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People Not In Labor Force Soar By 663,000 To 90 Million, Labor Force Participation Rate At 1979 Levels
Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."
People not in labor force:
Labor participation rate:
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Who needs to work when there is plenty of "free" money, especially when they are invested in a bubble/speculative expensonomy.
A friendly reminder: Enjoy it as long as it last, for it will be short lived.
Ahhhh! 1979. Good memories...worn out toughskins, hand-me-downs, no money in my pocket, hamburger helper on the table, Another Brick in the Wall on the radio, not a care in the world, and no job. Good times are coming back around. I was 11, but the no job and not a care in the world part is reserved for those "disabled" Americans living the life.
We ate "turkey loaf" a lot. Nasty.
This is great news. More free time to do this.
http://www.youtube.com/watch?v=ZS2Z19yTuPI
And after months of covering happily on a prozac high for their dear leader, the apparatchik presstitutes suddenly take a turn...writing as though they just found out about the state of the union. And of course, they HAD TO say it was bad, as they spent weeks on endless apocolyptic projections for the super-duper OMG scary sequester. Idiots of malpractice and entirely predictable.
CNN: Hiring slowed sharply in March, with the economy adding only 88,000 jobs, the lowest monthly gain since last June. The unemployment rate slipped to 7.6%, according to a Labor Department report released Friday. But it's not good news: It's because nearly 500,000 people dropped out of the labor market.
ABC News: The unemployment rate fell to 7.6 percent in March but just 88,000 jobs were added, raising fears that the economy is beginning to cool after several strong months. Ahead of Friday's jobs report, economists braced themselves for grim numbers. On Thursday, the Labor Department reported that the number of jobless Americans filing unemployment claims increased for the third consecutive time last week.
CBS News: The Labor Department said 88,000 jobs were created in March and the unemployment rate edged lower to 7.6 percent, the lowest rate since December 2008. Let's not sugar coat it: This was a lousy report.
NBC News: Jobs growth stumbled in March as U.S. employers paused to take stock amid Washington's financial belt-tightening and Europe's continuing financial crisis. The Labor Department reported that the U.S. economy created 88,000 non-farm jobs in March, much lower than the 195,000 to 200,000 expected and well below February's 254,000 increase. March's job creation was the lowest in nine months.
And on, and on...pathetic JournoList, really pathetic.
the leap of 25 million from 1997 coincides with the dot.com bubble when the interent became fully integrated in the peoples way of life.
the fact that states can shift payment for people if they come off unemployment benefit (state pays) and onto disability benefit (federal) strikes a large bell. 14 million people, of which (guesstimate) 10 million have shifted to disability which explains 10/25 or 40% of the increase.
guesstimate again is the loss of a further 10 million from the shift in manufacturing jobs thanks to the pimp Clinton and the bore Gore with their free trade agreements "shooing off" the manufacturing base into BRIC and satellite BRICS.
why is it so hard ot see that you may make more money siting factories offshore, but you still make money domestically if you stay on shore and you dont put millions out of work. we have seen that robotics can replace most forms of work. so this may be short term (5 years strategically) but in this time, with brains other than pimp CLinton and bore Gore, how less of a deficit would the government have and how much more money would US people have?
(i could "ball-park" the other 5 million being displaced by tech and robots).
hey, congrats are in order, Tylers, for getting yourselves front, center on Drudge.
cant see it here: http://drudgereport.com/
IT is in the archives here: http://www.drudgereportarchives.com/data/2013/04/05/20130405_153825.htm
Wow, just wow.
Who the fuck cares about jobs when bearded bullshit can print confidence?
Anyone that acts like they care is lying.
Dow up.
The lower the tax rate the higher the unemployment. It's Minsky's hypothesis at work--the more profits job creators extract from the productive sector, the higher the unemployment rate.
On one hand, we have a President and a Senate controlled by a party that has absolutely nothing to gain politically from crafting policies that create wealth creating (i.e., debt emancipating) employment. On the other hand, we have a party that has absolutely nothing to gain from crafting an effective message explaining this because they secure reelection by mobilizing their base against the President without actually having to pursue any small government bullshit they keep spooning their base. Mix that in with about, oh, say 30 years or more of a bullshit education policy and even worse implementation and we get to where we are today.
