This page has been archived and commenting is disabled.

People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels

Tyler Durden's picture


Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.

And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.

The jobless, laborless recovery continues to steam on.


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 01/10/2014 - 09:51 | 4319042 MFLTucson
MFLTucson's picture

Disgraceful!  This is the recovery everyone is talking about?  This Kenyan clown makes me sick to my stomach!

Fri, 01/10/2014 - 09:53 | 4319062 jekyll island
jekyll island's picture

What are you talking about?  The unemployment rate is below 7%.  Mission accomplished.  Time to taper, right Janet?  

Fri, 01/10/2014 - 09:55 | 4319071 Kaiser Sousa
Kaiser Sousa's picture

"welcome to the recovery..."



Fri, 01/10/2014 - 09:57 | 4319084 Shocker
Shocker's picture

Layoff List:

Recovery, Recession, whatever you like to call it.

Fri, 01/10/2014 - 10:03 | 4319108 Vagabond
Vagabond's picture

What do you guys expect when a family of 4 has more net income on benefits than a full time salary of ~60K a year.  More and more people are taking the benefits and working under the table for disposable income.  Who wants to pay taxes to support this ponzi anyhow?

Fri, 01/10/2014 - 10:10 | 4319139 SilverIsKing
SilverIsKing's picture

The labor participation rate is low due the retirement of huge numbers of highly uccessful people. Because of Bernanke's policies and the recovery, the masses have experienced extreme improvements in their wealth thus allowing them to retire early. More printing will lead to even more wealth, an even lower participation rate, and lower unemployment rate.

That's how the Fed rolls.

Fri, 01/10/2014 - 10:13 | 4319152 Popo
Popo's picture

Well hell, let's just print an infinite amount and let everyone retire.   All that stressing about fiscal policy... who knew it was this easy!

Fri, 01/10/2014 - 10:26 | 4319207 mydogisprettier...
mydogisprettierthanyou's picture

85b to the banks or 85b to the people.....whats the difference?

Fri, 01/10/2014 - 10:53 | 4319266 SamAdams
SamAdams's picture

Another way to look at it -> This means 38% of citizens of working age do not pay taxes.  Furthermore, of the working age citizens, perhaps 40% make enough money to pay taxes.  This reduces the tax base to about 40% of the population having citizenship and being of working age.  With those sorts of numbers, and the huge debt, tax revenues are paltry and therefore taxes must increase.  Hence, Obama Care tax (and TPP taxes if they can get it).

I do not blame people for not paying taxes.  Indeed, using my tax money to build a bomb and blow it up in another country is a piss-poor return on my tax investment.  I'd prefer not to feed the machine...

Fri, 01/10/2014 - 10:53 | 4319294 TerminalDebt
TerminalDebt's picture

This is all because of the cold weather, nothing else.

It never been cold before.


Fri, 01/10/2014 - 10:56 | 4319306 SamAdams
SamAdams's picture

Quite true because they told me so...  Cooling is Warming, Unemployed is Employed, Freedom is Slavery....

Fri, 01/10/2014 - 11:23 | 4319398 El Diablo Rojo
El Diablo Rojo's picture

It's a sad day when Silver IS King has to write  /sarc.

Fri, 01/10/2014 - 11:41 | 4319464 Temporalist
Temporalist's picture

ZH made front page headline at

Fri, 01/10/2014 - 11:50 | 4319502 Josey Montana
Josey Montana's picture


Fri, 01/10/2014 - 12:19 | 4319634 Keyser
Keyser's picture

The BLS is telling us the unemployment rate is now under 7%

The check is in the mail

And I won't cum in your mouth


Fri, 01/10/2014 - 12:26 | 4319657 Dark_Horse
Dark_Horse's picture

As the gov't keeps adding more dole-outs and entitlements, there will be less employment participation.

Eventually the job killing policies will leave the USA with 5 jobs and they will be 100% filled, showing 0% unemployment.

Then the gov't will declare their employment plan is a complete success.



Fri, 01/10/2014 - 13:16 | 4319923 WarriorClass
WarriorClass's picture

The bigger picture that takes jobs from Americans and lowers the wages of those still working are LEGAL immigration and WORK VISAS. Those are the middle class jobs that are going to foreigners at the expense of Americans. The illegal aliens tend to take the lower paying jobs that black people won't do and white kids are no longer allowed to do.

Companies would rather hire a foreign national since that person can't demand a raise or just go across the street and get another job. A foreigner would have to go back to his country of origin and then start looking for a higher paying job. This keeps wages down for both the foreign national and the American worker. The massive legal immigrants add directly to the labor pool of American workers, driving down wages generally. This is simple supply and demand for labor.

Increase the supply of labor and the price of labor (wages) goes down. All of you "law abiding" that support LEGAL immigration are cutting your own throats, and the big corporations are helping you do that with work visas.

Nevertheless, the dumbed down masses cry for "legal" immigration while their paycheck whittles down to nothing and they can't afford to send their kids to college while the aliens go for free.

Fri, 01/10/2014 - 13:56 | 4320141 kralizec
kralizec's picture

The beatings will continue until the unemployment rate is zero.  Of course everybody will be unemployed and not looking for work (work? what work?)....

Fri, 01/10/2014 - 14:47 | 4320395 tickhound
tickhound's picture


We here at The Hedge welcome you into furthering your detox.

Fri, 01/10/2014 - 17:45 | 4320992 superflex
superflex's picture


Gold Bitchez!

Fri, 01/10/2014 - 19:12 | 4321178 qqqqtrader
qqqqtrader's picture

I'm still unemployed

and still looking


Fri, 01/10/2014 - 19:50 | 4321295 Ranger_Will
Ranger_Will's picture

77,000 Reads on this article? Woot! Drudge FTW! Welcome to The Hedge bitchez...

Fri, 01/10/2014 - 20:05 | 4321339 Bastiat
Bastiat's picture

Drudge is huge.  He's moved from Republican towards Libertarian in the last year--I like to think ZH played a bit part.

Fri, 01/10/2014 - 21:55 | 4321586 MisterMousePotato
MisterMousePotato's picture

Drudge is a Democrat.

Drudge is a homosexual.

But Matt certainly is the best of the lot (homosexual Democrats). Arguably that's not saying a lot (Barry, Kagan, ad infinitum), but Matt Drudge does take the 1st Amendment seriously, which sets him apart, not just from the Democrats, but also from a lot of Republicans, libertarians (lowercase L intentional), even some Tea Party types.

p.s. ZH had nothing to do with it. Go and find a transcript of his address to the National Press Club back in (?) 1998 (?). Very poignant. Very wistful. Very telling. If anything, Matt Drudge probably influenced ZH.

