noyhauser said:
I don't really want to get into a huge debate on this, but really just reading from the doom and gloom sources will just give you a very one sided, pessimistic view.
Unfortunately, the "doom and gloom sources" are NOT giving us a pessimistic view, they are telling the truth while the main stream media is trying to feed us a false hope and belief that things are, and will, get better when nothing could be further from the truth.
The government may tell us that U3 unemployment is 9.5%, but when you factor in U6, the number jumps to over 16%, and then if you subtract the fraudulent birth-death ratio the number jump to over 20%! Check out
this link for U numbers which the government manipulates to keep you from knowing the truth. It's all a matter of juggling the numbers.
A web site from your own country lists the 40 reasons why there is no recovery in sight for the US. The top ten are:
1 - According to one shocking new survey,
28% of U.S. households have at least one member that is looking for a full-time job.
2 -
A recent Pew Research survey found that 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the recession began.
3 - There are
9.2 million Americans that are unemployed who are not receiving an unemployment insurance check.
4 - In America today, the average time needed to find a job has risen
to a record 35.2 weeks.
5 - According to one analysis, the United States
has lost 10.5 million jobs since 2007.
6 - China's trade surplus (much of it with the United States)
climbed 140 percent in June compared to a year earlier.
7 - This is what American workers now must compete against: in China a garment worker makes
approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour. (In America it is well over $15/hr. My input)
8 -
According to a poll taken in 2009, 61 percent of Americans "always or usually" live paycheck to paycheck. That was up significantly from 49 percent in 2008 and 43 percent in 2007.
9 - According to a recent poll conducted by Bloomberg,
71% of Americans say that it still feels like the economy is in a recession.
10 - Banks repossessed
269,962 U.S. homes during the second quarter of 2010, which was a new all-time record.
You can read the link for the remaining 30.
If the truth be told, much of the bailout money went to Wall Street and major banks to cover their losses from Mortgage Backed Securities they sold overseas and to reimburse those overseas firms that lost money from buying these fraudulent securities. That's why the Fed refuses to disclose where this money went, but the info is on the internet if you look because the media will not tell you this.
Also, the bailout money was created out of thin air and it is the US taxpayer that will have to pay for it.
Face it, we are still in a major depression and it will only get worse from here on out and will make the past 20 years of Japan's "Lost two decades" look like a walk in the park. The media and the government are covering up the truth of the depression and we are NOT in a recovery, nor will we see one. What we will see is more BS and a manipulating of the numbers and Wall Street.
32 states are broke and will need a bailout. Americans do not want to borrow any more money as they are broke and their homes are worth less than what they paid for them. When nearly 3/4's of the US GDP depends on consumer spending, this only spells trouble when Americans stop borrowing and starts saving.
If unemployment is to decrease, pray tell, where are these Americans going to work when all of their jobs have been off-shored? They are NOT coming back for many years!
The Obama administration cannot change this, nor will they, because they take their marching orders from the Fed and Wall Street. Why is the administration and the Fed and the Treasury filled with Wall Street personnel? Think about it and research it!
The Dow will reach 7,000 before it ever hopes to see 11,000 or 12,000. Look at Japan. Since the Nikkei's peak in 1990 at about 39,000, it never, ever, even came close to the highs of then. The same will hold true for the US. As went Japan since it's real-estate bust, so will the US. Look for at least 10 - 20 years before it ever even comes close to what it was in the past.
You can shoot the messenger if you want, but only time and the facts will tell. It's time to take off the rose colored glasses and look at the facts and the facts say things will get worse before they get better.
