Al-USA

The Truth About Unemployment Numbers

Excellent article Mr. Goodman. Keep up the good reporting. My own economic model forecasts the floor dropping out of the economy, again, during first or second quarter 2010. If such happens, there will be no doubt that the Greater Depression will have arrived. Prepare yourself as best you are able.

On the "bright" side, even during the 1930's Great Depression there were many substantial Bear rallies of +20% or more, so, at least for the nimble, and with sad irony, I believe there will be some very good times to make very good money. Good luck to all.

Financials Watch: AIG Brouhaha Distracts from Other Improprieties

Good article.

So much for the "free" markets. And so much for capitalism...

The AIG Bailout: Why Was the Onus Placed on Taxpayers?

Regarding why USA taxpayers have to bail-out the part of the ruling class that got in over their "heads", well, that was the plan of the ruling class all along: to privatize profits and socialize losses onto the backs of every other class below them, but especially the working/middle classes.

You think that is conspiracy theory? No, it is better than theory, it is conspiracy FACT.

See article below:
"Banks Counted on Looting America’s Coffers"
tinyurl.com/bkezmt
or
www.nytimes.com/2009/0...



Nuh-huh:

"Second, the citizens of this country ultimately run this country - it's called a democracy - and for the last 8+ years we did a pretty crappy job of it.
"

The government is run by 17,000 lobbyists Nuh-huh; in the employ of the rich plue influential who also happen to run Americas major corporations. As such, if you think the people have more say than the 14,000 lobbyists, then you also believe the Bernanke/Paulson $700 billion bail-out was passed b/c of the wished of the people and you might also then even consider Venezuelan President Hugo Chavez to be capitalist in temporary disguise as a socialist...

U.S. Market: So Much Stupidity in Such Little Time

It doesn't look good folks. I'm ready to take to the streets as soon as the demonstrations start.

However, history tells us that once the ruling classes, or capitalist elites, have become parasitic, the civilization is on its decline and eventual destruction. The best and greatest example is the Roman Empire in the classic book, "The Rise and Fall of the Roman Empire".

History also has numerous examples of how one particular civilization, for example The Ottoman Empire, has rein its corruption among its elites, relative to other comparable powers, and elbows its way to a position of dominance on the world stage.

The lesson is clear, great civilizations tend to collapse from within. That is the danger now facing the USA. It can be revived, as once the Western Roman Empire collapsed the remaining Easter Roman Empire rejuvenated itself and did manage to hold onto the Balkans and Asia Minor (Turkey) as the Byzantines for another 1,000 years. But, maybe Americans are not good enough or deserve to continue to have the greatest civilization in the history of the planet.

PS I recommend the article below as the latest example of parisitic behavior of the ruling classes.

" Preventing The Greatest Heist In History"
clusterstock.alleyinsi...

ETFs Defied Stereotypes in 2008

--- PrudentMan

Indeed, your suspicions are correct. The "financial crisis" is nothing but the largest "screw" job on the American taxpayer since the history of capitalism...

To top it all off, not only did the ruling class, or capitalist elites, engage in activities that might yet bring down the greates civilization in the history of the planet, but they "screwed" the "peasants" into bailing them out to the the of $trillions of newly printed FED money which will, in time, result in the final "screw job" of all: a terrible hyperinflation scenario which will crush hard-working American families and evaporate whatever savings they have left.

Sad...

The Bottom's Within Sight - Barron's

Barron's is a corporation, serving the interests of the corporation. Why would anybody put any credence to what they have to say?

Where were they (mass media ala Barron's) when the market failed to take out the highs in Oct 2007 and instead had a massive reversal? That was a classic sign that the BULL was over. Of course, it was yet to be confirmed, but the point is where were the Barron's and the like?

No where, they were saying BUY, and they are still saying BUY... Don't listen to analysts or mass media, do your own research and invest according to your own financial situation.