Are We Facing a Jobless Recovery?

By
Tuesday, October 13, 2009 at 6:00 am
Federal Reserve Chairman Ben Bernanke (WDCpix)

Federal Reserve Chairman Ben Bernanke (WDCpix)

Federal Reserve chairman Ben Bernanke announced last month that the recession was “likely over” and that the economy was in the early stages of a recovery. The problem is, many Americans don’t look around and see a recovery due to the still-abysmal unemployment rate. What’s scarier is that those numbers are probably going to get worse before they get better. The Congressional Budget Office predicts unemployment peaking at 10.2 percent next year and remaining at a very high 9.1 percent in 2011.

Illustration by: Matt Mahurin

Illustration by: Matt Mahurin

“What people care about is numbers that affect their lives — employment, pay, housing. The story in almost all those cases looks bad,” said Dean Baker, director of the Center for Economic and Policy Research. “In one sense the recession will be over, but for all practical purposes, it still will be a recession for most people.”

In other words, we’re looking at a jobless recovery. “What it means is that the economy is recovering for Wall Street and business profits but it’s not distributing that prosperity effectively, and that’s not the recovery we need,” said Andrew Stettner, deputy director of the National Employment Law Project. “It’s not a true recovery until it lifts the fortunes of average Americans,” he added. Waiting for that could take a while: the Congressional Budget Office estimates it could take another five years to get back to America’s pre-crash unemployment rate.

Unlike recessions from roughly the end of World War II until the 1980s, a bounce-back in U.S. jobs isn’t going to come from the nation’s giant manufacturing sector cranking itself back up. While America still does produce goods both for export as well as for consumption at home, the 20th-century manufacturing-based economy has shifted to a service-oriented one, and roughly 70 percent of our economy these days is driven by consumer spending. As a result, recent recoveries have tended to be jobless ones in which the employment rolls take much longer to catch up with the rise in GDP that signals a recovery. After the 2001 recession, it took 17 quarters — more than four years — for the labor market to recover.

The severity of this recession as well as the enormous number of jobs lost is already creating a strain on the nascent recovery, and experts say it presents a number of challenges for average Americans as well as policy-makers. One of the most glaring is the issue of health care. The importance of the ongoing health care debate — and the need for reform — is highlighted by the plight of the unemployed when it comes to health insurance.

Currently, laid-off employees are eligible to remain in their employer’s group pool through the COBRA program for up to 18 months. Historically, many people who lose their jobs turn down the COBRA coverage because it requires individuals to shoulder the entire cost of the premium by themselves. In an acknowledgement that this is no ordinary recession, the federal $787 billion stimulus package includes a provision providing unemployed workers with a 65 percent subsidy of their COBRA premiums for nine months.

This is unprecedented, and yet many economists say it’s not nearly enough. “A lot of the people who start being unemployed aren’t reemployed after nine months,” Burtless said. The number of Americans on the jobless rolls for months or even years at a time is already swelling and expected to grow, which means it’s increasingly likely that the unemployed will run through their COBRA benefits by the time they land a new job. Even if a worker is lucky enough to land a job that includes health insurance (which is no guarantee these days, either), restrictions on pre-existing conditions kick in, leaving an untold number of Americans without a healthcare safety net.

Health insurance isn’t the only issue, though. “It’s a desperate situation because it’s going to be long term,” warned CEPR’s Baker. “Today you have people getting benefits, but people might be out of work for two or three years, and we’re not set up for having high rates of unemployment.” Baker points out that other developed nations are better equipped for a situation like this because of programs like long-term unemployment insurance, housing assistance and health care.

Prolonged unemployment is a double-whammy for those stuck without jobs for extended periods; not only are they out of work, but when the economy rebounds, they’re more likely to be passed over by the companies doing the rehiring in favor of people who have exited the workforce more recently. According to Lawrence Katz, a professor of economics at Harvard University, the unintended consequence of this escalation will be to push more workers into disability and early Medicare programs. “That becomes the only option and the difficulty with that is once people go on disability programs they basically never leave, which becomes very expensive,” he warned.

Benefits like unemployment payments are also facing a similar strain that’s likely to get worse before it gets better. Right now, laid-off workers in the states most severely impacted by the recession can draw up to 79 weeks of unemployment benefits. As with the COBRA subsidy, this is already an extension above and beyond the norm, but it’s not clear how much more of an appetite the federal government has to subsidize long-term joblessness.

There are a couple of encouraging signs that the government does understand the severity of the problem and is taking steps to address it. Support for a payroll tax credit, one oft-cited measure for increasing employment, is gaining support among both parties in Congress. One suggested version would give companies a credit of double the payroll tax for every employee hired or converted from part- to full-time. “We did a new jobs tax credit in the ‘70s that had some impact,” said Harvard’s Katz, adding that a broader wage subsidy would have a similar impact on the private sector but also offer employment support to nonprofits, as well.

The government could take a more direct role in boosting employment, Brookings’ Gary Burtless suggests. “I expect that if job creation is very anemic on private payrolls and continue to have a Democratic administration, there’s going to be a lot of initiative to somehow increase the share of the government’s stimulus efforts on job creation.”

It’s also possible that job-creation programs in stimulus bill may yet play a role in shoring up payrolls, although even pro-stimulus economists think that role will be minor. “It’s probably to date created between 700,000 to a little over a million jobs,” said CEPR’s Dean Baker. “It will make more of a difference, but it’s not big enough.”

There are still a couple of factors that could turn the tide in workers’ favor. Andrew Stettner points out that the stimulus-led investment in clean energy and “green” technology has the potential to put the U.S. back in the manufacturing game. “Right now, we’re borrowing and consuming. We need to move our economy more broadly to producing and inventing by investing in it to make it more competitive,” he said.

On a somewhat grimmer note, if America’s recovery lags behind that of our major trade partners or if the dollar is weak for a prolonged period, a surge in demand for exports could be a silver lining for the employment rate. Similarly, inventories in this country have been pared down so far that a big uptick in demand could lead to hiring, but since so much of what we consume comes from overseas, any employment boost there would be shared with other countries.

The worst-case scenario, says Brookings’ Gary Burtless, is that we experience a recession on par with the very steep one in 1981-82, but without the jobs recovery that followed. If this happens, Andrew Stettner of NELP predicts a societal fragmentation of nearly unprecedented magnitude. “I think you’ll start seeing a divided consciousness between the haves and have-nots by next year. Those who did lose their jobs and their savings will be increasingly isolated.”

