08-21-2010, 01:03 PM
ASIANS are HOARDING THE MONEY!
BIGGEST THREAT TO U.S. and THE WORLD.
Ever made a DOLLAR from an ASIAN! NO and NO
http://finance.yahoo.com/tech-ticker/and...35350.html
I agree with you Mr. Gerald Celente that we are steadfastly headed into the Greatest Depression ever ! I have observed the following Trends. Our Fiat currency has been devalued into oblivion and by the way we are not on the Gold Standard. The US Constitution mandates Gold as legal tender. Our current denominational bills are all Federal Reserve NOTES. NOTES are IOU's that are not backed by GOLD certificates so therefore you cannot go to any bank and cash in your bills and demand GOLD. Our money is useless and is not worth the paper it is printed on. We are currently in a deflationary period account of economic contraction account of consumers are not buying any goods and manufacturing has excess inventories.
As a result of this we have massive layoffs and massive unemployment and to top that off Banks are not loaning back the money they hoarded from the bailouts back to small businesses to create new jobs. There has been no trickle down effect of money getting back in the pockets of consumers on Main Street. The Large Banks and Wall Street in this charade are deliberately driving down the prices and earnings of small companies to eliminate competition through bankruptcies and merger acquisitions monopolizing Cartels. Credit contraction has been deliberate by large Banks in the refusal to make loans available to small businesses. The second wave of derivative ARM product mortgages are just about to reset starting the process of a new wave of home mortgage foreclosures. Home prices continue to drop along with equities in homes.
Commercial real estate foreclosures continue to rise. The home loan volunteer mortgage modification program is a charade that is not working. Wall Street just took a big hit and the dreaded W is upon us. The Bond market is in a Bubble and it will pop ! A third World country will default on its credit that will start a domino effect that will erupt into a Worldwide depression. Inflation will be rampant and shortages will exist for goods account of demand now exceeds the capacity to manufacture goods thanks to the massive layoffs and downsizing. Now than we have to look at Iran and wonder about the what if with Israel and also look at North Korea and wonder about the what if with South Korea.
As we speak the Central Banks along with Wall Street are doing a little trading after the closing trading hours on the New York Stock Exchange to manipulate the price of Gold and try to hold it down ! Now than since you can see the whole picture it is very easy and clear to see all of the Trends.
BIGGEST THREAT TO U.S. and THE WORLD.
Ever made a DOLLAR from an ASIAN! NO and NO
http://finance.yahoo.com/tech-ticker/and...35350.html
I agree with you Mr. Gerald Celente that we are steadfastly headed into the Greatest Depression ever ! I have observed the following Trends. Our Fiat currency has been devalued into oblivion and by the way we are not on the Gold Standard. The US Constitution mandates Gold as legal tender. Our current denominational bills are all Federal Reserve NOTES. NOTES are IOU's that are not backed by GOLD certificates so therefore you cannot go to any bank and cash in your bills and demand GOLD. Our money is useless and is not worth the paper it is printed on. We are currently in a deflationary period account of economic contraction account of consumers are not buying any goods and manufacturing has excess inventories.
As a result of this we have massive layoffs and massive unemployment and to top that off Banks are not loaning back the money they hoarded from the bailouts back to small businesses to create new jobs. There has been no trickle down effect of money getting back in the pockets of consumers on Main Street. The Large Banks and Wall Street in this charade are deliberately driving down the prices and earnings of small companies to eliminate competition through bankruptcies and merger acquisitions monopolizing Cartels. Credit contraction has been deliberate by large Banks in the refusal to make loans available to small businesses. The second wave of derivative ARM product mortgages are just about to reset starting the process of a new wave of home mortgage foreclosures. Home prices continue to drop along with equities in homes.
Commercial real estate foreclosures continue to rise. The home loan volunteer mortgage modification program is a charade that is not working. Wall Street just took a big hit and the dreaded W is upon us. The Bond market is in a Bubble and it will pop ! A third World country will default on its credit that will start a domino effect that will erupt into a Worldwide depression. Inflation will be rampant and shortages will exist for goods account of demand now exceeds the capacity to manufacture goods thanks to the massive layoffs and downsizing. Now than we have to look at Iran and wonder about the what if with Israel and also look at North Korea and wonder about the what if with South Korea.
As we speak the Central Banks along with Wall Street are doing a little trading after the closing trading hours on the New York Stock Exchange to manipulate the price of Gold and try to hold it down ! Now than since you can see the whole picture it is very easy and clear to see all of the Trends.