Another Great Depression Has Begun: (the tell-tell signs-Hard to dispute these)

The best professional poker players in the world earn millions by reading and reacting to “tells," their opponents’ verbal and nonverbal traits. They notice the way an opponent is smiling, frowning, laughing, tapping their hands, sweating, or blinking their eyes. All these “tells” can be a sign of their opponent's cards. The ability to read "tells" is the difference between living the life of your dreams versus bankruptcy and depression.

The same holds true in deciphering our economic troubles. If you’ve been paying attention to the news, several ominous signs have appeared that foretell economic disaster.

First Sign:

The first sign is the fact Bill Gross, head of the world’s largest bond fund (PIMCO), has just sold all his domestic government bond holdings. Every single dollar. In my opinion Bill Gross is one of the 10 smartest men on this planet. He knows everything about the economy and bonds. His sell-off indicates he believes local, state and our federal government are all on the verge of disaster — insolvency, bankruptcy, and default on bond obligations. To make matters worse, Gross disclosed he bought emerging market bonds with the money from the sale of U.S. bonds. That means Gross has more faith in Brazil, Russia, and African nations than in the Unites States.

Second Sign:

Wall Street insiders are startled at how much money the Fed is pumping into the financial system. With over $500 billion pumped in during just the past three months, the vertical line for 2011 now reaches straight to the stars — a sign of complete financial panic. The last time such large amounts of money were pumped into the system was in the fall of 2008, when the U.S. economic system was on the verge of epic collapse

Third Sign:

The next “tell” is that secretive Fed officials normally do not talk publicly about how bad things are. That’s why it is so frightening that, only days ago, Dallas Federal Reserve President Richard Fisher admitted in a media interview “the U.S. is on a fiscal path towards insolvency.” When a Fed official talks about “fiscal insolvency,” it’s time to get concerned, very concerned.

Source: www.newsmax.com...

Please see the main article for additional info and talking points of concern.

Well, as I said, hard to dispute thses signs, as presented. But honesetly, aren't we all pretty much expecting some heavy boots to fall-soon (in reference to the USA economy)?

I thought things were on the upswing around where I live and then I see now, they aren't. A minor fluff in the the money to the area but over all things aren't getting better. Not enough and not fast enough is for sure.

But, a small group of folks continue to support Obama and how he is running the country and it continues. Elections have consequences. Thank you for showing us that Obama.

And, I dare say, You'll be EATING those words very soon. And a lot of you cronies too. But, I have to say, this has been turned into a good thing in the big picture.

Unions exposed for the corrupt entities they have become, Political dogmas exposed and highlighted... and monitiored. The Dems true sociallist colors have been exposed-and that means Obama too.

It will only get worse before it gets better. However it will never get better if we do not make some changes in fiscal policy. Hard choices have to be made. If we do not, then the republic will fall.

I've been walking the path that prior to any next market crash the elite will drag us into a major conflict, and all the actions in the meanwhile have been to buy time to set this up..

My reasoning is quite simple, without any new wealth creation (and new jobs) we are stuck in this decline.

Personally I would prefer a crash and rebuild... but I really can not see those holding to power risking losing their grip on what wealth there is, nor miss the opportunity to cripple any up and coming nations, stealing their wealth and saddling them with the debt.

I dont understand? Did they lose power to their Money Mill's?? I thought the amount of government resources was dependant on the population of their governing Country's.. Possibly if the populations take a plummet due to say ummm maybe a radiation fall-out then the governments will begin to cripple.

When the australian dollar is at 103.06 cents against the american, I truely believe there is something wrong. That is the highest I have ever seen it since I have been alive. And from what the experts are predicting it could be going higher. Isn't that bad for your trade or something?

reply to post by Redevilfan09


It would be great for American exports (a low dollar) if only we still made anything to export!
American industry has been gutted and sent overseas where cheap labor is king.
Hail WalMart!

reply to post by Asktheanimals

Agreed. Low dollar values make imports more expensive thus reducing our purchasing power.

I agree the signs are all there the only thing missing is the peoples ability to recognize them.

So what you are saying is, you have sent everything overseas, and now it costs the USA more to bring it back into the country, and while yous are doing that its costs your country more also when the product is bought aswell? sorry I don't understand the stock market very well, and come to think of it this is the first time I have actually replied in a thread about it.

wealth has no loyalty, corporations have no loyalty. they know only one thing, increased profits. it doesn't matter to them if an economy fails, a country fails, or people die, they simply move on to the next location or entity, where they can increase their profits.
this is the reason strong governments are needed, free from (or as close as possible), the monied influence from wealth and corporations. one of governments main responsibility is to provide protections for the rest of the population in the form of regulations and levys (taxes), while at the same time providing room for entrepreuership, and upward mobility for the rest of its people. the wealthy do take care of themselves quite well.
unbridled wealth accumulation leads to kingdoms, dictatorships, or facist fiefdoms, amply documented over thousands of years of this worlds history. when this happens, states and countries collapse under the sheer mass of corruption, leaving the general populations in tattered economic ruins.

What upsets me is that the media does nothing and says nothing about it.

Stay focused on Japan, Linsey, etc and no one will notice that Rome is burning.

I guess the Obama defenders are staying clear of this particular topic.

I didn't think that would be the case.

But, when so much is correct, guess it is hard to defend the other side

reply to post by anon72


Where have you been? We've already HAD a depression, thanks largely to Wall Street, and we are now slowly beginning to recover. Many major corporations are posting record profits and the folks on Wall Street and in the banks are fat and happy again. The middle class, however, is rapidly declining, as it has been since the 1980's, but that would happen regardless of the recession/depression.

I'm not here to argue economics with you. It's been done many times on here before.

Suffice it to say that massive amounts of money infused into a country's economy will improve it considerably. More cash infusions equals more money circulating, more products being bought, more demand for production, more people hired and paid, more money to lend, etc. etc.

On the other hand, if money stops circulating freely, the economy shrinks. Herbert Hoover tried this strategy during the Great Depression of the 1930's. The economy collapsed. The tent cities of the unemployed were called "Hoovervilles" in his honor.

"Trickle down" economics has only served to increase the wealth of the top 2% of the population by over 100% since Reagan, while wages for the middle and working classes has risen on average only 4%, and that, of course, has been indexed for inflation.

It's good to learn from history.

Clward-Piven strategy.

It's working.

We're doomed.

reply to post by Sestias


Apparently you don't believe the Obama Admin when they say there WASN'T a depression, right?

I believe you are getting Depression and Recession mess up. IMO

reply to post by anon72

As I understand it, it was and still is a serious recession. I use the word "depression" because that is certainly where the world was headed, and I give a nod to people if they want to use that word.

We have not been in nearly as bad a shape as we were during the Great Depression of the 1930's. Without interventions like the bailouts, however, we and most of the rest of the world would certainly have gone down the tubes as we did 80 years ago.