I work on the wholesale side as a distributor, and I could have told you this was coming over six months ago.

Cramer does lie about the economy. All the time.

They are proposing stimulus plans.

It is in trouble.

Gold is doing well.

Sven @ 1:

I'm gonna give Laur the benefit of the doubt and ASSUME he's just playing devil's advocate.

sad to say.......I think you're wrong.......but I admire to optimist in you.But reality says......he's a ......................................douche bag.He's proven himself to be one far to many times.

The stock and commodities market is one economy and they don't liste to Cramer or Lauer or even (gasp) Billo. They are way to busy making money out of air.

What goes on in the business world, the production, buying and selling of merchandise is quite another. The real middle class, the real lower class, are far too busy surviving to pay a lot of attention to Cramer. They're trying to figure out how, on relatively static incomes, to pay for fuel, groceries, and ever increasing share of the cost of healthcare and an education for their kids.

The well to do, not the super rich, but the families making $250K to $1M annually are the ones rattled by Mr. Cramer. They may hold off on that new Beemer or the camp on the lake. They have to decide between mild cheddar and brie, domestic wines or imports, Crown Royal or CC. They are also the Republican middle class. LOL

THe ridiculous part is that the Cramers and the Lauers seem totally unaware of the real blue and white collar workers. They worry about folks like themselves, Fiji or Bermuda??? The horror of that choice

matt was a good employee for g.e. during the build up to the iraq scam. he's probably thinking that it worked then, why not now, just ignore the evidence to the contrary.

Sven @ 1:

I'm gonna give Laur the benefit of the doubt and ASSUME he's just playing devil's advocate.

There's one in every crowd!!!

:lol:

;)

"..free market capitalist pigs that will say anything to sell their ideals and I mean anything.."

Oh shit..I can just see the trolls crawling out of the wood work behind that remark John.
BTW-I couldn't agree more.

Well they DID all lie when the dot-com boom went bust.

Big brokerage houses -- Merrill Lynch, for one notorious example -- reassured all their small investors "The market is stable; stocks are historically the best investment; blah blah blah."

While at the same time telling their big investors to get out of the market ASAP.

And the BIG FISH got even BIGGER by eating the little fish.

Of course the big brokerage houses took no responsibilty for their tainted advice. Just read the fine print: ".. at your own risk .. if you believe what we say."

Time was the broker was responsible for his investment advice. Prescott Bush lost everything in the Crash of 29, cuz all his Gold Bond customers lost everything. That's when his business partner Averell Harriman bailed Prescott out with a large cash advance and put him in charge of the Hitler Accounts at his Wall Steet Firm.

And that's where Prescott made his $$$ to invest in oil and enter politics.

Score one for Cramer. He's not one to believe in the New Deal reforms that made this country what it was from the 30s-70s, but at least he's telling the truth. At least he has some semblance of "hey, if I lie, my head's gonna be on the chopping block."

grooming his resumé for fox news.

eh, matt?

WORK WITH ME HERE ...

If republicans think that all tax cuts will raise Federal revenues, then following their "logic", simply eliminating ALL taxes would give the government an INFINITE amount of money in revenues.

Rightttt

http://www.theonion.com/content/video/breaking_news_all_online_data

Why not give financial updates dressed like Henry the frickin' eighth, surrounded by unwashed servants who shovel hundred dollar bills into a furnace while a bourgeoisie entourage looks on and laughs? Why not, Cramer? Why?

Dear John,

Please repeat after me: We do not have a free market.

As long as the Federal Reserve continues to exist, America can not have a free market. Anyone who talks about tax cuts without mentioning the Federal Reserve can not be a "Free Marketeer". What they are advocating is something else, call it Corporatism or Fascism (the Italian kind) or whatever, but it is not free trade.

The looming recession was caused by the artificially low interest rates created by the Federal Reserve. Now here comes the Federal Reserve riding in on a white horse to save us (from the problems it created) by printing more money. Hurray!

NAFTA is not free trade.

HulksHeroes @ 17:

MARK MY WORD!! The fascists are going to come up with a "new term" for "recession". Something catchy, like "good fer ya'll", or maybe "a bit tightening up time"....or some other such nonsense.

Hey, we've been taking our English language and losing it on "interrogation techniques" instead of dastardy and ugly things like "torture"; "surge" instead of something that sounds more involved like "escallation"; "war" instead of "occupation"; and the list goes on and on.

We are idiots! We will simply gobble up this bullshit lying by our government...in this case, the fascist neocons, and mislabel everything so it doesn't sound "evil".

We really are idiots to let them pull this bullshit, and more of an idiot are the media who perpetuate this lying and bullshit to the public. They deserve the first class car to hell along with bush and his cronnies.

I laughed at first at your 'new terms'.Then I remembered Pres. Ford actually came on TV and hawked big buttons that said 'STAMP OUT INFLATION'.I swear I am not making this up.

Jay Severin Has a Small Pen1s @ 11:

EACH TIME ANYONE SAYS 'TAX AND SPEND LIBERALS' REBUKE THEM WITH

"Borrow and spend Conservatives"

You can back it up by pointing to the last seven years in government.

repeat it over and over and over again to them. Get it in the vernacular...just like 'liberal media', 'liberal fascists'.

:) Yep.

Or, as Bill Maher put it: Yes, Democrats tax and spend. That's what a government does. It taxes and it spends. It's a lot better than the Republican mode: Dine and Dash.

When it come to Douchebaggery...Lauer is your man.

I Hate the Corporate Media Whores !

sedrik39 @ 21:

Guys, I'm sorry, but my wife was an economics major in college, and Matt is raising a legitimate point that even economists discuss. This segment looks terribly scripted, and it is a rather safe point to say that the greater proliferation of the term recession, the more it becomes a self-fulfilling prophesy.

I see your point, but I would argue that it's wishful thinking to avoid the use of the term "recession" in the hope that it won't become a self-fulfilling prophecy. It's obvious that the handwriting on the wall is getting bigger and bigger and bigger, and no amount of avoidance of uttering scary words is going to negate the message being writ. I think they should have been shouting it louder and more often, much earlier, because for many Americans that's what it takes to get them to sit up and really take notice and prepare themselves.

The Powers That Be will refer to it as a "fiscal adjustment" and continue to play their fiddles while our budgets burn.

Lauer is implying a common fallacy among "Keynesian" economists. They believe that a recession is caused by a drop in consumer spending. But they have cause and effect reversed. A recession causes people to spend less and save more. It seems pretty obvious to me. If possible bad times are staring you in the face, you don't go get a plasma on credit, you save. Or at least you try to save, with all the inflation that's going to happen when the Federal Reserve trys to bail out the economy...

America has been in a steady decline for 20 years now.

The U.S. Federal debt was $1.142 trillion in 1982.
On September 30, 2007 the U.S. government owed $8.993 trillion. America is spending 7% more then what it earns or produces each year.

