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THE U.S. AND WORLD ECONOMY

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THE U.S. AND WORLD ECONOMY

Post  Panda on Tue 10 Aug - 12:02



Who was the bright spark who said we should spend our way out of the Recession, yes our very own Gordon
Brown. The U.S. thought the same and now the dollar has been losing value and their debt increased dramatically U.S. Analysts are saying it was the wrong approach and Cameron is right to try to reduce the deficit.

Certainly any Country"s debt cannot recover from a spend spend spend solution and I think the Banks really
need to be taken to task for the mess they have created in the World. They must be forced to retain a percentage of liquidity as they did in times gone by when common sense prevailed.

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Post  AnnaEsse on Tue 10 Aug - 13:26

Gerald Celente, of the Trends Research Institute, is an economist who has predicted all major trends in the past 30 years. He is predicting total collapse of the US economy.






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Post  AnnaEsse on Tue 10 Aug - 13:29

I think that food prices are set to rocket in the near future. Russia, one of the world's main exporters of wheat will not export any this year, the rice crop in Thailand is a disaster and now we have all that agricultural land in Pakistan under water.

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Post  Panda on Tue 10 Aug - 15:47

AnnaEsse wrote:I think that food prices are set to rocket in the near future. Russia, one of the world's main exporters of wheat will not export any this year, the rice crop in Thailand is a disaster and now we have all that agricultural land in Pakistan under water.

AnnaEsse,

Thanks for the video, it"s inevitable that times will get tougher and an alternative Economic system will have to
evolve. I"m retired now but lived in Jersey for several Years and among numerous jobs of all kinds in my very checquered career was as a Company and Trust Administrator in Jersey. I was always too honest for the job,
thinking pay your bl***y Taxes like everyone else.!!!! Anyway, I did take some Exams and one was on Economy,nothing too complicated, Part one. One of the Lessons was the 12 Year Trade Cycle Boom, Recession,
Depression Slump....there was one inbetween but I can"t remember it now LOL. Anyway, the Tutor told us there
would be a massive Slump one day because the Economy was built on consumerism......looks like Armageddon is not too far away.

Have you seen the Film Zeitgiest and Zeitgiest Addendum . I watched them ages ago on a link provided by
a poster on Anorak. The first one is about 2 hrs. long dealing with Religion, Economy and I can"t remember
the third segment. The addendum deals with how America introduced the Dollar into the Economy, fascinating.
I lost the Film and it is no longer available on Google, the Addendum I have is a bit dark. Hard to believe I
know, but browsing chaosraptor the other day re the Westoby business , on the left hand side of the page was
Zeitgiest, clicked on and ordered both Films for $17 inc postage. If you havn"t seen them they really are a must.
I can give you the link if you want.

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Post  AnnaEsse on Tue 10 Aug - 16:20

Thanks Panda. I like Jersey, but haven't been for a few years. My aunt had a job at St Saviour's (?) Hospital and an apartment with the job. So, we had cheap holidays while she was there. The last trip was with my daughter and we hired bicycles and cycled all over the island.

I think things are going to get a lot worse if the UK is anything like the US, which I think it probably is. Fuel prices are going up, food prices are going up and so is unemployment. In the US, Obama's popularity has hit the floor and it looks like only a terrorist attack or a war will save him. He spent more in his first few months in office than all previous presidents combined and he's talking about more stimulus! The man's a nutter! As long as he and the missus can have their Hollywood evenings at the Big House, he can shoot hoops and play golf and have 8 holidays a year, he's not bothered! All he needs for the job is the TOTUS (Teleprompter of The United States)

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Post  Panda on Tue 10 Aug - 17:53

AnnaEsse wrote:Thanks Panda. I like Jersey, but haven't been for a few years. My aunt had a job at St Saviour's (?) Hospital and an apartment with the job. So, we had cheap holidays while she was there. The last trip was with my daughter and we hired bicycles and cycled all over the island.

I think things are going to get a lot worse if the UK is anything like the US, which I think it probably is. Fuel prices are going up, food prices are going up and so is unemployment. In the US, Obama's popularity has hit the floor and it looks like only a terrorist attack or a war will save him. He spent more in his first few months in office than all previous presidents combined and he's talking about more stimulus! The man's a nutter! As long as he and the missus can have their Hollywood evenings at the Big House, he can shoot hoops and play golf and have 8 holidays a year, he's not bothered! All he needs for the job is the TOTUS (Teleprompter of The United States)

There was A piece on Ruanda on T.V, Last night and how he has turned the Country around . He has done wonders, everyone is being educated, the economy is doing O.K. and he really is genuinely a Man for the
People. I must admit that when Obama was elected I thought it would herald a new dawn, but he is a
lightweight and because he had such a slim majority in the House, he had very little ability to change the
system. I have American Friends from New Jersey, in fact I met up with them last Saturday, they stayed
overnight where I live as part of their whistlestop tour of Britain, taking in a cruise around Ireland and
Scotland. While they are very generous, they do not believe in the Welfare State paying for everything and
see it as the decline of Britain , In a way I agree, but hope we never get to the stage where we have to sell
our blood to earn a dew dollars.

