Note:
I’m here in San Diego County in my new/old 39 foot Chevy Motorhome. I can’t get
a signal for my Verizon LG smartphone (I’ll be taking a spin in my Ford
Explorer in search of a signal; my VOIP phone, magicjack requiring a broadband
connection, is currently not up except for voicemail). The radio reception is
also limited which led me to ‘sample’ some limited AM offerings which included
shallow sean hannity the hallmark of insanity, and ‘rush revere’ [limbaugh…
he’s totally burned out (the consequence of his being ‘tired of carrying the
water for the republican party’? - his own words), relegated now to authoring
children’s illustrated books of a simplistic nature]. Shallow sean’s latest
‘crusade’ (beyond the same note/key obvious debacle of wobamacare) was defense
of the indefensible mobster but friend of sean’s, donald trump (trump should be
in jail). In defense of t_rump, he offers up the itsy-bitsy, teeny weeny
wohlman skating rink project as evidence of t_rump’s contribution to NYC (too
small for high new york priority given the magnitude of New York substantial
problems, some largely the result of trumpish tastes, ie., solid gold trump
tower fixtures, etc., that trump’s ‘pre-packaged bankrupcies’ seem to fail to
touch, and which extravagance must be paid for by someone, but not him).
Shallow sean’s excoriation of new york city never seems to link the obviousness
of t_rump’s grandstanding responsibility for same. After all, someone
ultimately has to pay for trump’s disproportionate non-value-added livin’
large. No talk of trump’s ingratiating bribe strategy for protection ( ie.,
retainer’s to law firms linked to state attorney generals, viz., {kimmelman}
wolf and sampson, chris droney’s brother, his sister’s protection/corruption
and quid pro quo from the federal bench, etc., and as well, protection of
drug-money laundering through his now nominal only casinos … See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdfhttp://www.albertpeia.com/112208opocoan/PeiavCoanetals.htmhttp://albertpeia.com/fbimartinezcongallard.htm.Trump’s a fraud! I won’t be listening to ‘rush revere’ or shallow sean
prospectively. They’re a waste of time and preposterous given their unbridled
support of war criminals bush, cheney, etc., and the failed debacles they
created, etc……
10
Facts About The Growing Unemployment Crisis In America That Will Blow Your Mind
By
Michael Snyder, on November 10th, 2013
Did
you know that there are more than 102 million working age Americans that do not
have a job? Yes, I know that number sounds absolutely crazy, but it is
true. Right now, there are more than 11 million Americans that are
considered to be "officially unemployed", and there are more than 91 million Americans that are not
employed and that are considered to be "not in the labor
force". When you add those two numbers together, the total is more
than 102 million. Overall, the number of working age Americans that do
not have a job has increased by about 27 million since the
year 2000. But aren't things getting better? After all, the
mainstream media is full of headlines about how "good" the jobs
numbers for October were. Sadly, the truth is that the mainstream media
is not being straight with the American people. As you will see below, we
are in the midst of a long-term unemployment crisis in America, and things got
even worse last month.
In
this day and age, it is absolutely imperative that people start thinking for
themselves. Just because the media tells you that something is true does
not mean that it actually is. If unemployment was actually going
down, the percentage of the working age population that has a job
should actually be going up. As you are about to see,
that is simply not the case. The following are 10 facts about the growing
unemployment crisis in America that will blow your mind...
#1
The percentage of working age Americans with a job fell to 58.3 percent in
October. The lowest that number has been at any point since the year 2000
is 58.2 percent. In other words, there has been absolutely no "jobs
recovery". During the last recession, the civilian employment-population
ratio dropped from about 63 percent to below 59 percent and it has stayed there
for 50 months in a row. Will the percentage of working
age Americans with a job soon drop below the 58 percent mark?...
#2
The U.S. economy lost623,000 full-time jobs last
month. But we are being told to believe that the economy is actually
getting "better".
#3
The number of American women with a job fell by 357,000 during the month of October.
#4
The average duration of unemployment in October 2013 was nearly three times as long as it was in
October 2000.