Fri, 01/10/2014 - 22:10 | 4321634 AL_SWEARENGEN

Welcome to Fucking fight club.  You new Drudge Cocksuckers.  Check the rules.

Fri, 01/10/2014 - 23:23 | 4321827 TruthInSunshine
TruthInSunshine's picture

Where's Fat Barry Ritholtz to dispute these facts?

Sat, 01/11/2014 - 01:10 | 4322071 erg
erg's picture

The 100,000 reader should automatically win a metal detector.

Fri, 01/10/2014 - 19:37 | 4321246 Oldwood
Oldwood's picture

Look also at unemployment insurance. In Texas every unemployment claim that is paid out is billed in full back to the employer. Like you have car insurance, you pay your premiums, but when you make a claim, they make you pay it back in full, on top of your regular premium. Unemployment claims are still only charged back to employers based on a 26 week payout, but as we know, the feds have pushed for 99 weeks and while they are funding most of it they have also been pressuring states to adopt the longer terms. If employers are faced with potential charge backs on their state policies for 99 weeks, almost two years, who in the hell is going to hire anyone? And this is retroactive. You could hire someone twenty years ago but if they change the payout rules it effects everyone, regardless of when they were hired. If you think employers are not considering this you are mad. Employees are supposed to be an asset but our government is converting then into liabilities more every day. I remember about twenty years ago I went on a sister city trade junket to Mexico City. I attended employment conferences where it was explained to me that in Mexico and employer was held responsible for an employees welfare accruing with years of employment. You could not just fire someone. You had to supply them with room and board and such for life (kind of like our public union benefits). It was explained to me because of this there were no employees. Everyone was an independent contractor and all of the American companies that came to Mexico were granted "waivers" so as to not be liable for employee's life in perpetuity. We are seeing this here and now, and no one will acknowledge that it has been done before and what it ultimately cost.


We have been stuck in this drain swirling event for years and more people everyday are starting to notice the drain is clearly in view and we are speeding up, while our government has pursued policies supposedly for our benefit, saving the planet and solving our healthcare crisis, yet every single action taken has the effect of killing jobs. Accident...I think not.

Fri, 01/10/2014 - 11:54 | 4319516 SAT 800
SAT 800's picture

War is Peace, and this job report caused a big spike in Bond Buying that caused me to be out of my long Bond short with a loss. Boo-hoo.

Fri, 01/10/2014 - 13:39 | 4320052 Future Jim
Fri, 01/10/2014 - 19:25 | 4321211 nmewn
nmewn's picture

We're creating or saving so many jobs, so fast, that we need to extend unemployment insurance for at least another year! Why hell...look at U-3...its going down so fast that we need immigration reform on top of that fill all those new jobs being saved or created! ;-)

Fri, 01/10/2014 - 10:59 | 4319317 TuPhat
TuPhat's picture

I retired two years ago.  The physical aspects of the job were getting to be quite difficult for me to keep up with.  They had cut back on people until one person had to do what two people used to do.  I suggested they hire some new younger people so they could get some experience before us old guys retired.  They wouldn't do that.  They asked me to come back after I retired and I did for a year.  They hired some new people but it takes about three years to learn all the different things we have to do.  I left again after a year and they still want me to come back.  I go on Social Security this year and they will subract money from my check if I work.  I have no hope that the govt. will ever incentivise work instead of punishing those who want to work.  The large corporations are the same.  Work until you drop dead, but don't expect to be rewarded for it.  Welfare would have been an easier life.  That would have erased my self esteem and I can't go that way but I can understand why so many do.

Fri, 01/10/2014 - 11:08 | 4319343 SamAdams
SamAdams's picture

I know how it is.  If you work beyond a certain annual income after retirement, it cuts into the money you saved for your retirement (those SS taxes you paid since age 16).  The trick is to write off and expense away all income, just as if you were a banker or a corporation.  Either that, or do it completely without license and bonding (which unfortunately leaves you open to law suits of the Pharisees).

Keep on keepin' on, fight the machine.  It's wheels are coming off...

Fri, 01/10/2014 - 13:17 | 4319929 aVileRat
aVileRat's picture


The jobs bad call was expected (as per november comments).

Now to see what happens in the Jan numbers when the big revisions start again and if the layoffs start rolling in.


Fri, 01/10/2014 - 13:28 | 4319997 Soul Glow
Soul Glow's picture

Ol' Yellen's gonna have to Un-Taper and the Boomers are going to have to Un-Retire.  Learn to farm, Boomers.

Fri, 01/10/2014 - 18:42 | 4321105 BorisTheBlade
BorisTheBlade's picture

Yes, someone has to feed millenials.

Sat, 01/11/2014 - 03:48 | 4322244 alphamentalist
alphamentalist's picture

Boomers, who expect people to pay for their unfunded social programs, should probably not cast stones at the generations caught in the crosshairs of the boomer built doomsday economy.

Fri, 01/10/2014 - 21:06 | 4321489 Lost Word
Lost Word's picture

Could it be that the Job killing effects of ObamaCare are seen in this report?

Fri, 01/10/2014 - 22:29 | 4321559 SameAsItEverWas
SameAsItEverWas's picture

It's not a tax penalty, it's losing the social security tax break.

The reason your taxes are so high when working while receiving social security is that you're not just paying taxes on what you're earning; the more you earn, the bigger a fraction of your social security is taxable income.

If you weren't working, the first $25 K or so of your annual social security receipts is not taxed at all.  But, the more you earn, the bigger a fraction (up to 50%, methinks) of your social security becomes taxable.

Fri, 01/10/2014 - 12:15 | 4319623 Race Car Driver
Race Car Driver's picture

> I'd prefer not to feed the machine...

It's time for all people of good conscious to call a personal general strike until this shit stops. And if everyone is on a personal general strike - it will stop ... guaran-fuckin'-teed.

Heads on pikes can come later. But for now - no excuses - just quit.

Fri, 01/10/2014 - 13:02 | 4319851 max2205
max2205's picture

Half a million people a month saying fuck it and starving the beast...i love it

Fri, 01/10/2014 - 13:34 | 4320023 Herd Redirectio...
Herd Redirection Committee's picture

Start with corporate boycotts.  Walmart, Target, for starters.

Fri, 01/10/2014 - 18:00 | 4321029 bob_stl
bob_stl's picture

I joined the Loafer's Union.



Fri, 01/10/2014 - 19:48 | 4321285 Yenbot
Yenbot's picture

Good on you.

