The Sojourner,

Economy Exposed.com

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Are people saving their money or are they just broke?

I bet on broke. The people in the US of A are a bunch of consumers. Global Research.ca in one of their most recent articles states that, “The US economy is 72 perce

nt consumer spending”. This spending habit or trend is happening all over the world, even in third world countries. Continue reading →

Intersting Bloomberg article on U.S. house prices.

Click Here

The bailout as of December 1, 2008 was at 8.5 trillion dollars, I cannot imagine where it is today, must be well over 10 trillion. This is not helping, as I said in an earlier article, this is like using gasoline to put out a fire!

Read here

The bailout money is being stolen by bank executives. How the money is spent is none of the tax payers business, even though they are paying for it,  is what the bankers are saying. Here, have a look here.

You want to know what is really going on? The banks are being helped selectively by their government friends, it is a big hay day, a looting of the American peoples money right in front of their eyes, an economic nine eleven! Stealing from the world right in front of its eyes.

The interest rates in Thailand were recently dropped by the Central Bank of Thailand. People that want to save money in these times of uncertainty are being punished for doing exactly what they should be doing. Why would anyone want to spend money and get loans during times of an economic crisis?

The interest rates dropped one whole percent, from 3.75 to 2.75, giving people an excuse to spend more money and take more loans, it does not matter that the whole world is crashing before our eyes, it must be an illusion, right? We will be saved, right? Dumping trillions of dollars will solve the situation, right? Pouring gasoline over a fire will put it out, right? Get over yourself, wake up and smell the coffee. Here is a crash course, economics 101, when inflation goes up, interest rates must also go up in order to control inflation, what is going on is going against the laws of economics. Continue reading →