LONDON (Reuters) - Industrial output plunged unexpectedly in August and at its sharpest monthly pace since January, according to official data, denting hopes for a strong rebound in growth in the third quarter of this year.
The Office for National Statistics said manufacturing output fell 1.9 percent on the month, confounding analysts' expectations for a 0.3 percent rise. July's increase was revised down to 0.7 percent from 0.9 percent.
LINK HERE
Consumers tighten belts in face of GDP slump
LINK HERE
The Economy is Dead Men Walking
Credit is everything. Without credit expansion there's no recovery because there's no pick-up in overall demand. But credit growth is going backwards. The banks have tightened lending standards and the pool of credit-worthy applicants has vanished. Bank lending is off 14 per cent since October 2008. Private credit is presently decreasing at a 10.5 per cent annual rate. The situation is getting worse, not better.
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Consider this from Janet Tavakoli, author of "Dear Mr. Buffett" in an interview with Max Keiser:
"Regarding the outlook, my analysis is grim. I am not a doomsayer, I follow the cash, and so far, I've been correct, and the government has been wrong. Here's the situation. We are at greater risk of a total meltdown due to a deflationary collapse than we were in 2007.
LINK HERE
The Next Bank Crisis
LINK HERE
The Unemployment problem is quickly getting worse
In September, the economy saw a net loss of 785,000 jobs.
LINK HERE
Deflation/inflation
ReplyDeletePotatoes, potahtoes
Let's call the whole thing off.
I can do anything you can do better
No you can't, yes I can
My point is, it does not matter if we enter severe deflation or inflation, we are all screwed to some extent, some much worse than others no doubt. There will be those with millions who will become poor almost overnight when the markets take a huge dump after the ponzi scheme runs out of hot air, and I think the helium tank is getting very low.
i print money
ReplyDeleten care not
what crooks
run the country
I don't know what it takes to convince people the economy is collapsing, unless you are being paid to spread misinformation, YOU NEED TO WAKE UP! You better prepare for very bad times.
ReplyDeleteIf the bad economy is not affecting you now, it may very well in the near future. STOP watching the propaganda MSN and make preparations for what is to come.
One more time:
(1) Buy gold and silver, coins or bullion, rounds or bars. I buy silver rounds and bars. Time is limited as to how much longer these products will be available.
Get six months of storable food & non hybrid, non GMO seeds.
Store water if you can, and get a water filter.
BUY FIREARMS AND LOTS OF AMMO! When people get hungry, they will kill you for your food.
If you live in a metro are, make sure you have a route out of the city!
Here is a good site to visit to learn much more on survival after the SHTF!
http://www.survivalblog.com/
Study the Argentina collapse, ours will be much worse.
And for you misinformation agents: WHAT ARE YOU GOING TO DO WHEN YOUR PAYCHECK IS NO GOOD? Coming soon to US government employees.
There's still time for you to get on board!
you're better off putting your money into a minimum of 1 years food and home supplies, fuel- as much as you can store, and silver. Most people are already too late to be able to afford jumping into gold, silver is much more affordable for the average person. Keep a couple of months bill paying cash around too. Cut what you can, while you can.
ReplyDeleteMr. Retard Troll of Retard Inc. says:
ReplyDeletePut your money in stocks because we have hit a market bottom of 9500. Soon we will test our highs of 14000 last year. China will continue to buy our debt. Iran only produces nuclear material for energy. National health care will cut our deficit in half. Our current national debt of 12 Trillion will be paid off in Obama’s second term.
Sincerely,
Mr. Retard Troll
CEO, Retard Inc.
LOL. It is just a lonely guy desperate for attention. He doesn't believe anything he types.
ReplyDeleteGOLD is up to a new high today $1036. Holy shit!
When I bought a substantial amount of gold at an average of $550 the (other) forums were raging about how stupid that was as an "investment."
Don't trust anyone's advice. Use your eyes, see for yourself. A gold coin owned prior to the Argentina collapse made men ultra rich vs the fiat sheeple populace.
Remember - only 2% of Americans own bullion/coins. The elite can afford to let those few slide through the cracks.
MAX rocks. The only person out there that I am 100% sure is not a shill. No shill would say Goldman Sachs is scum. Only a real patriot outsider would dare.
ReplyDeleteThe trolls are thick in here today. I wonder what they will do when they have no money?
ReplyDeleteTime is short, better prepare.
Remember, the USG has been controlling and manipulating these markets for decades. The question must be asked as to "why" they are allowing this to happen now! I'm sure they have a few cards "up their sleeve" and this event will turn around soon as they continue with the "playbook" they've been instructed to follow!
ReplyDeleteYeah, the endgame is to herd the starving masses into "population reduction camps" aka FEMA camps for 'liquidation'.
ReplyDeleteThat's the final solution to overpopulation, eh?
Squalene, Flouride, Aspartame, Sucralose, Lipitrol, Cell phones
dang none of it is working fast enough!
The world is SOOOO overpopulated!
Well you know the old saying! Drastic times call for drastic measures!
Billionaire club recently had a meeting to discuss overpopulation. 8 months later forced vaccinations for H1N1 swine flu with 1 million X more Squalene than the gulf war vets got. Hmmm.
545 you have never been right, when the world goes off the dollar as a reserve currency as they are talking about now, it will be over, and you will be crying for someone to take care of you, hopefully no one does as your friends and family are probably as clueless as you.
ReplyDeleteAustralian economy not collapsing fast enough in line with everyone else. Therefore, raise interest rates.
ReplyDeleteOh, and buy that water off of the farmers. They might grow some food with it, which wouldn't be very Global 2000 at all, would it.
Who cares about boom or doom?
ReplyDeletePrint money and be merry!