And if you other guys have to work as non-management anywhere, join the union. Even if you are the only worker, you can fill out a card at the local. Look up the local for your trade, and go fill out a card. The hiring hall will point you at a job. It's the difference between $8.50 and $24 an hour. Pension. Benefits. Paid time off. And that Keynesian Magic: money enough to spend. So my resort can stay in business.

Sat, 01/11/2014 - 09:47 | 4322471 DOT
DOT's picture

Another layer of corruption to be financed by the consumer of goods and services. How is this not a drag on us all? Why pay $24 for a job that can not return a concomitant profit without .gov interference or thuggery?

Fri, 01/10/2014 - 20:01 | 4321328 Freddie
Freddie's picture

Feed the Machine?  I bet 75% of the people who post on ZH probably still watch TV and Hollywood's crap.  Until you pull the plug for good and stop feeding the main tools they use to control then you are talking shit. 

"Oh but the wife likes TV."  The elites like how the sheep watch TV because they can control the public's thoughts that way. .   Just the BS Dan Rather pulled after JFK was killed. The public is stupid.

Fri, 01/10/2014 - 12:33 | 4319692 Stoploss
Stoploss's picture

Today's numbers just about put these into parabola.

As previously stated, once the 7% threshold is breached, the acceleration of decay increases expo.

Wait until March and see what happens with this, the Purple party will not survive this.



Fri, 01/10/2014 - 12:38 | 4319718 AGAU
AGAU's picture

Another way to look at it: They're being taxed through loss of standard of living by inflation.

The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation - Voltaire.

Inflation is a tax, therefore you cannot simply opt out of paying tax because you are unemployed or earn too little.

The best way to minimise the taxation is to become as self sufficient as possible and to educate as many as you can in your local community while building a network of like minded and capable people with practical skills. That's not easy to do especially when the vast majority are living in a dream world.

Fri, 01/10/2014 - 17:43 | 4320990 TheMeatTrapper
TheMeatTrapper's picture

The best way to minimise the taxation is to become as self sufficient as possible and to educate as many as you can in your local community while building a network of like minded and capable people with practical skills. That's not easy to do especially when the vast majority are living in a dream world.

I agree. I trap my meat supply. Every pound of meat that I trap is a pound of meat that I did not have to earn income (and be taxed on), did not have to purchase at the store (and pay sales tax on). By learning to trap food, I completely short circuit the system in a completely legal manner. 

Learn To Trap Your Meat

Sat, 01/11/2014 - 06:17 | 4322326 disabledvet
disabledvet's picture

since it is impossible to have property taxes made illegal everything will either be stolen or abandoned.

Fri, 01/10/2014 - 21:10 | 4321497 Borrow Owl
Borrow Owl's picture

"This means 38% of citizens of working age do not pay taxes."

Lucky bastards.



Fri, 01/10/2014 - 11:44 | 4319477 booboo
booboo's picture

Because you ain't a bank and banks are people and banks too, The squid was turned into a bank overnight to qualify for tarp. Now top that!

Fri, 01/10/2014 - 13:22 | 4319955 TBT or not TBT
TBT or not TBT's picture

The banks park it at the fed. The FSA would bid up real products and services, though not likely products and services of lasting utility. There's a reason they clamor and vote for free shit.

Fri, 01/10/2014 - 10:33 | 4319223 czardas
czardas's picture

I dislike the Fed, Obama and debt as much as the next person but the underlying (and growing) reason for unemployment is disruptive technology.  When companies like Netflix (over $100B) can flourish with 2,000 employees, this says volumes.  It will get worse since the vast majority of jobs to be replaced are the very ones so many Americans are doing.  The Fed has psychologically damaged us - replacing eager, upwardly mobile, aspirational citizens with tired zombies whoose goal is to get to the next day while trusting the delusion that we can live beyond our means forever.   

I am investing in my third startup and interestingly all have involved former military men with discipline, critical thinking and the ability to prioritize - abilities lacking in the political class.  No constant bragging about what they've done, what might happen, how they want to save the world while vacationing in Tahiti.  In the long run...I am optimistic Americans will findn solutions.  

Fri, 01/10/2014 - 10:53 | 4319293 Stuck on Zero
Stuck on Zero's picture

Disruptive technology has never reduced the number of jobs in all of history.  The two largest technology disruptions in history were mechanized farming and the fractional horsepower electric motor.  Between them they should have eliminatd 80% of all jobs.  They didn't.  The only thing that eliminates jobs is the elimination of the incentive to work ... and governments excell at that.


Fri, 01/10/2014 - 11:31 | 4319426 Ignatius
Ignatius's picture

"The only thing that eliminates jobs is the elimination of the incentive to work ..."

Right, to a point, but markets are coveted and controlled and restrict entry.  Kid can't even open a lemonade stand nowadays.  Secondly, the competition from foreign mfg goods that utilize absolute wage arbitrage advantage and enter US markets without penalty.

Perverse incentives yield perverse results.

Fri, 01/10/2014 - 12:02 | 4319557 SAT 800
SAT 800's picture

Jeez, it's amazing that people just can't get it. Clinton signed a most favored nation treaty for China, the most important aspect of what we were taught to call globalization, this was done at the demand of the ruling class who want to sell into the dollar market using labour that gets paid slave wages; their dream come true. it's not that complicated. Another aspect of the same ruling class control we can see right now is "Amnesty"; it obviously has only one purpose to prevent wage rises. Nothing will improve until you regain control of your country and cut off the ships from China. The nation that manufactures, prospers, it's called value added. The nation that buys the manufactured product goes bankrupt. this was the basis of the British Empire, which we are now running in reverse, bankrupting ourselves.

Fri, 01/10/2014 - 12:29 | 4319674 Buckaroo Banzai
Buckaroo Banzai's picture

Clinton selling us out to China is part of the story, but only part. Obama is mercilessly punishing every single productive element and aspect of society, and showering freeloaders on the bottom end and the corrupt at the top end with a downpour of fiat dollars. That is what has changed in the last 5 years.

Every President has played a part in this sorry tale since Lyndon Johnson invented the War on Poverty. Even Reagan-- the greatest President of the 20th century-- has to shoulder some of the blame. Clinton, Bush2, and Obama have just been epically bad. Obama is an out and out communist and foreign agent who couldn't do more to ruin the country if he tried.

Fri, 01/10/2014 - 12:50 | 4319789 The Proletariat
The Proletariat's picture

"I am investing in my third startup"....third time's a charm.  Good Luck!

