The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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The Mystery Of The Shemitah

The Number Of Working Age Americans Without A Job Has Risen By Almost 10 Million Under Obama

Obama SmilingThat headline is not a misprint.  The number of working age Americans that do not have a job has increased by nearly 10 million since Barack Obama first entered the White House.  In January 2009, the number of "officially unemployed" workers plus the number of Americans "not in the labor force" was sitting at a grand total of 92.6 million.  Today, that number has risen to 102.2 million.  That means that the number of working age Americans that are not working has grown by close to 10 million since Barack Obama first took office.  So why does the "official unemployment rate" keep going down?  Well, it is because the federal government has been pretending that millions upon millions of unemployed workers have "left the labor force" over the past few years and do not want to work anymore.  The government says that another 347,000 workers "left the labor force" in December.  That is nearly five times larger than the 74,000 jobs that were "created" by the U.S. economy last month.  And it is important to note that more than half of those jobs were temporary jobs, and it takes well over 100,000 new jobs just to keep up with population growth each month.  So the unemployment rate should not have gone down.  If anything, it should have gone up.

In fact, if the federal government was using an honest labor force participation rate, the official unemployment rate would be far higher than it is right now.  Instead of 6.7 percent, it would be 11.5 percent, and it has stayed at about that level since the end of the last recession.

But "6.7 percent" makes Obama look so much better than "11.5 percent", don't you think?

The labor force participation rate is now at a 35 year low, and the only way that the federal government has been able to get the "unemployment rate" to go down is by removing hundreds of thousands of Americans out of the labor force every month.

Why don't they just get it over with and announce that they have decided that all workers immediately leave the labor force the moment that they lose their jobs?  That way we could have an unemployment rate of "0.0 percent" and Obama could be hailed as a great economic savior.

Of course the truth is that the employment crisis in the United States is about as bad now as it was during the depths of the last recession.

If you want a much more accurate reading of the employment picture in America, just look at the employment-population ratio.  The percentage of working age Americans that actually have a job continues to stagnate at an extremely low level.  In fact, the percentage of working age Americans that are employed has stayed between 58.2 percent and 58.8 percent for 52 months in a row...

Employment-Population Ratio 2014

Does that look like an "employment recovery" to you?

Because no matter how hard I squint my eyes, I just can't see it.

The percentage of Americans that actually have jobs should have bounced back at least a little bit by now.

But it has not happened.

And guess what?  Most people don't know this, but the U.S. economy actually created fewer jobs in 2013 than it did in 2012.  So the momentum of job creation is actually going the wrong way.

No matter how rosy the mainstream media makes things out to be, the reality on the ground tells an entirely different story.

For example, just check out the desperation that was displayed on the streets of New York City last week...

The line wrapped nearly around an entire city block on Friday as approximately 1,500 people waited in Queens for a chance to apply for a coveted union job as painters or blasters on bridges and steel structures.

The first few people on line had been there since 1 p.m. on Tuesday when the temperature in New York City was in the single digits.

The job that those desperate workers wanted to apply for only pays $17.20 an hour.

Of course that is far from an isolated incident.  Last week, I wrote about how 1,600 workers recently applied for just 36 jobs at an ice cream plant in Maryland.

We would not be witnessing scenes like these if the unemployment rate in America was really just 6.7 percent.

An article by Phoenix Capital Research does a good job of summarizing how useless the official government numbers have become...

Since 2009, we’ve been told that things have improved. The fact of the matter is that the improvement has been largely due to accounting tricks rather than any real change in reality.

Sure you can make unemployment look better by not counting people, you can claim the economy is growing by ignoring inflation, you can argue that inflation is low because you don’t count food or energy, but the reality is that all of these arguments are grade “A” BS.

We are now five years into the “recovery.” The single and I mean SINGLE accomplishment from spending over $3 trillion has been the stock market going higher. This is a complete and total failure. Based on the business cycle alone, the economy should be roaring.

What does it say that we’ve spent this much money and accomplished so little?

The word is FAILURE.

The media is lying about the economy. They have been for years. Even the BLS now admits that its methodologies are either inefficient (read: DON’T work) or outright wrong.

The cold, hard reality of the matter is that there has not been an economic recovery in this nation.

Anyone that tries to tell you that is lying to you.

And now the next major wave of the economic collapse is rapidly approaching.

The U.S. national debt is on pace to more than double during the eight years of the Obama administration and the Federal Reserve has been recklessly printing up trillions of dollars.  The long-term damage that they have done to our economy is incalculable.  But despite all of those extraordinary "stimulus" measures, the percentage of Americans that are actually working has not budged.

If we were going to have a recovery, it would have happened by this point.  In fact, this is all the "recovery" that we are going to experience.

From here on out, this is about as good as things are going to get.  As bad as you may think things are now, the truth is that this is rip-roaring prosperity compared to what is coming.

I hope that you are getting prepared.

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  • Bill

    I wonder if we spend our time getting prepared it means we are excepting the outcome of a collapse?

    Perhaps we should spend more time rejecting the bad guys.

    VOTE TO FLUSH out the DCS crimals.

    • Priszilla

      Start locally.

    • Mondobeyondo

      A collapse is inevitable. The only way out is through.

      • Bill

        Isn’t it easier to flush your toilet than buy a new one? When you have a need you can’t give up. If we all flush we will get rid of the stink!!!!!

  • Chris

    This is what needs to happen in order to have a recovery:
    1. Repeal all free trade agreements and bring back offshored jobs back to the United States.
    2. Retrain people and put them in work programs- roads, infrastructure, etc.
    3. Eliminate all the red tape and government meddling for those who want to open a small business.
    4. Impeach Obama.
    5. Kick all politicians in Congress to the curb.
    6. Eliminate the Federal Reserve.
    7. Let insolvent banks fail.
    8. Stop immigration (only allow those that can contribute immediately)
    You guys can add more:

    • http://democracylover.blogspot.com Charles D

      I think you would have to do #4 and 5 first in order to get started on the others. But even before that, you have to get it through the thick skulls of TV-addled Americans that politicians whose campaigns spend millions of dollars are not worth voting for. Simple but elusive truth is that the unless you are one of them, you have no commonality of interest with the 1%.

      • Bill

        I agree—-as I said VOTE TO FLUSH

      • Drud

        Twenty years ago, voting the bums out would have worked, but no longer. The system is run by lobbyists and bankers and the entire system is corrupt to its core. If we send in a crop of doughy-eyed freshmen Congressmen in a month we will have a crop of corrupt, partisan shills, hooked on $1500 lunches and $10,000/plates fundraising dinners. It is far too late to work within the system. The system must be torn down and rebuilt.

        • Drud

          Check out stormcloudsgathering. There are some very useful revolutionary ideas there that might work, namely, cut off the funding going towards Washington. For instance, if every worker across the country turned in a new W4 with the maximum deductions, the government would collapse within weeks. Sure, they would change the laws, but they couldn’t do it fast enough. The best thing, it would be entirely “legal.”

        • http://democracylover.blogspot.com Charles D

          Let’s say you are right, and I think you probably are. Who is going to tear down the current system and how? Who is going to rebuild it and how? What happens to the country in the meantime?

          I would say that if our crop of freshmen Congressmen run on the Republican or Democratic party slate they would be corrupt before they got to Washington. If we elect Greens, Libertarians and Independents then unless we elect enough to form a clear majority in both houses and they are clear-headed enough not to fight with one another, they might be able to shut off the flow of money into politics, but that’s a pipe dream.

          • Drud

            Voting for other parties might be effective but it is a pipe dream. Have you ever seen the Simpsons Halloween episode where the advertisements come to life and terrorize the community? The way people fight back is to ignore them and they go away. That is how we fight the government: stop giving them out money and stop obeying their unjust laws. Government’s derive their powers by “the consent of the governed.” This is not only in an ideal world, it is simply a fact. The coherent cannot and will not exist without our consent. The problem most people simply do consent no matter how tyrannical a government becomes.

