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"They Just Don't Want A Job" - The Fed's Grotesque "Explanation" Why 94.6 Million Are Out Of The Labor Force
In a note seeking to "explain" why the US labor participation rate just crashed to a nearly 40 year low earlier today as another half a million Americans decided to exit the labor force bringing the total to 94.6 million people...
... this is what the Atlanta Fed has to say about the most dramatic aberration to the US labor force in history: "Generally speaking, people in the 25–54 age group are the most likely to participate in the labor market. These so-called prime-age individuals are less likely to be making retirement decisions than older individuals and less likely to be enrolled in schooling or training than younger individuals."
This is actually spot on; it is also the only thing the Atlanta Fed does get right in its entire taxpayer-funded "analysis."
However, as the chart below shows, when it comes to participation rates within the age cohort, while the 25-54 group should be stable and/or rising to indicate economic strength while the 55-69 participation rate dropping due to so-called accelerated retirement of baby booners, we see precisely the opposite. The Fed, to its credit, admits this: "participation among the prime-age group declined considerably between 2008 and 2013."
And this is where the wheels fall off the Atlanta Fed narative. Because the regional Fed's very next sentence shows why the world is doomed when you task economists to centrally-plan it:
The decrease in labor force participation among prime-age individuals has been driven mostly by the share who say they currently don't want a job. As of December 2014, prime-age labor force participation was 2.4 percentage points below its prerecession average. Of that, 0.5 percentage point is accounted for by a higher share who indicate they currently want a job; 2 percentage points can be attributed to a higher share who say they currently don't want a job.
And there you have it: there are nearly 100 million working-age Americans who could be in the labor force, but are not "mostly" because they don't want a job.
Nothing about the lack of job demand as mega corporations continue to lay workers off in droves instead of hiring, instead using every last dollar of free cash flow to buyback their own stock to boost executive compensation instead of growing their company and hire more workers.
Nothing about the collapse in small business formation - that driver of 80% of US employment - as firm exit rates are now greater than firm entry rates
Nothing about the inability to get a job in a world in which the rest of
the global is lapping the US in educational and labor skills.
Nothing about the US economy never having left the post-2008 depression where $4.5 trillion in Fed credit was created just to boost the S&P to all time highs and never making it to the actual economy (until the helicopters finally start paradropping of course)
Nothing about millions of aging, 55 and over, Americans refusing to retire or quit their job simply because they have no return on their savings to fall back on thank to the Fed's ZIRP, thus keeping the labor pipeline clogged and preventing younger Americans from getting promoted and achieving better paying jobs.
Nothing about a Millennial generation encumbered with $1 trillion in debt, that is so terrified of its job prospects and having to pay down its debt, it choose instead to keep rolling and piling on to this debt by remaining in college indefinitely
Nothing about the perverted incentive structure of a welfare state that makes it more attractive to collect generous government handouts which end up punishing hard work.
None of that.
You see, it is because Americans "mostly don't want a job."
And these are the pompous academic "intellectuals" who are supposed to micromanage the US economy. But how can they fix the biggest problem facing the US economy when they fail to even accurately diagnose what the problem is?
Which, incidentally, is why the same old Fed tools will be used and abused in hopes of kicking the can down a few more months at at time, be it QE 4, 5, 100, or ever more negative rates, both of which are coming.
How long will this continue? Now that is a very simple question: it will continue until the dollar loses its reserve status, just like the pound before it, and the livre before that, and the guilder before that, and so on.
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In case you haven't been following the news, douchey, that TANF program is being severely compromised across the USA, where in many cities they are turning away mothers, claiming their money ran out, then using the leftover money for other stuff (they can do this as it is a state block grant).
Burn the Fed with the employees inside.
be sure to lock the doors first.........
Employee a disco manager. for the arson.
Maybe most Americans are printing money at their house like the Feds is doing.
Job: (noun) a process by which ones only true resources, time and enrgy are willing exchanged for worthless peices of paper purported by sociopathic international bankers to be money.
Kaiser Sousa Non-Serf Dictionary
Print that shit out and put it on the fridge.
A+
JOB; Just Over Broke.
Paul Westerberg lyrics, updated for 2015:
(standard power chord blues)
Don't want no goddam job
Don't want no goddam job
Don't need no goddam job
Whoa, don't want no goddam job
Goddammit
Goddammit
Goddam!
Don't want no goddam job
Kaiser Sousa, I think I love you. :^)
Maybe, just maybe, if the deal was something other than "work yourself to death for a pittance, and get poorer every week, no matter how hard you try" then maybe, just maybe people might have a better attitude towards the concept of employment? As of now, for most people, working at the average job is equivalent to slavery, and affords a standard of living little better than what can be accomplished by scrounging. If work actually comes with rewards, maybe people would be more inclined to embrace it?