Fri, 01/10/2014 - 12:57 | 4319823 SAT 800
SAT 800's picture

Please understand the purpose of the post; which is not "political" in the usual sense. What is the problem? the problem is "free trade" with China. There's no particular reason why the Chinese can't be up to their knees in shitty cold water trying to plant enough rice to keep from starving to death next year, whiile we continue to enjoy the highest standard of living in history. This was the situation when I got out of high school in 1960. We exported shoes to China in 1960; and imported nothing. nothing, whatsoever. There are a lot of jobs that need to be done, such as making our own underwear and socks and shirts, and etc. etc. Clinton was a particular watershed moment; poor old Reagan had no idea what was going on. but the important point is; what is the problem? the problem is buying manufactures from China, or anywhere else; but the ruling class chose China for obvious reasons. You could shoot every Banker and Speculator in the world and you'd have exactly the same problem you do now. Surprisingly enough the free-loaders on the bottom end are not actually the problem; although it would be easy enough to put them to work, if we were taking care of ourselves instead of financing Chinese Industry. The fact that this is an on-going situation is revealed by the "Amnesty" legislation; obviously this has one and only one reason to exist. I don't have answer. A patriotic president would meet the same fate as JFK. The stooges we get to elect now are vetted by the ruling class and agree to sell out their country; a very, very bad situation. The propaganda barrage has succeeded in selling globalization to a large degree, NAFTA, etc. even though it's completely obvious what the effects are. Another serious problem is the Military; which delights in burning through truck loads of dollars; reining them in, would once again, result in assasination. Very difficult situation. I'm sure the ruling class is delighted that they people getting distracted by crooked bankers; an issue that is largely irrelevant.

Fri, 01/10/2014 - 13:27 | 4319987 Panafrican Funk...
Panafrican Funktron Robot's picture

The Trans Pacific Partnership being a terrific recent example of what you are describing here.  I disagree on your assessment of banking though, they are pretty clearly the nexus in all this.  

Fri, 01/10/2014 - 17:57 | 4321025 Race Car Driver
Race Car Driver's picture

> ... they are pretty clearly the nexus in all this.

Who forced Nixon to go set us up to sell us out to the ChiComs, I wonder?

Fri, 01/10/2014 - 22:14 | 4321645 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Who forced Nixon.....Could that have been David Rockefeller, the Antichrist himself? He who called Mao, the murderous bastard who was responsible for the deaths of 80 million innocent Chinese, the leader of the greatest and most successful social experiment the world had ever seen. Could it have been that SOB?

Fri, 01/10/2014 - 21:13 | 4321507 Lost Word
Lost Word's picture

Especially when considering that the Banksters own all the major corporations.

Fri, 01/10/2014 - 14:38 | 4320353 czardas
czardas's picture

You are assigning blame to everyone except the responsible party - the American consumer.   They gladly traded cheap(er) products for jobs since (it's all tied together) debt allows us to buy all the crap we don't need.  In the overall picture, manufacturing has been "Democratizing" for decades.  It was unnatural for the US with 5% of the population to produce 25% of the world's goods.  Poorer nations expanded on the back of our R&D.   3-d printing will be even a larger disruption to manufacturing than moving businesses to China.  Many posters insist on a closed-door policy - buying, building and using only our own products - but the cat is out of the bag.  Folks will NEVER pay $50 for a US shirt when they can get a Chinese one for $15.

Fri, 01/10/2014 - 19:50 | 4321296 Oldwood
Oldwood's picture

Amen. the human blight of NEVER turning away from a good deal. Corporations did not force us to buy crap from China. They made it very easy and we have been addicted to marketing for years, so it's not a big stretch to lay blame on them, but ultimately we did it. There was no gun to our head, we chose freely if not wisely. All of these "investors" that post here are incredulous at the corruption and malfeasance in the financial markets, yet they play on, acting as thought they are the victim when shit goes sideways. They are enabling the manipulation and theft we see daily. They are placing the money into the hands of those very people we know are manipulating an ultimate collapse.

There would have been no financial collapse in 08/09 if people were not in debt way over their fucking heads, but it was those damn brokers and agents that "tricked" them into the deal. Personal responsibility would go a long way towards fixing this but that won't happen for the same reason we are here today. They don't want the truth, they don't want the consequences of their choices. There are people lined up to lie to them, to tell them exactly what they want to hear...that its somebody else's fault. They were duped, they were robbed, and when they discover that their freedoms and liberties are gone as well, they will be making the same claims, blaming the same people, anyone but themselves.

Sat, 01/11/2014 - 03:49 | 4322242 The Burning Planet
The Burning Planet's picture

Go to many towns in America and try to buy a pack of batteries, or have some photos developed. You'll find you have many choices, as long as they're all CVS or Wal*Mart. So please don't Stockholm Syndrome on the corporate Leviathan. "IT" is the problem. Or at least a major part of the problem.

Fri, 01/10/2014 - 22:23 | 4321673 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Who forced Ross Perot out of the 92 Presidential campaign just as it became clear that he had a shot at winning? You may want to lay some blame on that guy/s.

Sat, 01/11/2014 - 03:44 | 4322239 The Burning Planet
The Burning Planet's picture

"You are assigning blame to everyone except the responsible party - the American consumer."


That's like blaming a tourist for being kidnapped.

Sat, 01/11/2014 - 09:56 | 4322477 DOT
DOT's picture

We were not kidnapped; it was seduction and ignorance. And laziness, got to remember that, why go to work when you make more sittin' on your ass?

Fri, 01/10/2014 - 13:34 | 4320015 jomama
jomama's picture


Even Reagan-- the greatest President of the 20th century-- has to shoulder some of the blame.

oh, you mean this guy?

you can't be even remotely serious.  try JFK.  you know, the one who actually tried to stand up to the crime syndicate and got his brains blown out for it? 

Fri, 01/10/2014 - 14:30 | 4320321 jomama
jomama's picture

the hell is 'fair' about that?  it's just the current sitting puppet of the time.  is that supposed to mean something?

Fri, 01/10/2014 - 15:37 | 4320584 Future Jim
Future Jim's picture

So you agree that Clinton did nothing and deserves no credit for a good economy, and that the media created the Myth of Clintonomics?

Media bias is the real story.

Fri, 01/10/2014 - 15:43 | 4320613 Future Jim
Future Jim's picture

OK. The real story is What is Wrong with the People.

Fri, 01/10/2014 - 18:38 | 4321099 jomama
jomama's picture


Fri, 01/10/2014 - 15:22 | 4320536 czardas
czardas's picture

Future, I've learned that some posters hate everyone - the Founders, every president, Congressmen, bankers, teachers, journalists, media - the list goes on.  I'd like to know someone they DO like.  LOL

Sat, 01/11/2014 - 00:14 | 4321958 Meatballs
Meatballs's picture

Reagan was what?!?

