It is over simplification to speak in terms of recession. For example Cargill and other European grain terminal giants purchased millions of tons of wheat cheaply off of American farmers this summer on contracts, because American farmers usually screwed on prices thought 4 dollars a bushel was huge money.........now the Europeans who gobbled up all world wheat are setting on 10 dollar a bushel wheat, a 6 dollar a bushel mark up which amounts to billions. (Gee and no one talks about that price gouging and profiteering).

I pointed out here in this which no one seemed to notice that Bush 43 in the State of the Union was changing American policy to be free of the Middle East in bio fuels. Allot of dimwits posting here started screaming about bio fuels causing food shortages which is not the case as cold pressed oil leaves the food product and only takes out the oil as ethanol does starch.
In this sense, President Bush initiated the fail safe of fail safes in using food as the weapon against Chicom resource gobbling, Russian oil production and Islamocommunist oil terrorism.

Oil and resource prices may go up in the attack on the American dollar in dumping it.........but America always produces food for export with is the checkmate now in the game of finance.

This is the crux of recessionary actions. The housing market was bubbled to absorb those trillions the Rockefeller fed was printing up after 9 11 to ward off a worldwide depression. That market is in recession as is the banking giants who just got bailed out a few days ago by having billions of dollars pumped into it........fake money with no value stablizing banks with fake money with no value.

So in the outlook of your world Mr. Blumer you are correct in there is no recession as the markets continue, the finance bubble pop is being inflated with bogus funds, the same bogus funds which run the inflationary world which spirals the entire world into debt that will collapse........as one can only inflate out debt so long before an Enron develops onto a national scale.

The reality though is the world has been in recession since 1970 with LBJ's going off of gold and his war on poverty and war on Vietnam bankrupted America. Nixon tried price controls and Carter being a dufus collapsed the system in Rockefeller policy to harvest the billions Nixon created for the American farming sector.
Reagan fueled his expansion on Japanese debt which they collapsed upon themselves. Right now the Chicoms are being asked to uphold the bogus system and Arab oil billionaires are being asked to keep 30 cents on the dollar.

For someone living in America it all doesn't really recess as our cheap products sell overseas and our inflation bites people with money, but does not really hurt them as they system is based now on slave Mexican, Chinese and Russian labor here and abroad.

For me though, 100 dollars to fill a tooth, 50 dollars to fill a gas tank and now a wheat monopoly which American farmers got screwed on having their grain legally stolen, but where they have to pay the same high costs in bread is a recession as I fill up 700 dollars of propane today which used to cost 325 dollars.

I respectfully ask you to consider that an economy running on bogus currency, inflation and places where slave labor and numbers of citizens who do not have the ability to pass along price increases is not a healthy economy even if it does not fit the standard of "recession".

Americans lost on average $3600 in fuel costs per year in just going to work in the past cycle when gas went from $1.56 a gallon to the current $2.98. As one factors in costs now graduated in since last spring as the Bush team allowed inflationary rates to catch up to farm and manufacturing production, there has not been any rise in prosperity.

None of this is anything to celebrate as the Walmart cheap Chicom products have ended. In pricing my cast iron wok which was $4.99 this spring has now gone to $6.99. That is a remarkable mark up in Chinese inflationary costs which will compound in a weak dollar.

This system might be running, but it is on the verge of collapse. The liberal Greenspan led policy is horrendous in robbing Peter to pay Paul.

The only reason any of this works is because the cartel is printing the money bailing out the fake money to keep the fake economy going..........

.......and yet in this George Soros monopolizes the gold fields of Romania for later rape as the world depression which is not a depression plunges the world into the abyss.

I have tried and posted again and again here trying to stimulate a policy and inspire the GOP in sound economic policy which is production geared as Benjamin Franklin promoted in that type of increase in money supply never inflates and only prospers all citizens.
So while the economy runs and is not in recession, it is in recession and in asking most Americans they can tell you their life is one of worry from this process. It is past time to playing this cartel game of if recession is and is not as it is their game to take the buying power of the middle class to make them wards of the state. (Research a national plan carried out against the savages of the plains in bankrupting them of the ability to care for themselves and make them reservation welfare recipients. The same situation was implemented on blacks by Democrats destroying them.)

I do not mean this in any way to contend with you Mr. Blumer as I know you to be sincere and gifted. It is just you are defending a recession which is harming your future.
President Bush made the best he could in the world depression corner he found himself in after 9 11, but it is past time flooding our nation with border busters and printing fake cash to fuel this in debt.

America is about to enter into a whirlpool of food as weaponry and nation states with billions of people are going to find recession, Russian bolsheviks and Islamocommunist holding deflationary currency (I submit the Russian gold reserves like all precious metals are valueless too as gold at 900 dollars an ounce is worthless than gold at 100 dollars an ounce as 900 dollars has no value.) and Europe contending with a menacing Asian front without production nor consumption will fail. The effect will be a world Eurasian war which has already started in leverage wars.

America is in a world recession and our people's wealth is recessing to poverty levels. America must start wealth production in mining, farming and couple it to manufacturing with bio fuel and carbon fuel production to create an island of trade not being an acceptable target for Asian nuclear missiles due to our value.
In that I have advocated that our 2 islands of England and Japan be our powerful trading partners to Eurasia as our fronts, thereby the economic chaos and war stays in Asia.

As a final quelling of the waters, I advocate that America literally buy up the northern Mexican states in industry and use those communist foundations of MacArthur and Ford to build American schools teaching Republican form of government with educating those masses. This will be Mexico's salvation and it's ascendency as a real trading partner and as a block to South American invasion by border busters as Chavez is ruining Venezuela.

I apologize for this being so long, but this is not a matter of whethere the American economy is "producing". The entire system is in as precarious of condition as when the pound was dumped as the world standard. The only reason the dollar has not been dumped is no currency can replace it.

agtG

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