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Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

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Unemployed Man - Public DomainThe federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation.  For the month of September, the federal government told us that 142,000 jobs were added to the economy.  If that was actually true, that would barely be enough to keep up with population growth.  Sadly, the truth is that the real numbers were actually far worse than that.  The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force” category.  When I first saw that number I truly believed that it was inaccurate.  But you can find the raw figures right here.  According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”.  That gives us a grand total of 102.6 million working age Americans that do not have a job right now.

That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude.

This is something that my friend Mac Slavo pointed out the other day.  I encourage you to read his analysis right here.  If we measured unemployment the way that we did decades ago, we would all be talking about how similar Obama’s economy is to the Great Depression of the 1930s.

But instead we let the feds get away with feeding us this completely fraudulent “5.1 percent” unemployment number and most of us believe the mainstream media when they tell us that everything is just fine.

Well no, everything is not just fine.  At this point, the labor force participation rate is the lowest that it has been since 1977.  And the labor force participation rate for men is at the lowest level ever recorded.  The only way that the federal government has been able to get the official unemployment rate to go down so much is by pretending that hundreds of thousands of Americans that have been unemployed for a very long time “leave the labor force” each month.

The chart posted below shows how our labor force participation rate has deteriorated since the year 2000.  And in particular, the decline since Obama first entered the White House has been very striking.  Does this look like a “healthy economy” to you?…

Labor Force Participation Rate October 2015

To me, the civilian employment-population ratio is a far more accurate measurement of the employment picture in America than the official unemployment rate is.  Just prior to the last recession, approximately 63 percent of all working age Americans had a job.  During that recession, that figure slipped below 59 percent and it stayed there for several years.  Just recently it slipped back above 59 percent, but as you can see we are now falling once again…

Employment Population Ratio October 2015

The reason this number is falling is because lots of Americans have been losing jobs lately.

In fact, we are seeing layoffs at major firms at a level that we have not witnessed since 2009

The jobs report today has been described as “ugly,” though it certainly didn’t, or shouldn’t have, come out of the blue: Layoffs in the energy, Big Tech, retail, and other sectors have recently mucked up our rosy scenario.

“The third quarter ended with a surge in job cuts,” is how Challenger Gray, which tracks these things, started out its report yesterday. In September, large US-based companies had announced 58,877 layoffs. In the third quarter, they announced 205,759 layoffs, the worst quarter since the 240,233 in the third quarter of 2009!

Year-to-date, we’re at nearly half a million job cut announcements (493,431 to be precise), up 36% from the same period last year.

Some of the companies that have recently announced layoffs include Wal-Mart, RadioShack, Delta, Sprint, ConAgra, Caterpillar, Bank of America, Halliburton, Qualcomm, Microsoft and Hewlett-Packard.

If you need to find a job or you plan to switch jobs in the near future, time is of the essence.  Jobs are going to become much, much harder to find in the months ahead, and so every single day of job searching is absolutely critical at this point.

Right now, there are more than 100 million Americans that get some sort of assistance from the federal government every month.  Government dependence is at a level that we have never seen before in U.S. history, and it is going to get a lot worse.

If we get to a point where the government is either unwilling or unable to take care of all of these people, we are going to have a massive societal problem on our hands.  More than a third of the people living in our nation cannot independently take care of themselves, and more Americans are falling out of the middle class every single day.  When the welfare state starts breaking down, the chaos that will ensue will be far worse than most people would dare to imagine.

So what do you think?

Are job losses and layoffs starting to happen in your area?

Please feel free to add to the discussion by posting a comment below…

  • Mike Y

    #Corporatocracy: Outsourcing, off-shoring, open borders…loss of work ethic. All contribute. ✧*。ヾ(。>﹏<。)ノ゙✧*。

    • AzDi

      And now they are working on robots to replace paid humans!!

      • James

        Big deal.

        • AzDi

          You must like me James.

      • James

        The fewer blue collar mooches that are causing corporate balance sheets to go out of whack the better.

        • jhowell882

          what a stupid troll ^^
          Koch brother paying you? sure they are

          • Mike Smithy

            James works for the George Soros crowd. The Koch’s have much higher standards.

      • James

        Dividends contribute more to the economy than salaries

    • Edward Sky

      Loss of work ethic? Might have something to do with knowing everything you work for will wiped away by will of Wall Street. Property values? Sure WS will screw with those, stocks? Yes! Bonds Yes! Gold value yes!

