United States Heading towards a Depression?

You guys are really ignorant. All you know is to listen to the media and believe everything they say. OF COURSE United States are heading for a depression. That's EXACTLY what they want. They printed to much money just like they did in the late 20's. This is what the Globalists have been planning for years! We're NOT heading for a depression. We're heading for an extreme hyper-super-mega depression and soon USA will go to war with Iran and Israel. It's all planned people! North Korea will attack South Korea and Russia/China and some European countries will also enter the war. The coming World War 3. Also planned. What is the main goal here? What do the Bilderberg group want here? They want an EXCUSE to create a global currency (digital currency) and a new world order. A war in this scale will be the cause for such a thing. For years people have been laughing about the new world order but now we are finally proven right. MEDIA are now openly announcing a world government and they make it out to be a good thing. Well it's not! It will be a total enslavement for mankind. Camera's on every street corner, x-ray cans driving on the streets looking through your clothes and a lot more!

For Christ sake... even the History books in USA have been modified to contain "USA in the New World Order" and people like George Washington and events like The Civil War have been erased. The President is nothing but a puppet! JFK was the last true President of the United States. Damnit people! Research yourself instead of letting the Television control your controlled life! Is it really that hard to research yourself? It's so easy to be fed up with lies in TV because people have fallen for sloth! Damnit... get out and buy a food supply before the price sky rockets and refuse any vaccine or RFID Chip! Forced vaccinations will be a huge problem in the near future but you MUST refuse it. Go ahead and laugh at me. But I'm telling you... when every agency in USA are preparing for something, there will be a HUGE event. If you're like me and know the truth, don't sit at home and cry about it! Go out and hand out fliers and DVDs. I'm giving away 5000 fliers and 250 DVDs a month. I'm having public lectures and local meetings with fellow truthers. May God be with you all! We will soon know that accepting Jesus as our personal savior is the only way out.

 

Rmc, I love your optimism. I might just go and jump off a bridge today.

 

I'm moving to Sweeden. I'm going to try and ride it out hiding with the Sweedish Women's swimming team. We will pillow fight our way through this crisis.

 

HAHAHAHAHAHAH!!!

Seriously though, since you have done so much research maybe you can tell me how to be a part of the New world order/Illuminati thing? It sounds so cool

 

This really makes no sense. I think that Breeze is beginning to really crack this time.

Look, Breeze's brother is here!

 

Studios, the only way out is not allowing the coming event you describe from happening.......the idea is to triumph over evil, not let it happen - if you ever want to see that Saint or the many others yourself.

 

What's with all the dashes and dots in all your posts? Are you trying to communicate something secret in Morse Code?

 

The $200 Million per day figure is false and came from the Indian media. The right wing in the US, not caring if the figure is accurate, picked up the story and ran with it without mentioning its dubious source.


From FactCheck.org:

"This story has spread rapidly among the president’s critics, but there is simply no evidence to support it. And common sense should lead anyone to doubt it. For example, the entire U.S. war effort in Afghanistan currently costs less than that — about $5.7 billion per month, according to the Congressional Research Service, or roughly $190 million per day. How could a peaceful state visit cost more than a war?"
More at http://factcheck.org/2010/11/ask-factcheck-trip-to-mumbai/


I particularly like the line "And common sense should lead anyone to doubt it."

The right wingers most responsible for perpetuating the false news in the US (Drudge and Rush) know full well that the Republican voter base is dumb enough to believe this sort of thing - and they did.

My crackpot conspiracy theory here is that the Republicans planted this story in the Indian media so they could have a new anti-Obama talking point just before the election. Either way, they knew it could have potential voter implications.

When they tell Billy Bob in rural Hicksville and 88-year-old Mable that they should definitely vote because Obama is flushing $200 Million a day down the toilet on travel, they know it will surely rile dimwitted conservative voters up.

He isn't going on leisure. If the CEO of a company spends $10,000 to go meet the CEO of another company, should he not have gone because "more debt does not equal lesser debt" ???

 

I hear Michelle spends that much every day on her man whoring adventures.

 

Have you nothing else to say about my post besides this school yard banter?

Of course not, because you know I am right and that there really is no rebuttal.

 

I thought it was appropriate and straight to the point.

 

Are you claiming Michelle doesn't go man whoring, or are you saying she doesn't spend that much on it?

 

THe DIJA isn't a good metric to use to claim that there's a recovery.

Dow to Tumble Near 4200-5000 by Mid-2011: Strategist
http://www.cnbc.com/id/37065807/Dow_to_Tumble_Near_4200_5000_by_Mid_2011_Strategist

I don't believe the Dow will tumble in 2011. On 15 occasions recessions occurred in the year following a presidential election. 2012 or 2013 are good bets of all hell breaking loose.

Bank repossessions reached a record high of 102,134 in October. It was the first time that bank repossessions have surpassed the 100,000 mark. Homes prices may drop another 20% which could trigger another banking crisis and $500 billion in Fannie/Freddie losses to the US taxpayer.

http://www.cnbc.com/id/39650403/Foreclosures_Rise_Repossessions_Exceed_100_000_for_First_Time

Don't believe what the FED and Obama are saying about deflation. Jimmy Carter was grinding the same organ and interest rates went to 20%+

How about this: Kraft said that in many cases it was dealing with costs that were up 20 percent and 30 percent from a year earlier.

http://finance.yahoo.com/news/Kraft-Foods-increases-prices-apf-2759940426.html?x=0

Only 1/3 of the Senate was up for re-election making it harder for Republicans to gain a majority.

