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THE U.S. AND WORLD ECONOMY

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Re: THE U.S. AND WORLD ECONOMY

Post  pennylane on Tue 14 Sep - 19:59

AnnaEsse wrote:
pennylane wrote:
AnnaEsse wrote:
pennylane wrote:
AnnaEsse wrote:

I wouldn't touch any of those foods either, pennylane, but then I'm vegetarian!

Good one Anna!

I buy quite a lot of vegetarian food, like veg Samosa and veg sausages which are quite nice. But I brought a Waitrose vegetarian shepherds pie the other week....... it was so salty and gross, that I spent the rest of the evening drinking juice to try and quench my thirst. Yuk, never again!

You wouldn't believe the length of items on my "never again" grocery list.

I make shepherds pie with mince from the 'Meat Free,' range that most supermarkets sell. It's very cheap and it absorbs the flavours you add. I hate over-salty foods, never use salt in cooking and add only a little crumbled Malden sea salt if salt seems to be needed.

Anna, I'm like you in that I use sea salt very sparingly and don't like salty food. I have tried cooking with a 'Meat Free' product called 'Quorn', but I found the results very disappointing..... although my limited knowledge of what to do with it didn't help!

I'm not that fond of Quorn. The 'Meat Free,' range is soya protein and I think it's probably made by the same producer for all the big supermarkets because the packaging is the same apart from the supermarket's name.



A versatile ingredient to make any meal. Meat free meatballs made with rehydrated soya protein, onion and parsley.

That's what the packs are like and those meatballs are particularly tasty in a tomato sauce with pasta and in a recipe I found for Moroccan yogurt soup. (A Moro East recipe)

Thank you Anna, I need more options of what to eat - so I shall definitely give your suggestion a try. I will let you know how it turns out

Have just checked Waitrose online, and they don't do them... only Cauldron and Quorn, and not a meatball in sight, except the mystery meat ones! I am not near ASDA but I shall check TESCO this week.

Thanks again Anna - they do sound like a very good idea!

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Re: THE U.S. AND WORLD ECONOMY

Post  AnnaEsse on Tue 14 Sep - 20:38

Pennylane, that 'Meat Free,' range is the best I have come across. There doesn't seem to be a load of rubbish in the ingredients, it's good value and keeps for ages in the freezer. There's tasty sausages and mince and a couple of other things, which I haven't tried. I had a look for the soup recipe and found there are lots on the net: 'Yogurt soup with meatballs,' will do it if you fancy something a bit different. I think it's the Turkish one actually that's in the 'Moro East' cookbook I have. You'll also find their 'Roasted pumpkin soup with cinnamon,' which is really delicious!

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Re: THE U.S. AND WORLD ECONOMY

Post  pennylane on Tue 14 Sep - 21:01

AnnaEsse wrote:Pennylane, that 'Meat Free,' range is the best I have come across. There doesn't seem to be a load of rubbish in the ingredients, it's good value and keeps for ages in the freezer. There's tasty sausages and mince and a couple of other things, which I haven't tried. I had a look for the soup recipe and found there are lots on the net: 'Yogurt soup with meatballs,' will do it if you fancy something a bit different. I think it's the Turkish one actually that's in the 'Moro East' cookbook I have. You'll also find their 'Roasted pumpkin soup with cinnamon,' which is really delicious!

Yummy, yummy. I'm very interested in the Moro East recipes. I've always got Greek Yoghurt around the house, because we have it for breakfast, so your soup suggestion sounds perfect Anna. I've instructed my OH to see if he can find the meatballs at a Tesco near the airfield.

It's going to be mayhem around my house soon, as we are about to get a new roof and kitchen extension started in two weeks time, and it's going to be about twelve-sixteen weeks in duration (ugh!) ........ so it will be really good to have lots of quick and easy recipes for dinner. I think your suggestions and ideas will be a real life saver Anna.