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slonob
Comment posted October 13, 2009 @ 12:26 pm

A jobless recovery is not a recovery. It's like negative growth. Quit perpetuating the double-speak of corporate new media.


barbnj
Comment posted October 13, 2009 @ 10:55 pm

What recovery???
We are still jobless and homeless. Our children are starving, lights are out, telephones & internet off as well. We have no money to physically look for jobs or look for them via internet. In addition, how does a potential employer contact us? We are stressed and developing mental health issues, not to mention crime levels are spiking and will continue to until there is some relief. More jobs will shut down or downsize as a result of no one spending. Seasonal jobs are beginning to increase the unemployment numbers and still no hope or concern from our government…namely the senate. They continue to discuss bills that will not go into affect for years, yet the emergency unemployment extension proposed has been revised and named several times as an attempt to avoid. As if it will go away…it will not. We (unemployed workers/Americans) demand the courtesy and concern that our government gives other countries experiencing a crisis. This is a crisis, we have nothing!!!! ACT NOW……..we demand you!! Today we need help, not next week or next month. How dare you even think of enjoying the holidays all cozy with your families, great food, heat, and gift exchanging; while, hundreds of thousands of Americans who have worked all of their lives, will not even be inside for the cold weather and holidays. BEWARE of the next election!!!!!!! We are outraged, at the total lack of concern from the US senate!!!!!!!


curtis
Comment posted October 14, 2009 @ 3:24 am

I live in a lower unemployment state so we did not get the last extension. fewer people got laid off here but that does not mean anybody is hiring. I have been unemployed for 11 months. My unemployment ran out after 8 months I will soon be living in my car. The senators have voted themselves a lifetime 5% raise since my unemployment ran out. They don't feel the pain. I have worked steadily for 30 years but now I am being thrown out.


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triathlon
Comment posted October 15, 2009 @ 12:52 am

PLAYING CHICKEN WITH THE DOLLAR!

[Playing Chicken]

Now, we have been watching the game being played by the American-Israeli Empire, the Imperial Media Messiah President and Fed boss Ben Bernanke thru the eyes of Ye Xie in New York at [yxie6@bloomberg.net]; Anchalee Worrachate in London at [aworrachate@bloomberg.net], Paul Tharp, and Robert Fisk, and these guys are pretty shape at reporting what is going on with the Empire Dollar and the [21st] Century Era of a Diversified/Multilateral Currency Regime. And, it seems that old Ben is playing the Euro against the Yen, betting it is once again that the Dollar is to Big to Fall, especially with the debt that the Empire has built up, and that either the Peoples Republic of China, an its [Sphere of Economic Influence] will step in to prevent the total collapse of the Dollar, which this time they only slowed its slide but did not provide a foundation of support, would once again step in or the [EU] European Union Euro would step in to prevent it Dollars collapse, playing Chicken with both Currencies. If the Dollar goes down boys, your both going with it.

[The Meeting That Never Met]

The [BBC] British Broadcasting Company had Robert Fisk on there television reporting from the Far East as they slowed the slide of the Dollar. And, Fisk reported that there had in fact been leaks about meeting concerning the replacement of the Dollar as the base currency by the [21st] Century Era of a Diversified/Multilateral Currency Regime. Now, according to Fisk everyone was denying that any such meeting took place officially but unofficial sources, had verified that they had been taking place for sometime in various locations, with various nations, much as the Empire Founding Fathers has done a few here a few there, but ending up with the plans for a new deal. And, the boys aren’t playing chicken they are deciding just how long the chicken is to be cooked [24 or 72] months or [2 or 6] years.

[Door Number One or Door Number Two]

So, the price is right and what do we have behind door Number One or Door Number Two, for our boy Ben;

[Door Number One]

Behind Door Number One: [RECESSION] Ben could stop printing trillions more new Dollars and Bonds, while at the same time pulling back in the flood of toxic stimulus Dollars that were spewed out poisoning both the Empires Economy, and the global economy. By raising the interests rates of money loaned to banks from [0%] Zero percent, interest to the high single digits, between [5% to 9%] Five to Nine Percent Interest. The effects of which will be that the stalled housing market will become a crippled housing market, and the stock market will be clobbered most economists see the [NYSE] New York Stock Exchange in the [6K] Six-Thousand range, with Empire economic growth stopped. The good news is it would allow the Empire until [2016] before the new [21st] Century Era of a Diversified/Multilateral Currency Regime, would take over driven by the [Spheres of Influence] of the [21st] Century, the [BRIC] Brazil, The Russian Federation, India and China, the [EU] European Union, and the German & French Alliance, giving the Empire time to get its Economic House in Order.

[Door Number Two]

Behind Door Number Two: DOUBLE OR TRIPLE DIGIT RAVENOUS INFLATION, if old Ben plans to just keep printing and spewing out more toxic stimulus Dollars and Bonds tolerating a weaker devaluing Empire Dollar in an effort to boost Empire exports and hoping the at the same time to stimulate a lagging Empire Economy, but this time increasing the debt by and killing the Empires Economy, and poising the global economy, keeping the interest rates charged banks at [0] Zero, and sell more debt in Bonds, Bens solution being to offer more attractive, higher interests rate of return on worthless [T-Bill / Empire Terrorism Bills/Bonds] trying to lure foreign investors, increasing the Empire’s Debt. As the Empire continues spending taxpayer’s and foreign investors borrowed funds, far and beyond Empire limits, continuing to spend with Champagne Taste on a Beer Tax and Borrow budget. But even those foreign investors have been scared off, driven off and away, from purchasing worthless Empire Treasury debt, in the form of [T-Bill / Empire Terrorism Bills/Bonds] which have only contributed to the devaluation of the Empire’s Currency, and once again increasing the debt, just how much worthless paper can any foreign investors governments economies afford to underwrite. Basically continuing the game of Chicken with the [Spheres of Influence], You guys have so much of my debt you can’t afford to let the Dollar Collapse, were the [Spheres of Influence] are saying we can’t afford not to or your continued actions will bring us all down. The Bad New The [Spheres of Influence] will be forced to implement before the new [21st] Century Era of a Diversified/Multilateral Currency Regime, not later than [2012], with a hard landing of the Imperial Dollar, not allowing for House Cleaning Time.

Diversified/Multilateral Currency Regime

The [21st] Century Era of a Diversified/Multilateral Currency Regime would be made up of GLOBAL NUMERAIRE CURRENCIES [Euro, Pound Sterling, Japanese Yen, and Chinese Yuan], and hard currency [Gold, Silver, etc.], the trade-weighted basket would include [Oil and Mineral Currency-The Russian Federation], [Food Production Currency-Brazil], and [Production Currency The Peoples Republic of China/India], which has arrived, Financial Reporter Robert Fisk is wrong about the time frame it will [NOT] be [2016] is will be within [2012] at the outside that the [PROJECT THE TRANSITION] will have been completed, the Era of Pox Americana, the End of the American-Israeli Empire, the [BRIC] Brazil, The Russian Federation, India, and The Peoples Republic of China, and the German-French Alliance, and the (EU) European Union, will be the [SPHERES OF INFLUENCE OF THE 21ST CENTURY] The Era of Pox Americana is over, the American-Israeli Empire is over and the Imperial Media Messiah President is the period at the end of the last sentence of the last paragraph of the last chapter of that Empire, THE END!!

HERCULE TRIATHLON SAVINIEN


barbnj
Comment posted October 15, 2009 @ 9:42 pm

Please someone hear our voices and recognize that this unemployment matter is critical. We (unemployed American WORKERS) have lost our jobs and our safety net (unemployment insurance). We have lost our homes, apartments, cars, utilities and have no food to survive. Most of us have resorted to selling our belongings just to try and make it through until the senate finally makes a decision to pass the emergency unemployment extension H R 3548 that we so desparately need. How in the world has this been prolonged for as long as it has. Do they not recognized that we have worked all of our lives and that we are in this predicament due to their poor decisions over the years and not a direct result of our actions???? It is time to treat this matter like the emergency that it is. TODAY, NOT TOMORROW!!! Stop sipping coffee and acting calmly about this situation because it does not affect you (senate). You help other countries yet you can't help us…what type of craziness is this???? You are in positions to make these decisions because we voted for you and trusted you. Well, that is out the window now and no matter what the outcome….we will remember your names (opposing this bill). Do you really want to commit political suicide?? Do you really think that we are not smart enough to recognize who doesn't care and who does??? Help your people, now!!!!!


triathlon
Comment posted October 23, 2009 @ 12:49 am

OCTOBER

(The Good Stuff)

Now, on (http://www.wikipedia.org.) October is defined as the tenth month of the year in the Gregorian calendar and one of seven Gregorian months with a length of 31 days. The eighth month in the old Roman calendar, October retained its name (from the Latin “octo” meaning “eight”) after July and August, after Julius and Augustus Caesar respectively; when the calendar was originally created by the Romans. October is commonly associated with the season of autumn in the Northern hemisphere and spring in the Southern hemisphere, where it is the seasonal equivalent to April in the Northern hemisphere and vice versa. In common years January starts on the same day of the week as October, but no other month starts on the same day of the week as October in leap years. Now, there are a lot of great things going on in October and some not so good. The German Oktoberfest in Lake George Wisconsin is something no one should miss out on in their life time, as far as the designated driver, pitch a tent and sleep it off. And then there is the Irish version of the Spanish (Dais de Los Muertos) Day of the Dead, Halloween, October is also the month of Libra the Lovers, and the balance, sort of like Independents, two scales and we tend look at thing and place them on the balance between fact and fiction. And then there is Halloween Music of the Season, and Movies, love those Vampire movies, the old ones were they stuck to the Dracula mold, were no Vampire walked the day, and Werewolves protected them during their hours of sleep. Now that’s some of the good stuff.

(The Bad Stuff)

The Bad stuff it is a month of transition, October is the fall back time on the old clocks the old day lights savings time, you lose an hour of sleep. Now in the Northern hemisphere, October is a Honey Due list month, Honey rake the leaves, take down the hammock and bring in all the lawn furniture, Honey take down and clean the screens and clean the windows for sun to come thru for the winter and don’t forget to check the caulking around the windows and repair the ones that need it, and clean out the gutters, Honey change the oil in the car to winter grade oil check the electric dip stick for the oil over night, and change to the snow tires, Honey make sure an call to have the oil tank topped off, Honey do this and Honey do that, and the list is long, and that’s why Oktoberfest was created, you need it after the list is done.

[October Andromeda Viruses]

And it is the October Andromeda Virus season, [2] Two of the professional dancers on [American Dancing With The Stars], a very popular television/tele, program in the Empire, came down with it so its out there, which is fine if its you catch a virus then [She Who Must Be Obeyed] transitions into Nurse Nightingale, and its Honey what can I get you, [Guys Take Advantage While You Have The Chance, You Will Pay For It]. But, when your computer comes down with a Virus, it cost you in more ways than one, [She Who Must Be Obeyed] has [50%] fifty percent more time [Don’t forget the Soaps] have to be watched, to ensure the October Honey Due List gets done, which mean no rest for the wicked. So, we got a week off of posting as if anyone would really care, anyone who reads my posting is crazier than we are. But, that being said did anything change during that week. Like one of the Judges on Dancing with the Stars commented it is like the economy every week has been one of waiting for an improvement and every week it seems to get worse. Consumer price indexes are dropping, not rising, average weekly wages are dropping [A dollar is not what it use to be], as indices show the deflation of the Empire Dollar is, leading to inflation with all those American-Israeli Empire public and private debt instruments [with increasing interests rates] floating around the world, resulting in the increase in the price of imports, which is a sobering wake up to Empire consumers, who have been addicted to cheap imports, leading to a general price level increase of domestic goods and services, the prices of doing business is passed along to the consumer. Driving the prices of Gold, Silver, and Oil up, as [Storage Places] for wealth as the value of the dollar continues to devalue, losing a majority of it value, and major stock are shaky at best. It would seem that the October Andromeda Virus is as doctor Frankenstein, would say [It’s Alive], with, every sign of change much like the cleavage of Elvira [The Mistress of The Dark] way down, with deflation sucking the blood out of the economy much like Dracula, this may be a very scary Halloween.

HERCULE TRIATHLON SAVINIEN


triathlon
Comment posted October 23, 2009 @ 10:42 pm

IN THE YEAR [2045]

[The Empire in [2045]]

In the year [2045] The American-Israeli Empire, made up of only the (2) Two City States, of (NYC) New York City and Washington, D. C., separated by only (228mi/367km), run by the (544/DC) family based business of lifetime appointments of professional politicians, of loan sharking and embezzlement, Degenerate Democratic and Republican Crooks, will be still be running by that time a North American Continent made up of a Third World Culture, of African/ Anglo-Saxon/ and Hispanic Demographics jockeying for pecking order position, within a Third World Economy, no Third World Culture has been or is in the [G-20], let alone the [G-8], the top tier of Economic Nations. The Empire will have remained under the Political Control thru the [Special Relationship] of the State of Israel, as every politically conscious individual of the Community of Nations on the face of the earth knows [All] The Empire [DC/544] are owned by the Israeli Government via its political pressure Lobbyist group The [AIPAC/AZC] American Israel Public Affairs Committee/American Zionist Council, the most powerful pro-Israeli lobbying organization, under the umbrella group and within the group of numerous and prominent pro-Israel organizations numbering (100K) One-hundred-Thousand, membership of neo-conservative Jewish lobbyists groups, connected to various influential caucus members of the Empire’s pro-Israel lawmakers. With its Empire [MIC] for Resources and Markets, with over [300] Three-hundreds bases of Military Industrial Complex, having been engaged in continuous international warfare outside its own national boundaries for hundreds of years, having killed and maimed hundreds of millions of Global World citizens in the quest occupation scattered across the globe, yet having not won one war in over [100] years, still in combat operations against [IFF] Islamic Freedom Fighters on the Islamic Crescent.

[SPHERE’S OF INFLUENCE [2045]]

Or, will the [21st] Century Global Community of Nations be made up of Geo-Spheres of Influence, The (BRIC) Brazil, The Russian Federation, India, and The Peoples Republic of China, The German and French Alliance, The [EU] European Federation, The [UK] United Kingdom’s Commonwealth of Nations, working together within a NEW [21ST] CENTURY ALLIANCE, no longer with their economic structures tied to a one unit monetary system but on a Diversified/Multilateral Currency Regime, free from the Bust/Boom Cycle of the failed American-Israeli-Empire. The New [EU] European Union, The New Germany, The New East Asia, The New United Korea, The New Japan united with the all its provinces [Okinawa] etc., The New Islamic Crescent free of Empire [MIC] Homosexual [Gay/Lesbian] Troops of Occupation, all [300] Three-Hundred bases of Empire Occupation gone, and no Empire Wars of Resources and Markets in progress. The Peoples Republic of China, and Taiwan united under one flag and one government without Empire military interference supplying weapons to the Chinese province injecting itself in the affairs of the Chinese People. The American-Israeli Empire Gone for Good, Once And For All, the Israeli/Palestinian problem settled. With the map of the North American Continent changed with New North American Commonwealth of Republics; The Republic of Alaska, The Republic of California, The Republic of Cascadia [The combined States of Oregon, Washington and the Canadian province of British Columbia], The Confederate States of America, The Republic of Hawaii, The Republic of Texas, The United States of America, and The Republic of Utah.