How do explain austerity to an entire population of entitled people and still get elected?
Immigration bill => new voters
Damn lazy slackers won't take a good part-time job as a McDonald's cashier. They use the lame excuse that you need to have a Bachelor's degree.
What? You do? ahhh...never mind.
My wife and I were talking about just that this morning. None of our 4 kids is gainfully employed, ages 18 - 28. The youngest was appalled last night when she learned she could not take her cat to the dorm at college. She said, and I quote: "That's a game changer".
Well, you raised them. Nicely done.
ouch...thats 28 years of cuts right there!
I didn't raise mine. I just paid child support to a bitch who poisoned their minds. The other two belong to new wife. But hey, thanks for being such a dick.
#1 song of 1979: http://www.youtube.com/watch?v=kVdnqEyToqg
The end of the 10-15 year credit contraction following the 3-plus decade fed/bank/gov't-sponsored debt binge. will arrive when ZH notes that the 75% multi-year decline in the taxpayer participation rate has made a one year recovery high.
How government functions:
1. See a Problem.
2. Deny It.
3. Goto Step 1.
See how easy it is?
Un-fucking believable. They are going to get the DOW and S&P out of the red.
What a market. Even a huge payroll miss cannot make it go down.
The only way the "Fat Finger" of the FED will let up a bit is if It's tarred and feathered.
Of course the market won't go down. Haven't you heard we're in a "green" economy?
We have slipped the surly bonds of earth and now live among the utopian, silver-lined clouds of hope.
What's this "market"-thingy you're talking of?
How can unemployment benifit applications be up and the unemployment rate go down?
<< 90 million Americans who are no longer even looking for work >>
That's astounding !
i love this website. priceless resource.
Bernanke can't do anything against the Demographic cliff. All i can see is Property-rich pensioners and burger flippers
the only thing that surprises me about this report is that gold isn't down 50 bennybux an oz., and silver isn't down 10%...
But government checks are the economy....so things are looking up!
Always keep in mind that Hussein Obama and his neo-marxist cabal are intentionally waging an economic jihad against the citizens and the several states.
The guy's a dyed-in-the-wool communist and a domestic enemy of the Constitution of the United States.
Work is for Chumps.
Don't worry doods, this can be solved in true Krugmanian fashion. Let us perpetuate the idea of full employment!
All I need to do is raise taxes by 1% and then use the money to place thousands of rocks at the bottom of every hill. Anybody out of work can sign up for the minimum-wage earning task of carrying those rocks to the top of the hill.
Holy shit, we'll be so employed that it'll blow my mind!
Half the people need to carry them down, half up. Probably need to adjust the ratio for the asymmetric work load.
Prior to entry of women into the workforce in large numbers, labor force particpation was fairly stable at about 59%. Then, in the early 70's, labor force particpation rose dramatically for 20 years, where it stabilized at about 67%. So, this drop back to the low 60 percentile level is much worse than it would otherwise appear, particularly because job losses have been concentrated among men and the young.
Is no once concerned that something like 60% of the population in the USA is unemployed? and then that another 30% of the people still employed are employed by govt?
Thats like an 80~90% unemployement rate!
Don't worry, Obamabots don't believe the report because... it's on ZH! I mean they can't do their own fucking math (because let's face it, they are too idiot to do so or they would have turned against Obama and Krugman a long time ago) so eh, let's believe the Obamabots talking heads, all is well!
BREAKING NEWS - Ben BernanQE at Federal Reserve: Today is Friday, must make green before market close.
Does the 90 million include people who don't have to work (retirees, house wives, college kids, trust fund babies) or people collecting government handouts.
This wealth effect is working so well that more people stopped looking for jobs. Ben you are a bad mutha...
Fidel Castro and others like him must be smiling as the USSA is starting to look much like Cuba.
