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Americans Not In The Labor Force Rise To Record 93,194,000
In what was an "unambiguously" unpleasant April jobs payrolls report, with a March revision dragging that month's job gain to the lowest level since June of 2012, the fact that the number of Americans not in the labor force rose once again, this time to 93,194K from 93,175K, with the result being a participation rate of 69.45 or just above the lowest percentage since 1977, will merely catalyze even more upside to the so called "market" which continues to reflect nothing but central bank liquidity, and thus - the accelerating deterioration of the broader economy.
End result: with the civilian employment to population ratio unchanged from last month at 59.3%, one can easily on the chart below why there will be no broad wage growth any time soon, which will merely allow the Fed to engage in its failed policies for a long, long time.
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If you are ‘out of work’ Sell cheap protein to those who are out of work - make a market for these little guys, Nutria. (Think cheap prison food).
“A culinary event called Nutriafest was launched to promote eating the invasive rodent. Enthusiasts tout their flesh as having more protein than beef and less fat than farmed catfish.”
Friday Fuck Fest continues.
Sadly, only because we'll have to endure another week, we'll probably get more down days next week before another attempt at breaking out.
There's no coiled spring, it's more like shit soup.
"Excellent. Now subtract all goobermint workers from that number. And if you want to get really depressed, also subtract out all the useless eaters like educators, lawyers, pharmacrooks, doctors, grant money grifters, nonprofit scammers, and every other indirect parasite, and you'll see that it's already over but the shouting."
THIS comment from above. I'm not joining the rant against educators and doctors. Yes there are certainly far too many lawyers and get-rich-quick schemes by suing McDonalds for coffee that is too hot!
BUT the basic truth is that there is a TIPPING POINT where the number of people are are producing real goods becomes too small. And then there will be a rapidly growing collapse. Putting it another way ... it's not possible to have all Americans on food stamps, except for 100 billionaires. America cannot simply be a giant SERVICE SECTOR economy. Nor can we be an economy of Google and Yahoo software geeks. Because all the money flows to One Geek, and all the other people become economic serfs. The big Geek pays no taxes, and the serfs have no income!
There is a potential TIPPING POINT in this mess. We are getting close.
Anyone who put teachers in the category of "useless eaters", or even believes in the existence of that category, has pretty much demonstrated that they think there is some unbiased, honest-to-goodness profit generation mechanism that is somehow outside of and superior to our investments in social capital.
So you sold some drywall you manufactured to a housing company, hoo f**ing ray. Free markets. The real estate values which those companies capitalize upon are made possible by quality schools being in the area. The high quality of teachers helps create the value of those houses, which is why the drywall supplier gets paid.
At no point does one person ever become a 'real earner' and another just a meaningless parasite. Societies are reciprocal, cooperative, self-reinforcing, and whoever appears to be "legitimately earning free market money" is in fact capitalizing and/or externalizing in some way the social capital that is made available by the society as a whole. Corporations are the easiest to prove this of, but it works for small companies too. No one is John Galt, no one earns separate from the collective, we are one big human family and the viewpoint of isolated individualism is OVER. It will fade with the boomers, 20 years tops.
All in all about 40% of prices can be traced back to costs for capital. These figures first came from Magrit Kennedy, and have since been corroborated by independent study: Erasmus University in Rotterdam, under supervision of STRO. STRO is a monetary think tank in the Netherlands.
You lose 40 percent of your disposable income to interest through prices. If you aren’t losing your output through prices, you are then harvested for your real wealth during depressions.
Interest is being paid by people borrowing money and received by people having loads of it. So it is per definition a wealth transfer from poor to rich. The rich in this case, typically are those who have money not to lend, but money they create. Banks create credit from nothing, and when you pay back the usury, it lands on their ledger. In other words, usury on credit is paid on the front side of the debt contract and does not appreciably decrement the principle. This usury money leaks upward into the top .01 percent.
About 80% of the poorest people pay more interest than they receive to the richest 10%. The next richest 10% pay as much as they receive. This means the vast majority is losing a substantial part of their money to interest.
Bank credit money and interest system is welfare for the rich. The poor do get direct transfers from the state, who in turn taxes it mostly out of the middle class. Therefore the middle class are subsidizing both the poor and the rich.
The giant canard is that Credit as money is created by keyboard entries, and usury paid on this type of money is “as if.” As if this type of money has some sort of time value, where the creditor had to forego wants today to have more in future; this type of money has no time value – it popped into being based upon signature of new debtor.
Figures from STRO are from Germany, but the dynamic is present everywhere there is credit and usury:
In Germany the poorest 80% pay 1 billion Euros in interest to the richest 10% PER DAY. The 10 percent owe to 1% and pay upward. Repeat: that is one billion euros per day. Therefore 365 billion euro’s per year. That is one seventh of German GDP. Adjusting the numbers for America, the poorest 80% must be paying at least a trillion a year.
The rich get richer and the poor get poorer because it is baked into the cake. The money system is a giant rent scheme and horrible hoax that has mankind by the throat.
The .01 percent take their illicit financial gains, and use their money power to pervert society. Often these .01 percenters are Cabala and Illuminists, who are leading man down a path of destruction. Ths usury money flows out of the top of pyramid to then fund the takeover of the press, university economic departements, and to fund hypnotisim spewing from you TV. It also buys up books and destroys them, to then try and destroy history.
Sovereign money will be national wealth money, not credit. So, international finance will stop taking its illicit gains. The parasite will be forced to evacuate citadels of power.
www.sovereignmoney.eu
damn bro, you pack a lot of truth in your paragraphs. Keep posting MEFO
Business Insider is Reporting the Opposite. Says Scores return to work. Hmm
I am sick of these bullshit charts. Of the 93 million out of work, 45 million work off the books or for cash. The underground economy is enormous and that is why we need no income tax and a VAT. Steve Forbes has talked about this dfor years. The hot dog man on the corner in New York, The pizza guy, My plumber...
These numbers are baloney. If 93 million were not earning or suckingm off the government there would be torch light mobs around Warren Buffetts house.
Watch how it's going in Europe...
Don't worry. The geniuses are already working on that cash "problem".
http://www.internationalman.com/articles/the-war-on-cash-transparently-t...
when you use the name steve forbes you lose all CRED.
You should show that graph beside a graph of the number of people in college.
... Amd 3D the graph with the number if illegal immigrants...
Shock data reveals that more mothers stay home to mind kids!
Shock data reveals that more mothers stay home to mind kids!
Day care centers around here are going out of business at an enormous rate. Not enough work for both parents to be employed. Single parents are not working as much as in the past.
We need more QE to right the ship!
wheres my helicopter money!!!
ori sonic 17 good needs to be at least 20mins to get effect
to those thugs on here using simple math, please refrain from doing this in public as it is likely to offend.
heres one of my fav stats from the uk whenevr the newsw agenda setters stimulate the multitude into bitching about benefit claimants...........
the uk gov gave £1.25tri to 'uk' banks in 2008/09 in cash and gaurantees
jsa - job seekers allowance - is paid to a person who was working for a sufficient time to qualify, and has been unemployed but seeking for 6 months or less after that they cut if you have savings over £5000 and force you to take any old job they can shove you in
anyway that £1.25tri was broken down by the national audit office under the general headings of cash and gara's the cash was equivalent to about 35 years of jsa for the whole country, and the gara's and underwriting is equivalent to over 300 years in jsa for the whole country, when i roll that out in an argument i get a response that is part disbeleif, part outside my frame, - constructed courtesy of the media owners for 1, and part oblivion as people seem happy to accept statements without facts, while statements with facts that have been deduced ie not mainstream just cant be digested if you get my drift.
I seen it! They were all in Baltimore this past week running around protesting in the middle of the night!!!! Unbelievable!
We can hit 100,000,000! I just know it!
47% you mean we all live in Greater Baltimore Region? If throw in 3% jail population, you get 50-50.
Repealing and replacing Obamacare with GovCare, (yet to be drafted) and repealing all federal taxes and abolishing the IRS and replacing them with the Fair Tax HR25 could bring remarkable and immediate health and tax benefits to everyone living and doing business in the United States and this should be done today, before the 2016 elections.
President Obama and the 535 legislators in office today should get this done as fast as the banks and Wall Street were bailed out and they need to do it now before the 2016 elections
Millions of off shore jobs could be brought home and starting and operating new or existing businesses in the US will be simpler and businesses will no longer be forced to pay any taxes or be required to pay for or be involved with healthcare in any way.
The US would instantly become the worlds best tax haven for individuals and businesses.
Businesses from all over the world would flock to the US to locate here and employe millions of Americans because the US will be the, healthiest, easiest, most profitable, least bureaucratic, fairest and freest place on the planet to enjoy life, to make money and to make dreams come true.
HR 25 Fair Tax sales tax only collections will be revenue-neutral and will provide all the money required to pay for social security and all existing federal programs.
Bonus benefits learned from FairTax direct computer payment deposit systems interacting with citizens using their social security numbers for Prebates could also demonstrate an efficient way to make safety net payments directly to the people who will spend the money paid directly to them.
Limited government could be achieved instantly at local, state and federal government levels by allowing millions of current government employees to instantly retire and go home to enjoy their retirement benefits that taxpayers will fund gleefully for the luxury of attaining instant limited government.
A $trillion could be saved annually, from the $3trillion spent for healthcare in 2014 and by repealing and replacing Obama Care and adding a second free “GovCare” choice everyone in the United States will have choices for access to far superior care and payment options than is being provided today.
Pass the Fair Tax HR 25
Abolish the IRS and all federal taxes by passing the (FairTax HR25) and hopefully all states will switch to consumption taxes too modeled after the Fair Tax for all of their revenue requirements.
Pass GovCare, (yet to be drafted}.
Two basic healthcare choices would be offered for everyone in the US to select from.
1. Choice one: use your own money to purchase anything you want to buy from existing healthcare industry hospitals, health insurers, doctors, drug stores, medication and medical supply sellers.
2. Choice two: select to use a new free one stop single payer government operated system called GovCare where all care and services will be delivered to patients for free and funded by collecting sales taxes to eliminate todays healthcare industry's high profit markups and expensive administrative and expensive bureaucracy costs of dealing with insurance programs and copays.
Every patient will have a multitude of choices of where they might voluntarily chose to spend their own money for purchasing any insurance or care from any of the non government funded providers competing for healthcare customers.
Patients will be able to go back and forth between free GovCare or non government pay for care providers and insurance companies.
Healthcare customers and patients can mix and match, use only free GovCare or purchase whatever insurance or care they want to buy from existing systems or they may choose to never use either system.
Everyone in the US regardless of their citizenship or financial status, rich or poor, citizen or non-citizens, could make a choice to receive free care at GovCare Hospitals; no insurance purchases required, no copays, no restrictions because of preexisting medical conditions just ask at any GovCare hospital and care will be provided for you and it will be free period!
GovCare will provide all inclusive birth to death healthcare including, primary, inpatient, outpatient, weight loss, substance abuse, psychiatric, long term elderly, extended nursing home care, free medications, dental, eye care, glasses hearing aids, and all medical devices.
No one in the US will ever again be forced to go without healthcare or medications nor will any individual, business, or government at any level ever be without choices to avoid bankruptcy or lack of care or medications because of healthcare costs or availability.
Americas Veterans Administration Hospitals using governments low cost advantages and evidenced based care meaning(prevention programs to keep you healthy)and (if you get sick or injured the VA does whatever it takes to make you well) and the VA has been producing better patient outcomes for years than any other providers at any cost and the VA's costs are a mere fraction of what todays healthcare industry is charging patients and taxpayers.
Hundreds of billions of dollars could be saved annually, from the $3trillion spent in 2014 and and by repealing and replacing Obama Care and adding a second “GovCare” choice everyone in the United States will have choices for access to far superior care and payment options than is being provided today.
1. Individuals would no longer be forced to purchase insurance and could have free care just ask at GovCare hospitals it's free period.
2. Businesses would no longer be required to pay for or be involved with healthcare in any way.
3. 50 State governors would no longer be required to pay for or be involved with healthcare in any way.
Here is how to make GovCare available to everyone in the US wanting free care in 2015.
Repeal and Replace Obama Care with a 100 page simple straightforward GovCare legislation bill.
This can be done quickly if President Obama and other prominent Democrats and Republicans unite.
Treasury and Federal Reserve funding, like that used to bail out the banks and Wall Street, could be used to fund the new GovCare startup.
Aquire up $500billion of existing public and private healthcare companies from willing sellers to quickly form the new “GovCare” single payor healthcare option for patients to use by year end 2015.
Sales taxes, collected fairly and efficiently from 50million tourists and everyone shopping in the US could pay the annual costs for operating the free single payer GovCare option.
To control costs and quality no government funding will paid to any providers other than GovCare.
Existing insurers and providers will no longer be required to provide indigent care nor be subjected to any government meddling, mandates, restrictions or pricing directions as they practice medicine.
Employers will not be required to provide nor pay for any healthcare; however for anyone choosing to purchase any healthcare it will be tax deductible for the purchasers and tax free to the recipients.
Todays existing costs paid by local, state and federal governments for healthcare can all be eliminated.
Here is a business news quote that screams the damage that today's healthcare industry, their lobbyists and conspiring government policymakers are inflicting upon patients, taxpayers, businesses and local, state and federal governments who are all being subjected to terrible financial and physical pain and even death.
“The unstoppable healthcare sector is expected to see revenue growth of 9.1%, according to FactSet, with three sub-sectors seeing double-digit sales growth: Healthcare Technology (38%), Biotechnology (23%), and Healthcare Providers & Services (11%)
Thats why no one in congress or anywhere else, wants to get healthcare expenditures under control. It may eat up Medicare, Medicaid, state healthcare programs and retiree healthcare programs. It may be economically cannibalistic for the country. It may bankrupt municipalities and states. It may blow up federal programs. But in its manner, healthcare is the most vibrant growth sector in the US economy. Even if it lives on borrowed money and is bankrupting the nation, its growth!” Wolf Richter
The Fair Tax Act of 2015 will abolish the Internal Revenue Service and end all federal personal income taxes, all corporate income taxes, all payroll taxes, all self-employment taxes, including social security taxes, all capital-gains taxes all inheritance, estate and all gift taxes and replace everything with a single revenue-neutral personal consumption sales tax on all retail sales of new goods and services.
Efficient, painless and non intrusive sales tax collections at the cash register when you buy stuff will provide the same amount of money to continue to pay governments bills like they are paid today.
Social security and all existing government programs will continue to pay the same benefits.
Existing hidden value added taxes, ( 20plus%), that we pay now on everything we buy will be eliminated and here is the beauty of the FairTax a 23% sales tax substitution on all new purchases will produce the same annual revenue-neutral amounts produced by our existing convoluted and hated IRS.
Workers will be able to keep all of their wages.
No more forms to fill out, no more withholding, no taxes will be collected on used purchases and everyone in the US with a social security number can get a monthly “Prebate Check”
https://www.govtrack.us/congress/bills/114/hr25/text http://en.wikipedia.org/wiki/FairTax
A presidential candidate with the ability to recruit a campaign army, raise money, has integrity, persistence, determination, clout, tact and coalition building skills to inspire President Obama and 535 existing Washington legislators and an army of lobbyists to join together to repeal Obamacare and the entire federal tax system and abolish the IRS to rid government of the complicated, incomprehensible, cruel, grossly inefficient and overpriced healthcare and tax systems and their bureaucracies that are killing us and then who succeeds in replacing them with two simple straightforward, honest, fair, compassionate and fiscally responsible laws, free GovCare and the Fair Tax HR 25 before the 2016 election should be elected to be the next:
PRESIDENT OF THE UNITED STATES
wings should be attached to pigs so they can fly.
there are more older people in society, that's all
the same in Japan, Europe, Russia
it's natural process
link to the BLS source
http://data.bls.gov/timeseries/LNS15000000
Breitbarts' link
http://www.breitbart.com/big-government/2015/05/08/americans-not-in-labo...