#5
The number of Americans "not in the labor force" increased by an
astounding 932,000 during October. In other
words, the Obama administration would have us believe that nearly a million
people "disappeared" from the U.S. labor force in a single month.
#6
The number of Americans "not in the labor force" has grown by more than 11 million
since Barack Obama first entered the White House.
#7
In October, the U.S. labor force participation rate fell from 63.2 percent to
62.8 percent. It is now the lowest that it has been since 1978. Below is a chart which
shows how the labor force participation rate has been steadily declining since
the year 2000. How can the economy be "healthy" if the
percentage of Americans that are participating in the labor force is
continually declining?...
#8
If the labor force participation rate was still at the same level it was at
when Barack Obama was elected in 2008, the official unemployment rate would be about 11 percent right now.
#9
Even if you are working, that does not mean that you are able to take care of
yourself and your family without any help. In fact, approximately one out of every four
part-time workers in America is living below the poverty line.
#10
In January 2000, there were 75 million working age Americans that did not have
a job. Today, there are 102 million working age Americans that do not have a
job.
So
what are our politicians doing to fix this?
Shouldn't
they be working night and day to solve this crisis?
"But I want you all to know, I will not
rest until anybody who's looking for a job can find one -- and I'm not talking
about just any job, but good jobs that give every American decent wages and
decent benefits and a fair shot at the American Dream."
Unfortunately,
things have not improved since Obama made that promise, but he has found the
time to play 150 rounds of golf since he has
been president.
Meanwhile,
because there aren't enough jobs, the number of Americans living in poverty
continues to grow.
As
I wrote about the other day, according to new numbers that were
just released an all-time high 49.7 million Americans are
living in poverty.
The
only thing that most Americans have to offer in the marketplace is their
labor. If they can't find a job, they don't have any other way to take
care of themselves and their families.
The
future of the middle class in America depends upon the creation of good
jobs. It really doesn't matter how far the quantitative easing that the
Federal Reserve has been doing pumps up the current stock market bubble.
The American people were told that "economic stimulus" was the reason
for doing all of this reckless money printing, but the percentage of working
age Americans with a job is now actually lower than it was four years ago. Quantitative easing has been a
complete and total failure in the job creation department, and it is doing a tremendous amount of
long-term damage to our financial system.
The
really frightening thing is that the Federal Reserve and the federal government
have supposedly been doing all they can to try to "create jobs" and
they have utterly failed. In fact, this is the first time in the
post-World War II era that we have not seen an employment recovery following a
recession.
And
now the next wave of the economic collapse is rapidly approaching. What
that hits us, millions more Americans will lose their jobs.
So
the truth is that this is just the beginning of the unemployment crisis in
America.
Yes,
things are bad now, but soon they will get much worse.
... And why does the Fed, with
$1.3 trillion in cash parked at foreign commercial banks or more than half of
the reserves created under QE1, 2 and 3, continue to bail out
non-American banks?
"The Fed's real dilemma is
that its policy is creating a financial market bubble that is
large relative to the pickup in the economy that it is producing,"
Bridgewater notes as the relationship between US equity markets and the Fed's
balance sheet (here
and here
for example) and "disconcerting disconnects" (here
and here)
indicate how the Fed is
"trapped." However, as the incoming Yellen faces up to her
'tough' decisions to taper or not, Ray Dalio's team is concerned about
something else - "we're not worried about whether the Fed is going
to hit or release the gas pedal, we're worried about whether there's much gas
left in the tank and what will happen if there isn't."
This week an article
in Euromoney points out that liquidity in bond markets is drying up.
The blame is laid at the door of regulations designed to increase banks'
capital relative to their balance sheets. Furthermore, the article informs us,
new regulations restricting the gearing on repo transactions are likely to make
things worse, not only reducing bond market liquidity further, but also
affecting credit markets. The reason this will be so is that in a repurchase
agreement a bank supplies credit to non-banks for the period of the repo.
One could take another equally valid point of view: the reason for
deteriorating liquidity in bond markets is due in part to yields being
unnaturally low.
