Tag Archives: economic depression

Leaving house price fantasy land

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depressingYou can see them sprouting up all over like toadstools, these FOR SALE and FOR RENT signs. What happened? Take a look at this graph and you can easily determine there was a fantasy land growth Housing Bubble of real estate ‘value’ from about 2000- 2006, otherwise known as The Bush Era minus the last 2 years. The triumphalism is now gone. Bulletin From the Hindenburg- A Housing Crash Update

Why were prices going up anyway when it was mainly junk that was being built, since there is no real quality in the housing built over the last couple of decades and most of it is now solidly and rapidly becoming slum? In fact the item that is most missing from these new neighborhoods is neighborhood.

The housing market was actually overly invested in creating new housing and allowed the old housing to slop into increased disrepair. How many extra ‘habitations’ are there now out actually? Count the signs… There’s just simply not enough money to buy and rent all this overpriced junk. Meanwhile the homeless population will begun to shoot upward!

$7.76 trillion

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This just in from Bloomberg News- $7.76 trillion in guarantees (from the US government) For more about Bloomberg see wikipedia Bloomberg L.P. You heard it from the horse’s mouth and the horse is worried. Will the US Treasury itself collapse under all this give away?

Businessmen gone WILD!

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throwing moneyWorldwide the business community has gone wild as they try to resurrect the declining capitalist world economy by simply throwing trillions of government dollars at themselves to ‘stimulate’ the return of their profit making. EU, China, US unleash global assault on crisis

How many years have Americans heard these same folk exclaim that you cannot fix problems by throwing government money at a problem? What a band of liars, hypocrites, and crooks these people are! These capitalists have always used this refrain to keep from helping people out with government monies, but show no such restraint when it comes to themselves. It’s called the ‘virtue of greed’ by their more ideologically minded sycophants, in fact.

These same businessmen will not deal with real problems the world faces as long as we let them have total control over our world society. In fact they will totally destroy the planet’s ecology if we continue to let them do as they have done, and we will simply not have a planet for an economy of any kind.

Yes, the whole world is watching these businessmen gone WILD! … and the world does not like what it is seeing. Simply put, people are tolerant and will sit back passively and do nothing if the capitalist ship’s keel is righted, but this gigantesque toss of trillions of dollars to the super-rich has no guaranteed success ahead since no real problems of world economy are actually being addressed in any meaningful manner. The boat might become temporarily stabilized once again (a BIG IF???), but a world capitalist economy based on warfare and the destruction of Nature will not sail for that much longer in the stormy seas that world capitalism itself is making. It will capsize itself.

Yes, Big Business has gone totally wild and they have done it before, People. And when they went wild in previous eras the price common folk paid was horrifying. We have some grim times ahead and realistically we must sit back and wait, until people simply begin to wake up to what is happening to them. The tsunami approaches, and with it comes world depression and yet more US government created war.

The US depression torpedoes the US medically sick ‘Health Care’ System

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doctor doomToday, Wall Street broke 8,000 going the wrong way… DOWN. Tomorrow will it be 7,500 on the road to national bankruptcy? Who knows. But one thing is for sure, the already sick US Medical System is going down alongside the US stock market and companies like Fannie Mae and General Motors. Report: Economy is sickening US hospitals. Data shows decline in admissions and increase in patients who can’t pay. Don’t get sick!

And don’t get old either… since Uncle Sam will now just let you flounder if you do. The US economic depression is torpedoing the US For-Profit Medical System and so far nobody in government has much of a plan to do anything about it. How much ‘bailout’ money is there left from your taxpayer’s money?

So what are the more alert companies doing about staying afloat? Why they’re heading to Mexico! See Newsweek’s report Ultimate Outsourcing Now, Mexican medicine What a deal, right? If you or somebody in your family gets hit by a car and don’t have insurance because you don’t have a job, then take a trip Far South! If you have any savings still? A big IF????, I know.

You might want to check out the US’s Christus Hospital Chain for where to go to a hospital in Mexico? They’re a US outfit building new hospitals all over Mexico like mad, to help take in those fleeing American citizen refugees from the lack of a functioning US Medical System! That’s right! Not only are the American patients running off to Mexico, but so are the US chains of For-Profit hospitals, too! Que bueno! Y que pendejada tambien… Isn’t this all rather sick?