      • Ex Deo

        Mike Y is absolutely right. Work ethic. I have noticed this, too. The quality of American work ethic has gone down the tube in every job sector. People do not do their jobs. They’re slow, lazy, lethargic and stupid. I have noticed a steep degradation over the last 20 years.

        • Mike Smithy

          True. Ever go to Wal-mart and notice how painfully slow the cashiers are.

      • Malcolm Reynolds

        “everything you work for will wiped away by will of Wall Street.”

        Wall street doesn’t set the price of your house, Wall street isn’t responsible for how much you’re taxed, Wall Street isn’t responsible for how much money you make.

        And apparently less than half of American’s actually invest in Wall Street, and that sure as hell isn’t the low income types.
        http://www dot latimes dot com/business/la-fi-stock-market-survey-20150409-story.html

        So how exactly is that happening? Please be thorough.

        Yes, Wall Street is thoroughly corrupt but they get their power from the people you’re refusing to identify.

  • dontblamemeborn1981

    Some of those people who rely on public assistance gave birth to children who they knew that they could not afford. I have no children and I am unsympathetic to their situation because they did NOT have to have sex.

    • James

      Sex is pleasurable

    • James

      Perhaps if you crazies allowed abortion and greater funding for planned parenthood providing contraceptives, you would not have the kids.

      • G21

        So abortion’s not allowed?
        You’re either a liar or an idiot – or both.

        • Malcolm Reynolds

          Golly gosh, the eugenicist cretin must be talking about post birth abortion. The age of five sounds perfectly reasonable until those evil cretins decide it’s a whole race instead.
          Awww shucks, you crazies and your anti mass-death stance!

          • Gay Veteran

            obviously the real unemployment rate would be soooooooo much better if abortion was illegal, not to mention the crime rate

          • Malcolm Reynolds

            obviously human life becomes disposable when we have social problems. Why not just advocate for mass murder, that would be soooooooo much better. Oh wait, you do and it’s solved nothing.

          • Gay Veteran

            sorry but I don’t believe in turning women into slaves and forcing them to give birth and then your type would provide NO support.
            yeah, no increase in the crime rate in that world

          • Malcolm Reynolds

            turning women into slaves
            Snore. Sorry, science denier, but that’s biology. You’re so much smarter when you’re not talking.

          • Gay Veteran

            “Snore. Ah yes, the ol’ women having babies is slavery canard….”

            hmmmm, forcing someone to give birth is not slavery, interesting.

            “,,, Sorry, science denier, but it’s merely biology….”

            and an abortion is merely a medical procedure

            at this point why don’t you wave your magic wand and end abortion?

            “…But but your honor, it was so much more convenient to kill those people for my drug money than it was to work for it. You can’t impose your damn laws on me or it’s slavery….”
            your opinion that a fetus is a child

            “…Next up, buffoon will recite how children aren’t human. Interestingly enough, the Nazis didn’t think certain people were human either when they wanted to kill of them. Meh, nothing to see there…..”
            living, breathing peope are human. note the breathing part. and Nazis, jeez, Godwin’s Law!

            “…You’re so much smarter when you’re not talking and/or just ignoring me. Go back to that would ya.”
            you need to go back to the bong you’ve been smoking

      • Malcolm Reynolds

        Perhaps if you crazies could get off your own a$$ and pay your own frakking way.
        Perhaps if you crazies didn’t encourage your idiot constituency to live their lives between their legs.

        How freaking crass do you have to be to treat human life as conveniently disposable as you cretins do! You eugenicists are evil.

        • James

          Yes, unfortunatly state governments still need to provide the education, welfare, and infastructure funding for these new children.

          In that sense Planned Parenthood pays for itself.

          • Malcolm Reynolds

            Whatever you do, don’t make a eugenicists argument. evil.

          • James

            How do you suggest supporting these kids to prevent them from being the future fellons of america

          • Malcolm Reynolds

            I don’t suggest supporting those kids. I suggest letting their parents support them. Charity actually worked in this country until buffoons like you erroneously decided government is charity.

        • James

          Do you support higher taxes to pay for these new kids education and welfare?

          • Malcolm Reynolds

            Oh hell the F**K no. Good grief, why the hell would you!? The DOE is an UTTER FAILURE with one of the already most expensive education systems on the planet. You’d have to be an utter buffoon to support making this system more expensive.

            Do you support higher taxes to pay for these new kids non-education and welfare?

            I support NO welfare. It’s not the government’s place to support you.

          • James

            I feel bad for the kids that are going to have to struggle due to their parents having sex

          • Malcolm Reynolds

            Ahh, you must be one of them buffoons that thinks government makes life fair. Pardon me while I laugh so hard I choke.

