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Obama said that the crisis is "going to get worse before it gets better". Talk about understating things. I think it's safe to assume that things are 10 times worse than any of the talking heads will let on.
Obama said that the crisis is "going to get worse before it gets better". Talk about understating things. I think it's safe to assume that things are 10 times worse than any of the talking heads will let on.
It's gotten to the point where they can't hide it from the public anymore.
The alternate sites have all been saying this for some time. If you follow them then you already know it's really bad and going to get worse.
We're not at the bottom of anything yet..the debt is just being passed around like a hot potato between the banks, hedge funds and the government.
The alternate sites have all been saying this for some time. If you follow them then you already know it's really bad and going to get worse.
Amen. I'm so sick of being called a tin-hat wacko because I have an open enough mind to read web sites that publish material that the great unwashed think is off-the-wall.
I have been WAY ahead of most folks financially all the way through this mess. Why? I was warned in advance. They could have been, also...but would never consider the possibility.
what people should be reading is the foreign newspapers online. they are better at getting to the truth than our own newspapers.
this was in australia's paper today: GM spent $US6.9 billion more than it earned during the third quarter. at that rate the bailout money won't last them very long. where was that information in our newspapers?
Just wait until Bloomberg's FOIA request for the names of the companies that the Fed has loaned money to is declined. When the media doesn't get what it wants, it turns quick. Ask McCain.
Why would OP think "that things are 10 times worse " than the "talking heads" let on? I believe that the growth of 24x7 cable news AND THE DEMAND FOR CLICKS that is needed to keep the "lights on" for so many internet sites is plenty of reason to believe that HYPERBOLE is the currency of both...
Perhaps we will see an explosion of "financial subscription news services" touting their founder's superior ability to give advance warning of financial messes. Maybe they'll have names like "The Tin-Hat Prognosticator" or "Grinning Bear Report of Texas" or even "Three Dogs of Doom Letter from the End of the World"...
Personally I feel that we have seen an nearly three decades of enormous expansion of economic activity around the the ENTIRE GLOBE, punctuated by a unprecedented rise of terrorism. The net trend f GLOBAL expansion of prosperity is no where near over. If you ask anyone how comfortable they are with the new tools of continuous electronic information you'll find there is general agreement that the TOOLS have outpaced the ability of PEOPLE to use the information. Despite this we cannot call a global "time out". Capitalism is spreading and evolving, so that MORE markets will share MORE information and have BETTER ability to improve the lives of more people.
Leaders of every country on the planet, save a handful of hideous dictators, realize the importance of investing in value-added manufacturing, sophisticated knowledge based economies, electronic services, global trade and financial markets. Some adjustment are being attempted to address the problems of misstated risks and over reliance on "Government backing" -- truly these adjustments HAVE NOT been implemented.
People need to have confidence in the soundness of their investments. Once steps are taken to restore this confidence, and a more realistic view of how wealth may increase is shared by a majority, things will improve...
Just wait until Bloomberg's FOIA request for the names of the companies that the Fed has loaned money to is declined. When the media doesn't get what it wants, it turns quick. Ask McCain.
I thought FOIA only worked for public companies. Isn't the Fed private?
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