[The Problem Not Solution]

The Global Community of Nations and those outside of the (228mi/367km) American-Israeli Empire on the North American Continent are well aware of were all the problems of the past century and progressing into the current century have been, are, and will continue to be generated from a group of [DC/544] Degenerate Democratic and Republican Crooks, within the (228mi/367km) long American-Israeli Empire [The Problem Not Solution]. And now has come the time for the Dreamers, Thinkers, and Workers of [21st] Century to determine just what future they choose or what future they alone will create for themselves and their decedents, a [21st] Century of continued Empire Domination, or a New Sphere’s of Influence century working together to solve Global Warming, Increased Food Production, Cure for [HIV/AID] Human Immunodeficiency Virus/ Acquired Immunodeficiency Syndrome, Cancer, and other health problems that effects humanity, provide the homeless with at least a habit for humanity structure, or communities were assistance can be provide vice just saying they choose to live on the streets in family groups.

[Warnings Not Heeded]

We Ponders of the [20th] Century have been irresponsible for not having taken our fate and that of our descents more seriously allowing the Empire and its [MIC] Military Industrial Complex to come into existence, and not did not heed the warnings;

“The potential for the disastrous rise of misplaced power exists and will persist.” [The Empire] “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the [Empire] military-industrial complex.” [Dwight David Eisenhower in his January 17, 1961 farewell message to the nation].

“I like to believe that people in the long run are going to do more to promote peace than our governments. Indeed, I think that people want peace so much that one of these days government had better get out of the way and let them have it.” [Dwight David Eisenhower]

No people on earth can be held, as a people, to an enemy, for all humanity shares the common hunger for peace and fellowship and justice. No nation’s security and well-being can be lastingly achieved in isolation but only in effective co-operation with fellow-nations. (Dwight David Eisenhower: The Chance for Peace 1953).

The Choice is now yours you Dreamers, you Thinkers, you Workers of the [21st] Century, except the hand of cards and raw deal you were dealt by we of the Ponder Generation or put the cards back in the deck, and reshuffle yourself a new hand, its up to you!

HERCULE TRIATHLON SAVINIEN


weslen1
Comment posted October 24, 2009 @ 3:50 am

Hey, Bernanke, if you are so worried about the deficit how about taking some of that 35 TRILLION dollars you PROMISED to the Wall Street LEECHES and PAY OFF THE NATIONAL DEBT instead! Then there won't be any deficit because we won't OWE anything at all.
Then resign and save us another ?million a year!


triathlon
Comment posted October 26, 2009 @ 12:44 am

BERNAKE BUTTERFLY EFFECT

[Double or Triple Digit Ravenous Inflation]

Empire Treasury Secretary Timothy Geithner said earlier in October that strengthening the Dollar was very important with the inflation risk that would come from the collapse of the dollar and the resulting increase in the price of imports, for a nation addicted to imports that would be a sobering experience. And that risk is a significant one, with all those American-Israeli public and private debt instruments floating around the world.

* THE DOLLAR COLLAPSES: With the Dollar having now begun its devaluation within the (60) Sixty-Days period as predicted, with (http://www.Forbes.Com) reporting the Dollar has already Collapsed, (The Dollar Collapses), by Carl Gutierrez. (1 USD = 0.69 Eur. / 1 EUR. = 1.45 USD), and Kevin Brown, reporting from Singapore, on (FT.com), Published on Thursday, Oct. 08, 2009 1:01PM EDT Last updated on Thursday, Oct. 08, 2009 3:04PM EDT., has reported the dollar came under fresh pressure across the board on Thursday. The Euro rose [0.4%] per cent to [$1.4745] against the American-Israeli Empire currency, while the yen rose [0.2%] per cent to [Y88.47]. Against a basket of traded currencies the dollar fell [0.6%] per cent to [76.008], close to the lowest level of the year;

& CASH AND CARRY TRADE: is abounding the practice of borrow cheap worthless Empire dollars from the Fed, which are then plowed into higher-yielding assets, Gold etc., as a Storage Place of Value, though the price fluctuates, the higher-yielding assets are virtually, context-free with a value that’s not likely to disappear entirely.

* WAGES: Average weekly wages are dropping.

OIL;

$$ [$71/€48.57] The Bloomberg Energy Market Watch is reporting the upward climb on crude oil trading with the Empire continuing to play fast and loose with its own economy, having move upward from [$34/€23.26] Thirty-Four-Empire Dollars/Twenty-Three-Point-Twenty-Six Euros, to [$71/€48.57] Forty-Eight-Point-Fifty-Seven Euros, per barrel.

$$ [$80/€53.23] Surging past [$80/€53.23] Eighty-Dollars/Fifty-Three-Point-Twenty-Three-Euros-a-barrel, up [150%] One-Hundred-Fifty percent from the December low.

$$ ($145/€99) With the cost of oil per barrel expected to once again rise to their post highest level and surpass it of ($145/€99) One-Hundred-Forty-Five-Empire Dollar/Ninety-Nine-Euro’s, per barrel.

* GASOLINE/PETRO: Higher prices at the pump, Wholesale prices are up more than [$0.40/€0.27] Forty-cents/Zero-Point-Twenty-Seven Euros a gallon in just under a month. The Previous cost of gas at the pump, highs were [$5/€3.42] Five-Empire Dollars/Three-Point-Forty-Two Euros, per gallon now think [$10/€6.84] Ten-Empire Dollars/Six-Point-Eighty-Four Euros, per gallon, or higher.

* HEATING OIL: A dramatic escalation in heating bills as the cost has jumped to the highest price in almost a year.

FOOD/PRODUCE: And all it will mean is [DOUBLE DIGET INFLATION IS NEXT], it cost an [Energy Currency] to produce items, [Food/Produce], the cost to the Farmer goes up, The cost to Truckers to Deliver the Produce to Market’s goes up and the cost is passed to the consumers, and that is capitalism, Commodities are the most obvious example;

% CORN: It’s up almost a [$1/€0.66] One-Dollar/Zero-Point-Sixty-six Euros a bushel since mid-September, with the cost of wheat and soybeans on the rise.

% SUGAR: is at a [26] Twenty-Six year high [More profit putting it into the gasoline /petro business tanks than in Commodities Coffee and Tea Cups].

% WHEAT: futures are the highest level in almost [3] three decades.