    • Rodster

      In order to have a real recovery you need to eliminate 80% of the Federal Govt and return the power back to the States where it belongs. During the turn of the 20th century, progressives and the central planners seized power and grew the Federal Govt. Today it’s even more bloated than in the days of Woodrow Wilson but the US Govt today is a behemoth that is constantly growing and becoming more powerful.

      The US Govt = Ancient Rome

      • XSANDIEGOCA

        Not only is a collapse inevitable, it is imperative. We will not return to sanity without it.

        • MIkey_Mula

          Agreed!

        • nekksys

          HEAR!! HEAR!!!

        • Drud

          It is necessary that our society collapse, just as a overgrown forest must burn before it can regrow. Still, it fills me with sadness and more than a little fear. Everything Chris suggests is important for a proper, free society, but in doing so, we would be instantly plunged into a chaos so deep and dark that it may take decades to climb out. There are no good answers here.

          • XSANDIEGOCA

            None. In the Fifties, we were like a lithe marathon runner. Now we are 200 lbs overweight and have difficulty making it from the couch to the toilet. Sometimes we don’t make it. The Bread and Water diet is the only thing that can save us and it will be painful.

          • Annette Smith

            You are right, ya’ know. It will be forced on us.

        • Annette Smith

          By the second blood moon of 2015, we will have experienced that financial collapse. I’ll buy you a Coke if it don’t.

      • Jon

        The new American Civil War.

        • xander cross

          A civil war while china and Russia comes in to finish America off.

          • nekksys

            They have their own battles to fight internally. China and Russia aren’t poised to make any great military moves. Their economies are failing as well. At this point, it’s a matter of which country is going to pull the pin on their economy rather than when…

          • xander cross

            That may be true but I suspect that they will team up together to defeat the united states eventually. We’re too busy watching the bachelor on tv.

          • nekksys

            So turn your TV off and go prep…

          • xander cross

            Already prep mentally. Tell that to the people that watch the NFL. Oh, that’s right, that’s the majority of people including the banker’s that own the teams.

          • RICHARD RALPH ROEHL

            And the Israel is will help them.

          • xander cross

            Indeed they will. Why are we sending them billions of dollar in aid again?

        • MIkey_Mula

          We don’t need a war, we need a large peaceful political protest. Similar to MLK.

      • GSOB

        So, where do you start?

        What parts of the Federal government do you think we need to shutdown once and for all?… Or better asked, what parts of it should remain open?

        OPEN = Defense
        OPEN = VA
        stay for sure….

        • Randy Townsend

          What does the Constitution task the federal government to do? That’s the extent of it. Of course, the millions of parasites depending on transfer payments from the producers via the federal government would be outraged, but so are addicts when denied any more drugs.

          • GSOB

            What parts? Spin it out Randy

          • Randy Townsend

            1) Provide for the national defense and 2) Protect the money supply. Those are the two areas the federal government has a direct responsibility to act.

        • Gay Veteran

          CLOSED = Pentagon

          • Blackhawk56

            CLOSED= National Education Association

        • hummingbyrd

          Start in the white house. If things trickle down. Remove th sourse that starts it. Then no one gets spewed on!

          • Annette Smith

            Most excellent, Little Grasshopper!

        • Annette Smith

          Working for the government is the same as being on welfare. You don’t really contribute, unless you are in the military, imho. I do think the military is totally mis-used to fight wars we don’t need and should not be in. But, when I worked civil service, it was like, “what are we doing to help the country?”. I found that we did little to help, so I quit!

      • RICHARD RALPH ROEHL

        Yup! Rome is burning. And sane men will be pouring fuel on the fires.

      • nottmee

        Old Roman Empire revised.

    • Imaplaneiac

      Chris, I suggest you change #4 to #1 on your list!

    • Mondobeyondo

      At this point – I don’t know what the answer is. Impeach Obama? What, to replace him with someone even worse? Chris Christie? Nancy Pelosi?

      Don’t blame Congress.Blame yourselves.
      After all, you voted for them.

      • uh-huh

        No, actually I didn’t vote for them…I voted but NOT for them. None of the people I vote for ever seem to make the cut…mostly because they want to get rid of the Federal Reserve and put people back to work.

        • Jon

          you really do not have a free choice. You vote for who they selected for you. The deck is stacked against the American People.

    • MeMadMax

      Congressional and SCOTUS term limits. We can’t be serious about making long term repairs without this. Otherwise we fix some things only to have them torn down later…

    • Mondobeyondo

      Not gonna happen.
      Or, in George H.W. Bush-speak…
      “Na-gaa-dooit”

      • Malcolm Reynolds

        “jes wouldn bay prudent”

    • Rob W

      In order to have a real recovery, this is what needs to happen; oil in the $35/barrel range.

    • nekksys

      I’d probably do them in a different order but I do believe you’re on the right track…

    • quercus454

      Tariffs are the only way manufacturing jobs will return to this country. Only when you make it impossible for companies to import cheap labor products will they start to relocate.

    • abinico

      Tax the rich.

  • James

    Michael and other regular readers,

    Just wondering about that 11.5% unemployment figure you cited. There have been times John Williams was cited on this blog and others who say that the unemployment rate is as high as 20-25% if taken the old way.

    • Tim

      That 11.5% is what the headline unemployment figure (U-3) would be if the federal government was using an honest labor force participation rate, as Michael stated. I believe that once a person has been unemployed longer than one year they’re considered (by the BLS) to have stopped looking for a job. Of course we know that’s not true.

    • MichaelfromTheEconomicCollapse

      Click the link and you can see a Zero Hedge article that discusses it in more detail.

      The measure on shadowstats.com includes “short-term discouraged and other marginally-attached workers as well as
      those forced to work part-time because they cannot find full-time
      employment.” So not all of those workers are actually unemployed, but it is still a very helpful measurement of those unable to find full-time employment.

      You can find those alternate unemployment charts on shadowstats.com here…

      http://www.shadowstats.com/alternate_data/unemployment-charts

      Michael

      • quercus454

        What many people don’t realize is that having a job isn’t an end all solution. You need to have a job that pays enough to make it. Part time hours and min wage just don’t cut it. Just like having insurance. You can have insurance, but if the deductable is so outragious you can’t afford it, the insurance is worthless. Being under employed is just the same.

        • Drud

          Jobs are not the real problems, a lack of jobs is simply a symptom. below that is the simple fact that our currency is poisoned. “The best way to destroy the capitalist system is to debauch its currency.” V.I. Lenin. Even below this, I would argue, is the idea of a hierarchical systems. Civilization has always built them an they have always collapsed, simply because they inherently funnel resources away from the masses and to the tiny minority at the top. This is fundamentally an unstable structure (I have heard it describes as a system of “floating castles”). This is opposed to an anarchistic system, where each member of a society is granted equal rights and freedoms (sound familiar?) but not equal standing in the society.

        • Malcolm Reynolds

          “Part time hours and min wage just don’t cut it.”
          But neither does relying on them for your “career”. If you’re going to spend your life with minimal skills, then you should expect minimal quality of life.

          • Gay Veteran

            yeah, there are millions of jobs just waiting for people with “skills”

          • Malcolm Reynolds

            LMAO. You’re saying there aren’t millions of well paying jobs?

            And if you insist on walking into a job in a pink tutu and a rainbow belly shirt, I cant help you dummy. LMAO! You’re mother should slap you in the face.

          • Gay Veteran

            I’m saying there aren’t millions of well paying jobs WAITING TO BE FILLED.

          • Malcolm Reynolds

            See: Time.

