It is not that bland or myopic for me, for all I really see the President as is a job description. One that has on the first line, the ability to be deceitful and masterful in the art of double speak via lies, misinformation or silence. Obama and the rest of the folk on Capitol Hill and Wall Street are not being honest with us, the American populous. They tell us that things are ok, that the economy is improving but the reality is that it is not.
Both the Treasury and the Federal Reserve were and are well aware of the troubles which the nine big banks in America face yet feel obligated to tell us otherwise, that the banks are in good shape, improving and that the $125 Billion we gave them has proved successful – not. The reason why I suspect is because these banks and lenders can’t collect on more than 20 percent of their loans, most of which are (non current) 90 days overdue. We have had almost 100 Banks fail thus far this year (which I predicted last year) and a 41 percent increase in personal bankruptcies over the last 12 months. The FDIC even projects more than 400 banks may fall as well. And these are not the Wall street folk, but the folk who be putting cash into mainstream
Moreover, when we loose 16K to 67K in jobs on a given day as some papers have documented, things are not getting any better soon (next 3 years). It’s not a good sign. For me, when I see companies cutting 20% of their work force, it tells me about the future, and a future that is one of reduced sales and profits. I also know that the number is paraded out in front of me as the national unemployment rate as if it was in the Rose bowl aint the true value (as we stay in statistics when we speak of error). The model used by the Bureau of Labor Statistics attempts to estimate new job formation caused by the birth and death of businesses and as a result added more than 900,000 jobs when the compute overall unemployment. Which tells me that the true figure may be 20 percent or more?
We lost 263,000 jobs in September making by government number, more than 15 million unemployed since last December. Now I won’t ride the President for trying to get the Olympics, albeit he should have known that there has never been one in
12 comments:
i feel ya Pimp! we ain't gonna get no more than what we demand. i got this cartoon that has the POTUS(prez of these united states) trying to deliver a bouquet called 'bipartisanship' and an elephant on the phone to 911, saying ," there's a stalker at my door!!". that sums it up for me. he wastin' his time tryin' to 'get along' without going on. but that's just my opinion, and u know what they say about opinions.
AND thats why GOLD hit all time high today + dollar is weakening quickly.
"Oct. 6 (Bloomberg) -- Gold rose to a record on speculation that currencies will depreciate, spurring inflation and boosting the appeal of the precious metal for investors seeking to preserve their wealth."
http://www.bloomberg.com/apps/news?pid=20601087&sid=afn0rKDXu3Hw
I like how they say it's just "speculation" when gold or oil rises but when oil went from almost 150 to 30 they didnt say shit about "speculation."
Why can't it be intelligent people deciding to dump the dollar for real wealth (gold) based on the terrible decisions of US government and Federal Reserve.
I can only come to one conclusion. It is all purposeful.
The last link in your post is the story I've been expecting - and dreading - since 2006. I think it may have been Madeline Albright who said back or before then, that by 2010, North American Union would replace the USA... another under-reported story. With this will come the Amero, replacing the dollar.
I will miss Benjamin and what he stood for in my wallet.
Criminalizing lack of medical insurance coverage - who didn't see this shit coming? It's been about erosion of choice and a gradual progression of mandates (i.e. seat belts, auto insurance, etc.). We already know who'll shoulder the brunt of these penalties.
there is a combined backlash to lack of medical care of loans, which is that prior to this economic dip that we are experiencing the NUMBER ONE leading cause in lost property was medical bills, which is to say that the uninsured were more likely to lose personal assets due to medical bills and those assets were property.
I'm the working poor with no health care as are many in my non union industry. we bust our asses with no medical care with rising costs and seasonal work the math doesn't always add up.
Black children by and large are still lacking in proper medical care nation wide. Black infants still the highest rated in infant deaths. Black and Mexicans have the highest probability of Swine Flu infection based of poor health care. Blacks and Mexicans have the highest rising rates of HIV and AID, Black Men leading the race in Prostate Cancer and the list goes on...
The idea that health care is not something that everyone in this country should have is as archaic is the idea that education was once only for white people.
the socio economic divide will remain and we all know that private health care is better than public however our country needs to acknowledge that the health field is not an even playing field.
Man, so much is wrong right now, people couldn't handle the truth. The powers that be are forced to play "daddy" and tell the "kids" only what they need to know.
In the meantime, you have to do better if you know better.
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