Bail outs, bubbles, phony prosperity, and ostriches
March 5th, 2010 | by admin |
Unemployment claims reach a 26 year high
http://biz.yahoo.com/ap/081211/financial_meltdown.html?.v=23
Vegas gets hammered, down 22% for October, the 10 straight month , first recession ever to hit vegas
http://www.lvrj.com/news/35952509.html
The perception of a sound dollar will soon end
http://www.marketwatch.com/news/story/Dollar-falls-sharply-grim-economic/story.aspx?guid=%7B204713B9%2D1B3C%2D48D6%2D8CB7%2DE0FA64705B7D%7D
Foreclosures may be up a few hundred percent, but the party is just getting started.
http://money.cnn.com/2008/12/11/real_estate/foreclosures_sink/index.htm?postversion=2008121108
http://www.bloomberg.com/apps/news?pid=20601103&sid=au1wYjy9hoSE&refer=us
Defaults will soar
http://www.ft.com/cms/s/0/7e3d4eae-c575-11dd-b516-000077b07658.html?nclick_check=1
The final bubble, bye bye U.S. Dollar
http://www.bloomberg.com/apps/news?pid=20601103&sid=at.e0xwtyWrk&refer=us
Gold backwardation
http://ftalphaville.ft.com/blog/2008/12/09/50227/the-gold-backwardation-theory/
No matter how you look at it, the dollar is doomed
http://ftalphaville.ft.com/blog/2008/11/19/18404/the-doomed-dollar/
Duration : 0:29:20
25 Responses to “Bail outs, bubbles, phony prosperity, and ostriches”
By barney1596 on Mar 5, 2010 | Reply
This current …
This current situation is unlike any before.
Our President and Congress are hell-bent on obligating the US far beyond its means. Garner Ted Armstrong has been warning about this economic disaster and the emergence of a reorganized European Community for years. Many of his videos are on YouTube, Critical Time – Must See Video – 15 Points
By YouGotTheWord on Mar 5, 2010 | Reply
Keep the truth …
Keep the truth coming. Thanks.
By ThatGuyAgen on Mar 5, 2010 | Reply
…
BOOOOOOOOORRRRIIIIINNNG, sorry but painfully boring in my opinion
By panterastang on Mar 5, 2010 | Reply
There was a guy …
There was a guy running for pres. who actually understands economics to bad america was busy voting for the guy who looked good.
once again…suckers.
The federal reserve is about as federal as Federal Express
By Teyec00n on Mar 5, 2010 | Reply
I agree with …
I agree with everything you said except that the Republicans aren’t at greater responsibility since I believe it’s the Presidential administration that sets the platform for the Federal Reserve and not them acting independently and freewheeling. The Bush admin policies turned this economic stimulus idea to 11 to fund his war AND provide tax cuts primarily for the wealthy. That set the stage for this insanity.
By 3904070 on Mar 5, 2010 | Reply
this video was good …
this video was good
why cant i see the video qX
By pitbullmoney1 on Mar 5, 2010 | Reply
get the truth out …
get the truth out bro!
lil giant
By visionvictory on Mar 5, 2010 | Reply
95% of the viewers …
95% of the viewers on this channel are not regular youtubers, so I will be posting tomorrow in order to keep my word regarding Friday updates. For those of you who plan to boycott youtube this weekend, I will be posting a duplicate video on revver. com.
By mitchee009 on Mar 5, 2010 | Reply
A new system is …
A new system is forming and soon will transition in unprecedented ways into a new system that will flush for human beings in a very fresh and blessed way. A change is approaching very soon, as this change has broken through the matrix and is rectifying the cosmic flow of this world.
Keep well dear Olseabee, and best wishes to your family, my friend.
Cheers,
Mitch
By mitchee009 on Mar 5, 2010 | Reply
“Well how long do …
“Well how long do you think the foreign raiders will let the American middle class investors be a part of corporate investment??”. Olseabee, i hope you are well my friend. It is not about whether it’s Foreign or Domestic, the soul of the matter is that the Law of Morality has dying on a death bed, as it has been stripped away from the Law of Humanity. Even if the Law of Morality is still alive, which i believe it is, The damage done from Wicked Evil People, no matter what creed, causes Doom.
By BendoverBernanke on Mar 5, 2010 | Reply
I believe davincij …
I believe davincij was being sarcastic. He is a gold bug.
