depressedallready

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    • Mon Sep 8th 10:33 AM | Rating: 0 0
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      Unemployment Data: Healthcare, Government Prop Up a Gloomy Picture
      The old saying goes..."If you think this is bad.... you haven't seen nothing yet, baby!" This is just the tip of the iceberg! I predict that by November, the unemployment will probably reach 9.5% or 10.0%! This recession (or JUST the beginning of another Great Depression!), is different than the recession of the 1970's which took about five years before our economy got back on its feet! Back in the 1970's we didn't have the depth/degree of greed/fraud in our banking/lending/mortga... industries! And our US Government has taken over Fannie Mae/Freedie Mac to stop our economy, and probably the world's economy from divebombing into a massive Great Depression, or so they say! The next scenario is WHAT other institution or institutions will our Government play the role of "the Great Rescuer?" Our government preaches, "Let the market forces carry on and work." But their hypocracy broadcasts another message and that is "rescue the mega-institutions, the mega-corporations ONLY," and let the market forces work for the middle-class and newly start-up businesses only! The continual action of our government to rescue those greedy institutions that are now going bankrupt will have a legacy of unbridled debt to the present and following generations to come! Stagflations? I doubt it! How about a continual slide of unemployment and a recession that mostly resembles the Great Depression! Have you noticed that the majority of the job losses are in those areas which previously were high-paying jobs and mostly were filled by men? Those jobs that are holding their own, namely, the health care fields and education are primarily filled by women and women, as a whole gravitate towards! Except for the teachers unions, that seem to get their perks/pay raises after each strike; no other union in which women belong to have that much power/influence! Wages have not risen in the past five years and will continue to stay flat in the next five years! Back in the recession of the 1970's the economy wasn't based or gambled on through risky credit practices such as junk bonds or packaged mortgages for poor credit risks. It goes on and on....Greed knows no boundaries and the greed of many institutions, and corporations are just beginning to be examined and published in the newspapers and the internet! The mismanagement of funds and the high risk taking of putting everything into one basket, ie. junk bonds is JUST about to come out to public scrutiny! Baby! YOU haven't seen NUTHIN' YET!
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    • Sun Sep 7th 12:31 PM | Rating: 0 0
      Commented on:
      Dell's Factory Sales: End of an Era
      Hmmm!! Selling out all their computer plants in order to "remain competitive." Trying to purchase Yahoo to compete with Google and take some of the "advertising market" away from Google. Saddled with a multimillion loss in sales from the "despised" Vista software that it tries to force down the throats of its consumers and ignoring all the signatures of its loyal customers to save Windows XP from being sent to oblivion! Not to mention that it already lost two antitrust lawsuits in the European Courts and two more are expected to be heard! Microsoft lost 65 million dollars in the first lawsuit and 165 billion dollars in the second lawsuit! They are still in the process of appealing those two verdicts. But as they say....good luck! Microsoft should have paid more attention to the saying, "When in Rome, do as the Romans do." Taking his cut-throat business purposes overseas and failing to know the business laws of the European nations has cost him dearly! Coupled with at least four lawsuits regarding infringement of patents here in the US. I would say that the handwriting is on the wall and not only has Microsoft been unable to deliver "new technology" but now is no longer in the black financially! The rooster is coming home to roost and Microsoft which was the number 4th largest corporation in the world in the year 2004 is now the 59th largest corporation in the world as of 2008. Because of the factors mentioned above, the corporation could very well be sold out to another corporation because it is headed to the path of bankruptcy!