Fri, 01/10/2014 - 15:20 | 4320525 czardas
czardas's picture

There are jobs!!  The problem is our national priority is screwed up.  Business is literally begging for engineers, scientists, analysts, technically-trained personnel, folks with skills.  Business would much rather hire a US engineer than spend the time and effort andncost of hiring foreign workers.  This is not a case of China taking our jobs - any of which we could do but at a higher price.  It's a case of gross national incompetence - emphasizing the public sector and degrees in art, law, business, communications, law enforcement, and music.  If half as much effort had been expended toward promoting  jobs of the future as went for gender equality in colleges (where women are nearly 2/3 of all students) we'd be better educated with better jobs.  If you're concerned about a job for your child, emphasize those areas that folks need.  

Fri, 01/10/2014 - 19:39 | 4321250 caustixoid
caustixoid's picture

Absolutely true.  Who coulda know'd?  Well James Goldsmith did in 1994  - see if he doesn't predict the world we have today.  And check out how Charlie Rose and the clintonite mock him as a ridiculous man:

A Prophetic Interview with James Goldsmith

Fri, 01/10/2014 - 22:02 | 4321617 MisterMousePotato
MisterMousePotato's picture

So did the beat poet, Charles Bukowski:

Dinosauria, We

Born like this
Into this
As the chalk faces smile
As Mrs. Death laughs
As the elevators break
As political landscapes dissolve
As the supermarket bag boy holds a college degree
As the oily fish spit out their oily prey
As the sun is masked
We are
Born like this
Into this
Into these carefully mad wars
Into the sight of broken factory windows of emptiness
Into bars where people no longer speak to each other
Into fist fights that end as shootings and knifings
Born into this
Into hospitals which are so expensive that it's cheaper to die
Into lawyers who charge so much it's cheaper to plead guilty
Into a country where the jails are full and the madhouses closed
Into a place where the masses elevate fools into rich heroes
Born into this
Walking and living through this
Dying because of this
Muted because of this
Because of this
Fooled by this
Used by this
Pissed on by this
Made crazy and sick by this
Made violent
Made inhuman
By this
The heart is blackened
The fingers reach for the throat
The gun
The knife
The bomb
The fingers reach toward an unresponsive god
The fingers reach for the bottle
The pill
The powder
We are born into this sorrowful deadliness
We are born into a government 60 years in debt
That soon will be unable to even pay the interest on that debt
And the banks will burn
Money will be useless
There will be open and unpunished murder in the streets
It will be guns and roving mobs
Land will be useless
Food will become a diminishing return
Nuclear power will be taken over by the many
Explosions will continually shake the earth
Radiated robot men will stalk each other
The rich and the chosen will watch from space platforms
Dante's Inferno will be made to look like a children's playground
The sun will not be seen and it will always be night
Trees will die
All vegetation will die
Radiated men will eat the flesh of radiated men
The sea will be poisoned
The lakes and rivers will vanish
Rain will be the new gold
The rotting bodies of men and animals will stink in the dark wind
The last few survivors will be overtaken by new and hideous diseases
And the space platforms will be destroyed by attrition
The petering out of supplies
The natural effect of general decay
And there will be the most beautiful silence never heard
Born out of that.
The sun still hidden there
Awaiting the next chapter.

Sat, 01/11/2014 - 06:47 | 4322345 disabledvet
disabledvet's picture

just don't take my drivers license away. "give me gasoline at ten cents a gallon and I can do anything!" Generals, CEO's, Romans!...I can make this happen for you...but for the price of fuel!

Sat, 01/11/2014 - 06:49 | 4322347 disabledvet
disabledvet's picture

just don't take my drivers license away. "give me gasoline at ten cents a gallon and I can do anything!" Generals, CEO's, Romans!...I can make this happen for you...but for the price of fuel!

Fri, 01/10/2014 - 13:45 | 4320084 Future Jim
Future Jim's picture

"Perverse incentives yield perverse results."


Pervese incentives are What is Wrong with the People.

Fri, 01/10/2014 - 11:49 | 4319501 czardas
czardas's picture

The difference is job type.  Until very recently, all jobs were driven by muscle. If you could fight, lift, pull, carry or (later) move a handle, work the loom, swing a hammer, etc that was sufficient. It was impossible to eliminate these tasks  - builders, herders, pickers, planters, seamstresses, scribes and later assembly lines.  No better proof can be found than the new "factories" with 12 (vs thousands) of emplyees.  We CAN create jobs but only those that require education, skill or experience will last.

Fri, 01/10/2014 - 13:01 | 4319842 SAT 800
SAT 800's picture

The difference is not job type. the difference is industry here, or subsidize the Chinese.

Fri, 01/10/2014 - 15:10 | 4320494 czardas
czardas's picture

I have a feeling you didn't read beyond the first sentence.

Fri, 01/10/2014 - 13:04 | 4319857 SAT 800
SAT 800's picture

We cannot create jobs. No. We cannot. Because we persist, at the behest of the ruling class, in buying foreign manufacture. The World Trade Center has been much studied; where did the steel come from? Japan. All of it; already cut to size and marked as to where it went in the blueprints. What do you call a nation that buys its produced, final product steel from another nation? A failure. This failure, however, is not necessary, it was and is engineered.

Fri, 01/10/2014 - 14:58 | 4320449 czardas
czardas's picture

Why in the world would the "ruling class" care where we bought our manufactured products?   Sorry, I can't see those folks wasting their times making plans to force us to buy this or that product. Steel came from Japan because the Japanese workers agreed to take a mulit-year wage cut while the largest (at the time) steel plant in the world was being built.  Would American steel workers have done that?   The new WTC is getting its steel from Germany and bomb-resistant glass from China not because the "ruling class" mandated it but because that's where the product is. 

It depends on what folks are wiling to pay.  I prefer the quality of Italian clothing even though it's expensive.   But I also get Chinese crap from Walmart for working around the farm.  The best example of our plight was a "Buy US" rally I attended.  The little American flags we pinned to our shirts said "Made in Taiwan".  LOL

Sat, 01/11/2014 - 06:54 | 4322350 disabledvet
disabledvet's picture

the Ice Man cometh. And yes...Charlie Rose really is a raging psychopath. "Now here comes your 1999 redux."

