Posted on 03/04/2011 5:49:08 AM PST by TSgt
Technically and Ethically, we already ARE in a recession.
The numbers would be much much worse if the FED and Treasury were not creating money out of thin air and pumping it into the markets. (QE-1&2) Interest rates should have started rising in late 2007, to stave of inflation. Instead, they have been pumping Keynesian based money into all the wrong places. (Banks & “Green” Corps.)
They have also kept interest rates at .25% and made up for inflation by Monetizing their own Treasury with bogus/worthless money that they created out of thin air.
This will not end well.........Especially after the World drops the Dollar as it’s Reserve Currency. There is a sure certainty that this year alone, the Dollar will be lowered in status and be forced to share 50% of the market with another form of currency. (One that will be backed by Gold and Silver.)
When that happens, get ready for hyper inflation and even worse, Stagflation/Deflation.
MORE LIES AND BS.
Even the Sunshine Obama Lovers on CNBC admitted this morning that the “base lines” for counting unemployment changed in February, giving us these thoroughly bogus numbers. No doubt, they’ll change several more times so the unemployment rate will be below 8% before the election next year. Bet on it.
When do you think this will happen... Later this year or sometime in 2012?
The GOP needs a strong candidate,...
Donald Rumsfeld would be my favorite...
Wall Street is literally running on air. The money they have received never existed in the first place. Over 40 corporations have received hundreds of billions over the last 2 years and have been using it to prop up their value and apparent economic health.
This is ENRON on Steroids! It's a Ponzi Scheme that the MSM has completely ignored. (And what's even more sickening, they know about it)
Well if I can tell that this is going on then the country is in worse shape than I thought. I can handle my meager household finances but I’m no titan of wall street. But it is so clear that wall street is living in its own bubble that it scares me.
There should be some sort of rational cause and effect between life and the market (reasonable, with speculation built in) and there just isn’t any.
Wow. Thanks for the confirmation, I guess. :0/
To the BO admin I say BS.
How many of these “jobs” are government jobs? I hear the IRS is needing a lot of new agents. And how many of those no longer listed as unemployed dropped off because their unemployment benefits ran out?
The effects of REAL inflation, the kind that the FED has dropped in order to keep their lying inflation statistics low, (Gas, food, clothing, interest on the National Debt, etc,) will increase the rate at which the National Debt increases, which will force them to create even more phony money.
This all leads to the other countries in the World who have financed our debt in the past. They will drop us like a hot rock and demand a new Reserve currency, because just possessing Dollars will cause them to lose money.
In short, some of the economic advisers I watch, all believe that there is not much chance of Burn-yank-me and Geithner, wagging the dog all the way up to 2012. Something has to give before that.
Gallup says its at 10.3% and the regime says it’s at 8.9%. Oh great I see a new media narrative.
Woo Hoo - happy days are here again. Little Barry well on his way to a 2nd term!!! All the while gas on its way to record highs an no drilling permitted in the USA. Tell me, are Americans really this stupid?
“Never forget, that when a person’s unemployment benefits expire they drop off the rolls. The BLS “assumes” that person to be employed................’
Exactly, and we know first time unemployment claims were well over 1 million last month, with less than 200k new jobs. Go figure
From Zero Hedge:
“Wonder why the unemployment rate is at an artificially low 8.9%? Three simple words: Labor Force Participation. At 64.2%, it was unchanged from last month, and continues to be at a 25 year low. Should the LFP return to its 25 trendline average of 66.1%, the unemployment rate would be 11.6%. And indicatively, the Birth/Death adjustment was +112,000.”
With the labor department announcing 3331,000 new jobs in a quarter (3 months) we are over 500,000 jobs short of keep the unemployment percentage from increasing.
Looks as if the Government has changed the baseline they use to compute the unemployment percentages.
When you are dealing with politicians who need good numbers to be reelected what else do you expect?
However, what if someone not only directly challenged the government's numbers, but actually said they were deliberate, manufactured lies? Who could make such a claim? How could they support those kind of assertions?
There are plenty of experts who are more than qualified to present alternative analyses ie the truth. The real key would would be a leader who was widely respected (in their existing field), and could spell out reality & solutions with conviction and purpose.
Considering the situation the US finds itself in, it really doesn't matter if Barry wins in 2012. At some point, this kind of leader will be elected. If he/she is not elected in 2012, it just means we haven't fully reached the tipping point.
When we get someone of the stature (not politics) of Washington, Lincoln, FDR or Reagan, you will know that the US has finally reached the point where pushing off reality has come to the end of the line.
I just read a report about that (govt.hiring v private sector)I'm trying to recall the title so I can find, I seem to have a bit of brain freeze this morning. I never believe the govt. numbers they are almost without fail revised the next week and are not real IMO anyway due to what they now leave out. These reports are much more telling to me.
Civilians Not In Labor Force Hits All Time Record
Labor Force Participation Rate Remains At 25 Year Low 64.2%, Birth/Death Adjustment: +112,000
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