          • Gay Veteran

            see Spot run

          • Gay Veteran

            sounds like your mother dropped you on your head

          • Malcolm Reynolds

            I’m not the one suffering from sexual dysfunction.

          • Gay Veteran

            glad your erectile dysfunction meds are working

          • Malcolm Reynolds

            Awww, you’re not gonna answer the nice post I made?
            You’re so full of blind hatred for anything/anyone with love of the country you wont even answer what you got for Christmas?
            How sad and pathetic your life must be.

          • Gay Veteran

            uh, maybe it’s not any of your f-ing business

          • Malcolm Reynolds

            Yikes! So intolerant. So mean and hate-filled. You’re right, I was wrong. Now I know you’re a conservative. LMAO!

    • Mondobeyondo

      I can certainly tell you that the “official” unemployment level is incorrect. Whether it’s deliberately so, or just that these economists are really that dumb – I’d place my bets on the former.

  • Rodster

    This entire interlinked global financial system is like an episode from the Twilight Zone. What you think is real, it’s not and what’s not IS.

    Let’s keep thanking our global central planners and banksters for the world we now have. It’s a mess everywhere.

    • JAllen

      Yes the Twilight Zone. The best comparison yet.

  • Citizen X19

    “…For example, just check out the desperation that was displayed on the streets of New York City last week. The job that those desperate workers wanted to apply for only pays $17.20 an hour.”

    Only $17.20 an hour??? That would be a pretty sweet wage for many places in this country.

    • Tim

      That’s not much for New York City. The cost of living there is very high. But it would be better than nothing.

    • j6j6321

      In New York city, a half gallon of store-brand ice-cream is $14.00. How good does $17.20 an hour sound now?

      • K

        Are you kidding me? Why would anyone live there?!

        • K

          For the record, that is not me.

    • El Pollo de Oro

      Citizen: $17.20 an hour doesn’t go very far up in New York City, where you can easily pay a grand a month for a small apartment in Jackson Heights (a mostly Latino/Indian/Pakistani area in Queens). The only city I’ve been to that has a higher cost of living than NYC is London.

      • Gerroz Gsj

        You shoul come to norway then. Have a look here

        • El Pollo de Oro

          I haven’t been to Norway yet, though I have been to the UK, France, Spain, Greece, Italy, Gibraltar, Ireland and Portugal. Come to think of it, Milan has a very high cost of living.

  • K

    The plan to destroy the middle class continues on schedule. Whether it is unemployment numbers or the cost of living numbers, they lie about them all. The news is nothing of the sort, it is the Ministry of Propaganda. You can blame the Government for all of this, and to a degree you would be right. But you must give equal blame, to the 80% of the American public who are cowards. They do not want to know the truth so they will not know it. And since they will not know it, they will never act.

  • Piglet

    About 35 years ago I had a statistics professor in college who said, “Statistics can tell you the truth and they can lie like hell for you.” Whenever I hear a news report about the unemployment rate going down I know the feds are “massaging the numbers” and their stats are lying like hell. By claiming (without evidence) that the long-term unemployed are simply not interested in finding work, the feds concoct BS stats and the idiots on TV and radio repeat them.

    • Rodster

      There’s an even better saying and that is. “It goes to show how figures lie and liars figure”.

      • Mondobeyondo

        “There are lies, d— lies, and statistics”. – Abraham Lincoln

        • rightwingterrorist

          -Mark Twain, I do believe.

    • Orange Jean

      Students who graduate and can’t find jobs are also not counted, as are moms who left the workplace to take care of small children and want to get back to work and can’t find jobs.

  • Gregge K Johnson

    320 million people in US. 102 million people not working. What is that percentage. The IRS websight states that in 2012 there were 126 million Tax returns.

    • Bill

      It is called modern math, numbers that don’t make sense. We are known as the country of walking eagles. A bunch of birds so full of crap we can’t fly (or function properly).

  • outofworkinDallas

    One day in 2013 my company laid off 200 people. It has been 4 months and I have not made progress finding a job. I realized one day half the people I know are out of work. I am likely facing a 50% paycut if I do find work. This is in the DFW area which is portrayed as an economic powerhouse. I have tried to spread the word to anyone that will listen the government statistics aren’t accurate.

    • fdskjfhkl

      Good luck trying to spread the word. Mostly, you will just get resentment, bitter denial, and emotional reasoning.

  • Graham

    Outlaw “Usury” and remove the ability of the money changers to function in the manner that they do. Everything else can be dealt with thereafter.

  • Mondobeyondo

    There is no true recovery.
    We are in a depression.
    ____________________

    One day, you’re going to get it, if you haven’t gotten it already. And when you do – let’s meet and shake hands at the food bank.

  • Guest

    Anger is brewing out there.
    I hope it doesn’t explode into

  • Mondobeyondo

    Can we get out of it?

    Umm… short answer is no. Long answer – no.

    You see, we’ve gotten ourselves in a predicament – where it will be nearly impossible to break out of. There are many reasons for this, but among them…

    - China holds billions, nay trillions, of US dollars
    - The U.S. keeps printing money

    • XSANDIEGOCA

      There has to be a debt repudiation. We must go bankrupt. We are never going to pay these bills back. Out of the ashes, Phoenix may rise. Maybe. Hard Times Ahead.

  • Mondobeyondo

    Do I like what I’m seeing?

    Oh yes, I do! The same way I love getting pneumonia!
    /sarcasm off/

    If you really believe that – get help. Now.
    A New York minute is too slow.
    If you truly are in this predicament-
    please get help. Talk to someone. Even me. I’ll listen

  • Wizard of Aus

    Things are getting tough in Australia too! This is only the start!

    • XSANDIEGOCA

      What is happening down there? We hear of a vast resource boom and China buying everything in sight.

      • k

        That is slowing down

  • Wizard of Aus

    Unemployment is rising, car manufacturing is dying, mining sector is slowing & job ads are falling.

  • Mondobeyondo

    Gabrielle Giffords, please run for office again.
    In spite of what that insane lunatic did on 1/8/11
    I hope you run for public office again.

    Very few of us have been shot in pe public view.
    I hope and pray it stays that way.

    If you don’t know,Gabrielle Giffords’ story, Google or Wikipedi

  • Mondobeyondo

    If you have anger in your heart, please get rid of
    it. It will do you no good to keep it inside.

  • JailBanksters

    Always looking on the bad side of the Equation as usual.
    The Good news is 10,000 Bankers are now richer than their wildest dreams. Sure the World sucks, it’s getting worse and it’s your fault.

    • Mondobeyondo

      “It’s your money, you paid for it!” – George W. Bush, 2004

    • Mondobeyondo

      No, seriously, look on the bright side. Stop spending all that time loking at the dark page. Look at the white dot in the middle instead

  • Mondobeyondo

    How to Get Through a Depression, Part… Whatever

    Please keep your chins up. Please.
    If you’re going through it – it’s hard. I know.

  • Mondobeyondo

    All I’ve ever wanted in life was to be happy. Was that too much to ask?

    • Bill

      Guess the cabal thinks it is. They also think money buys happiness. They don’t want you to waste THEIR money buying happiness. They want you to save it for taxes to put it in THEIR pocket.

  • davidmpark

    I wish we could fix this.

    There are things that can be done to turn this around; but many have surrendered to what’s in charge now. What rules now has been know by many names to catalog it’s many tentacles, but always comes back to the same thing; names like socialism, communism, nihilism, feudalism, imperialism, and so on. I prefer the ancient name for it: Baal.

    Worshiping the worst that man has to offer and the worst of men.

    Unemployment by decree (let’s admit that this is what’s going on) is just another tenet of it’s doctrine. Helps with establishing the final step of Baal worship; agonizing, gruesome death.

    Fight back. Fight now. If you are unemployed, understand that there are two ways to wealth: earning from outside the home (income via employment), and producing in the home to cut down on overhead costs (income via savings). Use both wealth streams. If one is a trickle, use the other flood the stream bed.

