Time Has Run Out
Following an uptick in the second quarter, investments in U.S. venture-backed companies fell 38% to $5.1 billion from $8.2 billion in the year-ago period. The figure fell 6% from the second-quarter total of $5.4 billion.
Imports dive at ports of Los Angeles and Long Beach
As dismal as those figures are for the two ports, which rank first and second in the U.S. in container volume and together rank fifth in the world, a greater worry goes beyond the immediate and substantial loss of local trade-related jobs: Some of the ports' most important tenants were so poorly positioned for the downturn that they might sink completely in a sea of billions of dollars of red ink, experts say.
"Without a doubt, the Southern California ports should be worried," said Neil Dekker, an analyst at Drewry Shipping Consultants in London who produces container industry forecasts. "Companies will go bust; freight rates may take years to recover."
Venture Investing Collapsing
Imports and Exports Diving
Tax Receipts Evaporating
Corpororate Revenues Shrinking
Commercial Real Estate Crashing
Credit Contracting At Record Rates
Oil Prices Increasing
Job Losses Growing as Government and Health Care are starting to shut down
ALL OF THE ABOVE DESPITE GOVERNMENT RUNNING A DEFICIT OF APPROXIMATELY $5000 FOR EVERY MAN, WOMAN AND CHILD IN AMERICA.
Kids...this is not a recession...it is a Depression and a MASSIVE ONE being masked by an unprecedented deficit. Revenues for many industries in America are now down 20-50% and more yet GDP is down only single digits? We only count a few people receiving unemployment checks as unemployed? At some point, you will realize you are the one being played for the Fool by your own Federal Reserve.
Now the World moving away from the dollar???? PROBABLY THE SINGLE MOST CONVULSIVE ECONOMIC DEVELOPMENT IN AMERICA SINCE OUR FOUNDING....and it is barely making press in our media?? My what a pickle Benny The B and Timmy G have put us into..........and some of you think this is simply a cyclical recession????
At this point, we are simply left with two choices....either restructure our debt and accept the pain of a massive depression setting the foundation for future growth........or prepare the fight the world militarily because America will be economically decimated if few accept our currency.
If we restructure, you will learn that the bankers looted America and simply infected our economy with an unservicable amount of debt that is toxified our pensions, corporations, and banking system....and now that credit has been cut off....the collapse is inevitable.
Based on the lack of awareness most Americans have of their present condition, the indifference by our representatives to deal with the economic issues and simply bail out the banks, it appears military conflict has already been decided........prepare for troop build ups in a few weeks and the draft in the not too distant future.
Whenever your bankers are making money when the economy and people they lend to are deteriorating.....you know something is wrong. Up until this cycle, the two went hand in hand.......now you know you have been looted, the only thing you are unsure of is ......which side are the bankers on if we go to war?????