Except people are still borrowing to buy new Escalades.
A female illegal alien invader murdered a bicyclist a few months ago in Utah. Her windshield was iced, she could not see through it. A bicyclist waited for the train to pass, she drove over him and pushed him into the train and murdered him. The f-n DA here knew he could get no money from her for the trial and prison costs as he would otherwise get from a local citizen like myself.
The murderer and the DA just agreed she'd cop to misdemeanor. The most she can get is $2000 fine and one year, she'll probably walk with nothing.
What kind of car do you drive?
This fn female scum bag illegal's murder weapon of choice? Cadillac Escalade.
Did Cramer say he can try to spin other numbers? WOW. Anyway, this number will be fixed substantially when it's revised on the next report.
This article gets 100.000 reads. Better performance then the labour market.
I have been out of work since September of 2012, while still attempting to make sales for my own personal company I was unable to get any traction on sales momentum. I have attempted to get unemployment for the previous Director of Sales job I had held from 2008 to 2012, but alas Colorado Unemployment may pay you one week and then delay payments for 4 to 6 weeks for "processing". Now I have probably sent out over 750+ resumes since Sept. 2012, with only 3 interviews all which ended in "we have closed this position on the account we are currently unable to hire for it."
So while I am guilty of attempting to garner government assistance, it was impossible to have happen. My guess is because I am overly educated and deemed overly fit to find employment. Which luckily I am resourceful enough to find temp employment via contracted consulting, but nothing permanent. This job market is amazing right now according to the main stream macromedia, I still can't get over how young some of these folks are and being so immensely effected by dimensia.
Basically all I'm saying is that I am against full on government handouts, in a 1 in a million case sometimes it is for the right reasons. For the past 5 years I normally worked two full time jobs consecutively, I am going insane not being able to work or contribute. I feel like a f'in dirtbag filing for unemployment, and having no personal family it pained to me to sometimes ask a friend to borrow money.
I hear you. Went through the same thing in '82 which forced me to self employment and have been at it since then. Lost my source of income three times last year and am fortunate to have a little coming in now, although not enough to meet my needs which are not great.
Am thinking of entering the shadow/smuggling economy to make ends meet and screw .gov as it isn't doing anything for me anyway and rarely if ever has. Things like roads, fire and police I paid for through taxation.
The only thing you have is yourself to count on and your knowledge. Hope the combination works for you.
I'm luckily young and resourceful, but alas I haven't stock piled any metals or arms, as I risked everything with my company this past year. Lol pre2007 I hadn't even thought that there would be a time like this in my life, which makes me feel bad for society. I can only hope the future generations are raised to only, as you said, rely on themselves cause that is all that we have.
Fucks sake...
Your in DENVER.
Grow some weed. 3K /lb. for prime.
LOL, I wish I knew how or had the space to do it. Our government on a state level is becoming more and more adverse to Amendment 64's passage. They are stalling all the legislation for public use, stating that banks can not and will not work with any dispensaries, and no tax ruling has been put in place....In my opinion that law was just passed to show how "progressive" Colorado is, all for image not for the real reasons. I've been here 7 years and the laws around pot are no different now than they were when i got here.
But again, I do wish I knew how.
'' I can only hope the future generations are raised to only, as you said, rely on themselves cause that is all that we have. ''
They must of thought the same in 1893,1919,1929 etc. etc. and yet here we are...
All you can do is hope you and your family are one of the ones who are wide awake enough to see it coming with enough time to prepare as best as you can. While the dreamers get swept away by reality when we hit it at full speed.
My next door neighbor owns a street sweeping company. He told me PhDs are applying for street sweeping jobs, mostly men over 50. Sad world we live in.
Wait! Didn't CNBC just last week tell us that we've turned the corner and people were so bold that they were quitting their jobs? CNBC cannot be wrong about this!
Maybe they were talking about CNBC jobs ... I can't imagine working somewhere where I have to lie perpetually.
I can fix this. Building a new formula to calculate unemployment on a spreadsheet right now. Everything will soon be good.
