is this crisis in our head?

Question

im going to columbia next yr to study econ philosophy. i could def write a thesis paper on the times we're experiencing right now... is this crisis a genuine materialized problem or perhaps extremely gross over reaction? check the table...
            
           Banks Lending in Billions
            
            1)Week Ending Wednesday
            
            2)Business (Commercial & Industrial)
            
            3)Real Estate
            
            4)Consumer
            
            5)Interbank (Other Than Fed Funds)

1)Aug. 13
            
            2)$1,514.5
            
            3)3,639.4
            
            4)841.6
            
            5)77.6

Aug. 20
            
            1,509.1
            
            3,653.3
            
            845.6
            
            75.3

Aug. 27
            
            1,515.1
            
            3,650.6
            
            848.0
            
            76.3

Sept. 3
            
            1,514.8
            
            3,631.3
            
            846.8
            
            77.2
            
            Sept. 10
            
            1,512.0
            
            3,630.3
            
            850.5
            
            74.0

Sept. 17
            
            1,531.2
            
            3,625.2
            
            847.1
            
            72.3
            
            Last year
            
            Aug. 2007
            
           $1,311.1
            
            3,498.4
            
            774.0
            
            82.7

Lee Common · Answer

I've watched every video on trueworldhistory.com & other than some guy saying that the stargate (from the sci-fi channel original series "hell with everything else going on who knows") is real I found it full of valuable information that really helped put things into perspective.

Welcome to the United states of America INC. all I want to know as a tax paying American is when can I expect to start getting some dividend checks?  Oh yea if you look at Amerian in that view we are insolvent.

Quick print more money!  Wait that won't work since we officially did away with the gold standard in the 70's our money is created from nothing & and is only as valuable as other countries view our ablity to pay back debts.

Things are not looking that good for us right now.

Lobiests bought and paid for congress long ago & anybody who thinks those jerkoffs have your best interests in mind is living in a fantesy land.

Stockmarket looses another 200 points GOOD I've got all my money in Prudent bear (NYSDAQ:BEARX) up YTD  	35.89%

Lynn Z · Answer

It's amazing how many people don't have an emergency fund of $500.  How do businesses survive without borrowing from month to month?

I asked my hair dresser if he has to run and borrow short term money to conduct business and he said "no, and I'd be closing the doors if I were" .

A landlord sure can't run out and borrow short term to pay his mortgages and expenses or he'd be in trouble too.

Congress is so out of touch now that Greenspan and Bernake aren't worthy of their worship.  They look out there on that limb don't they?

Michael Shadow · Answer

Nope it's not in our heads.  We know the road that we are headed on so it's best to try and position ourselves to make the most of it.

-Michael

Pat Nob · Answer

We're in a lot of trouble people. I hope things come good and I'm wrong. But with a national defecit of $10,000000000 plus and a overall spending defecit of $60,000000000 plus and climbing, unless we cut back on spending...we're doomed. We are in unprecedented times. You may see a dollar crash in the next month to 5 years, let alone a depression. Medicare is broke, Social Security is broke, Welfare is broke, Real estate markets reeling, Stock market is crashing,  Baby boomers are coming into retirement every day, State governments are requesting federal money that doesnt exist and is made out of thin air, and now the government is after the remainder of 401ks and taxpayer money with this bail out of the rich! At the same time without congressional approval the fed pumps in money to the system regardless of bail out bills as do other central banks into their economies. Were heading for hyper inflation, which is shocking, but true. In less than  5 years we'll struggle to pay the interest on the national debt alone let alone welfare and so on. all we can do is treat things as they are and get on the best we can. Just make sure you spread your wealth in gold, silver and other commodities and get out of your 401k.  A friend of mine lost $18,000 on there's today. If your dollars are worthless, how can people pay their rents? Oil is dropping in value too. Just hope that no new major oil fields are discovered in the next 6 months that flood the market with oil. If that happens the Saudi's in panic, let alone the chinese will dump their Tbills and its bye bye dollar. That's how close it seems we may be to the edge....trueworldhistory.info, jim rogers, max keiser, peter schiff, jim grant. check out these and see what the hidden from tv experts have been saying for the last decade or more!

Jason F · Answer

any October figures?

Michael Rossi · Answer

It is definitely not in our head.  It could be a plan by the few people that really control the world's money to transfer trillions of dollars of wealth to the ultra rich and powerful.  It could be a plan by the few people that really control the world's money to promote global socialism - if so, that's working.  It could be a plan by the few people who really control the world to create a one-world central bank or create a new world order - which has been OVERTLY voiced by some leading heads of state this past week.  It could be any of those things, but it's definitely not just in the head of the public.

You might want to read "The Creature from Jekyll Island".  It is an exhaustive (about 600 pages) study of the central bank in the United States.  VERY INFORMATIVE.

Mike