For me, nothing can replace the warm fuzzy feeling I get when I see some land whale with a passel of brown children pay for her laden to the point of tipping over with junk food shopping cart by swiping her EBT. I shine inside knowing that the money extracted from me at gunpoint is going to help those less fortunate than myself. Not to mention the wonderment I feel knowing that my beloved, honest, caring government is spending trillions to spread democracy and peace to our lost brothers in the MENA. You just need to stop and smell the roses, man.
Your treasonous comments have been forwarded to the DHS.
It's MDB on weed, feel the glow man
"For every person who receives without producing, another must produce without receiving."
That's apparently the 28th Amendment.
I can only hope it's a big scam to kill these fat fucks with diabetes using high fructose corn syrup.
Elliott Eldrich, I think I love you too. :^)
Fuck work. Why put in 40+ hours a week slaving away for peanuts when you can get housing subsidies, food stamps, earned income tax credits, Obamaphones and all that shit.
AND work for cash under the table!
That's what the young breeders are doing in states like Massachusetts, one baby daddy at a time. It's not so much that it's a fucking gold mine, but that they're actually fucking in the fucking gold mine, to boot.
Hmmm. Brings a new meaning to the terms: "mine shaft", "paydirt", ""hitting it", etc.
Seems there's always a "fire in the hole"
I'll take a stab at this...maybe for a halfway decent life? Any sense of pride? Not relying on someone else or the gov for next meal. This country is full of idiots with no education..you have kids in high school learning fucking algebra..what shot do these morons have in life? Learn a second or third language.. Get a real skill and you will have a job for your entire life.
We need to put requirements on all of these benefits..you want your snap, welfare, unemployment, obama phone...well do 60 hours of labor on someone's farm, apprentice for an electrician, scrub the fucking sidewalks in every city, let's get these useless fucks working for us instead of the other way around.
i think the previous comment was sarcasm
Sarcasm or not..large number of the population has that attitude.
Eugenics is also another nice solution. Take all benefits away. Let these deadbeats die off. IQ test and family medical history to determine who can reproduce. Abort anything with potential to be born with mental illness (more useless fucks to support). Enough bleeding heart bullshit. If you can't support yourself, maybe its your time to go.
Methinks they got it wrong......
COMPANIES don't want to hire people (and continue to get reduce the numbers of those that they do employ)
- at least here in the US.... they're more than willing to hire people at slave wages overseas
When this thing finally ignites, it's gonna be one hell of a conflagration.
S'mores, popcorn and cold refreshing adult beverages.
https://www.frbatlanta.org/chcs/LaborForceParticipation.aspx
Please Sir, may I have some moar?
Back to the mailroom for you!
Private Holmes, Sir. Proudly reporting for duty in the US of A FREE SHIT ARMY.
"OK, you're gonna have to fill out some forms first. Here's the first one: a ballot filled out for Hillary Clinton."
Because the don't have to get one!
Between the working for cash, gubmint bennys, and parents an enterprising "youth" can defer serfdom for quite a few years. Citizens aren't volunteering to become serfs:
"get good grades to get into a good [expensive] college", "so you can get a good [highly taxed] job" "so you can get a good [high property taxes] house in a good neighborhood" "so you can get a good [expensive] spouse" "so you can retire [gonna need lot more money] in a nice place"
For what? TO MAKE EVERYONE ELSE RICH, THAT'S WHAT!!
NO F*****G THANKS!!!
in new york if you order take out food chances are your delivery boy will be a deliveryman over 50 years old.
there are no jobs for young people the boomers are tapd out on debt and still working.
the bailouts shoulda extinguished debt so old ppl can retire
in new york you can get marijuana by delivery in about an hour.
if the stupid fucks simply legalized it, they could also tax it {for the children}, regulate it {for the liberals}, and "create" jobs {for economists and politicians}.
jmo.
marijuana is pretty much the only industry left for millenials to tap, but its so over regulated and taxed its not worth it just yet unless you stay on the illegal side.
govt doesnt want a real economy it wants one where banks get free money to steal shit and bribe politicians.
This younger generation is beyond fucked, they grew up under the illusion that education would lead them to a good place, with a good job and a good life, never taking any time to learn any valuable skills. Now they have no jobs, no skills, no homes, and no future, because they mortgaged it for a fancy looking piece of paper that says they successfully jumped through a bunch of hoops, from a pretigious place of "higher learning".
The sooner they let go of these illusions the better they will be. I'm trying hard to dispel these illusions with my kids who have yet to make these kinds of choices, but it's not hard with all the constant conditioning they're subject too.