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    • Sun Sep 7th 12:12 PM | Rating: 0 0
      Commented on:
      Friday's Employment Report: A Sobering Dose of Reality
      Let's face it! Our entire economy has been based on deceit and greed since the 1950's. Our banks and lending institutions thought up new credit tools to expand their profits to make money through a stroke of the pen! Now, these same new credit tools like CDO's etc are coming home to roost through fraudalent lending practices and fraudalent fine print contracts. The average consumer now is estimated to be sixteen thousand dollars in debt because of the easy flow of credit and the "If I can't afford it by cash, I'' charge my credit card attitude." The "I want to have it all and now" philosophy as perpetuated by the banks, lending institutions, mortgage institutions, multinational corporations like General Motors, Ford, Chrysler etc has been built on "greed, mismanagement of fiscal resources, easy credit with little accountability, and most of all BUILT ON DENIAL! Everyone has watched Wall Street and the US Government practices of printing more money on the printing presses causing inflation and at the same time spending more money then they make calling it "the Deficit"! The rooster is now coming home to roost and Uncle Sam pretends that they don't have a clue for the rising inflation rates and unemployment rates in this country! Any individual/household who spends more than they make, who live well beyond their means can expect to stay economically solvent for any period of time! If we regard these people as financially irresponsible, if not morally bankrupt; then it still applies to those governmental officials, institutions like the Federal Reserve as well! You can deny all you want that massive government deficits will not effect our economy, businesses in general, and the general populace but fiscal irresponsibility and outright greed has repercussions whether the individual practices them or the US Government/corporation... practices them! The rooster is coming home to roost and the era of instant greed through contrived credit tools/institutions is fastly coming to an end! Our government's uncontrolled spending as seen in the unbalanced budget will be seen in generations to come! Straddled by the costs of our government's deficit and the tightening of credit accross the board, our United States will no longer be the world's number one power. We will be looking inward to help solve our problems that we created through unbridled greed by both the large corporations as well as through our elected officials of our government. Both the House and the Senate have been bought out by special interest groups, unbridled spending, pork barrel projects, etc. Our nation will be headed to the same direction/destiny of Rome.....Economically bankrupt and morally bankrupt!
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    • Fri Aug 8th 12:22 PM | Rating: 0 0
      Commented on:
      WaMu Borrower Purposely Defaults, Gets Foreclosed On, Sues
      There is so much fraud today in the banking/lending/mortga... institutions that it would be VERY wise to "hire a lawyer" to read the "fine printed contract" to cover your A*** against "unscrupulous&quo... money/credit lenders! IF in court these people proved that they went to WaMu to reconsider their loan to make it affordable, I would say that they have a "legal right." The fact that THEY contacted WaMU "in good faith" to keep making payments but that they could, for the moment, not be able to pay the going rate demonstrates to the Courts that it was WaMu who violated the rights by not opting for lower payments! "Good Faith" and willingness to keep making payment is ALL that is needed in a court to prove the point for the consumers. I feel that WaMu and other credit organizations have gone too far and as the credit market tightens even more, there will be this vicious circle of "defaults" and "foreclosures&quo... UNTIL there will be the action upon the Justice System and Political laws and regulations to protect even the creditors against "unscrupulous and unfair credit practices" by the major credit lending institutions. The key word for litigation/rights is "Good Faith."
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    • Fri Aug 8th 12:04 PM | Rating: 0 0
      Commented on:
      The End of U.S. Financial Domination
      I laugh at those people who THINK that gold/silver/platinum will "protect" their assets when the dollar shrinks in value like that of the "Weimar Republic!" There are perhaps only a few thousand precious metal investors out of a total 200 to 250 million American citizens. So.....when the value of the dollar drops to forty cents or less OR becomes inflated like that during pre WWII Germany, the Weimar Republic those individuals with gold/silver will be able to barter food/shelter etc with their buillon and NOT be noticed by those individuals who have "relatively worthless fiat money?" Guess what! I hope you have plenty of guns/ammo because once your gold/silver is spotted by the "less fortunate" YOU will become the target or "criminal minds." Globalism has so intertwined within all countries, all cultures, all business/corporations that when "America sneezes, Europe will catch cold!" London is purported to be the "New York" of Europe with regards to business. When our leaders realize that UNLESS WE stop being the "policeman" of democracy/terroism throughout the world because it is fastly becoming bankrupt; then Europe will have to pick up the tab for their own countries against Islamic extremism! ALL the countries of the world are run on "fiat currencies." All the other countries of the world are now experiencing the same problems that the US is with regards to "credit," and mortgages. Russia is the only country who is now on the "gold standard!" Looks like a "New World Order and a New World Government" is just around the corner! Just a fluke? It has been said that NOTHING in politics or finances is coincident but rather has been planned and implemented by such groups as the Bilderburgs, Illuminati, and the Banking interests for world domination! By the way, the Federal Reserve IS NOT a governmental department but is privately owned by the large banking corporations here in the US and abroad! Looks like Thomas Jefferson was right when he said that the Banks who could control the movement/flow of money can control the nations of the world!
