Record 89,304,000 Americans 'Not in Labor Force' -- 296,000 Fewer Employed Since January

CNS News ^ | March 8, 2013 | Elizabeth Harrington

[george76]

The number of Americans designated as "not in the labor force" in February was 89,304,000, a record high, up from 89,008,000 in January, according to the Department of Labor. This means that the number of Americans not in the labor force increased 296,000 between January and February.

[Iron Munro]

More funny math to make the monthly employment/unemployment numbers look better than they really are.

Every month they drop more people from those considered to unemployed by simply stating they are no longer actively looking for work.

The US population increases every year and the number of working age adults increases every year, but the number the Obam government considers to be in the labor force is pretty much the same as when Obama took office.

[Eva]

It’s not simply the mindset of Bernanke that is at work here, it is an elaborate scheme of fascism that involves the extorted cooperation of the heads of industry and banking. In the end, we, the investors become willing participants in the fascism in order to protect our investments.

We have met the enemy and he is us, just as surely as the Obama administration is the enemy of free markets, because we have little choice.

[jwalsh07]

Hi Eva. The fed is pumping 85 billion a month in new money. Interest rates on treasuries are near zero. The money ends up in equity markets by the big players because all money is fungible. It costs the banks virtually nothing to borrow money and that money finds it’s way into the equities market. That’s called a bubble and once the fed takes the air out of the bubble it will collapse on itself. By then the smart players will have moved their money back into cash and safe havens. The mutual fund investors will take a bath and life will continue on it’s inevitable way. The rich will get richer, the middle class will be raped by government and the takers will be oblivious as always.

[FerociousRabbit]

“Hi Eva. The fed is pumping 85 billion a month in new money. Interest rates on treasuries are near zero. The money ends up in equity markets by the big players because all money is fungible. It costs the banks virtually nothing to borrow money and that money finds it’s way into the equities market. That’s called a bubble and once the fed takes the air out of the bubble it will collapse on itself. By then the smart players will have moved their money back into cash and safe havens. The mutual fund investors will take a bath and life will continue on it’s inevitable way. The rich will get richer, the middle class will be raped by government and the takers will be oblivious as always.”

Post of the week.

[Iron Munro]

Actually, the worthless dollar are the main reason for the higher stock markets here.

CORRECT!

Here is a comparison of Exxon stock and the price of gold at the time of Obama's inaugurations:

Jan 20, 2009

Exxon stock price per share = $ 78.04
Gold price per ounce = $ 853.25

Shares of Exxon needed to purchase 1 ounce of gold = 10.93

Jan 22, 2013

Exxon stock price per share = $ 91.73
Gold price per ounce = $ 1,690.50

Shares of Exxon needed to purchase 1 ounce of gold = 18.43

[Gen-X-Dad]

You have to understand that the stock market is merely a propaganda tool to convince the public that all is well. The problem is that the real economy is deleveraging and being crushed in a deflationary cycle of no jobs, no wages, no customers. The fake ponzi economy represented by the stock market is no different than 2008 except the FED now bankrolls everyone to keep up the illusion of financial health. As soon as the FED stops, the bubble will collapse and make 2008 look like a walk in the park.

[Eva]

It all makes me very nervous. We narrowly avoided the last stock market crash, by withdrawing our money just days before it hit, thanks to a guy who was looking for our business as a financial advisor. We have since parted with him, but he sure was right that time.

I don’t know if you saw a post that I’ve made a few times lately, that they have added a new line to the Social Security form, asking how much money you and your spouse have in your 401Ks or IRAs. I am told that the question is not on the on-line form, so I am going to fill it out on-line, rather than the paper version. But from what I have read, the Obama administration is contemplating taking over 401Ks and IRAs and investing them in treasury bonds, to pay out in the form of a pension or annuity. We have been hearing about this idea since 2008, but it seems a lot closer to fruition when you see the question on the Social Security form.

The other possibility to explain the question is that there is talk that all Medi-care will be rolled into Medicaid when Obamacare becomes fully implemented and anyone with a 401K or IRA will not qualify, unless they turn over the funds to the government to be doled out as the government sees fit.