  • piccadillybabe

    Was at a local shopping mall today that has lost so many stores in the last few years and none that have replaced them so it is now officially the “ghost of yesteryear mall.” I find it ironic that the only stores that have survived are a pet store (no dogs or cats anymore), a beauty salon and a nail care place. When people can no longer afford to have their nails or hair done or be able to own a pet, it will be empty. Maybe they use their EBT cards for these luxuries.

    • AzDi

      In the rural areas, we have a whole lot of “surplus” stores and thrift shops. And, of course a walmart.

      • James

        Your point?

        • AzDi

          What is my point? Are you serious—– one of my other posts here:

          The truth of the matter is….. if it was not for big government…. we would see this as a larger depression than the first great depression. in 1929. That depression had no one to help via, welfare, food stamps, food boxes at every corner church, unemployment, etc,

          We still have no jobs, businesses collapsing, and people cannot get unemployment because they are maxed out so therefore now are on other government help. Unfortunately, people don’t think of it this way. We are in a very great depression and have been since 2007. Look at the government debt. That say’s it all. But no one says it truthfully. It can only get worse.

          But then “James” you don’t care about anything considering your stupid posts. Hope you are having a nice life. Good luck.

          • Sam

            Your Government had put off the inevitable, soon they will destroy the dollar and when the fall comes it will be much worse than 1929 and 2008

          • James

            Gvt is not big.
            Welfare is extremely limited.
            No jobs and businesses collapsing? HAHAHAHAHAHAH that is why S&P is crashing this year. Oh wait, its not.

            Govt debt is not a bad thing, it is very managable.
            I consider how well NRG pays out dividends and wether the Cypress-Fairbanks Independent School District is doing anthor bond.

            My life is great. I spend all day doing things I like such as painting and cooking because I live off of stock dividends, bond coupons, stock photography royalties, and apartment rents. I still manage to have money leftover to buy more bonds, stocks, REITS, actual real estate titles, and ETF’s.

            Hope your life is good as well.

          • Gay Veteran

            should have let the Banksters go bankrupt, instead we bailed them out.
            death of capitalism = Too Big To Fail

        • Devil Hater

          Peoples nostril holes are put together like sewer pipes.

      • jaxon64

        I live in one of the top 25 richest counties in the USA ( less than 50 miles from DC of course) and we have about 1/3 of our stores in the strip malls closed. Tons of mom and pops stores have closed also and now there are just the usual suspects-Walmart, a dying Kmart, oil change stores, nail and hair places, a few dry cleaners and the merry-go-round of open and close restaurants.
        The Blockbuster store closed a few years ago and then became an Office Depot, then it became a PetSmart–now it is rented once a year as a “Halloween Superstore”.
        Most of the locals work in DC for the govt or the service industries–but there are no local jobs for kids, the young, the elderly at retail.

      • alan

        Thrift stores…My wife told me our local thrift store prices have gone through the roof.

        • Shasta

          Yes, I’ve noticed this especially over the last year. Disappointing for those of us who find that shopping at thrift stores helps offset the huge increase in food prices.

        • James

          I hate it too.
          I used to do thrift shop resale and the prices have forced me out

    • James

      Really?
      SPSIRE is doing really well compared to VOO

    • none

      What mall is this. Just my own curiosity.
      I don’t think that you would get barred from your beauty and salon?
      I will not bother with the jokes on what people are eating to get by on now days.

    • Devil Hater

      It will be turned into A Evil OOOOMA OOOOMP soon?

    • SunnyFlaSnotress

      Nail, hair, and eateries.. everywhere here too! I’ve always done my own nails and I’ve done my own hair for a very long time If there were more people like me, what the heck would happen to malls?

  • Guest

    “Are job losses and layoffs starting to happen in your area?”

    No. There is so much development going on here in the upstate of South Carolina, with retail stores and restaurants going up everywhere. Of course, these are low-paying jobs that are really only suited to teenagers and retirees looking to supplement their income. You can’t support yourself with one of these jobs, let alone a family.

    And people around here seem to have money to attend sports events. I heard that 200,000 people were expected to attend the Clemson-Notre Dame game last night. I also heard that tickets were as much as $700! College football (Clemson and University of South Carolina) is a religion for many here in SC. I’m not kidding.

    • Catman

      Here in Tuscaloosa, AL we see much the same. It seems wherever there is a major football team the local economy does well. A lot of the commercial and residential construction is dependent on a large and growing student body, most of whom are receiving student loans. Everyone has been getting in on that.