Fri, 01/10/2014 - 15:06 | 4320479 BeansMcGreens
BeansMcGreens's picture

This is absolutely true, as it is not the education level but the amount of employed skilled workers needed to keep the machines for manufacturing going. Everyone from the truck driver and rail brakemen to deliver and move materials to the machinist to build the product to the commissioned salesmen to sell it are all necessary. When the textile mills left the rural areas of NC, so went the skilled mechanics and small machine shops. And like a row of dominos went all the rest.

Fri, 01/10/2014 - 23:26 | 4321835 willwork4food
willwork4food's picture


Fri, 01/10/2014 - 15:14 | 4320504 Chump
Chump's picture

"No better proof can be found than the new 'factories' with 12 (vs thousands) of emplyees."

Then you have no substantial proof.  Who designed and built those factories?  Who maintains them?  Who designed and built the machines used to design and build those factories?  Who maintains those machines?  Who designed and built the factories where the machines that built the factories in question were built?  Who maintains them?  And so on and so forth until you modern-day Luddites get dizzy and fall over.

Fri, 01/10/2014 - 16:25 | 4320755 czardas
czardas's picture

If the purpose of the conversation was repeating slogans regardless of evidence I'd agree.  But the subject was employment and when 12 folks work in a factory instead of a thousand this says a lot.  I can't figure out what jobs folks think are going to be created. It's not like there are none to be found.  Business is begging for technically trained workers - engineers, IT, chemists, nano, etc and are forced to go overseas because we emphasize business and communication instead of engineering and artificial intelligence.

The "proof" is everywhere - in factories from Mitsubishi to Fiat to window manufacturers (Omaha),  food manufacturing.  The Hershey's Chocolate plant was spectacular (I visited), components by Axiomtek, a company devote to factory automation as is Intelligrated who designs buildings and materials and is automating its factory. Groupo Modelo's brewery in North Mexico (largest in NA) is nearly fully automated. BMW, IKEA, Hyundai...some have no lights or heat (talk about money savings).  Factory automation is now a subset of Industrial Automation.  The point is I didn't simply make up something but wanted to share what is going on in the real world. 

Fri, 01/10/2014 - 17:01 | 4320839 Chump
Chump's picture

I appreciate that you wanted to share something.  My point is that automation does not necessarily reduce net employment.  If 12 people work in a factory instead of thousands what, exactly, does it say?  Just because you can't figure out what jobs are being created in that process does not mean there are, in fact, no jobs being created.  By my reasoning someone is building the components of that factory, or someone is building the machines that build those components.  Someone is inspecting and servicing all of the above.  Someone is operating the machinery that digs the factory's foundation, and someone is building that heavy machinery.  Others are surveying/staking the factory while still others are designing the building itself.

I do agree that America's (relatively) newfound emphasis on useless degrees is crippling an entire generation.  I can find a lot of common ground with you there.  On the subject of automation I think you're way off the mark. 

Fri, 01/10/2014 - 21:52 | 4321594 Yukajub
Yukajub's picture

"Someone is building... someone is operating..." Not necessarily, could be something, not someone. Automated industries build parts and provide service for other automated industries. Machines are not used because they are a great way to create more work up or down the line. 

Sat, 01/11/2014 - 07:11 | 4322356 disabledvet
disabledvet's picture

it cannot be done without a ready source of liquidity. now that we have no gold that I am aware of the strengthening dollar and the disinflation that results from it will truly put the "squeeze" on the value of liquidity period. Goldman/Sachs has now gone ""back to all in" on monetizing debt in order to deploy solar cities...starting in Los Angeles...and should it work there "the world." But this is not providing liquidity but a "theoretical economic construct that creates cash flow" and IN THEORY allows the State (of California) to "pay for things." This will not be Morgan Stanley. They deal in debt markets...and therefore it's all about repayment risk...currencies, the dollar, gold. if you want them to fund something...say a country for example...they will need cash flow, discounted, in dollars.

Fri, 01/10/2014 - 13:29 | 4319998 TBT or not TBT
TBT or not TBT's picture

WW I was helpful employing surplus men at home and in the trenches. There were a lot of them around, arguably due to disruptive technologies clashing with family sizes still at levels appropriate to previous millennia of manual labor intensive food production and non existent social security systems.

Fri, 01/10/2014 - 13:30 | 4320005 MeBizarro
MeBizarro's picture

One of the single dumbest comments I have ever seen on this thread.  Figures it gets 42 thumbs up  

You statement is akin to saying - "yeah there is no object really visible in the day time except the sun."  Go look at the historical evolution of agricultural and how many people it took to produce a certain amount of wheat per some standard unit of measurement.   It is staggering.

This assumes that Schumpter's work on creative destruction is going to remain valid despite additional technological progress or other trends and even though it is has a really short life span in terms of civilization.  This is why most economic work sucks today.  It is way too siloed and compartmentalized and takes things that have been only in effect for maybe 50-100 years in modern economies and assumes they are 'laws' akin to laws in physicial science.

Sat, 01/11/2014 - 07:22 | 4322360 disabledvet
disabledvet's picture

you CANNOT financialized it. this is what cause the collapse of Rome. They were producing wheat on an unimaginable scale at the time...but it was in the cargos of the Greek Trading ships that the "futures markets" were born...with paper monies (in the form of a system of weights and measures and math) the result. They continued to debase...until no one got paid and the wars could not be "won" because the Army could not be raised. next came the looting and finally total collapse. does the world cry out "where are the Americans?" if so I don't hear it.

Fri, 01/10/2014 - 17:23 | 4320945 Marco
Marco's picture

Consumption has increased with per worker productivity throughout all of history.

Per worker productivity can grow pretty much without limit ... do you think consumption can?

Fri, 01/10/2014 - 20:45 | 4321446 JuliaS
JuliaS's picture

Mechanical machines eliminated physical work and turned people into machine operators. Automated work (self-guiding machines) got rid of the human operator and made remaining ones so efficient that they could single-handedly run operations capable of meeting needs of every consumer on the planet. The left were left precisely as that - consumers, who had to finance their spending either out of savings of through credit, transfering wealth to the last batch of machine operators and more importantly - to machine owners.

The question to ask here is, who's the beneficiary in all of this? Who owns the machines? The answer: "The same man who owns the land machines exist and operate on. The land which supplies raw materials and energy necessary for the mechanized workforce to exist."

Who owns everything? The bank and the government (who are one and the same).

The industrial revolution did destroy jobs. First it killed all the muscle jobs. Then it killed all the brain jobs, tranferring all the assets generated thoughout this transition to ones who realized the importance of property ownership early on - those who had seized control of the land.

