Global Economy Bursting?

[Austin]

I talked by ham radio last week to a person in another country. He reported an economic boom!!! Unbelievable growth, people moving into to fill the jobs, in general a total economic boom time like they have never seen before. Where is this place you ax? BC, Canada. Right across the US border. Oil, gas and mining is driving the boom. Why Canada? No EPA.
About 20 miles from my home is a 10 billion dollar uranium site. Big fight over mining the area. Read this story from today's paper:
Locals tour reclaimed uranium mining site

 

[Randolph Kinney]

What's wrong with this picture?

Recession Officially Over, U.S. Incomes Kept Falling

http://www.nytimes.com/2011/10/10/u...falling.html?_r=1&nl=todaysheadlines&emc=tha2

The full 9.8 percent drop in income from the start of the recession to this June — the most recent month in the study — appears to be the largest in several decades, according to other Census Bureau data.

That's a significant reduction in the American standard of living.

 

[Big ole Boy]

What's wrong with this picture?


The full 9.8 percent drop in income from the start of the recession to this June — the most recent month in the study — appears to be the largest in several decades, according to other Census Bureau data.

That's a significant reduction in the American standard of living.

Incomes haved been propped up for 30 or 40 years by the residential mortgage industry which built a psuedo economy ....

... a pseudo economy which used the ... a possible over arching unwritten narrative could read something like this ....



........ Voice from Mr. FED .... speaking to straw folks .....


........... " hey buddy, will keep you real busy for 30 or 40 years pumping debt into your little castles ...... will give you jobs this way ... you keep fixing up your houses and selling them for more and more money ...... ....

.... and while your busy raking in money with your little residential castle economy that we invented for you ......

... we will be busy stealing your little babies lolly pops by using Crapatalism to rape your country's infrastructure" .....

 

[Couch Potato]

What's wrong with this picture?

Recession Officially Over, U.S. Incomes Kept Falling

http://www.nytimes.com/2011/10/10/u...falling.html?_r=1&nl=todaysheadlines&emc=tha2

The full 9.8 percent drop in income from the start of the recession to this June — the most recent month in the study — appears to be the largest in several decades, according to other Census Bureau data.

That's a significant reduction in the American standard of living.

Nothing wrong with the picture. Unemployed households are expected to earn less. Just be glad if you didn't waste all that money on college. :new_all_coholic:

For households headed by people who had not completed high school, median income declined by 7.9 percent, to $25,157. For those with a bachelor’s degree or more, income declined by 6.8 percent, to $82,846.

 

[Randolph Kinney]

Nothing wrong with the picture. Unemployed households are expected to earn less. Just be glad if you didn't waste all that money on college. :new_all_coholic:

Looking in the rear view mirror, they graduated college and have been working for 20 years ... look ahead why don't you? What do you see?

Occupy Wall Street protests hit Main Street

http://www.cbsnews.com/stories/2011/10/10/national/main20118257.shtml

The Occupy Wall Street movement, which began with a small knot of protesters in Manhattan's financial district, has grown steadily, spreading to student groups and labor unions nationwide.

In Boston, hundreds of students from 10 area colleges marched through downtown Monday as part of the national movement.

"A lot of us are already in debt and we haven't graduated yet. A lot of my friends, even though they work 20 hours a week, that is not enough to cover their expenses," said Rick, 19, a psychology major. "A lot of us can't even afford to get sick."

Student protesters said they're angry with an education system that they say mimics what they call the "irresponsible, unaccountable, and unethical financial practices" of Wall Street.

The protesters have described themselves at the "99 percent" -- referring to what they say are the vast number of Americans struggling to pay their bills while the income gap between the rich and middle class widens.


College students to "Occupy" Boston

http://www.cbsnews.com/stories/2011...154.shtml?tag=storyMediaBox;postSpecialReport

 

[Randolph Kinney]

Occupy Nashville protesters camp out downtown

http://www.tennessean.com/article/2...t-downtown?odyssey=tab|topnews|text|FRONTPAGE

Brooks, a recent Middle Tennessee State University graduate who is working as an appointment scheduler at a local massage business while applying to graduate school, said she heard about the campout about five minutes before it started. She wasn’t a part of the group’s earlier rallies, held at Legislative Plaza and at Centennial Park, last week, but she said she agreed with the cause — specifically that the government doesn’t care about its people anymore and that corporations keep getting richer while more and more Americans struggle in a weak economy.

“Personally, I was paid more 10 years ago than I am now,” the West Nashville resident said. “That’s an issue for me and no one is talking about it, except these people.”

 

[Terrel L. Shields]

I think the anger of the Tea Party and the anger of the Occupy Wall St. are closer tied than at first glance. They may different in how to solve the problem (Left vision v. Right Vision) but they agree that Wall St. was the cause of the latest crash and it has suffered the least.

In fact, unrepentant sinners like Jamie Dimon publically lashed out at homebuyers for causing the problem....never once admitting the role Wall St. had in filling the helium bottles of the bubble...He even argued the banks were doing them a favor by foreclosing on them...
http://www.nakedcapitalism.com/2011...ng-nice-to-you-when-they-take-your-house.html

http://crooksandliars.com/karoli/jamie-dimon-dont-be-hatin-bankers-when-its

As he explained:

“[Homeowners] are probably better off going somewhere else, because they get relieved almost 100% of the debt through foreclosure.”
​

Glass Stegall needs restored and the commercial banks should be brought to heel. And consequences. I believe the pessimism of this nation would decrease if as they had done what Jim Cramer said was a failure of the government...to put the top 80 bankers in America in jail...

The statutes of limitations are running out. It is time to act, time to start arresting the bankers, the bank directors, the CEOs, CFOs, the creators of these defalcations and bring them to justice.

 

[Couch Potato]

I think the anger of the Tea Party and the anger of the Occupy Wall St. are closer tied than at first glance. They may different in how to solve the problem (Left vision v. Right Vision) but they agree that Wall St. was the cause of the latest crash and it has suffered the least.

In fact, unrepentant sinners like Jamie Dimon publically lashed out at homebuyers for causing the problem....never once admitting the role Wall St. had in filling the helium bottles of the bubble...He even argued the banks were doing them a favor by foreclosing on them...
http://www.nakedcapitalism.com/2011...ng-nice-to-you-when-they-take-your-house.html

http://crooksandliars.com/karoli/jamie-dimon-dont-be-hatin-bankers-when-its


Glass Stegall needs restored and the commercial banks should be brought to heel. And consequences. I believe the pessimism of this nation would decrease if as they had done what Jim Cramer said was a failure of the government...to put the top 80 bankers in America in jail...

The statutes of limitations are running out. It is time to act, time to start arresting the bankers, the bank directors, the CEOs, CFOs, the creators of these defalcations and bring them to justice.

Obama is on record saying the bankers did not break any laws.:new_all_coholic:

 

[Workbox]

Obama is on record saying the bankers did not break any laws.:new_all_coholic:

But he did add that what they did was not right, unethical and it is up the attorney general to enact any investigations. I'm not defending the guy, because most of his economic team were part of the real estate bubble conspiracy.

 

[Terrel L. Shields]

The fox watch the henhouse for sure... Rueben (Clinton); Paulson (Bush); or, Summers (Obama, Clinton) all aided the problem by either being political obstacles to reform pre-bust or CYA themselves after it...