Posted on 12/10/2013 10:41:52 AM PST by Obama_Is_Sabotaging_America
"If you repeat a lie often enough, people will believe it." Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy. They seem to believe that if they just keep telling the American people over and over that things are getting better, eventually the American people will believe that it is actually true. On Friday, it was announced that the unemployment rate had fallen to "7 percent", and the mainstream media responded with a mix of euphoria and jubilation. For example, one USA Today article declared that "with today's jobs report, one really can say that our long national post-financial crisis nightmare is over." But is that actually the truth? As you will see below, if you assume that the labor force participation rate in the U.S. is at the long-term average, the unemployment rate in the United States would actually be 11.5 percent instead of 7 percent. There has been absolutely no employment recovery. The percentage of Americans that are actually working has stayed between 58 and 59 percent for 51 months in a row. But most Americans don't understand these things and they just take whatever the mainstream media tells them as the truth.
And of course the reality of the matter is that we should have seen some sort of an economic recovery by now. Those running our system have literally been mortgaging the future in a desperate attempt to try to pump up our economic numbers. The federal government has been on the greatest debt binge in U.S. history and the Federal Reserve has been printing money like crazed lunatics. All of that "stimulus" should have had some positive short-term effects on the economy.
(Excerpt) Read more at theeconomiccollapseblog.com ...
And then there's also THIS chart which shows that the current Dow Jones Industrial Average (DJIA) is trending nearly the identical path leading up to the stock market crash of 1929 and the Great Depression:
Source: Ghost Of 1929 Re-Appears - Pay Attention To The Signals
I don’t think we can have a stock market cash like 1929 anymore. They quit trading when it gets to a certain number. They learned their lessons big time. 1987 is probably the last time we will see a major fall again. We were hit twice in the history of the Stock Market and probably won’t see it again at least not in the same manner.
As long as the collapse is while this POS is still in office...
Agreed that it won't happen in the same way, but the DJIA chart is a good indicator of when to sell off. The article's charts plus the DJIA chart are ominous signs; not one shred of good news in any of it. In other news, precious metals have started their move upward, however..
Just great.
Full implementation of Marxist regimes requires that small businesses be killed off. We’re in the midst of this now, with 0bamacare the leading force in accomplishing just that. There is a systematic ‘small business kill off’ in effect as we speak. Every move King Barry makes is aimed at distressing small businesses. More should be made of this and I have no idea why no one is screaming about this other than Ted Cruz, Sarah Palin, Limbaugh and a few others. Distressing.
There are one million less people working today than there were the day Obama took office. And the US population has increased by 12 million over that span.
The Deflection Propaganda today is “the crisis is over.” And we we’re supposedly in “recovery” since 2008. In reality the 2008 “bialout” did not MATERIALIZE. (Did not “happen.”)
Instead all caught in the multi-leverage scam, using Federal ties, have been benefiting from continuing QEs. It is no coincidence that the chatter is now that the Tapering is soon to begin at the same time disguised investment companies under “insurance” clothes, are shafting by force of the next scam, Extortion-Care.
The plan, as I’ve said for years, is Work (Concentration) Camp to pay off rent....no ownership.
“If you repeat a lie often enough, people will believe it.”
This from the site entitled “The Economic Collapse Blog”.
;-)
There are 5 MILLION FEWER FULL TIME WORKERS today than there were the day 0bama took office.
On the positive, “One hand washes the other” (in this case one dirty hand, dirty’s the other), will not be sustained, as consumers are forced to consolidate further, pitting big business durable good and auto manufacturers vs. the QE scammers of Extortion-Care.
I’m not buying the economic bad news story.
Not when the USA has been adding 1 million barrels@ day in oil production for the last three years —and is on course to add another 1 million barrels@day for each of 2014 and 2015.
Further to extract the oil companies are investing 199 billion dollars in 2014 alone.
Then there’s the 100 billion worth of industrial investment that is occuring in the USA because of low natural gas prices.
This guarantees at least 2% growth no matter what kind of asinine thing the obama people do short of shutting down the whole oil business.
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