Alan is shocked!!!!!

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alan-greenspan
Alan Greenspan represents more than any individual anywhere, the bipartisan fact that there is no real difference between the 2 chosen parties of our corporate dictatorship here in America. Let’s fact, it… Greenspan has been the darling of both the Democratic and Republican Parties for a very long time now. He’s The Man!

He has been running the economic show that has now put the world capitalist economies in tail spin, you and I on board. Poor Alan is shocked!!!!!! Poor Old Alan… He’s shocked!!!!!! He says he just doesn’t know any more. He’s shocked!!!!!!

This guy really takes the cake, now doesn’t he. He was held up to the level of Jesus Christ in the eyes of the American monied class who held him high above our heads as some great genius know-it-all, and now his temple is shaking in its foundations. Remember these slime balls celebrating when their Cold War spending crashed the ex Soviet Union? Remember them not giving a damn about what they did to the Russian people? Remember smug old Alan?

In spite of all these croc tears and croc shock by the like ilk of Alan Greenspan, they will give about as much a damn about you as they did about the Russians. They don’t give a damn about you and the rest of Working Class America anymore than they cared about the Gooks and Ragheads (their words for them, not mine) they screwed over to make their super profits. I take that back, they are actually worried more about you and how you might soon grow to hate them passionately. Got it? Alan is shocked!!!!!

But he’s 82, damn him, and now there’s not much justice we can do for him… He wants forgiveness does he? Who knows? He simply has no god beyond money…. just our money that is now just so much trashed out planet. Alan is shocked!!!!!!! And so is the planet.

Spending money you don’t have to pay for the debts

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cash geometryU.S. budget deficit swells to record $455 billion Need a Trillion $$$ for the troubled Big Guys? How about spending almost half a Trillion $$$ this year you don’t have in hand, and then do the same in 2009!!!? Let’s see now???… 1/2 Trillion $$$ PLUS 1/2 Trillion $$$ equals????
Yeah, that’s right! It equals an Economic Bailout Plan! These guys are geniuses!

And now for some more math! The Dow almost broke 15,000 a few years back (2). Now it’s headed for 7,500. 7,500 is about half of almost 15,000, if my calculator is doing this right? Yep! These guys are geniuses!

Stock markets shoot up as European give aways to super rich go online

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champagneThe European countries more than matched the US government give aways to the super rich and as a result, the markets everywhere are celebrating this Grand Theft Robbery today. Wall Street soars 11 percent on bank rescue and Morgan deal

The kingpins think everywhere that its once again clear sailing for them. However, there is eventually a big price for them to pay for all this, as the common folk everywhere will have to begin to suffer because of these handouts of their money, their work, their children’s futures to these financial and government vultures.

With this suffering will come a rising anger about these gargantuan robberies of national and international wealth, when the people themselves need these funds to make a decent society. Never post WW2 has the system of private property run by the super rich spun itself so totally into the wrongest directions. Dead now is the idea of inter-class cooperation within the capitalist markets of the imperialist nations. Many will still support the super rich no matter how far they go with their criminality, but the foundations of that support have been severely undermined.

Further, since no real correction of any of the main problems that the world economy has faced have been put into place, all that has been bought is the smallest increment of time for the capitalist governments to regroup. These markets are eventually going to collapse again, and when they do, what will then be left for the rich folk to plunder to keep their pyramid schemes afloat? Nada.

Troopergate Verdict and Depression sink McCain down to his knees

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troopergateObama has covered himself by being even more aggressive towards Iran than the Bush-McCain Klan are. That is meant to deflect the October Surprise if Bush and Israel decide to attack Iran before the US presidential election. Meanwhile, Troopergate and the Economic Crash have put a stake into the heart of The Old Vampire, John McCain.

Obama opens double-digit lead as Palin under fire The Northern states’ business community is about to take back direct control of the White House away from the Southern states’ business community once again.

America’s business community as a whole remains quite split which has kept it somewhat close in the polls for McCain. But this time around, they are not about to let the Southerners stalk off with a marginal ‘victory’ once again. There is just too much at stake as European business support for the US has become seriously loosened by the Bush Administration belligerence and unilateralism. America’s leadership at the pack of world wolves is slipping fast, and the less rabid amongst the business community know that.