Notice from a technical tracking perspective the labor participation rate is a steady down slope with low variance, without a long term slope change (i.e. a steady long term decline). Projecting forward only gets worse. Heavier long term deficits, and eventual high inflation are inevitable. Plan accordingly.
"It's a big private club and your not in it!" George Carlin famously said and he was right. So what is the end result of all this STUFF that is going down? think about it for a minute. Millions of people are sitting at home now wondering how they are going to survive.
People are moving in with parents-friends-relatives because things are getting tight. Prepping is a rapidly growing trend and big business not just in the USA but worldwide while Gold and Silver is selling at record levels (not the paper stuff!) Guns are flying off the shelves and ammo is hard to find while millions of homes are packed with 'Preps',emergency food etc; That would be the exact scenario rational minds would want to create if they KNEW that civilization was about to get a big fat kick in the teeth! You would want as many suvivors to be 'Rising from the ashes' and in a position to rebuild economies,wouldn't you? Do you really think the Mayans and many others went to all that trouble for entertainment purposes and that the PTB would spook the sheep by telling them what the ancient scribes really said if it contained epicly grim and scientificaly inevitable catastrophy? A quick trip to you tube and you can see NASA's own trajectory paths for Comet Ison and although still in a cone of uncertainty it is going to come MIGHTY CLOSE to Mars , if it makes it past Mars it will be followed around the Sun 7 days later by Comet Enke and when it comes out the topside it will be heading right over Venus and then Earth,NASA wants you to believe that a Comet is 'a dirty snowball' but many scientists 'strongly disagree' with that theory.(an electron around a nucleus may be more fitting.) Its position in the Mazzaroth is also staggering. Look up.
IQ 101 - I wish I could make sense of your rant.
Here is a translation of my rant then. On this wonderfull ZH thing,I have learned a lot in a few years from some of the smartest people I have ever been in contact with in my 50+ years on this planet and I am often baffled by the arcane dealings of finance,but I gather up the crumbs I can. So I speak of what i know and am somewhat learned in, right now a Comet named Lemmon is coming into view and it is burning green because it is burning Cyanide,we will see it in the sky in the northern hemisphere at the end of this month and will go through It's tail @ August I think, at that same time another Comet will be coming into view,Comet Ison, NASA desires that the public believe that it is just a big ball of dirty ice and they admit that it is A. a Parabolic Comet and B. It is huge and C,It is going to come so close to Mars that Mars is going to get a full haircut,a lot of other weird stuff is going on and ISON is a very unusual Comet,coming out of nowhere on an 11,000 years path,by their estimates. Snowballs,even in a vacuum do not fly through space at 16 times the speed of a rifle bullet and as far as it's size go's,opinions differ,it may be as large as Earth.
All the financial wizards are looking for a Financial Black Swan but they should get their heads out of their wallets and look up! It has all gone clearly insane and the Fed and Wall Street have gone mad like LSD in the punch bowl on graduation night at a Florida Clown School and this is worldwide,They,the private club that you are not in ,know what is coming,the ancients knew what is coming and they are not telling you,sheep. (nothing personal). THEY are placing themselves for planet Earth to go Leningrad style.
The Info is out there, (the truth is out there), not from financial dominoes but from above,this is going to be beyond epic. You-Tube yourself a couple of Comet,Mazzaroth,Mayan videos and follow that road.the coming collapse is not Great Depression part Deux,it is Ultra Cosmic Re-set and the Book of Revalations is also worthy of study.
Comets PanStarrs(passed already) and Comets Lemmon,ISON and Encke are a good starting point.
Between lusting after that cute attorney general and playing golf in Florida, what is the great leader up to these days?
spreading his disgusting, abandoned mulatto ass cheeks for reggie love
Yeah, this is but another of the continuous stream of nails in our coffin. There will be no systematic transformation into anything other than an implosion. Now how do you deal with that? Food/water, firearms, community, and PMs are a good start. But an implosion!? I guess just get ready for "the shit" and have a good day.
Of course the masses spin this into a positive and watch the markets rally late this afternoon. Like clockwork.
