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Thread: Your "Economy" summed by michaelr.......you're welcome

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    Fund Manager Warns Puerto Rico Default May Trigger A “Black Swan” Derivatives Melt-Down

    The banks think that they can renege on their CDS. That ain't gunna happen.

    Bond Insurers Crash, Hit by Puerto Rico’s Default Shrapnel


    Let's not forget, within days to possibly 3 weeks, Ukraine defaults. The IMF itself will be fighting for it's life, because quite frankly no one can bail them out.

    The hidden dismantle of the Petro-Dollar mechanism has been eerie, mysterious, and full of intrigue. The Gold Standard will return, but through the trade window. The solution to the untreated Global Financial Crisis is the gold route. The Eurasian Trade Zone will be built upon the gold route, and see a revival of the Silk Road. It cannot be stopped, not even by war. The safe haven is not the USDollar, but rather Gold & Silver bars & coins, otherwise defined as money.


    There is a new number floating around for gold. I have seen it used for about three months.

    Would you believe $64,000 per ounce.

    I don't know the first time this figure was used, but if the world returns back to the gold standard, the 64K sounds right.

    Anyway, the next link is responsible for the above quote. I have to agree, although and as I have said before, putting dates to this is my weak suit. That said, our economy is shit. You know those supposed rosy unemployment figures, every they're released the dollar tumbles. That says allot. The game can't go on forever. The reasons within the links are in themselves not enough, but combined, and on this economy, more then enough to end the dollar as we know it by the end of the year.


    US dollar will not survive 2015

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    PAYROLL REPORT IS A DISASTER

    More false data and false hope from your friends at the BLS.

    The LPR bottomed out again....



    Not since 1977 have we seen these numbers, and yet some clowns still lie and claim massive job increases.

    The number of full time jobs plunged 349,000 whilst part time jobs went up 161,000...




    There are more charts in the article, but this is the biggie. Here is why we have contraction.




    This is the most insane excuse for an economy that this nation has seen, bar fucking none!!

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    Record 93,626,000 Americans Not in Labor Force; Participation Rate Declines to 62.6%


    Another 93,626,000 did not participate in the labor force. These Americans did not have a job and were not actively trying to find one.
    Of the 157,037,000 who did participate in the labor force, 148,739,000 had a job, and 8,299,000 did not have a job were actively seeking one—making them the nation’s unemployed.

    The 8,299,000 job seekers were 5.3 percent of the 157,037,000 actively participating in the labor force during the month. Thus, the unemployment rate was 5.3 percent which dropped from the 5.5 percent unemployment seen in May.

    The number of employed Americans dropped from 148,795,000 in May to 148,739,000 in June, a decline of 56,000. The number of unemployed Americans also dropped over the month from 8,674,000 in May to 8,299,000 in June, a decline of 375,000.
    ...and yet the government and their shills are claiming there were jobs created, again, when the data proves the opposite!!

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    WORLD CRISIS: SHANGHAI INDEX CHINA SYNDROME MELTDOWN CONTINUES AS BEIJING SUSPENDS MORE THAN 20 SHORT-SELLING ACCOUNTS

    If y'all knew how much of the DOW is driven by margins you might freak out. All I know is that margin calls are at or near record high, and that is insane. We're due for a selloff, it's weird that it's taken so long, then those margins default. Boom!

    NYSE Margin Debt: A 1.6% Decline from Last Month's Record High

    CRAZY!!!

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    Guess What Happened The Last Time The Chinese Stock Market Crashed Like This?

    The second largest stock market in the entire world is collapsing right in front of our eyes. Since hitting a peak in June, the most important Chinese stock market index has plummeted by well over 20 percent, and more than 3 trillion dollars of “paper wealth” has been wiped out. Of course the Shanghai Composite Index is still way above the level it was sitting at exactly one year ago, but what is so disturbing about this current crash is that it is so similar to what we witnessed just prior to the great financial crisis of 2008 in the United States. From October 2006 to October 2007, the Shanghai Composite Index more than tripled in value. It was the greatest stock market surge in Chinese history. But after hitting a peak, it began to fall dramatically. From October 2007 to October 2008, the Shanghai Composite Index absolutely crashed. In the end, more than two-thirds of all wealth in the market was completely wiped out. You can see all of this on a chart that you can find right here. What makes this so important to U.S. investors is the fact that Chinese stocks started crashing well before U.S. stocks started crashing during the last financial crisis, and now it is happening again. Is this yet another sign that a U.S. stock market crash is imminent?
    I only got one....OK, two questions. How long can the feds keep the manipulation of the entire US up, and is the the year when they pull the plug on it?

    I believe that I know both answers.

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    What about the roundups that were supposed to happen last month?

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    Quote Originally Posted by NuYawka View Post
    What about the roundups that were supposed to happen last month?
    That's a different thread troll!

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    Quote Originally Posted by michaelr View Post
    That's a different thread troll!
    All of your threads are dire predictions of impending hell, which of course, is too intelligent for any of the rest of us to understand (considering how stupid we all are and such) sooooo.... six of one, half a dozen of the other.
    Last edited by NuYawka; 07-03-2015 at 01:57 PM.

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    Quote Originally Posted by NuYawka View Post
    All of your threads are dire predictions of impending hell, which of course, is too intelligent for any of the rest of us to understand (considering how stupid we all are and such) sooooo.... six of one, half a dozen of the other.
    So this crash is a prediction? Your resentment is noted, for all the good that does.

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    Quote Originally Posted by michaelr View Post
    Record 93,626,000 Americans Not in Labor Force; Participation Rate Declines to 62.6%




    ...and yet the government and their shills are claiming there were jobs created, again, when the data proves the opposite!!
    You do realize that all the data are coming from the government? One survey shows that non-farm payroll hubs went up and th he other says total employment is down. Different sample universes, definitions, time periods, and reliability.
    "It ain't bragging if you can do it." - Dizzy Dean

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