May
31
Global Recession is comming and 2008 is predected to be the worst year for US software market.If this becomes reality the impact on the other sectors is inevitable and the world economy is bound to crash.Are there any ways that this can be avoided?
There are two things that would help the global decline.
1. Reduction in the cost of energy. That item has affected every non-producing country and would help with consumer confidence.
2. Reduction in the fighting in certain areas. I think that one of the missions of the "terrorists" is to bring the world economy to a standstill. The spending on war and the constant concern over certain countries that fuel the unrest is having an affect on the world economy.
May
31
What is meant by "public option" in the healthcare reform bill?
Filed Under Healthcare Reform | 8 Comments
Could you please tell me what "public option" means? I am reading about the healthcare reform bill, and I keep coming across this. Please explain, thank you.
And please, no political opinions, just an answer to the question.
The public option is where you can choose to have insurance through the government. The option will offer basic insurance cover with none of the perks that a private scheme will have. But it will be cheaper.
The facts about healthcare are quite simple. Even though the right like to spread lies and half truths about the reforms and the need for them.
FACT – Insurance companies in the USA admit to pushing up prices, buying politicians and not paying out claims when they should [a]
FACT – PER PERSON the USA spends more on healthcare than any other nation on the planet [b]
FACT – Obama debated his plans before the election for healthcare [c]
FACT – the chance of a child under five of dying in the USA is greater than industrialised nations with universal health coverage [d]
FACT – Obama was elected by the American people to bring in change [e]
FACT – Obama wants to stop insurance companies screwing the American people [f]
FACT – The reforms Obama wants work in the Netherlands and in Switzerland [g]
If anyone can prove the facts above are wrong, e-mail me and let me know.
May
31
I am a mother of 3 young boys. At present I am staying at home. My husband works and has a small, less than $10,000, 401k. Are we safe? What should we do to prepare ourselves to sustain the economy now and if it should worsen. Our home is paid for, we have very little credit card debt, and we have to car loans under 15,000 total on our family vechicles.
Most 401k’s are invested in the stock market.
In the short term, hopefully not long term, you are going to lose money.
But, as you aren’t supposed to touch that money for 30 years anyway, you should be fine by retirement.
Just imagine if you were already retired and living on your distributions from your 401k, now that would be horrible.
Hang on folks, it is going to be a bumpy ride.
Oh yeah, buy food & stock water, we may really need it and food is the only thing going up in value.
May
31
How intelligent is anyone who thinks excessive government interference caused this economic depression?
Filed Under Economic Depression | 8 Comments
You know, the one caused by unregulated financial institutions who did what unregulated industries always do in capitalism – create a crisis.
If we had not allowed banks to sell mortgages to third parties, we would never have had this depression.
They did not guarantee any bank’s loans, you silly person.
My point is, the more you regulate financial services, the less problems you’ll have.
that’s right, illegal immigrants with credit cards caused a global economic depression! Don’t forget about fluoride in the drinking water, you dingbat!
very Intelligent as it is well known that the government deregulated under Billy Cigar Smoking Clinton, and it has always been the democrat party’s position to reward incompetence
May
31
How do you overcome depression caused by the death of a loved-one?
Filed Under Depression | 10 Comments
I have been in a relationship for 3 and a half years, and been living with my girlfriend that just passed on suddenly. I don’t have many friends, probably enough for one hand to count. I have been married before for nearly 16 years, and wouldn’t have the same amount of depression. I have signed up for berievment counselling and still waiting to. Is there anything else anyone can suggest to me, or even someone just to talk to on my down times. Please help me!!! Suggestions?
Hi Jim,
Im am so sorry for your loss. I know that words now have little relief for you. So many people are suffering from the debilitating loss of a loved one. You are not alone. If you need to talk to someone you can talk to me anytime. yahoo id is photoguys2003 that is also my email address at yahoo.com. Is there a chance that you can talk to a Doctor or professional about this? I know it might not be that much of help to you right this second but i think they can help a little during this time. God Bless you Jim
Daily Anxiety 2
p.s. Prayer has helped me soooo much.
May
31
When the kings or our financial markets came for help, we gave them 700 billion in a bill that actually cost us 850 billion including the pork, and we did it almost overnight.
Now that the kings of our equities markets (automakers) are asking for help, we are putting them through painful drudgery including scolding by Pelosi and badgering by Frank, and all for only 15 billion.
I have no personal stake in any of this either way, but doesn’t it seem a bit tilted in favor of the bankers? Can you explain why?
It’s tilted in the favor of those who contribute most to campaign contributions.
I think they call this "public service."
May
31
Gerald Celente: The USA Will Be Soon Finished. Empire Decline: Fall Of The USA: Freedom Watch
Filed Under Economic Depression | 24 Comments
Greek Debt Crisis
An article in the Washington Times has claimed “Celente’s accurate forecasts include the 1987 stock market crash, the collapse of the Soviet Union in 1991, the 1997 Asian currency crash” and “the 2007 subprime mortgage scandal.” His forecasts since 1993 have included predictions about terrorism, economic collapses and war. More recent forecasts involve fascism in the United States, food riots and tax revolts. Celente has long predicted global anti-Americanism, a failing economy and immigration woes in the U.S.[13] In December 2007 Celente wrote, “Failing banks, busted brokerages, toppled corporate giants, bankrupt cities, states in default, foreign creditors cashing out of US securities … whatever the spark, the stage is set for panic in the streets” and “Just as the Twin Towers collapsed from the top down, so too will the U.S. economy … when the giant firms fall, theyll crush the man on the street.” He has also predicted tax revolts. In November 2008 Celente appeared on Fox Business Network and predicted economic depression, tax rebellions and food riots in the United States by 2012. Celente also predicted an “economic 9/11″ and a “panic of 2008.”
In 2009 Celente predicted turmoil which he described as “Obamageddon” and he was a popular guest on conservative cable-TV shows such as Fox News Sunday and Glenn Beck’s television program. In April 2009 Celente wrote, “Wall Street controls our financial lives; the media manipulates our minds. These systems cannot be changed from within. There is no alternative. Without a revolution, these institutions will bankrupt the country, keep fighting failed wars, start new ones, and hold us in perpetual intellectual subjugation.” He appeared on the Glenn Beck show and criticized the U.S. stimulus plan of 2009, calling government controlled capitalism “fascism” and saying shopping malls in the U.S. would become “ghost malls.” Celente has said, “smaller communities, the smaller groups, the smaller states, the more self-sustaining communities, will ‘weather the crisis in style’ as big cities and hypertrophic suburbias descend into misery and conflict,” and forecasts “a downsizing of America.”
Duration : 0:9:11
May
31
President Obama addresses the House Democratic Caucus and says that the time is now to vote for health care reform for America.
Duration : 0:30:28
May
31
endtimewatchman : Quick Summary of Banker’s Bailout – 2 of 2
Filed Under Banker Bailout | 2 Comments
endtimewatchman reloaded: All videos being reposted on the behalf of endtimewatchman
Duration : 0:10:3
May
31
Economic crisis ten years of hell?
Filed Under Recession | 25 Comments
More at http://therealnews.com/t/index.php?option=com_content&task=view&id=102
F William Engdahl: US economy has been hollowed out over the last 15 years and debt load is staggering
Duration : 0:12:35