By centervilletn on Mar 5, 2010 | Reply
tennessee is not …
tennessee is not much better than any place else…i live close to gm’s saturn plant. Forclosures around springhill are growing, same with housing in Williamson county..(one of the richest percapita in the country).
No jobs anywhere…for anyone…just like everywhere else.. a friend working for marriot in nashville said they are cutting hours and trying to get people to quit instead of laying them off.
The economy is getting a grip on the throat of mainstreet.
By sunamori6765 on Mar 5, 2010 | Reply
What to do while …
What to do while out of YT:
watch?v=wKY9S1V5v_Y
By puddleofthe on Mar 5, 2010 | Reply
jcwitness
isn’t …
jcwitness
isn’t that nice your sticking up for your friend that made this gay video. i hate people that predict then comes true. than talks about how they were right. so go take a shower and get laid. oh wait you can’t. you would have to lose some weight first. playa
By jcwitness on Mar 5, 2010 | Reply
thanks for the …
thanks for the participation, Ken.
BTW, How’s things in Ten?
Indiana: the entire city of Kokomo is going to go bust because their industry revolves around supporting AC Delco that relies on Chrysler (that is shutting down).
By jcwitness on Mar 5, 2010 | Reply
davincij,
Saying …
davincij,
Saying dollars are ‘real money’ is absurd.
If it was ‘real money’, then the value would not fluctuate and a dollar saved 100 years ago would have the same purchasing power today.
Yes, Gold is a mineral found in the ground. It has both intrinsic and industrial value.
whiteplaya just had his front grill (teeth) decked out with it. Word up.
By jcwitness on Mar 5, 2010 | Reply
WhitePlayer1,
You …
WhitePlayer1,
You just proved that you are spouting and vinegar and have nothing useful to say.
When you are taken to task on a point, your response is ‘well…you mighat as well have..’
Your comments are baseless and witless.
Just because everyone can have a say-so, does not infer that you should have the compulsion to exercise that right, Playa.
(BTW, anyone referring to themselves as a ‘playa’ must be a suburban, Vanilla Ice wannabe). Playa
By jcwitness on Mar 5, 2010 | Reply
The largest reason …
The largest reason is that India is the world’s largest exporter of rice. You might hear BS about energy prices, yada yada, but the big problem was that India started hoarding it because of other issues (soaring domestic food prices–almost doubled in March 08).
The country even banned the export of rice and wheat. They are hoarding 26 million tons of wheat and just extended the ban until next April.
That will have repercussions to consuming nations (USA).
By TheDudeJeffLebowski on Mar 5, 2010 | Reply
Youtube boycott …
Youtube boycott starts 2-nite, 12pm. 3 days.
By Daverha on Mar 5, 2010 | Reply
Peter Schiff–>> …
Peter Schiff–>> LEADING HIS LAMBS TO SLAUGHER
US Dollar index is up this year.
ECB is going to ZERO.
Treasury market is in rally mode.
Schiff said foreigners would dump our debt.
By florgat91 on Mar 5, 2010 | Reply
yes – Peter seemed …
yes – Peter seemed particularly bleak on this weeks radio show.
By hotcloud on Mar 5, 2010 | Reply
Having read the …
Having read the comments by the people on this thread, I am convinced that by far the majority have a good handle on the state of affairs with regard to our economies.
If you Google chris martenson crash course you will find an on-line condensed version of how the economy has got into such a mess and why it cannot be easily rectified. Its an eye opener and may change the mind of the people who hold contra views to VV. There are 20 chapters in reasonable chunks.
By BendoverBernanke on Mar 5, 2010 | Reply
Thanks sbmillionair …
Thanks sbmillionair
Also in this article:
Super Bowl security efforts included personnel and resources from the U.S. Department of Homeland Security and U.S. militarys Northern Command, which coordinated with Arizona officials. The Northern Command was created after 9/11 to have troops and Defense Department resources ready to respond to security problems, terrorism and natural disasters.
By BendoverBernanke on Mar 5, 2010 | Reply
We all know that …
We all know that quote was only directed at us the “workers”.
By hotcloud on Mar 5, 2010 | Reply
Looks like the UK …
Looks like the UK will be lowering interest rates to the same level as the US, now there is talk of quantitive easing