Here is a Bloomberg Business article that details the destruction of jobs, caused by the economic crisis that was in the making before 2007, and subsequently reared its ugly head in 2007-2008. It takes you from the past 50 years until now. Interesting read.
Read the full article below:
The 2007 violent sharp downward move happend on Oct.29th which signal the bear market that eventually ended and bottomed on March, 2009. From the beginning of the bear market crash to the bottom the timeframe was 17 months roughly. The pattern is pretty much the same for all markets Dow Jones, Nasdaq and S&P 500.
Have you watched the mainstream news lately, it would seem that the hurricane Irene rebuilding or recovery is no where to be seen. The U.S government controlled news networks don’t want you to know that the American government is broke and FEMA has no money to help the 100′000 of people affected by the natural disaster.
It is just a matter of time before every market will start to test the 2008-2009 lows. Right now all governments around the world is just delaying the evitable.
Here is a great video that explains in detail what a debt crisis is, and what the United States has been doing with debt the last 20-30 years. Shocking, no doubt to realize the the so called “wealthiest” nation on earth borrowed all its money and now cannot pay it back.
The snobby woman in the video that got kicked off the train because she was talking too loud, but thought she was too educated, so she can do anything she wants. Like she was a higher cast than the rest of the people…please get off your high horse. Watch the two videos. She is sueing the guy that took the video, what a joke.
TOKYO | Wed Jul 20, 2011 9:00am EDT – Kyoto News Agency
More than 1,000 beef cattle that ate feed contaminated with radioactive cesium have been shipped all over Japan from Fukushima and other prefectures, Kyodo news agency reported Wednesday, adding to anxiety after the world’s worst nuclear crisis in 25 years.
The report comes a day after Tokyo ordered the suspension of all shipments of beef cattle from Fukushima prefecture after discovering that cattle fed rice straw contaminated with high levels of radioactive cesium had been shipped nationwide
Russian economic researchers has found that the richest slice of Russian society has doubled its wealth in the past 20 years, while almost two-thirds of the population is no better off and the poor are barely half as wealthy as they were when the Soviet Union fell, according to the research.
Here is the link to the full article:
http://taipeitimes.com/News/world/archives/2011/04/13/2003500648
After watching the video from Sky News UK, it would seem that the rioters and looters of the London riot were mainly people who didn’t have much in terms of money and jobs. I guess they saw it as an opportunity to get things they can not otherwise afford. The rioting was trigger by the killing of a boy shot by police.
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