    Fear not, learn all you can and do what work you can prayerfully.

    • Whereveryougothereyouare

      davidmpark:
      Amen brother! You are a man after my own heart. The spiritual reality is The Reality. Quietly pray, work, study, and prepare.

  • Rene Girrard

    I know I’ve said it a hundred times, but hundreds of middle class and lower middle class jobs continue to leave our shores EVERY DAY for China & Mexico. Thousands of Asians and Mexicans come into our country EVERY DAY to take the middle class and lower middle class jobs that do still exist here. Our business elites would much rather hire anybody but Americans. Americans might complain, but Asians and Mexicans will keep their mouth shut. How can their be a recovery given these 2 parameters?

    • XSANDIEGOCA

      There can’t be.

    • Scared Economist

      I just got back from Cancun Mexico. I was talking with two locals who used to live in the US. One used to own a carpet cleaning business in Ohio. Both told me the same thing— they left the US because the economy is now better in many parts of Mexico than in most of the US.

      • Malcolm Reynolds

        If you can avoid getting slaughtered by the cartels, who were also coincidentally built by the US govt’s continuing failed policies of prohibition..

      • El Pollo de Oro

        Scared: I have a friend from Philly who moved to Bogotá for a job. She had an MBA from Temple but was still working crap service jobs months after graduating. Now, she’s doing much better in Colombia than she was in her home town. But she’s watching her back because she knows that parts of Latin American can be dangerous as hell. The kidnapper gangs in Colombia, Guatemala and México are no joke.

        • Drud

          Bogota is beautiful. I actually got married there. Also, sure there are dangerous parts, but no more so than any big city in the US. Detroit, Philly, DC, LA, San Fran, all worse.

          • El Pollo de Oro

            Drud: My friend lives in a really nice, upscale area of North Bogotá and loves it there. She’s smart enough to stay out of the slum and ghetto areas of South Bogotá (where the DPDDTT collectors live).

          • Drud

            My wife grew up in Bogota and her parents still live there. She has never been to the south side of Bogota.

    • Drud

      Jim Rogers made an interesting point in a podcast not long ago (he made it from his home in Singapore, how do you think he feels about the state America is in?)Anyway, he said the 30 years ago (~1980) the US financial system began to dominate the manufacturing sector. This is not unheard of, and not necessarily bad, but it is a cycle. Well, two problems with that, first, we never cycled back to the manufacturing side, and second, we are coming to the end of a lot of other cycles (demographic, economic (business cycle), energy sector cycles and environmental cycles). Never before have so many cycles stacked and never before has the world been so interconnected. We are in completely uncharted waters here.

  • Priszilla

    Just seen on TV:

    People looking for work are complaining that the cost of a babysitter has risen.

    To just over minimum wage.

    So, if you find a job for just minimum wage, how are you going to pay for the babysitter for that time?

    Or should you stay home as any proper parent and be paid by society?
    (assuming your husband has died a hero in the fight for freedom, god and banking).

    • quercus454

      This is the problem with min wage and or unemployment. You have a lot of people who are rightfully tired of supporting others. More then understandable. But most of these people are advocating never raising the min wage, doing away with unemployment benefits and severely cutting welfare. All those measures will do is make the situation worse.

      Why do some not seek a job while on unemployment/welfare? Because it is a financial loss. To go out and look for work costs money that you cannot afford to spend. You have vehicle costs, gas costs, child care costs etc. You may also need different clothes to even apply for the job.

      Then there is the wages of those jobs you may get. If you get a min wage job, more then likely it will be part time. Because the employer doesn’t want his employees working two jobs, he uses a random employee schedule. A second job isn’t a possibility. So the new min wage employee is working, but not better off. He or she still has the vehicle expenses, the gas costs, the child care costs and may have to purchase a uniform. If the employee is working 24 hrs over a 5 or 6 day period with much of a commute, they will have nothing at the end of the week.
      If that employee had stayed on unemployment or welfare, they would be able to buy groceries and put a roof over their head.

  • Bruce

    What’s absolutly amazing to me is that I heard on the radio this past Friday about the IMF stating that they might soon invoke a savings tax debit (stealing our money) as they did in Cyprus, here in the U.S.. I couldn’t believe it so I went to the internet and it appears that they DID say that. Micheal you need a story on this immediatly..

    • k

      Did you hear someone speculating that the IMF could do that, or did you hear it from IMF itself?

    • Malcolm Reynolds

      Of course they are.
      This absolutely will NOT affect the rich people that the left will foam at the mouth about, this will rob and destroy no one but the middle class, which is the plan.

    • Drud

      The rumors that make the most sense to me is that, after the next market crash, the government will begin to “nationalize” 401K’s and IRAs. This will, of course, be done for our protection, because our retirement money is “too important to be left to chance” and it requires backing by “the full faith and credit of the United States government…” This does not seem at all far fetched. many will be hurt badly and the government will be there to help “ease the pain.” I can only hope enough people see through the BS if this were to happen.

  • XSANDIEGOCA

    America is exhibiting all the behavior of an addict. It knows it must cease its old behavior or die. Yet, it refuses to do so. It is so addicted to its drug of choice (QE) that it dare not go Cold Turkey, so terrified is it about the aftermath. Yet, Cold Turkey is precisely what is coming.

    When the government borrows, prints 40% of everything it spends, we are broke. A fiscal model that depends on the rest of the World to buy up our treasuries ad infinitum is a very false model. It is unsustainable. China and India are using their excess dollars to buy Gold, whose price the Central Banks desperately suppress. I would conservatively guess the real price of Gold is 5K/oz. 4x the “officicial” price. Ergo, China and India are buying it up on the cheap and will reap huge in the future! As for America, the first sign of the coming tsunami will be an Obama decree that holding Gold is now illegal and must be turned in. FDR did this in 1934 so he could turn on the printing presses.

    Entitlements will be cut of necessity. Default on the Debt is inevitable. Confiscation of retirement accounts is inevitable. The suffering will be terrible. There will be much “civil unrest” and the government knows it and is preparing for it as has been documented by this column.
    You will read about none of this in the MSM.

    There is another aspect of the coming crisis. During the Great Depression, America in desperation turned to FDR and his Fireside Chats. People believed in him. He kept the country calm with his mellifluous broadcasts. This will not happen with Obama. We are at the “mute” button stage with Obama.

    Obama is a proven serial liar. The press shamelessly shills for him. Compare the kid glove treatment he gets to Christie! You gotta believe your leadership when the levee breaks but that belief has left the building.

    Frankly, it is getting rather scary.

    • Drud

      Addiction is a very good model for how massive, bloated and corrupt states come into being. The people at the top always need a bigger and bigger fix (more money, power, etc.) and bigger and bigger highs. Soon, they need more and more just to maintain. Finally, they hit rock bottom bring down the whole house of cards with them. AA has known this for decades: you’ve got to hit bottom. The same is true for our society, the question is how far down is rock bottom?

      • XSANDIEGOCA

        I believe we shall find out within the next 2-3 years.

        • Drud

          I agree with that timeline, however, I would have said the same thing 2 years ago. This rotten, fraudulent, corrupt system has been remarkably resilient. I think part of it is that we all fear the fall, so we are willing to blind ourselves to the harsh truth and keep toeing the line. Still, I would be shocked if we make it through 2015 without a complete collapse of the financial sector. How that plays out is anyone’s guess.

          • XSANDIEGOCA

            It’s like predicting an Earthquake. The mistake is pretending the Fault Lines are not there. Of this we can be sure, there will a day like no other.