    • Liberty First

      That is going to be one of the first signs that things are worsening, i.e., when people stop spending on entertainment.

      • Guest

        Oh, I doubt people around here will ever stop going to college football games. They are literally insane.

        • James

          Ahh.
          That is the problem in the United States.
          No one cares what happens in college classrooms and no one funds them.
          Who cares if kids can know the difference between an ETF and stock option. (sarc)
          Everyone cares how well the kids are able to catch a ball.

          • Malcolm Reynolds

            That is the problem in the United States.
            No one cares what happens in college classrooms and no one funds them.
            >

            Ahhh.

            That is the problem in the United States. Buffoons that think somebody other than the person taking the class must “fund them” and cant put 2 and 2 together to figure out that’s why a college education these days costs north of 100 thousand dollars and the quality is headed south faster than geese in winter.

            Who cares if kids can know the difference between an ETF and stock option.
            Which, coincidentally, they learn IN COLLEGE, you imbecile.

          • James

            That is the problem in the United States.
            No one cares what happens in college classrooms and no one funds them.>

            Ahhh.

            That is the problem in the United States. Buffoons that think somebody other than the person taking the class must “fund them” and cant put 2 and 2 together to figure out that’s why a college education these days costs north of 100 thousand dollars.

            I hate to say this but often college education pays for itself with state governments getting increased tax revenue and people like states providing education. As for 100K, that is over 4 years and includes dorm, food, and other things that the students would have bought anyway. The quality of education is not heading south. Accrediation standards are the same.

            Who cares if kids can know the difference between an ETF and stock option.
            Which, coincidentally, they learn IN COLLEGE, you imbecile

            I see I might of not paid attention in ENG 104. My point was that “who cares what kids learn” kids as in college students, and rather how well they can throw a ball.

          • Malcolm Reynolds

            college education pays for itself
            College education does not pay for itself and states aren’t paying for college. Perhaps you should try googling the gigantic trillion+ dollar hole of debt that the education system is. There’s a word for it and it starts with a ‘b’ and ends with ‘ubble’. That’s the reality of “fund them”.

            The quality of education is not heading south.

            www dot cbsnews dot com/news/us-education-slips-in-rankings/

            www dot npr dot org/sections/thetwo-way/2013/12/03/248329823/u-s-high-school-students-slide-in-math-reading-science

            broadeducation dot org/about/crisis_stats.html

            www dot huffingtonpost dot com/2010/12/07/us-falls-in-world-education-rankings_n_793185.html

            To say that American education quality isn’t heading south is like saying Obama’s unemployment rate is headed south. It’s awful convenient when you lower the standards and buffoons parrot it, but the reality is a different thing altogether. The completely leftard controlled education system is producing sheep to be slaves.

            and people like states providing education.
            I don’t even know what the hell that means.

            I’m sorry, I thought you were arguing seriously. Thanks anyway for at least trying.

          • James

            high debt levels does not mean low returns on investment. look at GILD stock.

            You are confusing k-12 with higher ed.

            People like states funding colleges.

          • Malcolm Reynolds

            You’re still commenting on this? I’m not really sure why, since your statements prove you don’t know what you’re talking about. And then you wanna cram claims that making people debt serfs to an “education” that doesn’t even pay them back is a return on investment to the State. Umkay. Not sure how that one works but bless your heart for tryin’.

  • Catman

    Excellent article Michael. Since the 1930s we have become adept and sophisticated at covering up the true poverty many are experiencing. Subsidized housing, Medicaid, EBT cards, phones, child care subsidies, etc. have taken the place of the soup kitchens, bread lines, and hordes of homeless folks. Just imagine how bad things would not only be, but look, if these benefits were not provided. Given the political and racial climate of this country I do not favor cutting these folks off cold turkey. There would be absolute anarchy, rioting, and violence if we did. We can rest assured providing these freebies is #1 priority for the federal government; #2 is servicing the debt. This is not likely to change. Yes, layoffs are occurring more and more, and businesses affiliated with servicing the industries you mentioned are suffering losses too. One of my sons is an engineer for a consulting firm that has had contracted many projects from Chevron and Shell refineries over the years. However, these companies have suspended unnecessary build outs, improvements, etc. because of the slump in revenue from low oil revenues, and their have been layoffs.

    • James

      So there is limited welfare? GASP
      Elected politicans have to listen to the citizentry? GASP
      Commodity prices are falling and companies are responding? GASP

    • alan

      Priorities of the Gov…
      1 Military gets paid
      2. EBT’s have money
      3. nothing follows….

