Sumit Batra

Time for the U.S. Economy to Reindustrialize

Free trade is good only if you export l $100 of goods and import $100 of goods. It will not work if you export $100 and import $1000. That's what USA is doing. We need another industrial revolution to get out of this mess. It's a simple economics 101, and our politician don't understand at all.

If you thought California was a mess, Pew Research has a table of the nine other states (who, remember, can't run a deficit as easily as the federal government can and must slash services) "barreling toward an economic disaster" as tax revenues take a dive.

welcome to free market. companies moving industries offshore and jobs, no money to spend

Billionaire investor George Soros says the U.S. will be a drag on world growth, and that the U.S. dollar ought to be falling against the Chinese yuan to allow the U.S. to contain its current-account deficit. Soros warns the world's current "currency arrangements" are fraught with danger, and that the world needs global regulation.

yes, china will makes it's currency tradable, when it completely destroys american industries and catch up with technology

Surprise! No bank failures Friday night. Tally for the year holds at 98.

No bank failure due to Obama winning nobel peace price

The Great Shift: China Rising, U.S. Falling

Free market great for America . Look what free market did for the world

To the world
1. Emerging market people living standard have doubled
2. China a major military power
3. Iran is becoming a major nuclear state. ( oil money)

To the United states and western Europe
1. Unemployment at depression level
2. Lower living standard, No real income growth and commodities are up big.
3. State and counties are broke
4. S&P at lowest level, may under 500 if you consider dollar depreciation
5. Middle class is vanishing at the alarming rate.


In other world

We are shipping our living standard to emerging countries. WOW, what a free market. Please Promote free market, it is good for USA .

True September Unemployment 14%: Our System Is Broken

Free market great for America . Look what free market did for the world

To the world
1. Emerging market people living standard have doubled
2. China a major military power
3. Iran is becoming a major nuclear state. ( oil money)

To the United states and western Europe
1. Unemployment at depression level
2. Lower living standard, No real income growth and commodities are up big.
3. State and counties are broke
4. S&P at lowest level, may under 500 if you consider dollar depreciation
5. Middle class is vanishing at the alarming rate.


In other world

We are shipping our living standard to emerging countries. WOW, what a free market. Please Promote free market, it is good for USA .

U.S. Median Income from 1999-2009: No Gain, Much Pain

Ok free trade good for USA. All the big companies CEO’( Fatter profit) and politician ( lobbyists)says. Huh, What about American public. USA hasn’t created a single job in the last 10 year and prices( commodities) has gone through the roof. I guess that’s what free trade do to a country. A rising living standard of the world at the expense of US consumer. So we are exporting our living standard and importing misery

Obama Is Wrong to Impose Punitive Tariffs on Chinese-Made Tires

Ok free trade good for USA. All the big companies CEO’( Fatter profit) and politician ( lobbyists)says. Huh, What about American public. USA hasn’t created a single job in the last 10 year and prices( commodities) has gone through the roof. I guess that’s what free trade do to a country. A rising living standard of the world at the expense of US consumer. So we are exporting our living standard and importing misery

For Michigan, a state that has lost 800,000 jobs this decade, any new jobs at all are good news. That could explain why GM's Fritz Henderson, two senators and multiple state and local officials all turned up to celebrate a new factory that will employ 100 people.

Ok free trade good for USA. All the big companies CEO’( Fatter profit) and politician ( lobbyists)says. Huh, What about American public. USA hasn’t created a single job in the last 10 year and prices( commodities) has gone through the roof. I guess that’s what free trade do to a country. A rising living standard of the world at the expense of US consumer. So we are exporting our living standard and importing misery

Roubini says the recent rally may soon fizzle "as worse-than-expected earnings and financial news take their toll."

It depends on Goldman Sach. Only Goldman sach survived. Lehman, bear stern are all bankrupt. Goldman sach can take S$P to 1200 or 400 , all depends on them. Economy doesn't matter

Goldman Sachs (GS) responds to Zero Hedge's allegations of potential frontrunning, sort of.

Pl pass it your local congressman and to your friends


How Goldman destroyed USA


Goldman Sach , a wall street broker is a dangerous for our country. It is too powerful entity and for the sake of the country it should be split into 3-4 firms. This firm owns politicians ( Henry Paulson) and dictate the policies in Washington.

1. Internet bubble was created by the Goldman.

2. The law on housing market was changed on the advise of government, which allowed a $14000 a year employee to qualify for $800 k mortgage

3. On the advise of Henry Paulson, who was the chairman of Goldman in 2002, the banks increased the leverage from 12 times to 40 times.