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Wed 15 Sep - 8:00



Pennylane,

Why does the Tescos Store have to be by the Airfield? I"m sure with all your shopping sprees you pass
many Tesco Stores.......sorry, it just seems so funny, my sense of humour again.

I don"t envy you the mess, just keep telling yourself how great it will look when it"s finished. BTW, my friend
Penny is coming over for a long week-end at the end of the month which I"m looking forward to, we share the
same sense of humour and have had some great times. This time around though I don"t think she will be
splashing the cash, like everyone else she is feeling the pinch and her business is suffering .

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Re: THE U.S. AND WORLD ECONOMY

Post  AnnaEsse on Wed 15 Sep - 8:16

pennylane wrote:
AnnaEsse wrote:Pennylane, that 'Meat Free,' range is the best I have come across. There doesn't seem to be a load of rubbish in the ingredients, it's good value and keeps for ages in the freezer. There's tasty sausages and mince and a couple of other things, which I haven't tried. I had a look for the soup recipe and found there are lots on the net: 'Yogurt soup with meatballs,' will do it if you fancy something a bit different. I think it's the Turkish one actually that's in the 'Moro East' cookbook I have. You'll also find their 'Roasted pumpkin soup with cinnamon,' which is really delicious!

Yummy, yummy. I'm very interested in the Moro East recipes. I've always got Greek Yoghurt around the house, because we have it for breakfast, so your soup suggestion sounds perfect Anna. I've instructed my OH to see if he can find the meatballs at a Tesco near the airfield.

It's going to be mayhem around my house soon, as we are about to get a new roof and kitchen extension started in two weeks time, and it's going to be about twelve-sixteen weeks in duration (ugh!) ........ so it will be really good to have lots of quick and easy recipes for dinner. I think your suggestions and ideas will be a real life saver Anna.

You can make a quick and tasty meal with those meatballs and a jar of decent pasta sauce. Just chuck the frozen meatballs in and simmer VERY gently until the meatballs are defrosted: add some extra water so there is enough liquid.

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Re: THE U.S. AND WORLD ECONOMY

Post  pennylane on Wed 15 Sep - 17:32

Panda wrote:

Pennylane,

Why does the Tescos Store have to be by the Airfield? I"m sure with all your shopping sprees you pass
many Tesco Stores.......sorry, it just seems so funny, my sense of humour again.

I don"t envy you the mess, just keep telling yourself how great it will look when it"s finished. BTW, my friend
Penny is coming over for a long week-end at the end of the month which I"m looking forward to, we share the
same sense of humour and have had some great times. This time around though I don"t think she will be
splashing the cash, like everyone else she is feeling the pinch and her business is suffering .


My OH often picks up stuff at a Tesco close to the airfield Panda! You are a tinker, you have got me sussed... if I can avoid grocery shopping I will!

I buy my groceries at Waitrose on line, except for the organic Butcher and the open Market for fresh vegetables... that's it! I'm sure you are right, there are plenty of Tesco stores around, I just haven't noticed any on my beat!

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Re: THE U.S. AND WORLD ECONOMY

Post  pennylane on Wed 15 Sep - 17:38

AnnaEsse wrote:
pennylane wrote:
AnnaEsse wrote:Pennylane, that 'Meat Free,' range is the best I have come across. There doesn't seem to be a load of rubbish in the ingredients, it's good value and keeps for ages in the freezer. There's tasty sausages and mince and a couple of other things, which I haven't tried. I had a look for the soup recipe and found there are lots on the net: 'Yogurt soup with meatballs,' will do it if you fancy something a bit different. I think it's the Turkish one actually that's in the 'Moro East' cookbook I have. You'll also find their 'Roasted pumpkin soup with cinnamon,' which is really delicious!

Yummy, yummy. I'm very interested in the Moro East recipes. I've always got Greek Yoghurt around the house, because we have it for breakfast, so your soup suggestion sounds perfect Anna. I've instructed my OH to see if he can find the meatballs at a Tesco near the airfield.

It's going to be mayhem around my house soon, as we are about to get a new roof and kitchen extension started in two weeks time, and it's going to be about twelve-sixteen weeks in duration (ugh!) ........ so it will be really good to have lots of quick and easy recipes for dinner. I think your suggestions and ideas will be a real life saver Anna.

You can make a quick and tasty meal with those meatballs and a jar of decent pasta sauce. Just chuck the frozen meatballs in and simmer VERY gently until the meatballs are defrosted: add some extra water so there is enough liquid.

Sounds absolutely brilliant. Quick, tasty, and so simple.

Can't wait to give them a try!

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Thu 23 Sep - 9:17


Getting back on Topic, it is very disturbing to see what effect these cuts are having around the World.

France, Germany, Rumania, Poland, Greece, Spain are all staging massive demonstrations over their Government"s proposals to cut wages, Capital expenditure, increase pensionable age etc and workers are taking to the Streets. What will happen when Britain"s proposed cuts take effect next month.?

In the midst of all this, it was announced that top of the Rich List is Bill Gates, worth $54 BILLION. with
Warren Buffet at $43 BILLION........it really is obscene!!!

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Re: THE U.S. AND WORLD ECONOMY

Post  Angelique on Thu 23 Sep - 17:09

Hi Panda

Have taken the time to read all the posts - quite a lot - your question about what will happen in Britain - I think even though civil unrest is 'talked' about a great deal the majority of people will do as they have always done, and that is whinge and get on with it. We seem to be fairly under control don't we judging by the G20 demo's.

My only worry is how long can the BofE keep the interest rate down because, by golly, if it ever gets going things will definitely get really bad in Britain and a lot of people will be homeless and up to their eyes in debt.

Angelique


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Re: THE U.S. AND WORLD ECONOMY

Post  AnnaEsse on Thu 23 Sep - 17:20

Angelique wrote:Hi Panda

Have taken the time to read all the posts - quite a lot - your question about what will happen in Britain - I think even though civil unrest is 'talked' about a great deal the majority of people will do as they have always done, and that is whinge and get on with it. We seem to be fairly under control don't we judging by the G20 demo's.

My only worry is how long can the BofE keep the interest rate down because, by golly, if it ever gets going things will definitely get really bad in Britain and a lot of people will be homeless and up to their eyes in debt.

Angelique


Like lots of people, I remember where I was on, 'Black Wednesday,' way back in the 90's when the interest rate went sky-high. I was somewhere in the Picardie region of France, taking part in a sponsored cycle ride from Euro Disney to Battersea Park, in aid of childhood leakaemia, and we had stopped at a disused fuel station to rest. When the coach that was following us pulled up, I was sitting on the plinth of one of the disused petrol pumps when someone got off the coach and told us what he'd just heard on the radio. It was a bad day!

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Re: THE U.S. AND WORLD ECONOMY

Post  Angelique on Thu 23 Sep - 17:42

Hello AnnEsse

My, what an interesting life you have - I do actually remember Black Wednesday - Lamont fiasco and it being an absolute shambles and everyone got to know about George Soros making a fortune out of us!

Angelique

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Thu 23 Sep - 19:34

Angelique wrote:Hello AnnEsse

My, what an interesting life you have - I do actually remember Black Wednesday - Lamont fiasco and it being an absolute shambles and everyone got to know about George Soros making a fortune out of us!

Angelique

Hi Angelique,

The BOE interest at the moment is only about 1% whereas on Black Wednesday it was something like 15-20%,
this is something quite different, it"s about the TRILLION £"s debt the Country has to bring down. When the
cuts come into effect, it won"t be the British people being united and brave as in War times, it will be anger and disgust that they have to face such a mountainous debt through no fault of their own, just greedy Banks and a weak governance of them by the FSA.

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Thu 30 Sep - 10:13


Latest News: Anglo Irish Banks need £5 BILLION from the Irish Government and possibly another £6 BILLION,
Allied Irish Banks also need £5BILLION.......just how were all these Banks around the World allowed to get
away with their greed and bad Management???? I get so angry when I think of all the ordinary people who are
left in such dire straits and will be paying for years to come . This situation is far worse than Black Wednesday
and we will read of other Banks in dire straits. A debate on a T.V. Programme I watched recently said the Rich
are less likely to give to Charities and Natural Disasters, it is a known fact.

If the Governments don"t come together on this and lay down Rules for the way Banks do Business there is no
justice.

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Max Keiser: Sitting on the doorstep of global conflict.

Post  AnnaEsse on Tue 19 Oct - 15:17



ETA: Part 2



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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Thu 21 Oct - 7:06

Thanks AnnaEsse

Can you believe the state the World is in ? To think Gordon Brown sold half the Gold and squandered the
proceeds. Tim Geitner thinks he can tell the Chinese what to do but the Chinese are looking after their own interests and sticking two fingers up to America. All this "quantitive easing " will do absolutely no good , I remember years ago when I took Economics as one of the subjects in my Banking Exam part 1 that gold was the
currency, not paper , until about the 15/16 100"s

Don"t know if you know but it is interesting. In those days Farmers etc used to take their goods to market and
were paid in Gold. Often, on their way home they were mugged and at that time there was a Coffee House in
Threadneedle Street where Merchants met to do Business. To stop the mugging , the Farmers took their Gold to the Coffeehouse where it was traded in for a Promissary Note for the value. The promissary note said "I promise
to pay the Bearer"......as it does to this day and the Farmer could hide it more easily. The Coffee House later
became the Bank of England on the same site.

Later on some fraudsters added nickel or some such metal to the gold thereby devaluing it, and that"s what
"quantitive easing" does.

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Re: THE U.S. AND WORLD ECONOMY

Post  AnnaEsse on Thu 21 Oct - 7:30

Panda wrote:Thanks AnnaEsse

Can you believe the state the World is in ? To think Gordon Brown sold half the Gold and squandered the
proceeds. Tim Geitner thinks he can tell the Chinese what to do but the Chinese are looking after their own interests and sticking two fingers up to America. All this "quantitive easing " will do absolutely no good , I remember years ago when I took Economics as one of the subjects in my Banking Exam part 1 that gold was the
currency, not paper , until about the 15/16 100"s

Don"t know if you know but it is interesting. In those days Farmers etc used to take their goods to market and
were paid in Gold. Often, on their way home they were mugged and at that time there was a Coffee House in
Threadneedle Street where Merchants met to do Business. To stop the mugging , the Farmers took their Gold to the Coffeehouse where it was traded in for a Promissary Note for the value. The promissary note said "I promise
to pay the Bearer"......as it does to this day and the Farmer could hide it more easily. The Coffee House later
became the Bank of England on the same site.

Later on some fraudsters added nickel or some such metal to the gold thereby devaluing it, and that"s what
"quantitive easing" does.

Thanks Panda. That's really interesting.

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Thu 21 Oct - 8:14

"Morning AnnaEsse,

Yes, I enjoyed that little story from our Tutor. Another tale I was told, don"t know how far it"s true.
All America"s Gold is stored in Fort Knox and apparently it"s empty!!!!!!! If Germany did demand to keep it"s own gold how could America refuse?

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Re: THE U.S. AND WORLD ECONOMY

Post  AnnaEsse on Thu 21 Oct - 8:17

Panda wrote:"Morning AnnaEsse,

Yes, I enjoyed that little story from our Tutor. Another tale I was told, don"t know how far it"s true.
All America"s Gold is stored in Fort Knox and apparently it"s empty!!!!!!! If Germany did demand to keep it"s own gold how could America refuse?

I've heard that too about Fort Knox and apparently they won't let anyone in to check!

