Is there really an economic "crisis"?
Submitted by ecorob on Sun, 12/28/2008 - 13:04
Or, is this whole thing man-made or, should I say, NWO/CFR World Bank/IMF "made"?
Check this out...Amazon.com has "best Christmas ever"!
http://apnews.excite.com/article/20081226/D95AL0A80.html
Did you try to get into a mall this Christmas season? A Wal-Mart? A BestBuy? Everywhere you went people were spending money on presents, meals, personal items...WOW! Personally, I have NEVER seen it this crowded in the stores at Christmastime.
Is there a major economic crisis? I know there is a crisis. Some have lost their jobs. Have you? Are you in danger of losing your job?
Are you worried? Let's take a poll. Sound off, please.
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one thing is clear, folks...
this "crisis" doesn't end well for any of us...it starts with the housing bubble bursting, no contract jobs, stores closing, car manufacturing jobs lost, the collapse of everything connected with the auto industry...why? no credit! trucks can't move over the road..why? no credit...small manufacturing plants close...why? no credit...it builds, it gets worse, why? no credit!
paulson got his 850 billion dollars to get credit flowing...why isn't it?
because its the same as 1929 all over again! manufactured crisis! for a cause!
the cause then was to allow the warburgs, the rockefellers, the morgans, et al, to buy up every little bit of the banking industry in america at pennies on the dollar...
the cause today... to usher in the amero, nafta, the north american union...don't believe me? ok...time will tell
things are gonna be fine, folks...its just that the other end will look a heckuva lot different coming out that it did going in...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
I can tell you this
I deliver food service products ( same co. 27 years )
we supply restaurants,vending opperators,Movie theatres,dollar tree stores,pizza places etc.
I can not remember a time in my career that things were so slow. I live in Los Angeles co and I've worked between 55 and 70 hrs a week since I first started my job...untill a few months ago that is.
My longest week is now 44 or so hrs.
My wife works at a large dental center nearby.
Her hrs. have been cut to 32 hrs a week...with 25 yrs. seniority.
The ONLY businesses I see that are making bank these days are the movie theatres , and the dollar stores.
I was at a local mall the weekend before Christmas and it was somewhat crowded (but nothing like past years )I was at two different Large malls on Christmas eve and they were extremely empty...I was in awa of how few people there were!
I also watched some news coverage of other local malls and saw them barren of shoppers as well.
Maybe it was just the time of day or something,
but I was truely shocked.
It's Christmas
People will spend money whether they have it or not, they will use their "credit cards! It doesn't matter if they are working. The government will "bail" them out! haha!
Just wait another month when the credit card bill starts coming due. People aren't going to be able to pay their bills and the economic crisis will be full steam ahead.
Also, expect major layoffs after the first of the year.
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excuse me...
you don't think people are out just wasting gas, do you?
just answer this please...what does "ghost towns compared to christmas past" mean to you? would you mind breaking that down to me? is it a ghost town with business off 100%? or is it less than normal? which is it? and what is normal?
you are eating at pf changs and you have your nails done by a vietnamese lady, you have friends in high places who volunteer for non-profit organizations...i think you are relatively unaffected by this current "crisis" (that's ok, i am also unaffected, at this point)
my question on this thread remains...is this crisis (and it is a real crisis to many just not you or I) real or man made? is it being drug out or are politicians doing everything they can to fix it right away? what happened to paulson's 850 billion dollar bailout money? why hasn't that begun to fix the problem?
you say we will know "soon enough" whether or not this crisis is real...my question to you is what are we waiting for? soon enough? what do you mean? when you have to give up your manicurist does it then become real to you?
just one more thought...are you having a bad day, do you need a hug? can you simulate me giving you a hug? i want you to feel better if you are having a bad day...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
are you serious?
Looked in the paper today for work.... ONE PAGE of jobs! Regularly there is about 20. I live in a very contractor friendly area... meaning... usually lots of work... It's been nothing but tumbleweeds. Quite scarry. Not only that but we have had a Boscovs, Linens n Things, Kaybee, Pathmark and many other stores CLOSE! Where are all of those people going to get jobs when the paper only has so few jobs advertised? Not only that... who is going to fill all that empty commercial real estate? We are talking the Jersey Coast here... Monmouth County! This isn't some little town out in the sticks. Sure... WalMart was packed... but many other stores were not.... This economy is falling and there is nothing to stop it. Thinking positively won't make it better. It is a simple matter of money. Not many have any. I've scaled down drastically and still am finding it difficult to survive. Only thing I can do is get out there and hustle some work or find a job somewhere...
Does my burka make my butt look fatwa?
