Alex Ansary UNN Newsroom September 28, 2011 In August, No new jobs have been created. A new report says the number of new jobs roughly equaled the number of jobs lost. the length of the average workweek fell slightly to 34 hours. This is the first time a jobs report has come in at zero since February 1945. The AP reports that unemployment for young people is the highest since World War II, and they risk living in poverty more than others – nearly 1 in 5. China has stated their plan to liquidate US treasuries. Their central bank plans to down their portfolio of US debt as soon as possible. Li Daokui at the World Economic Forum say that they intend to move from foreign reserve holdings to physical assets including stakes in Boeing, Intel, and Apple. He said Once the US Treasury market stabilizes they can liquidate more of their holdings.. All this after five of the world’s top central banks moved to flood the markets with dollars. The European Central Bank said it will work closely with the Federal Reserve, the Bank of England, the Bank of Japan, and the Swiss National Bank. Their plan is to offer 3 month loans to banks until the end of the year. The FED has just launched their ‘Twist’ stimulus initiative….sure to be packed full of lemons… They The Fed plan spend about 0 billion buying back bonds maturing withing 3 years and swapping this for longer-term debt. They claim this will help boost loans and keep interest rates down yet this plan puts no money directly into …
Why does it take Glenn Beck to put these pieces of the puzzle together? What is the mainstream media reporting on? Why do they not get it? Are they so much in love with Obama that their judgment and reasoning have left them, and now they are inept? I wonder how much longer they can hold this fiscal house of cards together. This is all going to catch up with us eventually; it’s just a matter of time. There will be come a time when faith in the United States will end; they will not believe us anymore, they will have lost confidence in our government. If you go to your bank you will see an FDIC sign that states how your deposits are “backed by the full faith and credit of the United States”. When people read that sign and then start laughing hysterically, then you will know that the end is near. That is why President Obama is acting so serious about the debt lately; he does not want the rest of the world to lose their confidence in us, especially China. jbranstetter04 Mr Luo, speaking at the Global Association of Risk Managements 10th Annual Risk Management Convention, said: Except for US Treasuries, what can you hold? he asked. Gold? You dont hold Japanese government bonds or UK bonds. US Treasuries are the safe haven. For everyone, including China, it is the only option. Hey, in a world filled with anti-Americanism, thats refreshing. At least someone loves us. Or maybe not: Mr Luo, whose English tends toward the colloquial, added: We hate you guys. Once you start issuing …
For the latest Marc Faber, go to MarcFaberBlog.com – In a recovery like we have now, risk appetite is coming back. Because of that, silver may outperform gold for a while. If you want to store your own monetary metal, gold is more compact and easier to store. The Chinese have very large reserves, and when they look at Bernanke they don’t want to do business with him. For this reason, they are buying things like gold and copper. Resources for them are a top geopolitical priority because they are naturally poor in those resources. They don’t trust the dollar anymore, and rightfully so. The Chinese recently announced that it had acquired more than 400 tons of gold, and once the market was made aware of this news, the price rose sharply. Once the government debt is sufficiently large, the government bond market will break. The temptation will be to keep interest rates artificially low. Some Harvard grads have proposed that there be a negative interest rate in order to stimulate the economy. It is mind-boggling what kind of nonsense these people think. But this is exactly the same state of mind at the Federal Reserve. Without inflation, the entire system would have completely collapsed. They are postponing the true solution. The United States government currently has a AAA credit rating, but there is no way that they deserve that rating. They will keep lending money to banks for free, and this will lead to more unintended consequences.
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Channel Sponsored By: www.topstocks.com.au Sign up for a free account today Hillary Clinton begs China “Buy our Debt!” http
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