I've had a little time this morning to do some reading and I found some interesting things. Most of them contradict the governments official mantra of it's getting better, it's getting better.
I have read and heard on the TV that a group has determined that the recession ended in 2009. WTF? Ended? What are they smoking? From my perspective the recession continues. The dollar continues to lose its value, worth and desirability. Countries around the world are dumping their dollar holdings and switching to gold or Euros (for some stupid reason) and some want to to create a "global currency". Here are some links to various articles that paint a very different picture as to the health of the US and it's failing economy.
They've been caught doing this before, The Fed is thinking of buying more bonds. This is interesting as the bonds they are buying are their own! They do it to manipulate the interest rate.
Most folks realize that when the dollar drops, gold prices increase. If you've been paying attention to the gold market for the last year, gold has steadily risen in price. On September 21 gold was pushing the 1300 dollars an ounce range. Add up the two previous sums and you get this.
There are various claims as to the total of the governments debt. But it generally falls in the multiple TRILLION dollar range. Yes, that's right, TRILLIONS. Now we find that the US is hiding debt. Lots of it. I'm talking a final number of somewhere between 60 and 200 TRILLION!
That brings us to this winderful little nugget. Get out your fingers and count up how many friends, family and aquaintences are out of work or underemployed. I generally come up with 50 percent. I know its better or worse depending on you location but here in Missouri the state percentage is running 9-11 percent but I still get a 40-50 percent range among my immediate circle.
The rats are leaving the sinking ship of the Obama White House! Seriously, take a look around the internet and see how may of The Chosen Ones staff have retired or quit or are going to quit. Inspires confidence don't it?