Thursday, October 28, 2010

Time To Get Your Money Out Of The Bank?

The scary actual U.S. government debt

"Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”
"“America’s fiscal gap is enormous – so massive that closing it appears impossible without immediate and radical reforms to its health care, tax and Social Security systems – as well as military and other discretionary spending cuts.”

Insider Selling Volume at Highest Level Ever Tracked

"The largest companies in three of the most important leading sectors of the market have seen their executives classified as insiders sell more than 120 million shares of stock over the last six months. Top executives at these very same companies bought just 38,000 shares over that same time period, making for an eye-popping sell to buy ratio of 3,177 to one."


Anonymous Anonymous said...

I see the world debt as totally fictitious. It's all created out of thin air with unpayable debt on top of that.

200 trillion, for god's sake.

It keeps us in fear. Isn't that the point?

Broken Arrow Oklahoma

28/10/10 8:03 AM  
Anonymous Anonymous said...

"America’s fiscal gap is enormous – so massive that closing it appears impossible..."

The key word here is "appears".

The gap can be eliminated, not merely "closed", the same way it was created... with the stroke of a pen.

28/10/10 11:31 AM  
Blogger nolocontendere said...

You guys are right about the fear factor, of course, that's what the overlords are using in greater measures every day. And money news is always suspect since numbers can be juggled any way the manipulators see fit to control us more.
That being said, I want to pay attention to all the signs that may point to the fascists pulling more wild stunts on us so my family won't be taken by surprise. The sidebar indications I've come across all seem to say something is going down in the next two weeks that will not be pretty at all. Consequently I'm pulling months worth of funds to stick in a jar, just in case. I've already moved to a secluded area and this weekend we're laying in a full winter's supplies. I guess if it's all just smoke and mirrors I can stuff the dough back in and eat the beans for supper :)

28/10/10 3:33 PM  

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