Wednesday, June 1, 2011

US Economy Falls off Cliff!



By Reginald Kaigler (DEMCAD)

Mike Riddell, a fund manager at M&G Investments in London, seems to be experiencing what a lot of money people are starting to experience: REALITY.

"The last month has been a horror show for the U.S. economy, with economic data falling off a cliff..."


That's because it is falling off a cliff. The stimulus money has run out and the money printing has fail to save the economy. But it has succeeded in pumping inflation. The Japanese disaster is finally catching up with us. Japanese auto exports collapsed by almost 70%. Riddell writes,


"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently,"


Let's see, pending home sales dropped by 11.6 percent in April. That's right! Over 11% in the middle of the Spring. Wholly rusted metal, Batman! Riddell continues,

"US house prices have fallen by more than 5 percent year on year, pending home sales have collapsed and existing home sales disappointed, the trend of improving jobless claims has arrested, first quarter GDP wasn’t revised upwards by the 0.4 percent forecast,"


In the week ending May 21, initial jobless claims hit 424,000. That's 10,000 more than the previous week and well above pre-2008 depression numbers. And yes, I used the D word. There is no recovery without a sizable increase in employment. The only people who are experiencing a recovery are the crooks on Wall Street. But now the market is being hit. So let's see if Michael Ruppert's economic collapse prediction comes true. He said July, by the latest.

April Japanese Car Exports Collapse, Down 68%

U.S. Pending Home Sales Show Steep Drop In April

Horror for US Economy as Data Falls off Cliff

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

2 comments:

  1. This would be a particularly good time to get to know a local farmer or two. Why? When the SHTF scenario happens guess who will need to eat? YOU!! Also, guess who will need farm hands when fuel isn't accessible or affordable, and who will also need farmhands to protect the crops in the field. The best way you can do this is to visit your local farm market, get to know the farmers (and maybe purchase some healthy food) and at the same time seek out those who are "awake" as to what's going on in our once great country. Sure you can attempt to grow SOME of your own food, but how much can you really grow on your own? Amish farmers have no problems feeding themselves, but they obviously work as a team and have a great deal of experience... THEY don't need YOUR help, but... the conventional farmer will. Do yourself a favor today and write out a SHTF proposal letter to a farmer, then put yourself in their shoes and read it back to yourself. If it seems to make sense and doesn't come off as a "the world is going to end" doom and gloom letter, distribute the letter to a select few farmers who you've come to know. In order of normal condition needs, this is your priority: Air, water, food, shelter and protection. Heat would be combined with shelter if you live in a northern climate. Best of luck to all who read this. davemayton@gmail.com

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