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Feds set to downgrade outlook

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  • #1

    Feds set to downgrade outlook

    Fed set to downgrade outlook for US

    By James Politi in Washington

    Published: August 8 2010 19:15 | Last updated: August 8 2010 19:15

    The Federal Reserve is set to downgrade its assessment of US economic prospects when it meets on Tuesday to discuss ways to reboot the flagging recovery.

    Faced with weak economic data and rising fears of a double-dip recession, the Federal Open Market Committee is likely to ensure its policy is not constraining growth and to use its statement to signal greater concern about the economy. It is, however, unlikely to agree big new steps to boost growth.

    full article here-

    Fed set to downgrade outlook for US
    http://www.ft.com/cms/s/0/dedcb986-a316-11df-8cf4-00144feabdc0.html
    www.homesteadingandsurvival.com

    www.survivalreportpodcast.com

    "Don't be too proud of this technological terror you've constructed..."
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  • #2
    Read this one as well. I see it as putting the crab in cold water then heating the pot. Crab doesn't see that it is getting hot until it's too late. Sheeple are too busy buying plasma TV's, and other "stuff". The water is getting warmer....
    Protecting the sheep from the wolves that want them, their family, their money and full control of our Country!

    Guns and gear are cool, but bandages stop the bleeding!

    ATTENTION: No trees or animals were harmed in any way in the sending of this message, but a large number of electrons were really ticked off!

    NO 10-289!

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    • #3
      geat analysis

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      • #4
        I came upon this today on another gun board, written in 1782, describing today's America. I thought it fit with PS's analysis.

        "The spirit of the times may alter, will alter. Our rulers will become corrupt, our people careless. A single zealot may commence persecutor, and better men be his victims. It can never be too often repeated that the time for fixing every essential right on a legal basis is while our rulers are honest and ourselves united.

        From the conclusion of their war for independence, a nation begins going down hill. It will not then be necessary for the government to resort every moment to the people for support. The people will be forgotten, therefore, and their rights disregarded. The people will forget themselves but in the sole faculty of making money, and will never think of uniting to effect a due respect for their rights.

        The shackles, therefore, which shall not be knocked off at the conclusion of that war will remain on them long, will be made heavier and heavier, till their rights shall revive . . . or expire in a convulsion."
        ––Thomas Jefferson: Notes on Virginia Q.XVII, 1782. (*) ME 2:225

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        • #5
          It's all a house of cards. It blows my mind how the MSM will not report the truth.

          John Williams at www.shadowstats.com is the only guy I trust. Well Peter Schiff is right on. It's coming!

          Even this Ft.com post is mild compared to the truth.

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