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Wednesday, February 24, 2010

U.S. Economy is a Shambles, with No Improvement in Sight


It has been one year since U.S. President Barack Obama signed the $787-billion stimulus bill, the Recovery Act, to lift the U.S. out of recession, and threw an additional $50-billion lifeline to American homeowners facing foreclosure. The package was subsequently enriched and is now estimated at $862 billion, while the pledge to stem foreclosures has risen to $275 billion.
"One year later, thanks to the Recovery Act, we can stand here again and say that a second depression is no longer a possibility," Obama said in marking the anniversary last week.
Oh no? Take another look at the numbers.
After all that spending -- actual and committed (Congress passed an additional $155 billion in aid in December) -- claims of job creation and economic growth remain highly suspect. The U.S. economy has shed more than eight million jobs since the recession began, and losses continue with 20,000 fewer jobs in January alone. A White House advisory council forecast that the economy will create 95,000 jobs per month this year. For forecasters, the year is not off to a good start. Unless the job generator shifts into a higher gear, one analysis concluded, it will take more than seven years to replace the jobs lost since 2007.

More Here..

FDIC Says 702 Banks Now in Danger of Collapse
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12 comments:

  1. Yeah, that's about the size of it.
    The actual numbers across the board are far worse than people who rely on MSM numbers will know.
    Basically, the government has stuffed tons of bad debt into fannie may and freddie mac and other crap they've 'acquired' outright, and the total level of actual debt of the US government is right now so vast as to never ever ever be paid off much less even maintain the level of debt service that it has, this coupled with the continuing free fall collapse of the rest of the economy proves the case for the conspiracy theorists who long ago where trying to blow the whistle on the governments 700+ FEMA camps along major railway lines, and the concommitant acquiration by our government of the means to move vast numbers of people in car carrier cars conveniently being stored near major city centers as more and more moves are made to prepare our military to serve the final coup de gras of a complete military takeover of our country in times of great economic distress, same as germany in 1939.

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  2. The FEMA Camps aren't happening, at least they aren't for American citizens the way you think.

    It seems like a pretty wild stretch to me from where we are now to having our soldiers turn against us and shove the conservatives in camps... considering most American soldiers would rather die than do that to their own people, I'm sure any guy in the military would tell you that. God, I don't know, maybe they could find enough cops somewhere, if not cops maybe ACORN people. I'd like to know where they could find all these people to do this, yet alone not make a mess of their own numbers when they try to enter houses with prepared and armed people... then if that isn't too bad how will they manage militia groups and their hill forts? Shouldn't be too hard, considering they have tanks and choppers. Man that sounds like a lot of work for nothing. Just to get people to be enslaved? Oh... but aren't we already? Certaintly, the only way this could work and a conspiracy that elaborate would have credibility is if there was a Spiritual Agenda in which the goal isn't money, or power (control over labor) but perhaps some kind of hyperdimensional (or inter) in which they are after something beyond are current understanding.

    Unless that's the case then it's nonsense.

    The Nazis struggled enough with resistance communities and yet Germany is alot smaller than the USA and they already had taken the guns and media rights away before they began the Solution.

    Though there is definitely inside activity that has been going on in this country for a while, and obviously we are in for some bad shit, you don't need to use things like FEMA Camps that go against all logic and natural observation.
    Unless you'd like to include notions that require a much broader level of consciousness and are not just limited to the brain; then muff the FEMA stuff.

    At the same time if you are a Jesus Freak and believe all of that then who cares what happens to us? You need to die to go to heaven, and only a child can enter right? So hope you don't have to kill people or watch them die. Anybody who survived that kind of thing will tell you they wish they died instead of someone they knew.

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  3. I worked for a local bank in TX. They laid off 12% of the employees. They are losing money hand over fist. I suspect they will go under by 2011 at latest.

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  4. Freightliner recently told their dealership master mechanics to take a 25% pay cut or take a hike.

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  5. 12:53,

    I didn't say there weren't FEMA Camps, I said they aren't what the common conspiracy theorists think they are for.

    And I gave sound logic as to why it is ridiculous to believe they would do all that hard work just to put us American citizens in them, in my view unless there is an extraterrestrial or metaterrestrial scheme that we don't know about then it isn't happening. Keep in mind there are 200+ countries... they've better get more camps built. They have some built in Portugal... they are planning on killing the Portuguese. Okay you see what I'm saying? There is poor logic due by extremely egocentric view to only picture your country at the center of this kind of stuff.