% BREAD: Bread: More Expensive

% CEREAL: More Expensive

[Bernanke Third Times a Charm Bubble]

But the Federal Reserve under the stewardship of Fed boss Ben Bernanke, seems not to have talked to Empire Treasury Timothy Geithner about the Empire’s Dollar devaluation, and Fed Boss Ben Bernanke is choosing not to change strategies, and seems to have made his decision. And, so Bernanke has chosen to continue a tidal wave release of liquidity out of the Fed hoping the resulting flood will be able to float every boat out there, planning to just keep printing and spewing out more toxic cheap and easy stimulus money, flooding the economy with Dollars and Bonds tolerating a weaker devaluing Empire Dollar in an effort it seems to boost Empire exports and hoping the at the same time to stimulate a lagging Empire Economy. Which is creating yet another [Economic Asset Inflation Bubble ] this time in asset prices, hoping the third time is a charm and it won’t blow up in his face as the last [2] Two Economic Bubbles [Stocks & Housing] but with this bubble covering just about everything that was missed with the previous [2] two.

[The Special Undefined Business Downturn]

Fed boss Ben Bernanke, feels that we are in an undefined [Special Business Downturn] that need not be remediated through stimulation of aggregate demand, as long as inflation is abnormally low. A general price surge increasing the cost of domestic goods and services, is not seen as a problem, the plan is to deliberately have the Dollar Devalue, creating a third Fed Managed [Economic Asset Inflation Bubble] which according to the Fed Boss, is nothing to worry about, but will mean growth and expansion in small business, so everyone should (a) stop worrying about inflation (b) small business should engage in more expansion. [Undefined means the guy hasn’t got a clue what’s going on].

[Reaping Whirlwind Profits]

There is not, nor will there be any Reaping of The Whirlwind, during this Special Undefined Business Downturn Cycle, and a little controlled [Economic Asset Inflation Bubble ] will only make lives a little uncomfortable for many with a slight increase in the cost of living but which must be viewed as nothing more than a short period, discomfort, and the public should not react with a macroeconomic moral panic, the evidence suggests that the controlled [Economic Asset Inflation Bubble] is working; [ Working as a resource-sector investor Larry Edelson, or Ron Burkle the owner of several grocery chains worth [$3.5B/€2.33B] Three-Point-Five-Billion Dollars/Two-Point-Thirty-Three-Billion Euros, and Former Impeached President William Jefferson Clinton, Burkles Investment Business Partner reaping a whirlwind of profits] and this is all great news!

* DOLLAR DEFLATION: Most American-Israeli Empire indices continue to warn of deflation ahead, not inflation, which mean small business growth.

* NO SSI/COLA INCREASES: For the first time since [1975], there will be no [COLA] Cost-Of-Living Increase, in Empire [SSI] Social Security Insurance payments to retirees. (The Imperial Media Messiah President is proposing to distribute an additional [$250/€166.44] Two-hundred-Fifty-Dollars/ One-Hundred-Sixty-Six-Point-Forty-Four-Euros to retiree anyway, but this largesse will require a vote in Congress.)

* CONSUMER PRICES: Consumer price indexes are dropping, not rising. [Store need to drop prices no one has any money].

* CASH AND CARRY TRADE GOLD BUGS: David Frum and Ben Bernanke both feel that inflation is a phantom menace, and both frown upon Gold Bugs, and Storage Area’s feeling that Gold or other higher-yielding assets at today’s prices as a Storage Area for value worth, is a high price to insure against the risk of inflation. [As the value of their Dollars melts away in banks or elsewhere].

So, what’s in your wallet, Bernake Butterfly Effect [Economic Asset Inflation Bubble] Dollars, or have you switched to a value based method of retaining at least part of your declining economic security?

HERCULE TRIATHLON SAVINIEN


triathlon
Comment posted October 27, 2009 @ 6:10 pm

BRIC CORNERS CRITICAL RESOURSE MARKETS

[BRIC] The Cash and Carry Trade

The [BRIC] Sphere of Influences, Brazil, The Russian Federation, India, and The Peoples Republic of China, are engaged in The Cash and Carry Trade, of borrowing cheap worthless [Bernanke Butterfly Effect Economic Asset Inflation Bubble Dollars] from the American-Israeli Empire Federal Reserve System, which is then plowed into higher-yielding assets which are far less vulnerable to price fluctuates, virtually, a value that’s not likely to disappear entirely, as a Storage Place of Value. But beyond this the [BRIC] is engaging in the cornering of strategically importance raw materials, recourses, companies building reactors nuclear plants, refineries, pipelines gas power stations cutting deals left and right all over the world, with the average value of each deal growing by leaps and bounds; (Nigaz) an amalgamation of “Nigeria” and “Gazprom”, pronounced “nye-gaz”, (GECF) Gas Exporting Countries Forum the (11) Eleven biggest gas-rich producing states in the world Algeria, Bolivia, Brunei, Egypt, Indonesia, Iran, Libya, Malaysia, Nigeria, Qatar, The Russian Federation, Trinidad and Tobago, the United Arab Emirates and Venezuela (PDVSA) State owned oil company Orinoco River oil venture,(OPEC) Organization of the Petroleum Exporting Countries.

Groups and investing in commodities futures as a hedge against the decline of the devaluation of the dollar;

* Natural resources & mineral resource companies and investments

Gold: Mining Companies, Bullion, and Coins.

Copper: has surged [94.6%] Ninety-Four-Point-Six Percent this year gobbling up copper like there’s no tomorrow.

Lumber/Timber

Rubber

Oil and Oil reserves: oil has roughly doubled from its lows in January of this year ($145/€99) One-Hundred-forty-Five-Dollars/Ninety-Nine Euros, with the cost of oil per barrel expected to once again rise to their post highest level and surpass it of ($145/€99) One-Hundred-Forty-Five-Empire Dollar/Ninety-Nine-Euro’s, per barrel.

Pipelines Gas and Oil: Blue Stream, Nord Stream, South Stream, the Arctic Lomonosov Ridge containing (13%) Thirteen Percent of the Worlds Oil Reserves and (30%) Thirty Percent of the worlds Natural Gas.

Gasoline/Petro: Higher prices at the pump, Wholesale prices are up more than [$0.40/€0.27] Forty-cents/Zero-Point-Twenty-Seven Euros a gallon in just under a month. The Previous cost of gas at the pump, highs were [$5/€3.42] Five-Empire Dollars/Three-Point-Forty-Two Euros, per gallon now think [$10/€6.84] Ten-Empire Dollars/Six-Point-Eighty-Four Euros, per gallon, or higher.

Heating Oil: A dramatic escalation in heating bills as the cost has jumped to the highest price in almost a year.

* Railroads and shipping lines

* Commodities

Bread: More Expensive

Cereal: More Expensive

Cocoa: is jumping, up over [30%] Thirty-Percent this year.

Corn: It’s up almost a [$1/€0.66] One-Dollar/Zero-Point-Sixty-six Euros a bushel since mid-September, with the cost of wheat and soybeans on the rise.

Soybeans: More Expensive

Sugar: has exploded higher, up over [70%] Seventy-Percent at a [26] Twenty-Six year high [More profit putting it into the gasoline /petro business tanks than in Commodities Coffee and Tea Cups].

