The Economic Situation and Wellington City Council in 2009
Sent: Saturday, 28 February 2009 6:54 p.m.
Subject: [mailto:Bryan.Pepperell@wcc.govt.nz] THE ECONOMIC SITUATION AND AFFORDABILITY
In last months of 2008 I was giving this warning…
Some of you may be aware of the further deterioration in the global economy with the release of US employment statistics. You are also aware that we are very much connected as a global economy and that there are implications here in
Now I’m saying the situation is worsening…
From The Market Oracle /2009
“Never before in history have so many investors made decisions based on PHONY data and false headlines. Most in the alternative information arena are fully aware and have reported extensively on the POLITICALLY correct but practically incorrect economic data emanating from G7 governments. This is nothing but PR for public consumption as the real numbers would spawn RIOTS in the streets. So the public are NEVER told the true story as it is too horrible to acknowledge. The public is fed FALSE data.
GDP, inflation, employment, credit ratings, corporate profits, balance sheets and much more have been MANIPULATED to FOOL the vast MAJORITIES of the electorate that can read and write. But many of these same people are functionally illiterate of history, economics, common sense, logic and the critical thinking skills necessary to sift through the FALSE and misleading rhetoric of the mainstream media, public serpents, er … servants and school systems.”
The financial and economic crisis is spreading round the world and wealth destruction is historic.