Lets face it the welfare states aren't going to vote Republican and end their free lunch.

 

It all makes sense when you look at it this way...

 

Bogart, the recession ended in June of 09 and its termination is the metric applied to the advance in the DJIA - if you do not believe the DOW will tumble in 2011, why add that ridiculous link? ---> 4200-5000 is only something Mia and company would believe.

The DJIA is the barometer to the economy, not the politics of the recovery.

No one would be happier than the Federal Reserve at this time to have inflation / excess liquidity as the problem for them to be solving.

 

We won't know that we are in a recession until NBER declares it which is usually more than a year after the fact.

The DIJA was a lagging indicator to the 1980 and 1991 recessions.

Robert Shiller, professor of economics at Yale University, said he thought the second dip down of a so-called double-dip recession "may be imminent."
Earlier this month, he told the Wall Street Journal he thought the chance of a double-dip recession, which he noted is a rare event, was greater than 50%.

http://finance.yahoo.com/family-hom...iller-sees-potential-for-double-dip-recession

The end of the Bush tax cuts in 2011 is causing companies to move earnings forward Most likely the small gain in GDP is really future 2011 income which would then mean that the US could double-dip in 2011.

During the 1980 and 81-82 double dip recession the DIJA plunged to $769 and was worth less than an ounce of gold.

So, it's not ridicilous that the DIJA could fall to 4200-5000. It's just that I beleive that a crash it's more likely to occur in an election year or the following 12 months.

There's too many possible trigger events to not be concerned:

- Pension crisis, $3 trillion underfunded pensions to State workers.
- Forty-six states face budget shortfalls that add up to $112 billion for the fiscal year ending next June. California Arizona, Illinois, New Jersey, New York are in the worst shape.
- US home prices continue to decline. Home prices may decline another 20% triggering more bank failures and $500 billion in losses to the US taxpayer from Fannie/Freddie.
- FED annouces plan to print $1 trillion dollars to finance US deficit spending and the $800 billion US trade deficit.

Since Pelosi became Speaker of the House the national debt has increased from 8.5 trillion to 13.5 trillion or 58% increase in 4 years

Obama in 2 years has increased the national debt from 10 trillion to 13.5 trillion or 35% increase in national debt in 2 years

How long do you think that this can go on?

China's central bank warned the US Federal Reserve today the Unrestricted issuance of US dollars could plunge the world into a new financial crisis.

http://www.google.com/hostednews/af...ocId=CNG.8ae7ec72d21a39becbb5c339852ee3e5.581

Inflation is lready taking hold. Over the last 12 months:

Chuck steak +13%
Milk +10%
sugar +9%
eggs +7%
cotton +54%

Dominos is rasing the price of a $5.99 pizza $2 this month
General Mills increasing cereal prices 5% this month

The US risks a hyperinflation spiral similar to the Weimar Republic should the velocity of money increase. Businesses have $3 trillion in reserves and many household are sitting on their cash. If people start spening money, there will be too much cash chasing to few good and servcies.

Weimar parallels the US in that at first when they started to print money, the Reich Mark gained in value against foreign currencies, and prices of imported goods fell by some 50%.

 

Bogart, if you are suggesting the Republican influence on the economy for the future, I agree that what has been accomplished may be put in jeopardy and a new recession is possible with the DJIA falling below 7000 being an outcome. That is not my opinion of what will happen with the new congress and hopefully a gridlock will work for the markets advantage at this time is my opinion.

The Republicans have an obligation at the very least to continue the progress so far accomplished is the heritage of our nation and is expected by its investors.

Real inflation is not something that can be hidden by an Administration and when it becomes a problem is readily apparent to everyone - not something necessary to be speculated about.
...........

The Democrats under the present Administration ended in June of 09 the deepest and longest recession since since the 1930s Depression that was caused by Republican policies and principles, catalyzed by their unnecessary and unfunded Iraqi war.

The expenditures necessary in righting the economy have been financed at interests rates below 4% and very conducive to being mitigated by the overall economy.

The markets under the present circumstances would continue to appreciate.

 

China is probably not real happy about how leveraged their smaller economy is into our currency and our consumers right now. Here is George Soros's angle on it:

http://www.youtube.com/watch?v=TOjckJWqb0A&feature=&p=D5F4AA994E473C5D&index=0&playnext=1

In a nutshell, he says the solution is to bring China into the "New World Order" by establishing a new world currency. He actually uses the words "New World Order" about 5 different times throughout the video. According to Sorros, the US economy is f*cked for the next 20 years anyway and China is where the money is at, so we might as well try and get them, the US, and every other country enslaved to the IMF to use collective bargaining against them, rather than have them suck up real assets at a staggering rate via bi-lateral relationships.

Conversely, you have guys like Donald Trump telling us our trade policies are stupid:
[video=youtube;1jdIshuoRBQ]http://www.youtube.com/watch?v=1jdIshuoRBQ[/video]

He says we are basically giving away American wealth through trade policies that are non-reciprocating, and the few fat cats that are making a fortune from it (Soros) will call any attempts to change those policies "Protectionism".

From what little I've seen, I suspect Trump has it right. I'd bet you the Republicans are every bit as guilty as the Democrats in getting us to such a sad state. Sorry for not patching in Soros's video directly, but only one video link per post, and I thought Trump's was more relevant.

 

The DJ at 7000 is not a bad thing.

FYI, Breeze... Ask mummy and daddy. We're in a depression right now.

 

To bad for you but not the Markets the split Congress will require actual thought than empty rhetoric.