Users Online Now:
Donate To GLP
Back to Forum
Back to Thread
REPLY TO THREAD
THE ECONOMY & YOU # (Daily Updated Videos & Articles)
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:RoXY:MV8xNTc4NDI2XzI4NjYzMjIzX0RDRDA4RkNE] [b]EU Banking Crisis: Towards the "Leveraged Breakup" of Euroland?[/b] by Bob Chapman December 17, 2011 International Forecaster The Fed’s third quarter audit data shows a total system debt of 355% and of GDP, in spite of so-called de-leveraging. It is down from the second quarter’s 375% of GDP, but up from 264% a dozen years ago. Financial sector borrowing fell almost 50% in the quarter but non-financial debt increased while financial debt fell – a push so to speak. Unfortunately most of the debt growth emanated from Washington. That growth was $557 billion, of at a 14.1% annualized rate. Of course, what the federal government is doing is the antithesis of what they should be doing. Will these borrowings and debt continue, of course they will. In 13 quarters Treasury debt is up $100 trillion an increase of almost $4.9 trillion, or by 92%. In three years Treasury debt rose from 16.2% of non-financial debt to 26.7% and total federal debt has increased from 46% of GDP to 78% of GDP. In 2007 federal non-financial debt grew from 3.3%. In 2010 it was 113%. Year-on-year total compensation rose only 2.8% as real inflation grew 11.6%. During that period corporate earnings set records. For the most part those earnings were achieved via layoffs. From the second thru the third quarters household debt fell 1.2% from a minus 0.6% and mortgage debt fell 1.8%, as consumer credit rose 1.2%. Funding especially foreign funds of US bank branches has been wild and the Fed has done its best to obscure what they are up too. It looks like these foreign bank balances grew about $2.6 trillion. The result is that pressure was relieved in Europe and the US went sideways in spite of massive increases in money and credit. Fed issuance is in a bubble and it is only a question of when it pops. It is not surprising that the American public believes we are headed in the wrong direction, some 70%. Only 39% approve of the administration’s financial policies. The GOP frontrunner Gingrich, if he ran against Obama today would lose 50% to 41%. It shows you how dumb Republicans are. Nominating a crook who is a guaranteed loser. [b]CONTINUE: http://globalresearch.ca/index.php?context=va&aid=28250[/b] [/quote]
Economic Armageddon and You
Wondering about the American economy? This animated video explains inflation, stagflation, recession and more, all in 5 minutes.
NB: UPDATES AT LAST PAGE
Pictures (click to insert)
Big Round Smilies
Aliens and Space
Friendship & Love
Misc Small Smilies
View All Categories
Next Page >>
Villagers’ shock as Slovakian waterway turns red overnight ‘like something from a horror film’
Weight loss-obsessed girls eating GMO cotton balls soaked in lemon juice
Is Your Pee The Right Color?
New Algorithm Will Hunt You Down In Untagged Photos
New Generator Converts Heat and Solar Power Into Electricity
High Court Won't Hear Liberty U. Challenge of ObamaCare
When Algorithms Grow Accustomed to Your Face
Police are spying on innocent cell phone users using a 'tower dump' to access data
Supreme Court won't rule on state Internet sales taxes
State Dept. bought $180,000 in liquor before shutdown
1/4 of federal scientists forced to exclude or alter information for non-scientific reasons
New product shuts car engines off with a radio pulse
New York lawsuit seeks 'legal personhood' for chimpanzees
SCIENTISTS DISCOVER DIFFERENCE BETWEEN MALE AND FEMALE BRAINS
NASA’s Big Cover Up of Cities on Mars Visible in This Video?
Students forced to pay $40,000 for solar umbrellas
Mom’s advice: Text ‘yes’ before having sex
The reason 200 million girls have 'vanished'
The Money Changers Serenade: A New Plot Hatches
Coming Soon, a Night Watchman With Wheels?
Ongoing FBI probe of state senator could create political complications for Democrats in 2014
Liberal Sweden Allows Pedophile to Adopt Child
Republican doctors running for Congress amid ObamaCare rollout fiasco
Liberals push wish list on Obama (now that the bar has been lowered)
Play The Game Show Feud: Obamacare Edition!
Disclaimer / Copyright Info
with questions or comments about this site.
"Godlike Productions" & "GLP" are registered trademarks of Zero Point Ltd.
Website Design Copyright © 1999 - 2012 Godlikeproductions.com
Page generated in 0.004s (3 queries)