They aren't learning skills with a college degree...that is the problem. Education is key, why do you think power is shifting east? Look at the majors colleges are offering. Kids are learning algebra in high school!!!! These idiots should be going to trade schools...not college. College should be for the best/brightest. No shame in becoming a plumber, electrician, mason, bricklayer, ditch digger, etc. SOME PEOPLE ARE NOT AS SMART AS OTHERS. NOT EVERY FUCKING IDIOT KID SHOULD BE GOING TO COLLEGE.
double post.
If you're young, fuck working a straight payroll job. Learn some skills from the ground up. Stay out of the system and work for cash. Show zero to low income and starve the beast. Someone somewhere must have a phony healthcare front to aid "club members" from paying the IRS penalties. Wish I could get outa this system but I'm too old and firmly entrenched.
Just paid for a crown on a mola the other day. Nice discount for cash.
Just paid for a molar crown the other day. Paid cash for a nice discount.
Well which was it: crown on a mola or molar crown. Dammit man, clear this up.
If you're young, and have not " entered the System" , find an illegal, and copy what they do. Just Do. Not.Get.Into.The.System!
Once your in, your fucked.
Fucking Onion-like.
speaking of which, what about a Zero Hedge/The Onion combo platter website?
Mr. Banzai routinely kills it here.
Many of the stories would simply be straight reporting, of course.
#shitFOMCmemberssay
AKA, the FSA.
/obvious
It does sound a bit like "LET THEM EAT CAKE!"
I wonder what happens next...
True, Whites don't want to work...that is why America needs immigrants from Third World. As Mitch McConnell's Chi-Com wife who was Labor Secy under Jorge Bush put it:
"Whites STINK, smell bad, they are terrible workers"
Vermont Senator BERNIE SANDERS (Brooklyn NYC Jew):Illegals should benefit from Obamacare
Jobs Up ONLY For IMMIGRANTS; Down 262,000 For 'Native-Borns'
ALL job growth since 2000 was taken by immigrants:
http://cis.org/all-employment-growth-since-2000-went-to-immigrants
H-1B Incompetence
American tech employees forced to train H-1B replacements
California imports foreign guest workers to process unemployment claims
A U.S. visa allows people to come to the country for high-tech jobs. Feb. 24, 2015 News10/KXTV
http://washtech.org/news/industry/display.php?ID_Content=5363
Another tech-worker, Diane Drozdowski, was forced out of her job at American Express in Phoenix, AZ. After her manager used "bully tactics and psychological warfare" to try to get her to quit, resulting in a mental breakdown, she was replaced by two Indian workers based in India. American Express flew these Indian workers to Phoenix and forced her to train them, upon threat of losing her severance pay.
from your own link:
"Aides later said that Sanders believes that in certain cases, undocumented immigrants should be able to purchase health insurance through the exchanges set up under Obamacare, using their own money. The senator has not advocated allowing the undocumented immigrants to receive federal subsidies, his aides said."
Sanders is the least worst option in this race.
Of course, if elections mattered...
"Aides later said that Sanders believes"
This is called DAMAGE CONTROL
Audit: Obamacare did not verify citizenship status
I deal with construction companies who cannot get people on payroll for $15-20 an hour kicking a shovel; zero qualifications needed. Just for fun, some foremen go and ask Fast Food workers if they would like to instantly double their salaries and then place bets on if they will ever come back after their first day (95% do not). You ever see a modern US born 20-year-old try and dig a 5-foot hole in the sun?
Bwahahahahaha!!!
We are so fucked.
Stop giving out tons of free shit and people will work their asses off. Used to be: if you don't work, you don't eat. Now: if you don't work, you'll eat better than most of those who do.
That's what day laborers are for...
You have a point. I had to hire some guys to re-do my roof last fall. My mistake -- I hired good white American boys. They demanded eight hours' pay for maybe five hours of work each, and I still had to get up on the roof first thing in the morning and shovel shingles myself, to shame them into getting to work at all. I was worth any two of those thirty-something, six-foot tall all-American guys, all 4'11" fat, female, and over 50 of me. The only reason I didn't get Mexicans was frankly that I don't speak very good Spanish. Before it happens again, I will. Or I will figure out a way to do all the work myself, without those nice white boys who laughed and told me that if I wanted somebody to actually WORK, I needed to hire Mexicans. But I won't try to hire white men again.
*I* can dig a five-foot hole with a plain shovel in the sun in hardpan clay soil mixed with gravel. And I call it GARDENING. But as I said, I'm getting on toward 60.
That's right Salsa, because $20.00 an hour to a Legal Native Born USA Citizen equates to about $12.00 an hour take home. If you are lucky.
For an illegall, it's ......$20.00 fucking dollars!
Citizen, 40 hours hard work, $480.00
Illegal invader, 40 hours hard work, $800.00
Starting to get the picture?
