Armstrong .
This writer is one of the best I've read re what's ahead . like I repeatedly state . " 1928 will look like a walk in the park ." This Depression will last 23-26 years ! Curbs-in : I feel like I know you

The Law of Unintended Consequences: 20th Century and Beyond

Jim,

Great article Smarty , gemonk , I agree with you ! Yes this crisis was indeed ' engineered ' in 1913 with the creation of the Fed . Congress signed off on it quickly as it was inacted during " holiday recess ". US goverment officials despise the masses . The public blindly believes they actually care about them . The Illuminaty has been waiting for his collapse for decades .Google FEMA concentration camps + see what " they " have planned for you ! America turn off the damned TV + WAKE UP !

2009 Economic Forecasts Ignore Demographic Shift

Great article Steve ! Chris B you are correct !

Demographics have a huge influence on the economy . The main reason for Japans 20 year , never ending recession , is due to a very large part of the population being very elderly . The same with the US + the baby boomers retiring in mass . The boomers lost large amounts of their savings during the dot com crash . This market crash , along with the housing market crash has decimated most of their collective " net worths ". The commercial real estate crash will be huge . the many states + cities now bankrupt is also very dire . As Steve says , " I see no way out of this ".The " something for nothing " jobs are history as well .

Credit Crisis Watch: Signs of Progress?

ScottEX

Sadly , you are correct !

Things Aren't as Bad as They Seem - Barron's

Muddling Investor
Re , you are spot on ! thing are soo much worse than goverment /media portrays . In the great depression , the US goverment was not indebted to foreigners as is the case now . Some folks had savings + owned their homes outright , which is now not the case . Also the US was the main manufacturing giant of the world . China , malaysia , now are + pay their workers ave 18 cents hour . The Us worker cannot compete with this . The US standard of living is plummeting = Greater Depression . Folks that can't see /accept this , are in total denial .