  • Mondobeyondo

    How to Get Through a Depression. Part MCMLXXVII:

    1. We are in a depression.
    2. Play a country song backwards. You’ll get your house back, your wife back, your dog back…
    3. Talk to your parents and grandparents, if you have any. They went through the Dirty Thirties. They’ll have a lot of wisdom to offer you.
    4. Never lose hope. If you do, you’ll be crushed. It will break your back. It will break your heart. Don’t you dare let it break your spirit.
    5. Humor, humor, humor.

  • Jack Burton

    Michael – You forgot one very important point in this article; The number of people that have been shifted onto Social Security Disability has skyrocketed under Obama’s watch! These people are not counted as being unemployed.

  • k

    Michael, can you do more global articles..not just europe but how things are in china, india,africa,latin america etc.

  • Mondobeyondo

    Alex Jones says, “The answer to 1984 is 1776″.

    He’s right. But where are we headed?

    1968.

  • DJohn1

    The problem is that the Powers That Be haven’t figured it out yet. If the currency goes bow-wow then they are going down the tubes with the rest of us no matter what they do or where they escape to. We are the international currency of choice despite everything that has been done to destroy that status. Buy Chinese currency? It will go down with everyone else. The best currencies might be those backed by gold in the far north or the Swiss currency but I wouldn’t put stock in it.
    True numbers? Come on . . . The government hasn’t given out anything like true numbers in 50 years or more. And the figures before that were hedged.
    If they add in the unemployable, the welfare people, the disabled on Social Security, I think the real numbers are a whole lot higher. At a guess I would say around 50-60%. But that is a guess based on your articles. It could be lower or higher.
    I suggest young people get trades. Don’t know which trades are going to be good and which are going to be bad. So that is going to be judgement call. Trades mean apprenticeships or internships in the professions.
    My mother had it all wrong. She told me if I didn’t get an education I might end up digging ditches. Backhoe operators make really good money.
    Or cleaning out plumbing. Plumbers really make good money around here.
    Or driving a garbage truck . . .
    The list goes on. The jobs no one wants to do. But right now a lot of people will do just about anything to make a living for their families.
    We are all prostitutes. We do what is necessary to provide money so our families can live. There is more than one kind of prostitution out there.
    I was blessed. My God took care of me over the years despite everything. I recommend him.
    Get down on your knees and pray to him and he will provide for your needs. I strongly suggest you follow the Bible on this. That means tithes.
    Here is how you tithe if you are dirt poor and cannot afford anything.
    1. You have your time. Tithe it.
    2. At the end of your week or month take whatever you have left after paying everything out and give it all in some way, manner or form to God.
    I have no idea why this works. It shouldn’t. But over the years it has worked well for me.
    For me I was blessed with being in the right place at the right time. The trade I took up was a disaster for me and I fully expected to lose it. It was based on mechanics which I am lousy at.
    I did not give up. I did not run away. I worked as hard as I possibly could at what I did and learned it from scratch. More important, I kept the faith and prayed to God about all my problems. And that is how you do it to make it work.
    Within a few years, everything changed. I am good with a keyboard. I am very good with spelling, and associated proofreading skills. I became good at the engineering side of my trade.
    I give credit to God. Without his help and intervention, I seriously doubt if I would have succeeded.
    If I were doing it over, what would I do? I would find something that people want and provide it. That is no easy task. I would still get down on my knees in private and pray to my God to help me.
    Understand I am a human being with all the faults of a human being. I am far from perfect and probably never will be. But follow that commandment. Love the Lord your God with all your heart and all your soul and the rest will be provided to you.

    • k

      You intentions are good, but your advice is wrong. What worked for you may not work for everybody

      Plumbing? driving garbage trucks? Please! Those jobs fully depend on the housing sector which is one of the most fickle sectors in the economy. If a person cant afford college then maybe yes, but if they can pay for college then it is better to get into one and get a degree in a good paying field in which there could be plenty of jobs. Again no use getting a degree in a drying up field.

    • Scared Economist

      We have a friend who’s son just graduated with a BA in Business. The only job he could find after 6 months of looking was working in the mensware dept at a clothing store.
      Meanwhile, another friend’s son just graduated a high school welding program. He was immediately hired at $20 an hour by a company that is also training him to be an electrician.
      That same high school welding class graduated their first female welding student. She had 3 companies bidding against each other to hire her. She took the offer from GE at a great starting salary — 3X an hour what the kid with the BA in Business is making. And she doesn’t have his $40,000 in student loans to repay either.

      • Malcolm Reynolds

        A BA degree is nothing more than a secretary’s degree unless you’re going into business for yourself. Useless. My sister found that out the hard way too.
        Far too many people have been duped into believing they need a college degree to get somewhere in life. It’s simply not true.

    • Malcolm Reynolds

      “If the currency goes bow-wow then they are going down the tubes with the rest of us ”
      No they wont. At least, not to any great extent. The powers that be will easily and quickly divest themselves of the currency via currency trading or by purchasing tangible assets.

  • Kent Harris

    Between an economic collapse and then followed by World War III we are making g reat progress. Everything is topsy-turvy. The more you think about it the NWO is here. I believe when the Antichrist arises it will be from Kazakhstan. The country is completely in love with Satan. Even its capital sounds like Satan.i

  • xander cross

    So, who exactly sent all of these jobs to China in the first place? Which corporations sent the jobs to China in favor of “low labor costs”? No one forced an corporation to send jobs from America to China, they did it because they’re wanted “low labor costs” and now look what happen, turned a third world country into an economic superpower. Again, who owns these companies?

    • Guest

      Um let’s see…how about the shareholders?

      • xander cross

        Who are the shareholders? These people have names places that they go to. Who are the executives and the board of directors that betrayed America for empowering China for over years now?

        • Malcolm Reynolds

          Have you ever owned a share of stock or mutual fund? Then the name you’re searching for could be yours.

          • k

            Are you saying the CEO and board are no way responsible?

            CEO’s also own millions of shares in the corporations they are a part of.

            They and the board of directors, common shareholders, obama, bush everybody is responsible for offshoring.

          • Malcolm Reynolds

            I fail to see where I even implied that.

          • k

            By everybody i mean the everybody i mentioned.

            Nice try!

          • Malcolm Reynolds

            So you own nothing either.
            Nice try.

          • k

            I certainly dont own shares.

          • Malcolm Reynolds

            So you buy things? So you’ve personally checked every item you buy/own that it wasn’t made offshore.
            Lemme just stop right there and call you a liar.

          • k

            I bought things made off shore from companies that are based offshore…i am not an american. For eg the computer i am typing this from is made by msi from taiwan which made it in taiwan or china.

          • Malcolm Reynolds

            Then stop yammering about stock holders or CEOs. there’s no difference between the owners and those that purchase offshore and it makes you sound like an anti-capitalist nutbag..

          • k

            what do you do when a company doesnt make it in your country?

          • Malcolm Reynolds

            I buy what I need. I haven’t the inclination (or the time) to spend the god awful amount of time trying to find only American made stuff. Would I prefer it if most of our stuff was made here, sure. It can only help the people around me, but it’s mostly not gonna happen any more.

          • k

            I dont have enough opportunity to support local companies cuz most companies in my country have begun to move off shore or began importing goods from offshore.

          • xander cross

            Yes, I did that. I own nothing. Never did. The same thing applies to you as well.

          • Malcolm Reynolds

            pbtpbtpbtpbt.
            You’re irrational.

            And I find it deliciously ironic that you’re yammering like a fool about people that try to keep what they earn.

            wild guess says you have utterly no skill worth anything to anyone.

          • xander cross

            Not at all. You’re just upset that I caught you in lie.

          • Malcolm Reynolds

            No, I get upset when dealing with morons. And boy howdy you’re a loon. I’ve lied about nothing and frankly I doubt you even know the definition of a lie.

          • xander cross

            No, never owned a share of stock and never owned a shared of mutual fund and don’t plan to own neither one.