      • Florida

        I don’t think that’s quite accurate. The govt treats the ordinary enlisted like garbage. It is well known, for ex., that the govt has been experimenting on our soldiers for decades–and we are all aware of the quality of their health care too.
        Making sure that the defense contractors get paid, though, is another matter!

    • SunnyFlaSnotress

      Isn’t that guy in the picture sitting in Israel?
      The picture seems out of place for the article except for posturing.

      • Alwaystomorrow

        I thought that was Michael in his office. 😉

        • SunnyFlaSnotress

          lol! :)

  • AzDi

    The truth of the matter is….. if it was not for big government…. we would see this as a larger depression than the first great depression. in 1929. That depression had no one to help via, welfare, food stamps, food boxes at every corner church, unemployment, etc,

    We still have no jobs, businesses collapsing, and people cannot get unemployment because they are maxed out so therefore now are on other government help. Unfortunately, people don’t think of it this way. We are in a very great depression and have been since 2007. Look at the government debt. That say’s it all. But no one says it truthfully. It can only get worse.

    • Malcolm Reynolds

      The truth of the matter is….. if it was not for big government….

      The truth of the matter is….it wouldn’t be a depression if not for government in the first damned place and our crooked a$$ Corporatocracy in the second. And neither would 1929 have been. See 1921.

      That depression had no one to help
      Ummm, you need to research a little more homer. That depression lingered for over a decade precisely because FDR’s government decided it had to step in and “help”. You’ll seek out statements by his Treasury Secretary Mellon, who believed in “help” in the first place, and proclaimed what a failure it was later.

  • ian

    I know of not one single person unemployed. But then again, i live in a liberal city with a plethora of opportunity.

    • http://www.mindbodygreen.com Kim

      Lol.

    • autofixer

      You must live in Northern V.A.? 😉

      • http://www.mindbodygreen.com Kim

        He lives in Antartica. Plethora of opportunity. Population 1. Full employment.

    • James

      Seattle?
      I know that Microsoft, Starbucks, Boeing, Amazon are hiring. :)

      • Mike Smithy

        For the most part, companies like Microsoft are only hiring foreigners that they can bring in on H1B Visas at a fraction of the cost of skilled U.S. workers.

      • Malcolm Reynolds

        Please ignore that the standard by which …. everyone determines the number of unemployed is not limited to whom that guy knows. That is called a logical fallacy.

    • G21

      Like Detroit? Chicago? LA? New Orleans? Those liberal economic beacons?
      HAHAHA!

      • James

        HAHA
        Like Seattle, Boston, NYC, San Francisco, Minneapolis, Denver, Houston?
        I count using the political leanings of the cities mayor and job/economic data

        • Liberty First

          Enjoy paying taxes much, and a boatload for real estate? Calling Houston a liberal city is rather rich. It is in Texas, brother. It does, I admit, have a higher standard of living than the other cities you reference. We like guns and meat and freedom down here. The other places, not so much.

    • alan

      Ah copper wire stripper. I was thinking to become a copper wire stripper too. In Florida there are a lot of aluminum boats, at 90 cents a pound you could make a lot of money recycling boats.

  • K

    In N.E. TN, we never truly recovered from the last recession. So folks already are used to not having much. In spite of that, the next downturn. Will still make things even worse.

    • http://www.mindbodygreen.com Kim

      Same here in Oregon.

      • K

        Hello Kim. Yes while I was down in Ormond Beach Fl. I saw much the same there as well. Not used to seeing anything much closed on beach side. But from Ormond, to Daytona, to Daytona Beach shores. Several places closed.

        • Alwaystomorrow

          Try Naples, Florida. You will find quite the opposite there.

          • http://www.mindbodygreen.com Kim

            What do you think of Palm Beach? I have a friend that lives there. Not West Palm Beach but Palm Beach.

            Oregon has a major employment (unemployment) problem. We own our own business and we get buy but it’s not easy. We work hard and some months are good and some are great and some are terrible but we pay our bills on time every month. But I know a lot of people in my industry that work two and sometimes three different jobs. That illustrates the under employment problem here. That’s the true problem, really. Underemployment. Not making enough to pay rent and buy food. Drive a car, buy clothes.

            We are also dealing with a bad drought here. Everyone talks about California, but u know who is dying on the vine? Oregon. It’s not that our reservoirs are emptying and are rivers are low. It’s the native flora around here. It’s dying. It’s dry and the pine beetle invades dry sick trees. It’s a real problem. Many native species of tree and plant are sick and dying. Everything is sick and/or dying.