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Post  AnnaEsse on Tue 10 Aug - 18:24

Panda, it seems that there is a general misconception about Obama's Health Care Plan, in that people are comparing it to our NHS. In reality, it is nothing like it. People are to be obliged to buy private health insurance and employers obliged to fund private health insurance for workers if they have over a certain number of employees. Failure to purchase health insurance could make the person liable to a fine of $5,000. For those on low wages, the unemployed and illegal aliens, there is Medicare and Medicaid, both of which are having their budgets slashed. There will be 'End of Life,' panels to decide if elderly people should receive expensive treatment, cheaper treatment or no treatment at all. Obama's plan feeds the health insurance companies and the pharmaceutical industry.

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Post  Panda on Tue 10 Aug - 21:23

AnnaEsse

The biggest problem is People are living longer and there is no way the NHS can sustain the level of care.
I also worked P/T for the NHS going to various clinics at the Reception Desk. I"ve always said, it"s not more money the NHS needs, it"s better management of it.

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Post  kitti on Tue 10 Aug - 22:12

The problem with the NHS is....too many people taking out and NOT enough putting in....


As far as Obama is concerned, i too was taken in concerning his 'health plan' especially when he kept talking about the UK NHS system but now realise his referring to certain things doesnt mean things will turn out that way.


His repeatedly referring to BRITISH Petroleum did get rather up my nose too..he forgets that over two thirds off petrol from BRITISH Petroleum is ued in the USA and now he keeps going on about how HE has cured the oil slick even tho all he done was WHINE about it...we all know their was a huge distaster but does he have to keep saying BRITISH Petroleum when most people say BP..

Im glad David Cameron is now prime minister, i cant see him licking Obama's feet like blair did with bush.....

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Post  Panda on Tue 10 Aug - 22:29

kitti wrote:The problem with the NHS is....too many people taking out and NOT enough putting in....


As far as Obama is concerned, i too was taken in concerning his 'health plan' especially when he kept talking about the UK NHS system but now realise his referring to certain things doesnt mean things will turn out that way.


His repeatedly referring to BRITISH Petroleum did get rather up my nose too..he forgets that over two thirds off petrol from BRITISH Petroleum is ued in the USA and now he keeps going on about how HE has cured the oil slick even tho all he done was WHINE about it...we all know their was a huge distaster but does he have to keep saying BRITISH Petroleum when most people say BP..

Im glad David Cameron is now prime minister, i cant see him licking Obama's feet like blair did with bush.....

For me, David Cameron is a wait and see Prime Minister, he"s been a bit gaff prone. BP does not have a very
good track record for safety , but in this instance it was all American crew on that Rig so the Americans must
take some of the blame.

As regards the NHS here"s just one example of the goings on. One day I was working down the Docks area
in a Clinic when an old man came in and practically threw about half a dozen Benefit books on the counter
and started talking in a Language I couldn"t understand, Middle east I thinl. Anyway, I phoned upstairs for
help and a Woman came down and spoke to him in his own Language. It turned out there were 7 Link Workers
upstairs whose sole job was to take Foreigners who couldn"t speak English, to Banks, Solicitors, the DHSS,
Dentists, Doctors etc . I could go on, that"s just one example .

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Post  kitti on Wed 11 Aug - 14:41

I get annoyed also with people coming over here and using out 'free' system.


Kings college is a teaching college and i went their for an appointment and when i went their it was full and i mean FULL off people from everywhere who have come here either for a holiday and want to take advantage off the 'free' dental care or who come over here ESPECIALLY, for one day, to do the same.


Now, i couldnt get this 'free' dental care as the letter that was supposedly to off been sent back to my dentist came to me and it said basically...I WAS TOO OLD....in other words....dont bother with her teeth, they will fall out soon anyway..so i had to go and pay £300 to have this 'free' care that foreigners get for nothing and yet i have paid my national insurance stamps for over 35 years!!!


Dispicable.


Its all wrong.

