“We’re On The Verge Of A Great, Great Depression.”

13 years ago view-show 879,615

Sheeeeiiiit.  This doesn’t look good.  I try to keep my posts to cool rap sh*t, but while we are all pretending to be balling at the club in our new Gucci sunglasses this country is kind of going to sh*t.  I mean the record business may just be a microcosm of the American industries in general.  According to CNBC:

Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.

“What we’ve got right now is almost near panic going on with money managers and people who are responsible for money,” he said. “They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.

“We need to find real yield and real returns on these assets. You see bad data, you see Treasurys rally, you see all bonds and all fixed-income rally and then the people who are betting against the U.S. economy start getting bearish on stocks. That’s a huge mistake.”

Stocks extended losses after the manufacturing fell below expectations in May and the private sector added only 38,000 jobs during the month.

“Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything,” Yastrow said. “We’re on the verge of a great, great depression. The [Federal Reserve] knows it.



  1. “while we are all pretending to be balling at the club in our new Gucci sunglasses this country is kind of going to sh*t”

    Nigga shaddup.

  2. Sam, I wish you would post more of this type of stuff as opposed to A.R. and other entertaining BS. I know people want to be entertained, but education is more important. This is one of the biggest scams ever. The banks keep borrowing on the tax payer dime, but there are not enough jobs to get the revenue flowing back to keep the capital high. Think about it like this, if an average everyday working joe was in debt up to his eyeballs would a bank keep lending him money? Nope, so why do banks keep borrowing from us? Absolute crap. The depression is already here, it is just slow at the moment. This is a planned systematic financial crash in order to implement a new currency system.

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