Note: I’m here in San Diego County in my new/old 39 foot Chevy Motorhome. I can’t get a signal for my Verizon LG smartphone (I’ll be taking a spin in my Ford Explorer in search of a signal; my VOIP phone, magicjack requiring a broadband connection, is currently not up except for voicemail). The radio reception is also limited which led me to ‘sample’ some limited AM offerings which included shallow sean hannity the hallmark of insanity, and ‘rush revere’ [limbaugh… he’s totally burned out (the consequence of his being ‘tired of carrying the water for the republican party’? - his own words), relegated now to authoring children’s illustrated books of a simplistic nature]. Shallow sean’s latest ‘crusade’ (beyond the same note/key obvious debacle of wobamacare) was defense of the indefensible mobster but friend of sean’s, donald trump (trump should be in jail). In defense of t_rump, he offers up the itsy-bitsy, teeny weeny wohlman skating rink project as evidence of t_rump’s contribution to NYC (too small for high new york priority given the magnitude of New York substantial problems, some largely the result of trumpish tastes, ie., solid gold trump tower fixtures, etc., that trump’s ‘pre-packaged bankrupcies’ seem to fail to touch, and which extravagance must be paid for by someone, but not him). Shallow sean’s excoriation of new york city never seems to link the obviousness of t_rump’s grandstanding responsibility for same. After all, someone ultimately has to pay for trump’s disproportionate non-value-added livin’ large. No talk of trump’s ingratiating bribe strategy for protection ( ie., retainer’s to law firms linked to state attorney generals, viz., {kimmelman} wolf and sampson, chris droney’s brother, his sister’s protection/corruption and quid pro quo from the federal bench, etc., and as well, protection of drug-money laundering through his now nominal only casinos … See, ie., http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf  http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm  http://albertpeia.com/fbimartinezcongallard.htm  .  Trump’s a fraud! I won’t be listening to ‘rush revere’ or shallow sean prospectively. They’re a waste of time and preposterous given their unbridled support of war criminals bush, cheney, etc., and the failed debacles they created, etc……

 

 

 

10 Facts About The Growing Unemployment Crisis In America That Will Blow Your Mind

By Michael Snyder, on November 10th, 2013

 

 

UnemploymentDid you know that there are more than 102 million working age Americans that do not have a job?  Yes, I know that number sounds absolutely crazy, but it is true.  Right now, there are more than 11 million Americans that are considered to be "officially unemployed", and there are more than 91 million Americans that are not employed and that are considered to be "not in the labor force".  When you add those two numbers together, the total is more than 102 million.  Overall, the number of working age Americans that do not have a job has increased by about 27 million since the year 2000.  But aren't things getting better?  After all, the mainstream media is full of headlines about how "good" the jobs numbers for October were.  Sadly, the truth is that the mainstream media is not being straight with the American people.  As you will see below, we are in the midst of a long-term unemployment crisis in America, and things got even worse last month.

In this day and age, it is absolutely imperative that people start thinking for themselves.  Just because the media tells you that something is true does not mean that it actually is.  If unemployment was actually going down, the percentage of the working age population that has a job should actually be going up.  As you are about to see, that is simply not the case.  The following are 10 facts about the growing unemployment crisis in America that will blow your mind...

#1 The percentage of working age Americans with a job fell to 58.3 percent in October.  The lowest that number has been at any point since the year 2000 is 58.2 percent.  In other words, there has been absolutely no "jobs recovery".  During the last recession, the civilian employment-population ratio dropped from about 63 percent to below 59 percent and it has stayed there for 50 months in a row.  Will the percentage of working age Americans with a job soon drop below the 58 percent mark?...

Employment-Population Ratio November 2013

#2 The U.S. economy lost 623,000 full-time jobs last month.  But we are being told to believe that the economy is actually getting "better".

#3 The number of American women with a job fell by 357,000 during the month of October.

#4 The average duration of unemployment in October 2013 was nearly three times as long as it was in October 2000.

#5 The number of Americans "not in the labor force" increased by an astounding 932,000 during October.  In other words, the Obama administration would have us believe that nearly a million people "disappeared" from the U.S. labor force in a single month.

#6 The number of Americans "not in the labor force" has grown by more than 11 million since Barack Obama first entered the White House.

