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Both Consumer Confidence And The Labor Participation Rate Are At A 30 Year Low ... That's Not A Coincidence
A new poll from Thomson Reuters and University of Michigan shows that consumer confidence is the lowest its been for 30 years.
A new report from Wells Fargo Securities shows that the labor participation rate is also "at a 30-year low".
That's not a coincidence.
If people can't find work, they'll have no confidence in their ability to pay for the things they want or need, or in the economy as a whole.
The administration - despite its rhetoric - is doing nothing to decrease unemployment (and see this), and is solely helping the super-rich at the expense of everyone else.
Given this situation, it shouldn't be a huge surprise that:
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Considering that the super rich are the .01 of the American people and there are approximately 312 (2011 census) million Americans; appoxmitly 31,200 people would be considered super rich. We are only talking about a few large families that rule the rest of us. Take away the innocent children and there are approximately 312 political super elites.
Their directly paid minions (congress, government officials, main stream propaganda media are probably another 31,000 people. Again, we are only talking about .02 % of the total American population.
That’s not too big of number to prosecute for criminal/treason activities!
with the economy going from bad to worse, what will happen to the television preachers.?? hmmmm?
http://www.youtube.com/watch?v=K2Sm2fWMccA&NR=1
Why politicians do everything to help the super-rich and despise the poor and middle class:
1) They want to be super-rich,
2) The super-rich compliment them and treat them like one of the club,
3) The super-rich feed their pocket books and egos ,
4) The super-rich provide hookers and little tots for their depraved sexual interests,
5) The super-rich fly them around in private jets, let them stay at villas cruise in super-yachts,
6) The super-rich always ensure they get re-elected,
7) The super-rich own the media and make them look good when they've been bad,
8) The super-rich give lots of awards and honors through shill organizations,
and last ...
9) The rest of humanity whines and moans and yells epithets at them in public meetings.
I have a lot of confidence.
I am confident that the pig is roasted and is about to be pulled off the spit and carved.
Geez GW, You must be eluding to the American (free trade, sic) economic crisis and their American global oligarchy government, has anyone noticed that the financial crisis began when the global N.W.O fascist took control of our American government and economy?
Thanks, CIA, Trilateral Commission and Council on Foreign Relations and a special shout out to the Home Land Security, Supreme Court, FBI and Attorney General Holder! Traitors! Ha. Ha.
There are two kinds of American Capitalism: Main Street American Capitalism which employees 70% of working Americans and Multinational Corporate Centralized Bankster Capitalism that controls our economy, government (trade agreements secret packs) and exports our American jobs and industry.
You know, like the great fascist Benito Mussolini once stated. “Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power.”
Funny, Chinese Communism is also that ideal totalitarian fascist structure, the perfect centralized fascist tool. That is a fascist marriage made in hell and the death of American Main Street Capitalism; global fascist hate competition. Ha. Ha.
Tell me where would America be today if the traitors were in prison and the trillions of dollars of taxpayer money/debt would have been spent “stimulating” Main Street Capitalism?
TEST
Yea! Blacksheep and idog; you failed the test! What kind of third grade argument is that? No rebuttal argument that you can articulate?
... Failed.
How do we really know there are "superrich" people? I've never seen one. And how do we know they are so "super"? Do they have magical powers? Or are they "rich" because they hold a bunch of t-bills and/or stock or started some company and now have a bunch of equity in that company which they could never realistically liquidate. If they tried to sell it perhaps they wouldn't be so "rich" after all just as if we all tried to liquidate our savings accounts for cash only 10% or less would be successful. Just some food for thought. In my opinion skill and ability are the only tangible form of real wealth. I might envy Rafeal Nadal his ability to hit a tennis ball or Richard Feynmann's ability to solve simple and complex problems in science but Bill Gates? Not so much! Never enough talent and ability to go around in any society at any time in human history.
aGreed. We live in a very insidious world, one constructed by mindless and heartless douche bags... the only thing they envy is how many t-bills / stocks / cash someone else has, compared to them... i.e. their only concern in life is their wealth (wealth being a ratio of assets between entities). The result of trying to emulate that psychotic pattern is that you (ubiquitous You, not particularly YOU) construct a society whose only aim is to find a way to sneak some of someone else's assets into your own pile. Entire fucking industries, not to mention websites and blogs, have devoted their entire waking energy expenditure on this ridiculous goal. We need innovation and not one of these douche bags can think beyond the scam. They never learned how to produce an artifact that's useful, in demand, solves needs, creates desire, enriches life. Instead, these same douche bags will tell everyone that it is the System that creates the best conditions for innovation. Well, System, this is the best fucking time for innovation, so let's see a hell of a lot of innovation asap, OK? Never will happen, because the only innovation being invented is how to fuck the person next to you out of the t-bills / stocks / cash they have. I only admire the geniuses of the world... those who did what they did not because some asshole offered to pay them something useless, but because they were driven by a need to know, a need to think, a need to help solve humanities problems. They wanted to Advance society, not steal from it. Mother fuckers.
Nicely put.
So I'm stuck watching CNBC while having lunch, and I see a bit about Schakowsky's plan to 'create jobs'...police officers, firemen, and people to rehab schools...at the low, low price of $100k per 'job'...by creating a 49% bracket for million plus incomes.
*sigh*
I'm an unabashed progressive and even I can't get behind that kind of larceny.