Fri, 01/10/2014 - 21:34 | 4321539 Lost Word
Lost Word's picture

A Bankster Corporate self-created Ponzi scheme that will collapse when there is no one left of the 99 percent on the planet that can afford to buy what the automated factories produce,

unless all the 99 percent get free unlimited Bankster money to spend,

so why do the bankster even bother with owning corporations for profit,

if they can just print all the free Bankster money they want for themselves?

I suppose a certain minimum amount of productivity is needed for the Banksters to obtain and enjoy the luxuries of life.

Or maybe they just like being slave owners.

All that time in Egypt being Jewish slaves must have twisted their inherited personality.

Fri, 01/10/2014 - 23:59 | 4321921 JuliaS
JuliaS's picture

The goal is to help 1% capture all the assets with the help of 99% and then the goal if fulfilled. No need for the rest of us. The machines are smart enough to privide everything the last 1% desires.

Fri, 01/10/2014 - 11:51 | 4319507 luigi1111
luigi1111's picture

Over $100B what? Their market cap is just under $20 billion.

Fri, 01/10/2014 - 12:58 | 4319824 Anusocracy
Anusocracy's picture

Curious, does your startup do government work?

Does it do work that is a response to a government created problem?

Fri, 01/10/2014 - 11:34 | 4319436 Blano
Blano's picture

I grade you a B+ for your MDB impersonation.

Fri, 01/10/2014 - 11:50 | 4319505 czardas
czardas's picture

What is MDB?

Fri, 01/10/2014 - 12:00 | 4319543 debtor of last ...
debtor of last resort's picture

Krugmans nick on ZH

Fri, 01/10/2014 - 12:20 | 4319637 Fuh Querada
Fuh Querada's picture

pure shill bullshit

Sat, 01/11/2014 - 08:41 | 4322387 GetZeeGold
GetZeeGold's picture



What is MDB?


Mostly Drain Bramaged.

Fri, 01/10/2014 - 12:32 | 4319688 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Milliondollarbonus...a poster who at times was very funny ...he/she/it was a defender of the FED and statist ideas.

Fri, 01/10/2014 - 21:37 | 4321552 Lost Word
Lost Word's picture

Presumably czardas is a new account.

Fri, 01/10/2014 - 12:42 | 4319732 Rockatanski
Rockatanski's picture

@SilverIsKing.....THAT is some really good sarcasm. funny, thanks.

Fri, 01/10/2014 - 17:47 | 4321001 The Duke of New...
The Duke of New York A No.1's picture

Amen brother! .... all Hail the great Bernank!.


Long Tungsten.

Fri, 01/10/2014 - 17:56 | 4321017 Withdrawn Sanction
Withdrawn Sanction's picture

"The labor participation rate is low due the retirement of huge numbers of highly uccessful people."

Nice try, but incorrect.  Retirees are not counted as part of the labor force since they are neither actively seeking employment nor currently employed.  Labor Force is simply the sum of the no. of employed people plus the no. of unemployed people, how ever BLS counts them.   And there's the rub as far as the unemployment RATE (UR) is concerned. The UR is the no. of unemployed divided by the labor force; so, if you can reduce the no. of unemployed people, you can drive down the unemployment RATE.

This is true even though unemployeds show up in the numerator and denominator of the UR fraction.  The effect lowering the no. of unemployeds is disproportionately larger on the numerator than the denominator and so the rate falls.  So kicking unemployeds out of the labor force, because, say they haven't looked for a job in the last 4 weeks, or for whatever other reason you can cook up, operates to lower the published UR, even though there are still massive number of people who really are willing and able to work, it's just that they dont "count" in the BLS figures.  The net result is the labor force falls along with the UR.

Put more simply, the declining labor force participation rate (the labor force relative to working age population) is the tell tale that the falling rate of unemployment is a chimera.

Fri, 01/10/2014 - 10:12 | 4319146 kaiserhoff
kaiserhoff's picture

Underground economy.  It's not just the ZH crowd.  People are simply making other arrangements because the system is failing.

Fri, 01/10/2014 - 10:50 | 4319286 SamAdams
SamAdams's picture

You are correct.  See my comment above.

Fri, 01/10/2014 - 12:10 | 4319599 GeorgeHayduke
GeorgeHayduke's picture

I think you're on the right track. This system has become so exhausted, overextended and corrupt that failure is about the only option left. The system can no longer hide former so-called externalities. Cheap energy is a thing of the past. The expense of using the military to keep other countries corporate friendly is outweighing the profit margins. The current political system no longer works. Trust in currencies and therefore trust in trade is dwindling fast. Plus much more...

Of course, those in power will do everything and anything they can to keep this system running as is for the benefit of them and their wealthy friends. In the meantime they will be throwing anything of value at themselves and their friends. It the same old system of socialism for the wealthy and powerful, and every man for himself for everyone else that we've always had. It's just much more visible as the ship is taking on water at a faster rate.

Fri, 01/10/2014 - 20:35 | 4321416 Buck Johnson
Buck Johnson's picture

And if the price of goods and services have gone up via inflation where even 2 salaries may not be enough.

Fri, 01/10/2014 - 10:05 | 4319117 GetZeeGold
GetZeeGold's picture



We live in an enlightened society where the more people we have out of work brings down the unemployment rate.


We call it progress.

Fri, 01/10/2014 - 10:07 | 4319128 Liquid Courage
Liquid Courage's picture

What's in a name? That which we call a turd

By any other name would smell as foul.

Fri, 01/10/2014 - 09:57 | 4319083 ElvisDog
ElvisDog's picture

And that will be the headline and what the talking heads will talk about "Unemployment at 4 year low"

Fri, 01/10/2014 - 11:21 | 4319387 HamRove
HamRove's picture

Not so Fast Jekyll!

This D-bag says Moar easing. Gotta get that FIX baby!

Fri, 01/10/2014 - 13:43 | 4320072 midtowng
midtowng's picture

Just wait until next month when over 1 million unemployed drop off the extended rolls. Then the government can stop counting them and the participation rate will REALLY fall.

We may see a negative unemployment rate before this is all over.

Fri, 01/10/2014 - 18:47 | 4321113 TheRideNeverEnds
TheRideNeverEnds's picture

Indeed, here in Obama's America we are entering a post scarcity utopia where the government will provide for us everything that they deem necessary to have.  

Fri, 01/10/2014 - 09:55 | 4319068 4realmoney
4realmoney's picture

This video is hilarious. Mashup of movies talking about the US National Debt. Total nod to ZeroHedge in the opening:

Fri, 01/10/2014 - 10:10 | 4319134 Skin666
Skin666's picture

+ 1


That's a great video!

