Recession Ending

[Aaron]

opportunites galore

Kevin,

Yes, didn't think of it but the wood floor deal was when there was
no big economic trouble.

And with the tile contractors flaking out on me was in the last 2 weeks
when I'd think people would be bending over backwards to take my money.

I agree with you, opportunities are endless. If I had to start over, I'd
be making cash by the end of the month. Possibly not something that I
enjoy as much as what I'm doing now but if I had to make money, there
are plenty of things to do.

[Vortex]

Forecasting the Market Using the S&P 500 PE Ratio (CAPE) « South Dakota Conservative
Above link explains the calculations and methodologies that were created by Professor of Economics Robert Schiller of Yale University with stock market historical data from 1880 to the present to create the graphs below.




Insider selling has been going on during the entire year of 2010.

Below is of all insider trading .
(see VOLUME of buys/sells in RED)
Insider trading is a massive sell-off

[rickoff]

Recession Over?

The latest “Misery Index” shows that Americans are, economically speaking, more miserable than they’ve been in the past 28 years.

The monthly Misery Index is an unofficial measurement created by economist Arthur Okun back in the 1970s using the simple premise to total the inflation and unemployment rates. The Misery Index, currently at 12.7, is now 62 percent higher than when President Barack Obama first took office in 2009.
Have things ever been much better? Yes, the historical low was 2.97 in July of 1953, seven months into the Eisenhower administration. Could things get worse? Yes, the all time high was in June 1980, under the Carter administration, which appears to be where we are once again headed under the Obama administration.

[bolt1]

Average recession/depression period are 7 years before they bottom out. As what we are in now started August 2008 it will still only be 3 years this August so i doubt there will be any sign of a recovery until 2015! BUT they will remind you every day of every week that things are getting better. They must in order to keep people spirits up as high as possible so those that still have a job work harder then ever before for less pay believing there is light at the end of the tunnel. This is what you do to slaves you give them HOPE.

On the other hand of the government was honest and said look we are in the sh$t for next 7 years people would act very differently and no one would dare buy a property or new car. So till 2015 things are going to get worse and worse as wages drop and cost of living keeps going up and more people lose their homes. Come 2015 as crime hits all time high and armed gangs is the norm in every town things will start to improve slowly assuming we haven't sunk to civil or a nuke war by that time.

[Nadda]

Guys no need to worry

The government can simply create more stimulus bills, and create millions of more shovel ready jobs...which were'nt shovel ready last time (funny huh)...and hey the housing market will be fine its just needs to be proped up again with a higher buyer tax credit, make it 12,000 this time...no worries. That'll give us another year of inflated housing market numbers while we plunge deeper into a black abyss of debt.

Its obvious we can spend our way into prosperity.
Look how well it did last time round.....NOT.

[rickoff]

Recession Ending?


CNBC, July 8, 2011: Jobs Picture Gets Even Worse as Rate Swells to 9.2%

"U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dousing hopes the economy would regain momentum in the second half of the year."

[rickoff]

Shouldn't the administration's objective be to get people OFF food stamps?

And shouldn't economic success be measured by how many people no longer
require food stamps, rather than how many are added to the program?

[rickoff]

Good News / Bad News

The Good News is that the US economy added 117,000 jobs in the month of July.

The Bad News is that "official" unemployment remains at 9.1% and 22 million of the US workforce does not have a full time job. What's more, 125,000 foreign workers received new US work permits last month. With 117,000 jobs created, and 125,000 foreign worker permits issued, it stands to reason that foreign workers will fill all the jobs created, and that the 8,000 excess permits will result in 8,000 unemployed foreign workers going on welfare. It also stands to reason that 117,000 US workers, who could have filled those newly created jobs, will remain unemployed. Makes a lot of sense, huh?

[Nadda]

sounds like some funny numbers there lol. I wonder how many of those 117,000 jobs were counted as saved jobs lol you know, the category that cant be counted...Obama somehow counted millions of jobs being saved in the past...wish i had his calculator.

Not to mention our newly assigned AA+ rating downgrade.
Obama still thinks we will always be a AAA nation so its all good.
Bet he plans on continuing to spend like a AAA nation. Spending isnt the problem though, according to the white house its those darn tea partiers (who want to stop spending) for killing our credit. If only they would have allowed more money to be printed without any cuts or budget Everything would be fine.

[Mad Scientist]

Our economy is a mess. We are in debt up to our neck. Some claim to save the economy we should go even deeper into debt. Like the drunk who says he will quit drinking if you just give him one more drink. Others say we should cut back spending. Will any of this help? Unfortunately no. Nor will increasing taxes.

The real problem here is the way our money system operates and that there is simply is not enough real money in the system to pay off all our debts. The reason for this is banks are allowed to loan out more money then they have on deposit. (fractional banking) So if this money doesn’t exist where does this money that they lend out come from? It was created out of thin air by simply noting in their books that we owe them “X” amount. Of course if an individual where to create their own money in some similar manner they would be called a counterfeiter.