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    • Fri Aug 8th 11:36 AM | Rating: 0 0
      Commented on:
      Is Microsoft Out of Ideas?
      When you research biographical articles on Bill Gates you come to the realization that Bill Gates is more of a bussinessmen than an innovator of "new ideas." He took the invention of the computer and masterminded "sweetheart" deals with third party software companies. He openly admitted that he routinely went through the waste baskets of the programers to get "fresh ideas" with regards to his operating systems. He purchased Windows XP from a computer programer. Like General Motors, Ford, and Chrysler, Microsoft (Bill Gates) has never listened to the wishes of computer owners. There were thousands of signatures from Windows XP users to request that Windows XP would still remain in existence along with technical support. Nope! instead, Bill Gates was determined to "force the public" to purchase VISTA which
      was not accepted by the consumer! This has backfired on Bill Gates! VISTA sales have plummeted with or without the existence of Windows XP! Now, he is hoping to obtain revenue through the purchase of Yahoo! Sorry! When Microsoft tried to recapture some of the revenue through the invention of zune, a Microsoft copy of IPOD, it failed miserably! Now, once again, he is attempting to capture needed revenue through obtaining Yahoo in which is thinks will capture some of that revenue from Google! Fat chance! The decrease in Microsoft software sales has been boom for Apple computers and now that You Tube has shown to the public, the stability, ease of use, and the low costs of Linux software, Linux Ubuntu and all other Linux programs like Mephis, Mandriva 08, Fedora 08, Suisse, and about 70 other Linux OS programs are starting to get recognition by the computer/business consumers as well as the school systems en masse throughout the US!
      The number one lesson that big corporations have preferred to ignore when then become a mega corporation is that YOU NEVER EVER EVER dictate to the consumer WHAT they will or will not purchase! Arrogance sets its own downfall! General Motors, Ford, Chrysler have always pursued this dictate along with the "short term profits." There has been NO articles on any "new projects" of Microsoft, unlike Apple's or Linux! When any large corporation does NOT have a well-funded research and development team, its financial future looks grim! Unless Microsoft starts to implement programs for new products rather than trying to copy other products/services from other competitors, i.e. IPOD, Google; their company will start its downward spiral pretty damn fast!
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    • Fri Aug 8th 10:52 AM | Rating: 0 0
      Commented on:
      Wake Up America, You’re Sinking
      Bulleye! Right on the mark once again! I always wondered why the FBI and police can manage to catch the felons with their "sophisticated&qu... database but we can't find/track the "illegal aliens?" This argument makes a lot of sense, something most people probably didn't even think of! Unless our economy gets off the "fiat" money standard our economy and standard of living WILL go downhill BECAUSE our politicians, bankers and especially the Federal Reserve both act and believe that putting more money out into the economy will not only keep our economy from sinking deeper into the recession or a major depression but more important, our government has and takes no responsibility towards its citizens. Our government is so accustomed to the "quick fix" that it can no longer believe that the days of "quick fixes" are permanently gone! EVERY country that has gone off the "gold standard" has encountered massive disruptions in the economy and the steadily demise in the accustomed standard of living! Those history lessons are even NOW being ignored! England was the number one power during the 18th and 19th century! It only took seventy to one hundred years and England/Great Britain has also become a third world country with regards to political and military power!

