"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Thursday, December 01, 2005

Disembowelling America

US September Trade figures are available.

Total deficit 11 % up from Aug. $59BN to $66Bn – highest ever.
Feb 2005 was highest previous = $60 Bn

Non oil deficit rose 14% = $47.5 Bn. Oil deficit rose 7% = $22 Bn. Both the second highest ever.

Advanced tech products deficit rose 70% to $5.57 billion - Exports dropped 8% in September to $17.07 billion and imports increased 4% to $22.64Bn – the 2nd highest on record.

Year-to-date, the $442.25 billion manufacturing deficit is running nearly 10.9% ahead of the comparable 2004 total.

What does this tell you ?

The US is running outsourcing with the foot flat down, … meanwhile Ford / GM haemorrhage money … their bonds are untouchable junk.

But, hey ! We’re winning the war against a bunch of sand niggers with home made bombs.

…Remember Dubya has to go to Congress to ask them to print some more Treasury IOU’s, real soon now, or he runs out of money in his piggy bank.

at 12/01/2005 12:46:00 am

1 comment:

Anonymous said...

See http://prudentinvestor.blogspot.com/ for some good ongoing info & analysis of US financial foibles.

Note in particular the info regarding the discontinuation of the US Federal Reserve M3 data, timed (coincidentally no doubt) with the proposed introduction of the Iranian Oil Bourse.

3:15 pm

Post a Comment

Subscribe to: Post Comments (Atom)

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish