Quote from: Azorus on January 25, 2010, 12:18:46 PM
"the banks getting closed go up and up.. up and up.. up and up"
17 so far this year with more to come.

Very good, Azorus.
Here's a good reason, that may be a reiteration of an earlier post:

http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind.html

He's right.  Printing more and more money does no good.  And recently, the housing initiative for first-time buyers is winding down, thus causing a steep drop in home bought---16+ % drop instead of the predicted 11% drop.

The 'double dip' may be starting.

--Lee

I like the fact that earlier today the fed warned big banks that the interest rates are likely to rise soon, without notice!  wait wouldn't that be a notice?

i don't understand the concern... are you all incapable of hunting your own meat, growing your own produce and building your own shelter? if you are incapable of the above, i suggest you aren't as smart as you would like to think nor very well educated in the things that really matter...


the poll doesn't have my choice which would be: i don't care if the american economy improves.

Quote from: the_big_m_in_ok on January 25, 2010, 01:46:12 PM
Very good, Azorus.
Here's a good reason, that may be a reiteration of an earlier post:

http://www.forbes.com/forbes/2009/1116/opinions-great-depression-economy-on-my-mind.html

He's right.  Printing more and more money does no good.  And recently, the housing initiative for first-time buyers is winding down, thus causing a steep drop in home bought---16+ % drop instead of the predicted 11% drop.

The 'double dip' may be starting.

--Lee

The families that own the banks don't care if the small fish go down. Why should they, when they own the small fish? when the agenda is to amalgemate and centralise power into a global banking system?
Forget about 'green shoots' - recovery is not part of the plan, never has been.
      If you think these bailouts are to protect the economy, you are missing the point. The plan was to crash the economy from the start by withdrawing money from circulation, stopping banks from lending, burst the housing/derivatives bubbles they created - which, by the way, we haven't seen the last of yet - create new 'green' bubbles with the carbon credit scam - just look at Al Gore, Pachauri and JP Morgan's business dealings and you get the idea - lend poor countries money created out of thin air ostensibly to deal with their fictional 'carbon problem' and when they default on the loans, penalise them by monopolising their industrial infrastructure, or disallowing it under draconian new eco-regulations.
       The IMF has been busy with this piracy for years. With a global centralised 'green' bureacracy to 'save the planet' the parasitic process will be 100 times more efficient - and our gullibility, lack of critical thinking and inability to collectively take action will enslave us.
       We will see the economy degrade. When a full collapse occurs, in tandem with other engineered events, the 'saviours' will step forth - with their 'solution'
       Believe me, you don't want to be part of that solution.

Quote from: Azorus on January 25, 2010, 02:14:24 PM
I like the fact that earlier today the fed warned big banks that the interest rates are likely to rise soon, without notice!  wait wouldn't that be a notice?

Well, if they didn't say why, someone should ask!  The Fed could risk irreparable damage to their economic 'face' if the said economy deteriorated without them noticing it, and then raise rates rates in a hurry to compensate.
(I'm being facetious and sarcastic at the same time.  Did you see that, anyone?)

Also, have a look at this:
http://news.yahoo.com/s/ap/20100123/ap_on_bi_ge/us_obama_s_economy
NOTE:
This article may be replaced by fresher news in the future.  If so, GOOGLEize  "obama faces perilous choice" and see if it was archived on a database.

--Lee