Economy

though my memory may be faulty, i do believe that the last time it was so high, the Clinton Admisitration worked with Congress to get it all fixed.

. . .but the wheel turns around. . .deja vu all over again. . .

 hey. . .they gave the highest civilian medal to officials who failed us on 911. . . whaddaya expect, anyway?

if we’re lucky, maybe he’ll be a ‘reverse’ indicator. . .whatever he says, they’ll do the opposite. . .

 Derivatives or Civilization, Take Your Pick

......Derivatives were the great financial innovation of the Greenspan era, in which casino-style bets on the price movements of currencies, bonds and stocks replaced the ownership of those items as a way to make money.

Today, the collapse of the derivatives market is crushing the international financial system, as the speculators fight to save the fictitious "profits" through the largest bailout attempt in history. We stress attempt, because the bailout is not working, and can not work—there isn’t enough money in the world to cover all these funny-money bets, and the efforts by the central banks to print that money, is fuelling a hyperinflationary bomb which will wipe out not only the remnants of financial system, but also the governments, national economies and the means of existence for most of the world’s population.

 Derivatives or Civilization, Take Your Pick

http://www.larouchepac.com/news/2008/10/09/derivatives-or-civilization-take-your-pick.html

And in Europe we can see banks and creditinstitutes being affected of the US credit market crash.

the corruption is deep!  unbelievable.

It’s very serious. Consider how many foreign banks are doing business here. Our money makes the world go round in a lot of ways. If our economy goes down…look out. Our importance in the global economy can’t be understated.

BTW, I hear they (the foreign banks) want a bailout too…And they’re going to get one. So, basically, the poor people are going to be expected to bail out the rich..,.not just the American rich…the whole stinking lot from England to Switzerland….you name it.

I think it is the matter to look into seriously