[kj] OT -- 9%... 10%...

[Brendan Quinn]

And that's with Corporate America sitting on a liquid $2Trillion in cash

 

Re US economy:

 

Cash - massive Ponzi scheme, every year it's worth less and less. From 2000
to 2008 USD lost 50% of its buying power.

 

Bonds - what's worse, holding US dollars now, or pieces of paper that
promise US Dollars in 30 years time? No thanks. (USD depreciated 41% vs AUD
last year) 

 

Shares - totally manipulated, most trades are now done by computers, the
retail investor has fled (finally learned some sense). A few banks last year
had 60 straight days up in trading - statistically close to impossible amid
the volatility at the moment. The markets are rigged.

 

            Google - "dark pools"  "high frequency trading" "SEC fines JPM"
"SEC fines Goldman"

 

Hard physical assets are where to park your money. Almost anything to do
with the financial representation of actual assets is tainted.

 

American banks aren't using mark to market for bank 'assets' - if they were
half of them would be under water. $2T in cash is irrelevant when the other
side of the balance sheet is make believe (and the consumer, esp middle
class, is stuffed)

 

An economy that can't add jobs after 2 years of 0% interest is pretty much
fucked.

 

US is waging massive currency war and complaining that others are. China is
actually raising interest rates, raising the value of the Yuan, and
encouraging people (via television ads) to buy physical gold and silver.
What's Obama and co doing.? Printing money, debasing the currency.

 

Chinese saving rate > 30%. US saving rate 1%

 

"BELIEVE IN CHANGE"

 

Good luck with that.

 

/rant

 

From: gathering-bounces at misera.net [mailto:gathering-bounces at misera.net] On
Behalf Of sade1
Sent: Friday, 11 February 2011 4:21 p.m.
To: Gathering
Subject: [kj] OT -- 9%... 10%...

 

So here it is again from the horses' mouths.  At the highest level they are
saying now that unemployment won't come down to a
near(-but-still-high)-normal 5% for another 10 years, with 6 years being the
Optimists' view. And that's with Corporate America sitting on a liquid
$2Trillion in cash = 50 million people working for a year. They'd rather buy
back their own stock (to keep the gains and dividends in-house) than to put
a commoner to work.

9% Unemployment Just Fine
<http://us.mg4.mail.yahoo.com/dc/launch?.gx=1&.rand=5fgqj6vg891ik>
http://us.mg4.mail.yahoo.com/dc/launch?.gx=1&.rand=5fgqj6vg891ik

And,
<http://news.yahoo.com/s/yblog_exclusive/20110209/pl_yblog_exclusive/why-is-
the-jobless-rate-staying-so-high-and-what-can-be-done-about-it>
http://news.yahoo.com/s/yblog_exclusive/20110209/pl_yblog_exclusive/why-is-t
he-jobless-rate-staying-so-high-and-what-can-be-done-about-it

 

10% of the land is The Hand 

that pulls the strings... 

to have, to own, to hold: 

   money, property, assets - before lives

 

Green gestures..an endless debate

Why? Just to justify, 

             jus-ti-justify..this 'Utopia':

                                                 "Money is our business

                                                   Cash is our business 

                                                    These derivatives is our
business

                                                     Lies! are our business

                                                      Business is our
Business!!"

 

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