Rice: More Expensive

Wheat: futures are the highest level in almost [3] three decades.

FOOD/PRODUCE: And all it will mean is [DOUBLE DIGET INFLATION IS NEXT], it cost an [Energy Currency] to produce items, [Food/Produce], the cost to the Farmer goes up, The cost to Truckers to Deliver the Produce to Market’s goes up and the cost is passed to the consumers, and that is capitalism, Commodities are the most obvious example.

[Bernanke Butterfly Effect Economic Asset Inflation Bubble Dollars]

Fed boss Ben Bernanke has caused a Butterfly Effect that is bring down one institution and one country after another, [S&P] Standards and Poor index is expected to decline by [40%] Forty-Percent, the [NYSE] New York Stock Exchange to drop to [6K] Six-Thousand range the empire is weakening under the weight of overwhelming, unplayable debts and obligations, with the Dollar in a rapid devaluation position, with The Peoples Republic of China only lowing its devaluation there is little to no time left to begin the shift to the [Diversified/Multilateral Currency Regime], based upon a broader trade-weighted basket. The Multilateral Currencies would be the GLOBAL NUMERAIRE CURRENCIES [Euro, Pound Sterling, Japanese Yen, and Chinese Yuan], and hard currency [Gold, Silver, etc.] will determine the price of Gold per ounce.

Scenario One: [$2.3K/€1.5K] Two-Point-Three Thousand Dollars/One-Point-Five Euros, Orderly transition to new currency

Scenario Two: [$3K/€2K] Three-Thousand Dollars, Two-Thousand Euros, Muddied, confused transition

Scenario Three: [$5K/€3.4K] Five-Thousand-Dollars/Three-Point-Four Thousand Euros, Chaotic transition and market panic [MOST LIKELY TRANSITION]

[NOW], is the time to shift off the Empire Dollar, and begin The Cash and Carry Trade to The Multilateral Currencies would be the GLOBAL NUMERAIRE CURRENCIES [Euro, Pound Sterling, Japanese Yen, and Chinese Yuan], and hard currency [Gold, Silver, etc.] investments in companies [Off of the NYSE] in strategically importance raw materials, recourses, and related industries companies, commodities futures, in markets other than Empire Markets, The Bottom is about to drop out from under the Dollar.

HERCULE TRIATHLON SAVINIEN


triathlon
Comment posted October 29, 2009 @ 3:37 pm

[THE [BRIC] ARGENTINA MEETINGS]

[Orderly Transition Meetings]

Now, a series of meeting are being held between October, [25-31], in Buenos Aires, Argentina between the [BRIC see below] Brazilian Spheres of Economic Influence, another set of Meeting-non-Meeting that have been occurring around the globe, according to [BBC] Commentator Robert Fisk, and now this meeting verified by George Soros [China Will Lead New World Order, by Paul Joseph Watson, http://www.PrisonPlanet.Com. and the founding father of [www.MoveOn.Org.] the purpose of which is the growing movement to replace the Empire Dollar in an Orderly transition, to prevent economic turmoil in the Global Economic System. The idea of which is to try to ease by extending and control the collapse of the American-Israeli Empire Dollar. It is felt there are [3] Three likely Scenarios of transition and Gold Prices per Ounce are used but would apply percentage wise to all prices of other goods, commodities etc, to slow the effects caused in each scenario;

Scenario One: [$2.3K/€1.5K] Two-Point-Three Thousand Dollars/One-Point-Five Euros, [Orderly Transition to New Currency]

Scenario Two: [$3K/€2K] Three-Thousand Dollars, Two-Thousand Euros, Muddied, [Confused Transition to New Currency] or prices will rise by [30%] Thirty Percent across the board.

Scenario Three: [$5K/€3.4K] Five-Thousand-Dollars/Three-Point-Four Thousand Euros, [Chaotic Transition to New Currency and Market Panic] or prices would rise [117%] across the board, from that under an Orderly Transition, [MOST LIKELY TRANSITION], it is felt the Empire will fight an Orderly Transition.

[BILATERAL SYSTEM]

At present there is a Bilateral [Two-Side by Side] systems, of Base Currencies operational, the Old Empire Base Currency System of the Empire Dollar, and New [Diversified/Multilateral Currency Regime/See Below] and there can only, in the end be [1] one. Soros stated that the Empire Dollar has been, is, and will continue to be a drag on the entire Global Economy as it declines into a Third World Status, along with the Empires Demography, and cultural base, and that in fact has the [BRIC] is actively engaged in [Cash and Carry/ See Below ] and Cornering of [STRATEGICALLY IMPORTANT ECONOMIC AND MILITARY] assets as hedges against the collapse of the Dollar, as the [NYSE] New York Stock Exchange is felt to be [1/3 / 33.3%] One-Third or Thirty-Three and a Third Percent over valued, and should be in the [6K] Six-Thousand Range, and the [S&P 500] Standards and Poor Five Hundred Index over-valued by [40%] Forty-Percent. Those countries that choose to remain with the Empire Base Currency will decline along with that currency, those that choose to uncouple from and shift to the Diversified/Multilateral Currency Regime, will rise with the Currency Regime, as the Empire Dollar is devaluing as the Euro and others of the New System are on the rise.

[BRIC]

The [BRIC] Sphere of Influences, Brazil, The Russian Federation, India, and The Peoples Republic of China: Sphere [1] One: Brazil, Cuba, Argentina, Mexico, and Venezuela

[Cash and Carry Trade]

The Cash and Carry Trade, borrowing in one currency at low interest rates and investing the money in another currency or asset at higher rates of returns, cheap worthless [Bernanke Butterfly Effect Economic Asset Inflation Bubble Dollars] money available interest-free, from the American-Israeli Empire Federal Reserve System, which is then plowed into higher-yielding assets snapping up equities, corporate bonds, commodities and other assets which are far less vulnerable to price fluctuates, virtually, a value that’s not likely to disappear entirely, as a Storage Place of Value. But beyond this the [BRIC] is engaging in the cornering of [STRATEGICALLY IMPORTANT ECONOMIC AND MILITARY] raw materials, recourses, companies, building reactors, nuclear plants, refineries, pipelines gas power stations cutting deals left and right all over the world, with the average value of each deal growing by leaps and bounds; (Nigaz) an amalgamation of “Nigeria” and “Gazprom”, pronounced “nye-gaz”, (GECF) Gas Exporting Countries Forum the (11) Eleven biggest gas-rich producing states in the world Algeria, Bolivia, Brunei, Egypt, Indonesia, Iran, Libya, Malaysia, Nigeria, Qatar, The Russian Federation, Trinidad and Tobago, the United Arab Emirates and Venezuela (PDVSA) State owned oil company Orinoco River oil venture,(OPEC) Organization of the Petroleum Exporting Countries.

[Diversified/Multilateral Currency Regime]

Diversified/Multilateral Currency Regime, based upon a broader trade-weighted basket. The Multilateral Currencies would be the GLOBAL NUMERAIRE CURRENCIES [Euro, Pound Sterling, Japanese Yen, and Chinese Yuan], and hard currency Gold, Silver, Oil and Mineral Currency-The Russian Federation, Food Production Currency-Brazil, and Production Currency The Peoples Republic of China/India, assets that are less volatile, against price fluctuations, virtually context-free of the chance of their value disappearing entirely.