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Post  Panda on Wed 11 Aug - 16:51


Kitti,

My Dentist told me he does occasional work at a Hospital and this one day he had to do a tooth extraction on a
guy who couldn"t speak English. My Dentist gets £9 for this, but because the guy had to be anaesthetised his
permission was needed. A Translator was called in and when the Bill came, my Dentist got £9 and the Translator £247.

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Post  Panda on Mon 16 Aug - 7:02


It"s official, China has become the World"s second largest Economy, London House prices have fallen by 4%,
there is so much concern about the £` coin being reproduced, 1 in 38 is a fake, that something has to be done.
However, so many coins are being used in slot machines the cost to the economy would be too prohibitive.
Share prices are falling as nervous investors are turning to Gold and Platignum so it could be a double dip
recession is on the cards.

Sorry to be such a gloom and doom messenger

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Post  AnnaEsse on Mon 16 Aug - 7:45

Panda wrote:
It"s official, China has become the World"s second largest Economy, London House prices have fallen by 4%,
there is so much concern about the £` coin being reproduced, 1 in 38 is a fake, that something has to be done.
However, so many coins are being used in slot machines the cost to the economy would be too prohibitive.
Share prices are falling as nervous investors are turning to Gold and Platignum so it could be a double dip
recession is on the cards.

Sorry to be such a gloom and doom messenger

I agree Panda. Doom and gloom it may be, but I think it's coming. Then there's food and clothing: I think both are going to go up in price quite a lot. The Russian wheat harvest has suffered and they're not exporting this year. OK, we get most of ours from Canada, but with the world's biggest exporter, Russia, not exporting, there will be others looking to countries like Canada. The Thai rice harvest has basically failed because of drought and cotton fields in Pakistan are under water.

Gerald Celente is predicting food riots in the US.

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Post  Panda on Mon 16 Aug - 16:53


Well if they start rationing food, not beyond the realms of possibility, how many Mothers will be able to make
a meal out of nothing like our Mothers did?

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Post  AnnaEsse on Mon 16 Aug - 18:36

Panda wrote:
Well if they start rationing food, not beyond the realms of possibility, how many Mothers will be able to make
a meal out of nothing like our Mothers did?

I agree Panda. I never cease to be amazed at the trolleys full of food in the checkout queue. I was behind a woman the other day, who had a couple of kids with her. They looked like about 12 and 14 years old. The woman had a very full trolley and being a nosey person, I was watching as she unloaded it. Everything was pre-packed: she had ready chopped cabbage in a plastic box, pre-packed cuts of meat, ready for cooking, loads and loads of ready meals and even packs of cooked, mashed potato.

What women like her would do if there were shortages I don't know!

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Post  Panda on Mon 16 Aug - 21:43


Perhaps it"s a wake-up call to the way we live. What really gets me though is the discrimination against Aid
for Pakistan. I know the President is an ars**** but to see the plight of millions is truly heartbreaking, these are
mostly peasants , not Politicians or Terrorists.

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Post  AnnaEsse on Tue 17 Aug - 13:03

Max Keiser: the American Empire is done!


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Post  AnnaEsse on Tue 17 Aug - 13:59

Max Keiser: the American Empire is Done - Part 2


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Post  AnnaEsse on Tue 17 Aug - 14:45

Max Keiser: the American Empire is Done - Part 3


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Post  Panda on Tue 17 Aug - 16:36


Wow AnnaEsse, Fascinating stuff, rep point ......can you send me the links to these Videos, I know a few people who would find them very interesting , including my American Friends.

I"m a bit confused about the theory that Israel will invade Eran, I can"t see any direct threat there and always
thought it was the Americans .

If all this comes about , it will be a mix of Soylent Green and Brave New World!!!! When Lerners Lee created the Internet he said it would be free for everyone, looks like that dream has ended Google is all powerful now.
It really is scary because America will not be a Superpower, Neither will Britain have any clout in the New World order. even Europe will not have any say in matters and your"e talking about 27 Countries .

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Post  AnnaEsse on Tue 17 Aug - 16:44

Here you go, Panda. Max Keiser is a very well respected economist.

Part 1

http://www.youtube.com/watch?v=8d8wx3ERy54

Part 2

http://www.youtube.com/watch?v=AdX0ANK1Qbk

Part 3

http://www.youtube.com/watch?v=YbL4j0OXU_I

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Post  Panda on Tue 17 Aug - 17:22



Thanks AnnaEsse

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Post  AnnaEsse on Tue 17 Aug - 17:33

Now, we have this forecast!

"Dreaded Hindenburg Omen Will Play Out Within 4 Weeks."