The only reason America "appeared" to be recovering since the 1982 recession is because the Americans borrowed 10 trillion dollars.

I would think that America is now about 40 or 50 trillion in the hole and credit card debt is another trillion dollars.

The only reason that there was a Dot-Com Boom was because the American's allowed every corporation to buy all types of technology equipment/programs and write the complete cost off. The excuse America used was the "Y2K Bug". The American government created the Dot-Com Boom as a means to stimulate the faltering economy.

The same thing goes for the Sub-Prime crisis. This was a deliberate and intentional policy of the American government in an effort to stimulate retail sales. Before instituting this lending scheme, the American governnment brought in new personal bankruptcy laws in 2005. Then the American bankers encouraged the lending of money to unsuspecting home buyers and who can't very easily declare personal bankruptcy. The American government used this loan scheme to pour billions into the economy. 60% of American employment is tied to the construction industry and it is American home owners who feed the retail sector.

This "Recession" is going to be worse then 1982. All the American politicians are talking about stimulating the economy but America is bankrupt. They can't even raise enough cash to bail out the banks. Just this week, the largest bank in the U.S. had to go to Singapore and China to grab some cash to stave off bankruptcy. There is no way that they will find any cash to save the decline of America. Even the insurance companies which insured these sub-prime loans are now bankrupt.

The auto sector is bankrupt. The major auto manufacturers are selling off all their assets before they declare bankruptcy. If they did not sell their assets to India and China, then the workers are entitled to seize assets in lieu of lost pension funds. With the selling of the assets now, the shareholders are raping the pension fund and running off with the dividends now.

American's think that they are immune from the same financial disaster which the U.S.S.R. suffered through in the 80's or as every other past empire had happen all throughout history. In the next five years, 75 million Americans who were born after WWII, are gonna be standing in line to collect social security at 23 thousand dollars per year. In addition; Public Sector (civil servants) Retirement Benefits will cost $2.73 trillion. There is no way in hell that the Capitalist System can ever hope to keep the promises made to the Working Class over the past 50 years.

The Federal government can't even face up to their responsibilities to those disabled folks who qualify right now for social security payments. For sure the government will not be able to meet the payments for the 75 million expected retirees during the next 5 years.

Disabled And Waiting
CBS News Investigation: Backlog In Disability Benefits System Leaves Thousands Of Vulnerable Americans Stranded
A two-month CBS News investigation has found that over the last two years, at least 16,000 people fighting for disability benefits died while awaiting a decision.
Overall, the backlog of cases now stands at 750,000 - up 150 percent since 2000.
It could take 2.5 years to get your hearing.
Examiners warned by their superiors that approving claims today could cost the government millions tomorrow.
"So are you saying, in essence, there was a quota system?" Keteyian asked.
"Every state had different numbers," she said. "They know that a certain percentage of people, once denied, will never file an appeal."
January 14, 2008
Part I of II
http://www.cbsnews.com/stories/2008/01/14/cbsnews_investigates/main37126...
Part II of II
http://www.cbsnews.com/stories/2008/01/15/cbsnews_investigates/main37181...

If executives at Enron, Tyco or Worldcom resort to such financial mismanagement, cheating shareholders out of their future retirement, they end up in jail.

When politicians do it, they get re-elected.

And don’t forget the spiraling costs of health care of an aging population.

This is why all the "Domestic" terrorism laws have been introduced. Martial Law will be imposed. I think that the establishment would prefer that Obama become president because the Lower Class are more likely to listen to "One Of Their Own" as the economy crumbles.

China is the new kid on the block.

As America declares "bankruptcy", a new currency will need to be in place and it will be called the "Amero" and it will be the currency for all of North America. (Mexico, U.S.A. and Canada.)

Quiz: What kind of Anarchist are you?
By BiffoTheBear
http://quizfarm.com/test.php?q_id=37281

David Hawes @ 32:

HulksHeroes @ 17:

MARK MY WORD!! The fascists are going to come up with a "new term" for "recession". Something catchy, like "good fer ya'll", or maybe "a bit tightening up time"....or some other such nonsense.

Hey, we've been taking our English language and losing it on "interrogation techniques" instead of dastardy and ugly things like "torture"; "surge" instead of something that sounds more involved like "escallation"; "war" instead of "occupation"; and the list goes on and on.

We are idiots! We will simply gobble up this bullshit lying by our government...in this case, the fascist neocons, and mislabel everything so it doesn't sound "evil".

We really are idiots to let them pull this bullshit, and more of an idiot are the media who perpetuate this lying and bullshit to the public. They deserve the first class car to hell along with bush and his cronnies.

I laughed at first at your 'new terms'.Then I remembered Pres. Ford actually came on TV and hawked big buttons that said 'STAMP OUT INFLATION'.I swear I am not making this up.

Actually it was a WIN button that stood for Whip Inflation Now. Just reporting the facts, please understand that I'm not trying to beat on anyone Mr. DHS@35.

David Hawes @ 32:

HulksHeroes @ 17:

MARK MY WORD!! The fascists are going to come up with a "new term" for "recession". Something catchy, like "good fer ya'll", or maybe "a bit tightening up time"....or some other such nonsense.

Hey, we've been taking our English language and losing it on "interrogation techniques" instead of dastardy and ugly things like "torture"; "surge" instead of something that sounds more involved like "escallation"; "war" instead of "occupation"; and the list goes on and on.

We are idiots! We will simply gobble up this bullshit lying by our government...in this case, the fascist neocons, and mislabel everything so it doesn't sound "evil".

We really are idiots to let them pull this bullshit, and more of an idiot are the media who perpetuate this lying and bullshit to the public. They deserve the first class car to hell along with bush and his cronnies.

I laughed at first at your 'new terms'.Then I remembered Pres. Ford actually came on TV and hawked big buttons that said 'STAMP OUT INFLATION'.I swear I am not making this up.

No, they said Whip Inflation Now, and were referred to as WIN buttons. My classmate Dina R. received one with a personal letter from Ford. The perks of living in the President's home town, I guess.

I'll stop by the Ford Presidential Museum if you'd like me to get one for ya. It's about 5 minutes from my apartment.

You want the truth?

- Lauer is a Drone

- Cramer is a liar

- The economy is proper fucked

And I'm just some nitwit with a keyboard.

OMG , Keith Olbermann's line on "Worst Person in da World" tonite ; "...Mike Huckabee's sideways drive-by of Mitt Romney's (don't wanna ruin the punch-line) ..." , , ,

Almost made me spew my aperitif all over the keyboard .........choke,cough..........

Good JOB (as Always) , Keith-O !!!

I have been saying we are as bad as North Korea sometimes; Lauer proves it.

Big John @ 55:

Good post John.

Once upon a time the financial reporting was more honest than the political but now they have sunk to equal levels; Everything is propaganda.

Check this amazing clip out re fictional financial reportage

<a href="http://

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Well, Why NOT lie to the American public about the recession? They have lied about everything else. It's so bad now that nobody believes anything coming out of the bush administration anyway. The rest of the world knows.

