East Coast Economic Update: May 8, 2009
Here is the Info for today update.: FT lead story, folks are not buying US bonds!: www.ft.com Paul Volcker thinks full employment means a higher UNEMPLOYMENT!: www.bloomberg.com G. Celente’s Press release: Green Shoots or Greatest Depression? Kingston, NY, 7 May 2009 — The financial fields replete with sprouting “green shoots” should be viewed with suspicion, if not alarm, warns Gerald Celente, The Trends Research Institute Director. “They are not a mirage, but they are ephemeral.” Field Marshall Ben Bernanke and his Green Shoot Brigade have fertilized the economic landscape with trillions of sweat equity dollars extorted from today’s public and the public of generations to come. Regardless of how depleted the land, heavy doses of dollars spread so thickly over the financial and government territories, will force “green shoots” to grow. But the fundamentals of the economy remain unsound. They will not be corrected by forced fertilizing barren acreage. “‘Green shoots’ may sprout,” said Celente, “but they will not flower. The economy cannot be coerced back into growth with tons of money manure.” As the ancient parable puts it: “A sower went out to sow his seed: and as he sowed, some fell by the way side; and it was trodden down, and the fowls of the air devoured it. And some fell upon a rock; and as soon as it was sprung up, it withered away, because it lacked moisture. And some fell among thorns; and the thorns sprang up with it, and choked it. And other fell on good …
ppl are stocking up on food, guns, other supplies shoes being a very important items to have.
LOL! It is a old style chair. I always tell people the squeek makes the NWO tremble!
I will try to oil it in a few hours.
Peace.
interesting info about people giving up on work “until the fall”…
You have a very squeaky queirking chair
Peace
Magi
America will collapse like The Soviet Union according to a russian researcher:
watch?v=S-ImtR-y8Ks
Slainte, my friend, shalom
Shadowstats show that unemployment is almost 20%! Things are going to get scary.
everything is just being put into a slow burn out with the economy.
Dont know if you saw the Bilderburg early leak but the main issue they were divided on was this:
Either a prolonged, agonizing depression that dooms the world to decades of stagnation, decline and poverty or an intense-but-shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.
Estulin is always right
John, great informative vid, but I’m getting to the point that I don’t know what to say anymore……just I’m tired for now. Stock market is up, and there’s no sound reason for it, unless the PPT has boosted it, along with the idiots.
Interesting anecdote… I’ve been doing some part time marketing work, (Gee, I can’t find full time work). Anyhow, I had to do a project for a company that makes crafting supplies, this work was in some of the local Wal-Marts.— So I’m talking to the fabric dept. manager, and she says out of the blue. “You can’t believe how we’re selling sewing machines lately, we can’t keep them on the shelf”. Hmmm does this mean, the sheeple can’t afford to buy clothes?
Well a similar situation occurred in Italy in the 1920’s to ours now. I am almost done: “My Rise and Fall” by B. Mussolini. He talks a lot about stemming inflation, and it seems we are doing the opposite of what he had done. (sry I know he is not the best example). The fact is we print money like no tomor so we are destined for inflation regardless. 2?s4u Do you buy silver? You talk about your store but I never heard u promote it… why? I would go there first if i was in town, 2 hrs away. TYVM
Check Max Keiser on his own web site and here on you tube for financial explanation of the money laundering scheme that is the economic collapse initiated in the US on Wall street.
Good luck.
The recession is easing up here in France. Four job applications, one hire. yay.
prithee, privy?
Larry Williams is the world record trader, and he doesn’t sell or promote any services. Enjoy!
PUG,
No! I have never heard of him before. I will check him out. I usually avoid traders, since they most times have an agenda of selling you a service. Thanks for the heads up.
Peace.
John.
KK, do you watch Larry TV? (ireallytrade com)? He is the world record trader, and he gives free monthly updates that have a very high accuracy rate. Looks like the rally will end in may and there will be a hard sell off in June.
Well, hope that they all grow up to be Ebionites!
Peace.
John.
Monica,
You’re living our future. that is probably what is going to happen to the majority of us in the next 18-24 months. Hold on Sister.
Peace.
John.
Hey Izzy,
The short answer is that once the 2 and 10 year invert the dollar becomes worthless, since our money is “Financed” by the 2 year bond. If you want more detail or have further questions, PM me.
Peace.
John.
Excellent video as usual
Thanks for posting John!
You know, I’ve never had money to invest in anything except my garden, seeds and a bit of food storage and some survival gear. I’m not prithy to the stock market or bonds and treasuries. Actually, I think the best way to invest your money is through a form of life insurance. Anyways, I digress.. I am also underemployed, and can’t find extra work so I started offering my services as a veggie garden installer. I think I’m going to get some work if I’m willing. Already have one guy lined up.
Hey, Jacob #1 name in America for an entire decade.
green shoots green shoots
my cow
likes to eat
green shoots
10 yr treasury
3.33%
I don’t understand some of this stuff. What will happen when the bonds reverse?