Korean Job Discussion Forums

[R. S. Refugee]

http://www.commondreams.org/views06/1105-21.htm

[EFLtrainer]

This is what is called awar economy. It is a false economy built on nothing because it builds nothing. There is no capital created or invested in, it is simply money spent. It never comes back.

The shithole the Bush Cadre is putting us into is enormous.

Yo! Gopher! What I jsut said about the worst century since the Middle Ages? Pay attention, ostrich, pay attenton.

All fall down, go "Boom!"

And that's not fearmongering, that's a dire prediction.

[Meegook]

In March of this year, the Fed stop reporting the M-3 money supply.

Discontinuance of M3

On March 23, 2006, the Board of Governors of the Federal Reserve System will cease publication of the M3 monetary aggregate. The Board will also cease publishing the following components: large-denomination time deposits, repurchase agreements (RPs), and Eurodollars. The Board will continue to publish institutional money market mutual funds as a memorandum item in this release.

http://www.federalreserve.gov/Releases/h6/discm3.htm

That Discontinuance of M3 allows the Fed to print and flood the market with fiat money.

The Fed also drove interest rates down the last several years to historical lows which resulted in a housing boom, which is now turning into a bust. Foreclosures are already breaking long standing records.

NATIONAL FORECLOSURES INCREASE IN EVERY QUARTER OF 2005 ACCORDING TO REALTYTRAC� U.S. FORECLOSURE MARKET REPORT
Nearly 847,000 Properties Enter Foreclosure During The Year; Florida, Colorado and Utah Post Nation�s Highest Foreclosure Rates.

Irvine, Calif. � January 23, 2006 � RealtyTrac� (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released year-end data from its 2005 U.S. Foreclosure Market Report, which showed that 846,982 properties nationwide entered some stage of foreclosure in 2005, and a 25 percent increase in the number of new foreclosures from the first quarter to the fourth quarter.

�Overall U.S. foreclosure numbers climbed steadily over the course of the year, with more new foreclosures reported in every quarter,� said James J. Saccacio, chief executive officer of RealtyTrac. �This trend appears to be moving the real estate foreclosure market back to its historic levels.�

http://www.realtytrac.com/news/press/pressRelease.asp?PressReleaseID=86

The entire house of cards is about to come falling down.