"Schakowsky's husband, lobbyist Robert Creamer, the executive director of the Illinois Public Action Fund, was indicted in federal court on 16 counts of bank fraud involving three alleged check-kiting schemes in the mid-1990s, leading several banks to experience shortfalls of at least $2.3 million."
http://en.wikipedia.org/wiki/Jan_Schakowsky
This one is needs to be near the front of Robespierre's line.
A detestable hypocrite with a genial demeanor.
I don't understand why the cost would not be more like $40,000 per job; and the administration of the entire program could be additional jobs too!
Someone is planning a pork distribution.
Can they just not get on with helping the citizens.
Cheap mortgage deals fail to stimulate demand as only London sees consistent house price growth
http://www.guardian.co.uk/money/2011/aug/12/house-prices-fall-21-month-l...
ugh.
George, lead us! What would you do, with the consent of the governed, to create jobs, pay down the debt, and "make America great again"?
gh
gh Sellstop,
I'm super tired, but will give you a thumbnail.
I think that we're stuck in a dysfunctional moment we call the "present".
I think that we could have a very good life if we combine the best of a super-futuristic sci fi vision with the best of back-to-tribal living. Star Trek tech with tribal sense of community...
I believe that we could crank out great high-tech energy production and conservation systems, but they are being supressed by big oil and coal so they can continue to monoplize energy profits.
I agree with Gerald Celente that things are really bad (we've been in a Depression since 2008 ...) but that there will be stunning alt energy breakthroughs this year or next.
With cheaper and cleaner energy production, we could have exponential breakthoughs in science which would kick start the world economy.
Sorry to be short and cryptic, but have to shut down for the night ...
They can only be supressed "by big oil and coal" in an environment where big oil and coal are aided and abetted by big government, regulations, licensing, barriers to entry, taxpayer subsidies and bureaucratic manipulation of terms of trade.
In a free market -- where large corporations can only exist if they are competitive and have the consent of both employees and customers -- new technologies would flourish and eventually drive out the old misallocated capital.
Monopolies cannot exist in a truly free market: They can only exist where politicians can be bought, threatened and manipulated into passing restrictive legislation, where bureaucrats can be bought, threatened and manipulated into passing restrictive regulations, and courts are thereby forced to impose resulting penalties for victimless "crimes".
Central planning doesn't fucking work!!!
GW, that's not cryptic, that's pretty concise.
"With cheaper and cleaner energy production, we could have exponential breakthoughs in science which would kick start the world economy."
But we are still stuck with the same socialists, tyrants, kleptocrats and banksters to suck the vibrancy out of the material. technological and human resources of the world.
Until the Constitution is restored, we do not have a chance to return to prosperity in this country.
Until the Constitution is torched, there is no chance of a return to prosperity. The Constitution was first misused/ignored by George Washington, then by Hamilton, then by Lincoln, then by Roosevelt, then by.................
Central planning by any "federal" government doesn't fucking work. Ask the Russians ... ask the Europeans ... ask the Scots ... ask the Irish ... ask the Florentines ... ask the Founding Fathers, FFS!!
Marxism has only been a success for the oligarchs and globalists ... which is why they have been using it as their primary tool to progressively [pun intended] take over the planet for all of the last 150 years.
{Duplicate}
GW : I agree with Gerald Celente that things are really bad (we've been in a Depression since 2008 ...) but that there will be stunning alt energy breakthroughs this year or next.
Could you clarify or explicit this a bit more?
TY
Work on automating production. Share everything that you have with everyone that needs something. Make sure all people on earth are fed, housed, and taken care of. Make sure that you develop a new psychology to adopt the new balanced economy. Work on a thesis of your life. Teach others to become whole human beings. Look up Zeitgeist if any of the above doesn't make sense... it's the closest to what I advocate, and would satisfy George's criticisms.
<<Make sure that you develop a new psychology to adopt the new balanced economy.....Teach others to become whole human beings. >>
To me, this is the crux of the matter, and unfortunately a difficult enough task that I doubt it is possible in time. A major tech breakthrough as GW hopes for would buy us more time, but would not solve the long-term problem of human greed, arrogance and selfishness. This is NOT human nature; it is "second nature", aquired through conditioning. De-conditioning is the function of (some forms of) meditation and Somatic Therapy/Education.
The difficulty in this task is one of willingness, not technical difficulty or lack of available methodology. The breakthroughs in "inner tech" are here now (pun intended). As the Tao Te Ching says, "When inferior people encounter the Tao, they laugh at it. If they did not laugh, it would not be the Tao".
For instance:
http://www.traumahealing.com/
http://www.radiantmind.net/
that kinda what I had in mind. But its hard to get these survivalists to share....
gh
Next time they take this poll they need to also ask something like: "What if any steps have you taken to protect yourself and your family in case of societal disruptions to food, energy, water, security, etc.?
Also, are you aware of or have you joined with others to protect yourself and "barter" in case the economy collapses?
Last question, do you intend to prepare for what could happen if society breaks down as it has in parts of London?
http://www.collapsenet.com/262.html
The participation rate is brutal. Many people have given up. They must be on food stamps, and the ones over 62.5 just living off SS benies. Sometimes I am simply amazed that the whole Ponzi has lasted so long.
27% think we're headed in the RIGHT direction?
21% are SATISFIED with the U.S. political system?
ANYONE thinks the govt is acting with the consent of the governed?
We're in more dire straits than I thought.
August 13th, 2011, 9AM CST. Either ZH is frozen in time or my cache is really broke!
+100, UK brother.
+100, UK brother.