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Showing posts with label recession. Show all posts
Showing posts with label recession. Show all posts

Thursday, June 2, 2011

US recovery slows, fueling stagnation fears

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A home is for sale in Glendale, California, in May
© AFP/File Robyn Beck
AFP

WASHINGTON (AFP) - Revelations that key sectors of the US economy were pummeled last month have rekindled fears that the world's largest economy faces protracted high unemployment and lackluster growth.

Exactly two years after the recession officially ended, weakness in the jobs, housing and manufacturing sectors left economists scrambling to downgrade their growth predictions on Wednesday.

"This week is the most important week for assessing the strength of the May economy, and growth is looking much softer than we were forecasting," said John Ryding and Conrad DeQuadros of RDQ Economics.

Friday, November 26, 2010

USDA Reports Food Shortages: Wall Street 'Caught Off Guard' by Severity

Eric Blair
Activist Post

Several recent headlines indicate that food prices will continue their swift climb upward. These troubling new reports show that agriculture production and stored grains are critically low and experts are now predicting food shortages on a grand scale. 

Look at a few mainstream headlines:Drought threatens global rice supply in the India Times; VA farmers say heat taking toll on crops,Associated Press; Severe food shortage follows lack of rainfall in Syria; and, finally, Corn prices bolt as USDA downsizes crop estimates, which states that, "Commodity professionals were caught off guard Wednesday by a U.S. Department of Agriculture report showing 1 million fewer acres of corn planted this year than earlier projected, and almost 300 million fewer bushels of corn in storage." And these articles don't begin to address crops being damaged by the toxic rain from the Gulf oil disaster.

We are back to recession economics and rapidly heading toward a deeper, longer “Third Depression.”  With all recent economic indicators setting new record lows and deficits at record highs, this ship is only going one way folks, down, down to Chinatown.  This WTC-Building 7-style-controlled-demolition of the U.S. economy has long been engineered by the borderless banksters and has been set in the same way to collapse at a free-fall rate.  With all of the manufactured confusion it may be difficult to know where best to invest your limited assets, but it seems to be clear that Food is on the march.

There were several trend forecasters and financial firms predicting upwards of $200/barrel of oilbefore the Gulf oil gusher. The “analysts” said this would occur because of the perception of scarcity and a weakening dollar. The oil disaster and the subsequent outrage at Big Oil will surely take care of selling the perception of scarcity, while the Federal Reserve and Congress will surely take care of weakening the dollar.


We’ve seen this Beta test before when oil prices reached their peak of $147 in 2008 sending the price of food to the stratosphere.  Food staples like ricenearly tripled in six months and at times increased 50% in just two weeks, primarily because of record oil prices and a weak dollar in 2008. During this run-up on prices, big box stores like Sam's Club and Costcowere rationing the number of bags of rice customers could buy.  You can bet that Food Crisis Beta 2.010 will be far more severe.

This third factor of actual Food Scarcity, coupled with high oil prices and a feeble dollar, will multiply the severity of increasing food prices.  Whether this scarcity is being engineered to further cull the population or is a genuine imbalance in supply and demand is not important.  The fact is that this reality is playing out in the matrix.  Being aware of this triple-threat to food costs creates an opportunity to soften the recessionary blow, and perhaps offer some economic freedom from those who would like to reduce us all to serfdom.


You don’t have to be an End Times survivalist to believe that storing food is pragmatic.  Everyone with expendable cash can and should design a good food storage and rotation system and buy bulk food as an investment -- in addition to creating self-sufficiency.

Many rationalists are touting guns, ammo, and gold as good small-scale investments given the despicable agenda unfolding in our matrix.  Certainly those are critical investments in an economy dwindling down to the rationing of necessity, but not everyone is into guns or can afford bundles of gold.  And gold, at the end of the day, can only be traded for necessity.

These recent food alerts seem to indicate that food may be the best short-term investment for the “Average Joe.” It's simple:  if the retail cost of rice doubles, as it did in 2008, then you (the investor) make 100% return in something that's immediately tangible and usable.  It’s time to pay the tax penalty for cashing out your mediocre "I-bought-in-to-the-American-Dream" 401K and invest in Food!


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Friday, November 12, 2010

It's Not the "Great Recession", It's the Great BANK ROBBERY

Washington's Blog

In case it's not crystal clear, this isn't the "Great Recession".

It's really the Great Bank Robbery.

First, there was the threat of martial law if the $700 Billion Tarp bailout wasn't passed. Specifically, Treasury Secretary Hank Paulson warned Congress that there would be martial law unless the Tarp bailouts were approved.