Nobody hires illegals anymore, the penalties are to extreme. The recent relaxed immigration legislation, particularly the DREAM act in Ca, has meant that the bulk of the laborers coming from South of the Border are actually processed and all pass E-Verify; this is nothing like that last episode in the 1980's. Most the laborers you think are "illegal" are in fact paying taxes on their checks and are paid (and TAXED) directly on the same payroll services US citizens use. Why do you think the government has been making it so easy to get them in the system? If you have every hired anybody and put them on a payroll service you would know this.
For people used to making $1.50 a day, $12/hr is fantastic.
I'm in the construction industry.
You don't know what your talking about.
The government is just not checking.
No taxes.
i would rather have a $1.50 in quintana roo than $12 in Texas any day.
or, or... maybe just maybe..... Hiring an illegal mexican for half the cost is easier when employers know the authories will DO NOTHING about it. Go to construction site and see how many illegals you can count. Those USED TO BE the type of jobs guys could support a family with...now not soo much. Go to SillyCon valley and behold the 1000's of programmers imported from India and Pakistan. Go to job fair at Macdonalds and see all the people with degrees applying to be McManagers. Hope this fucking douche gets rectal cancer.
My brother is finishing a doctorate, applied for a position that had over 600 other applicants. Another guy I know is slinging coffee with his newly minted chemistry PhD while looking stateside for something in his field; earlier he learned German just to take a temporary job overseas. Reminds me of the early nineties when half the cabs in Boston seemed to be driven by post-grad engineers. #brainglut
Hey there! I got rectal cancer but got cured. There was a fringe benefit in that I got free prostate massages.
Atlanta FED: EABOD!
EOM
t'aint that "Occupy Wall Street" thing that they should be a'frettin about.
'tis this new "Opt Out Movement"
what was it they hurled at us in the 60s? - looks like they finally tuned in, turned on and now they're droppin out.
g'bye
What? A job? In many cases getting a job is the same as taking a pay cut. Especially after income taxes, FICA taxes, MediCare taxes. transportation expenses, and maybe child care costs.
No wonder it PAYS to be on welfare when getting SNAP, housing assistance, free child care, free school lunches, free "Obama phone", free... free... free - - - - and non-taxable while still getting an income tax refund for taxes you never paid.
what took ya so long, the new USSA dream
Americans don't want to be bartenders and waitresses? Insolent damn peasants! We'll show you by pumping some stawks! HA!
I'd root for self employment, cash only please! Fuck the IRS.
F, now I'm tracked
Listen up Z/Hers, if you want a JOB, or CAREER, you have to TAKE ONE from some old fuck like I did. Since I appropriated ex-FED Chairman Alan Greenspan's career by appropriating his MOJO, I have been working FULL TIME 365/24/7. The pay is not that great right now, but after I fully dispense with the ruling classless kleptocrats, I will move into the White House, and I will paint the town red with the blood of patriots & tyrants. And, in the process,
I will remove all their wealth transfer, gold, art, precious metals, from their greedy clutching grubby hands to accrue some PROFIT just like they did for the last half century.
Note: Be an Apex Predator like they were!
Sure, go for it. More power to ya. Just don't mess with the Witch's Cat, capiche? Some carnivores are content with small prey . . . until you cross the line, and find out what it feels like to have knuckle-mounted razor blades wrapped around your throat.
I'm a cat person, but all must be WARNED that I make the Prince of Darkness look like sweetness & light. In brief, I eat thugs for breakfast.
where did you get your soul removed? I need to do that in the new year
Just join the Anglican Church, but don't forget to read the Bible front-to-back before hand. And I didn't get my soul removed cuz I actually believe in God. I just realized that I had to be thousands of times more wicked than The Prince of Darkness in order to kick the motherfucker's ass back into the dark ages!
When 911 manifested I decided to reverse engineer America, & Wall Street. The Prince of Darkness has never been the same since.
:|
i , like you am a socialized psychopath so I sort of get what you have done there...
When I viewed the molten steel dripping from the World Trade Center I immediately knew that that was impossible without nano-thermite, but I also knew that controlled demolition teams had prepped the buildings because I had Remote Viewed them a few weeks prior to the event. Further, I realized what the Council on Foreign Relations was up to at that juncture because I had Remote Viewed a number of key politicians planning these events. After careful consideration I realized that there were few if any individuals in the world that could put a stop to their antics without reverse engineering what they were doing. What prompted me to take action was the fact that the top echelons of power in the world did not care about the human beings they had so callously destroyed. Their complete lack of empathy, and sociopathy/psychopathy, struck me as being extremely calculated and cold hearted. At that point I realized that there was likely only one individual in the entire world that could fix their collective wagons before they murdered more innocent human beings. It is unfortunate that I have had to subject myself to this kind of debased level of inhumanity, but someone had to do it, and I am not one to sit around and wait for others to rise up to victimizers, bullies, and organized sociopaths.