Does my burka make my butt look fatwa?
if you are a contractor...
the housing bubble bursting hit you the hardest...
wasn't there an 850 billion dollar bailout to get money to the banks so they could start lending again so people could start building again, so contractors could go back to work again so stores could open up...
what happened to the money?
why are banks still not lending?
that was 350 billion dollars that paulson said would begin to "fix" the problem...hmmm, where is it?
my point exactly!
yes, GalacticWacko, there is a crisis but the 64,000 dollar question is is it real or man made? and, more importantly, are they fixing it as fast as they can or are they running it out to further their plans...either way, i know you are hurting but wouldn't you prefer, if it is being strung along, that they would get up off their dead butts and fix it already?
they won't do this, btw, because their plans for NAFTA and the AMERO are not complete yet...
but, its coming, you will soon be back to work and you will thank obama for the amero and the jobs...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Curious
I think it is highly suspicious that Lehman Brothers was one of the first to go down. I do not think the elites are getting hurt. Of course the CEOs get paid millions or billions, so they are set up. Plus bailouts apparently paid them first and maybe only. So they got taken care of again. Perhaps they don't care about their own companies, just the few at the top. Maybe they planned to let the big ones go down to start the topple? Maybe someone here understands all this better than I do. Kissinger SAID, and I don't think he can be believed, but said that they were surprised by the world economic collapse on Charlie Rose. That may be true. I certainly was. I had no idea other countries were going down as hard as we were. I still don't understand the whole huge world wide collapse, but then I am not that interested in it, so I don't read every economic thing I can. I don't like to read about things that are contrived, manipulated, etc.
Railroad cutting jobs
My son is an engineer with the railroad and they are cutting jobs big time. they were told
it may be years before they are called back that it would depend on how quickly Obama starts re-building roads, bridges, etc.
My sister manages a Stein Mart, clothing store and they have laid off and did not hire Christmas help. But I do agree I saw alot of shoppers at the mall and stores?
This Is Not Local. It Is WorldWide.
Hundreds of retailers on 'critical list' as high street sales war intensifies.
http://www.telegraph.co.uk/topics/christmas/3868558/Hundreds...
The nearly 58,000 commercial bankruptcies filed nationwide through November of this year exceed the year-end totals of every year since Congress overhauled the bankruptcy laws in 2005, according to Automated Access to Court Electronic Records, an Oklahoma City bankruptcy data company.
http://www.commercialappeal.com/news/2008/dec/14/businesses-...
Highland Mall co-owner faces loan deadline
With payment on $900 million debt due, General Growth Properties might file for bankrupcy if it can't refinance.
General Growth owns more than 200 shopping centers nationwide , including the Galleria in Dallas, Faneuil Hall in Boston and Water Tower Place in Chicago.
http://www.statesman.com/business/content/business/stories/r...
Anecdotes vs. statistics
Anecdotal evidence can be gloomier or rosier than reality. To get a true picture we need to gather quantitative evidence from a valid cross section. Based on statistics my region is a far cry from Detroit's shambles or Iceland's woes or Zimbabwe's catastrophic inflation rate.
Also, suppose the elites intentionally caused this collapsing economy to further their long-range goals, it is no less real in its effects on those who are sustaining heavy losses.
New Hampshire and Ecuador
i think that becomes the human "element" of this whole fiasco...
McClarinJ, "they" can systematically destroy sections of industry and make everyone believe that the whole house of cards is coming down...
the truth is, for those lives that are affected, it is devastating...while many go around saying how wonderful it is that gas prices are so low they can now afford to buy that new driver!
its just a truly weird situation, isn't it?
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Well, once again we stumble
Well, once again we stumble upon the issue of whether or not this is a real crisis. Absolutely, in fact, I tend to believe, from what I am seeing and from the people that I am talking to that this is a crisis at the top more so than at the bottom at least for the moment. Remember, it took nearly 2 years after the Crash of 29 for the effects of the Great Depression to actually reach "main street", in fact the Crash of 29 didn't even make the front page of newspapers across the country. While the public has been stirred a bit by the fear broadcast from everywhere, the real fear is hitting those within the ranks of the "elite" and their "underlings".
This is a very interesting BUST cycle that while following the predictions of Austrian Economics also points to an even greater issue exposed by the BUST. That issue is the lack of immunity the very wealthy have in even the most planned and managed economy.
http://www.1776solution.blogspot.com
"If I want to be free from any other man's dictation, I must understand that I can have no other man under my control." ~William G. Sumner
http://militantjeffersonian.com
"Men do not willingly read unpalatable truths of themselves. The People like those best who fool them most, by pandering to their vices and flattering their foibles" Raphael Semmes
Republicae, even in your post there is some wavering...
about what you think is really happening...you say you absolutely "tend" to believe...hmmm? from what you are seeing, you say, from who you are talking to...that this a crisis for some...at the top?
i take it you are pretty much, more or less, unaffected by this "crisis"...(at this point I am unaffected also)
i don't know if i am in total agreement with you about those at the top being hurt...those at the very top, i believe, are just fine...i think what is left of the middle class is being systematically destroyed by the powers that be
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Let me put it to you this
Let me put it to you this way, yes I do believe it is real and perhaps I should have said it is affecting many at the top that we might otherwise think immune. There is a growing panic in certain well-placed circles that I am aware of and with whom I have one degree of contract with or another.