#7 In October, the U.S. labor force participation rate fell from 63.2 percent to 62.8 percent.  It is now the lowest that it has been since 1978.  Below is a chart which shows how the labor force participation rate has been steadily declining since the year 2000.  How can the economy be "healthy" if the percentage of Americans that are participating in the labor force is continually declining?...

Labor Force Participation Rate

#8 If the labor force participation rate was still at the same level it was at when Barack Obama was elected in 2008, the official unemployment rate would be about 11 percent right now.

#9 Even if you are working, that does not mean that you are able to take care of yourself and your family without any help.  In fact, approximately one out of every four part-time workers in America is living below the poverty line.

#10 In January 2000, there were 75 million working age Americans that did not have a job.  Today, there are 102 million working age Americans that do not have a job.

So what are our politicians doing to fix this?

Shouldn't they be working night and day to solve this crisis?

After all, Barack Obama once made the following promise to the American people...

"But I want you all to know, I will not rest until anybody who's looking for a job can find one -- and I'm not talking about just any job, but good jobs that give every American decent wages and decent benefits and a fair shot at the American Dream."

Unfortunately, things have not improved since Obama made that promise, but he has found the time to play 150 rounds of golf since he has been president.

Meanwhile, because there aren't enough jobs, the number of Americans living in poverty continues to grow.

As I wrote about the other day, according to new numbers that were just released an all-time high 49.7 million Americans are living in poverty.

And right now 1.2 million public school students in the United States are homeless.  For many more statistics like this, please see my previous article entitled "29 Incredible Facts Which Prove That Poverty In America Is Absolutely Exploding".

The only thing that most Americans have to offer in the marketplace is their labor.  If they can't find a job, they don't have any other way to take care of themselves and their families.

The future of the middle class in America depends upon the creation of good jobs.  It really doesn't matter how far the quantitative easing that the Federal Reserve has been doing pumps up the current stock market bubble.  The American people were told that "economic stimulus" was the reason for doing all of this reckless money printing, but the percentage of working age Americans with a job is now actually lower than it was four years ago.  Quantitative easing has been a complete and total failure in the job creation department, and it is doing a tremendous amount of long-term damage to our financial system.

The really frightening thing is that the Federal Reserve and the federal government have supposedly been doing all they can to try to "create jobs" and they have utterly failed.  In fact, this is the first time in the post-World War II era that we have not seen an employment recovery following a recession.

And now the next wave of the economic collapse is rapidly approaching.  What that hits us, millions more Americans will lose their jobs.

So the truth is that this is just the beginning of the unemployment crisis in America.

Yes, things are bad now, but soon they will get much worse.

 

 

We’re In The Most Dangerous Moment Since the Cuban Missile Crisis

George Washington

11/08/2013 - 13:16

If Anything Goes Wrong,  the Whole World Could Be Affected For a Long Time

Once Again, Retail Investors Are Piling Into a Bubble Near the Top

Ten Macro Thoughts for the Week Ahead

 

 

The United States Of Hypocrisy (In One Cartoon)

...because it's always what's not said that matters...

 

 

The Biggest Difference Between QE3 And QE2

... And why does the Fed, with $1.3 trillion in cash parked at foreign commercial banks or more than half of the reserves created under QE1, 2 and 3, continue to bail out non-American banks?

 

 

Ray Dalio's Bridgewater On The Fed's Dilemma: "We're Worried That There's No Gas Left In The QE Tank"

"The Fed's real dilemma is that its policy is creating a financial market bubble that is large relative to the pickup in the economy that it is producing," Bridgewater notes as the relationship between US equity markets and the Fed's balance sheet (here and here for example) and "disconcerting disconnects" (here and here) indicate how the Fed is "trapped." However, as the incoming Yellen faces up to her 'tough' decisions to taper or not, Ray Dalio's team is concerned about something else - "we're not worried about whether the Fed is going to hit or release the gas pedal, we're worried about whether there's much gas left in the tank and what will happen if there isn't."

 

 

There's A Liquidity Crunch Developing

This week an article in Euromoney points out that liquidity in bond markets is drying up. The blame is laid at the door of regulations designed to increase banks' capital relative to their balance sheets. Furthermore, the article informs us, new regulations restricting the gearing on repo transactions are likely to make things worse, not only reducing bond market liquidity further, but also affecting credit markets. The reason this will be so is that in a repurchase agreement a bank supplies credit to non-banks for the period of the repo. One could take another equally valid point of view: the reason for deteriorating liquidity in bond markets is due in part to yields being unnaturally low.

