Global Economy Bursting?

[Big ole Boy]

Envy Puppets

No world can make a workable society with unchecked envy ... envy that is encouraged through generations of straw folks.

Elites are the first to preach the virtues of "top down forced sharing" as an example of Jesus Christ Sermon on the Mount

but the Elites are also the first to stoke the fires of hell lust and envy to get the straw folks to move against themselves.

It was the elites that used to believe that by attaching leeches and draining the blood of a sick person that they would become well.

Now the elites want to suck all the blood out of the a "no-growth economy horizon "

Straw folks are yanked by the Devils envy and the Anti-Christ of forced giving.

 

[Randolph Kinney]

GOP warns Fed more easing would hurt economy

http://www.marketwatch.com/story/gop-warns-fed-more-easing-would-hurt-economy-2011-09-20?siteid=bnbh

 

[Couch Potato]

But politicians have spent so many years trying to hide this fact that such an explanation now is too little too late. If the public had been informed earlier, instead of being lied to by liberal and socialist propaganda, they would have never supported such an unsustainable ponzi scheme.

No, it has nothing to do with politicians hiding anything. It is simply the fact that "the public" is mostly ignorant by choice. As long as their TV and their facebook page are working they really don't care what else is happening. The majority of the US population is just a bunch of tweeting twits.

 

[Riick]

Lloyd’s Pulls (Some?) Euro Deposits

Lloyd’s of London Pulls Deposits From Banks on Debt Crisis

http://www.businessweek.com/news/20...pulls-deposits-from-banks-on-debt-crisis.html

Lloyd’s, which holds about $3.9 billion in cash,
has stopped depositing money with some European Banks,
and "...has pulled deposits in some peripheral economies..."
but is declining to name the countries or institutions.
.
.

 

[Randolph Kinney]

ROUBINI: Recession Is At This Point Unavoidable, And It Could Be Worse Than 2008

Read more: http://www.businessinsider.com/roubini-recession-is-unavoidable-2011-9#ixzz1Yge36vfV

Europe and the U.S. are "effectively in recession" and there's nothing policy makers can do save them.

 

[Randolph Kinney]

What happened to gold?

 

[Randolph Kinney]

College Admissions Directors Finally Admit They Want RICH Students More Than SMART Students

http://www.insidehighered.com/news/survey/admissions2011

462 top directors at nonprofit colleges and universities revealed that "finding the right fit" is more about recruiting "full-pay" students who aren't in need of aid than providing a rare opportunity for low-income applicants without resources.

It's all about the money. woohoo The value of education is going up and the intelligence of what comes out is going down. woohoo

 

[Randolph Kinney]

George Soros: The Double Dip Is Already Here

Read more: http://www.businessinsider.com/george-soros-the-double-dip-is-already-here-2011-9#ixzz1Ygjr3gfx

 

[Randolph Kinney]

Selloff spans globe

Dow off more than 300 points at the open

http://www.marketwatch.com/story/us-stock-futures-slump-amid-global-rout-2011-09-22

 

[Austin]

The reason this subject is such an interest to me is that back in the late 1960’s when I was a lowly undergraduate student in economics learning all about Keynesian Theory I said to myself: “One day this scheme is going to use up all of the slack in the rope and when it does a lot of people are going to hang economically.”
People keep talking about “a global financial crisis” but they never describe how the crisis will play out. My prediction back from the 1960’s was that all wealth owners who invested in debt like deposits in banks, governments bonds on all levels, etc would wake up one morning, turn on the TV and the President would say: “Sorry folks, your money is all gone.” That is how the crisis will play out.
Who will the losers be? All of the above. Who will the winners be? People with hard assets that are used to produce products and services or ownership interest in these enterprises. The thing the political class is concerned about is that if people figure this out it will cause a run on the banks and a wholesale dumping of bonds and government debt instruments on all levels. If you have money in the bank my advice is to get it out fast even if you have to put is under the mattress or put it into hard assets. Buy a car load of hammers and nails, garden seeds, fertilizer etc. Beans and ammo are good choices too.