          • Alwaystomorrow

            I do not do the Atlantic side of Florida. I am a fan of Tampa South to Marco Island.

            The Midwest has excellent employment opportunities, of course depending on what skills you have. The trade off is the weather and landscape stinks.

  • Alwaystomorrow

    *****NO COUNTDOWN because it will get removed AGAIN.******

    “Are job losses and layoffs starting to happen in your area? Please feel free to add to the discussion by posting a comment below…”

    1) I do not know one person that has seen a layoff or a reduction in hours in at least the last year.

    2) My companies fiscal year ended September 1st. Stock prices (Australian) up in last fiscal year 67%. All employees yearly raises +4.25% (lowest) and upward. Millions upon millions spent and still spending on new production buildings and equipment.

    3) Traffic around industrial areas looks always busy and most all parking lots are 3/4 full with workers cars.

    Many people have it bad, but not many here.

    • Orac4Prez

      I’m glad your lucky, but lots of jobs are dripping away in Sth Aust. Plus, in W. Aust, they are shifting a lot of mining jobs overseas – they have increasing numbers of internet connected trucks at mines controlled in Perth or offshore so they don’t pay penalty rates. Noone talks about some losses like the car builders as they quietly shed jobs or component manufacturers who are closing, becasue they were announced a while back – no news there. Or the research jobs in government CRC’s as they wind down. Nothing is replacing them. And unless you are a government employee the contracts have no payouts at the end either.

      • Alwaystomorrow

        I am in US midwest. The company is Australian based and owned.

        • http://www.mindbodygreen.com Kim

          Good thing. I wouldn’t count on your company being in business for a long time. Housing in Australia is in an awful bubble and it’s bursting. Commodities profits are declining miserably. And more bad news for LNG – things aren’t going well. I figured it would be either Europe or Japan to go down first but Australia is the poster child for economic collapse.

          • Alwaystomorrow

            I do not count on anything. If they close tomorrow we will move to Dunedin, Florida within a Month.

          • http://www.mindbodygreen.com Kim

            Always good to be ready and have a back up plan. You’re right. Things can and do change quickly.

          • Alwaystomorrow

            Sometimes they change for the better too, not just for the worse.

          • http://www.mindbodygreen.com Kim

            True. Sometimes it has to get worse before it gets better. We all want it u be better. Hopefully we all agree on that. Maybe we also agree that there are signs that definitely point to a declining economy, right now.

    • http://www.mindbodygreen.com Kim

      Yeah we get it. We get your countdown. I think we all got it after the 20th time u posted it. It’s not a response anymore, it’s harassment. You’ve been asked to stop. Why won’t you? Why is this blog so important to you?

      • Alwaystomorrow

        Mike says the same thing in a different way every day. I say the same thing the same way every day.

        • http://www.mindbodygreen.com Kim

          So what. This is his blog. You’re a guest here and your posts are repetitive. It’s tiresome.

          • Alwaystomorrow

            See that little minus (-) sine to the right or our name? Press it and, walla, magically my comments dissappear. Try it.

          • http://www.mindbodygreen.com Kim

            Lol. Ok I see it. :-p

          • Alwaystomorrow

            I am glad you laughed because I really am just joking. :-)

          • lmarkievich

            I thought he liked your countdown? Oh maybe that’s before September and now that nothing bad is happening he doesn’t like it anymore. I like free speech. Sorry you’re not getting the respect you deserve.

          • Alwaystomorrow

            “I thought he liked your countdown?”

            His actions speak louder than his words.

          • John Doe

            Agreed. You should have been banned long ago. Shows what a nice guy Micheal is.

          • Alwaystomorrow

            Nice guy as long as you agree. Removing the countdown to me tells me it makes him look like he may be off on his timing,

          • John Doe

            Rediculous. Many here do not agree but are not removed. Not sure why you people read the blog but posting the same thing over and over is just stupid. You’ve made your point STFU.

          • Alwaystomorrow

            Do you think it would have drawn your attention as it did if I had just posted it twice?

          • Malcolm Reynolds

            Why do you assume that someone needed you to post it? Awfully arrogant considering…

          • Alwaystomorrow

            Anger and hatred are clouding your ability to effectively communicate in a meaningful and rational way!

          • http://www.mindbodygreen.com Kim

            Ya seen one countdown ya seen them all!

          • Alwaystomorrow

            So say you Mrs./Miss.

            Take another look and see if you come to the same conclusion.

            The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015.

            Published 6/25/2015.

            87 days until 12/31/2015.

            Lets do a count down until the end of 2015 and see just what happens.

            ——————————————————————————

            By Michael S, on July 31st, 2015.”And
            I kind of appreciate the countdown. It reminds people of my warning,
            and perhaps it will give some readers a renewed sense of urgency”.

          • http://www.mindbodygreen.com Kim

            Oh brother. Ok *irritating*

            I’d rather u go stream of consciousnesson us than post the same copy n paste every time he posts a new article. It just gets old and annoying, but if u gotta. . .

            Either way could get u deleted tho, but I am not gonna minus u. Your counter-down is not annoying enough to cancel out the interesting things u post here. That was a compliment. Sort of.

          • Alwaystomorrow

            I’ll take your complement, thank you.

            Just think, 88 days from now I will disappear never to be seen or heard from again.

            I will go get a tissue so you can wipe the tears away. 😉

          • Malcolm Reynolds

            Nice guy as long as you agree.
            No… nice guy as long as you know WTF you’re talking about. You don’t.
            Everybody’s timing is off, every single time. You’re still an obnoxious jackass.

          • Alwaystomorrow

            Anger and hatred are clouding your ability to effectively communicate in a meaningful and rational way.

          • Malcolm Reynolds

            walla

            WTF!? Oh, that’s that low info cretin in you showing again. Yea, the same low info cretin that causes you to post your garbage every day without even knowing what a collapse looks like (YOUR ADMISSION).
            Btw, it’s ‘voila’.

          • Alwaystomorrow

            Anger and hatred are clouding your ability to effectively communicate in a meaningful and rational way..

    • Paul Patriot

      I have relocated twice in the past 2 years, and what I have experienced is not even close to where you are living.
      The key to understanding the dire condition we are in this nation is to look at the big picture, not a local area. Take a road trip across 10 states for example, you will see the reality of the “change” promised to us.

      • Guest

        Well said.

      • Alwaystomorrow

        I believe you and wish the best for you.

      • alan

        The South has all but collapsed. I had to help move my son to Colorado so he could get a decent job. You can see it in peoples faces. You look around and everything is dead and run down looking. No construction at all. The only plus is mild winters to survive through.

      • afchief

        I travel the entire country by car around 240 days a year. I’m NOT SEEING IT. Highways are still packed with cars and trucks. Malls are packed. Restaurants are packed. Every where I go I’m not seeing a collapse.

        • Malcolm Reynolds

          Logical fallacy. Sorry, but you driving a road does not equate to ‘seeing it’.

          Oh, and America’s malls are NOT packed. That’s an outright lie. You’ll kindly go google America’s failing malls before proclaiming how wonderful they’re doing from the highway.

          • Alwaystomorrow

            Mr Reynolds, I would like to offer you my sympathy. From time to time I come across someone like you filled with hatred, anger and denial typically caused because they have never been loved or having no one to love.

            Mr Reynolds, I, Alwaystomorrow love you. 😉

            This is fun.

          • Malcolm Reynolds

            Au contraire mon frere, I’m not filled with hated. I’m filled with joy mocking a buffoon like you. I do this for laughs.

            and denial

            Always remember, YOU’RE the one that defines a collapse as great changes to your personal circumstance. That’s is the definition of low-info denial.

            This is fun. Will you post your blood pressure numbers after you read this please?

            I have physicals often for Scouting. My blood pressure and blood results are always perfect. So are my karate techniques. My physical fitness is without question – despite the bulging disks and arthritis in my back.

            Awwwww, now go back to whining like a b!tch.

          • afchief

            I’m not seeing it!!! I’m a project manager for a company that makes poultry processing machinery and I travel around 240 days a year. Every where I go I’m not seeing economically depressed areas. And most of the poultry processing plants are in the southeast.

            Unless people are living off their credit cards and filling their gas tanks on borrowed money, I’m NOT seeing it!!!

          • Malcolm Reynolds

            Actually defending the logical fallacy. Congrats. Lmao!

          • afchief

            Keep laughing because you cannot prove it.

      • Malcolm Reynolds

        The key to understanding the dire condition we are in this nation is to look at the big picture, not a local area.
        He rejects the notion that a collapse happens outside of some, as of yet undefined, large number of changes that he must undergo personally. Therefore I believe that mocking that low info buffoon for the things he says is better.

        • Alwaystomorrow

          Anger and hatred are clouding your ability to effectively communicate in a meaningful and rational way.!

          • Malcolm Reynolds

            Low info imbecility is clouding your ability to effectively disprove what this author writes about.

          • Gay Veteran

            LOL

    • doi

      Wal-Mart just laid off 450 Bentonville, AR the home base. Check it out, it’s legit.