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Re: THE U.S. AND WORLD ECONOMY

Post  AnnaEsse on Thu 21 Oct - 8:20

Time Magazine: Prospect Of Civil War In U.S. “Doesn’t Seem That Far Fetched”

With protesters in France entering a seventh day of strikes and demonstrations against draconian austerity measures, many political observers in the U.S. are now wondering how long it will be before similar scenes unfold on American streets, with even Time Magazine now conceding that the prospect of a civil war in the States “doesn’t seem that far fetched”.

To be clear, Stephen Gandel’s article entitled Will the Federal Reserve Cause a Civil War? largely dismisses the possibility that the Fed’s upcoming November 3rd meeting, during which Ben Bernanke is expected to announce a fresh round of money printing, will prompt national uproar, but it doesn’t exactly debunk the notion of longer term social dislocation as a backlash to the crumbling economy, as many are now forecasting.

As we highlighted yesterday in a piece that was later picked up by the Drudge Report, it’s only a matter of time before Americans are hit with almost identical austerity measures to those that have caused the French to set up fuel blockades, stage running battles with riot police, halt air and rail travel, and virtually shut down some areas of the country.

The question remains – how will Americans react if the Obama administration pushes ahead with its plan to seize all private 401(k) pensions, which will be swallowed up by the Social Security Administration under the banner of mandatory Guaranteed Retirement Accounts? How will Americans react to the upcoming announcement that the Federal Reserve will further eviscerate the value of the dollar by purchasing junk assets from big banks at exorbitant prices with money printed out of thin air?

Time Magazine, which as a guardian of the establishment would normally be expected to disparage the potential of mass civil disobedience, actually lends the notion some spotlight by linking to a Zero Hedge story which paraphrased economic forecaster David Rosenberg, who warns that the Fed’s plan for more quantitative easing, “positions US society one step closer to civil war if not worse.”

The article also features a quote from a Washington’s Blog piece which warns that the Fed’s policies could lead to the very destruction of the republic.

“In a very real sense, Bernanke is throwing Granny and Grandpa down the stairs – on purpose. He is literally threatening those at the lower end of the economic strata, along with all who are retired, with starvation and death, and in a just nation where the rule of law controlled instead of being abused by the kleptocrats he would be facing charges of Seditious Conspiracy, as his policies will inevitably lead to the destruction of our republic.”

Lending the notion credence, Gandel writes, “With the Tea Party gaining followers, the idea of civil war over economic issues doesn’t seem that far-fetched these days.”

Yes, you read that correctly. Even Time Magazine is now conceding that the current economic course of the nation could lead to outright civil war and revolution.

Gandel finishes the article by leaving the prospect of widespread civil unrest as an open question.

“So it seems clear what the Fed is likely to do,” he writes. “How the economy, the militias and the rest of us react is up in the air. The count down is on. T minus 15 days to Fedamageddon. See you there, hopefully.”

Of course, people like Gerald Celente and a host of other economic forecasters have been predicting civil unrest, food riots and tax rebellions for the past two years, but to have Time Magazine seriously entertain the notion of civil war in the United States is a shocking reminder of just how close to the precipice we now stand.

Numerous forecasters, governments, spy agencies, and international bodies are predicting mass riots and unrest in response to a worsening economic picture.

In November 2008, right as the economic implosion was unraveling, the U.S. Army War College released a white paper called Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development. The report warned that the military must be prepared for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” or “loss of functioning political and legal order.” The “widespread civil violence,” the document said, “would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.”

A British Ministry of Defence report struck a similar tone when it predicted that within 30 years, the growing gap between the super rich and the middle class, along with an urban underclass threatening social order would mean, “The world’s middle classes might unite, using access to knowledge, resources and skills to shape transnational processes in their own class interest,” and that, “The middle classes could become a revolutionary class.”

How Americans will react to what many see as a make or break moment for the US economy, the Fed’s announcement on November 3rd, largely depends on how well they understand the fact that their financial future and that of their children now hangs in the balance like never before.

