Global Economy Bursting?

[Randolph Kinney]

Banks' 'core deposits' at $6 trillion in September


Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2010/11/30/BUK81GJHQE.DTL#ixzz16uKmJQg3


Where's the money going? Risk averse consumers are more interested in safety and immediate access to their cash so consumers are putting their money into checking and savings accounts that are FDIC insured.

 

[Austin]

FED AID WENT ALL OVER; COMPANIES, BANKS, OFFSHORE
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/01/AR2010120106870.html

The above link was posted this morning Dec 2. I think the reason for releasing this story was to head off the release the Assange docs that promised to unload on global banking soon. Better to admit than to be exposed. Politically that is. Look for more of the same in coming days.

 

[Workbox]

FED AID WENT ALL OVER; COMPANIES, BANKS, OFFSHORE
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/01/AR2010120106870.html

The above link was posted this morning Dec 2. I think the reason for releasing this story was to head off the release the Assange docs that promised to unload on global banking soon. Better to admit than to be exposed. Politically that is. Look for more of the same in coming days.

This has always been known, but not to this extent to the public. Now they want make Assange the bad guy. But who really are the bad guys?

 

[Austin]

BLACK FRIDAY A SUCCESS!!! RETAIL SALES INCREASE .3% OVER 2009. ECONOMY IN RECOVERY
I can’t tell you how many talking heads I have heard during interviews of people telling about how bad the economy respond with this: “Yea, but we are in recovery because retail sales increased over last year .”
I decided to take look at the data to see what is going on. Retail sales for Black Friday 2010 are reported at $10.66 billion dollars up .3% from 2009. Problem is-the US economy printed $5 billion funny money on the same day just like they do every day of the week. So, in perspective retails sales are totally insignificant and nothing but a drop in the bucket. This is ignoring that millions of people are getting unemployment benefits that are fueling the retail sales and prices are slashed. If we have a $100 billion XMAS retail sales volume it will be wiped out in 20 days of money printing. In other words the devaluation or the dollar is whipping out any benefit from retail sales.

 

[Riick]

BLACK FRIDAY A SUCCESS!!! RETAIL SALES INCREASE .3% OVER 2009. ECONOMY IN RECOVERY

3/10 of 1% ??
Some "recovery", that much difference could be due to rounding.

.

 

[Tom Woolford]

Isn't inflation supposed to be 0.6%. If so Sales were 0.3% LESS than last year.

 

[Randolph Kinney]

Inflation Is Rampant In Tuition, Healthcare And Property Taxes

Read more: http://www.businessinsider.com/infl...care-and-property-taxes-2010-12#ixzz16zvHGCFV

Someone has finally decided to look at what's happening. Does it matter?

 

[Randolph Kinney]

The monetization of U.S. government debt and it’s bigger than you think

http://blogs.forbes.com/michaelpoll...ization-of-u-s-government-debt-were-watching/

As it turns out, other countries print money and then buy U.S. debt. That keeps their currency value pegged to the dollar.

 

[Austin]

Camden City Council Approves Massive Police And Fire Layoffs
http://philadelphia.cbslocal.com/20...cil-approves-massive-police-and-fire-layoffs/

California here we come..... As I read twice yesterday in articles: The Progressive Economic Model is nearing its functional end.

 

[Big ole Boy]

FED bails out GE . Fed bails out government NEWS

A story headlines that GE was bailed out by the FED.

What more evidence does an independent mind need .... to know that all data and stats and news is one big pile of " ............" ......?

All information is now propaganda ......

.... I am going to go have a cup of hot coco ....