      Our country, like Great Britain has been accustomed to "military intervention to problems. Our government can no longer continue its pursuit of military operations throughout the world or like Rome, the constant monetary strain in the maintenance of our military operations will result in the demise of our country....to that of a third world nation. History does not lie and if this country continues to maintain/pursue such policies, we will also experience what the past countries/cultures learned firsthand!
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    • Wed Jul 30th 10:03 AM | Rating: 0 0
      Commented on:
      Why the U.S. Dollar Will Continue to Lose Value
      Right on Target! A lots of good "common sense." But YOU forgot one thing! In this "globalization economy" WE won't be the ONLY economy to "go down the drain." Many financial news articles now state that India's economy has already "hit the wall" and that a lot of other world economies are already experiencing problems like India's. Globalization is a "two-edged sword." It works like a gem for US business who wish to save money from labor costs and "other costs" but once ANY "fiat" or paper money currency encounters a specified number of financial/economic crises; it fails and collapses! How many European/Asian companies have their monetary investments tied into the American economy/financial institutions? With this being said, the old saying still applies...."When America sneezes, Europe catches cold." If our economy crashes, it won't be long before the "metal" of "globalization&qu... will be put to the test! Russia now is on the "gold standard" in anticipation of the "awaited moment of the collapse of the US economy. But what IF the rest of the world's economies currencies collapse as well because the gold standard has been abandoned in Europe as well! Like a house of dominoes, all it takes is the weakest link to start the momentum of collapsing economies throughout the world....and it DOESN'T take an economist to see this as a very important and plausable scenario from occurring!
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    • Mon Jun 16th 09:37 AM | Rating: 0 0
      Commented on:
      Life Without Microsoft Is Possible
      Fact: Microsoft was the fourth largest corporation in the world in 2004. It is now the 59th largest corporation in the world. Fact: Windows XP is the least secure OS system. Check with Gibsons Security in your browser to find out, that despite security updates, it is still very open to hackers. Fact: MOST IMPORTANT.....the "sweetheart" deals Microsoft has with its vendors which made it super wealthy and a monopoly is now cracking under the weight of "bloated software", lost court cases stemming from broken anti-trust laws in the European Union. There are two more cases in the European Courts yet to be tried. Fact: Knowledge about Linux software as "Open Source" translated....means free or cheap is first coming out in droves over the internet. Fact: Linux is NOT difficult to learn because it IS open source there are more collaborative efforts to make it more easy to use and more secure every year! Fact: Linux is NOW becoming the choice of Operating Systems throughout the world. Is has been estimated that since 2008 anywhere from 35% to 45% of business has changed to a Linux program primarily because of the security issues, i.e malware and phishing. Linux server, Unix, is the most secure server in the world and is backed 100% by IBM. IBM plans to invest in Linux for the next ten years at a cost of $60 billion dollars. More educational systems throughout the world are changing to Linux, Ubuntu.
      Fact: Every possible avenue in which Microsoft hopes to make inroads such as "on line advertising", "gaming", etc has established competitors, ie. Google, Sony, etc. Fact: Microsoft threatens its competitors with litigation for infringement of its patents, yet refuses to publish or go to court with its source codes to prove that its patents have been infringed upon! FACT: The OEM computers with its cheaper prices were initially shunned and ignored by Microsoft as "unprofitable&quo... but were sold to Linux are now one of the biggest sources of revenue. More and more business are purchasing them rather than individual consumers! FACT: Microsoft is being turned down by many countries who prefer to go the "Open Source" route for their schools/universities. Brazil is the latest country to decline Microsoft's offer....remember, strings are attached later on! Fact: Many competitors such as IBM, Novel, Sun Systems, Cisco, etc are consolidating their legal resources to negate the PR and possible legal claims of Microsoft with regards to patent infringement. The list goes on.....But one thing is for sure! All the EULA agreements, all the bloated software, all the "sweetheart deals with other software vendors" is now common news in the internet and is beginning to have a "boomerang" effect on Microsoft. The arrogance of this company to both its customers and its competitors is mind-boggling! I have always remembered this saying, "Be careful of how you treat people (or companies, for that matter!) because the same people you meet going up will probably be the same people you meet going down!