Meanwhile Canada has put the US on the watch-out list because we are known as a country that TORTURES ... That's right folk, we are now on the same par with places like Darfur, Iran, Libya, Pakistan, etc.

And now we have a Theist running for President who wants to change the Constitution to line up with the Bible, yep the same one that tells people to stone, kill, own slaves etc.
Got your hand-basket, Their lining up for the hell express. (sometimes I wish their were a hell, so these idiots would get it in the end).

Andrew @ 59:

Poor old Helecopter Ben Bernanke is going to go down in history as the sacrificial lamb when everything economic went pooooof! I've said it here for a long time and now the pain after the gain begins to take hold. All numbers coming out of government are manipulated as is every segement of the financial markets by the PPT ( Working Group On Financial Markets ), but now the game has to come to an end. At best, both Bernanke as well as the Federal Reserve will be disembowled as the albatross it is. A hold out of the old guard whose only concept of power was to surpress free trade while holding the price of real money " gold" down all these years. The only problem with their way of thinking was that the rest of the world always knew that gold and silver were real money. Not the monopoly money printed by the Fed with nothing but hot air to back it.
The great minds in Washington gave the chinese as well as anyone else who wanted to buy our debt, the ability to one day turn the financial tables on us, and that is exactly what is happening before your very eyes. The dollar is toast and the more we print, the higher the cost of everything goes due to the effects of inflation.
There is plenty of blame to go around, but the yellow brick road heads straight to D.C. where corruption in both politics and banking have prevailed for decades. The rest of the world has had enough and now a new paradigm will be put into effect. Actually, it isn't new, but quite old. It's what the founders of our country called honest money. Constitutional coin in gold and silver and the rest of the world will do the same.
Many may continue to listen to the man behind the curtain, but in reality, the current emperor has no clothes. The moron in chief will probably address the nation soon, but the sad fact is that we will all be paying for living beyond our means for a very, very long time.

Your so right ... especially about the man behind the curtain.

Cramer is a clown. Even a monkey with a keyboard can spell a word once in a while.

"I’ve been watching the Stock shows on FOX and CNBC for a long time now and outside of a very small percentage of “experts” that try to tell the truth about the state of our nation’s economy—most are Milton Friedman, free market capitalist pigs that will say anything to sell their ideals and I mean anything."

Pigs?.......PIGS?!?!?!

I see the true colors are showing. I hate to break it to anyone, but the recession that exists right now is NOT, I repeat NOT, due to capitalism. It is due to Alan Greenspan's inflation of the money supply in the early 2000's and the more recent shrinkage in the money supply, that is now causing all the businesses that propped up on the back of this easy money, to suffer.

The reason this latest recession is so bad is that Greenspan's injection of money out of thin air (instead of gold which actually has value) was HUGE....and I mean HUGE....it had to be huge because that is the only way Bush's war could be funded...by counterfeiting. Well, inflation of the money supply has disastrous consequences for the economy later on. Sure, things may seem really good, but it cannot last if the prosperity is brought about by artificially decreasing interest rates.

I see that C&L has a poison pill...that is why all the hatred towards economic freedom in all the posts.

"If the economy is great—it’s time for more tax cuts and—if the economy is bad—we need more tax cuts."

And your problem is?? How can tax cuts be bad? If you think the government should have more money, by all means, donate yourself. But please don't presume to make the decision to spend OTHER people's money. You have no right and you know it. Look in the mirror and convince yourself of this real truth that you don't seem to want to accept:

100% of all income taxes in this country go to paying off the interest on government debt. It doesn't go to roads, schools, hospitals, or anything else. It goes to interest payments of the debt that government has borrowed. You see, the government does not have to financially solvent, because people think they are "above" that. Private businesses...those capitalist "pigs" you speak of, would be in JAIL if they engaged in the accounting that the government engages in. Why are you not calling the government "pigs"? It is they who live beyond their means and can get away with it, living a life off of you and me, spending like a drunken sailor, and getting fat off it. They do not have to work for the money they make, but thanks to people like you who tell the world that business is to blame and capitalist pigs are trying to convince the world that there is no recession, well, you haven't read the many private firms who have said MULTIPLE times that we are in a recession.

See, what you are doing is assuming that if the government and major government influenced news media tell you that we are not in a recession, which is what THEY want you to believe, you then take that to mean that the whole country is trying to "screw" with you by convincing you of that which is not true. You are the type of person who wants to have an "official" announcement made by Herr Presidente or policy-makers that there is a recession, who you think are more moral than business because they are supposedly more trustworthy. If there is no announcement, then you turn around and blame business and not the causes for all this BS in the first place.

Tax cuts, given to anyone, anywhere, at any time, ALL serve to benefit the wage earner. You do not want to accept that taxes given to anyone actually end up hurting the wage earner no matter who is taxed. You assume that if corporations are taxed, then the wage earner is not affected.

This is false because if corporations are taxed, then they are forced to pay less in wages than it otherwise would have been. These taxes could have been spent on wages and capital goods, both of which increase the standard of living of the average wage earner. Real wages are never raised if money wage rates are increased. This is the most fundamental error that anti-capitalist pigs think. If money wage rates are increased, then prices rise, because costs go up. Thus the wage earner is no better off than before. The only basis for rising standards of living for the wage earner is if the PRODUCTIVITY OF LABOR increases, which means if more is produced with the same labor. Thus the best way to benefit the wage earner is if business taxes are reduced as much as that can be. That way, the maximum amount possible will be spent on machinery and wages RELATIVE to consumer goods spending. The higher this ratio, the better off you and I will be. You cannot force it, you must give incentives. Incentives arise when business profits go up. This helps you.

I am more of an advocate on behalf of worker standards of living, more of a defender of prosperity and making this country better. Those who fight capitalism, are serving to impoverish this country and make us suffer, for suffering is the true goal of anti-capitalists, not well-being.

Will any neo-lib remember when the minimum wage was increased over a year ago and how free market capitalist "pigs" said this would harm everyone? Of course not, because these people only think but two feet in front of them. Well, unemployment is going up radically, and people are truly having a hard time. If the minimum wage was market driven, then these people WOULD BE WORKING RIGHT NOW. But no, the idiot policy makers who have no idea how economics works think that it is not a problem. They ignore it JUST LIKE THIS LAUER GUY IS.

The people who blame Lauer for saying we should just ignore things are the same people who ignore the effects of central banking, minimum wages, taxes, government spending which diverts much needed funds from productive activity to wasteful government activity, government intervention in the form of rules that quickly out date themselves, and the real causes for wealth creation.

Capitalism is what brings prosperity. PERIOD.

Oh Matty, too many weekends at Walker's Point . . .

you know what we should do, more taxes, because hey, taking money out of people pockets will fix the economy, help em spend more you know, those damn Karl Marx lunatics and there command economy planning!!

dadams @ 33:

mudshark @ 9:

20 dollars doesn't go very far anymore.

