5/5/09: TWO FED OFFICIALS SAY THE RECESSION IT LIKELY TO END THIS YEAR
Posted by the912project on May 4, 2009 · 185 Comments
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185 Responses to “5/5/09: TWO FED OFFICIALS SAY THE RECESSION IT LIKELY TO END THIS YEAR”The Restoring Honor Rally August 28, 2010
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Forgive me Morgue, I forgot about "change".
Do I believe a word out of this administration? NO!!!NO!!!NO!!!
Obama probably will take all the money he raped from us to buy a lull in the devastation just prior to the 2010 election. I know that he has pretty much completely pillaged the economy. Even as greedy as he appears to be he will throw some at the party and supporters (acorn, unions,far left etc) to ensure that he remains the messiah and gets a second term to nourish his narcissistic soul.
Okay, so they will need to pull out all the play money if the economy recovers to prevent hyper inflation from putting us back into recession? Before these people are finished with us, you will need a wheel barrow full of this play money to buy a loaf of bread. Change we need – yes we can…….
good for you to be involved in grassroots…I am involved, but a much smaller scale I'm sure. I am planting more than my usual garden this year. I use containers on my deck for tomatoes. We live in a farming area, so we have a good source of fresh vegies and apples in the fall. Canning is easy as long as you keep things at the correct temperatures. I am exploring pressure canning and have done ground beef so far. This weekend will be sale priced chicked breast and stew beef. I hope we have enough time to get all this done before something happens…hehe. The task is monumental, but if you space it out…it can be manageable. The equipment is the biggest expenditure. Remember…only store what you will eat and eat what you will store. Just being aware of the need to prepare helps you keep in a priority. Have fun
From: notifications@intensedebatemail.com
To: jonigross44@hotmail.com
Subject: GrassrootsTXgal replied to your comment on 5/5/09: TWO FED OFFICIALS SAY THE RECESSION IT LIKELY TO END THIS YEAR
Sort of like the trains used to transport prisoners to concentration camps in WWII. There are lots of rumors on the web that say that the govt. has trains in place in case of some \”national crisis\”…I have no idea if it is true or not…I was just mentioning it as a joke to obliquely refer to our progress towards totalitarian regime!
I was never very good at economics. Yes I heard the news ,with bankers terms, and wall street terms.
Some how I was never able to assimilate the relation of their GOAL,
Now I see what our government has been doing to us through several Congresses and Presidents.
Removal of the —— Glass-Steagall Act of 1933—-
this is how Greedy Bankers and Wall Street were allowed to rape the people.
<a href=”http://news.goldseek.com/GoldSeek/1209999600.php” target=”_blank”>http://news.goldseek.com/GoldSeek/1209999600.php
http://news.goldseek.com/GoldSeek/1209999600.php
This is an EYE opener.
Another good research location. There is another good one that explains clearly what happened.
Seem to have miss placed it. Will search and get back to youl
http://www.pbs.org/wgbh/pages/frontline/shows/wal...
oh sure
wink wink!
GDP still falling, no floor in the housing market, (haven't even seen the bad news regarding the commercial real estate and credit card bubbles) unemployment still rising, more and more massive spending and future debt, more taxation (BO & congress planning to let the bush tax breaks for middle income earners expire next year), market being stimulated primarily by the traders short selling, the fed presses printing more money 24/7 while china backing off buying our debt (even they realize this is folly) … AND are you watching as the price of oil goes up?
oh yeah, and they expect us to buy this baloney and gleefully await this rapid recovery…. right!!! they truly believe we are that STUPID!
My wife and I have dabbled in real estate. We looked at commercial real estate and I think you are dead on. It will soon though.
Everyone needs something they can’t or just don’t have the ability/time to make for themselves. Retail sector is always sound, just as I mentioned that soft line items are up. Durable goods are still down. I think that the sharp businesses will see the value in bartering come to a new place soon. Trading services for goods and vice versa will rise to new levels. With retail, just my thoughts here, as long as you sell products that people can see the value of the purchase, you will never go wrong.
This is the same old tired fertilizer we hear when the economists employed by Uncle Sham want us to go out and spend a lot of money to save their investments.They have yet to realize that we are getting wise to their manipulations.I believe the worst is yet to unfold, because we have not yet had the inflation that is the ultimate result of what has been done to "fix" the economy so far.
The time has come when we all may need the mark of the beast in order to survive. Pretty scary, but it's closer than we think.
The lake in hell will freeze over and everyone will get a round on the ice and I will still reject it.
Me too! : )
Great idea, I never thought of home remedies too. It never hurts to be prepared for any contingency. You are up to 1 year of storage…that is amazing. You must be storing the raw grains too. What kind of mill do you recommend? Currently, I have at least a month or 2 for my family of 5 including all preferences. I looked at the mormon food list and it is a great guide as far as amounts go (very ambitious for a beginner). I have been canning meats this month…buying on sale. There's only so much tuna and canned chicken you can handle. Anyway, thanks for the tips
From: notifications@intensedebatemail.com
To: jonigross44@hotmail.com
Subject: TXTJ replied to your comment on 5/5/09: TWO FED OFFICIALS SAY THE RECESSION IT LIKELY TO END THIS YEAR
Inflation………it's been happening all along and one of it's many faces is the value, or buying power of the dollar. When the government increases the supply of moeny, which they must do when they use deficit spending to "pay" for programs, the value of the dollar drops. The truly Herculean deficits we've just incurred have already had effect on the buying power of our dollar – when you increase the money supply, you have inflation.
I'm really sick of seeing the group think or at least "party"" line chatter by all these people. The massive stimulus wasn't on our economy – it was on government. I would love to see what and how many private industry jobs were "saved" or "created" by this so-called "stimulus" bill that seemed to have descended from heaven.