          • Malcolm Reynolds

            But you managed to decipher my incredibly elaborate point, no?

            Do you own anything? As k said below, EVERYONE is responsible for off shoring.

          • xander cross

            It’s about not having anything to do with companies that send jobs to empower another country (China).

          • Malcolm Reynolds

            So you own nothing?

          • xander cross

            That is correct. I am a black male that does not own anything and I love it. I live peacefully being content with it. No one owns anything. Ownership is an illusion.

          • Tom_F

            @xander, seems like a true black man would hate on the US and love to give the power and money away to another country. China’s as good as any other, my brother.

          • xander cross

            Funny because I did not say anything negative about the US in the first place. I said that who are these CEO’s that are sending jobs to china in the first place. No on said anything negative about the united states.

          • xander cross

            Do you own stocks or mutual funds? Do you invest into these companies that send jobs to China?

          • Malcolm Reynolds

            I divested myself from markets about 6 months before the 2008 collapse.

            ..and I’m still paying off the frakking govt for the priviliege.

          • xander cross

            So you had a hand in all of this before the collapse I see.

          • Malcolm Reynolds

            *yawn* And if you think you didn’t, you could be an Obama voter.

          • xander cross

            Didn’t vote for Obama at all, just like you could be a Mitt Romney voted who has tax havens to avoid paying taxes. He send jobs to china and most white people (especially the elderly) voted for him over Ron Paul (who I don’t care for at all).

          • Malcolm Reynolds

            “who has tax havens to avoid paying taxes”
            Don’t be a bore. So does Obama and every other leftist and any person with any measure of wealth – if they aren’t retarded. I have had them, and I applaud their usage.
            And I don’t believe you.

          • xander cross

            I bet you do applaud their usage and that proves to me that its your nature to lie. That is why I don’t believe you at all, just like most people like you that support people like Mitt Romney and his off shore tax havens in the Bahamas. I don’t believe you at all.

  • Dan

    You don’t what’s going to happen so why do you dwell persistently on the bad?
    Maybe, just maybe, it’s the end of the beginning.

  • 5466ron

    Let’s invite a few million more illegal aliens.

    • xander cross

      It’s not your country in the first place.

      • Tom_F

        Apparently it isn’t, anymore.

      • 5466ron

        Says who ?

        • Malcolm Reynolds

          Careful, he’s a loon. Doesn’t understand the link between taking everything possible from people and ownership being illusion.
          You can guess which side he comes down on…

          • xander cross

            Say that guy that benefited from the economic collapse of 2008.

          • Malcolm Reynolds

            Even if you wont go grab a skill useful to someone else, at least grab some English for yourself. It’ll cut down how often you sound like a loon.
            I divested myself in Jan 08. The collapse was around Sept 08, so no, I didn’t ‘profit from the economic collapse’

            But hey, if it agitates you and other leftists, then ya, I made millions.

          • xander cross

            Who said I was upset about you making money? Yeah, you’re delusional.

          • Malcolm Reynolds

            Oh I’m sorry, that snide comment you made above sorta led me there.
            Meh, like I said at least grab some English skillz.

          • xander cross

            It’s spelled Skills, not skillz. At least take some spelling classes.

          • Malcolm Reynolds

            Lol. The difference. Mine was on purpose, so right after you grab that English class.

          • xander cross

            Stop lying, you know full well that you can’t spell skills. LOL. You’re an idiot.

          • Malcolm Reynolds

            LOL!
            So all the black people that spell it ‘skillz’, which is where that spelling came from BTW, are they illiterate idiots too?

          • xander cross

            I bet you’re against pubic schools and that explains why you can’t spell at all. It’s spelled skills, not skillz and I don’t believe you when you said that you did it on purpose. You’re a liar, just like most politicians.

          • Malcolm Reynolds

            How is it that an enlightened black man (LMFAO!) such as yourself hasn’t looked at what public school has done to black Americans and want to abolish it yesterday?

          • xander cross

            How is that a white man (a white man with low intelligence) that insults a black man hasn’t looked into getting an education starting with spelling?

          • Malcolm Reynolds

            “How is that a white man ”
            First off, try
            how is it that….
            If you’re gonna continue to call someone stupid, make sure you have “complete sentences” under your belt. nuff said. You cant compete home slice.
            I can do this all day long. I gotz mad skillz.

            Seriously tho, if using slang like that irritates you, then just say that.

          • xander cross

            So, let me get this straight, just because you can’t spell skills, you decide to say that it came from black people even though, it started with white men. I really can’t take you seriously especially since you know English or spelling. So, as usual, you make comments trying to insult black people. SMDH.

          • Malcolm Reynolds

            I’m sorry !!!

            UNCLE!!!! LMFAO!!

            “I really can’t take you seriously especially since you know English or spelling”
            Once again, if you’re gonna infer I’m an idiot, try complete sentences.
            You’re not gonna answer that question then? You support the leftist agenda to destroy black people?

          • xander cross

            Since you don’t know spelling or English for that matter, I just can’t take you seriously. You lost credibility when you couldn’t spell skills.

          • Malcolm Reynolds

            Buh by now. Loon

          • xander cross

            Yes, you’re an idiot by stereotyping black people because your lack of logic or reasoning of public schools.

          • Malcolm Reynolds

            Umkay. You’re irrational and definitely uneducated. Loon.

          • xander cross

            Umkay is not a word you uneducated loon. I can tell that you did not learned anything from school if you even went at all.

          • Malcolm Reynolds

            Umkay. Thanks for playing.

          • xander cross

            LMAO!!! You can’t spell anything and now making up words. LOL. “Umkay”

          • xander cross

            Go back to school you loon. LOL. How you going to try to insult someone when you just proved to me that you’re uneducated? Stop watching Bill” O’Reilly you loon.

          • Malcolm Reynolds

            Ooops. I don’t have cable.
            You’re a loon.

          • xander cross

            You’re a liar.

          • Malcolm Reynolds

            Ya, I’ll bet it hurts to get shown for the idiot you are by DA MAN.

          • xander cross

            I support you going back to school and taking spelling classes so you won’t get words like skills wrong again. How anyone take you seriously is anybody’s guess? The leftist agenda to destroy black people? LOL. You conspiracy theorist will believe in anything.

          • Malcolm Reynolds

            Again, you’re still going on about me purposely saying skillz and then you psot this

            “You conspiracy theorist will believe”
            ‘theoristS’, you loon. Umkay, you’ve called me an idiot a dozen times for intentionally using ‘skillz’ while I’ve corrected …
            Never mind. You’re too ignorant to even understand.

            Enjoy your lifelong poverty.

          • xander cross

            If public schools are so bad, then how come many white people go to them in rural areas? I mean, you just said that it was for black people, so it’s bad for white people as well. Come on Malcolm Reynolds, tell us how you truly feel.

          • Malcolm Reynolds

            So you’re ignorant of just how bad urban schools are? It’s ok, I wont make fun of you if you have no clue.
            There’s a historical reason whites flee the cities for suburban neighborhoods. high on that list is better schools.
            How I feel? Oh oh, here it comes.

          • xander cross

            The fact that you can’t spell proves to me that you need an education. Take more spelling classes with that insider trading money you received. SMDH.

          • Gay Veteran

            xander, you have to understand little Malcolm: anyone who disagrees with him is automatically a leftist

          • Malcolm Reynolds

            Nah, just the nutbags that espouse leftist opinions and talking points.
            xander thinks people trying to keep what they earn is evil. – leftist thought.
            You think abortion and govt forcing Christians to serve gay marriages despite the 1st and 13th amendment are good – leftist thought.

  • MrsBulldoggy .

    Yet, the Unemployment rate is now 6.7%. By the time November rolls around for the 2014 mid-term elections, it will miraculously be 5%!
    What a bunch of bull**it!

  • D. Noslen

    The Buckwheat Hope and Change.

  • D. Noslen

    And the ones who are worse off – are people of color – Blacks – who all defend Obama. The Democrats (Socialists) and Obama have been extremely hurtful to Blacks – and yet they continue in their support. LBJ said with the signing of the Civil Rights Act – “We’ll have the Ni99ger vote for the next 2200 years”. Guess he was right. Too bad Blacks are satisfied to stay on the Democrat Plantation.

    • xander cross

      Like the republican party wanted black people to vote for them in the first place. SMH.

      • Tom_F

        Like black people would vote anything other than 90% democrat, 93% for the black guy, no matter what republicans did. *SMDH*

        • Guest

          I thought the “black guy” was half white as well…

      • Malcolm Reynolds

        ahh, apparently you believe the lie. loony tunes.

    • Gay Veteran

      what else did LBJ say? he said the Democrats would lose southern whites, and he was right. racist southern Democrats became racist southern Republicans

      • Malcolm Reynolds

        Of course, the south didn’t really become solidly republican until after Jimmah Cahtah SWEPT the south.
        Were those racist democrats (because you said all those whites were all racists) or perhaps did another generation of voters come of age and understand the ills of democrat politics?

  • Smaulgld

    No one is more screwed than millennials because of QE From “Millennials Not Yet Part of the Club”

    Failure provides opportunity for new entrants. QE and bailouts, on the other hand, keep economic losers entrenched. It is this dynamic that has kept economic opportunities from millennials.

    Whether the Fed eventually ceases its QE program, the damage to a generation has already been done. Five long years of Fed money printing to keep the system entrenched has not created a thriving economic environment for millennials but rather a playground for the older, richer generation to maintain and increase its wealth.

  • ian

    Strange how i keep seeing these articles, and yet everyone i know has a job. In fact, the cit i live in is thriving and many new businesses opening left and right.

    • quagmire

      What city?

      • ian

        Denver

        • Malcolm Reynolds

          Good weed? Is it already hard to get?

          • ian

            nope. i can walk 2 doors away from where i work and buy weed legally.

          • Malcolm Reynolds

            What’s a dime bag costing?

          • ian

            it is a little expensive. 1/8 for 43 dollars. But that is because of the taxes.

    • Tom_F

      Well, then. I guess there is no problem. Never mind!

    • Malcolm Reynolds

      If you don’t see it, it doesn’t exist?
      You aren’t breathing air right now.

  • Tom_F

    The kids of my friends that have graduated in the past few years have really never held any job. Not even a summer job. They would not consider being a bank teller or renting cars (both jobs have management trainee tracks), and find ‘retail’ jobs too embarrassing. My only thought is that if they don’t stick a toe in the employment waters now, it isn’t going to be any less embarrassing when they are 29 years old.

  • LBP

    If you REALLY want to fix the problems in this country, before a US citizen can vote in this country,
    # 1. Have to be a land or property owner
    # 2. Have to produce a W2 form showing income
    # 3. Prove that you are retired & earned an income
    # 4. Have to be a LEGAL US CITIZEN

    “The Democracy will cease to exist when you take away from those who are willing to work and give to those who would not.”
    ― Thomas Jefferson

    • Malcolm Reynolds

      Implementing #1,
      I give it 10 minutes before the first ACORN company is formed to sell 1 sq ft of land.

      I’d really love to see something in there about treating the states like they aren’t the same entity, in that, if you don’t legally possess the right to vote for a candidate, you may not give financial aid or comfort of any type to the candidate.

      Eg, Those in Az have no right to interfere in any shape manner or form with the candidate from Ca …

  • tf

    All Governments in history are experiments in the governing of human nature. Some say that is that man is intrinsically greedy. But, we can all agree that greed is at least a temptation. And that temptation has run amuck, as we obviously see today. In my view, nature must run its course. The only thing we learn from history is that we don’t learn from history. Sowing and Reaping, Cause and Effect. Life’s laws are not mocked. Meanwhile, study wild edibles…
    and make sure they’re not stray GMOs.

  • 2Gary2

    Republicans,
    who are having a hard time shaking their reputation for reverse
    Robin-Hoodism, for being the party that takes from the poor and gives to
    the rich.And
    the reason that reputation is so hard to shake is that it’s justified.
    It’s not much of an exaggeration to say that right now Republicans are
    doing all they can to hurt the poor, and they would have inflicted vast
    additional harm if they had won the 2012 election.

    You conservatives are going down so hard. I LOVE to see conservatives FAIL as that means that us poor and middle class will have a chance at succeeding. Just Say NO to Conservatives.

    The weak-minded, non-critical thinking Americans can be bought,
    bamboozled, ‘marked’ by the GOP/TPC rhetoric spun through their
    propaganda machines, the CSM (Conservative Stream Media), headed by the
    foreign-owned Fox News, and the millions of dollars donated to SuperPacs
    by the likes of the Koch brothers, Sheldon Adelson, and Donald Trump.

    I understand the support that the Republicans garner from upper-bracket
    earners. It’s tragic, though, that so many middle- and lower-income
    Americans continue to vote against their economic interests.

    • Drud

      Gary all the contempt you hold for the Republicans is just, all the mismanagement of which you accuse the Republicans is really happening, all the corruption of which you accuse the ultra-rich class of is the truth: FOR BOTH PARTIES. The “weak-minded, non-critical Americans (which) can be bought, bamboozled, marked by the …rhetoric spun by the propaganda machines” also include Democrats, really anyone who let’s a letter of the alphabet do their thinking for them. Or course, FoxNews is a propaganda machine, but so is MSNBC, CNN, HLN, etc. BOTH parties are lying to us, both parties are funneling money to the few elites, both parties are stealing our wealth and our future, both parties are leading us to a cataclysmic collapse. Please recognize the scam of the 2-party system before it is too late.

      • Gay Veteran

        AMEN

      • xander cross

        So then why Michael supports the republican party if both sides are corrupt?

      • xander cross

        So, if both parties are corrupt, then why do all you support Ron and Rand Paul who both happen to be republicans?

        • Drud

          First, how do you know who I support? You don’t. So, I will tell you: I do like Ron Paul, wrote his name in in 2012 (threw my vote away as it were), not sure about Rand, seems to play the game a bit too well. BUT, this is the real point anyway, I do not support republicans, democrats, or ANY group en masse. I support INDIVIDUALS. How difficult a concept is that?

    • todd

      A little too simple there, bro. I was born & raised a NY liberal democrat. In the mid 70s, I became a Conservative republican. By the mid 90s, I became an Independent Conservative treehugger. Life’s redeemable values are not encompassed in just one ideological position. I have friends that stone one another and demonize each others beliefs, simply based on party line. There’s good and bad on both sides of the aisle, and they’re all human, none exempt from wayward beliefs and misguided policies.

      And as a Conservative, I absolutely abhor the Fed’s perverse QE programs engorging a stock market that really only helps the rich.

      (I, personally have been unemployed for over 3 years.) I can’t stand a number of right wing positions, and so I’m a registered Indie.

      Our system has become a colossal self-feeding monster that cares nothing for you and me.

      In all governments, the cream rises to the top. (Money, benefits, percs, privileges.. to even outright extortions.) In absolute Statism, it’s the communist party that gets all the goodies, not the working class.

      Please consider modifying your argument. No good Conservative espouses the great Royal Ripoff of the masses. Try not to confuse a value base with the positions of party affiliation. Both mean well, in an ideal world, but break down in the human equation of selfishness and greed.

      And remember, the elites in Gov’t and NWO illuminati consist of plenty from both parties. And virtually every member of congress is at least a millionaire,

      It’s really more a human nature problem (runaway greed); destruction of principle for self-gain. It just takes different forms, including that of championing the causes for the have-nots. In truth, they’re ALL a bunch of crooks, my friend, just hanging out on different points of the ideological spectrum. Kind regards.

      • todd

        p.s. – I love your analogy of reverse Robin Hoodism. Unfortunately, the King of England was a small-minded Crusader and his brother a usurping despot. English Gov’t became more & more Statist, which is too far left of center. The colonies rebelled, and so, here we are.

        And here we go again.

        Give this Conservative Sherwood Forest!.. lots of friends there, and trees to hug. :-)

      • 2Gary2

        I see where you are coming from, however, we need top call out the extreme damage the republicans are doing to the poor and working class by only caring about the rich. I agree with the greed and human nature, its just that those are so much more pronounced in the conservative ideology. Yes both parties suck but by any measure the dems at least throw crumbs where as the repubes actually take food out of peoples mouths. You know its the spectrum thing again and conservatives are on the crazy side way more than the dems.

        For you more bible inclined-even the woman told Jesus that the dogs east the crumbs that fall off the masters table.

    • Malcolm Reynolds

      Where did you cut n paste from today?

      • 2Gary2

        Several different sources. Given the formatting I do not bother to tell I cut and paste as it is obvious.

  • 2Gary2

    WALLS CLOSE IN ON CHRISTIE

    NEW FEDERAL INQUIRY

    STATE PROBE HEATS UP

    Ha ha ha–I love watching your conservative tea bag wonder boy go down. ha ha ha

    • Joe Shmo

      Gary, please. Christie is not anything like a tea party person. He is a RINO. You really have some serious schadenfreude going there. That can’t be healthy.

      • Malcolm Reynolds

        syphilis?

    • Mark Caldwell

      That Herman Goering looking authoritarian thug is booed by the real Tea Party. RINO’s are like casual communists, supporters of bigger government and forced wealth redistribution collectivism. Obedient like the Demonrats to Cultural Marxism’s ‘Political Correctness’.

      You already know this, but you’re so desperate to disparage the anti collectivist/communist American conservatives you can’t help yourself.

      • 2Gary2

        yes it is pretty easy to rip conservatives.

  • Kim

    I think the implication here is that Obama is responsible for economic collapse. I don’t support politicians of any ideology. I don’t vote. I’m neither republican nor democrat. At the same time, I can’t blame one or another for economic collapse. They’re all to blame. The free trade agreements, insane local policies, finance shell games, the good old boy relationships with oil nations, all of it, have been supported or approved tacitly or ignored, in the case of financial shenanigans, by every president since Reagan. It’s sad really. Now, we are too invested (or I should say THEY are too invested) to pull out now. That’s a big problem.

    However, Obama is a big fat liar. But then again, aren’t they all?

    • Drud

      Absolutely true, Kim. Our problems are institutional and generational. They have not been brought about by any one man, but by decades of mismanagement, corruption and greed perpetrated by thousands of big-time players, and every single citizen who failed to recognize the corruption and act accordingly (including myself) have been complicit.

      • Kim

        Hey! I like u!

        • Drud

          Thank you Kim. I always like to read solid, cogent posts like yours.

          • Kim

            Backatcha!! :-)))

    • GSOB

      1 Samuel 27:1

      Then David said to himself, “Now I will perish one day by the hand of Saul. There is nothing better for me than to escape into the land of the Philistines. Saul then will despair of searching for me anymore in all the territory of Israel, and I will escape from his hand.”

  • Steve

    I’ve been reading the comments and I agree. We need the unemployment rate to go down, and to do that there is a radical change needed in the government of this country, not necessarily in the form of government, but in the politicians that enrich themselves while pretending to look after the interests of those who elected them.
    I do have a suggestion as to employment also. Bring back the railroads. They used to be far more popular than they are now. Some cities don’t even have passenger service.

  • Wally

    Am I the only one seeing this whole economic collapse being taken over by the NWO as becoming the boy who cried wolf. For the last 3+ years I have seen story after story from Alex Jones, Gerald Celente and on and on about next month…two months…this summer…2013….2014….2015…Fema Camps, Black Ops, NWO taking over, huge false flag coming like a nuke attack. It could happen next week or it could take another decade or more to materialize or t may never happen. In the early 80′s there was a lot of the same type of talk. Doomsday sayers were not hard to find. That was 30+ years ago. This is like a very slow moving train. We may all be gone before anything major happens…You can’t deny there is money in fear and people are exploiting it to know end. There are so many lies it is impossible to tell what you should and shouldn’t believe.

    Michael has been writing his blog for a long time now, and the story is always the same, sour unemployment, dire levels of poverty, lies by our leaders, corruption and on and on. Look I believe that financial ruin is coming and that a NWO is coming as well but I think it could be many many years down the line. A warning is great if it comes a few weeks, a few months or a year in advance but when the warnings keep coming over and over the course of years it does no one any good as people give up caring and believing the worse.

    So here we sit: The stock market at an all time high. Yes it dropped 200 today but that is normal for corporate earning reports coming out this week. But guess what the 10 year rate is down to 2.83%. I believe they can kick the can down the road as long as they want. Yes the bubble continues to grow but it is different then other bubbles because the bubble will only burst when the powers that be say it will burst.

    • Wally

      Please excuse my poor English. Typing faster than I can think…LOL

    • Drud

      You are describing the concept of “prediction fatigue.” It is a difficult process to go through. I am shocked we have made it this far and I have thought on several occasions maybe I am just another Chicken Little constantly yelling that the sky is falling. The best analogy is one I got in response to a post just today on this very page: this is like an earthquake. It can take decades to build pressure and there can be many false starts and indicators saying a massive earthquake is coming and still nothing happens. Does that mean that everything is OK? No the fundamental will drive this economy into the abyss. The timing is anyone’s guess, but collapse is a mathematical certainty.

  • BenguluruHuduga

    So its official then. U3 needs to be re calibrated. isn’t this included in U6 ? Why is U6 declining the same amount as U3 ?

  • Randy Townsend

    Barrack Obama: All of the credit, none of the blame.

  • dm777

    You keep blaming Obama for all of our problems. The source of these problems is the corporate fascism operating in this country. Congress and the Presidency have been corrupted by the massive amounts of money which need to be raised to win elections. Until the problem of corruption is dealt with, there will be NO solutions to the loss of jobs, immigration, manipulation of the economy, etc. My solution is to have government pay for campaign costs as a sort of recruiting expense instead of accepting campaign donations which totally corrupts leaders.

    If every American had to raise millions of dollars to get or keep their job as our politicians must do, our entire country would be totally corrupt.

  • abinico

    To be intellectually correct, you cannot blame this on Obama. Obama is like any other president – a shill for the 1% ruling class. He does as he is told, and no president has ever looked after working people – and no president ever will.

  • Bruce

    Barry, MO and Sunny/BO, $TOOGE$ All !

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  • xander cross

    Malcom is a troll. Thanks for warning me about him.

  • CynicalGuy42

    I’m sorry, with our polarized politics many Tea Partiers feel Chris Christie is not conservative enough.

    • 2Gary2

      OMG–your kidding–you want more conservative than big chris christy? are you bat sht crazy right wing nuttery?

  • RICHARD RALPH ROEHL

    The number of unemployed has only increased by 10 million under the Obama regime?

    Well… maybe so, but the $eeds for gutting the Amerikan economy and turning this war mongering police-$tate plutocracy into a third world $hit hole were sown long before the current occupant of the White House.

    Too many war profiteering misadventures have bankrupted the Amerikan empire… and NAFTA destroyed nation’s robust manufacturing base. TPP will finish the job… which will ‘espark’ massive civil unrest and open rebellion… that will seed ‘McVeigh franchises’ for guerrilla warfare and civil war.

    The ruling class never learns. Rapacious grrreed blinds them to common sense about addressing basic needs of the common wealth.

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