Economy Chicken: Coming Home to Roast

New York Times

Stock Markets Shudder After Chinese Stock Plunge Forces a Trading Halt

Producers in China may have been betting on faked economic reports, overproducing with false expectations. Now their inventories are filling up and they are not getting as many orders.

Fox News (06/2014)

Peter Schiff - No Economic Recovery Since 2008 & Unemployment Numbers Fake

Peter Schiff and Lou Dobbs start the session nailing the basics, but then digress at 1:41 minutes, into blaming Obama and the government, instead of remaining focused on lack of consumer demand due to low wages and fewer work hours.

FinViz

Map of Stock Exchange Performance

An amazing tool for evaluating stocks and seeing the Big Picture.

The Guardian

Don't be fooled by the false economic recovery

A critical analysis of how the economy is reported to the public.

Zero Hedge (02/2011)

Guest Post: How To Fake An Economic Recovery

This got me wondering why people are buying over-priced farm land that won't yield enough per year to break-even on the loan payment. It turns out they might be anticipating something that will change in the near future. Something that will make commodity prices skyrocket.

Salon (11/2014)

Robert Reich: Americans are convinced the game is rigged

It all comes back to lack of consumer demand due to low wages, fewer work hours, student debt, etc.

Town Hall

The Weakest Economic Recovery in Modern Times

Because the 1% wanted to go global, they tied most of the world together financially and OOPS!

Well, Everyone has been decrying a fake economic recovery for years now. Some who try to sell us their gold, others because they actually dig into the numbers and suffer the headaches of research.

The powers that be have been force-feeding us skewed sugar-coated numbers for decades, but everyone under their skin knows it's BS!

The motivation for doing so is probably bait to try and motivate with their Snake Oil, consumption and investment in things we can't afford or don't need.

*What's Economy Chicken? I searched online for some visual representation of "chickens coming home to roost." I Photoshopped it into a bad pun,

I think we all have had enough of being lied to by the main-stream media and the Financial Sector.

DEBTOR EQUITY

The truth about the subprime mortgage industry

I’m sure you heard about being able to get loans with bad credit. It was all the rage after the Enron and Worldcom scandals. The banks and money lenders were getting paid anyway, if not by the people who borrowed the money, then by the tax payers.

Does anyone remember the Lincoln Savings and Loan Scandal? Remember Senator John McCain’s involvement in that? That little steaming nugget will be dredged up soon enough; it’s not the story right now.

Lending money to people who are known not to afford it has been reported in the news as a “disaster”, reported as a “mistake,” and journalists and pundits alike have been scratching their heads wondering why it was done. Why were all those poor people allowed to borrow money they couldn’t pay back? What were those bankers thinking? Were they stupid?

No. They knew exactly what they were doing. They were investing in living, breathing people who would be forced to sweat and toil to pay them back, plus interest of course, as long as they lived, and if they didn’t, it would be their children’s burden.

It’s like switching investments from stocks to bonds or gold during hard-times. You can switch your investments from manufactured commodities to entire living, breathing families to pay you back, because it’s the law.

Another word for it is indentured servitude. If you have a credit card, a mortgage, a car loan, or are mandated by your state to get car insurance, or you pay rent, you qualify as an indentured servant if your expenses exceed your savings.

Debt Equity is the possession of the living breathing entity (in this case, multiple generations of families) that pays the money, not the money itself.

Banks and other lenders can track you down anywhere in the country with the help of their police (you don’t have any police.) because you need money to try and emulate the so-called “American Dream” as taught in public schools. As comedian George Carlin said “It’s called the American Dream because you have to be asleep to believe it.”

This is the dirty little secret of the “free market economy” that republicans desire so much. They keep complaining that regulations are keeping down the power of the free market. Regulations are the products of lessons learned from deaths and disasters. Just pick up a book by John Steinbeck, Upton Sinclair, or Mark Twain and you can read about what it was like when the economy was really free.