HERCULE TRIATHLON SAVINIEN


triathlon
Comment posted October 30, 2009 @ 5:11 pm

BILATERAL BANKING SYSTEMS

[George Soros]

Now, we know little to nothing about George Soros, or much of anything else were sort of a simpleton Independent smarter than a Democrat knowing what the meaning of Is, Is, and more honest than a Republican, it [IS] better to give than receive, with the exception of on Tax day, but there is one thing that we did like about old George, in an interview given by George Soros [China Will Lead New World Order, by Paul Joseph Watson, http://www.PrisonPlanet.Com. at least you could understand what the old fella had to say. Now, George said more, with [more content] and plainer in [10 min.] Ten minutes then the Media Messiah Imperial President of the American-Israeli Empire could and does in [24/7-365] twenty-four hours a day, seven days a week, three-hundred-sixty-five days a year, more words with [NO] content. But, with Old George you better listen or use some method to get it all down, it contains volumes of information in a short space. It’s not the former William F. Buckley, Jr., or George Wills sitting together having a talk, and your there listening, not understanding a word they said, and even if you did take it down, each word would have a half a page of definitions not all the same, and then it’s zing over your head, George Soros talks and you better be able to follow the dots back to each book, its all there, it like hiding in plaine sight, and the guy seems to know what the meaning of Is, Is, unlike most Liberal Democrats.

[There is a New Bank in Town]

Now, George came right out with it [Bilateral System SEE BELOW] what it boils down to is there is a new bank in town and they aren’t about giving out toasters for new deposits, but about giving out a better interest rate, and no loan sharking. Up to this point the American-Israeli Bank of Hemi-Town, [NYC] New York City, has been the only bank in town. Well that is over, now we have the [BRIC SEE BELOW] Bank, of China-Town, Hong-Kong, and the boys are offering a better deal, the boys in Hemi-Town are buying bad debts that will never be repaid, gambling with taxpayer money, getting [GOLDEN PARACHUTES], bending the depositors over when they need loans unless its government guaranteed so the taxpayer has to pick up the losses, and loan sharking on loan rates, the Hong-Kong boys aren’t having any part of it, but Old George is making his pitch to have them at least take the [IMF SEE BELOW], the loan sharking department of the American-Israeli Bank of Hemi-Town, but it doesn’t seem like the China-Town, Honk-Kong, [BRIC] Bank work that way, unlike the Hemi-Town Bankers the Hong-Kong Bankers make their money the old fashion way they earn it, and not steal it. There is a New Kid in Town.

[BILATERAL SYSTEM]

At present there is a Bilateral [Two-Side by Side] systems, of Base Currencies operational, the Old Empire Base Currency System of the Empire Dollar, and New [Diversified/Multilateral Currency Regime/See Below] and there can only, in the end be [1] one. Soros stated that the Empire Dollar has been, is, and will continue to be a drag on the entire Global Economy as it declines into a Third World Status, along with the Empires Demography, and cultural base, and that in fact has the [BRIC] is actively engaged in [Cash and Carry/ See Below ] and Cornering of [STRATEGICALLY IMPORTANT ECONOMIC AND MILITARY] assets as hedges against the collapse of the Dollar, as the [NYSE] New York Stock Exchange is felt to be [1/3 / 33.3%] One-Third or Thirty-Three and a Third Percent over valued, and should be in the [6K] Six-Thousand Range, and the [S&P 500] Standards and Poor Five Hundred Index over-valued by [40%] Forty-Percent. Those countries that choose to remain with the Empire Base Currency will decline along with that currency, those that choose to uncouple from and shift to the Diversified/Multilateral Currency Regime, will rise with the Currency Regime, as the Empire Dollar is devaluing as the Euro and others of the New System are on the rise.

[BRIC]

The [BRIC] Sphere of Influences, Brazil, The Russian Federation, India, and The Peoples Republic of China

[IMF] International Monetary Fund

The American-Israeli Empire directly appoints the heads of the [IMF], which is basically the loan sharking department of the Empire. The [IMF] in concert with the World Bank give’s huge high risk, loose term, loans to countries to cope with crisis situations, putting them in the back pocket of the [IMF], who in turn request [Services in Return], the [IMF] is the Landlord and the loaner country becomes the provided service renter, if you get the drift. The best thing for any country is to avoid dealing with the [IMF] because they do attach strings and conditions that do more good for the [IMF] at the cost of the country taking out the loan, forcing many countries to build up huge currency reserves, rather than deal with the [IMF]. The [IMF] basically provides the Empire policy-makers with advice as how to put other countries under their economic thumbs. If a country has a sick economy going to the [IMF] is the same as being a twin under the loving care of the Nazis [Angel of Death] Dr. Josef Mengele, and the [IMF] can be counted upon to miss the boat when it comes to providing early warnings of impending crises, your better off seeing a physic/witch, or just flip a coin.

HERCULE TRIATHLON SAVINIEN


triathlon
Comment posted November 4, 2009 @ 5:43 pm

THE [G-20] & NEW BI-LATERAL ECONMIC REALITY

($Dollar Base Currency) VS (Diversified Currency Base)

Members of the Economic Global Community of Nations minus the American-Israeli Empire have been meeting at various sites around a shared Globe, known meeting have been held in [Sphere Three] Honk Kong, The Peoples Republic of China, and in [Sphere One] in Buenos Aires, Argentina, one would have to [Assume] that such meetings were held in other Sphere areas, to discuss not the dumping of The Dollar Based Currency System, but the time table for its ending. At present the Economic Global Economy is a Bi-Lateral [BI = 2] [Lateral= Along Side Of] two separate Economic Systems Working along side each other, as counties around the globe have been de-coupling from the Dollar Based Currency System in favor of the Diversified/Multilateral Currency Regime. The [G-20] can meet Tête-à-tête / make conversation, talk and make whatever changes, issue any amounts of mot juste: conversation-clinching one-liner’s, communiqués, however grand, the Economic Landscape is shifting from an Economic Center based in the [NYSE] New York Stock Exchange, [Wall St.], the American-Israeli Empire Federal Reserve, and the [IMF], to the new epicenter of Communities of Nations Economic Strength The Peoples Republic of China and Honk Kong, this epic shift is a rapidly on going reality, which will take the Community of Nations into the [21st] Century, ending the American-Israeli Empire and its [MIC] Military Industrial Complex.

[The Dollar Based Currency System]: is one that all other currencies are based upon the failing and devaluing American-Israeli Empire Currency, control by the [IMF] and the American-Israeli Empire [Federal Reserve].

[Diversified/Multilateral Currency Regime]: based upon a broader trade-weighted basket. The Multilateral Currencies would be the GLOBAL NUMERAIRE CURRENCIES [Euro, Pound Sterling, Japanese Yen, and Chinese Yuan], and hard currency Gold, Silver, Oil and Mineral Currency-The Russian Federation, Food Production Currency-Brazil, and Production Currency The Peoples Republic of China/India, assets that are less volatile, against price fluctuations, virtually context-free of the chance of their value disappearing entirely.

