November 12, 2009
– Comments (3)
Now that the banks are stabilized......it is now time. What are Obama's choices if his currency is worthless?
First the housing crisis...next the mortgage crisis....now the last crisis.....The Government Crisis.
States Face More Cut Backs and Tax Hikes
Update: Hawaii State Layoffs Start Tomorrow
NY High Schools - 500 Aides Layoffs Tomorrow
Pierce County - 300
Biggest Law Firms Cut Attorney Ranks By 4%
PriceWaterCooper Warns of Job Cuts for Lawyers
U.S. freight index declined in September
Cash or Gold....soon we will be told.
The Federal Housing Administration's reserve fund has dropped to .53% Below Required 2%
Georgia Foreclosures Up 26% in October
*links from dailyjobcuts.com
So what will China and the Primary Dealers demand now......they hold a lot of FHA paper. You think this is a coincidence that Timmy and President Obama are in China together?
America is running out of money.....The FDIC is out of Money, The FHA is out of Money........The Pension Guaranty is out of Money....now cities, counties and states are running out of money.....
Foreclosures still skyrocketing....Commercial RE still crashing.....millions of jobs being cut and wages slashed.....businesses shutting down all over the place.....
And you are being told the recession is over while we are runnning a $2 Trillion dollar deficit against declining revenues and slowing shipments........
Now we all feel.......the government crash........
it's going to get silly.
May Your Dow Never Jones