 

 

Veteran's Day Weekend Humor: World War I Explained On Facebook

As we remember the fallen this weekend... Prussia: Oh, f##k you France.

 

 

The Dummies' Guide To What The Jobs Report Really Means

For almost two years (most recently this week), we have been vociferously explaining the dismal fact that "quantity" of jobs in this recovery is no match for dreadful "quality" of jobs as the "born-again jobs scam" contonues to roll on. Bloomberg's Matthew Klein has decided that nine pictures are better than a thousand words as he explains (in short sentences and simple charts) what the jobs report really means...

 

Guest Post: The Subprime Final Solution

The MSM did their usual spin job on the consumer credit data released earlier this week. They reported a 5.4% increase in consumer debt outstanding to an all-time high of $3.051 trillion. In the Orwellian doublethink world we currently inhabit, the consumer taking on more debt is seen as a constructive sign. The storyline being sold by the corporate MSM propaganda machine, serving the establishment, is that consumers’ taking on debt is a sure sign of economic recovery. They must be confident about the future and rolling in dough from their new part-time jobs as Pizza Hut delivery men. Plus, they are now eligible for free healthcare, compliments of Obama, once they can log-on. Of course, buried at the bottom of the Federal Reserve press release and never mentioned on CNBC or the other dying legacy media outlets is the facts and details behind the all-time high in consumer credit. They count on the high probability the average math challenged American has no clue regarding the distinction between revolving and non-revolving credit or who controls the distribution of such credit. A shocking fact (to historically challenged government educated drones) revealed by the Federal Reserve data is that credit card debt did not exist prior to 1968. How could people live their lives without credit cards? 1968 marked a turning point for America...

 

 

As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target

Let’s use a broad guesstimate. One Bitcoin should theoretically be worth 700 ounces of gold or pretty close to $1,000,000, if we adjust existing supply of both to equal eachother. One BTC is currently worth 0.14 ounces of gold. That gives BTC an upside of 5000 times to equal the current price of gold, supply adjusted. Clearly, I and everyone else believes that Gold may well be much higher than here in the next 5 to 10 years, thus versus the US Dollar the upside for BTC could be multiples of that. Now, before you shake your head, simply go back to the chart of Gold versus the US Dollar and just recognise that it has risen 8750% since the 1920s. And just remember that Microsoft rose 61,000% from its IPO to it’s peak. Considering what we know about the world, I personally believe that Bitcoin may well explode in value as more and more people begin to use it. If you stuck $5,000 into Bitcoins and each Bitcoin did go up to a gold equivalent of let’s say, only 100 ounces of gold (not the potential fair value of 700), then at current prices your Bitcoin stash would be worth $3.3m.

 

 

Iran Nuclear Programme Deal Fails Due To French Block: New Saudi-French Alliance Emerging?

While most pragmatists knew well in advance that optimism over an Iran nuclear programme deal emerging out of Geneva was very much displaced, few anticipated what the actual reason for the failure would be. Indeed, most had expected that the staunchest opponent to the deal, Israel PM Netanyahu who moments ago appeared on Face the Nation and made his case (saying Iran would have given up "almost nothing") would have used his influence over the US as a key member of the 5+1 group of nations (US, Russia, China, France, Britain and Iran) to block any Iranian detente with the US, even though none other than John Kerry has been urging for the Iranian deal for weeks. So when news hit that it was France who had scuttled a deal with a last minute block, many were surprised.

 

 

Typhoon Death Count Surpasses 10,000; People "Walk Like Zombies Looking For Food; Martial Law Imminent

Survivors walks past uprooted palm trees after super Typhoon Haiyan battered Tacloban city, central Philippines November 9, 2013.  REUTERS-Romeo Ranoco

With over 10,000 dead in the Philippines, here is a selection of what the survivors in the aftermath of the tragic hurricane saw: "The devastation is so big."... "I don't know how to describe what I saw. It's horrific."..."People are walking like zombies looking for food," said Jenny Chu, a medical student in Leyte. "It's like a movie."..."It's like the end of the world."

 

Chris Martenson Warns "There Is Nothing More Important Than Understanding This..."