I am a highly empathic individual, and I deeply care for human beings unlike real psychopaths/sociopaths. I am formally educated in terms of psychopathology/Personality Theory, et cetera, and I know who I am dealing with when we view the CFR/MIC/Israel lobby bureaucrats.
Sometimes the best way to fight fire is with fire. The same applies with psychopaths/sociopaths. cheers & thanks for the note of understanding, apocalypticbrother.
what are you guys talking about? If that's not hyperbole I don't know what is. The number theyre talking about isnt 100 million. Its the 2.4% below the pre-recession average. A small fraction of the 100 Million.
"And there you have it: there are nearly 100 million working-age Americans who could be in the labor force, but are not "mostly" because they don't want a job."
I have been unemployed for 10 years. I, like Cousin Eddie, have been holding out for a management position. I, like Cousin Eddie, have also read that squirrels are high in cholesterol.
Like Cousin Eddie, you are welcome to become a Canadian citizen anytime you want, buzzsaw99.
Just tell the Government of CANADA that MASTER OF UNIVERSE said it was okay!
Nothing can stop them from saying such things...as long as they can run really, really fast.
Perhaps they should have said: "I don't want a shitty job making nits for pay, where the bosses shove you around like they own you and demand the right to dictate how you dress, how you talk, what you drink, and what kind of jokes you make on your OWN TIME in your OWN SPACE with your OWN FRIENDS." Perhaps they should have said, "I'd really LIKE a decent job where I could make enough to rent an apartment and eat something other than cardboard "burgers" and maybe even pay for the music I want to listen to, but there aren't any jobs like that around, despite my four years of college in computer sciences with good grades. So for now, I can make it better by hacking, or selling drugs, or selling my body, none of which officially constitutes a "job"."
Because they're all getting such high interest in their savings!
MORE FREE SHIT!!!!
Are people living on the street because they don't want a house?
Just like the current position of the US Admin in Syrac, where they want to be enemies of Isis, all the while they are "friends" of Al Qaeda elements and its paymasters, the current Oligarchy is caught between a rock and a hard place on more fronts than the fake PROXY war in Syrac :
Why ? Because its a repeat hubristic mindset, like a serial killer's bloody trail, living in an ivory tower where no feed back filters in. Its called paranoia.
TO understand that we have to remember the current capitalist mantra, straight out of Friedmanite doctrine that inspired Reaganomics, which decreed; as of 1981 : that the ONLY purpose of a Corporation was to MAXIMISE the shareholder's value and NOTHING else.
As we went down this road, hurtling like a Olympic bobsleigh without any brakes, we forgot about the working man, the small entrepreneur, the middle class and the common working man in the nation state of Empire. Those whom "we the happy few" are supposed to represent, the salt, the bedrock of our nation state.
The financial elites were only interested in M&A financially leveraged deals to cut and paste Corporations in order to MAXIMISE shareholder value, even if it meant losing the business model of R&D, social harmony and people's motivation, that assured the FUTURE. The short term financial gain nullified all other considerations.
We were bound to the DJIA stock index like a junkie is to white powder delivery on a daily basis. Reaganomics had made Capitalism a financialzed CASINO !
So to now proclaim in a forever reinvented new sleight of hand, signature of an Oligarchy elite that has nothing but avarice and deniability to feed its delusional hubris--after 30 years down the road to perdition all for this false mantra-- and inspite of the fact that the Lehman's demise has blown sky high the tinsel curtain of this neo-liberal hype of dimensions never seen in the annals of Man-- we now blame precisely those whose EyES the Oligarchs have torn out and whom they now scorn for being BLIND, for not contributing to allay the lack of growth we perceive in the economy.
Machivellian reasoning that will come back to bite them.
Just like the victims of Pax Americana's support of Wahhabism and its lethal legacy all imposed like a regional plague for Oil, the same Oligarchy now supports the "shareholder maximisation" mantra like they are doing God's work at home, irrespective of consequences.
When the empire of "exceptionalism", on which the sun is never supposed to set finds itself in the twilight zone...we reap what our Oligarchical lords have sown all over the globe.
How about the fact that so many "jobs" these days are part time, minimum wage jobs that expect you to be "on call", making it impossible to even attempt to make a living wage with two part time jobs? Unless you want to work two shifts, and somehow try to grab 8 hours of sleep. Even then, working your ass off at minimum wage, you most likely won't be making a living wage, or have anything leftover after you pay the rent, loans, car payments, food, medical expenses, etc.
eyes donost nead twerk foolzs, yez werks fer mi aceoles. Obammmie 2016
Its not that thew assholes don't want a job, its that the assholes don't listen and cant even make a fuck'en coffee right.
eyes donst nead tawerks, uh aholes werks 4 mi,so stfu & werks hard fer mi twerps. Obammie 2016 yeah
More outrage and helplessness.
Keep it coming.
Tar and Feather
I don't want a job because Mom, Pops, and .gov do a great job taking care of me ... they even wash my clothes ... maybe on my 40th birthday I'll start looking
The United States of Lebowski.
I have a job, but it's a black market job. And no, I don't collect a dime in government 'benefits'. I refuse to be a statistic.
>because they don't want a job.
Righto. There is a job I don't want.
IOW, too many have gone Galt.
The background should be the "Milkem Institute"!
the issue is the inability of .gov and wall street to maintain the charade that it loves you and you are not just a cheap slut that needs a good fucking.
#Giveyourbloodtobillionaires
#Giveyourbloodtobillionairesifyouhavehepchivsyphilisbubonicplagueebolasarsrabies
To work is to submit to governments taking well over 50% of your efforts. Why submit to that? And of course the more these parasites drive people from the workforce, the faster their dive into the unaccounted economy will become.
When I started my career 50+ years ago, 1/4 of my efforts went to government and about 1/4 the people were dependent on government. At the end of my career, both those ratios were well over 1/2 and increasing exponentially.
The solution is to force governments everywhere to be smaller ... a lot smaller ... and quickly. Of course that won't happen with over 1/2 in favor of bigger government. Thus, the parasites "will" kill their host ... and themselves.
What did they say in Vietnam? We had to destroy the village to save it. Well, we have to destroy governments everywhere to save them.
Grow some balls and stop giving to the dirty, filthy, fraudulant fucks in DC.
See? Do you now see?
Everything we have ever known from birth was a monstrous lie of filthy proportions that we are all about to learn, big style, with no lubrication.
Now on that hand, can you imagine the sheer amount of folk, and most of the people I know are well aware of this fraud of a life we live, they understand this. Can you just sit back and imagine, especially here where I am, just what is going to go down when the fucking shit hits the fan?
Mr Obama, Mr Cameron, Mr Hollande, the whole fucking lot of you, I must have been born for this moment in time for the difficulty yous collective cunts have caused me. I am not a violent person in the slightest, and I aint suicidal (Now on record at ZH in case mixy goes missing), but I will tell you one thing.
I would personally skin you cunts alive, I would do things to you that only my mind could imagine for the pain and suffering you cause to the people you are meant to represent. I would keep you alive for as long as your body could hold owt for at the same time, and I would sleep sound at night knowing I did something to correct a wrong you utter cunts pursue.
Know that NSA, GCHQ. What a time to be alive, to know, all of it. And know you cunts aint getting away with it.
Cunts, shitting themselves cunts. We are coming boys, bank on it.......
;-)
At times like this I am just glad I do not work for the elites or government in any way. Payback is going to be a bitch, so grab one of the last cans of coke, popcorn and a hillside to sit on and watch this shit go down.
Now all the lies over who is supporting ISIL is getting revealed, all the economic bullshit, struggling now comparing points what goes first.
Do we have a limited nuclear war, or all in or else do countries collapse into chaos on economic terms only because as we hit the brink in 2008 I could feel a chill well that chill is back.
GreatUncle,
The one thing they never banked on was that we would we ever know just what they were doing.
Now they do.
Best of luck mate, we are all going to need it....
;-)
Communications technology is a real game changer. The genie can't be put in the bottle and they know it. So, they are trying to control the narrative where they can and drown the truth in a sea of disinformation. Won't work. It will just piss people off worse when shit hits the fan.
I can smell their desperation now. Obama's speech just an hour ago was outright pathetic. I could barely listen to it. At the same time, it had frightening undertones. These bastards are going to drag us to hell before they back down. That is for certain.
I hear you Mix.
Welfare or not does not fucking matter ... what matters is the number of work hours globally is contracting.
Now go ask 100K Chinese coal workers the lazy fucks with no job what they think ...
Welfare and like todays jobs report, them jobs are vanishing ... bullshit time is over or soon will be after this Xmas as each December leads into the next year with not enough trade you get found out. Can a business last another year?
Well they have done 8 of these lean years back to back and it is not getting any better for many.
The elite is ridiculous whatever the country. Here in France, one moment they explain the high rate of unemployment by several bullshits:
- young people don't know how to write a CV
- when they are interviewed, they went there with reversed hat like the hip/hop style
- they speak a bad language like in they are in the road...
They have stopped to say those shitty reasons because even a five years old kid cannot trust that.
Anyway, like we say here in France: "les cons ça ose tout . c'est d'ailleurs à ça qu'on les reconnait !" (Idiots dare everything. This is also how they are easily identified)
Scary. Out of 321M Americans, only 34% are financially supporting the entire country!
Work baby work ... I thank you
We have some charts to disclose Bear?
You're obviously not in Chile? Mr. Coleman is lost in banking translation.
Yes, bear, I'm one of the 5 % of curreny traders that makes some money. It ain't Tri<>X
Homework Bitchez.
Yes.
Of course, anybody who dares point that out is immediately called a sexist, a racist, a fascist, or all three.
Well, technically you could add the Fed to that 34%.... Even if their 'money' is created on a keyboard!
A rare 'truth' from the government, in defiance of the retiring boomer mantra. Now if only Congress would hear about this and figure out WHY these folks do not want a job, and why Congress is letting them not work.
Actually, the current labour participation rate among 25-54's is comparable to the mid 1980's.
For 55's and over it's comparable to the 1960's.
The real split isn't by age group. You know whose rate has been dropping like a rock since the Second World War, with no end in sight?
That's right---men, black and white both, who've been systematically driven out by their less rebellious and more conscientious sisters from the jobs our masters couldn't outsource or automate. All 2008 did was accelerate white men's departure from the (formal) labour force.
People have only started paying attention because the system post-2008 has begun to run out of cushy non-jobs even for wannabe Carly Fiorinas, Hillary Clintons and Janet Yellens. Labor force participation rates for white women over 20 peaked only in 2009. (It had peaked for their black sisters in 1999.)
Even our masters (and their immediate underlings in the ten per cent) have begun to wonder if their princesses will ever grow up and marry into a "good" family, or find jobs somewhere where they can find men from "good" families. Gap year is one thing. A gap decade isn't a joke even for them.
Rent for a decent place is averaging over $1000 a month almost everywhere in America. In the big cities it is higher.
I am living in what I consider a shit town in Massachusetts and a 400sq ft studio apartment in a 150 year old building is renting for $700 a month.
Most of the job prospects pay $20 a hour and below. After taxes you take home around $2200 a month on a $20 an hour full time job. If your shit apartment costs $1000 a month you are using almost half your income on housing. Utilities have been skyrocketing to an average over $200 a month. Most likely you'll have at least $300 a month in student loan payments. Food, if you eat light, is going to be $500 a month minimum.
You are already at $2000 a month without paying for a car, gasoline, cell phone, entertainment, or anything else. THIS IS IF YOU ARE SINGLE. Imagine if you were trying to have a family.
So you're living paycheck to paycheck in a shit apartment with no car, no social life, and nothing to do other than your most probable shit job.
Who would actually want to work with that kind of life prospect?
$500/month for food. Did the price of Rahmen noodles skyrocket?
You nailed it. Once you pay all the rent-seeking aristocrats and monopolies (land, cable/internet, car+gas, utilities, the money lenders), there is nothing left.
In So. Cal., Orange County area, moving in to a new one bedroom apt. will cost you an average of between $1,200-$1,600, depending on where you try to live. That is the average, mind you.
Gasoline, right now is about $3.00/gallon for regular.
Car insurance is all over the place for full coverage depending on the company and where you live, but it is high.
Average fast food meal for an average person is about $6-$8. Sit down meal at an average ma and pa restaurant, without booze is about $12-$16.
Prime time movie theaters charge $12.00-$15.00 on average to watch a show.
Don't even get me started on what a day at Dismal Land will cost for a family of four.
Competition in the restaurant industry is fierce. I watch them open and close all over the place.
Lots of high income folks live in the O.C. Just look at all the boats in Laguna, Newport, Huntington, Long beach, etc. Those folks have done something right for a long time, whether you or I like it or not.
So what's a mother to do?
Be smart and work long and hard. Save what you can. PMs are a must for future survival. Cold steel and copper coated lead, also a must for future planning. A few good like minded friends can be invaluable when the going gets a little tougher. Stay as private and off the radar as you can. And for me, trust that the Lord has prepared you "for such a time as this."
Cook your own food, save a fortune and be healthier in the process
Believe me, the alternative (not working) is even worse if you don't have a pile of savings. Being an unemployed adult and being treated like a loser by the parents you're crashing with (who are far less willing to provide an "allowance") can poison your soul.
If you want to see an out of touch arse hole - don't look between your legs; look at mr Grotesque
finally, it took millinials, 16-18yrs. of govt. schooling behind them to get out in the real world, and pawn thier participation metal.
take that $ 20.00, buy a 12 pack, sit down with your father, and grand-father, and listen, and learn, have your father buy the next 12 pack, your going to need it when you learn this has all been planned.
How do we cross reference how many of these "I don't want a job" people are collecting funds from the government via safety net programs?
BINGO - Give this poster a Havana Cigar.
double entry
In order to have a job, most people need to have transportation, which is impossible if you have no money. And most people collecting SNAP from the government have jobs, just crappy ones that don't pay a living wage. The only other benefit, TANF, is temporary assistance for people with dependants. You are expected to be looking for or training for a job, and are expected to find one within 24 months or lose the $300-$400 a month in benefits.
I'll be happy to buy into the argument from the Atlanta Fed .... their words in ZH ...
