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What do you think, Are we coming out of the recession?
Do you think we are coming out of the recession? If not, is the recession getting worse, or is nothing happening? And if you think it’s getting worse, do you think the U.S. will ever come out of the recession?
The recession is bigger than the national debt… we are no longer a production based economy… hence… there can be no recovery. The only assets we have left are our savings and our property. The talking heads regurgitate the jobless recovery drivel… doublespeak a quarter of a century removed.
Gold is hovering around $1200 dollars per ounce and the U.S. dollar value index is in no mans land… looking to fall below 70%… this has long been a sign of hyperinflations point of no return. The Federal Government quit reporting the growth in money supply as of March 2006.
We are systematically being looted just as the Germans were during the Weimar Republic… just as the bourgeoisie were looted under the Bolsheviks. In fact we are bloodletting via the very same proboscis… our central bank descends from the same banking houses who routinely cull out the middle class.
The banks want our insolvency… their luxurious lifestyles… their hunger for power is satiated when we are deeply indebted to them. The debtor is slave to the lender… the more we are leveraged in debt… the less leverage we have to buck the system. This is why they want our savings and our property… wealth cannot accumulate generationally… on the one hand… on the other hand… if we are dependent upon a lord to house us… we are less likely to upset this lord… our lives would depend upon our obedience.
We’re not coming out of recession… we are rushing headlong over the cliff. I am afraid it is too late to change our course… the best we can hope for is that those who survive the fall finally learn their lesson.
Technically it is over because certain economic indicators point that way, but we still have a ways to go to complete recovery.
Unemployment will remain a problem for quite awhile.
If we didn’t have so many people on welfare and medicaid that didn’t work (AND pay the taxes…) then part of the problem would take care of itself. But right now we have a ton of non-citizens reaping the benefits our country doles out left and right. And even a lot of US citizens who are reaping the benefits but not paying the price. We have to stop letting them get away with it.
You have no idea what you are talking about kdsmm. The economic down turn has nothing to do with welfare. It has to do with bad banking and lending practices that was allowed to happen because of deregulation. This was the result of 28 years of reganomics.
Bank bail-outs and expensive, pointless vaccines are putting our nation in more debt by the second.
ellieboo11, the bank bailouts were signed into law by Bush, not Obama. What do vaccines have to do with anything?
Regardless of what all the financial number juggling says, unemployment is the bottom line, and although it looks like unemployment has stopped increasing, that isn’t the same as saying that it’s decreasing. Look for a decreasing trend in unemployment, and then you’ll know the worst is probably over.
This is a depression and it will keep getting worse till the dollar is stopes completely my advice, buy gold your dollars will not be worth squat soon enough o ye and End the Fed
It’s getting worse in some areas, and improving in others. The areas that have taken the steps to stop spending and hold on to their assets have improved- my town, Colorado Springs, for example, has started sloping up after a ton of really painful cutbacks. Of course we’ll come out of it- there have been several recessions since the Great Depression and we’ve been fine… we just have to stop spending money willy-nilly. If we didn’t have so many people on welfare and medicaid that didn’t work (AND pay the taxes…) then part of the problem would take care of itself. But right now we have a ton of non-citizens reaping the benefits our country doles out left and right. And even a lot of US citizens who are reaping the benefits but not paying the price. We have to stop letting them get away with it.
Hard to be optimistic when the real jobless rate is over 17%. Nobody really knows where jobs for those people are going to come from.
This recession did quite a bit of damage to the U.S. and global economy. I think recovery for the U.S. will be very slow and sporadic.
Well in my personal opinion, it’s getting worse and worse by the day. Obama’s not helping. Sorry to the Democrats, no offense I’m hardcore Conservative. Bank bail-outs and expensive, pointless vaccines are putting our nation in more debt by the second. It will take years to fix the damage and debt caused by our government and former presidential administrations. But that’s just my opinion.
The recession is still with us…unemployment goes up every month, not down…inflation is looming in front of us…new taxes haven’t kicked in yet, but they’re going to take a BIG bite out of everybody, not just the rich…
So no…
p
I thought the US was technically out of recession? Hail Obama after all?
I think we’re getting better. so we’re getting out of it. lol
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