Posted on 02/01/2013 5:03:51 AM PST by Diana in Wisconsin
#1 The mainstream media was absolutely shocked when it was announced that U.S. GDP actually contracted at an annual rate of 0.1 percent during the fourth quarter of 2012. This was the first contraction that the official numbers have shown in more than three years. But of course the truth is that the official numbers always make things appear better than they really are. According to John Williams of shadowstats.com, U.S. GDP growth has actually been continuously negative all the way back to 2005 once you account "for distortions in government inflation usage and methodological changes that have resulted in a built-in upside bias to official reporting."
#2 For the entire year of 2012, official U.S. GDP growth was only about 1.5%. According to Art Cashin, every time economic growth has fallen that low (below 2 percent annually) the U.S. economy has always ended up going into a recession.
#3 According to the Conference Board, consumer confidence in the United States has hit its lowest level in more than a year.
#4 For the week ending January 26th, initial claims for unemployment rose to 368,000. In future weeks, watch to see if it goes above 400,000. If we hit that level, that will be a sign of real trouble for the economy.
#5 During the first full week of January, an astounding $114 billion was pulled out of U.S. banks. That is the largest amount that we have seen moved out of U.S. banks in one week since 2001.
Dealing with ignorant, incompetent, or plain old stupid people can be pretty frustrating or even quite aggravating. They screw up things that other people are stuck having to fix.
What’s missing, though, are behaviors highly suggestive of malevolence, craft, corruption, deceit, duplicity, subterfuge, thuggery, pathological lying and bullying and so on and so forth. You know, the character traits that emit from the abyss.
Anyone who is willing and eager to “collect ‘em all” and put such traits on display is just plain evil.
Obama is intelligent in the worldly sense, but he has zero wisdom or understanding, electing to use his abilities to seize personal power and to destroy others.
If there is a silver lining, it is that this thin-skinned, ruthless, detached, narcissistic despot is inherently lazy.
while I don’t have a problem with them living with it... I do have a problem living with it myself.
Only thing left for him to do is make a 7 year deal in the middle east. I don’t think BB will play nice with that idea though.
pinged
How did I get dragged into this mess?
LOL. Not you BB ;)
Could this be an indicator that silver is reaching a top or just a sign of worse times ahead?
Silver is nowhere near it’s top. Some are saying $100/oz and up. It’s been hovering around $32 lately.
Supposedly, when gold takes off, it’s going to drag silver along.
We’ll see!
But you also need to factor in what's going on overseas in the Middle East as well.
I have a gut feeling that this year is gonna be a very bad year, and things won't be getting better any time soon.
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