Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Most Do Not Realize How Bad it Really Will Be (The Coming Economic Depression)
comingdeprssionblogspot.com ^ | 9/13/2009 | Economic Analyst

Posted on 09/13/2009 2:19:29 PM PDT by Signalman

At the end of this past July, one of the largest ports in America, Long Beach, reported that the 20% year-over-year cargo business decline is among the sharpest since the Great Depression. This is not a trend specific to Long Beach. “It’s phenomenal how much things fell away even since December,” said Paul Bingham, managing director of global trade and transportation for IHS Global Insight, the business research firm that monitors North America’s biggest ports for the National Retail Federation.

As of September 4, 2009, shadowstats.com reported that unemployment in the US is now near 21% and is showing no signs of improving any time soon (when factoring in discouraged workers, part-time workers that can’t find full-time work, unemployed workers that have fallen off the unemployment roll, etc.). In fact, yesterday, Manpower’s Employment Outlook Survey reported that US employers’ hiring plans for the upcoming fourth quarter dropped to the lowest level in the history of its survey which dates back to 1962.

(next) For those unfamiliar with the term “blowback”, it's a CIA term that was first used in March 1954 to describe the unintended consequences of US government international activities kept secret from the American people.

Though this term has primarily been used to describe the consequences of covert military operations, “blowback” is an appropriate term to use to describe the coming consequences of banking fraud because the US government, US Federal Reserve, Wall Street, the US Treasury, and the Exchange Stabilization Fund have all engaged in domestic and international financial and monetary transactions that have been kept secret from the world, and that will have severe and negative consequences in the not so distant future. In fact, I predict that the blowback of these activities will not only exceed, but far exceed, the fallout the world experienced in 2008 at the prior apex of this current crisis. Most people today can not even fathom how bad the situation will become primarily because of all the secrecy that the banksters have engaged in – in US Treasury markets, the gold markets, the US dollar markets, agriculture commodities, stock markets, and financial markets – in hiding reality from the people. (finally) Instead, they will only realize the truth when the economic future unfolds to the blueprint of those of us the media labels as “gloom and doomers” because we base our predictions on reality instead of fantasy and lies. Instead of labeling us as “gloom and doomers”, if the media at large ever conducted an unbiased analysis of the predictions of the “gloom and doomers” for the past 3 years, they would discover that the “gloom and doomers” have been spectacularly accurate in the majority of their calls while the financial demagogues they continually fawn over (that only serve the interests of the bankers) have been spectacularly wrong in the vast majority of their predictions.


TOPICS: Business/Economy
KEYWORDS: depression; economy; globaleconomy; longbeach; shipping
Navigation: use the links below to view more comments.
first 1-2021-4041-6061 next last

1 posted on 09/13/2009 2:19:30 PM PDT by Signalman
[ Post Reply | Private Reply | View Replies]

To: Bobkk47

Oh it is going to get a lot worse. Bet on it and be prepared.


2 posted on 09/13/2009 2:21:18 PM PDT by screaminsunshine (!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: screaminsunshine

Marshall law, gun confiscation, and detention camps.


3 posted on 09/13/2009 2:23:02 PM PDT by kg_mobster
[ Post Reply | Private Reply | To 2 | View Replies]

To: kg_mobster

There will be civil war before we let Hussein Obama get away with any of those things.


4 posted on 09/13/2009 2:25:35 PM PDT by Astronaut
[ Post Reply | Private Reply | To 3 | View Replies]

To: kg_mobster

I was in Miami after Hurrican Andrew. It will be similar. They will arrest people for hoarding and price guaging. Prifits will be a crime.


5 posted on 09/13/2009 2:27:25 PM PDT by screaminsunshine (!!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Bobkk47

By the time this hits, the Rs will have taken back congress and the MSM will blame it on them.

Mark my words.


6 posted on 09/13/2009 2:32:12 PM PDT by netmilsmom (Psalm 109:8 - Let his days be few; and let another take his office)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bobkk47

Let’s hope the ammo stock loosens up.


7 posted on 09/13/2009 2:32:17 PM PDT by Westlander (Unleash the Neutron Bomb)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bobkk47
How Far Does The Lawlessness Go?

[snip]

The latter is a dangerous question should the answer ever be determined to be the latter, as it would be an open declaration that there is no rule of law. It would instantly define the entire federal law enforcement apparatus, and those of the States and Localities that stood with the Federal Government, as nothing more than thugs with lots of guns.

[snip]

8 posted on 09/13/2009 2:36:35 PM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bobkk47
Deflation Looms


9 posted on 09/13/2009 2:38:55 PM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bobkk47

Who's hungry?

10 posted on 09/13/2009 2:40:18 PM PDT by martin_fierro (< |:)~)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Thanks for posting. To this relatively ignorant engineer, DEFLATION seems to be the enemy for now and explains the governments INSANE policys.

I’m going to read for a while.


11 posted on 09/13/2009 2:44:29 PM PDT by BILL_C (Those who don't understand the lessons of history will repeat, repeat and repeat.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Bobkk47

Doomer Porn


12 posted on 09/13/2009 3:13:59 PM PDT by angkor (The U.S. Congress is at war with America.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bobkk47

$30,000/oz gold and $1000/oz silver coming our way.


13 posted on 09/13/2009 3:14:01 PM PDT by Chewbacca (An ounce of gold in hand is worth a thousand paper ounces in a brokerage account vault)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Bobkk47

14 posted on 09/13/2009 3:18:41 PM PDT by angkor (The U.S. Congress is at war with America.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: kg_mobster

I believe this is all happening because of God’s hatred for abortion, but would it be possible then for the fanatics to legalize forced abortions?


15 posted on 09/13/2009 3:28:58 PM PDT by huldah1776 ( Worthy is the Lamb)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Bobkk47

I know there is an event coming. I’m not sure what it will be but they’re not finished with us yet.

They’ve done nothing to support our economy.

I’m convinced they want the situation to get desperate.

They’ve kept us tense for a very long time, increasing the likelyhood of irrational reactions to an economic collapse, increasing the likelyhood that they will appear justified in ‘cracking down’ on the American people and their system of government.

I hope FReepers are stocking up on water, food and ammo. When it hits the fan the supermarkets will be emptied fast, even violently. Prepare now.


16 posted on 09/13/2009 3:41:50 PM PDT by Boucheau
[ Post Reply | Private Reply | To 1 | View Replies]

To: angkor
The German Dax, Japan's Nikkei, Aussie ASPX, the Dow and Russell 2000 are all ready to complete head and shoulder tops, that, when measured from head down to neckline, point to zero...it's unreal...
17 posted on 09/13/2009 3:46:14 PM PDT by Eagletest
[ Post Reply | Private Reply | To 12 | View Replies]

To: Eagletest

>>> when measured from head down to neckline, point to zero...it’s unreal. <<<<

So nothing’s worth anything?

Yeah, that’s unreal.


18 posted on 09/13/2009 4:04:17 PM PDT by angkor (The U.S. Congress is at war with America.)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Eagletest

What chart time frame? Post a stockcharts.com link or something similar if available. (also curious what technical indicators you use.) Thanks.


19 posted on 09/13/2009 4:12:38 PM PDT by T. Jefferson (Batton down the hatches, full speed in reverse)
[ Post Reply | Private Reply | To 17 | View Replies]

To: Bobkk47

Gloom and doomer.

I detest hysterical rants like this.


20 posted on 09/13/2009 4:14:12 PM PDT by Neets (Yea, Jeter is the second coming....of a Yankee career high hitter. Don't hate.)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson