Most Americans know that the U.S. economy is in bad shape, but what most Americans don’t know is how truly desperate the financial situation of the United States really is. The truth is that what we are experiencing is not simply a “downturn” or a “recession”. What we are witnessing is the beginning of the [...]
Archive for the ‘Bonds and Debts’ Category
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Today 29 Jun 10 – We Entered The Depression
June 29th, 2010 
Uncle Sam Thank You, Sir. May I have Another! In what is the worst looking day since November of 2009…… The ONLY “UP” is GOLD Everything else takes a fithy dump…….. Anyone want to buy some BONDS?
Can We Devalue Our Way Out?
October 11th, 2009 Uncle Sam “It’s not AS shitty as it was last month!” – BLS “…While the figures indicate improvement, government data last week showed more job cuts than forecast for September and a rising jobless rate. President Barack Obama pledged to “explore any and all additional measures” to spur growth, as last week’s report underscored that gains [...]
What’s That Smell? California!
June 26th, 2009 Uncle Sam Whatever this state is selling, I ain’t buying! “…In a new report, Weiss has some rather blunt advice for California muni investors: “Sell all California paper now!” His reasoning? California is facing a $24 billion budget gap with no obvious way to close it. The state has appealed to Washington for a federal bailout, but [...]
How Fucked Are We?
June 26th, 2009 Uncle Sam This is yet another indication that the U.S. economy is plummeting downward – with absolutely no signs of stability, let alone a “recovery”. “…Up to this point, the U.S. government has been very successful in duping market sheep (i.e. the “experts”) through publishing totally fraudulent monthly jobs reports. With the U.S. economy losing roughly [...]
A View From The East.
March 16th, 2009 Uncle Sam “…if the current dollar-centric financial order should become more seriously shaken than it already has been, perhaps even suffering a collapse, as a casualty of the present deepening global crisis, then the transition to any new global financial order is most likely to be disorderly, disruptive and unmanageable…” Read More…
China Sweats the Dollar.
March 13th, 2009 Uncle Sam Yeah. We are really concerned about the safety of China’s assets. I’d like to kick their assets all over the map! “…Of course we are concerned about the safety of our assets. To be honest, I’m a little bit worried,” Wen said at a news conference Friday after the closing of China’s annual legislative [...]
Washington Readies For Major Bank Failures
March 10th, 2009 Uncle Sam The FDIC is gearing up to have access to a ridiculous amount of money, possibly in preparation for ailing banks to fall. And soon. “…A bill introduced in Congress would give the FDIC, the agency that stands behind Americans’ bank deposits, temporary authority to borrow as much as $500 billion from the government to [...]
Has The Joblessness Peaked?
March 5th, 2009 Uncle Sam We finally saw a decrease in the number of new weekly applicants for unemployment insurance benefit, cause this be the turnaround signal? I doubt it. Anything over half a million claims in a week is nauseating. We will see how the employment situation looks tomorrow. That is the real indicator to watch. It will, of [...]
Some Uplifting Information From The WSJ.
March 4th, 2009 Uncle Sam Not really. Everyone is making this out to be worse than it is: “…The most serious concern is that the downturn will become something worse than the largest recession of the post-World War II period — 1982, when real per capita GDP fell by 3% and the unemployment rate peaked at nearly 11%. Could we [...]
