Thursday, November 21, 2013
Wednesday, November 20, 2013
Labor Force Participation Rate
Word is finally leaking out that the Bureau of Labor Statistics fudges their unemployment data, painting a rosier employment picture than reality. It renders the U-3 unemployment rate completely meaningless and masks the truly precarious joblessness of the US.
The labor force participation rate is the true indicator of how putrid the labor economy is. It has sunk to a 35-year low. The US was embroiled in one of the worst recessionary stagflations under the Jimmy Carter presidency in 1978. The US economy wasn't growing then--and it's not growing today, despite equally rigged GDP growth data--again, released by the BLS.
Government statistics have become one big propaganda campaign of disinformation. Actual labor force participation may be even worse, as the rate is published by...you guessed it...the BLS.
The labor force participation rate is the true indicator of how putrid the labor economy is. It has sunk to a 35-year low. The US was embroiled in one of the worst recessionary stagflations under the Jimmy Carter presidency in 1978. The US economy wasn't growing then--and it's not growing today, despite equally rigged GDP growth data--again, released by the BLS.
Government statistics have become one big propaganda campaign of disinformation. Actual labor force participation may be even worse, as the rate is published by...you guessed it...the BLS.
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Labels:
Labor Force Participation Rate
US Fed to get greater powers: Bernanke
As usual, the headlines are misleading. The Fed is enacting laws--in conjunction with the International Monetary Fund--to prevent a taxpayer-funded bank bailout at the onset of the next financial crisis. It sounds reasonable and noble enough, given the plundering of tax funds to recapitalize the collapsed banking industry in 2008.
The problem is the solutions they are now proposing, but are not being reported to the masses, include bank bail-ins, which target credit holders and "investors" in the bank. In other words, they will raid customer deposits.
http://www.heraldsun.com.au/business/breaking-news/us-fed-to-get-greater-powers-bernanke/story-fni0xqe4-1226756295740
The problem is the solutions they are now proposing, but are not being reported to the masses, include bank bail-ins, which target credit holders and "investors" in the bank. In other words, they will raid customer deposits.
http://www.heraldsun.com.au/business/breaking-news/us-fed-to-get-greater-powers-bernanke/story-fni0xqe4-1226756295740
Labels:
bail-in,
bailout,
Bernanke,
Fed,
greater powers
Gold Manipulation Probed By U.K. Regulator
Every market has been rigged and manipulated. All except the precious metals sector. At least that's what the status quo wants the sheeple to believe.
http://www.zerohedge.com/news/2013-11-19/gold-manipulation-probed-uk-regulator
http://www.zerohedge.com/news/2013-11-19/gold-manipulation-probed-uk-regulator
Labels:
gold manipulation,
Probed,
U.K. Regulator
Tuesday, November 19, 2013
Ex-Fed official: 'I'm sorry for QE'
This is another example of a former government official speaking the truth only AFTER he leaves office.
http://www.cnbc.com/id/101192690
http://www.cnbc.com/id/101192690
Labels:
Ex-Fed,
I'm sorry for QE,
official
Moody’s cuts ratings of three big US banks
First the good news: tax payers will no longer be on the hook for bailing out banks in the event of a banking crisis.
Here's the bad news: depositors and credit holders will be raided in the event of a bank bail-in.
http://www.cnbc.com/id/101200595
Here's the bad news: depositors and credit holders will be raided in the event of a bank bail-in.
http://www.cnbc.com/id/101200595
Labels:
big US banks,
cuts ratings,
Moody’s,
three
Economists: Long-term joblessness is national emergency
It is not coincidental that former government workers only speak the truth AFTER they are no longer working for the government.
http://www.mcclatchydc.com/2013/04/24/189574/economists-long-term-joblessness.html
http://www.mcclatchydc.com/2013/04/24/189574/economists-long-term-joblessness.html
Labels:
economists,
joblessness,
long-term,
national emergency
Monday, November 18, 2013
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