If we are spending $3.5 trillion a year in the Federal budget, but tax receipts equal only $2.3 trillion how will the recession ever end? Can we run over $1.2 trillion annual deficits and pull out of a recession or are we headed for a depression? And that doesn't include all the stimulus, TARP, TALF and the other giveaways that B. Hussein has engineered for his union pals.
Remember that to BO "spending = investing". So that large and unsustainable deficit is actually a surplus! Down is up, and dogs have human pets. *spooky hand motions*
It is like not being able to pay your mortgage so you put it on the credit card. Sure things are great until the next month, then you owe TWO months plus interest! What have we done to our kids!
It could happen… the recession could end and that's when the depression will begin. Either way, the power hungry Obama wins. Heck, he even wins if we pull out of this tail spin. It must be good to be the king…er….president, I mean.
Liars lying, whats new
Yea, and monkeys might fly out of my butt!!!
If you have money in the Stack Market take it out.
If we all take it out and close out all our accounts, maybe these Political jerks will get it.
As for all the Bills being past there is not much we can do other than writing and call our Representatives daily.
I certainly pray, (am I allowed to say the pray word?) that there is a mojor storm that would hit DC and wipe out all these Politicians.
If you have money in the Stack Market take it out.
If we all take it out and close out all our accounts, maybe these Political jerks will get it.
As for all the Bills being past there is not much we can do other than writing and call our Representatives daily.
I certainly pray, (am I allowed to say the pray word?) that there is a mojor storm that would hit DC and wipe out all these Politicians.
Amen! People should not believe a WORD of Bernanke and Gang! Things will get worse, I hate to say!
The underlying problem is that politicians only think is terms of 2-4 years (the next election), so they make decisions that may improve the economy in the short term (so they get re-elected) by dooming the nation down the line. They figure it'll be somebody else's problem. Solving a bubble by creating a bigger bubble makes no sense to an economist, but it makes perfect sense to a politician.
The problem is, they are consulting Keynesian economists instead of Austrian school economists!
P2O, I hope you are wrong too, but chances are your assessment is correct.
Look around your towns. You notice how many buildings that used to buinesses in them. A lot of these were mom and pop stores. Somebody owns those buildings and thier not getting payed. So I dont even think we've seen I think right now we might just be in the eye of the storm. Trust me there is more to come.
Yea, there are empty strip malls all over my area. Thirty percent of the stores in the mall here are empty.
Good analogy! I will quote you!
You are so right. The commercial real estate problem hasn't even fully hit the books of the banks yet.
Even if it does we're so far in debt it doesn't matter. I do think the recession would have ended if the govt. wouldn't have done anything then at least we wouldn't be so far in debt. We're screwed no matter what happens at this point.
The Feds are just concerned about up coming 2010 elections. We will all soon be working at McDonalds as Obama keeps attacking companies from every direction, including more taxes and forcing unions down their throats. There soon will be no industries in the US. Anyway the things going on in the auto industry have not even hit the economy yet. Wait until all the out of work auto workers start loosing their homes and defaulting on other credit obligations. And then Obama is going to shutdown all the coal mines in the US until we can figure out how to burn coal again. Washington is blowing more smoke into the mirrors.
You forgot to mention that B. Hussein Obama and the libs in congress won't even stop illegal aliens from getting jobs that more than 5 million out of work Americans could have. They even refused to implement E-Verify for government jobs. This means they would rather hire illegals in the government than have the jobs go to Americans. Pathetic.
Hey guess what Feds? No one believes you! You wont get the rest of my money
Sadly, they don't need to get your money. They can just print more, and devalue it instead.
Did you get the memo: Time to Spend
What do they think they make a public announcement and its all over.
They started the whole thing with their subprime lending and out of control spending. Then they cried crisis for 8 months and scared everyone, but now its done.
Yes and there is a pot of GOLD at the end of every rainbow!
That's funny the FED caused the recession. Its kinda like someone saying, the beatings will stop when I stop beating you.
HA HA! Beat me some more, Bernanke! It hurts so good!
We MIGHT see some short-term economic improvements, but they will be only temporary. While the infusion of money thru various government projects may put some to work, they will either be temporary (such as bridges and roads that, once completed, the jobs are no longer there) or they will be ongoing jobs which will have to be supported by longer term tax increases. Hiring a few thousand cops, for example, from stimulus money means that in a couple years the money runs out and the jobs go byebye, or it will have to be further funded and what we have been told will be a temporary spending measure will become the baseline of the new budgets. In the end, the increase in spending that will be permanent, as well as the debt burden, will mean the govt will either have to increase taxes dramatically, or cut the projects they have begun which they will not do. Once that happens, either way, kiss any minor economic improvements we might see goodbye.
But don't forget they can just print some more money and "make it all better"! And don't forget that soon we will have 25 million new citizens who will need jobs and free services…….
WE ARE SCREWED!
What to do they know? They helped get us into this mess and are out of touch with reality. I would rather talk to real people, business people, workers. A fortune teller knows more.
They bailed out Chrysler.
If you add in the additional government workers we will pay for of course we will look better for a short while. They will spend money but it is not earned from generating value it is play money.
What about the real value add producing part of our economy?
Must be nice having your own propaganda machine.
I hope you dont mean that the FED is the propaganda machine of the GOVT. Because I believe it to be the other way around! But yeah it must be nice!
RIGHT.
And pigs fly.
As we keep haemorraging jobs, and printing massive amounts of our fiat currency, I'm quite sure the economy will get better, and quickly. Oh yes, and the laws of economics don't apply to us…right…
No, b/c we live in the Blessed Land of Obama!
Ya, they just want us back in the market – so when it tanks again we lose the rest of our money.