The MSM did their usual spin job on the
consumer credit data released earlier this week. They reported a 5.4% increase in
consumer debt outstanding to an all-time high of $3.051 trillion. In
the Orwellian doublethink world we currently inhabit, the consumer taking on
more debt is seen as a constructive sign. The storyline being sold
by the corporate MSM propaganda machine, serving the establishment, is that
consumers’ taking on debt is a sure sign of economic recovery. They must be
confident about the future and rolling in dough from their new part-time jobs
as Pizza Hut delivery men. Plus, they are now eligible for free healthcare,
compliments of Obama, once they can log-on. Of course, buried at the
bottom of the Federal Reserve press release and never mentioned on CNBC or the
other dying legacy media outlets is the facts and details behind the all-time
high in consumer credit. They count on the high probability the average math
challenged American has no clue regarding the distinction between revolving and
non-revolving credit or who controls the distribution of such credit. A
shocking fact (to historically challenged government educated drones)
revealed by the Federal Reserve data is that credit card debt did not exist
prior to 1968. How could people live their lives without credit cards? 1968
marked a turning point for America...
Let’s
use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces
of gold or pretty close to $1,000,000, if we adjust existing supply of both to
equal eachother. One BTC is currently worth 0.14 ounces of gold. That
gives BTC an upside of 5000 times to equal the current price of gold, supply
adjusted. Clearly, I and everyone else believes that Gold may well be
much higher than here in the next 5 to 10 years, thus versus the US Dollar the
upside for BTC could be multiples of that. Now, before you shake your head,
simply go back to the chart of Gold versus the US Dollar and just recognise
that it has risen 8750% since the 1920s. And just remember that Microsoft rose
61,000% from its IPO to it’s peak. Considering what we know about the world, I
personally believe that Bitcoin may well explode in value as more and more
people begin to use it. If you stuck $5,000 into Bitcoins and each
Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold
(not the potential fair value of 700), then at current prices your Bitcoin
stash would be worth $3.3m.
While
most pragmatists knew well in advance that optimism over an Iran nuclear
programme deal emerging out of Geneva was very much displaced, few anticipated
what the actual reason for the failure would be. Indeed, most had expected that
the staunchest opponent to the deal, Israel PM Netanyahu who moments ago
appeared on Face the Nation and made his case (saying Iran would have given up
"almost nothing") would have used his influence over the US as a key
member of the 5+1 group of nations (US, Russia, China, France, Britain and
Iran) to block any Iranian detente with the US, even though none other than
John Kerry has been urging for the Iranian deal for weeks. So when news hit
that it was France who had scuttled a deal with a last minute block, many were
surprised.
With over 10,000 dead in the
Philippines, here is a selection of what the survivors in the aftermath of the
tragic hurricane saw: "The devastation is so big."...
"I don't know how to describe what I saw. It's
horrific."..."People are walking like zombies looking for food,"
said Jenny Chu, a medical student in Leyte. "It's like a
movie."..."It's like the end of the world."
Having watched Mike
Maloney's "Secrets Of Money" series (Part 1, Part
2, Part
3, and Part
4 here), Chris Martenson discusses the critical aspects of the must-watch
episodes. Crucially, as we enter a period of apparent Nirvanic equity markets
(and dystopian 'real' economics), Martenson's points on the "unnecessarily
complex monetary system" that we have today are summed up by his statement
that "there is nothing more important that understanding how our money
system operates... and why it will fail us."
The
chief of the Federal Aviation Administration predicted Thursday that
U.S. airspace could be crowded with as many as 7,500 commercial drones within
the next five years. As The
Washington Times reports, Michael Huerta said his agency would set up six
sites across the country to test drone operators and, in an effort to balance
privacy/safety with anarchic airspace drone pollution, he added, "we must
fulfill those obligations in a thoughtful, careful manner that ensures
safety and promotes economic growth, " as dangerous
incidents involving drones have already taken place... Although they
are expected to be used for peaceful purposes such as firefighting and weather
tracking - it's causing a lot of concern, as Huerta warns "we need
to be responsive to public concerns about privacy."