As I pointed out last October:
The New York Times wrote on July 16th:
In retrospect, Congress felt bullied by Mr. Paulson last year. Many of them fervently believed they should not prop up the banks that had led us to this crisis — yet they were pushed by Mr. Paulson and Mr. Bernanke into passing the $700 billion TARP, which was then used to bail out those very banks.
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Monday, October 25, 2010

Welcome to the Greatest Depression: California’s Best and Brightest Face Homelessness, Poverty

Kurt Nimmo
Infowars.com
October 25, 2010
I don’t know why CBS insists on calling what’s happening economically in this country the “Great Recession.” It’s the Greatest Depression. It is quickly shaping up to be worse than the first Great Depression.
At least CBS admits unemployment is not a measly 9.5 percent like the government claims. It puts it at 17%. Actually it is closer to 23% and will soon eclipse the unemployment rate during the first engineered depression.
Most people realize Obama’s “Summer of Recovery” was a cruel joke. There will not be a recovery. The plan is to turn the U.S. into yet another third-world slave labor gulag. It will take some time to wreck what was once the most productive and prosperous nation in the world. In the meantime, people need to start educating themselves. Turning off CBS and the rest of the corporate media would be an auspicious first step.
I can’t help but think all the intelligent people in the video below are spinning their wheels as they are systematically being pauperized and converted into the latest class of serfs by the banksters. I wonder how many of them will vote for Democrats, Republicans, and the trademarked Tea Party next month. Doing so will seal their fate. The political class in this country works for the international bankers and its transnational corporations. And that includes Tea Party Sarah and the RINO neocons masquerading as our “independent” saviors.
The 99ers are about to have their homes stolen and their meager unemployment checks cut. They will be out in the street. Basically the only choice they have is to get rid of the government now selling them and their children out to a global elite that specializes in converting the planet into a slave labor plantation. Most of the world works for less than two or three dollars a day. The 99ers are about to join them if they don’t get educated fast and stop playing by the rules. It’s a rigged game. The only other choice is to be a slave.
At least CBS admits unemployment is not a measly 9.5 percent like the government claims. It puts it at 17%. Actually it is closer to 23% and will soon eclipse the unemployment rate during the first engineered depression.
Most people realize Obama’s “Summer of Recovery” was a cruel joke. There will not be a recovery. The plan is to turn the U.S. into yet another third-world slave labor gulag. It will take some time to wreck what was once the most productive and prosperous nation in the world. In the meantime, people need to start educating themselves. Turning off CBS and the rest of the corporate media would be an auspicious first step.
I can’t help but think all the intelligent people in the video below are spinning their wheels as they are systematically being pauperized and converted into the latest class of serfs by the banksters. I wonder how many of them will vote for Democrats, Republicans, and the trademarked Tea Party next month. Doing so will seal their fate. The political class in this country works for the international bankers and its transnational corporations. And that includes Tea Party Sarah and the RINO neocons masquerading as our “independent” saviors.
The 99ers are about to have their homes stolen and their meager unemployment checks cut. They will be out in the street. Basically the only choice they have is to get rid of the government now selling them and their children out to a global elite that specializes in converting the planet into a slave labor plantation. Most of the world works for less than two or three dollars a day. The 99ers are about to join them if they don’t get educated fast and stop playing by the rules. It’s a rigged game. The only other choice is to be a slave.




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PureWaterFreedom

Monday, October 11, 2010

The Killing and Reviving the American Dream

Llewellyn H. Rockwell
Lew Rockwell

USA Today loves to run lifestyle features that purport to show how we are living, what we are doing, what we like and what we don't like – premised on a collectivist assumption that all our preferences can be tracked and characterized with these aggregate claims.

Most of the time, these features are silly. It's not really true that we are all listening to Lady Gaga and Justin Bieber, or tweeting what we had for breakfast.

However, the other day, the paper offered a roundup of how the great recession has affected American life. The business cycle is one of those forces that does indeed affect everyone, so perhaps it makes sense to examine what the paper had to say.

The trends are gleaned from US Census data, which provide a look at how economic downturns can devastate a society, and offer a glimpse into a theme that the Austrian tradition has long emphasized. Economics isn't just about trade statistics, retail sales or GDP. It is the very pith of life.

What the Census data indicate is that our mobility has been drastically curtailed from what it was a few years ago. The number of people who have not moved from one home to another, from one community to another, has risen substantially.

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