So true, so true!
Keep up the good work Kathy4Truth.
If Obama can't get guns one way, he might force the company to sell. UUUrrrrrrrrrrrrrr
Remember all the banks & companies he is taking over now. Setting precedents never
before heard of and against our Constitution.
There is an ant in the pie somewhere.
That Sucker is afraid of his own birth certificate.
I suppose our military will be fighting with rocks soon.
Does the name Georgie Soros come to mind in both sides of your question and thoughts!
Thanks for posting that! What a shock to see these Libs getting angry with the supposed loved leader and his administration! But it certainly makes life a lot scarier!
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHA
most people had logical arguments against this article, but you…. you said it best.
Glenn Beck has guys on all the time that say that it will come back and then in the fall will fall again. Let us see if this happens. Hopefully it doesn't but if it does that failure will be another nail in Obama's coffin because he had a chance to fix the whole economy and through his programs, if it falls again, will be blamed for causing this next down turn. I read this on http://www.americanparchment.com and then tried to search out Glenn's guest who always talks about this, does anyone remember his name?
Isn't it the college professor, the one who passed out? last name starts with a B… David Buckner?
Walt Zimmerman or Art Laffert? Or that professor from Columbia who fainted on the show? They all run together in my head!
Think the two forgot to add it will end only when the Messiah waves his hand around and it begins to rain lollipops would the recession end.
Gee, does that mean you don't believe the "one" or are you just cynical!
The recession may get better in the next up to a year, but when the Interest rates start climbing into the high double digit percentages, and Inflation starts to climb into the same double digit levels because of the useless spending by Obama, we will drop into another deep recession, that may enter into a Depression! China, the country that buys most of our debt, is signaling a stop to further buying, because our money is turning into a toxic asset!
Chuckles.. There "He" ( The One) goes again and takes The One Lite (Biden) out to McDonald's for lunch..is that not picking a winner ?.. I mean why not Subway..Burger King..and on and on..did "He" pick McDonalds as a "winner"..implying all the others are "losers" ?…
Look for McDonalds to get some Bailout money even if they don't need it !!
http://www.realclearpolitics.com/articles/2009/05...
The CIA'S fight with Obama.
Has Barack Obama made an enemy6 who can sabotage his Presidency?
I hope so!
<a href=”http://www.scribd.com/doc/14019846/InfraGuard-A-P…” target=”_blank”>http://www.scribd.com/doc/14019846/InfraGuard-A-P…
Something needs to be done soon. Obama has a massive TOE HOLD setting Unconstitutional precedents.
Maybe they will expose him for the fraud he is. They already know….
I've been in a bad mood since the election…personally I am sick of being scared and unhappy! Once we start fearing our Government Servants it time to get them OUT……NOW!
So, does this mean that by the end of the year people will be using credit to buy things they don't need and houses they can't afford? I guess that is the sacrifice we all need to make for the good of the country.
by the end of the year…..there won't be any credit cards
According to what I hear , the Credit Card bubble and the Commercial Real Estate bubble will be the next to pop. Even the so-called gurus on Wall Street are calling this a "Bear Market Rally". I'm certainly no expert, but the inflation that's coming, due to the so-called stimulus spending, will be a monster! When commericial real estate starts tanking like home values have, the "crap" will hit the "air movement device"! Then watch the credit card companies fold like an accordian and we're in for a wild ride!
"Other than that, Mrs Lincoln, how was the play?"
Watch this video everyone. If you have not seen it, it will open your eyes real wide. It is long, but I believe in my heart of hearts every single God loving American should know who really runs the show. If link don't post, copy and paste in your browser. Let me know what you think.
http://video.google.com/videoplay?docid=-51531956...
wow, wish I had seen that a couple of years ago
The money masters is a great video, very accurate and informative. It makes me happy that I read so many posts about how Americans are really waking up! Keep spreading the message man! This country WILL NEVER CHANGE until ALL OF US understand who is really running the show. Educate anyone who will listen, it helps more than you know. I tell all that I can, and most are shocked to know the REAL history of their country.
Can you give a brief summary?
Yeah , and I have some pigs to sell.
How do they know? The run the FED that's how they know. They started this recession when they wanted it started and it will end when they want it to.
Support HR 1207
AUDIT THE FED< THEN ABOLISH IT
They are just trying to get people to spend again. They will say anything towards their goal. Glenn has been reporting that Obama has psychologists and image consultants advising him on what to say to get people to spend. How to market his agenda.
Very CREEPY!
I can believe that. A lot of these " For two payments of $19.95" companies employ these kind of people. And a lot of people buy things they don't need from these companies. I have friends like this and they have bankrupted three times in the past 25 years!!
The Feds are either lying or do not have a clue. Obamas reckless monetary policies will cause hyperinflation destroy our Nation while the media has been falling over itself praisen Obama bold initiatives…..I seen and lived trough this kind of insanity and irresponsible government before. Do not be fooled even if the media and Washington tell you it is getting better. I hate to say it, it will slowely go down hill and by next year, we will feel the stupidity of this President and congress policies.,,,,we all know you can not spend money you do not have and they spending 10 Trillion.
Like Glenn said yesterday…"Pay no attention to the experts". Everything is political. This recession was bound to happen, but was made worse by the media and our government. Now if they can ease the tension by feeding us lies they can turn public opinion into…"Well I guess all those bailouts did do some good". This is all about controlling public opinion and making Obama look good. His auto bailout was a complete failure and a huge waste. Many banks are trying to give back the TARP funds, and 90% of all the stimulus either isn't stimulus or doesn't come into effect until much, much later. They are counting on the public to look at everything at face value and trust the experts. They will try to end the recession the same way they are trying to push global warming…by ramming it down our throats. You see, the debate is over…the recession is over when we say it's over.
