From the Desk of Robert D Anding III
I beg you to take notice of what is truly, factually, and daily occurring in the US and world finical markets. I warn you now, there is information which can not be distributed openly, however if anyone is willing they can find the loose strings and weave them into a recognizable canvas.
The deliberate dismantling of the current world finical system need not catch you off guard. The choice is yours!
The Economy is doing just fine thank you!
February 6, 2008Retailers Taking Their Medicine and Turning Cautious Over GrowthRetail Industry Experts Say Closing Stores and Pulling Back is the Right Move in this MarketThe past couple months in retail real estate have been laden with more store closing announcements and news of retailers slowing expansion plans than we've seen in a long time. However, two retail real estate strategy executives, a Wall Street retail analyst and a leading Texas retail real estate broker, confide that closing stores and turning cautious over expansion plans may be the best thing for retailers to be doing right now.Announcements over the last couple months include Movie Gallery closing another 400 stores; Charming Shoppes closing 150 stores and cutting expansion plans by 50%; Starbucks closing 100 stores and slowing expansion plans by 34%; Ann Taylor shuttering 117 stores and slowing store growth; Boston Market evaluating its real estate opportunities; Buffet Holdings sorting out its underperformers; Sprint Nextel closing 125 stores and 4,000 distribution points; Cost Plus World Market closing 18 stores; Liz Claiborne closing 54 Sigrid Olsen stores; New York & Company axing the Jasmine Sola brand and its 32 stores; Ethan Allen closing 12 stores; PacSun closing all of its 173 demo stores; and Talbots exiting its kids and men's lines through closure of 78 stores.Others include Rite Aid exiting Nevada by closing 28 stores; Macy's closing nine stores; Krispy Kreme expecting many franchisees to close stores; Kirkland's Home likely closing 130 stores; CompUSA's remaining 103 stores being disposed of; Rent-A-Center closing 280 stores; Sofa Express closing 44 stores in bankruptcy; 84 Lumber closing 12 stores; Home Depot closings some call centers; Levitz Furniture disposing of 76 stores in bankruptcy; Pep Boys closing 31 stores; Lifetime Brands closing 30 stores; Big A Drugs liquidating its 21 stores; and more.
Hey lets see who is doing just fine!
Wickes Furniture Files For BankruptcyPORTLAND, Ore. -- Wickes Furniture filed for Chapter 11 bankruptcy Monday.Company officials said the business was hit hard by the slump in the housing market, gas prices and a slowing economy overall.Wickes has more than 40 stores across the country. Six of them are in Oregon.
St.Louis, Chrysler had recently let go off its second shift at their plant. 850 have lost their jobs (announced today) at Macy's mid west headquarters here in down town St.Louis. Sprint is closing many of its stores very quietly nationally.
Granite City Steel closed its plant just last year.
Olin Corporation, in East Alton was bought out (parent company in Clayton) by out of town conglomerate, resulting in very serious major job loss locally.
[link to www.federalreserve.gov]
The Federal Reserve just released this week’s data. This happens every Thursday at approximately 4:30.
Last weeks release showed for the first time ever a -negative balance for 'non borrowed reserves' (2nd column). This is the first time ever this has happened.
(About the Release: The H.3 release provides data on aggregate reserves of depository institutions, including required reserves, total reserves, excess reserves, non-borrowed reserves, and borrowings by depository institutions from the Federal Reserve's discount window. The release also provides data on the monetary base, which includes currency and reserves. The release is published weekly. Current and historical data are also available from the Economic Bulletin Board of the U.S. Department of Commerce.)Look at the February 7, 2008 release!
The Federal Reserve is not publishing this week’s data in the current release.
There can only be one reason and that is the deliberate destruction of the US economy is almost complete. The FEDREAL RESERVE is now out of worthless paper. The same worthless Fed Reserve notes NO ONE wants to buy.
Another MAJOR hint about this pending crisis is when you do a 'Google News' search on 'federal reserve non borrowed reserves' there is not a single result. There is literally a complete MSM 'blackout' about this. Not only is the fact that last week they were in the negative, now you have nothing about the omitted data.
From a very informed source who does not wished to be named:
The FEDERAL RESERVE BANK has more then -3 billion dollars in NEGATIVE fractional assets.
Meaning they are IN DEBT, with NO ONE, willing to continue to buy worthless US issued Monetary Bonds. IF you do not know what Fractional Reserve lending is, well you must have slept through your US economics class. Me, I never graduated high School, I had to learn the hard way, I read a book.
Oh Robert, you are just so over the top with all this vitriol!
[link to business.timesonline.co.uk]
Excerpt:Fears for bond insurance market put Federal Reserve on red alert [02/07/2009]
Ben Bernanke, chairman of the US Federal Reserve, yesterday acknowledged that the bank is worried about the impact of an impending implosion of bond insurers on the US economy.
In a letter published yesterday, Mr Bernanke said that the Fed is “closely monitoring” problems with US bond insurers: “Given the adverse effects that problems of financial guarantors can have on financial markets and the economy, we are closely monitoring developments,”
Mr Bernanke said in the letter to Paul Kanjorski, a Pennsylvania Democrat who chairs a House of Representatives sub-committee that oversees capital markets and the insurance industry.
Mr Bernanke was joined in his concerns by David Viniar, the chief financial officer of Goldman Sachs, who gave warning yesterday that some key mortgage bond insurers could collapse. He predicted that Wall Street bailouts would be able to satisfy ONLY SOME (caps are the OP's)of the need for extra cash.