$20 bill..........isn't that the new $1 bill under the bush/cheney administration?

I was thinking 5$bill....but I just went out and spent over 8 bucks on a six pack of beer ,throw in a few small items and all i got back was 5 bucks..............yeah......1$.

It's a pretty sad state of affairs when even professional bullshit artists like Cramer have a reached a point where they feel uncomfortable spreading it on any thicker.

And, of course, it says just about everything that needs to be said about our media that, when confronted by a moment of honesty, the response is a bewildered: By why not just lie? Pretty much their professional mantra.

The Dow was at 13,057 on the 3rd of January, 2008, and today it closed at 12,159, so it is now down 898 points since the start of the year, for a two week decline in value of 6.9%, with no end in sight.

On January 22, 2001, on the first trading day of Herr Busch’s Presidency, the Dow was at 10,578, which means in the last 7 years it has climbed all of 1,581 points, for an average gain of about 225 points a year.

Considering that it’s considered healthy for the Dow to gain about 10% a year, right now it should be hovering near the 20,000 point mark, so seen this way, we’re looking at a shortfall of somewhere around 8,000 points.

Heck of job, Buschy.

What’s really scary in all this is that you just know that Wall Street has not even begun to come clean as to how deep the damage is.

So far all this wreckage is being blamed on the sub-prime loans, and the CDOs these rat fuck geniuses sold amongst themselves, in probably the greatest legal Ponzi Scheme in financial history, but I’ve heard nary a mention in the Financial Press that not only were sub-prime loans CDO’d to the hilt, but they’ve been doing the same damn thing with credit card and Stupid Ugly Vehicle car loans.

Which might not be a bad thing, if people pay their credit card and Stupid Ugly Vehicle car loan bills on time, but we’re now starting to see a wave of mass defaults in both those sectors as well, which will render the CDOs based on those loans just as worthless as the sub-prime ones.

Gonna be an interesting year, glad all my assets are in Euros, and out of the country, though when the inevitable collapse comes, after this slow moving train wreck of a crash we’re in the middle of runs its course, that might not matter.

Where ya gonna go?

This is the subject of another post, but I find it fascinating how the new founded attacks by the Right Wing Noise Machine on FDR’s Legacy have picked up in frequency and volume over the course of the last few months. Gotta wonder just how far they’re going to take it? Especially since what we're going to need more than anything else from this point on is for one of our leaders to step up and assume FDR's mantle, or ready ourselves to be consigned to the dust-heap of history.

祝你生活在有趣的时代, indeed.

~Nyc

pretty soon even cheap stuff from china will be too expensive for our dollars to buy.

Lauer, use that aggressive approach with all the high-ranking wingers/people you talk to in this administration.

No, softball questions and a genial approach to those worms works best for you, doesn't it?

uuh Cramer is the ultimate pump monker and you don't understand what?

I dunno, I sense a kind of longing for the end times from the rhetoric here. Gold standard conspiracy types rubbing their hands with glee at the thought of taking to the hills with sacks of gold and canned goods. Sprinkle in a bit of the usual "cozy apocalypse" genre where one man sees the truth in time to save himself. He then spends the rest of the story doing his best Charleton Heston impression while self-righteously reflecting on the hubris of man...all while wearing an ascot and toting a rifle of course.

And Matt Lauer may well be a "corporate lacky" and make decent wages but what does that have to do with my point?

Bill Clinton's economic trade policies of the 90's coming home to roost.

Andrew @ 73:

unfrozencaveman @ 67:

Andrew @ 64 -

I don’t think all those things are going to happen, but sadly a panic is looking more likely. Normally the stock market reacts negatively to the fed when they signal something about interest rates. Today it was different. Today was a vote of no confidence on helicopter Ben. I think inside money is running from the markets and something really bad lurks in the banking system, you can just sense it.

Unfrozencaveman…..You have two option. 1 getyourself re-frozen and then get someone to wake you up in about 20 years or 2. Start stocking up on canned goods because your going to need them.

Option # 3…left the USA a few years ago and don’t plan on moving back anytime soon. I’m watching it all unfold from the cheap seats.

YOU DA MAN! A VERY SMART MAN INDEED.

Dustin de Wynde @ 74:

The Dow was at 13,057 on the 3rd of January, 2008, and today it closed at 12,159, so it is now down 898 points since the start of the year, for a two week decline in value of 6.9%, with no end in sight.

On January 22, 2001, on the first trading day of Herr Busch’s Presidency, the Dow was at 10,578, which means in the last 7 years it has climbed all of 1,581 points, for an average gain of about 225 points a year.

Considering that it’s considered healthy for the Dow to gain about 10% a year, right now it should be hovering near the 20,000 point mark, so seen this way, we’re looking at a shortfall of somewhere around 8,000 points.

Heck of job, Buschy.

What’s really scary in all this is that you just know that Wall Street has not even begun to come clean as to how deep the damage is.

So far all this wreckage is being blamed on the sub-prime loans, and the CDOs these rat fuck geniuses sold amongst themselves, in probably the greatest legal Ponzi Scheme in financial history, but I’ve heard nary a mention in the Financial Press that not only were sub-prime loans CDO’d to the hilt, but they’ve been doing the same damn thing with credit card and Stupid Ugly Vehicle car loans.

Which might not be a bad thing, if people pay their credit card and Stupid Ugly Vehicle car loan bills on time, but we’re now starting to see a wave of mass defaults in both those sectors as well, which will render the CDOs based on those loans just as worthless as the sub-prime ones.

Gonna be an interesting year, glad all my assets are in Euros, and out of the country, though when the inevitable collapse comes, after this slow moving train wreck of a crash we’re in the middle of runs its course, that might not matter.

Where ya gonna go?

This is the subject of another post, but I find it fascinating how the new founded attacks by the Right Wing Noise Machine on FDR’s Legacy have picked up in frequency and volume over the course of the last few months. Gotta wonder just how far they’re going to take it? Especially since what we're going to need more than anything else from this point on is for one of our leaders to step up and assume FDR's mantle, or ready ourselves to be consigned to the dust-heap of history.

祝你生活在有趣的时代, indeed.

~Nyc

Let's get honest here, dear propagandist. The stock bubble burst in 2000, when Clinton was President. when a bubble bursts, it deflates back to where it started. The housing bubble has burst and it will deflate back to where it started. One occured under Clinton and one under Bush jr. democrat and republican. Heck of a job Clinton and Bush.

The DOW went from 10,578 to 14,000. Yes is down to 12,xxx. But no democrat is going to save the DOW, any more than any republican can. The DOW had a parabolic rise, just as the nasdaq did. Parabolics always fail. Doesn't matter which party is in the White House. The nasdaq dropped 45% while Clinton was still president, after the bubble burst in 2000. The nasdaq dropped 76% from 2000 to 2002. The DOW dropped 89% from 1929 to 1932.