Last week the core personal consumption expenditures index, which many say is the Fed's favorite inflation gauge, came in at 1.8 percent — holding well in positive territory.
so 1.8 percent is growth??? what does this mean exactly.
Economic Indicators
From How the Fed Works
the personal consumption expenditure and indicates future growth or lags in the economy. Business Sales and Inventories –
.
A convienient ending so the Dems can stay in power.
Flim- We are doing this for you.
Flam- Soros make a billion
It is all a scam and a sucker is taken every sceond
I suppose these are the same officials that never saw the imminent collapse of our market? Only Glenn saw it coming and tried to warn people. He was labeled an alarmist by those we are now being told "all is well". If the feds told me the sun would rise in the east, I'd have to question it. They are batting zero, so I don't think that trend is likely to end soon. Take it or leave it, but I don't trust them as far as I can throw them.
My brother in law was an assistant manager for a hedgefund. He told me 5 years ago that a huge bubble in the market and real estate is being created by very low interest rates and lax lending standards. I should have listened to him………………..This crash was known and predicted.
WHAT?!?! Oh, crud! The world is NOT coming to an end? And after Glenn convinced me to "prepare"? What the heck will Glenn Beck rant about, and what am I going to do with all this dried food and bottled water?
keep it handy unless you REALLY beleive what your employee's (the goverment) tell you
I don't
buy another case of water and some hybrid seeds
There is plenty to rant about with this government.
Preparing for the worst is better than being caught unaware.
I hear there are lots of good deals right now. The the propagandist main stream media says to buy while prices are low. I am off to get my marked down Malibu Mansion.
Spending is up so the economy must be up too. Forget about the fact that, local governments and states may be limiting new hiring and overtime for police, sheriff and other law enforcement. Local corrections are releasing tens of thousands of inmates from local prisons, because, the credit ratings of local governments are downgraded in all states, nationwide. State governments, like bankrupt California, also report that inmates are released from state prisons to cut costs. It sounds like a good time for “weapons and ammunition stockpiling.” to go with all your other "right winged extremist" food storage items. Just in case an ax murderer drops in to borrow a cup of your dried food supplies in the middle of the night.
Please don't be gullible…do you actually BELIEVE the mainstream media (and that includes Fox!)
So the deep recession is suppose to end at the end of this year. And, as we all heard last week, they have already announced the "new" emergency scheduled to take over. The "swine flu" is to make a resurgence at the end of this year and possibly next year, coming back with a vengence to kill millions like the Spanish flu did in 1918. Pre-planned emergencies, got to love them. The scary part is that our economy has 24-36 months before something serious hits the fan. How do I know this, check out the stimulus bill, the 2011-2014 dates for fund releases give you a clue as to what they are planning on down the road.
Hmmm……very insightful! I agree.
I am just a simple person, however I knew that the economy could not keep the pace that it was going at forever. I had watched the election process carefully for two years and the one thing that struck me was how all of the planets aligned to get Obama elected. Think about it, the economy had its big downward swing a couple of months before the election. I know it was on its way down, but look at the timing. I am not a conspiracy person at all but I often wonder if this crisis was not a manufactured crisis. When John McCain said the fundamentals of the economy were sound he was thrown under the bus for it. Obama says it and its sacred doctrine. Now we have the feds saying we will be out of this recession by the end of the year. How do they know, unless it was a manufactured crisis or they are just handing us another big lie. Everybody should just keep saving, work hard, pay off your debt, and if you have to buy, buy from a sound American company. I can no longer believe any of these snake oil salesmen.
I believe what you are saying, this was made. The FED made it. If you do not know the History of the Federal Reserve, learn it and it will all make sense.
watch this video, it is long yes but well worth your time. It loks like it was made in 1972 but it was 1994.
video.google.com/videoplay?docid=-515319560256183936
Sandra, I believe that simple people usually make the most reasoned asessments of their surroundings and I embrace my "simple" status. Chances are, your skeptism is what will keep you prepare for the worst, and having a healthy dose of skepticism is what is missing from alot of americans. In fact this dependancy is being promoted by not only the democrats but many of the republicans as well. You are very wise to recognize this and you are not alone.
Yes, your gut is right! The FED and the global bankers and corporations really pull the strings in our govt. Like the post below said, do research on the FED. There are also many good books on topic on Amazon. I HIGHLY recommend "Meltdown" by Thomas Woods. You will understand what has happened and what is to come much better! It is a doable read on true economics.
Unemployment is still going up. China dosen't want anymore of our debt. things are not all rosey like we are being told. I think BHO needs to stop listening to the song "Don't Worry, Be Happy" I hear it is going to replace the presidential march song
I think that only WHEN China stops buying our debt that we'll actually start getting serious about cutting programs and shrinking government … or we'll collapse like the Soviet Union.
Don't you think American's will be much more inclined to support a 3.5T dollar budget, national health care, expansion of entitlement programs, nationalization of banks, etc if the economy is turning around?
Not with these leaders. They will print another trillion.
Sure it is !
Put your trust in God but keep your powder dry.
Wise advice MikeinIdaho. I hope people listen, additional advice would be to check out long term food storage on youtube. Things could get ugly. There is little hope that researching a Marsh Mouse's habitat in California through stimulus funds is going to do anything to expand our contracting economy in the next 36 months. I hope folks listen less to Government economists and pay strict attention to those not on the Government dole.