4. Goldman commodity sector did a fraud on oil and pumped the oil prices to $150 a barrel.

5. Goldman advised government to bankrupt Lehman, to get rid of it’s competitor

6. Same Goldman advised government to bail out AIG and Pocketed $25 billion dollars of tax payer money.

First Goldman took money from people 401k accounts, by pumping and dumping stock market. The second step was to take all their money from their home equity by pumping and dumping house prices. The last frontier is to devalue dollar and bring American people on is knees. That’s why advising government to bring stimulate packages and print dollar. No politician is talking about bringing back American jobs. Where is our indusial policy? All politicians are controlled by Goldman Sach. The free market policy hyped by Goldman Sach is killing the country. No country has gotten rich by sending it’s jobs overseas. The only country getting rich are the oil producing countries and China. Is Goldman Sach is working for them? May be, getting big business in china All the media and politicians are owned by Goldman Sach. Free market is good with rest of the world, but not with any east Asian countries like Japan, China, India etc. These countries don’t have any internal consumption and depend on export. Theses countries are getting rich by destroying American industries and jobs,. We Americans are doomed. The big cooperation’s ( Cisco, oracle, and Caterpillar) are advocating free market, as they get cheap labor in those countries and fatting their profit. That is not helping American people. The greed is on extreme in America. Counties and states are getting bankrupt because jobs are going overseas, which results in loss of taxes , depreciation of property, and closure of small businesses. One lost job to overseas , cost five more jobs lost, which depend on the lost overseas job. The state like California is talking about cutting expenses, but no body is talking about increasing revenue , by creating jobs. Bottom line is that Those Asian countries need USA, but USA don’t need them. We need industrial policy, an industrial policy to bring jobs back. We need to tax the goods from China, India, Japan ( any country with surplus with USA). If USA wants to save money , we should outsource our military and police to Taliban ( Just a Joke, but larry Kudlow in CNBC will do it). The above points are valid, but Goldman will not let government take the above steps, and if any politician will try to bring change, the Goldman will crash the Market. Remember , march 2009 crash. China is systematically destroying USA industries, like ban on Google, on gaming software and now on American chicken . Japanese did the same to USA industries during 80’s and 90’s. The USA is heading towards higher taxes and weak dollar unless we bring back our industries and increase our tax base. We went to far in free market and paying the price, while other countries are enjoying it.

The next advise of the Goldman Sach to the government will be to sell California to china and Goldman sach will make billions from the commission. Than will be Hawaii, Alaska, etc.

Big bonuses return: The average Goldman Sachs (GS) employee is on track to snare a $700,000 bonus this year - which makes Morgan Stanley (MS) assumed per-employee average of just $262,000 seem downright miserly. "I'm seeing deals like it's 2007 again," one employment lawyer says.

How Goldman destroyed USA


Goldman Sach , a wall street broker is a dangerous for our country. It is too powerful entity and for the sake of the country it should be split into 3-4 firms. This firm owns politicians ( Henry Paulson) and dictate the policies in Washington.

1. Internet bubble was created by the Goldman.

2. The law on housing market was changed on the advise of government, which allowed a $14000 a year employee to qualify for $800 k mortgage

3. On the advise of Henry Paulson, who was the chairman of Goldman in 2002, the banks increased the leverage from 12 times to 40 times.

4. Goldman commodity sector did a fraud on oil and pumped the oil prices to $150 a barrel.

5. Goldman advised government to bankrupt Lehman, to get rid of it’s competitor

6. Same Goldman advised government to bail out AIG and Pocketed $25 billion dollars of tax payer money.

First Goldman took money from people 401k accounts, by pumping and dumping stock market. The second step was to take all their money from their home equity by pumping and dumping house prices. The last frontier is to devalue dollar and bring American people on is knees. That’s why advising government to bring stimulate packages and print dollar. No politician is talking about bringing back American jobs. Where is our indusial policy? All politicians are controlled by Goldman Sach. The free market policy hyped by Goldman Sach is killing the country. No country has gotten rich by sending it’s jobs overseas. The only country getting rich are the oil producing countries and China. Is Goldman Sach is working for them? May be, getting big business in china All the media and politicians are owned by Goldman Sach. Free market is good with rest of the world, but not with any east Asian countries like Japan, China, India etc. These countries don’t have any internal consumption and depend on export. Theses countries are getting rich by destroying American industries and jobs,. We Americans are doomed. The big cooperation’s ( Cisco, oracle, and Caterpillar) are advocating free market, as they get cheap labor in those countries and fatting their profit. That is not helping American people. The greed is on extreme in America. Counties and states are getting bankrupt because jobs are going overseas, which results in loss of taxes , depreciation of property, and closure of small businesses. One lost job to overseas , cost five more jobs lost, which depend on the lost overseas job. The state like California is talking about cutting expenses, but no body is talking about increasing revenue , by creating jobs. Bottom line is that Those Asian countries need USA, but USA don’t need them. We need industrial policy, an industrial policy to bring jobs back. We need to tax the goods from China, India, Japan ( any country with surplus with USA). If USA wants to save money , we should outsource our military and police to Taliban ( Just a Joke, but larry Kudlow in CNBC will do it). The above points are valid, but Goldman will not let government take the above steps, and if any politician will try to bring change, the Goldman will crash the Market. Remember , march 2009 crash. China is systematically destroying USA industries, like ban on Google, on gaming software and now on American chicken . Japanese did the same to USA industries during 80’s and 90’s. The USA is heading towards higher taxes and weak dollar unless we bring back our industries and increase our tax base. We went to far in free market and paying the price, while other countries are enjoying it.