The legacy of FDR was that the depression lasted all the way through the 1930's.
It does not matter who picks up any mantle, in terms of the Big Picture.

The credit bubble will burst and deflate, if it hasn't already burst. No republican or democrat can prevent that from occuring.

According to financial blog, FED chairman mentioned the word deflation today, in a speech.

A burst credit bubble is deflationary. A credit bubble is what we have.

No Hoover, no FDR can fight the inevitable and win.

Cramer told people to buy Countrywide when it was in the 40s. This guy counts on people having early onset Alzheimer's

We gave the BANKERS the ability to print as much US CURRENCY as they wanted, or could get away with... we should not be surprised that they over-printed.

Ron.j @ 88:

Dustin de Wynde @ 74:

The Dow was at 13,057 on the 3rd of January, 2008, and today it closed at 12,159, so it is now down 898 points since the start of the year, for a two week decline in value of 6.9%, with no end in sight.

On January 22, 2001, on the first trading day of Herr Busch’s Presidency, the Dow was at 10,578, which means in the last 7 years it has climbed all of 1,581 points, for an average gain of about 225 points a year.

Considering that it’s considered healthy for the Dow to gain about 10% a year, right now it should be hovering near the 20,000 point mark, so seen this way, we’re looking at a shortfall of somewhere around 8,000 points.

Heck of job, Buschy.

What’s really scary in all this is that you just know that Wall Street has not even begun to come clean as to how deep the damage is.

So far all this wreckage is being blamed on the sub-prime loans, and the CDOs these rat fuck geniuses sold amongst themselves, in probably the greatest legal Ponzi Scheme in financial history, but I’ve heard nary a mention in the Financial Press that not only were sub-prime loans CDO’d to the hilt, but they’ve been doing the same damn thing with credit card and Stupid Ugly Vehicle car loans.

Which might not be a bad thing, if people pay their credit card and Stupid Ugly Vehicle car loan bills on time, but we’re now starting to see a wave of mass defaults in both those sectors as well, which will render the CDOs based on those loans just as worthless as the sub-prime ones.

Gonna be an interesting year, glad all my assets are in Euros, and out of the country, though when the inevitable collapse comes, after this slow moving train wreck of a crash we’re in the middle of runs its course, that might not matter.

Where ya gonna go?

This is the subject of another post, but I find it fascinating how the new founded attacks by the Right Wing Noise Machine on FDR’s Legacy have picked up in frequency and volume over the course of the last few months. Gotta wonder just how far they’re going to take it? Especially since what we're going to need more than anything else from this point on is for one of our leaders to step up and assume FDR's mantle, or ready ourselves to be consigned to the dust-heap of history.

祝你生活在有趣的时代, indeed.

~Nyc

Let's get honest here, dear propagandist. The stock bubble burst in 2000, when Clinton was President. when a bubble bursts, it deflates back to where it started. The housing bubble has burst and it will deflate back to where it started. One occured under Clinton and one under Bush jr. democrat and republican. Heck of a job Clinton and Bush.

The DOW went from 10,578 to 14,000. Yes is down to 12,xxx. But no democrat is going to save the DOW, any more than any republican can. The DOW had a parabolic rise, just as the nasdaq did. Parabolics always fail. Doesn't matter which party is in the White House. The nasdaq dropped 45% while Clinton was still president, after the bubble burst in 2000. The nasdaq dropped 76% from 2000 to 2002. The DOW dropped 89% from 1929 to 1932.

The legacy of FDR was that the depression lasted all the way through the 1930's.
It does not matter who picks up any mantle, in terms of the Big Picture.

The credit bubble will burst and deflate, if it hasn't already burst. No republican or democrat can prevent that from occuring.

According to financial blog, FED chairman mentioned the word deflation today, in a speech.

A burst credit bubble is deflationary. A credit bubble is what we have.

No Hoover, no FDR can fight the inevitable and win.

As much as people like to simplify things and place the blame on one person, the true causes go way above any President. There have been booms and busts when both a democrat and Republican were in the White House, so it is STUPID to make something as big as this a partisan thing.

Second, the President doesn't "run" an economy. It is false to say "well, since the market performed well when so-and-so was President, that means they are a good President". This is like saying it was sunny outside yesterday, and the hometeam won the ball-game, thus whenever the home team wins, it is sunny. The two are unrelated.

The problem lies deeper. The problem STARTS at the Fed. Their whole mandate is to "stabilize" the price level, that is, "control inflation". If our society's wage earners and the businesses they work for innovate, work harder, and/or increase production with the same or less amount of inputs, i.e. costs, then what happens is that more will produced with the same labor, and hence prices will drop. This is good for business because business can sell, say, twice the amount of goods at half the price, thus their revenues will go unchanged, and hence profitability will go unchanged. By the same token, the wage earners see a rise in their standard of living, because their wages can now buy more goods.

Productivity increases are the SOLE basis for generating rising standards of living for wage earners. The only way for productivity to rise is if the division of labor increases, and economic freedom allows business to innovate and seek profits. Profit seeking, although chastised by many people, actually has a huge function in the economy. If businessmen did not seek profits, then resources would not go to where they are most urgently required. Resources would be wasted because they would go into productions whereby the output is not valued as high. It is only when the output is valued highly that profits can exist. This is why central planning does not work. Central planners cannot know which lines to devote the resources to. The result is economic chaos much like what existed in the USSR. It was common to have a hundred trucks being built, but because profit making could not tell the makers which resources to devote where, what ended up happening is that the trucks did not have enough screws for the tires to be fastened with.

Economics is not some chaotic miasma of greed in action, which creates hardships for everyone if it is not controlled. Economics is a new phenomenon in history...capitalism is the most advanced society the world has ever known, because it is the only system that can guarantee that resources are allocated to where they are urgently required.

Capitalism is actually MORE democratic than democracy, because people "vote" every time they make a purchase. Everytime you buy a loaf of bread, or a birthday cake, or medicine for your family, this purchasing sends a signal, a vote, telling businessmen what to produce, where to produce them, and in what quantity. You also tell what countries you like to visit, how to get there, and who you converse with in those countries and what you do for fun with those people.

Regular democracy can't hold a candle to this. In regular democracy, you vote only once every 4 years!!! In between that, you get fucked, because there is nothing you can do. If we vote for a bad President, we have to wait years before we have a chance to tell the leaders what we want. Capitalism makes mince meat out of democracy because it is system of continuous adaptation, voting, change, and improvement. Those "capitalist pigs", whether you like it or not, are doing more for you and I than every politician in Washington put together multiplied by 1000.

The key is that the capitalist pigs are benefiting THEMSELVES at the same time as you are being benefited by using what they produce, and I think THAT is what irks you so much. You want people to do for you without you doing for them. You want something for nothing.