The equity top is in: the DJIA, SPX, NAZ,RUT and other indices are now headed down, to fill their Dec gaps 7% below.
Ben, the Eurocrats and Abe baby will soon be facing the consequences of not having been careful about that for which they wished.
Load up on popcorn...
LIESman the jew buffoon is on overdrive
I think it's about time for Obama to get his Nobel Prize in economics.
I wish his mother had listened to the Planned Parenthood advisor
I wish ONE member of the us military would honor his/her oath and smoke this mamzer
Clearly America is soo rich, that no one has to actually work anymore.
you can dumb down the sheeple for so long by massaging their brains with 'bath salts v[h]erbal medication', from the 'MSM Doublespeak Tree-o-Truth'... but culling the herd into reality is a paradoxical enigma liken to a mutton abattoir-- processing a sucker fish with a chicken'little to enhance the toxic flavor of self emmolation-- all the while participating in the barbecue...
now isn't that nice,...
Ps. can't help myself-- i'm a glutton for punishment and exotic humans,... which are very, very extinct by now?
No wonder they put Earle in the trunk...
and a shovelhead belongs in a graveyard of uselessness...
:-0
Ps. find the spell errors and i'll throw in a 1930's thesaurus?
Not mine...
35 years and still running strong.
It's simpler than that. The 1980s employment bubble burst in 2000 along with the credit bubble.
I read on this thread that DHS has enough hollow points to shoot every man, woman and child in the USA six times. I suppose just in case they miss or hit one of us and don't kill us, there is enough left to finish the job.
Makes one wonder what kind of government for the people by the people would use hollow points on its own citizens? Aren't they the kind of bullets which disintegrate upon entering a body? Isn't a normal bullet deadly enough?
Hollow points "spread out" at impact and are effective (leave a bigger hole at exit than entry)
(Consequently you might want a few clips full of 'black tips' in your bag just in case...-but don't pull 'em out at the range!)
Re Hollow points "spread out" at impact
Looks like your avatar might also spread out at impact...
we can maximize the kill zones of the zoglidites into the thousands
just cut the joints of the bridges of the black and jewish no-go zones and watch them eat each other
They like the hollowpoints because they expand when they hit you and won't exit to hit the cop behind you shooting you in the back.
He's the guy who yells "FREEZE" after you hit the floor.
@cherry picker
The Nazis decided that bullets were too expensive for killing the Jews.
That's why they turned to gassing them or just burying them alive.
http://goldtradercommentsaugust2010.blogspot.com/
The HP round does not disintegrate on impact, it flattens out into a razor edged six bladed propeller shape. Designed for maximum damage after penetration.
The participation graph has a range from a low of 63% to a high of 67% percent. Is 4% really that large of a change?
It is.
I'd like to see the S&P500 laid down on that chart. (My bet: they run pretty similiar for 30 years and then there is a big divergence in the lines over the last 4 years...)
This is NOT a joke!!!
From today's Whitehouse.gov:
...today’s employment report provides further evidence that the U.S. economy is continuing to recover...
Geez - I can't wait for the official WH update on how our Heroic Armed Forces are scoring glorious victories, repelling the enemy in Eastasia ...
Forward, comrades!!!!!
Double plus good.
Rush Limbaugh reports about this guy "Tyler" who is getting the facts out to the American people. LOL
I used to work hard. Then I got smart.
The last job in the U.S....FEMA camp laborer...for no wages!
Now taking applications. No experience required.
http://goldtradercommentsaugust2010.blogspot.com/
did you think you were joking?..
http://www.goarmy.com/careers-and-jobs/browse-career-and-job-categories/legal-and-law-enforcement/internment-resettlement-specialist.html
The next time I hear someone suggest military members are worthy of "honor" I shall barf and/or laugh heartily in their face, hopefully both.
nope
Being unemployed is hard work. It's incredibly difficult to find any job in this terrible economy. In fact, as things get worse, you can expect the government to classify the unemployed as full time workers.
