What is happening with the Economy: 09/03/2009
I am not trying to be a pessimist; but people need to be aware of what is happening with the economy. With the stock market, hitting above 9,000 points, the news saying everything is okay, is the media truly portraying what is actually happening. Is this truly in relation to what is actually happening with the US economy? The answer is no it is not. As you can see in the information that I have provided you with. This will give you a better understanding of what is happening with the dollar and the economy. We saw a failure of the 5 year bond sale of T-bills. http://market-ticker.denninger.net/archives/1267-US-5yr-Bond-Auction-Effectively-FAILS.html Then the failure of the 7 year bond sale of T-bills. http://market-ticker.denninger.net/archives/1304-BLATANT-Monetization-Uncovered.html Below says US foreign Embassys are being told to horde 1 years worth of non-US currency due to a possible lengthy banking shutdown. www.marketwatch.com... Speaking of shutdown, 7 banks in one day went poof... www.fdic.gov... Close to 600 Bank of America locations to be closed. news.yahoo.com... FDIC top level official says bank closures to increase 10 fold. moneynews.newsmax.com... By just their public financials they are forced to disclose 348 banks are either technically already failed, or 1% away from it indicated in the orange on this spreadsheet. bankimplode.com... They recently called back formerly retired FDIC workers, and hired 600 more to get ready for it all. www.npr.org... I can see why she would say that with near 2,700 banks being rated D+ or lower. www.moneyandmarkets.com... Over 1,000 Trillion in derivatives are set to implode. theinternationalforecaster.com... Once they monetize the debt and start printing money like mad to buy our own debt up, they will devalue the currency and turn the US into a modern day Zimbabwe. They outline how this is likely to happen in these three videos. www.youtube.com... www.youtube.com... www.youtube.com... The tax revenues have dropped more than anytime since the Great Depression. www.huffingtonpost.com... The real U6 unemployment rate is closer to 21%. blogs.moneycentral.msn.com... 34 million ppl on food stamps, more than ever before. www.forbes.com... The World bank says we are entering a Deflationary Spiral. www.telegraph.co.uk... The FIVE sucker's rallys after the 1929 crash. img88.imageshack.us... 100's of thousands of stores to be closed per retail maven. finance.yahoo.com...:-U.S.-Consumers,-Retailers-in-a- How all of this and more has been arranged on purpose. www.youtube.com... While some of the above may be hard to believe, this is not the first time that things that were hard to believe ended up being true. conspiraciesthatweretrue.blogspot.com... Timeline: September 10, 2008 Lehman Brothers shares sink 45% September 15, 2008 Lehman collapses, Wall St fights meltdown September 16, 2008 Bank of America buys Merrill Lynch Lehman's fate may trigger re-ordering of global finances B&B caught in Lehman fallout September 17, 2008 Goldman Sachs posts worst quarter since IPO AIG on the brink as hopes mount for rescue US bails out AIG September 18, 2008 Going gets tough, so Bush tries socialism Workers brace for next disaster US forced to seek cash for Fed Panic hits Wall Street titans left standing Central banks in rescue bid September 20, 2008 US brings out big guns to fix credit crisis September 22, 2008 Goldman, Morgan Stanley no longer investment banks Congress urged to back $US700b bailout September 23, 2008 Rescue to include foreign banks Bailout details still a mystery September 24, 2008 Financial crisis takes centre stage at UN Paulson warns of dire consequences if bailout delayed Buffett buys into Goldman Sachs Battle heats up over US bailout Goldman sells $6b stock, doubling planned offer September 25, 2008 US facing 'grave threats' to financial stability September 26, 2008 Bush hits the panic button on crisis US seen losing financial superpower status Economists warn against rushed rescue JPMorgan takes over Washington Mutual US bailout plan in limbo September 27, 2008 Largest ever bank failure September 29, 2008 Fire sale of Bradford & Bingley as nationalisation looms September 30, 2008 Citigroup swallows Wachovia as banking woes spread Stakes too high to abandon rescue plan: economists Bailout deal voted down October 1, 2008 Sell, sell! The day the House sold out Wall Street Europe scrambles to save banks from meltdown October 2, 2008 US Senate passes bail-out plan October 3, 2008 People have never been so fearful, says Buffett October 4, 2008 US passes $900b rescue plan October 6, 2008 A shattering moment in America's fall from power Iceland's economy on brink as lender falters Bail-out fails to buoy markets October 7, 2008 Paulson, Bernanke consult as $980b rescue plan readied European leaders pump billions to counter crisis Sharpest slide since 1987 Europe battles to contain crisis Iceland gets $7.6b Russian loan to halt meltdown October 8, 2008 European disarray as all go own way IMF warns of major downturn CommentsLeave a Reply | AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesOctober 2009 Categories |
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