[G-20]

The [G-20] was established in [1999] and in one decade in the year [2009] has out lived its usefulness, as a forum for industrialized and developing economies to discuss global economic issues. The group includes many of the now [Global Economic Spheres of Influence], the [BRIC] and together, member countries represent around [90%] ninety per cent of global gross national product, [80%] Eighty per cent of world trade and two-thirds of the world's population

[BRIC]

The [BRIC] Sphere of Influences, Brazil, the Russian Federation, India, and the Peoples Republic of China: Sphere [1] One: Brazil, Cuba, Argentina, Mexico, and Venezuela.

[G-20 GLOBAL ECONOMIC SPHERES]

Which now can be broken into Economic Sphere’s of Influence of;

* Sphere One: Brazil, Argentina, Mexico, and Venezuela.

* Sphere Two/The Common Wealth: United Kingdom, Australia, Canada, and South Africa.

* Sphere Three: The Peoples Republic of China and Indonesia.

* Sphere Four: (EU) European Union, [France & Germany; the Alliance], and Italy.

* Sphere Five: The Russian Federation, and Turkey

* Sphere Six: Saudi Arabia

* Sphere Seven: United States, Japan, and South Korea.

[IMF] International Monetary Fund

The American-Israeli Empire directly appoints the heads of the [IMF], which is basically the loan sharking department of the Empire. The [IMF] in concert with the World Bank give’s huge high risk, loose term, loans to countries to cope with crisis situations, putting them in the back pocket of the [IMF], who in turn request [Services in Return], the [IMF] is the Landlord and the loaner country becomes the provided service renter, if you get the drift. The best thing for any country is to avoid dealing with the [IMF] because they do attach strings and conditions that do more good for the [IMF] at the cost of the country taking out the loan, forcing many countries to build up huge currency reserves, rather than deal with the [IMF]. The [IMF] basically provides the Empire policy-makers with advice as how to put other countries under their economic thumbs. If a country has a sick economy going to the [IMF] is the same as cutting your own throat, plus the [IMF] can be counted upon to miss the boat when it comes to providing early warnings of impending crises, your better off seeing a Clinical Physiologist/ Medium/ Mentalist/Physic/Witch/, or just flip a coin.

[THE FEDERAL RESERVE OR INSANITY]

Now columnist Mike Larson said and we quote, I always liked that quip the definition of Insanity is doing the same thing again and again and expecting a different result, and it definitely applies to the Federal Reserve, end quote. That’s his story and were both sticking to it.

The Era of the American-Israeli Empire is coming to a close, and that’s a good thing for the Human Race.

HERCULE TRIATHLON SAVINIEN


SdiGaleotti
Comment posted November 5, 2009 @ 6:09 pm

There is NO such THING as a Jobless Recovery and I am sick of the people in Washington telling this lie as though the common American People are so stupid that they re going to pick their noses and say,”Ohhhhh.duhhhh…ok”. They need to get out of their insulated bubbles and start living in the real world with the rest of us!


triathlon
Comment posted November 8, 2009 @ 1:38 pm

HERCULE TRIATHLON SAVINIEN

HAVE YOUR SAY

[Is Economic Recovery On Its Way?]

Now, you have got to get in on this one, on the site [www.bbc.co.Uk];

Debate Status: [709] Over Seven-Hundred Submissions

Published Comments: [347] Over Three-Hundred

Rejected: [35] Would like to have seen those, they had to have been hot!

Moderation queue: [327] Over three-hundred still being read, for posting they need to hire some more help.

FROST-FIRE SAYS: I note that the UK National Debt is £13,613 for every man, woman and child in our country. And it's rising, soon it seems we may be spending more on debt interest than on our Armed Forces.

(Source Debtbombshell .com. )

How this can be called “recovery” beats me.

TRIATHLON REPLYS: The [UK] Nataional debt is only, [£13,613] Thirteen-Point-Six Thousand Pounds Sterling, per every man, woman, and child in the [UK], try [£48.2] Forty-Eight-Point Two Thousand per every man, woman, and child in the American-Israeli Empire, with a new Trillion Dollar Healthcare plan with a [17%] Seventeen Percent ACTUAL unemployment rate, a Second Stimulus Plan on the way, with a [MIC] Military Industrial Complex with [700] Seven hundred bases in [300] three hundred countries, and the War goes on. And, you got problems, get in line, the unemployment line it starts somewhere back there.

That beats the both of us.

HERCULE TRIATHLON SAVINIEN


cricket991
Comment posted November 23, 2009 @ 11:49 am

Are We Facing a Jobless Recovery?

There is no such thing as a Jobless Recovery
Our vocabulary is deficient.
Some structural weaknesses are starting to correct.

A jobless recovery???

Tell the soldier coming home minus arms and legs.
That they have recovered.
Just be glad you are alive.
With a jobless recovery ,
YOU DON'T HAVE MUCH ELSE TO BE GRATEFUL FOR
as a worker


millgrist
Comment posted November 24, 2009 @ 4:22 pm

don't call it a recovery, if the jobs we've lost are not recovered.

it's not important to me that Wall Street flourishes. That doesn't trickle down to me.

I live on Main Street, where jobs with decent wages are very much needed.

It is not a recovery if jobs continue to be lost.


trace1000
Comment posted November 24, 2009 @ 4:51 pm

I think Its time we come up with your own business ideas, it may be slow at first but if you have a good business plan maybe the small business administration can help…thats what brought us out of the great depression….and try ot be unique something not many others are doing the web is great way to create a business……I wish everyone a great thanksgiving…be thankful for what you have now….


scheng1
Comment posted December 5, 2009 @ 10:44 pm

If the US Dollar continues the decline and Yuan appreciates just a bit, the manufacturing jobs may return to US.
Financial sector is not a labor intensive sector. Manufacturing is the sector that provides jobs.


scheng1
Comment posted December 6, 2009 @ 3:44 am

If the US Dollar continues the decline and Yuan appreciates just a bit, the manufacturing jobs may return to US.
Financial sector is not a labor intensive sector. Manufacturing is the sector that provides jobs.


Cutlem
Comment posted April 2, 2010 @ 11:09 am

Great Post! Thank You Very Much.


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louis vuitton bags
Comment posted July 6, 2010 @ 6:44 am

Tell the soldier coming home minus arms and legs.
That they have recovered.
Just be glad you are alive.
With a jobless recovery ,
YOU DON'T HAVE MUCH ELSE TO BE GRATEFUL FOR
as a worker


Wholesalers
Comment posted July 9, 2010 @ 7:16 am

so cool!!!!!!!!!


louis vuitton
Comment posted July 30, 2010 @ 12:35 pm

it may be slow at first but if you have a good business plan maybe the small business administration can help…….and try ot be unique something not many others are doing and the web is great way to create a business……I wish everyone a great thanksgiving.


discount louis vuitton
Comment posted August 4, 2010 @ 4:31 am

recovering? um… lots of my friends right now in both LA and NY are still looking for jobs!!! please!!!!


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Comment posted August 17, 2010 @ 8:35 am

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