Now it can be argued that when one agrees to take on a loan they are certainly obligated to pay it back. But in this case must that money be paid back with real money earned by actually working for it or should we paid it back using the same type of “Monopoly Money” that was loaned out?

[Nadda]

@Mad Scientist

Yeah its crazy, politians use imaginary numbers, banks use imaginary dollars, maybe we have an imaginary economy? Whatever happened to the gold standard? I guess it wasnt imaginary enough lol.

Greed is the achilles' heel to all form of government, because all governments are run by man. Government provides specific individuals with power over masses of individuals, all it takes is for any of those specific individuals to be corrupted by greed to abuse the masses underneath them. Banks hold that same power, namly the fed, because they control the money...which satisfies the greed. So if you control the money, you control the legislation (and pretty much everything else).

I remember when i was little and growing up, being naive enough to believe with 300 million people in this country that most adults would be smart or integrated enough with the government to ensure that corruption on such a large scale wouldnt take place. That adults as citizens would know and would hold politians accountable to stop corruption on sight. Little did i know most adults dont really care and the other ones who do care cant do all to much about it without the voting power and demand from the rest of the masses of people in this country. We cant even get enough people to care enough to demand that the FED be fully audited, you know the one bank that owns all the paper in our pockets.

Its hard to blame most people for not watching everything the government does, its a job we shouldnt technically have to do, but the greed of men makes it a job that needs to be filled.

A monetary system, still is a great system for people to provide products and services to other people. I look at it as virual energy. The only thing money provides is energy. The energy it took to create something. I think zero point energy would be the first major step toward the End of Money. You would no longer need human energy to create anything.

It would be the era of the androids.

It wouldnt cost farmers anything to harvest their fields, it wouldnt cost anything to ship perishables, it wouldnt cost anything for resturants to prepare and serve food, it wouldnt cost anything for consumars to eat out at a restruant. Thats the potiential flip side to zero point energy...I wonder why they are hiding it? No money no power? The achilles' heel to money is power.
Although using it provides comfortables lives to masses of people, it still remains, those who have money control those who dont, because its just a representation of virtual human energy.

[Mad Scientist]

A friend send me this.
Everyone is happy that the Federal Budget Deal was finally passed. Right?

Federal Budget: 3.82 Trillion
Income: 2.17 Trillion
New Debt: 1.65 Trillion
Amount Cut: 38.5 Billion

Harry Reid is calling this a "historic amount". The President said it is a "historic deal". John Boehner simply said, "We've come to an agreement".

Let's Put This In Perspective. Let’s put these amounts into dollars we can relate to.

Let's remove nine zeroes from those numbers and pretend this is a household budget for the fictitious Jones family.

Amount of money the Jones’s family spent this Year: $3,820

Total income for the Jones’s family this Year: $2,170

Amount of new debt added to their credit card this Year: $1,650

Outstanding balance on their credit card: $14,271 (This represents our national debt).

New outstanding balance on credit card: $15,921

So last week, the "Jones's" sat down at the kitchen table and after much deliberation agreed to cut $38 from their yearly budget. Calling it a historic amount!

[Nadda]

@Mad Scientist

Exactly, (i wish this forum had thumbs up ratings lol)

Another thing that makes no sense to me is that people and obama think we need to just hike taxes on the rich...and that since the TEA party didnt allow tax hikes it caused the downfall of our credit rating...Yet all they need to do is look at the name at the end of our deficit...its "trillion" with a "T"... You can hike taxes on the rich to 100% (take all of their money) and we would still be in Debt. Hiking taxes will do nothing with the trillions of spending we have. I think we need major tax "reform" and major spending cuts. Closing loopholes in reform would increase taxes on the rich business owners but either way those kind of loopholes shouldnt exist.

I think the fact that we can print endless amounts of money leaves people with this false sense of security and we just seem to overlook how deeply our finances are screwed.
Can you even imagine how much money 14 trillion dollars is? We're not only financially broke....we are far worse off than that. Printing more monopoly money isnt the answer, all that money does is make what we do have more worthless. 100 dollars is worth 100 dollars because there are only so many 100 dollars. So how does making our money more worthless become the answer to building economic prosperity? I just cant believe this is what people in charge think is the best possible solution.

[rickoff]

Can you even imagine how much money 14 trillion dollars is? We're not only financially broke....we are far worse off than that. Printing more monopoly money isnt the answer, all that money does is make what we do have more worthless. 100 dollars is worth 100 dollars because there are only so many 100 dollars. So how does making our money more worthless become the answer to building economic prosperity? I just cant believe this is what people in charge think is the best possible solution.