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    • Tue Jun 10th 10:51 AM | Rating: 0 0
      Commented on:
      The Market Sees Microsoft Losing Its Grip
      I came across an article on the internet that stated that in the year 2004 Microsoft was the fourth biggest company in the world. Now, as of 2008 Microsoft has dropped down to the 59th position. Portents of things to come? I believe so! All the money this man has made, is still making, is being eroded by three primary trends. These ongoing trends are: 1. Consumer dissatifaction with Microsoft's treatment of consumers, their needs and their wishes i.e. stopping technical support for Windows XP and then telling customers/consumers that Windows XP will "expire" by 2009! 2. Increased prices for internet protection which can be breached by "hackers" 3. Increased threat of "identity theft" along with that the exponential and growing problem(s) of "malware", tool kits (can now be purchased on the internet!), computer bots, etc. But the biggest problem Bill Gates is facing is the loss of "complete trust of the consumer.!" People are being "TOLD" what they can have and what they cannot have by Microsoft and the pricing of upgrades at a clip of $150.00 per year is WHAT people are rebelling against! Enter the emegence and biggest threat of Microsoft, which they are not commenting about but actively fighting, and that is OPEN SOUCE SOFTWARE, ie. LINUX. For around $35.00-$40.00 a person can purchase Linux software such as Ubuntu, or Fedora 8, then a firewall for your computer and a firewall for the network. Also, an individual can purchase excellent graphics, video/audio software. Extra software can be downloaded and burned for free or ordered on CDs for a minimal cost of anywhere from $2.00 to $6.00 per CD! Software is either free or minimal in cost and what more, the security is right up there along with Mac computers! Linux has come a long way and is relatively easy to install, even for newbies! Microsoft also fears "Open Source Software", ie. Linux because it is now taking over Low cost computers. Schools within this country and especially overseas are opting to replace Microsoft for Linux! Because Linux is Open Source Microsoft is unable to prosecute them in the US Courts! They still keep on threatening Linux with threats of suits but NOT ONE suit by Microsoft has gone to court! IBM supports Linux 100%. The European Courts have found Microsoft of violating anti-trust laws and must pay the European Union 60 million dollars for one lawsuit and 160 billion dollars for the other lawsuit, which they also lost in court! There are at least two more court cases against MIcrosoft in the European Union Courts! Yes, Microsoft is loosing their edge because their ruthless business practices against their competitors and their "arrogance" towards computer owners and new customers! The bullying tactics shown towards their competitors, and their arrogant attitudes shown to the consumers en large has provoked many to "look elsewhere" to look for "other, or alternative solutions" such as Linux or Mac computers! The first step is loosing the market is to become arrogant, to dictate towards consumers/business what they can have or not have! If you don't think this is possible, remember that GM, Ford, Chrysler were number one for car sales and now it is Toyota! There are two sayings that are applicable to Microsoft now and as predictors for Microsoft......"w... goes around, comes around" and "Pride comes before the fall.)
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    • Tue Jun 10th 10:05 AM | Rating: 0 0
      Commented on:
      Adjusted for Labor Force Growth, Today's Jobless Claims Are Below Average
      I remember a professor in the "college days" who described statistics as the science that one can manipulate at will to get the desired results." All the statistics quoted in the above article is meaningless because THIS current recession is going by "new rules" which very difficult to discern and be accurately interpreted.