Having watched Mike Maloney's "Secrets Of Money" series (Part 1, Part 2, Part 3, and Part 4 here), Chris Martenson discusses the critical aspects of the must-watch episodes. Crucially, as we enter a period of apparent Nirvanic equity markets (and dystopian 'real' economics), Martenson's points on the "unnecessarily complex monetary system" that we have today are summed up by his statement that "there is nothing more important that understanding how our money system operates... and why it will fail us."

 

US Airspace To Crawl With 7,500 Drones In 5 Years

The chief of the Federal Aviation Administration predicted Thursday that U.S. airspace could be crowded with as many as 7,500 commercial drones within the next five years. As The Washington Times reports, Michael Huerta said his agency would set up six sites across the country to test drone operators and, in an effort to balance privacy/safety with anarchic airspace drone pollution, he added, "we must fulfill those obligations in a thoughtful, careful manner that ensures safety and promotes economic growth, " as dangerous incidents involving drones have already taken place... Although they are expected to be used for peaceful purposes such as firefighting and weather tracking - it's causing a lot of concern, as Huerta warns "we need to be responsive to public concerns about privacy."

 

 

Guest Post: Our Era’s Definitive Dynamic: Diminishing Returns

We all intuitively grasp the meaning of diminishing returns: Either it takes more effort to maintain a project’s payoff, or the payoff declines even though the effort invested remains constant. The key driver of diminishing returns is easy to understand. We naturally continue to do more of what was successful in the past. As the returns decline, we redouble our efforts, confident that what worked in the past will once again be successful if only we invest more labor, energy, and capital. However, the status quo's default diversion of 'money/credit' to support diminishing returns has two costs: the opportunity costs of what else did not get financed because available resources were poured down the rat hole of failing programs, and the largely hidden increase in systemic fragility as productive investments are starved by the diversion of resources to the rat holes of diminishing returns. This dynamic leads to the final phase of doing more of what has failed spectacularly.

 

 

The Unintended 'Economic' Consequences Of The NSA's 'Bulk' Spying

While the so-called "bulk spying" of the NSA is major privacy issue, Mises Media's Mark Thornton explains that the unintended consequences of this surveillance invasion has real economic implications...

 

 

Larry Kotlikoff Asks "Is Hyperinflation Around The Corner?

In his parting act, Federal Reserve Chairman Ben Bernanke has decided to continue printing some $85 billion per month (6% of GDP per year) and spend those dollars on government bonds and, in the process, keep interest rates low, stimulate investment, and reduce unemployment. Trouble is, interest rates have generally been rising, investment remains very low, and unemployment remains very high. As Lawrence Kotlikoff points out, echoing our perhaps more vociferous discussions, Bernanke’s dangerous policy hasn’t worked and should be ended. Since 2007 the Fed has increased the economy's basic supply of money (the monetary base) by a factor of four! That's enough to sustain, over a relatively short period of time, a four-fold increase in prices. Having prices rise that much over even three years would spell hyperinflation.

 

 

Massachusetts Moves To Inspect Gun Owners’ Homes

Kurt Nimmo | Massachusetts selectman wants cops to enter homes and search for weapons without court ordered warrant.

 

Obama threatens GOP with executive orders on ‘drawer full’ of ideas

The Washington Times | President Obama on Friday night continued throwing his entire second-term agenda against the wall to see what sticks.

 

Obama to Cantor in 2010: 8 to 9 million Americans will lose coverage

Daily Caller | President Barack Obama admitted in 2010 that 8 or 9 million Americans would lose their existing health insurance plans under Obamacare.

 

Only 5 enrollments completed in D.C. Obamacare exchange

Politico | Only five people have fully completed the enrollment process in the D.C. insurance exchange.

 

JFK was killed ‘by a mystery bullet’: Nurse who tried to save President

UK Daily Mail | Claims she saw a DIFFERENT bullet in his neck to those later shown as evidence.

 

Oliver North predicts Russians will kill Snowden: ‘He’s a dead man walking’

bizpacreview.com | Ever the crack military analyst, Lt. Col. Oliver North predicted that the Russians will kill famed National Security Agency leaker Edward Snowdenand pin the murder on the United States.

 

White House considers civilian for NSA chief

The Hill | The White House is considering whether to name a civilian to lead the National Security Agency for the first time ever.

