Comment: I graciously thank the
A V-shaped recovery?
A W-shaped recovery?
Forget it…there ain’t no letter in the alphabet that describes a “recovery” we’re likely to have.
We say that in the spirit of mischief as well as elucidation. Of course, the world won’t stay in a depression forever. And even depression ain’t so bad, once you get used to it. The world economy will probably drag around a bit on the bottom…with low, or negative, growth rates in most places…until it finds a new model. The old model is dead. The authorities can put on as much rouge and powder as they want. They could even give the corpse jolts of electricity to make it sit up. But they can’t revive it. It’s finished. Over. Kaput.
The old model involved lots of players playing lots of different roles. But the main protagonists were the USA. and China. Not to put too fine a point on it, but China was the maker; the United States was the taker. It was a relationship that seemed to serve both parties well…but one that actually enabled foolish and, ultimately, destructive behavior – especially on the part of the United States.
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Look for more depression, dear reader…
And learn to like it; it will be with us for a long time.
The Dow bounced yesterday…up 82 points, after a sell-off on Monday. This leaves it still about 1,000 points shy of the comparable rally of 1930. Will it continue bouncing until it equals the 1930 level? Or is the rally over? We wait to find out…
LINK HERE
Check out the Credit Card Delinquency Rate Article.
Credit card charge-offs -- accounts that the banks deem as uncollectable -- increased to a staggering 9.55 percent (up 1.91 percent since the first quarter of 2009).
HERE
Wow, what difference a single generation makes. Back in the day, in the 1970's, the banksters and their puppet governmental leaders sold the public on the idea of "free trade." They said the problem was maintaining our standard of living. They said we would be better off as a service based economy buying cheeper goods manufactured overseas.
ReplyDeleteThe public didn't understand economics very well and trusted the puppets too much. Very few knew how the system worked or who pulled the strings. China was mostly a third world country but they had the support of David Rockefeller and the international banksters who also funded the "university economists" as well as the Communists in China. I remember arguing against their brazen plan to enslave us by dumbing us down, turning us from being producers into being consumers and creating a system where consumer debt could only become all too commonplace.
Nixon finished off the dollar early in the decade; the peanut farmer sold us out with the first trade agreements and set us up for Reagan who charted the course upon the yellow brick road to national bankruptcy.
The "China's the maker we're the taker" is the existing model. The old model was we produced about everything and enjoyed a positive international trade balance. That "old model" lasted for well over 150 years. I agree that the existing model is all but dead, that the relationship "appeared" to serve both the U. S. and China and that the depression is just getting started.
For some it was easy to see Nixon's 1972 visit to China was ill advised. But Nixon had Kissenger so what would one expect? It was common sence not to awaken a sleeping dog but that got trumped by a longstanding plan to create a very old world model: feudalism or by its present day name, the New World Order.
Sorry, but your readers deserve a bit finer a point on this matter. Also, the world economy completely tanks in October and the only way the DOW makes another 1000 points is that there are a whole lot of very stupid people with way too much money. Buy lots of food, be prepared for personal self defense and invest in real money, gold and silver.
Thank you anon @ 6:10
ReplyDeleteAccording to the web bot project, tommorow (August 22nd) is D-day for some kind of bad financial news that will ultimately ruin everything.
Let's see how that pans out.
+1 Anon 1
ReplyDeletePersonal stories like that really are an eye opener thanks very much. I also see a bad "fall."
Nah.. The markets will keep on going up. There may be small drops every now and then, but things will continue to improve. I don't think there is a depression coming or major crash on the markets anymore.
ReplyDeleteLOL I hope anon 4:20am is either high or joking!
ReplyDeleteLOL at you digital.hero..........the markets are going up on Heli Ben's comments, along with oil and everything else.....it's a con game that will never end in our lifetime.
ReplyDeleteThat's why they should legalize the herb man.
ReplyDeleteBecause it opens up the mind to see new possibilities man. The herb alone could cease this depression by the power of will man.
Armed with the holy herb mankind can combat the spiritual war of the wicked and win.
Legalize it man.
Legalize the holy herb.
Move to Mexico. You won't get busted there.
ReplyDeleteA military Empire is at its best when its populace is in slavery, starving and willing to do anything to survive - ie, us soon.
ReplyDeletePlenty of cannon foder for the military recruiting, no questions asked. US military, die for Israel. The money changers win.