"And there you have it: there are nearly 100 million working-age Americans who could be in the labor force, but are not "mostly" because they don't want a job. "
BUT ONLY WHEN THE FED SHOWS ME 100 MILLION JOB OPENINGS POSTED IN AMERCA"S NEWSPAPERS!!!
Because if they're arguing that people aren't working but the jobs are available - then show me the 100 million job postings.
Talk about disingenuous comments from policy makers ... this one is near the top.
If that 2 per cent say they don't want a job, we should take them at their word. All the driving forces you mention are important, but don't negate what survey respondents themselves actually said.
"don't negate what survey respondents themselves actually said."
Then perhaps the peice should have started out with "They dont want a job at McD's or wally world". Instead of simply that they dont want a job.
I didn't see when gold was the reserve currency...I think the chart is a bit off...only the USA has a fiat reserve currency...before that...GOLD...and within 10 years...when the final battles are waged...it will be again...as this game of devalue race to the bottom is going to end very badly...possibly with simultaneously civil wars
Maybe - just maybe - the 94 million are onto something really brilliant and the rest of us are just pathetically stupid. It would probably pay all of us to rethink this whole thing.
probably, but it's not like many people here have any alternative options anyway..
die in a gutter or work whatever job presents itself, no one else is going to help me out.
House flipping, blogging, winning on Fan Duel and hanging out at Starbucks. full time occupations of the Millenials
Illegal immigration is keeping wages down ...if wages were up, maybe more people would come out and work...
that would be a market force at work..higher wages buys more workers.
BUT....illegals have held down wages and taken jobs...and beat down inflation and thus prompts the FED to keep rates near zero...
Illegals...are the problem in many areas.
BTW, the image of Paulson makes me barf...
get over it you dumb fuck. were in deep because we run a fractional reserve government mandated ponzi scheme. it wouldnt make a flying fuck who the workers are the result will always be the same. get a fucking clue
you should just raise the social benefits so high that everyone can buy tesla... or perhaps tesla stamps
Didn't all those countries on the bottom five of the list of reserve currency holders provide the group of slackers that migrated to the US?
Can anyone rationally explain why the US people stand for this shit and don't start building their own ovens? Where is the spirit of Teddy Roosevelt?
Nature, pot, 3 squares and a cot. Life is good you working stiff suckers!
Why on earth would the free Shit Army want a job? I agree with the FED on this one....America is teeming with lazy blacks and freeloading whetbax, plus we have an ever increasing population of deadbeat wiggers.
So take away the free already then motherfucker!!!!
Stop being such a pussy you dumb fuck!!!
I know a lot of paper-pushers that say the same thing. Cannot wait to see these fucks try to feed themselves when no one wants any of that paper!!!
But, but, but Yahoo says that "The economy is stronger than weak job numbers suggest."
http://finance.yahoo.com/news/the-economy-is-stronger-than-weak-job-numb...
yahoo, obola butt lickers, enough said
Guillotine construction has increased...
Who ever thinks that the economic problems the USA and the world facing now is all about the goverment giving free stuff to the people is total stupid. The main reason for this economic mess is never ending greed of the elite and the globalists. Without the goverment welfare programs there would be already some serious BLOOD on the streets. god sake people dont try to act like we are living in a somekind of strong economic times.
Dude, it's the fucking government. They ARE the elite and the globalists.
Bought and paid for. Same team.
What free stuff? You mean the $133 in SNAP poor people get to guy food? Try living poor and see how it feels.
Reposting here because this man has spent tireless hours doing this outstanding work on his own time. Must see:
Who's blowtorching American jobs?https://www.youtube.com/watch?v=SfTfsWhZi5E
Published on Feb 25, 2015
The first episode of BestEvidence goes to the root of what’s happening to American jobs.
It examines the U.S. labor force participation rate going back to the first days of the Eisenhouser Administration (January 1953). After the rate stabilizes in the early 1960s, three distinct periods of time are clear by inspection.
For each period, BestEvidence breaks down the rate into its constituent parts—the labor force itself and the working age population from which it’s drawn (see below)—and looks at their respective changes.
The third and current period is a bloodbath.
BestEvidence discovers and presents here a stunning inverse correlation between the labor force participation rate and the U.S. monetary base starting in October 2008—exactly when the labor force participation rate entered a swan dive and the monetary base exploded.
This is no accident.
The episode concludes with a few words on the direction of BestEvidence, as well as the show's format.
=========
Ben Bernanke's Sovereign Deception
https://www.youtube.com/watch?v=RmPUKy-3OfY
==========
Fed Audit Shocker: They Come from Planet Klepto
https://www.youtube.com/watch?v=jt377DV2BKs
Everyone needs to watch all three of those videos.
As far as I'm concerned you can repost them every day.
AWESOME SHIT! Added BestEvidence to my favorites...