After listing to the attorney discuss the THREATS of the Obama Admin,,,,what is intresting is it was brought out that the White House was providing OFFICIAL PRESS RELEASES that "talks were going on with ALL parties" at the same time the Attorneyy was in his office with his clients and did not know WHAT talks it could have been",,the attorny knew this was a FALSE offical statement,,,at the close of the interview the Attorney did remark that at a FORMAL HEARING,INVESTIGATION like as in FEDERAL COURT or appeals,,,,the turth of Obamas admin flase statements refering to the ATTORNEY AS lieing,,,would be PROVEN just that OBAMA is LIEING,,,,I invite a PUBLIC COMMISSION,,,NO CLOSE DOORS to PROTECT Americans from being THREATENED by ANY ELECTED OFFICAL,,,all documents ,all witness's be OPEN to FULL UNEDITED PUBLIC COVERAGE,,,,,myself,,,I believe as many,mnay AMERICANS that Obama is the LIAR,,,and it it true that OBAMA is "cooking the books on the banks,,,,as the public outcry wnats the TRUTH,,
Don't let your guard down! Keep saving money as best you can, keep paying down your debt as quickly as you can.
Put up food, water ammo, etc. That light they are showing you is NOT the end of the tunnel….IT'S A DANG TRAIN!!!
Bear rally plain and simple. A hedgefund friend told me to pull out your cash we you see a string of double digit losses.
Are you referring to FEMA trains?
Exactly what are all those long trains for. Really, I have heard that they are FEMA trains, I have heard they are for the upcoming emergency to ship food and medical supplies, I have heard that they are to transport people to camps, does anyone have an educated guess as to why these trains are starting to show up on tracks, someone just keeps adding more and more cars to the end of the trains. Did I miss something?
I read about that in one of the comments…what are FEMA trains?
From: notifications@intensedebatemail.com
To: snm31495@hotmail.com
Subject: GrassrootsTXgal replied to your comment on 5/5/09: TWO FED OFFICIALS SAY THE RECESSION IT LIKELY TO END THIS YEAR
Since when does anyone of this blog TRUST ANYONE IN GOVERNMENT! Most speically anyone serving in the Obama administration! TRUST AT YOUR OWN RISK!
They have no clue they are guessing! Hey can I get a job like that would take me 10 minutes a week and I could work another job too!
There is no way that they are going to control inflation. They need inflation badly to help create "The next round". They need more crisis to finish the implementation of the new Statist system. We could experience an inflationary recession in a few years if they don't control interest rates soon. I know that these lows are great for home and car buyers but these lows will run the currency into the ground at some point. This can't go on forever.
And this will lead to price and wage controls. Inflation is better than deflation. In a deflationary period, banks are highly resistant to loan money. Hyperinflation is the big worry. Once price and wage controls are enacted, American Exceptionalism will be lost for a generation if not ever. Mediocrity will reign supreme. The elite statists will be all powerful. They will even hire undocumented workers to come into our homes and change our diapers. Can't wait. They control the governement and the press. The fairness doctrine will destroy what;s left. They are working feverishly on the financial sector. They also control our educational system. How did we let it get this bad? Does our "hands off" approach as Libertarians keep us from becoming involved in other affairs as we feel that most aspects of life are self-regulating? Perhaps it is time for activism?
Couldn't agree more. Nixon tried price and wage controls and it created the Stagflation that Jimmy Carter doubled down on.
Don't forget New World Order!
Sure …. these are the same people that said back in 2006 that there was no problem at all and recession doesn't seem likely in the near future. Hmmm … wonder what "near future" meant ….
Here's a link to see all his earmark spending, $$$ and companies:
http://www.legistorm.com/earmarks/details/member/...
WOW! I can sure tell there is a democrat in the White House again, because the major news networks are job hunting for Americans again, to make the President look good. I haven't seen a show like that on a major news network since Bill Clinton was President. I just got done watching a special about a town in Wyoming where there are more jobs than they can fill, called Pinedale. Incidently the town is 78% republican…what a surprise! Isn't it a surprise that an area with a lot of jobs is republican, not for me!
WOW! I can sure tell there is a democrat in the White House again, because the major news networks are job hunting for Americans again, to make the President look good. I haven't seen a show like that on a major news network since Bill Clinton was President. I just got done watching a special about a town in wyoming where there are more jobs than people, called Pinedale. Incidently the town is 78% republican…what a surprise! Isn't it a surprise that an area with a lot of jobs is republican, not for me!
Sen Mryatha being INVESTIGATED for awarding a NO BID CONTRACT to SON,,,in Defence agency which MRYTHA is calling the shots,,,I guess CONGRESS feels thats nothing more than a STIM BILL,,,But than MRYTHA as ALL elected officals hide behind the law that those he threaten,harmed accusing with WAR CRIMES could NOT be SUED,,,,well SPECTOR has some highly RESPECTED COMPANY to dine with,,,,What a great ethical prize for OBAMA ,,,they fit right in,,,right next to the TAX CHEATS,etc,,,,,no wonder really decent people DO NOT SEEK OBAMAS Admin,,,who wants to be on RECORD for history with them,,,
Sure the recession will end because we won't have an economy left! Whats with this nonsense with BO stating wall street won't have power over our economy. Excuse me? Thats where all our 401k's are sitting right now mister! Are you trying to tell us all that we lost everything because you think we would be better off a socialist country? Its almost as if they are trying to make us all poor! Whats next BO, are you going to take our property too? You don't have power over people who are not broke is that what this is about? If you make us all poor we won't have a choice but to take your crap? Guess what BO this is one chick that will eat grass before I come to you for anything!!
