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alstry (35.71)

Code Name: "RECOVERY"

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23

November 01, 2009 – Comments (8)

Tim Geithner's definition of Recovery:

"But this is going to be a different recovery than in the past because Americans are going to have to save more. A lot of damage was caused by this crisis. It's going to take some time for us to grow out of this.

"It could be a little choppy. It could be uneven. And it's going to take awhile."

http://news.ino.com/headlines/?newsid=689667772686710

That is right Fools....IT WILL TAKE A WHILE AND IT WILL BE DIFFERENT.

As more jobs are lost....real estate will crash

As revenues evaporate....businesses will shut down

As tax receipts implode....government will cut

If the Fed keeps printing money recklessly, our currency will be worthless.

Recovery in Mr. Geithner's world does not mean improvement as many Fools understand the definition.  As the nation continues to deteriorate under protracted zombulation policies....expect social unrest to rise and President Obama's options becoming more and more limited.

Wage Stagnation Pinches Millions of U.S Workers

You can only be pinched so long before it really hurts.....

8 Comments – Post Your Own

#1) On November 01, 2009 at 8:55 AM, alstry (35.71) wrote:

If you just got rid of practically every American and shipped them overseas...think how much money government and bankers could make liquidating the nation???

Chrysler Confirms New Round
Of Buyout Offers

Chrysler Group confirmed about 23,000 hourly workers will receive buyout offers as the auto maker continues trimming jobs.

WELCOME TO THE RECOVERY

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#2) On November 01, 2009 at 9:34 AM, alstry (35.71) wrote:

The President Knows.....Soon you will too.....

President Barack Obama on Saturday tempered excitement about a growing economy with a sober outlook that more people will lose their jobs. He called that a heartbreaking reality and cautioned that even a burst of upbeat news "does not mean there won't be difficult days ahead."

DIFFICULT?????

It is not the end of the world.....simply the end of the world as you know it.

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#3) On November 01, 2009 at 9:49 AM, alstry (35.71) wrote:

South Korea's Booming RECOVERY!!!!!

S.Korean October Exports Fall 8.3% On Year, Imports Fall 16.3%

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#4) On November 01, 2009 at 10:07 AM, ayekappy (< 20) wrote:

The awesome part is that a lot of these year over years are starting to be versus pretty bad times anyways.  I'd like to see the numbers this year vs. 2007.

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#5) On November 01, 2009 at 10:08 AM, alstry (35.71) wrote:

U.S. employment losses expected to moderate

Job losses probably moderated again in October, economists said ahead of the report. The median forecast of economists surveyed by MarketWatch is for a seasonally adjusted decline of 150,000 jobs and an increase in the unemployment rate to 9.9%, a 26-year high.

http://www.marketwatch.com/story/us-employment-losses-expected-to-moderate-2009-11-01

The only reason job losses are reported so low is because so many are falling out of the workforce. 

If we just fired everyone....in six months the unemployment rate would be ZERO because everyone would be considered out of the workforce.

At that point, think about how much money the bankers and politicians could make liqudating assets in foreign currency.

Isn't Chicago's water system up for sale?????

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#6) On November 01, 2009 at 11:46 AM, alasker (< 20) wrote:

so if the government and the US start liquidating- what do you think will go? I don't think our founders invisioned the feds owning so much of land vesus 50 states having soverienty.

I actually blogged about this- and Beck talked about this a week later on his show. do you feel the our government would get that deperate that they would sell real assets like real estate or commercial property to our foreign creditors? sell our metals in storage (gold)? Sell parts of alaska or Hawaii since they are the farthest from washington DC? offshore drilling rights? mineral rights that can be shipped away from our shores? utlities? infrastructure- roads, ports, utilities?

 

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#7) On November 01, 2009 at 12:14 PM, alstry (35.71) wrote:

Many state governments have already started liquidating.....

Your nation is being sold off and the bankers are making fantastic profits......

as the population loses their jobs, income and assets.

This is simply a natural consequence of Zombulation policies...where money buys you little and your wages crash.

Retail Gas Prices Highest in a Year.. Up 17 Straight Days

Health Insurance rates are skyrocketing as well.....so are property taxes despite falling home values.

All while the citizens are suffering massive job losses and wage cuts.

It wasn't hard to see just difficult to accept.  It is not the end of the world, just the end of the world as you know it.

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#8) On November 01, 2009 at 3:27 PM, AdirondackFund (< 20) wrote:

The best defense against a corrupt Government and their henchmen at Goldman Sachs is to remove all of your money from Banking Accounts, put it in a safe deposit box at the Bank, or in a safe at home, to liquidate cash into Gold and to prepare for the inevitable implosion of a financial system which will simply no longer function.  The wisest choice is going to be the one which sees through this charade and calls it's bluff. 

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