The markets are currently being propped up by blatant government manipulation. Today, the Fed sold gold to keep the dollar from SOARING against the Euro.
The Plunge Protection Team is intervening to prop up stocks, and the FED are printing dollars so fast the presses are melting down.
And to top it ALL off, we are about to hit that National Debt ceiling that Obama demanded last past the 2012 elections.
Today, it came out that US household Incomes FELL 4%, in the last quarter ALONE, the worst since 2008. Household incomes have fallen 7% since 2008.
The new is all bad, and HAS been bad for quite a while, but you won’t be seeing it on the Big NEtwork Evening news, because it could harm King Obama’s reelection chances.
Excellent post!
I totally agree!
You are very fiscally astute.
The European Stability Mechanism (ESM), the euro zone’s permanent bailout fund.
Yes, The false (NON-collateral) paper makers SYSTEM. “Pan-fiscal”, IMF of course included so the “US’ right in with it.
Look for more price pressures in the U.S. and/or further sustain prices especially combined with unemployment.
If they try to exchange high unemployment for govt.-work-jobs, look for gas at 8.00-10.00 range. If they keep the same unemployment, gas will not fall *neither essentials)
All the while the bank-o-crat SYSTEM, makes off with huge salaries/pensions/assets, while others pay the price. Theft game.
Imagine “X” being at home in the basement, printing up some “paper” SIVs, “paper” CDOs, paper so called bonds, etc.,, then co-mingling these with peoples life savings/pensions/401Ks, calling them AAA WITHOUT DUE DILEGENCE, and then buying/investing in ANYTHING, calling them AAA. Then when uncovered, by blackmail or bust, run away with the loot.
How many months till we hit it do you think?
But..but what about the ‘green shoots’ and, and the .4 drop in the jobless rate and the 1st time claims dropping 21,000 last week?
Obama and CNBC said things are better. They wouldn’t lie to us...would they?
While our own media has been superhalfassed in describing the EU troubles there are other sources doing a decent job. I don’t know what Direct TV has but we use Dish and there are three channels that have been doing a journeyman job reporting on the Eurotrash finances——Chicoms have CCTV9, The Germans have Deutche Welle, and Al Jazeera (English) has also done a good job. Their perspectives are totally different but X-checking their dope gives a pretty good sense of just how much trouble EuroSocialDemocrats are in.