Two Fed officials say? Ok, my level of trust with regard to the Fed is zero on a scale of one to ten. GDP is still shrinking albeit a little slower. Home buying is up and that is normal for this time of year however the inventory on existing homes is still far too large for housing starts to increase. Until the inventory starts to shrink, purchases of durable goods will not increase hence the decrease in durable goods sales. We all know where the auto industry is so that is also a non-starter. Purchases were up. Yes, people are spending money but this is only on normal goods like food, staples, and clothing. If someone doesn’t see a major purchase in the near future they would tend to spend a little more on soft line items. Yes some people are renovating the homes they have and that is helping slightly, but in the end, unemployment is up, the GDP is still getting smaller and few are investing. Bottom line in my opinion is we won’t see any real recovery until after the first of the year and nothing significant until maybe June 2010. Just my opinion and I hope I’m wrong.
Oh yeah, let me caveat the home purchase comment. It is up compared to last year at this time which was the worst home market decline since…..And we still have the summer travel months ahead. I wonder how many travelers will be heading out for the annual family vacations this year. My guess, less than 50%.
I dont know P2O, what are your thoughts on the commercial retail sector? Also, I totally agree with you on the fact that there are too many houses on the market, I actually just got some great hunting land out in Orange County CHEAP! But, I dont think we have seen the worst of it yet, when it comes to home prices. I believe that the banks are holding a lot of houses on their books, which is only bringing house prices down even more. On the whole economic front, I am just unwilling to even guess when this will be over. I just dont know whats gonna be on the other side of all of this spending. It should be interesting though!
We have a store in a commercial shopping centre. They still think they should get top dollar for their retail space. We have so many empty shopping centres and yet they think 20,000.00 year is a price break. With that said I don't think the commercial real estate his begun to hit bottom.
I think you are a little TOO optimistic. The FED hijacked the economy long ago…nothing "naturally" occurs in the economy anymore. For crying out loud…Obama just sent $100 billion to the IMF….like we just have money lying around! Massive inflation is on the horizon, as well as the commercial real estate bubble and the credit card bubble. It's all about merging us with a world system when we get weak and desperate enough!
Hyper inflation is looming. You just can’t put that kind of fiat money out there and not expect it. Interest rates will go up to meet inflation and wow we’re back in the 70’s. The recovery I expect will be short lived unfortunately. As inflation goes up, and interest goes up, spending comes down and here we are again. Yes the Fed has hijacked the market. We still decide what we spend on and how. The real leverage of the Fed (private banking) is the ability to hold someone ransom with debt. As people liquidate their debt and return to savings, the Fed gets worried and does something radical to get people back in the borrowing game. It’s the only way for them to feed. Starve them by not carrying debt and they lose power. If we do that, you will see the beast come out of hiding. It will be ugly and mean as hell. But we will know it and see it. Then we can slay it.
Don't you just love the word "Likely", it's code for "We have no idea"!!!
And "give me a few minutes to think up a cover-up lie".
Hooray!!!
From: notifications@intensedebatemail.com
To: rcalogeroglo@hotmail.com
Subject: Chiox88 replied to your comment on 5/5/09: TWO FED OFFICIALS SAY THE RECESSION IT LIKELY TO END THIS YEAR
Those guys are economists and basic economics is that increasing money supply will increase demand. That is recovery. The Fed has been printing money like mad. The “improvement” is inevitable, like gravity. The problem is the number of dollars printed. Remember we have a fractional banking system. Ever dollar printed when it goes through a bank loaning process becomes 8. The issue is whether the inflation coming will put interest rates at 10% or 50%. Current credit card rates are approaching 20% and inflation has not even kicked in.
This is like a train ride. They know this ride cannot go on forever. There is an end to the tracks, but they hope others are building new rails faster than they are driving the train. If the tracks run out, crash. Liberal economists are betting they can control the train wreck coming if the tracks don't get built. The political and bureaucratic classes at best do not care and may want the wreck, because that way lies power overall of us.
Since the Federal Reserve Bank is a Private Corporation, they can print up as much money as they want. Hedge Fund investors like Soros make money when the market crashes. http://www.americanissuesproject.org/soros
Ron Paul & the Federal Reserve Bank:
http://www.youtube.com/watch?v=ji_G0MqAqq8
Soros shorts the market to make billion$
That bubble WILL pop when the world stops accepting our dollar (especially China), and we get to enjoy hyper-inflation, and the collapse of our standard of living. After that there is nothing left but to start over and rebuild.
We won't be a Superpower anymore, and the world will be worse for it, as nations like China become to new dominate voices in the world. All the European countries that dissolved their militaries decades ago and relied on the US will be attacked along with the US and Israel as the "Great Satan" finally falls.
Then Jesus comes back.
If you have been listening to Glenn, he said last night that China is saying NO right now! Who will step in next?
Next? The Government will "borrow" money from itself. Zimbabwe here we come!
Since it took a year to discover we were in a recession how is it possible to conclude that we are out of the recession this year? Since all the problems were given lip service and no hard choices were made, any "end" to the recession will be followed by another recession. Who was it that thought the Democrats would be best at fixing the economy?
I don't know what these guys keep smoking but they certainly haven't been able to call things up to this point. What makes people think their predictions will be any better than they have been in the past?
They are full aware that inflation will kick in when the money supply hits the streets. The question is, how do they think they will curb that inflation? When Reagan was president the Fed did so by hiking the prime interest rate well above 10% (which is right now sitting at less than 1%). Our current economy is based upon consumer spending and not making a single thing. Those companies that do make anything are burdened with unions that curtail their ability to actually be viable in the marketplace.
So now we have several trillion dollars extra floating around in the economy that will need to be pulled out if they want to keep inflation down. The only way to do this is to jack up the interest rate to STOP consumer spending. How do they think they are going to stop a recession? They will cause a depression with the level of currency they have dumped into the money supply.
Reagan helped keep his recession minimal by lowering taxes, but the government raked up a big deficit, which is not good.