Ron.j @ 88:

Let's get honest here, dear propagandist. The stock bubble burst in 2000, when Clinton was President. when a bubble bursts, it deflates back to where it started. The housing bubble has burst and it will deflate back to where it started. One occured under Clinton and one under Bush jr. democrat and republican. Heck of a job Clinton and Bush.
The DOW went from 10,578 to 14,000. Yes is down to 12,xxx. But no democrat is going to save the DOW, any more than any republican can. The DOW had a parabolic rise, just as the nasdaq did. Parabolics always fail. Doesn't matter which party is in the White House. The nasdaq dropped 45% while Clinton was still president, after the bubble burst in 2000. The nasdaq dropped 76% from 2000 to 2002. The DOW dropped 89% from 1929 to 1932.
The legacy of FDR was that the depression lasted all the way through the 1930's.
It does not matter who picks up any mantle, in terms of the Big Picture.
The credit bubble will burst and deflate, if it hasn't already burst. No republican or democrat can prevent that from occuring.
According to financial blog, FED chairman mentioned the word deflation today, in a speech.
A burst credit bubble is deflationary. A credit bubble is what we have.
No Hoover, no FDR can fight the inevitable and win.

Michael Richards, please.

I may have been born at night, but it wasn't last night.

It's not propaganda, but a stone cold fact that when Clinton took office the Dow was trading at the 3,200 point level, and even when the dot.com.bomb bubble burst in 2000 it stayed at the 10,000 point level for a good year after he left office, triple with what he started with in 1993, and even when it bottomed to the 7,500 point range in October of 2002, it was still double with what Clinton started with in 1993, and not back down to the 3,200 level.

At its worst, the Dow was up 100% over what Clinton started with, at its best, under Bush, the Dow hasn't even risen over 50% with what Busch started with, and today it's barely up 20% over the course of the last 7 years, or roughly 3% a year.

See the difference?

I know you can.

There's a word for how our markets have performed under Busch, and that word is.... pathetic.

In order for the Dow to reach such comparable levels that it did under Clinton, under Herr Presidente Commandante For Life Busch, it will have to reach either the 20,000 to 30,000 point levels within the span of this coming year.

Do you see that happening?

Neither do I.

As far as FDR's Legacy being the Great Depression, that's an interesting concept, considering that Crash of 1929, that evaporated 90% of the Dow's value between then and 1932, happened in, like, such as, you know, the year 1929 and FDR wasn't even sworn in as President until March of the year 1933.

So how do you spin the Great Depression as being his Legacy, since he was elected to unfuck what his predecessors did, and by all accounts, given what he had to work with, did a bang-up job.

Did he have a Time Machine that's not mentioned in any of the history books?

And on top of that FDR defeated Germany, Japan in World War II, pretty much with one hand tied behind his back.

Busch can't even handle an occupation of a country that's 12 times smaller than the United States, what's up with that?

Not bad for a cripple who was a traitor to his class because he couldn't abide the thought of America's elderly poor starving in the streets, like they're on the way back to doing now, which is exactly what's going to happen to yours, mine, and everyone else's parents in this country if things keep going down this path.

~Nyc

He does.

Cramer gets behind the curve very often but at least the majority of the
cases he tries to get ahead and stay ahead especially when his company
"The Street.Com" is looking for a buyout from CNBC.

FreeDumb @ 99:

"Listen. When the president can’t DEFICIT spend his way out of this mess because he’s already over his head in debt, It IS his fault."

But you're assuming that the President can personally make the decision to spend! Spending requires Congress. The President doesn't own debt either. YOU are stuck with it.

"Capitalism is simply the description of a market mechanism which works in some cases and doesn’t work in others."

According to your rather innocuous definition, communism would be capitalistic, socialism would be capitalistic, fascism would be capitalistic. Any and all processes that work sometimes and does not work in others describes virtually everything that occurs in human society. Capitalism does not claim to be perfect, only the best we have so far. But progressives, who naively think that they are "improving" and moving things forward, are actually moving us BACKWARDS, because every "solution" they have has already been tried before but failed.

"And BTW voting with your money is OLIGARCHY, not democracy."

No, oligarchy is when only a handful of people own everything.

L.A. Confidential @ 27:

Know the difference between a used car salesman and Cramer?

The used car salesman knows when he's lying.

:lol:

Drew @ 69:

EZ @ 65:

Recession, recession, & recession is all but true.

Check the experts:Tuesday, January 15, 2008
HONEY, PASS THE BUCK, PLEASE ...

Nobel laureate in economics Joseph Stiglitz is concerned about the economy. But he also lays the problems we're seeing squarely at the feet of Alan Greenspan and George Bush. Specifically, he tells us that "Alan Greenspan really made a mess of all this." Specifically, Greenspan:

1) Supported Bush's tax cuts in 2001, which added debt.

2) Encouraged banks to extend large low interest loans when markets needed to cool off (i.e. "He pushed out too much liquidity at the wrong time.")

3) Encouraged people to take out variable-rate mortgages they wouldn't be able to afford if rates went up.

More on the subject: OVERBLOWN, OR OMEN?

Another investment/financial guide arrived today with some interesting observations. After noting that IBM's profits were artificially boosted by "currency moves in their global sales" (topic for another day) Angora Financial tells us that Citigroup "announced a cornucopia of bad news":

- $18 billion write-down

check the website of financial experts:

http://www.markmartinezshow.blogspot.com/

Even if Stiglitz has a Nobel, you should not be taking anything he has to say seriously. It is his ideas that contributed to the mess. He has a Nobel because socialists win Nobels these days. That much is clear.

Stiglitz really has no idea how free markets work, he is more concerned with how to "harness" the market, like it is some rat in a cage that needs a good poking every now and then to jump around like a cheap 5-year old birthday clown.

He blames tax cuts for problems, yet he doesn't even consider SPENDING??? If taxes go down, and spending goes down, how can debt increase? It can't, but you won't hear Stiglitz say anything about reducing government spending because he is a whore. He, like many anti-capitalist pigs, have no problems talking about and writing up Nobel Prize winning papers on the best way to spend other people's money. That's him in a nutshell...

Time is going to look back at our times and ask why did an idiot like Stiglitz get an award? How stupid was the human race in 2007???

First, Joseph Stiglitz does not have a Nobel Prize in Economics, and is not a Nobel Laureate, because there is no Nobel Prize in Economics. In 1968, the Sveriges Riksbank established the Sveriges Riksbank Prize in Economics in Memory of Alfred Nobel. The Royal Swedish Academy of Sciences selects the winner. So you can call him an Economics Prize winner, even an Economics Laureate, but not a Nobel Laureate. A small point, but such is research.

Second, you claim "he has a Nobel because socialists win Nobels these days." Really? There have been 15 winners of the Economics Prize from 2001 (the year Stiglitz and two others won) to 2007. How many can you empirically demonstrate are socialists?

Third, having identified the alleged socialists, please empirically demonstrate that the achievements in the study of economics for which Stiglitz and others of his alleged ilk were not worthy of recognition.