Fri, 01/10/2014 - 10:16 | 4319163 The Shootist
The Shootist's picture


Fri, 01/10/2014 - 10:49 | 4319281 S5936
S5936's picture

4-$$ - excellent stuff !! + 10. Thx

Fri, 01/10/2014 - 11:44 | 4319479 moroots
moroots's picture

+$16 trillion

Fri, 01/10/2014 - 16:32 | 4319615 bob_stl
bob_stl's picture

I'm fed up, Arnold, and I don't care who knows it.

Fri, 01/10/2014 - 13:03 | 4319853 Villageidiot777
Villageidiot777's picture

That is what people should watch, but this video is shorter and easier to understand:

Party now, pay later.

Sat, 01/11/2014 - 16:39 | 4323277 lakecity55
lakecity55's picture

"There's a ShitStorm coming, Randy, the Mother of All SHitstorms, and you and your pal Julian are gonna be blown away!"
"Fuck off, Mr Lahey!"

Fri, 01/10/2014 - 09:56 | 4319078 venturen
venturen's picture

Don't forget the bought and paid for congress.... The crooks of Wall Street were rescued and are screaming the market what if people die of starvation. Even the freeloaders don't scam on the level of Wall Street.... The trillions they have manipulated for themselves is unprecedented. There will be consequences!

Fri, 01/10/2014 - 10:08 | 4319133 drendebe10
drendebe10's picture

Give it up for the arrogant,narcissist, lying illegal alien muslim, his ptogrrssive democraps and all the sheeple who put the thing in office.

Fri, 01/10/2014 - 11:10 | 4319350 tempo
tempo's picture

Fewer jobs means bigger Govt., more college students and support programs using biblical language of equality, fairness, compassion. Many sermons in our bigger churches now emphasis the social justice gospel of working in food banks, caring for the poor.

Fri, 01/10/2014 - 12:26 | 4319663 PrintemDano
PrintemDano's picture

Atlas Shrugged....comes to life.....


Fri, 01/10/2014 - 13:07 | 4319875 SAT 800
SAT 800's picture

That's right. That and a criminal ruling class that deliberately sold the United States down the toilet.

Fri, 01/10/2014 - 11:44 | 4319482 SAT 800
SAT 800's picture

MarketWatch has a sub-headline today on the Jobs Report page saying---"Ignore this Job Report". I especially like the command form of the sentence. I feel like saluting and saying, Yes Sir!

Fri, 01/10/2014 - 12:07 | 4319583 BigSkyBear
BigSkyBear's picture

Welcome to the new Normal - S&P 10K! (Aaaaaaack!)

Fri, 01/10/2014 - 15:20 | 4320522 mickrussom
mickrussom's picture

This man is a dangerous enemy within. He colludes with the oligarchical collevtivists and the banking cabals and the military complexes and the NWO types to totally destroy our national soverignty, our borders, our faith, our culture and our money. This man, Obama, is a traitor and belongs in prison for life as well as his entire regime..

Fri, 01/10/2014 - 17:12 | 4320916 survivor727
survivor727's picture

The American Economy was killed the day Slick Willie signed NAFTA.  NAFTA, CAFTA, GATT and all of the rest of the ridiculous "free trade" agreements killed the economy long ago.  But like a chicken when its head is cut off, the body runs around the yard because it doesn't know it's dead yet.  Well, the same can be said for the US Economy.  We have been outsourcing jobs and entire industries for the past three decades even while both dems and reps railed against it!  Obama's own jobs tsar Jeffry Imet from GE was outsourcing entire segments of General Electric while he was advising Obongo on creating jobs.  Are you kidding mke!

The economy is not recovering and is not going to recover because you can't run a country where people all work in retail and can't afford to buy the cheap foreign made garbage they sell.  It's game over!  Now the imbeciles in Washington will finish off the trades in this country when they decide some 80 million illegals are now legal!  Forget about the 11 million number; it's 80 million because they will be allowed to bring their families as well!  In one fell swoop nearly one quarter of the US Population will suddenly be Hispanic.

Washington is quite simply one party with two heads.  There is no fiscal sanity.  There is no fiscal conservatism and those who speak out are immediately labeled and marginalized.  America uis like the painting of the wooly mammoth on the cave wall with 50 spears stuck in him.  He is dying a slow, painful death while the buzzards circle.

Meanwhile, the Federal Reserve has so devalued the US Dollar that it is simply a shadow of its former self and represents multi-generational theft.  The Fed has, by virtue of QE devalued the dollar and stolen hundreds of billions from future Americans while crushing the buyiong power of current Americans.  The debt can never be paid back.  We have now passed the point where that was mathematically possible.  The fed now HAS NO CHOICE but to continue printing and devaluing because if they stop, the whole house of cards will collapse.

If the US Government ended the Fed, went back to a Constitutional form of government, raised tariffs agaisnt foreing goods and rebuilt our industrial base, we would again be a true world power.  Right now we are simply the family down the block with two new cars in the drivveway, a new hous, a huge yard, a boat, two jet skiis and all of the kids attend private school, but they eat Ramen Noodles every night because it is all on borrowed money and all of their income goes to pay debt!



Fri, 01/10/2014 - 19:11 | 4321174 CarrierWave
CarrierWave's picture

There is only on conclusion to take from this latest revelation for those of us who invest in the Markets:

Fewer people are employed = Corporations' labor expenses are lower = Corporations profits are higher = Companies valuations go up = Stock prices are confirmed to move higher still.

Add the mighty watching FED to the mix and what do you get?

A Market that is all but sure to keep delivering those of us who are invested the promise of even more gains.


Don't fight the FED. Choose your entry points intelligently. Set Stop Loss smartly. Managed your positions properly and don;t sweat the minor pullbacks or even a 5% one. THose are normal and healthy in any market.

Sat, 01/11/2014 - 10:54 | 4322543 piliage
piliage's picture

Bullish! I'm long Chalupas

Fri, 01/10/2014 - 09:52 | 4319051 RaymondKHessel
RaymondKHessel's picture



Fri, 01/10/2014 - 09:55 | 4319067 disabledvet
disabledvet's picture

The Queen Mum wants her gold...AND HER Grey Poupon.

Fri, 01/10/2014 - 09:56 | 4319076 thatthingcanfly
thatthingcanfly's picture

Raymond, knock it off with the pretentious bullshit comment-section straw polls already!

Fri, 01/10/2014 - 10:17 | 4319166 Agent P
Agent P's picture


Fri, 01/10/2014 - 09:52 | 4319052 q99x2
q99x2's picture

Why do people complain about not working? That's the craziest dang thing I ever heard.

Do NOT follow this link or you will be banned from the site!