MarketWatch is a bought and paid for progressive propaganda machine...
http://www.marketwatch.com/story/jobs-numbers-show-sharp-cuts-in-hiring-2013-04-05
Says bad jobs data / economy is due to the sequester... Fuckin' joke...
Thank God It's Non-Farm Payrolls Friday
http://chartistfriendfrompittsburgh.blogspot.com/2013/04/thank-god-its-n...
People are working ... at going on disability.
Last month, 81,804 workers left the workforce to join the Social Security Disability Insurance program. So far this year, nearly a quarter million workers have joined the program.
Recall that Obama's goal is to OVERWHELM the SYSTEM and replace it with full blown Communism.
Communism is the way out of this crisis.
Not unless he takes all the guns first - good luck with dat.
uhh you are some great patriot who will go to war with obama, im laughing my ass of internet warrior lol.
Like death is the way out of cancer.
Holy fucki'n shit BatBitch.....over 106, 000 fucki'n reads....
Not disheartening enough yet Harry Dent, they are again pumping stawks into the close.
Any moron who says Bush was worse than the O'Bowel Movement, or that both parties are the same should just look how steep the graph is since OBowel took the reigns.
Perhaps those people are too stupid to read a graph by themselves.
Obama is destroying America before our very eyes.
You got two down arrows on that? I didn't think Krugman could vote twice. Perhaps that chimp-faced bitch michelle is on ZH, too.
6 downs at this point for promulgating the paradigm.
Give it a rest already.
- one for you, too..
Tyler
The ad panels to the left and right squeeze the editorial material in the center. My monitor can't display the numerals on the right scale. All I have is a red semicircle without any idea of the numbers involved. I think it is someplace in the sixties, but I have no other clue.
Because the ads are not affected by zooming, the red circle just grows vertically higher and the numbers become even less distinct. You need at least 8 pixels across for each individual number to be distinguishable.
Try using a larger font size for the numbers.
Preamble: I want both major parties immediately banned by law.
Now: Is it possible, however remote the chance, that Romney might have been less bad a president than this current scum bag?
I vote worse - he'd have all of us in the magical underwear right now. /sarc
However, he was not proposing any radical change - if the country goes down - let it go down under OBAMISETER.
Ah, but maybe the decrepit thing will be pumped up, goosed up, drugged up, until Jeb Bush becomes Prez, and capitalism and Repubs get blamed for all anyway.
Dow Jones falls 172 points in 5 minutes this morning.
Closes down 41.
And the clusterfuck economy carries on.
Thanks Ben and Barry.
600,000 more folks gettin' ready for the Second American Revolution - picking up momentum in a neighborhood near you.
Doesnt matter if there is no jobs, DOW J is at an all time high. wohoooo
You'd have to be crazy to want to work. We have the Rothschild money flowing now. Its party time. The best years of my life have been the last 15 of not working. Fuck work. Long live the liberal arts. Long live the revolution.
'911'
Mission Accomplished!!!
When hockey players begin to announce they play on the other side of the brown line it will give a whole new meaning to 2:00 minutes for holding the stick!!!!
Here's your change. But wait! You still got your hope! How's it working for you? Amerika grooming a couple of lost generations: can't work, won't work. One side of the boat is listing close to the water.
There were many less women in the labot force in 1979 than today. I wonder how long it has been since the male labor force was this small. Does anywhere have it broken down by gender?
I'm glad I haven't counted on an SSI retirement since 1979. Keep stacking.
Time to front-run the Fed and allocate 100% of assets into the S&P500 before the next Bernanke QE-gasm in response to this and the BoJ. Get to work Mr. chairman!
I think more people going on disability is a good thing. It'll create more jobs in the disability office, right? /sarc*
Sure you didn't mistakenly switched EU with US in the article ?
Can we please go back to 1979? http://www.skymachines.com/US-National-Debt-Per-Capita-Percent-of-GDP-an...