Perhaps you can also demonstrate the Royal Swedish Academy of Sciences selection committee had a socialist agenda when choosing the prizewinners, and in fact favours 's politics over actual research and accomplishments.

Please note that the peace prize is not awarded by the same committee, so you can refrain from bringing up Al Gore.

Ignoring things rarely is a good idea, especially if the things you're ignoring are BAD.

Example: Tooth decay. Ignore your teeth and they'll go away, is the saying.

Example: Global warming. Our ingenious politicians and industrialists have been completely ignoring the ominously accelerating pace of climate change. Result? Our way of life will soon wither and die.

Example: The National Debt. Did you know that BushCo stole your credit card and used it to purchase a Hummer? Yup, and then it got all blowed up in Iraq. Cost to you, about $35,000 dollars. But don't worry, it'll be your kids and grandkids that will pay for most of it. Or maybe we can cancel the debt by giving Texas to China!

Example: Peak Oil. Speaking of Hummers, you know how much it costs to fill up a 32-gallon tank with premium gasoline? If you don't know, you can't afford it. Stock Tip: Invest in electric scooter futures.

Oh, and CNBC is not business news. It is it stock market gambling station. They are solely concerned about informing and advising people who sit on the sidelines moving their assets around and deluding themselves they are contributing to investment. Economists know the stock market has little to do with our economy and buying stock is not investment unless it's a new stock issue tied to funding a corporation's capital investment project. The sadest part is that CNBC is of zero help even to their gambling viewers. The Efficient Market Hypothesis ensures that the current price of a stock already contains the risk-discounted expected value of those shares, including all publicly-available information. Since CNBC is not allowed to provide illegal insider information, the best way to pick stocks is by throwing darts at the stock market listing in the papers. Finally, CNBC needs to post a disclaimer on their crawl continuously that views, forecasts, and information provided are for recreational gambling purposes only and should not be confused with real, meaningful information about business and the economy.

Should they just lie about the economy?

How many bowls of STUPID did they have this morning?

The President lies about it, FOX lies about it.

And America stands by and does what? Allows FOX to own more of the media?

Bush Before, "I created the economy of Home Ownership." (Paraphased)

Bush now, "I had nothing to do with this economic chaos in the markets today." (Paraphased)

maybe matt was playing the devils advocate?

i've been watching these talking heads a little more closely and they all suck.
their own arrogance has them so blindfolded.
they have too much control.
the fact is...they don't know squat.

My prediction for President Bush's economic stimulus plan.

1. Cut taxes for the top 1% to help the middle class
2. Print more wooden nickels
3. Trade weapons to Arab nations in exchange for them investing in our corporations
4. Start war with Iran right-away since them attacking us could seriously hurt our economy
5. Pardon scooter Libby
6. Force Liberals to wear a scarlet 'L' so they can be identified.

Umm....the 'free market' isn't free....

You know those rules and stuff that govern business across the world....yeah...umm...the courts that those same 'free market' loving corporations use to sue one another into oblivion (any 1st year business law student knows full well and good that the majority of lawsuits are corps vs corps)....yeah...those courts don't run for 'free'.....the market is set by the rules in place....

If you want a 'free market' go back to the middle ages where your neo-feudalism belongs...oh...btw, bring leeches....they'll burn you at the stake if you have alchemy on you (tylenol, etc)

The 'free market' is as ridiculous a notion as the 'fair tax tooth fairytale'....it 'sounds good' to the masses that don't do their homework...until they realize that a 27% sales tax makes their $200,000 home, actually cost them $250,000 before interest....

Also this played out 'anything that doesn't agree with the 'free market' crap is 'socialism/communism'...is completely nonsensical....go stroke to Jonah Goldberg & Michelle 'Tom Delay is my personal hero' Malkin

Please educate yourself (oh....I'm not a 'socialist/communist'...I just know from personal experience that the 'market' you love so much isn't even half of what you think its cracked up to be --- if you want to live in a 'free market' governed country I suggest Iraq...that's what the con-servatives are trying to setup there...enjoy)
http://www.commondreams.org/views04/0312-08.htm

The 'free market' mentality first demonstrated by the Reaganites...has led us to what we have today....namely 9 trillion in deficit (4 trillion by Reagan), dollar almost on par with peso, and the ultimate 'free market' deregulation wet dream....the sub prime mortgage crisis...where gold driven Saudi Arabia & the Chi-coms are bailing the U.S. banking system out...

Lauer was being sincere and relevant; he wasn't pushing hard. Let's not be demagogues.

Boycott the Today show.

I'm serious.

His program gives air and voice-time to EVERY piece of propaganda that slips out the cheeks of Dick-head Cheney.

If anything, Lauer is exposing himself - that he rather lie then tell the hard truth. He probably thinks we should lie about Iraq to keep support up "for our troops". He probably thinks we should lie about the election results to keep the White House in the "right hands". He probably thinks we should like about our country's growing police state (spying, detentions, torture, police brutality) to keep support up for the war OF terror.

Shouldn't people know about the economic climate of the country they live in?? Well what do you think will happen when people are afraid to spend, not because they hear the economy is bad..but because they keep hearing the economy is good and they can't tell if the media's telling the truth this time. Talk about destroying consumer confidence, people will be keeping money under the mattress because they'll always be uncertain if the Lauers of the media are lying.

I SAY WE TAX THE SHIT OUT OF THE RICH.THEN TELL THEM TO FUCKOFF.

THE RICH IN THIS COUNTRY HAVE BEEN GETTING A FREE RIDE.TIME TO PAY THE PIPER RICH BASTARDS.

They talk in assumptions about the economy based on data provided. I don't know how one can classify an assumption based on economic data to be a lie...

Can tax cuts cure baldness?

Calm @ 44:

America has been in a steady decline for 20 years now.

The U.S. Federal debt was $1.142 trillion in 1982.
On September 30, 2007 the U.S. government owed $8.993 trillion. America is spending 7% more then what it earns or produces each year.

The only reason America "appeared" to be recovering since the 1982 recession is because the Americans borrowed 10 trillion dollars.

I would think that America is now about 40 or 50 trillion in the hole and credit card debt is another trillion dollars.

The only reason that there was a Dot-Com Boom was because the American's allowed every corporation to buy all types of technology equipment/programs and write the complete cost off. The excuse America used was the "Y2K Bug". The American government created the Dot-Com Boom as a means to stimulate the faltering economy.

The same thing goes for the Sub-Prime crisis. This was a deliberate and intentional policy of the American government in an effort to stimulate retail sales. Before instituting this lending scheme, the American governnment brought in new personal bankruptcy laws in 2005. Then the American bankers encouraged the lending of money to unsuspecting home buyers and who can't very easily declare personal bankruptcy. The American government used this loan scheme to pour billions into the economy. 60% of American employment is tied to the construction industry and it is American home owners who feed the retail sector.