 

Alex Jones: State of the World Broadcast

Infowars | We have received massive feedback from our listeners and viewers telling us that this was one of Alex’s best broadcasts to date.

 

Las Vegas Installs “Intellistreets” Light Fixtures Capable Of Recording Conversations

Mikael Thalen | The Public Works Department claims they have no plans to use the system’s surveillance cameras… for now.

 

Seniors lose insurance and doctors under Obamacare

Daily Caller | Overall, the Affordable Care Act slashes Medicare Advantage funding by $156 in ten years.

 

 

Vast Majority Want to Audit the Federal Reserve, Poll Shows

New American | Just one in 10 American adults is opposed to auditing the shadowy Federal Reserve.

 

Another Obamacare surprise: Major hospitals all across the country not included

Natural News | Obamacare exchanges fail to explain which hospitals are included as ‘in-network’.

 

Obamacare’s Biggest Failure So Far: Just 18% Of Uninsured Have Expressed An Interest In Enrolling

Zero Hedge | A tiny 18% of uninsured Americans – the primary target population for the exchanges – have so far attempted to even visit an exchange website.

 

Govt. Workers’ Unemployment Rate 66 Percent Better Than National Unemployment Rate

CNSNews.com | The unemployment rate increased in October compared to September, when it was 3.9 percent, but improved overall since its peak in 2013 when it stood at 5.3 percent in July.

 

Obama to Cantor in 2010: 8 to 9 million Americans will lose coverage

Daily Caller | President Barack Obama admitted in 2010 that 8 or 9 million Americans would lose their existing health insurance plans under Obamacare.

 

Obama threatens GOP with executive orders on ‘drawer full’ of ideas

The Washington Times | President Obama on Friday night continued throwing his entire second-term agenda against the wall to see what sticks.

 

Only 5 enrollments completed in D.C. Obamacare exchange

Politico | Only five people have fully completed the enrollment process in the D.C. insurance exchange.

 

JFK was killed ‘by a mystery bullet’: Nurse who tried to save President

UK Daily Mail | Claims she saw a DIFFERENT bullet in his neck to those later shown as evidence.

 

Dad Calls Cops on Son to Teach Him a Lesson, Cops Shoot Son Dead

Gawker.com | A father’s attempt to teach his son a lesson for taking his truck without permission ended in tragedy.

 

Oliver North predicts Russians will kill Snowden: ‘He’s a dead man walking’

bizpacreview.com | Ever the crack military analyst, Lt. Col. Oliver North predicted that the Russians will kill famed National Security Agency leaker Edward Snowdenand pin the murder on the United States.

 

Philippine Typhoon Death Toll Feared in Thousands

NY Times | The toll could reach 10,000 in Tacloban alone.

 

Lawmakers Push to Impeach Disgraced Attorney General Holder

New American | Fresh challenge for Holder: an effort by some GOP lawmakers to impeach him before the end of the year.

 

Saw this One Coming: Obama Admitted 8 to 9 million would lose coverage in Video from 2010

Daily Caller | Obama admitted in 2010 that 8 or 9 million Americans would lose their existing health insurance plans under Obamacare.

 

US seeks $864m from Bank of America after mortgage fraud verdict

Reuters | Government has urged bank pay damages after a federal jury found it liable for fraud over defective mortgages sold.

 

Anti-Tax Revolt Spreads in France

NewsMax | “People struggle to pay their bills at the end of the month, and now we’re going to ecotax them,” one protester claimed.

 

74% Want to Audit the Federal Reserve

Rasmussen Reports | Americans still overwhelmingly favor a public audit of the Federal Reserve.

 


Obama golfs 150th round...
Portable Zone of Secrecy...
Goodwin: NYT cheerleading harms nation...

Public revolts against Obama, DC establishment's amnesty efforts...

France blamed for blocking Iran deal...

Israel-U.S. relations frayed...

Kerry: Not 'blind' or 'stupid'...

 

UPDATE: White Republicans Wins 'Long Shot' Election After Leading Voters To Believe He's Black...

 

REPORT: 52 million Americans have lost or will lose health insurance...

'This is what betrayal looks like'...

Con Men Prey on Confusion...

Blame game as insurers dump doctors...

Obama relying more on insurers to fix site...

In N Dakota, 30 People Sign Up, 35,000 Lose...

 

THE DAY AFTER