As far as being unaffected that goes with a great deal of preparation that I began decades ago. As I have stated, I have, thanks to the amazing prediction capabilities of Austrian Economics and a great deal of experience frankly made out like a bandit by reading the timing of this and previous business cycles. For instance well over two years ago on the forum Capitol Hill Blue I stated the following:
During the middle of 2007 I shorted Fannie and Freddie for instance, and raked it in, immediately transforming my windfall into hard assets.
http://www.1776solution.blogspot.com
"If I want to be free from any other man's dictation, I must understand that I can have no other man under my control." ~William G. Sumner
http://militantjeffersonian.com
"Men do not willingly read unpalatable truths of themselves. The People like those best who fool them most, by pandering to their vices and flattering their foibles" Raphael Semmes
that is very good for you...
i wish i could have been that smart...
it seems as though you might have cut your post short... so, i'll get back to the beginning of it...it is interesting to hear you speak of those in higher places that seem to be worried about losing a lot of well, i don't know, capital, paper assets, physical possessions, maybe a little bit of all of that...
it would seem to me that they might be just as prepared as you to weather the storm...(does this mean that they may become like thurston howell the third and just become millionaires again :)
..anyway, if I am guessing correctly, titans of industry lose everything tangible in their businesses and escape with only what they have been able to "nest" away...would that be the headline? that sounds, coincidently, a lot like what kind of shape the reast of us could be in...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
even people who are starving get pressured into buying gifts.
Christmas is the biggest guilt trip that ever was.
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !
yes, but wouldn't they be more personal gifts...
not necessarily store bought gifts but possibly something home made...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Not when your neighbors kid got the playstation 5000 etc.
So many parents will sell their gold fillings to keep up with the jones's , It's pathetic.
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !
isn't that the mentality that got us into this mess...
is it a bad thing when these chickens come home to roost?
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
Blame the corporate media.
~Mikael / Peace, love, Light and unity ~
~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !
Walmart had a good year also, but...
Amazon and Walmart may be the only stores left before this over.
There is no more money left to spent frivilously. In 2009, commercial real estate is going to go bankrupt along with scores of companies.
Even if someone had no bills to pay, the currency itself has been corrupted and now is being superinflated. It is not going to last. For the hard working savers in this country and in others, their money will become worthless in a relative flash, just like it did in Iceland.
There may have been people out shopping, but the amount
they spent on Christmas plummeted from what I read.
Also, WalMart might have been full but Macy's, Nordstrom's, and even some of the mid-level retail lost customers to the discount retailers.
*****
Let the human mind loose. It must be loose. It will be loose. Superstition and dogmatism cannot confine it. John Adams
Ron Paul "Sign Wave Across the USA" -- November 5th!
yes there is.. wether it is
yes there is.. wether it is man made or not ... we the people who do not run the world, so yes it is a crisis for the middle class and the lower class!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
Orchestrated
manipulated, fraudulent, could be turned around on a dime. But it is real for the people.
i think so, too...
manipulated, man-made and, as sierra also said, it doesn't matter who made it up...the middle and lower classes of people are going to suffer...
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
I think whatever 'crisis' we currently have...
Has been started and maintained by the banks. There is no doubt in my mind that we are being led to slaughter and the economy will be used as the killing tool.
This begins and ends with the housing bubble. We know now that the federal government was complicit with the banks in lending money to people who had no capability to pay it back. When Elliot Spitzer called them on it, he was politically assassinated. Once that burst, the banks were bailed out and the loaning of money stopped, for all practical purposes. The banks are now holding us hostage using credit as a weapon. They decide when money starts flowing again. They decide when business will be allowed to expand or start-up.
Yes, crisis. Yes, managed.
I may not know the truth, but I know when I'm being lied to...
I may not know the truth, but I know when I'm being lied to...
Good question. I don't think
Good question. I don't think there's a real economic crisis...I think everything is orchestrated. As you can see the biggest loser in this "economic crisis" is not USA, are, Europe, Asia...all the big oil exporters.
I don't feel the recession, the recession is felt by the lazy, stupid, greedy or irresponsible...I mean come on, for example what made people to get 3 or 5 mortgages ?
A responsible person will not refinance his home to start making payments for a brand new BMW...anyway, I hope you get the idea. Who lost jobs after all ? Some real estate agents, some guys in the financial sector...well, don't be sad for them, they had a good and log run...they made enough money to retire 5 times...if they where responsible they will have a great life now.
“The more corrupt the state, the more laws.”
the recession is felt by the lazy, stupid, greedy
or irresponsible?? Are you suggesting that the recession is only effecting those who the media are blaming for starting it? What about those of us whose businesses have dropped in half or more? I'm feeling it big time and I don't have any real debt.
I get the sense sometimes that you are 12. No offense, but are you a kid?
Explore Orthodox Christianity
How about if you quit your
How about if you quit your job at McDonalds and get a real one ? $3000 a month should give you a decent life, don't you think ? Are you not able to earn $3000 a month ?
“The more corrupt the state, the more laws.”