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ECONOMIC HAIRBALL: ONE GIGANTIC SPIN JOB


this whole Economic Hairball is meet digit large spin-job Another Reuters Article: Mortgage Delinquencies Soar! www.reuters.com Reuters Article: www.reuters.com

This entry was posted on Wednesday, February 3rd, 2010 at 5:10 pm and is filed under Mortgage. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

25 Responses to “ECONOMIC HAIRBALL: ONE GIGANTIC SPIN JOB”

  1. I think that if I was told by the Private Federal Reserve/Treasury that I was on Fire; I would have to look in a mirror to see it myself!

  2. I think they ran tests that they are sure will become reality in a few short months. A lot of the alt a and option arm mortgages have yet to reset, coupled with commercial real estate defaults on the rise and the worst is yet to come. Remember it was reported by 60 minutes last December that we were 1/3 of the way thru the residential real estate mess. I don’t think the treasury could come up with a much worse case stress test than the one that is coming.

  3. The Government & the Banks are never going to tell the truth! Get Real! Do you really beleive the numbers that Wells Fargo put out? I sure Don’t! If they were true, they wouldn’t need any TARP money.
    What a bunch of crap. I think I’ll start my own Bank and ask for some Tarp money. LOL

  4. To Jacob from Willybizz :-
    This must be the time to remove cash from banks, it appears that any safe haven is going to be swiftly freezing everyones accounts for the forthcoming ultimate bailouts !
    We have sold our stocks, moved out of gold for silly prices, so with our cash at such a high risk when they are saying things like this, what choice is left ?
    If you think you have another answer, tell us now Jacob
    P.S. M Mystic looks like he has troubles of his own !!!!!

  5. they need the stress test to see if the can handle it.yes our banks are stressed, thank you wall street, and greedy America, yes it is your fault as well……… they cant release any info on stress test, how would you tell 383,000,000 people that the banks are out of money, and nopw they have to keep yours, the stock market might crash when everyone gets wind of stress test…..= civil unrest= marshal law= new world order, i mean control

  6. Thank you…seriously.

    I really believe that those of us who are “awake” to some degree or other are actually “Way Show-ers” for other folks. We have to learn to be trickier and wiser about it since the misinformation and power of the matrix is so great. People don’t want to be just confronted with truth and really…just BEING awake is part of our job

  7. ABOSOLUTEKNOWLEDGE on February 3rd, 2010 at 7:44 pm

    never underestaimate the illuminati

    total crash they want

    so tahts what it will hapen

    make no mistake abou it

  8. I agree with you Nmhu. Its a shame. I sometimes wonder if it is in “their” plan to wear us down mentally and phsically in order to pull something off easier.

    Jacob had mentioned bailout syndrome (?) or something like that in an earlier video, and it so true. Its almost like no one can take it anymore.
    Its comforting knowing that we are not alone in our feelings and thoughts.

    Jacob- We are all with you and support you big time.

  9. I think we are all worn down by the massive propaganda of this administration. Obviously, you have to be a pathological liar to be a part of it. The banks are insolvent and this “stress test” is a scam. Why are we not being told the truth? The markets are being manipulated and the media is singing “happy days are here again”
    Hang in there folks, the American spirit is still alive!

  10. very sincerely, thank you! I get so much out of this channel…it’s been my public journal (working through this stuff out in the open with everybody else).

    thanks again!`

  11. Jacob,

    Whoa!!!! Im sorry to hear about that. Im actually going through somewhat of a similar thing-crazy stuff.
    Anyway, I wish you the best. Your channel and videos are AWESOME regardless. Dont worry about what I wrote.We will take anything you offer–You are anamazing ,talented, and very well spoken (and seem like such a kind soul). Hang in there and take care of yourself. Your body and mind will tell you when to get back on the horse. In the meantime, be well my friend.

  12. (cont) these other things soon. Be patient and you’ll see some stuff that will probably make you feel better about your subscription to my channel. :-)

    You have a great weekend, too!

    Jacob
    AwakenSafely

  13. (cont). for anything I want to do. Now I find myself exhausted very easily. That has meant that I need to be a lot less engaged in some of the intensity of life. I kind of hate that, BUT I’m trying to listen to my body and emotions better now than before.

    I actually have some creative ideas bubbling around that I think would be interesting and popular, but haven’t been able to get the time/energy up to get them done.

    Anyway, I thank you for your comments and will work on some of

  14. I appreciate your feedback

    Let me give a bit of an explanation.

    1) I agree with you re: news articles getting old. I have this system called Jing that allows easy screencapture and requires no additional processing–just uploads directly to YouTube for me. I don’t have to edit or play with stuff.

    Lately, I’ve come through an amazing and traumatic “melt down” of sorts that has required me to sit back and really conserve my energy. I don’t fully understand this–I’ve always had LOTS of energy

  15. Jacob,

    Ive been a fan for some time now. Ive loved your vids. I would like to draw a few things to your attention-no disrespect
    1. Just the news articles are getting old. People love seeing you do videos. If time is an issue, people would rather have less videos ,but when you do have time to do one–be on camera.
    2. Reuters and bloomberg are so common and “blah” sources of media. Most people paying any attention to the economy have read the same article you are posting.

    Havg8twknd

  16. BeenInACaveWayToLong on February 4th, 2010 at 12:52 am

    US have now committed $12.8 trillion – almost as much as the entire USA GDP and 14 times the currency in circulation !!!

    Google “Financial Rescue Nears GDP as Pledges Top $12.8 Trillion”

    “March 31 (Bloomberg) — The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.”

  17. The stress test, in my opinion, is akin to FDR’s Bank Holiday in March of 1933. It is a method by which the governing institutions find out what is out there. The are approaching this with a softer approach for the exact reason you state, Jacob. They are going to spin it in such a way as to minimalize the negative ramification of the news. They will know, the banks will know, but how it is released will be couched to be palatable. It is almost as if they are borrowing an Enron page for this.

  18. Skullboysrevenge on February 4th, 2010 at 2:17 am

    Yeah We Are In Big Trouble
    Very Informative

  19. Yes, I’m a bit addicted to the internet at the moment but haven’t come across any discussion on the extent of losses in CDS and derivatives markets. It seems to be the elephant in the room.

  20. Defense has been cut !!!???

  21. Do you have a reference re 0% apr loans ?

  22. Great video, If you need any help getting your videos or channel exposed, i use a service called thetubeviews . net it has helped 5 of my videos get ranked on the first page

    Yes! Yes! Yes! I love it!

  23. The markets are timed. This is merely manipulation of that timing.

  24. Hi Jason,

    I enjoy your videos greatly.

    I subscribe to your stuff and several others who are reporting on this mess we’re in. I can no longer view your videos or theirs on my mobil phone. I can view any other videos, just not anything on the economy.

    Hmmmm…

  25. 1.4 Quadrillion in CDS. I abhor that the government has spent between 9-11 Trillion on this stuff. However, it’s kind of small 1.4 QUADRILLION! Oh and even the gloom in the mainstream media has spin “TECHNICALLY ” insolvent is what they call the banks.