An attack though in the next weeks on Iran would throw all calculations into a swirl. Would it still be able to work to McCain’s favor? We cannot truly know for sure, but it actually at this point, might just appear to be way too obvious an election ploy to work well? We shall see….?

Republican rout is now in the making- The Republican Swan Song by Conjunto God is Dead

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god-is-a-republicanObama is way out in the lead and pulling away from McCain fast! See RealClearPolitics for summary of multiple polls that show this. Saying this in no way implies that the Republicans will be routed out of the Deep South and Sunbelt/ Farm belt rural areas of the country.

Take another look at RealClear’s electoral map of the race McCain is now out of the running in Pennsylvania and without that state, even winning in all the battleground states still would not be enough to put him over the top. With the economy crashing, his support will be slipping further in places like Colorado, Ohio, Florida, Indiana, and Missouri, all of which are places he absolutely has to win.

People blame the Republicans much more than they do the Democrats for the economic mess. I find that to be a rather doubtful conclusion on their part, but still… it will work against McCain and will work to keep in check temporarily the racism of many so-called White ‘Independents’.

Time is running out to initiate a dirty trick October Surprise by the Bush-Cheney gang. They, it turns out, are actually the victims of the October Surprise this election. The 2008 October Surprise is the world wide Economic Depression just now getting under way. It seems that the economic fall just could not hold itself back until after the American elections. God just was not on the Republican side this time around. Satan was…

And now for some music for and from the losers here…

The Republican Song

Democrats and Liberals, shame on you,
don’t punish us all just to please a few,
Your holdin people back while we’re pickin up the slack,
and that’s why we can’t vote for a Democrat.
Oh no, a no, no, no, no, no, no…
Oh no, a no, no, no, no, no, nooo…
Yeah, your holding people back, while we’re pickin up the tax,
Oh no, no please don’t vote for a Democrat.

Now we’re trying to win a war and wipe out the terrorists,
We’re not fightin for oil we got plenty if we drill it.
But the liberals and the media are spreading their lies,
Get the hell out of our way and let our soldiers fight.

Please Don’t Vote for a Democrat! Pretty stupid song, ay? But funny as Hell! Kind of a ‘Folky going to Turkey’ sort of update on that ancient Merle Haggard hit.

Time to use the word DEPRESSION again

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One of the most ridiculous of the utterly false and phony positive thinking talking points used by the US’s Right Wing corporate daily press and the talking heads of their TV stations is their constant babble about whether we have entered into a ‘recession’ or not? The correct word to be used is depression, it ‘s an ECONOMIC DEPRESSION we have been entered into worldwide, and there is nothing left to debate about it either. It’s here. End of discussion. Go take a hike, Clowns@!

Today, stocks fell almost 7% and that now is a drop of about 25% from the DOW all time high just 2 years ago. That is a depression. Further, this Friday morning Japanese stocks have already fallen 11% of their value in just a few minutes of trading. That is an economic depression.

Let’s cut to the quick on this. Bush and his clown clones are through. They are out of here. This presidential election will turn out to be a rout of McCain/ Palin, because they are more of the same, and The Same just flushed itself down the toilet via a whole shitload of corruption finally coming home to roost. But there is yet more here than the rout of the neocon corruptionists that will occur. If we in America are fed up with this crew, the rest of the world is even more so.

Yes, the rest of the world is going down the drain with us and our stupid economy where thieves rule the rest of us. They are going to hate the US for the misery we have delivered them into. In fact, they already do. Afghanistan to Iraq to Somalia to Pakistan and flush, flush, flush. They can put it together, even if your dumb Republican neighbors can’t.

It’s time to use the word depression once again, because we alhough we all thought the thought that ‘communism’ self destructs, we had all but forgotten that capitalism does just that in an even much worse way. We have been entered into a worldwide economic depression by all those that fed us the total line of crap that it was all running so very smoothly. Pompous stupid, arrogant twits they were, and now the world has once again had its eyes opened to the dangers that capitalism constantly puts the human race into. The unemployment to come will soon see to that.

The rich everywhere will say that The Treasury has no money to stop it. You can bet your 401K retirement funds on it! And the whole world will correctly blame the US government, AND the stupid American people themselves, for what is being done to them. Get used to really being hated, My Friends. And we will be hated rightly so, for playing stupid so long.