    And to get off my butt and watch videos I've already seen about these camps, then do what? Run around waiting for a train to come by? Who cares if they are real... it would be hopeless, I might as well just curl up into the fetus position and die.

    And trust me I am in reality, I know there's bad shit coming our way but FEMA Camps are the least of my worries; I'd rather focus on my own conditioning and what stuff will look like after so I'll have much energy conserved - if the FEMA shit is real then fuck it we all will die unless we magically get the word out right? Inform people to stop it? Stuff that would do no good? As if the technology we are up against is defeatable... the only thing that can change anything for the better is if Christ came through some individuals, no not Jesus the man, I mean a Divine energy being put into certain humans that could know what to do and have the ability to. Other than that fuck it all and just try to live whatever way you are able to in this confused world.

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  6. 2:51, why all the hateful Jesus Freaks slamming all the time? I really appreciate your viewpoint and I know you, like myself, are aware of what is going on; that said I find it really offensive with all the freak talk. I am a Christian and am anyhting but a freak, no....I don't try shoving my feelings on others, but rather encourage them with my actions, so please don't assume we are all freaks.

    We are all in the matrix together, and the only way we are going to overcome is if we all stick it out and put our positive energy are resources on the same line to overcome these SOB's

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  7. Hold fast to the iron rod of truth, prepare for the gathering storm, and endure to the end.

    What more can be said.

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  8. only a knuckle-head would hold an iron rod during a storm ...

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  9. @10:49 PM
    In the first place, it’s not time yet to use the camps. You are still sitting on your asses and doing nothing as your country is being robbed at broad daylight. Secondly, the people will come from “the security force as strong as the army”. This is your president’s pledge before the election. If you, Americans, do not listen, we do.
    >21. It is only with a despotic ruler that plans can be elaborated extensively and clearly in such a way as to distribute the whole properly among the several parts of the machinery of the State: from this the conclusion is inevitable that a satisfactory form of government for any country is one that concentrates in the hands of one responsible person. Without an absolute despotism there can be no existence for civilization which is carried on not by the masses but by their guide, whosoever that person may be. The mob is savage, and displays its savagery at every opportunity. The moment the mob seizes freedom in its hands it quickly turns to anarchy, which in itself is the highest degree of savagery.
    24. Our State, marching along the path of peaceful conquest, has the right to replace the horrors of war by less noticeable and more satisfactory sentences of death, necessary to maintain the terror which tends to produce blind submission. Just but merciless severity is the greatest factor of strength in the State: not only for the sake of gain but also in the name of duty, for the sake of victory, we must keep to the programme of violence and make-believe. The doctrine of squaring accounts is precisely as strong as the means of which it makes use. Therefore it is not so much by the means themselves as by the doctrine of severity that we shall triumph and bring all governments into subjection to our super-government. It is enough for them to know that we are too merciless for all disobedience to cease.<
    Surely sounds like Soviet Union…….right? How about this:
    >11. THIS HATRED WILL BE STILL FURTHER MAGNIFIED BY THE EFFECTS of an ECONOMIC CRISES, which will stop dealing on the exchanges and bring industry to a standstill. We shall create by all the secret subterranean methods open to us and with the aid of gold, which is all in our hands, A UNIVERSAL ECONOMIC CRISES WHEREBY WE SHALL THROW UPON THE STREETS WHOLE MOBS OF WORKERS SIMULTANEOUSLY IN ALL THE COUNTRIES OF EUROPE. These mobs will rush delightedly to shed the blood of those whom, in the simplicity of their ignorance, they have envied from their cradles, and whose property they will then be able to loot.<
    Where did these passages come from? They were published in 1905. Here, read for yourselves: http://www.biblebelievers.org.au/przion1.htm
    But if you do not get what it says here, I am not surprised, there is a passage about this too:
    > 10. The GOYIM have lost the habit of thinking unless prompted by the suggestions of our specialists. Therefore they do not see the urgent necessity of what we, when our kingdom comes….<

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  10. 7:25 is funny. I laughed. Thanks for that.

    Jesus Freak is a song by DC Talk. I take my name from that song.

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  11. 10:49 is correct. FEMA camps are not for American Citizens. When you get put in a FEMA camp, you're not an American Citizen any longer. You're also not a person, a human being, entitled to any rights period. All of this is per Obama's executive orders.

    Smells like Satan.

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  12. Either you are for the Empire or against it.

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Everyone is encouraged to participate with civilized comments.