We all intuitively grasp the meaning of
diminishing returns:Either it takes more effort to maintain a project’s payoff, or the payoff
declines even though the effort invested remains constant. The key driver
of diminishing returns is easy to understand. We naturally continue to do more
of what was successful in the past. As the returns decline, we redouble our
efforts, confident that what worked in the past will once again be successful
if only we invest more labor, energy, and capital. However, the status quo's
default diversion of 'money/credit' to support diminishing returns has two
costs: the opportunity costs of what else did not get financed
because available resources were poured down the rat hole of failing programs,
and the largely hidden increase in systemic fragility as productive investments
are starved by the diversion of resources to the rat holes of diminishing
returns. This dynamic leads to the final phase of doing more of
what has failed spectacularly.
While
the so-called "bulk spying" of the NSA is major privacy issue, Mises
Media's Mark Thornton explains that the unintended consequences of this
surveillance invasion has real economic implications...
In his parting act, Federal Reserve Chairman
Ben Bernanke has decided to continue printing some $85 billion per month (6%
of GDP per year) and spend those dollars on government bonds and, in
the process, keep interest rates low, stimulate investment, and reduce
unemployment. Trouble is, interest rates have generally been rising,
investment remains very low, and unemployment remains very high. As
Lawrence Kotlikoff points out, echoing our perhaps more vociferous discussions,
Bernanke’s dangerous policy hasn’t worked and should be ended.
Since 2007 the Fed has increased the economy's basic supply of money (the
monetary base) by a factor of four! That's enough to sustain, over a relatively
short period of time, a four-fold increase in prices. Having prices rise that
much over even three years would spell hyperinflation.
bizpacreview.com | Ever the
crack military analyst, Lt. Col. Oliver North predicted that the Russians will
kill famed National Security Agency leaker Edward Snowdenand pin the murder on
the United States.
Zero Hedge | A tiny 18% of
uninsured Americans – the primary target population for the exchanges – have so
far attempted to even visit an exchange website.
CNSNews.com | The unemployment rate increased in
October compared to September, when it was 3.9 percent, but improved overall
since its peak in 2013 when it stood at 5.3 percent in July.
bizpacreview.com | Ever the crack
military analyst, Lt. Col. Oliver North predicted that the Russians will kill
famed National Security Agency leaker Edward Snowdenand pin the murder on the
United States.
By
Michael Snyder, on November 10th, 2013
...because
it's always what's not said that matters...
As
we remember the fallen this weekend... Prussia: Oh, f##k you France.
For
Let’s
use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces
of gold or pretty close to $1,000,000, if we adjust existing supply of both to
equal eachother. One BTC is currently worth 0.14 ounces of gold. That
gives BTC an upside of 5000 times to equal the current price of gold, supply
adjusted. Clearly, I and everyone else believes that Gold may well be
much higher than here in the next 5 to 10 years, thus versus the US Dollar the
upside for BTC could be multiples of that. Now, before you shake your head,
simply go back to the chart of Gold versus the US Dollar and just recognise
that it has risen 8750% since the 1920s. And just remember that Microsoft rose
61,000% from its IPO to it’s peak. Considering what we know about the world, I
personally believe that Bitcoin may well explode in value as more and more
people begin to use it. If you stuck $5,000 into Bitcoins and each
Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold
(not the potential fair value of 700), then at current prices your Bitcoin
stash would be worth $3.3m.
While
most pragmatists knew well in advance that optimism over an Iran nuclear
programme deal emerging out of Geneva was very much displaced, few anticipated
what the actual reason for the failure would be. Indeed, most had expected that
the staunchest opponent to the deal, Israel PM Netanyahu who moments ago
appeared on Face the Nation and made his case (saying Iran would have given up
"almost nothing") would have used his influence over the US as a key
member of the 5+1 group of nations (US, Russia, China, France, Britain and
Iran) to block any Iranian detente with the US, even though none other than
John Kerry has been urging for the Iranian deal for weeks. So when news hit
that it was France who had scuttled a deal with a last minute block, many were
surprised.
The
chief of the Federal Aviation Administration predicted Thursday that
U.S. airspace could be crowded with as many as 7,500 commercial drones within
the next five years. As 
While
the so-called "bulk spying" of the NSA is major privacy issue, Mises
Media's Mark Thornton explains that the unintended consequences of this
surveillance invasion has real economic implications...