      Yes, while it is true that we are NOT at this moment undergoing the classic interpretation of what a recession is ( three consecutive quarters of...) but the rules "are a changing." Common sense is conveniently overlooked. More men are victims of this recession that the past recessions. It is no longer the bear market versus the bull market but more like the actions of a "few" (banks and investment banks) snowballing into the rest of the economy. It is the intervention-meddling of the "speculators"... keeping the price of crude at an artifical price, not at the "market value."

      As far as statistics showing that employment is steady and that there are fewer claims for unemployment for the months of..... That argument can be shot down through the common observation of people who have exhausted their unemployment claims and still can't find work. The longer a person is unemployed, the longer it takes to find employment; or so that is what they say! The areas of manufacturing, construction, and investment banking are now the "weak" sectors of the economy and are facing more and more lay-off's. Major investment gurus and economic soothsayers like Jim Rodgers, Warren Buffett, John McAlveney are all saying that this recession (which we are in now) will NOT have a "soft landing" and will be deeper and longer than possible! Manufacturing, Investment banking, and construction are primarily male dominated and are the hardest hit jobs because of the Mortgage lending crisis and the resulting tightening of credit/lending. As for me, these statistics are meaningless because wives being the "breadwinner of the household" is a growing trend! When unemployment benefits "run out" the old saying kicks in, "out of sight, out of mind." Unemployment is greater then the statistics show because if the US Deparment of Labor connected with those individuals whose unemployment benefits were exhausted or run out; you would find that the unemployment statistics would be higher than 5.5%. I wouldn't be surprised if the TRUE unemployment rate would be closer to 8.0% or MORE!
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    • Thu Jun 5th 18:51 PM | Rating: 0 0
      Commented on:
      Jim Rogers: Fed Policy is 'Outrageous'
      Since I saw on You tube a mini-series about the Federal Reserve, I have come to the conclusion that the Federal Reserve and its policies dovetail with the aims of "globalism" and the "one world government" policies. It was mentioned that President Bush had a great uncle who was on the Federal Reserve......something like the fox watching the hen-house! Our government and its elected officials care nothing but "globalist" agenda! Jim Rodgers mentioned the half-a... policies of the Fed as compared to "free market practices". WHY, or WHY is the Fed attempting to bail out the greedy bankers, lenders etc? Nobody bailed out the credit unions some years ago when they practiced greedy practices! Now the Fed wants to bail out those who should be sent packing? You go, Jim Rodgers! I am not into investments but your "foresight" and "common sense" is a breath of spring! And I am sure that alot of "common folks" can see right through the "double speak" of not only the Federal Reserve but also of the Democrat/Republican parties and those who serve in government today! Don't blame President Bush for the mess we are in today! Although a ten million dollar price tag for being in Iraq for one month is part of the problem; the real problem is an accumulative effect from ALL the past presidential presidents who acquiessed to the special interest groups, pork barrel projects, big money from globalists (one world government aims) and secret societies like the Bilderberg Group whose members and agenda are afforded the utmost secrecy/protection when they set the monetary policies of not only America but what will affect the world as a whole! Jim Rodgers does not have in head in the sand by saying everything will be OK like Sir John Templeton (who incidentally has moved to the Bahamas), Nor, does he believe what Warren Buffet believes, that our Recession will be long and hard and eventually we will be back to doing business once again! Jim Rodgers believes that most Americans "have a brain" and can see through what the Federal Reserve and our Government policies are up to! What better way is there to implement a "One World Government" than to actively participate/implement/... into action plans/policies that would eventually bring upon not only the death of the "American dollar" but also the eventual demise of the euro dollar. Jim Rodgers knows and predicts that, like that old saying...."When America sneezes, Europe catches cold!" When the American economy goes (via Federal Reserve
      policies) so will the rest of Europe! Or as they also say...."No man is an island!. If Sir John Templeton has such a "positive outlook for the American Economy, why has he moved to the Bahamas and forsaken investments in the Euro dollars? The next Great Depression brought upon America and the World et large will be instigated by BOTH the interplay between the Bilderburg Group AND our Federal Reserve Policies!
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