The US economy added more jobs than economists had been expecting in July, according to a report released Friday from the Department of Labor, and the IT sector did its part to push up the numbers once again as it has since the beginning of the Great Recession five years ago. According to the July jobs report (PDF), the private …
System Terminal Meltdown ...... Ponzi Capital Collapse
Don't believe anything official you hear because .......... Ben Bernanke, the chairman of the Federal Reserve, has said that official economic data may mask the "struggle" that many Americans face,.. .... Debt Crisis
And you can bet your bottom dollar that the situation is always a great deal worse than it is ever admitted ... or not admitted.
5 years on from the systems collapse and what has changed? Apart from nada/zilch/nought and greater mountains of toxic debt, that is?
Re: System Terminal Meltdown ...... Ponzi Capital Collapse
And who said the system isn't rigged and run to anonymous crazy orders from the psychotically delusional, aka the fiat currency/virtual money power brokers whose operating systems are hacked and cracked wide open ........ In the 27-page complaint, the New York State Department of Financial Services said that Standard Chartered showed "obvious contempt for US banking regulations" and pointed to an email reply from a bank executive director to a New York branch officer.
"Who are you [Americans] to tell us, the rest of the world, that we're not going to deal with Iranians," the complaint quotes the director as saying.
Standard Chartered said: "The group is conducting a review of its historical US sanctions compliance and is discussing that review with US enforcement agencies and regulators.
"The group cannot predict when this review and these discussions will be completed or what the outcome will be." ..... http://www.bbc.co.uk/news/business-19155577
And the problem is not one of a few rotten apples in the barrel, it is one of rotten barrels of apples. Comprendez? And is it ignorance or stupidity which help you to disbelieve that simple obvious truth? Or is it something else you would care to dare share to explain your dependence on that which so easily destroys you with its manipulation.
Don't call this democracy...
Other than Fox News (and its minions), nobody here blames the Obama administration for the "Great Recession". We know 8 years of Bushish war fighting, Clinton's mistakes sleeping with the banking *industry (ha), Regan and... well Regan's puppet handlers, allowing gamblers to run the system(s)... (sic)
Capitalism and Democracy will never work together consistently, they have two separate ultimate goals.
Face it, we here have to level the playing field... not just with ourselves, with the whole world. Stop NAFTA and reinstate US tarriffs and we'd be well on our way.
Re: Don't call this democracy...
For the Great Depression, you bet I do. It's his policies and other like him who came before him that put us in this hole: Barney Frank chief amonst them. Bush warned we needed to strengthen the checks on the mortgage industry but Barney wanted to "roll the dice a little longer on this" resulting in the collapse two years later. After that only a fool would follow the same failed policies Roosevelt attempted to use to get us out of the First Great Depression. And yes, this is the Second Great Depression, only nobody wants to call it that - unemployment has been above 15% for longer than the First Great Depression. The BLS just masks it by reporting the excess as "underemployed" or "ceased to look for work."