Horrible figures from the US

As usual media is totally oblivious to what is going on. Why won’t they even try to check? It isn’t hard, some basic understanding of math and a couple of minutes to spare and you can see through the scam.

According to media two “good” news came out yesterday (2010-03-30) that lifted Wall Street.

The first was higher prices on housing. This isn’t good news, its horrible news, in fact it is the worst news we could get from across the Atlantic. Housing prices are still way, way over normal since the inflator policies started after the dot-com bubble burst.

There are three reasons for this. Firstly all the government scams with contributions thrown at house buyers. Secondly the banksters that continue to show profits when they in reality have totally defaulted. Their books have been cooked and banks are overvalued by somewhere around 30-40% if we look at the already crashed banks. They buy housing and real-estate from themselves to keep prices up and they continue to hand out loans to people that shouldn’t have ‘em. The third, and most ominous reason, is that those trillions freshly printed bills are finally hitting the market. This we don’t really know yet, but it is likely since it usually take 1-2 years before such inflation comes out on the market and they are starting to be due.

If the housing market were showing improvement and was healthy the prices would go down, way down.

The second “good news” was that confidence among U.S. consumers climbed in March as Americans perceived employment was starting to improve. This is a very convenient interpretation.

The Conference Board’s confidence index rose to 52.5, but the market's expectation was 55. And even though employment numbers have stopped falling so sharply, they are still going down. Down 23,000 in Mars early figures show. So how come people feel that the labor market is better? I would guess it is those government scams with tens of thousands of useless laborer doing useless tasks to hide the real numbers. Also, more and more citizens take themselves of the unemployment line, seemingly lowering the total amount when it in actuality gets higher.

And consumer spending, that make out around 70% of US GDP went up slightly, but since personal income is flat, and that's with the crazy government handouts, personal income is down for the second consecutive month (0.2% January and February), indicating that consumers are (again) spending money they don't have.

To conclude, nothing has changed. The bubbles are still there, real unemployment levels are still on depression heights, the system hasn’t been purged from toxic assets or derivatives, banks are still defaulting and debts continue to increase.

How in hell is this good news?

People are deluding themselves and media is perpetuating the hoax sold by government and the Wall Street mafia.

It is election year already?

The Swedish ‘Alliance’ government has earmarked hundreds of millions of kronor for a hike in child benefits for families with several children, as well as investment in summer jobs for Sweden's youth. Summer schools will also receive a 20 million kronor boost in 2010.

What? It is election year? Who said that?

I was listening to the radio while driving too fast and ignoring all traffic signs, when the Prime Mentalist explained that Sweden could afford this (no we can’t) since we’ve been better than many others. So while other countries cut expenditures and raise taxes, Sweden’s leadership can throw money around. To my knowledge it’s only the UK, the Czech Republic and Sweden that has general elections in Europe this year…

But the mentalist in charge do have a slim point.

Sweden’s government has been horrible. Imposing a fascist control-grid, wasting money on useless projects, helping the central bank to increase inflation and build more bubbles in the economy, the torture of the young thingy is a hoot, and the totalitarian Minister of justice is just icing on the cake.

But they are still better than almost all else out there. Isn’t that special?

Only looking at the public debt and contrary what the opposition would have done it’s a almost a heaven sent to have a government that sold off public companies and lowered taxes on the working man while decreasing the amounts you get while being sick and not working.

If the more true socialists had been in charge our public debt wouldn’t have been paid off with several tens of billions before the crisis begun and it would increase much more now. Sweden would probably be more in line with UK’s problems.

This world has gone very far down the crapper when you almost salute a government consistent of a semi-fascist center-left mish-mash of maniacs and control-freaks who all are members of the Church of Climatology. That’s how bad things really are in the world.