As the Economic Collapse Blog points out, QE2 represents the biggest bank robbery in history, and is nothing less than another huge transfer of wealth from American taxpayers to big banks. The money Bernanke prints out of thin air, which will further devalue the greenback and every dollar earned or saved by American citizens, will be used to purchase large quantities of “troubled assets” from U.S. banks at well above market price. Small banks will be allowed to wither and die, whereas the huge megaliths will collect mountains of free money at the expense of hard working Americans.

The long term impact of the Fed buying these toxic junk assets with money printed out of thin air will be an inflationary holocaust that does nothing to rescue the US economy but everything to depreciate the very real assets of the American taxpayer.

We are already on the road to serious inflation and the Federal Reserve has not even fired up the money hoses yet. So what is going to happen after they pump trillions more into the economy?

Printing more money and giving it to the banks is not going to solve our economic problems. It is just going to make them worse.

But unfortunately, American voters get no say about any of this. Our national monetary policy is in the hands of an unelected central bank that does pretty much whatever it wants.

If as many Americans were aware of what the Federal Reserve is about to do with their financial future as are knowledgeable about the intricacies of Dancing with the Stars, then the “civil war” that even Time Magazine is now presenting as a justifiable response to the crisis would be a very plausible prospect.

As it stands, according to the majority of voters in our poll on Prison Planet.com, Americans will react to the situation not by organizing fuel blockades, marching in the streets and shutting down the country, but by scratching their butts and flipping the TV channel.


http://www.infowars.com/time-magazine-prospect-of-civil-war-in-u-s-doesnt-seem-that-far-fetched/

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Thu 21 Oct - 8:47

I can"t remember the name of the Book, but it was about a Bank and it"s Personnel.Anyway, the Bank renaged on a promise to pay for projects to help the poor community in the area they had been given concessionary
deals to build a branch there. The inhabitants of the area held a Meeting and decided on a strategy. Everyone who held an account at the Branch were told to go to the bank and withdraw their cash, even if it was only a dollar in there. This resulted in queus miles long, staff recruited from other Branches of the Bank to help with
the queues but by the middle of the afternoon the Bank realised it would be bankrupt and acceded to the demands of it"s customers. Why do the powerful Pension Funds do nothing? Rich shareholders?

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Tue 30 Nov - 10:48



Thomas Jefferson said in 1802:
“I believe that banking institutions are more dangerous to our liberties than standing armies..
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by
deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.”
--------------------------------------------------------------------------------------------
This is the quote from the Jefferson thread........200 years on and we can see how accurate his prediction was.

Now that ireland has been sorted, Spain is the next Country to need help, Portugal as well probably....where will it all end? If Italy
is brought down, the Euro will be abolished and Countries revert to their own Currency. Question........where is the IMF getting all these
Billions to bail out these Countries.? RBOS has liabilities in Ireland so the U.K. Government steps in with a £7 Billion loan to
Ireland to safeguard ROB"s exposure. Barings went to the Wall because of Nick Leeson, why are we pouring good money after bad into
RBOS when they still insist on paying Bonuses to their Staff.?

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Wed 8 Dec - 21:25


On the Business News today the latest jobless figure in America is 10%, higher than expected. Many Economists are questioning Ben
Bernanke"s solution, putting another $600 million into the Economy , it devalues the currency to keep interest rates low but there is a real danger it will spark inflation. As Mr Micawber said:- Earnings £1 expenditure 19.6d = Happiness, Earnings £1 expenditure £1.06p Misery

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Re: THE U.S. AND WORLD ECONOMY

Post  Panda on Mon 20 Dec - 7:36



The U.S. is finally taking action on Hedge Funds and arresting several Managers of Firms for insider trading. Too little too late I fear the Global
Financial Crisis is escalating.

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Re: THE U.S. AND WORLD ECONOMY

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