Economic Optimism?
By 1voxpopuli on Jan 26, 2012 | In u.s. economy, world economy, federal reserve
According to an NBC News/Wall Street Journal poll, Obama is benefiting from economic optimism. The MSNBC article states that this is due to 3 straight months of positive economic data.
Perhaps the optimism in the NBC/WSJ poll would be much less so, if people took a deeper look.
For example, if that economic data is indeed positive, then why did the Federal Reserve today state that they will not raise interest rates until at least late in 2014? In fact, they have downgraded their assessment of the economic landscape since just last month, when they announced they would not raise interest rates until the middle of 2013, about a year and a half sooner than they are now forecasting. In effect, the Fed is stating that while in December they expected to see positive results within a year and half, now, just a few weeks later, they are expecting it to take twice that long.
Meanwhile, the World Bank cut its economic growth forecast for the United States from 2.9% to 2.2%, and warned of a potentially dangerous global economic situation, worse than befell the economy in 2008, if the Euro Zone didn't get a handle on their own debt crisis. No nation would be spared in the event of a major crisis, their chief economist, Justin Yifu Lin, indicated, while emphasizing that the global economy was entering into an uncertain and dangerous phase. These statement were released less than a week ago.
http://www.msnbc.msn.com/id/46036397/ns/business-stocks_and_economy/#.TyBjz4GGDxX
So, while everyday Americans are hopeful, the experts are pessimistic. Perhaps, as I stated earlier, if people would look deeper, they would see things less optimistically, especially upon discovering that the entire economic system is illusionary. For example, with regard to the situation in 2008, the book "The Coming Collapse of the Global Economy" states this on pages 16 and 17...
The following information comes from the Federal Reserve Bank of New York’s website, dated June 2008. As of December 2007, the total amount of cash in circulation (American coins and currency in the hands of the public) totaled $829 billion. However, over half of that currency in circulation was outside of our nation’s borders. That amount had risen rapidly over the previous few decades, primarily due to overseas demand for our currency, although recently there has been a frightening suggestion overseas to demand another currency to replace the dollar as the world’s reserve currency.
An even more disturbing thought for your consideration is that if there was only $400+ billion of American currency circulating in the United States during December of 2007, where did the $700 billion that taxpayers were on the hook for, with regard to the bank bailouts, come from, roughly three-quarters of a year later?
A deeper look at the problems and solutions can be obtained by reading "The Coming Collapse of the Global Economy". It is available in paperback for only $8.95 + shipping...
https://www.createspace.com/3672267
You can read it on Kindle, in digital format. The cost is only $2.99...
It is also available on Amazon's sites in the U.K., Germany, France, Italy and Spain...
Be prepared for any potential emergency...
http://morphinedreams.com/blog5.php/2008/10/19/survival-guide-1
http://mormonism.suite101.com/article.cfm/an_lds_guide_to_beginning_food_storage
http://www.americanpreppersnetwork.com/
http://money.msn.com/family-money/survive-a-disaster-in-your-condo-freedman.aspx?GT1=33006