This "Recession" is going to be worse then 1982. All the American politicians are talking about stimulating the economy but America is bankrupt. They can't even raise enough cash to bail out the banks. Just this week, the largest bank in the U.S. had to go to Singapore and China to grab some cash to stave off bankruptcy. There is no way that they will find any cash to save the decline of America. Even the insurance companies which insured these sub-prime loans are now bankrupt.

The auto sector is bankrupt. The major auto manufacturers are selling off all their assets before they declare bankruptcy. If they did not sell their assets to India and China, then the workers are entitled to seize assets in lieu of lost pension funds. With the selling of the assets now, the shareholders are raping the pension fund and running off with the dividends now.

American's think that they are immune from the same financial disaster which the U.S.S.R. suffered through in the 80's or as every other past empire had happen all throughout history. In the next five years, 75 million Americans who were born after WWII, are gonna be standing in line to collect social security at 23 thousand dollars per year. In addition; Public Sector (civil servants) Retirement Benefits will cost $2.73 trillion. There is no way in hell that the Capitalist System can ever hope to keep the promises made to the Working Class over the past 50 years.

The Federal government can't even face up to their responsibilities to those disabled folks who qualify right now for social security payments. For sure the government will not be able to meet the payments for the 75 million expected retirees during the next 5 years.

Disabled And Waiting
CBS News Investigation: Backlog In Disability Benefits System Leaves Thousands Of Vulnerable Americans Stranded
A two-month CBS News investigation has found that over the last two years, at least 16,000 people fighting for disability benefits died while awaiting a decision.
Overall, the backlog of cases now stands at 750,000 - up 150 percent since 2000.
It could take 2.5 years to get your hearing.
Examiners warned by their superiors that approving claims today could cost the government millions tomorrow.
"So are you saying, in essence, there was a quota system?" Keteyian asked.
"Every state had different numbers," she said. "They know that a certain percentage of people, once denied, will never file an appeal."
January 14, 2008
Part I of II
http://www.cbsnews.com/stories/2008/01/14/cbsnews_investigates/main37126...
Part II of II
http://www.cbsnews.com/stories/2008/01/15/cbsnews_investigates/main37181...

If executives at Enron, Tyco or Worldcom resort to such financial mismanagement, cheating shareholders out of their future retirement, they end up in jail.

When politicians do it, they get re-elected.

And don’t forget the spiraling costs of health care of an aging population.

This is why all the "Domestic" terrorism laws have been introduced. Martial Law will be imposed. I think that the establishment would prefer that Obama become president because the Lower Class are more likely to listen to "One Of Their Own" as the economy crumbles.

China is the new kid on the block.

As America declares "bankruptcy", a new currency will need to be in place and it will be called the "Amero" and it will be the currency for all of North America. (Mexico, U.S.A. and Canada.)

THANK GAWD SOMEBODY IS PAYING ATTENTION.
J. CASE
IN THE PHILIPPINES ALREADY

The U.S. government has a ton of futurists working and calculating the financial status of the country. Just as Britain knew well in advance of it’s decline as a world economic power in 1870 and which did not occur till immediately after World War One, the American’s know too that the writing is on the wall as China takes it’s place upon the world stage.

The United States was not called a “Great Power” until about 1892.

After the Napoleonic Wars in Europe, (1814-15) there was no power on earth which was greater than the British Empire. “As good as Sterling” was the same as the U.S. dollar or “Greenback” is today. Around 1850, is when the British Empire began it’s decline.

Just as America is doing now, from 1883 to 1913, Britain increased its dependence on imported goods following the introduction of free trade.

About 1870 the German Reich emerged as a new economic player on the map of Continental Europe in the same way that China is doing so at this moment in time. In August 1914, Britain declared war against Germany in an attempt to stop the development of Germany’s economy which was a threat to British hegemony.

Immediately following the end of World War I, Britain collapsed as an “Economic Power” and America became the dominant world power. The Balfour agreement (1917) initiated by the British and giving the Jewish Folks a home in Palestine was in return for Jewish Banking assistance during World War I. Britain’s World War II costs were financed by American banks and Britain did not complete repayment of these American loans until December 2006.

There is huge anger mounting towards the government.
http://www.scrippsnews.com/911poll

“Americans are the only people I know who believe their own propaganda.”
–Deborah Eisenberg, American writer–

It was Bill Clinton who first introduced the Patriot Act and appointed a “domestic military czar”. Clinton and his furturists recognized the decline of the American empire.

Google:
Presidential Decision Directive 62, Protection Against Unconventional Threats to the Homeland and Overseas, dated May 1998, and Presidential Decision Directive 39.

We can expect to hear American’s totally demonize Chinese products and hide behind “Safety” and “Green” rather then the real truth being trade barriers. The Olympics will be shown as a “polluted” games and where China is responsible for all of America’s woes. (Just as Britian demonized Germany prior 1914.)

This is why all the “Domestic” terrorism laws have been introduced. Martial Law will be imposed. I think that the establishment would prefer that Obama become president because the Lower Class are more likely to listen to “One Of Their Own” as the economy crumbles.

As America declares “bankruptcy”, a new currency will need to be in place and it will be called the “Amero” and it will be the currency for all of North America. (Mexico, U.S.A. and Canada.)

Quiz: What kind of Anarchist are you?
By BiffoTheBear
http://quizfarm.com/test.php?q_id=37281

The only reason Hitler came to power was because of the depression of the 1930’s.

Poor Folks in Europe suffered alot more then the Poor Folks in North America. The Poor Folks in Europe watched the Rich Folks flaunt their wealth during the Roaring 20’s …. and they remembered this as the Poor Folks were selling their family heirlooms in Pawnshops. It just so happened that a majority of the pawnshops were owned by Jewish Folks and Gypsies.

The Rich Folks in America are running scared! The Partiot Act is for the protection of the Rich Folks because they don’t want a Hitler-Trip to happen in America.

Unions which support or organize protests will be called extremist groups.

The media is broadcasting “Religious” themed shows because the establishment is trying to sell the Poor Folks a conscience.

As the Rich Folks walked by the Poor Homeless person upon the street during past years …. the Rich Folks don’t want the Poor Folks walking by them as they are strung-up on lamp posts.

The establishment knows that the internet is the greatest threat to them. We can expect many stories within the media which demonizes the internet and paints everyone as a pedophile. Laws will be introduced where you will need a broadcast licence to offer videos on the net. A broadcast licence costs millions and only the establishment will be able to afford them.

We can expect the American election campaign to be about how “Strong” and “Decisive” the new American president will need to be in order to take away all the promises which Corporate America made to the Working Class. American’s will be told that the loss of the social security net promised within a Capitalist System is a “Proud” part of American democracy and not something to be ashamed of.

The election campaign will be a Rodney-King-Trip of “Can’t We All Just Get Along?”

The election will only be …. a choice between Tweedledum and Tweedledummer. There is little difference between the candidates or political parties …. It will be an election of Regime Rotation between the Democrats and Republicans ….and which, in truth, provides only an illusion of a functioning democracy.

Calm