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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Message: Just When News On The Oilsands Can't Get Much Worse

bbq:

Not all is well in the US economy.

1. Total derivatives are 600 trillion dollars and still overhang and threaten the entire economic structure.

2. The stimulus has now been spent with no lasting benefit. So of course, Obama is talking about doubling down. But what the heck, what is another trillion when total debt and unfunded obligations owed to the US Citizens is already 126 trillion $. After all, it is not really anything of value. Just the sweat, blood and tears of every US Citizen. So why should Congress care?

3. The bad debt represented by failed housing loans continues to snowball in an exponential fashion.

4. Our government continues to lie to the American people about inflation. Which according to Shadow Stats, the way the Federal Reserve used to track it, is now 6.1%. The Government has not the honor, honesty or integrity to give the real numbers. They do not even include in the data, sunch inconsequential items as food. Which of course is exploding upward in cost.

5. True unemployment ( forget the fiction published by the Labor Department), is now 16+ %!

I could go on and on, but you likely get the picture!!

Brian

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