Paul Joseph Watson
Prison Planet.com
Tuesday, August 17, 2010

UBS Financial Services Director Art Cashin says that we’ll know within 3 or 4 weeks whether the dreaded Hindenburg Omen, a set of market factors that precede a stock market collapse, will unfold as many are now predicting.

The Hindenburg Omen, named after the May 1937 Hindenburg disaster during which the German zeppelin LZ 129 Hindenburg suddenly caught fire and was destroyed, is a technical analysis that, when fulfilled, portends a greater likelihood of a stock market collapse.

Although conditions for the Hindenburg Omen have been met previously without a subsequent stock market crash, there has never been an actual crash without it being preceded by a Hindenburg Omen.

Zero Hedge summarizes the five criteria for the Hindenburg Omen to be in effect that have now been met.

1. That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.
2. That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.
3. That the NYSE 10 Week moving average is rising.
4. That the McClellan Oscillator is negative on that same day.
5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory.

Financial forecaster Gerald Celente, who has a proven track record in being accurate, told a radio show on Saturday that the stock market would crash before the end of 2010, appearing to confirm the worst consequences of the Hindenburg Omen.

David Buik at BGC Partners is another market analyst raising the alarm over the Hindenburg Omen, which he describes as “easily the most feared technical pattern in all of chartism”. Ominously choosing Friday the 13th as the date on which he drew attention to the matter, Bulk warned that the technical outlook suggests a stock market collapse is imminent.

When asked by CNBC what his advice would be for traders, UBS’ Art Cashin said that investors should be “very cautious” because “there’s been a lot of buzz in the street about the Hindenburg Omen – that’s when you have a very large amount of 52-week highs and 52-week lows, which tells you that the market is confused,” adding that “It bears watching, it’s a bit of a warning—it isn’t confirmed, but we will know in the next 3 or 4 weeks.”

http://www.prisonplanet.com/dreaded-hindenburg-omen-will-play-out-within-4-weeks.html

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Gerald Celente says the greatest depression is coming.

Post  AnnaEsse on Sat 21 Aug - 11:35

http://rawstory.com/rs/2010/0820/economic-forecaster-greatest-depression-coming/



Collapse of middle class means there's no fuel for recovery, Gerald Celente argues

The US economic recovery in recent quarters is little more than a "cover-up" and the world is headed for a "Greatest Depression," complete with social unrest and class warfare, says a renowned economic forecaster.

Gerald Celente, head of the Trends Research Institute, told Yahoo!News' Tech Ticker that there's no risk of a "double-dip recession" because the first "dip" never ended.

"We're saying there's no double dip, it never ended," Celente said. "We're looking at the Greatest Depression. There's no way out of this without [rebuilding] productive capacity. You can't print [money to get] out of it."

Celente, who has been credited with predicting the 1987 stock market crash, the collapse of the Soviet Union and the subprime mortgage crisis of recent years, said the US and other developed countries can expect to see the sort of social unrest the world witnessed in Greece this year once government attempts to shore up the economy fail and lawmakers turn to "austerity measures" to plug gaping budget holes.

"You're going to see it all over the world," Celente said. "What they call austerity programs ... What are they doing? They're bailing out the banks and they're making the people pay for it. And the people don't like that."

Celente pointed to a near-riot that took place last week in Atlanta when 30,000 people showed up to be put on a housing waiting list, saying that the event is a harbinger of what's to come.

He also argued that the way unemployment is measured today masks a much larger joblessness crisis because "once you're off the unemployment rolls, you're no longer unemployed."

Celente said the current unemployment rate, if it were measured as it was measured during the Great Depression, would be around 17.5 percent. And he expects that number to rise to around 22 percent in the coming years.

"One of the good businesses to get in to may be guillotines," Celente quipped. "Because there's a real off-with-their-heads fever going on. People are really fed up."

Celente argued that the conditions needed for an economic recovery simply don't exist. "Let's go back to the 1990s. We're in a recession. What got us out of it? The Internet. It wasn't a government policy, and Al Gore didn't invent it."

But today, Celente argued, there are no new booming industries pushing towards economic expansion. And the US middle class may not have the right skills to take up the challenge.

"We went from a country that used to be merchants, craftspeople, manufacturers, to clerks and cashiers," Celente said. "We have to bring manufacturing back to America."

Celente agreed with his Tech Ticker interviewers that the green economy, which seeks to replace fossil fuels with alternative and renewable energy sources, is a good place to start on an economic recovery, but he said the Obama administration's handling of the issue was misguided.

Celente pointed out the US has committed $54 billion for nuclear power expansion, and has also committed to "clean coal" -- neither of which he sees as being large drivers of the green economy.

The government is "not putting money where it should go," he said.

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