The situation is not that rosy. We are in the midst of a long ride, and anyone who tells you differently is trying to sell you something. Bush started this bailout mess by not allowing the economy to correct and reset with companies that had made themselves irrelevant through their practices. Obama continues in the bad precedent set by his predecessor.
We must end the Fed Reserve, and go to a standard that will allow us to curb inflation and generate our own wealth rather than the banks slowly taking it away from us.
Well said. I am usually a positive guy, but this recent jump is the stock market that has everyone feeling so rosy feels fake. There are just too many bad things going on for me to have a positive outlook yet.
The recent rise in houses is similar to the recent rise in stocks. Certain people with money available took advantage of favorable tax credits and government policy, and the government forced the banks and lenders to let home buyers slide in their payments for several months without kicking them to the curb. Expect another huge wave of foreclosures towards the end of summer and into next year. I doubt this wave stays localized in CA and Florida either.
Don't forget the $100 billion Obama sent to the IMF!
And as Rahmy Boy said, "Never let a crisis go to waste…"
I'm sure they won't!
http://logisticsmonster.com/2009/05/04/rumor-smit...
OT Gov't Attempting to seize Smith&Wesson?
CONGRATS….You found a real BOMB of information. Follow the trail with more investigative work. Amazing what you learn via the internet.
All we have to do is take what ever the goverment tells us turn it around 180 degrees and then you will have half the truth
Not even the half truth….it's what are they hiding???
All this thugspeak from DC has a purpose. Until we are on a clear path of reducing our national debt (not increasing it) and pull the phantom money out of circulation and destroy it, we will not be truly recovering. In addition, the banks and companies that have been 'propped up' must be either standing on their own, having paid back their prop-up money, or be dissolved. That would signify 'real recovery.' 2010 elections will kick off later this year, and 'good' economic signs will keep Dems from losing seats. BH0 is trying to time a real recovery with his 2012 re-election run.
You are so right with regard to the phantom money. There will be a pseudo up swing in the market but watch the inflation level. Within a month or two of a “recovery”, there will be a sharp increase in inflation. It has to happen due largely to the veritable buckets of money in the system. A $4.00 gallon of milk will be close to $7.00. You may say ouch but it is coming and can’t be stopped now. Also with the bank stress test results pending public release…… the end of next week will something to behold. I don’t mean to be doom and gloom, I’m just trying to be realistic.
BH0 has once again positioned himself to take credit for any recovery, and blame Bush for the onslaught of inflation.
As I stated above, this will lead to price and wage controls as wages can't keep pace. Barry will run for cover under his mantra: It was all Bush's fault and those filthy Conservatives……….Lets all join together and invest in each others recovery………(tax increases and unadulterated socialism). I am not usually a conspiracist, however this seems incredibly well planned. If Soros, etc is allegedly the architect, and he makes more money by shorting the markets, it appears he makes the most if the economy tanks.
Fed experts said this? Oh now I can sleep at night….
Was I asleep for a long time or black out? Seems to me things are getting a lot worse and America further in debt. Oh wait I almost forgot , In a socialist State you just believe what the exalted ruler says and it becomes true or something like true (in OZ).
Well HALLELUJAH at last we're saved ………obama the mighty saviour of the world will rise on his throne and expect credit for all Bush's evil deeds! What a genius! What a saviour, what an IDIOT!
The key to the headline is FEDeral OFFICIALS. What do you expect them to say, they have put all of their marbles in. Or should I say, our marbles. Oh, and they have made more marbles and borrowed marbles from other Countries. They are playing a very dangerous game.
Oh thank god! Wait a minute (checks stock portfolio) I'm still worth about one quarter of what I was a year ago? Its not nice to tell lies Obama! You must not have had a very good mother, you lie, break promises and steal.
Remember up is down, and down is up with these ones. Now I know things are still not going well, because if things were getting better they would be doing their level best to talk it back down to keep the crisis going.
Remember up is down, and down is up with these ones. I know things are not going well, because if they were they would be doing their level best to talk it back down to keep the crisis going.
Yeah…Kind of like "Change", it might not end on the good side!
I also tend to suspect anything coming out of DC. There has been too much too fast. And it's mostly spending that is too much and too fast. Chicago Thugs is the term I've been hearing in my community.
We have a little good news about one segment of our economy and they are already saying that this will be over by the end of the year? Give me a break.
Just 2 months ago we were all warned of a looming crisis that rivaled depression era proportions. Today we are witnessing a resurgent wall street and federal regulators who are brimming with new found optimism. Something about this leaves me feeling dirty.
You're witnessing the "last bubble". We've had an artificially inflated economy for decades, and we've never let it reset. Whenever a natural recession (i.e. market correction) happens, it's a crisis, and the government swoops in to "save" us.
We "solved" the tech-bubble by creating the housing bubble and the credit bubbles. Now that both of those bubbles are (or about to) pop, the only thing the government can do to keep things inflated is to print and borrow, which creates the final bubble … the "dollar bubble".
May I add one more bubble, Commercial Real estate. Most vacancy rates are quite high and owners are at real risk for foreclosure. Something like 7T in notes are held. Scary. The monetarists have been claiming the dollar bubble will break for years. I guess the "Great Experiment" will be tested very soon.
Some are saying that the market is being manipulated to increase now, planned to drastically drop in July, and drop again this Fall. Probably explains why the extreme wealthy are buying gold.
http://www.youtube.com/watch?v=VJxVIbQo3Hc&NR...
Its kinda funny how so many seek to marginalize the views of people like Ron Paul or even Glenn Beck. When they predict the stock market will fall, or speak of the devaluation of the dollar, they are mocked and dismissed as right-wing kooksby the same people who got us in this mess. Its hard to identify with certainty when these predictions will come to pass, but history would suggest the "glass half empty crowd" is right on point..
