Posts Tagged recovery

Pathetic, yes absolutely pathetic

commiserable, deplorable, distressing, feeble, heartbreaking, heartrending, inadequate, lamentable, meager, melting, miserable, moving, paltry, petty, piteous, pitiable, pitiful, plaintive, poignant, poor, puny, rueful, sorry*, tender, touching, useless, woeful, worthless, wretched

These are all synonyms of ‘pathetic’ according to a thesaurus.

What is so remarkable about these synonyms is that they all apply to America’s politicians and mainstream media.

America is in the shit, no doubt about it. It’s in the shit right up to its eyeballs. It’s only by jumping at every minute fluctuation of the financial and economic graphs that they can get their noses above the shit long enough to shout, “RECOVERY!” Before being right back in it.

There is (read my lips) NO RECOVERY!

Since 2007/8 there have been no signs of recovery, merely the twitchings of a dying corpse.

The politicians are lying, the mainstream media are lying (by omission). Nobody is telling the truth.

Unemployment is going down and pigs can fly

You want to see how the politicians lie… Take unemployment, they say it’s 8.x% – That’s a lie. They changed the rules about what constitutes unemployment; if you take the formula they used 20 years ago the figure is between 22% – 27%. By changing the rules they can keep the figure low enough for you to swallow and believe in economic recovery.

20+% unemployed??? Oh yes, that’s a recovery… ROTFLMAO

“Barack Hussein Obama, his government, and his willing accomplices of the Lame Stream Media, have been touting a recovering ‘economy’ since practically the day he was elected. We have breathless media info-babes touting really fractional shifts of economic data as ‘proof of recovery’, while companies continue to close and others to lay off or not hire at all. I’ve been saying all along that this is no recovery… that there was nothing to back up the government’s claims.”Conservative Outpost: The Recovery Myth, And Other Fanciful Tales.

Face it! There is no recovery, and there won’t be one.

It’s only a matter of time before the shit is over your heads.

The biggest laugh of all is that Romney has all but won the Repugnican nomination to run against Obama by spouting the same policies that created the problem in the first place. If America survives until the election, Romney will hasten its demise.

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The News is All Sad

The clockwork is winding down, time is running out

From every corner of the globe, the news is bad. The world’s financial situation is in a sad sorry state.

On the European side, the Greeks are in deep shit. There is no way out of the hole they have dug for themselves. This latest ‘bailout’ is a waste of time and effort, and more Euros. In two months they will be doing the Oliver Twist again, “Please Sir, can I have some more?”

Portugal, Spain and Italy will be doing the Oliver Twist too. It’s a dance fad that will spread.

The Americans are the biggest financial joke on the planet. The only reason that the American economy hasn’t collapsed already is that fool Bernake and his printing presses; he has managed to stave off the inevitable, but when it comes, it will be harder and faster than before.

Every hiccough or burp in the markets and the Americans are shouting “The recovery has begun!”…. again. Read my lips, “There is no recovery!” There never has been and there never will be. Since the first bubble burst in 2008, that sealed the fate of the USA.

When it comes to squandering, the USA makes the others look like petty thieves.

Daily, we get new headlines:

Japan watchdog halts fund on fears over lost assets

There are fears that losses at the firm may run into billions of dollars

Japan’s financial watchdog has told an investment firm to halt its operations on suspicion that it has lost most of the $2.3bn (£1.5bn) funds it manages.

Operations at AIJ Investment Advisors, which manages group pension funds for more than a hundred firms, have been suspended for a month.

It came after reports in Japan alleged that the firm may have covered up losses for years.

Authorities said they would also probe all other investment firms in Japan.

“The Financial Services Agency (FSA), together with the labour ministry, will take every possible step to prevent this kind of incident from happening again,” said Shozaburo Jimi, the head of the FSA.

‘Very difficult’

The report has taken analysts and industry watchers by surprise.

“It is very difficult to understand how they were able to hide all these losses,” Yuuki Sakurai of Fukuko Capital Management told the BBC.

Source: BBC News Read more

Opinion:

It just doesn’t stop.

This follows the recent news; The Japanese firm Olympus admitted that it hid $1.7bn in losses for as long as 20 years.

The rot has been around a long time, we are just catching up with the play, for the Americans it started in 1913 with the creation of the Federal Reserve, then got worse in 1971 and has been worsening ever since fueled by America’s golden spending years. Spending… they should have been saving.

The collapse has started, in fact it is well on the way. There is nothing that you nor I nor Obama and every Repugnican and Democrap on the planet can do about it. We will pay.

So, what’s the answer?

Let’s start another war so the mainstream media can take people’s minds off the problem and think the world is rosy.

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