Good luck, Democratic Party. Just because everybody holds the Republican Party to be hugely responsible for this mess, don’t think that they won’t also begin to see you as the Republican’s cohorts. Hell! That’s what you have always claimed to be actually, isn’t it? People played stupid though and didn’t take you people at your own word. You are now in a BIG, BIG, BIG… BIPARTISAN MESS. We got it. You earned it!

Yes, it’s time to once again use the word DEPRESSION once again. It will be hard on us all (save the Capitalist rich who always profit off human misery).

The crash continues as American people go into shock

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dangerousLast week we saw most of America go into shock as the stark reality of the US not having a real opposition party became evident. The Democratic Party actually led the rush to pass Bush’s $700 billion giveaway to the rich Bill into law, and it was actually the Republican party that posed the minor stumbling block to getting it done. The American people were almost completely left on the sidelines as a result of simply never having constructed a major opposition party to the Two Party Big Business dictatorship that US is run under.

This week, the show has already begun again, as stocks begin the week by crumbling throughout Asia, Europe, and North America. Nobody is fooled internationally by the $700 billion dollar American give away legislation. Germany had to even copy the US government with their own give away bill, too, to the banks. Germany moves to shore up bank confidence And the Euro appears to be in as bad a shape as the dollar is in world currency marts, sliding in relation to the dollar!

Everywhere they talk of a stampede as stock values and currencies crumble. They talk of panic and they talk of crisis. The US stock market continued down this AM and everywhere there is a sense of impending doom. Hard times are now being made by the financial sectors for all of us, as unemployment rolls rise, production drops. The crash continues as the American people go into shock.

Liberals cry out for ‘Regulation!’

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Government regulationsDemocratic party-tied websites are spouting much the same analysis of the current economic crisis, which is simply that in their point of view, capitalism is great, it just needs ‘regulation.’ Give us a break, People!

The US Capitalist System is greatly regulated and you guys backed a political party that helped regulate it, in league with the other party. Liberal Democratic Party voters seemingly want us to forget that their party has regulated The System for a century PLUS now! And once again, their regulation has produced chaos and uncertainly.

It takes a lot of gall to demand something that your politics have been doing all along, which is that we ‘regulate’ the economy! What is really being demanded now by your Party leadership is more tinkering through the same old regulations, instead of proposing something different. It is your regulation that is every bit as much the cause of where the US economic system is today, as under the regulation of the Republicans. Alan Greenspan was your dog as well as theirs!

The regulatory system was basically to have the companies police themselves, and this was a policy of the Democrats every much as much as it was of the Republicans. A capitalist supporting government will simply turn over all regulation to its own corporate leaders. To propose that a capitalist government do something else is utterly meaningless.

So shout out ‘Regulation’ all you want, and it will not lead to anything than what was already being done, and is being done at this moment. The thieves will regulate themselves unless that power is taken away from them, something that the Democratic Party utterly opposes.

WaMu shares fall from $39 to $2 in one year

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wallstreetThe Domino Theory at work! Next to fall- Washington Mutual. Nothing related to Vietnamese Communism at all, but to American capitalism itself.

And what does Wall Street and Washington, D.C. advocate now? Why socialism! They advocate socialism for themselves,The Rich, where profits are privatized for the super elites and losses are socialized for the poor to pay the costs of bad business dealings done by private owners. They call that ‘bailout’.

So if we are to have this form of socialism in place in the US one begins to wonder about having a much different form of Socialist Movement return to the scene, where benefits are privatized and the super rich must pay their fair costs to a society that they have been looting from? Well why not? Why should government always be benefiting only the rich, where corporate corruption allows Big Business to seize control of the government to use only for themselves?

Also, we need to ask ourselves whether Big Business will ever care for Nature? The answer seems obvious that NO it will not, since looting nature is part of the essential business ethic of making profit for owners at the expense of others (workers and Nature).

Yes, Socialism is back and we need to see that it is not the National Socialism of the rich for the rich that shall predominate, but rather Socialism of those who do the work for those who do the work, that is put into effect. Because one way or the other, it is what’s now on the agenda. After WaMu, which next? The corporate-run government is bankrupting itself to stop bankruptcy! The FDIC will have to spend another $20 billion if this bank blows bringing itself almost to the point of insolvency. The money for bailouts and bankruptcies is not endless.