If you can't afford gold, silver, or other precious metals … buy cigarettes and ammo. It sounds "Mad Max" crazy, but those will be worth their weight in gold when hyper-inflation hits.
i think that resurgence is very temporary………Commercial Real Estate is just about to hit………then all of the delinquet credit cards………it's not pretty…..
Yuck! It will be a virtual blood bath!
I know what you mean. It's kinda like we're that easy chick in high school with low self esteem who gets used by the quarterback one night and then tossed away after he's gotten what he wanted. The bad thing is, it keeps happening over and over!
Oh when will our prince charming come and save us?
Great analogy, a little humor every once in a while is welcome in all the doom and gloom out there.
Recession ends or is it a rebranding? Changing the name doesn't change the problem.
They are counting on the spending habits of Americans to get us out of this? Where exactly do they think we are going to get the money to do this? We aren't allowed to print money in our basements, and we certainly can't extend our credit as freely as Washington.
yeah the recession will end up in a depression!
I don't believe anything we see in the markets right now as they are inflated with fake money fresh off the printing presses. My advice as a hedge against the next inflationary bubble we will see in the next year is to invest in food stores. This is a good idea for anyone to have 6 months of food stored in case of an emergency like a layoff or collapse of the economy. Store 6 months ahead and use it then replace the stores to rotate it. Insure a source of drinking water and heat if the grid goes down (filter like katahdin and a wood stove in the north). The time to prepare is now. It's not conspiratory…just protection
I dont think its really even started yet. I will be opening up a small business here in Virginia very soon, the only thing I am waiting on is the retail square footage to come down in price.
Yes, absolutely right! I am so glad other people are getting this!
You're right, but it's not a separate bubble, it's just another part of the iceberg that is the Housing and Credit bubble. The last six months were only the tip of the iceberg, and all the “stimulus” and new entitlement programs are only dumping fuel on the forest fire.
That's the problem with the government "saving" us from these required market corrections, it simply puts off and exponentially multiplies the problem 100 fold.
I am with you! I have ordered my non-hybrid seeds and am beginning to stock food, etc. I feel a little crazy doing this, but then my gut reminds me I am right! This is just a temporary, mild recovery…suckers will start (or have already) buying stock again, and as soon as it hits a predetermined point, they will crash it again! If people would just read about the FED, the IMF, the Bank of England, etc., they would realize that there are no "natural economic occurences" anymore!
Well said. \”No natural economic occurences\” With China holding us up…it wouldn't take much to topple. The perfect storm analogy is pretty scary, but being prepared is the best we can do
It is not crazy to protect your family in case of an emergency. You have the right to do whatever you can to keep your family safe and an investment in food is no different than investing in keeping your cars gassed up. The nice thing about storing food is that it can be a major deal or a minor deal…whichever you feel you can handle. The best way to do it is to buy what you would normally eat and get double of certain things that will keep like canned goods, rice, soup mixes, baking supplies and if you know how…canning supplies. watch for sales and stock up. If it is food you normally eat…it won't go to waste.Start with a month and add on. In these troubling times, it would take a very little crisis to disrupt the food chain.
From: notifications@intensedebatemail.com
To: jonigross44@hotmail.com
Subject: GrassrootsTXgal replied to your comment on 5/5/09: TWO FED OFFICIALS SAY THE RECESSION IT LIKELY TO END THIS YEAR
Youtube has some great videos on long term food storage. The mormans have been doing it for years as a suggestion from their church leaders.So I did watch and read some of their suggestions. You can print off their long term storage list online. I am up to one year, started with pastas and canned fruit and built up from there, one thing I had to get into the habit of was looking for expiration dates of 2011 forward and with little effort (back of the row) they are there. Another thing that concerns me is natural herbs and home healing, many herbalists are blogging that they are falling under federal scrutiny so I bought an alternative cures book and am stocking up on natural home remedies as well.
Yes…I am a big cook and gardener. I will learn to can this summer (my mom will show me)…but the first thing I need to do is use what is actually in my HUGE pantry already! Ha ha! Planting a big veggie garden this year, and we want to move out to the country so we can have a self-sustaining garden. Until then, I will plant veggies and fruit instead of flowers this year! Ordered a guide on how to prepare in all areas for crisis, but need to start reading! I am so involved in grassroots efforts, I barely have time to do the basics…a catch 22!
Wait until all the REITS hit the fan. Are shopping centre's stock was 15 a share it is now down to 3.
Of course they have a preferred stock but I'm sure their dividendes will be drying up soon.
Good luck with you business. We have been at it for almost 15 years. Lucky for us our lease is up for negotiation in a few months.
I really don't know, but it totally creeps me out, and I doubt it is a good development. We'll just have to wait and see.
We're trying to figure that out. Why does FEMA need them, if they are FEMA trains, it would imply they are for an emergency, what type of emergency would require so many cars attached to the train's engines and they are getting longer and longer. Are they pre-planning, trying to be proactive, They are stationed across the nation just sitting on tracks. The longest one that I can find and that is on a youtube story, is in New York and it is extrmemly long. Looks like cattle cars attached to the engine. Another reason could be the new tracks that are proposed for a new railway, maybe they are just getting these cars out of the way for that, but why exactly FEMA has control of them is anyone's guess.
Creeps me out too but I am trying to keep an open mind. Too easy to watch Shindler's List and cry yourself to sleep these days.
Well, in keeping with the analogy, prince charming usually comes along when the easy chick stops being easy! Maybe we need to demand a little more of the people we are putting in the position of possibly abusing us.Maybe not relying on the mainstream media to spoon feed us information about these candidates is a great place to start in becoming less easy. The anology works on so many levels it's sad!