What we need to realize is that the $14.6 Trillion "officially" reported national debt, while gargantuan in itself and representing 97% of annual US Gross Domestic Product (GDP), is a far cry from the actual truth of the matter. That figure does not take into account the current $40 Trillion personal, business, state, and local government debts, nor the $115 Trillion and growing debt obligation of the totally unfunded Social Security, Medicare, and Prescription Drug programs. The true debt obligation to our nation, therefore, is around $170 Trillion, which is nearly 3 times the annual GDP of all nations combined! To put this in perspective, there are only 112 million taxpayers in the 312 million US population, and our true overall debt places an average burden of $1,528,777 on the back of every one of these taxpayers! It is unrealistic to think that the present debt could ever be paid off, let alone a future debt which could likely double in the next decade if Congress has its way.

There are 4 reasons why Congress did relatively nothing to address our debt problem:
1. They realized that the real problem is so severe that simply halting any further debt growth would require massive spending cuts which would anger a great many constituents, thus causing an end to many political careers.
2. They realized that no solution put on the table for discussion would have actually helped solve the problem by reducing US debt obligations.
3. The establishment Republicans and Democrats who overwhelmingly control Congress are fixated on ever expanding the size of government, and the cost of providing government entitlement programs.
4. The President, Vice President, and all those in Congress, are not representatives of our government, and haven't been since 1913, when our original jurisdiction federal government ceased to exist because of the unconstitutional and unratified 17th Amendment. They are simply elected officers of a foreign owned corporation, known as the International Monetary Fund (IMF), which gained ownership of Corporation United States (otherwise known as Washington, D.C.) in 1944 under the Bretton Woods Agreement Act, and are focused solely on the IMF agenda, which is the destruction of the United States of America and its monetary system, a transfer of all our nation's wealth and resources to the wealthy elite who control the IMF, and creation of a one-world government and monetary system controlled by the IMF. Thus, to achieve the IMF goals, it is imperative that our nation go broke, and that every person and business is drowning in debt - which we most assuredly already are.

One would think it astounding that not a single person in the current Washington DC Congress or administration suggested a very real alternative to extending our national debt. No one suggested doing away with the private and corrupt foreign controlled corporations known as the IRS and Federal Reserve, and simply having the Treasury print enough US Notes (already recognized as legal tender) to pay off all legitimate current debts, to finance all 2011 budgeted items, finance new infrastructure projects in every state to immediately put all unemployed US citizens to work, and offer a $10,000 per person payout to every taxpaying US citizen family member to assist families in paying off debts and jump starting the economy. This would have solved nearly all our debt and unemployment problems overnight, given an instant and lasting boost to renewed economic prosperity, and would have cost us nothing more than the paper and ink used to print the US Notes. No interest, and no payback required! The people would have accepted and used these notes just as they use Federal Reserve notes. Both are actually worthless fiat currency which is not backed by anything of value, but as long as people accept either one as legal tender then why not opt to print US Notes rather than Federal Reserve notes which must be repaid at interest? You can, and should, ask this question of every one of your Senators and Representatives in Washington, but don't hold your breath waiting for an answer. And don't let yourself be fooled into thinking that they don't understand this remedy, or how simple it would be to implement it.

The hopes of a very large number of Americans these days are pinned to a strategy whereby the TEA Party would largely take over the Republican Party, oust many Democrat politicians by taking their seats, and thus gain majority control of both the House and Senate. While this is a worthy effort, we must realize that it cannot possibly succeed in 2012. There are currently only 40 Tea Party candidates to the House who were seated in the 2010 election. While all House seats will be up for bid in 2012, we must remember that only 32% of the 2010 Tea Party candidates succeeded in winning seats. Thus, if the same holds true in 2012, and if every one of the 435 open seats has a Tea Party candidate running for it, we can only expect that 139 Tea Party candidates will be seated. That is far from a 218 simple House majority, let alone a 290 member 2/3 majority. The outlook in the Senate is even worse, where only 5 Tea Party candidates were seated in 2010, and where only 1/3 of the remaining 95 Senate seats will be up for bid in 2012. If the Tea Party could capture all 32 open seats (which is highly unlikely), that would only give them 37 seats, which is neither a 51 seat simple majority nor a 67 seat 2/3 majority. It is not enough to simply give the Republican Party an iron clad majority, as the recent debt ceiling debates proved that the already existing Republican House majority was not willing to take a firm stand to refuse any plan that would raise the debt. They had the power to vote against any such agreement, which would have caused Congress to take immediate steps to bring spending under control by slashing the budgets of wasteful and unnecessary federal agencies and departments, and repealing ObamaCare and other legislation which we can not afford. As you can plainly see, what all of this means is that establishment Republican and Democrat politicians will remain in full control of Congress after the 2012 election, and they will continue to press the IMF agenda to its designed conclusion. But do not despair!

The only realistic hope to thwart their agenda by 2012, and to restore our true constitutional government while saving our Republic, is to participate in the already well underway plan to reseat our original jurisdiction state and federal governments. To understand why this needs to be done, how this can be accomplished by 2012, and what part everyone can play in accomplishing this goal, go here.

Best to all,

Rick

[Mad Scientist]

Best to all,

Rick

Very well stated!