The next advise of the Goldman Sach to the government will be to sell California to china and Goldman sach will make billions from the commission. Than will be Hawaii, Alaska, etc.

Nonfarm payrolls: -467K in June vs. consensus estimate of -365K. May revised to -322K from -345K. Unemployment jumps to 9.5% from 9.4%, vs. 9.6% consensus.

How Goldman destroyed USA


Goldman Sach , a wall street broker is a dangerous for our country. It is too powerful entity and for the sake of the country it should be split into 3-4 firms. This firm owns politicians ( Henry Paulson) and dictate the policies in Washington.

1. Internet bubble was created by the Goldman.

2. The law on housing market was changed on the advise of government, which allowed a $14000 a year employee to qualify for $800 k mortgage

3. On the advise of Henry Paulson, who was the chairman of Goldman in 2002, the banks increased the leverage from 12 times to 40 times.

4. Goldman commodity sector did a fraud on oil and pumped the oil prices to $150 a barrel.

5. Goldman advised government to bankrupt Lehman, to get rid of it’s competitor

6. Same Goldman advised government to bail out AIG and Pocketed $25 billion dollars of tax payer money.

First Goldman took money from people 401k accounts, by pumping and dumping stock market. The second step was to take all their money from their home equity by pumping and dumping house prices. The last frontier is to devalue dollar and bring American people on is knees. That’s why advising government to bring stimulate packages and print dollar. No politician is talking about bringing back American jobs. Where is our indusial policy? All politicians are controlled by Goldman Sach. The free market policy hyped by Goldman Sach is killing the country. No country has gotten rich by sending it’s jobs overseas. The only country getting rich are the oil producing countries and China. Is Goldman Sach is working for them? May be, getting big business in china All the media and politicians are owned by Goldman Sach. Free market is good with rest of the world, but not with any east Asian countries like Japan, China, India etc. These countries don’t have any internal consumption and depend on export. Theses countries are getting rich by destroying American industries and jobs,. We Americans are doomed. The big cooperation’s ( Cisco, oracle, and Caterpillar) are advocating free market, as they get cheap labor in those countries and fatting their profit. That is not helping American people. The greed is on extreme in America. Counties and states are getting bankrupt because jobs are going overseas, which results in loss of taxes , depreciation of property, and closure of small businesses. One lost job to overseas , cost five more jobs lost, which depend on the lost overseas job. The state like California is talking about cutting expenses, but no body is talking about increasing revenue , by creating jobs. Bottom line is that Those Asian countries need USA, but USA don’t need them. We need industrial policy, an industrial policy to bring jobs back. We need to tax the goods from China, India, Japan ( any country with surplus with USA). If USA wants to save money , we should outsource our military and police to Taliban ( Just a Joke, but larry Kudlow in CNBC will do it). The above points are valid, but Goldman will not let government take the above steps, and if any politician will try to bring change, the Goldman will crash the Market. Remember , march 2009 crash. China is systematically destroying USA industries, like ban on Google, on gaming software and now on American chicken . Japanese did the same to USA industries during 80’s and 90’s. The USA is heading towards higher taxes and weak dollar unless we bring back our industries and increase our tax base. We went to far in free market and paying the price, while other countries are enjoying it.

The next advise of the Goldman Sach to the government will be to sell California to china and Goldman sach will make billions from the commission. Than will be Hawaii, Alaska, etc.

The Best Man for the Fed Chair Could Be a Woman

Bernake , bush and greenspan all are pussy. They can't take tough decisions, but can take stupid decisions like invading iraq

Doom, Gloom Hit Silicon Valley

Free money from sub prime is gone. Expect the consumer recession like 1991. I think the silicon valley houses prices will fall by 50%,. It happened it in 1991. There are way too many investors in silicon valley