FYI, there was an article today on BusinessInsider (I never go there, someone mentioned and showed it to me at work) today claiming that the poor print in NFP was a good thing for the economy. It went on to say that the construction sector was booming, participation rate was falling due to people feeling more comfortable about retirement, and that unemployment plummeted in key demographics. LOL.
so how then do you explain the massively stable bull market of the 50's and 60's when the participation rate was below 60%? according to your retarded logic we should have been in a depression during those decades.
may have someting to do with women not needing to enter the workforce to meet the bills
What a moron. That was when women were not in the workforce for the most part. They stayed home and took care of the kids. Women working, and women voting were the 2 events that tore apart the family, and now they are trying to obliterate the remaining family unity by saying that homosexual "marriage" is a valid construct of natural law/
At what point does Atlas shrug? What the hell is the point of working when the government will reward you for not working?
I'm sorry, I don't get this labor participation rate. How does someone just decide to no longer look for employment. That's not an option. Do they start blowing dudes in the back alley for a living?
Why blow dudes in a back alley when the US govt will declare you disabled and provide you an existance so that you wouldn't be forced to endure such an indignity.. (Of course, if you have a drug problem or have needs beyond that - maybe)
they borrow money and go to college
Even though the data is shocking and confirms what many of us know, it's also revealing to see how mainstream outlets have totally obfuscated these issues. Absolutely no effort is made to understand the economic issues at play, they simply go into full spin mode becaause govt and Federal resesrve "experts" feed them impressively bullshitty explanations for what's going on. Newspapers and other sources present opinions of the Fed and those that MORE money printing is what's necessary to STIMULATE the economy as fact, although there's never really an explanation about why creating more digital zeroes and ones actually represents real capital and not just a silent and autocratic transfer of wealth. And they go so far as to do all this without ever looking for a track record with these policies, because were they to ask whether money printing has ever created bona fide prosperity, they wouldn't find a single example. So much spin and propaganda.
Aww fuck em. It makes for an easier commute to the White House.
The Global terrorists created monopoly money with which
to buy the planet.
Lands in UK and Ireland are 75% owned by 0.6% of people.
The US is effectively owned by 0.6% of people.
The great culling is well along, people.
the sky is nice tonight
but im confuzed. the unemployment rate is stable - Obama said so and backed it up with compounded statistics?!
How come when the numbers are good, it's BS and when they're bad it's right on? Why don't we say that there is a wide margin of error, the stats aren't reliable, things ain't so great and move on to other things?
For what it's worth, I know alot of people retiring, but others working longer. I know people working hard and others on disability. It's definitely a mixed bag out there.
Do not believe for a second the propaganda about blue skies.
Personally, I'm sort of a permanent part time worker. I've taken a pay cut but I've also left the rat race and gained back my soul.
The population is simply aging.
Bigger percentage of people aged over 50
Bigger percentage of people aged over 60
Bigger percentage of people aged over 70
Bigger percentage of people aged over 80
Bigger percentage of people aged over 90
Bigger percentage of people aged over 100
Nothing to do with the current business environment, which is relatively good, just demographic headwinds finally shifting against the US (something far more worrying).
This explains it...
http://populationpyramid.net/United+States+of+America/2010/
if that was the case youd expect to see the biggest drop in the over 55 age group rather than growth.
The biggest drop in participation is in the 16-25 age group.
http://www.bls.gov/emp/ep_table_303.htm
chart
http://jobenomicsblog.com/wp-content/uploads/2013/02/Labor-Force-Partici...
Money is 24/7. The world is a contest of ideas. The globalist Internationale has failed. QE has failed. Debt is an obscene four letter word.
Time for the reset.
Overpaid politicians and some commercial banks will lose their kudos and money. Good. They failed. Consequence is the best teacher. The world is a contest of ideas.
Never underestimate the BIS, and its will to survive, and punish wrongdoers in their midst.
Tax Genocide .... make responsible mothers work to pay taxes to support the irresponsible !
Crush the bourgeoisie between the milstones of taxation and inflation, said Lenin who was funded by old European banks like Rothschild.
However, no one cares truly about the fate of mothers and children. Politics only cares about money.
False Flag. There. Thread complete.. NExt story