      • Alwaystomorrow

        Wal-mart is a very well run company and is very proactive in their decisions. My wife retired from Walmart 6 years ago and my sister-in-law still works there. Both (store managers & district managers) made/make in the very low 6 figures so I love Wal-Mart and any decisions they make.

        • http://www.mindbodygreen.com Kim

          I won’t shop there.

          • Alwaystomorrow

            I don’t either. .

          • http://www.mindbodygreen.com Kim

            It’s fun to go in there at 3am tho. Just to see what kind of weirdos are in there and what they are shopping for. Sometimes I take my camera. Get off some furtive shots. I have some really funny pictures

          • Alwaystomorrow

            Is that avatar picture one of the “weirdos” you captured?……and yes I am just kidding.

          • http://www.mindbodygreen.com Kim

            You’re no fun. :-p

          • Alwaystomorrow

            If you really knew me you would be smiling in your avatar.

          • Ron

            That makes you a WEIRDO, don’t ya think?

          • http://www.mindbodygreen.com Kim

            Haha, yeah probably!

    • James

      Not where I live either.

    • John Doe

      *NO COUNTDOWN because it will get removed AGAIN.*

      YAAAH!!!! WOOHOOOOOO!!!

      Thanks Mod.

      • Alwaystomorrow

        Patience. I WILL be back. :-)

    • Malcolm Reynolds

      *****NO COUNTDOWN because it will get removed AGAIN.******

      Awwwww, lets have a pity party. Someone’s whining like a little beeee0tch again.

      1) I do not know one person
      logical fallacy. See: the highest labor force participation rate in decades.

      2) My companies fiscal year ended…
      Logical fallacy. The market is well off of it’s high and wealth inequality is the highest it’s ever been.

      3) Traffic around industrial areas
      Logical fallacy. Traffic does not equal economic utopia and you have no clue how full parking lots are.

      88 days left
      It’s STILL all around you, you’re just too low info to know it.

      • Alwaystomorrow

        Anger and hatred are clouding your ability to effectively communicate in a meaningful and rational way.

        • Malcolm Reynolds

          You only posted that 5 times. I hear if you click your heals while you chant, it becomes so. LOL!

          • Alwaystomorrow

            I already did that and you are correct, it worked.

          • Malcolm Reynolds

            I’ll have to take your word for it, your babbling is incoherent now.

          • Alwaystomorrow

            I would like to continue this but I have to close up my laptop and get ready to go home from another day at work. One 15 minute line call tonight in 8 hours at “work.”

            God bless America.

            Good Night.

          • Malcolm Reynolds

            I have to close up my laptop and get ready to go home from another day at work.

            Ahhh yes, stealing the company’s bandwidth. God Bless America.

          • Alwaystomorrow

            Management doesn’t have to steal.

          • VigilanteCaregiver

            You’re not management – don’t have the right personality type nor the mentality.

            You’re just another troll; nothin’ but noise.

  • El mico

    Why do you always insist this is a single persons fault?
    You can’t blame Obama for everything. He’s the tiny little head on a huge, festering pimple.
    The problems of the USA and the west in general are systemic.
    You don’t need to change your leader, you need to change the whole system.

    • Guest

      Where does the author lay the blame on a single person?

      • El mico

        Third paragraph.
        “Obama’s economy ”
        Might pay to read the whole thing.

        • Guest

          I did read the entire article. I read every article in entirety. I think it’s a reading comprehension problem on your part.

    • http://www.mindbodygreen.com Kim

      I agree –these economic issues are systemic and hardly attributable to one man. Conversely, Obama can hardly take credit for what he perceives as an economic recovery. Furthermore, he is lying to us and has been since day one.

      And besides, he is the president.

      • El mico

        You get what you vote for.
        Or if you don’t vote, it’s the same thing.

        • http://www.mindbodygreen.com Kim

          I disagree there. The whole voting-campaign-election process in the U.S. is a sham. Not voting or voting changes absolutely nothing. All candidates are equally bought and sold by overlapping media corporations. If the past 10 election cycles do not bear that out, the next 10 won’t. Nothing changes and the issues these frauds are campaigning on are themselves shams (transgender rights?) and become increasingly absurd with each election cycle.

          • Mike Smithy

            If voting actually made a difference, it would be illegal.

          • http://www.mindbodygreen.com Kim

            Haha so true.

          • Devil Hater

            Lucifer’s tale is starting to bend way down now. Stock market crash almost here.

          • Kent Harris

            According to John Williams of Shadow Stats, if we were to calculate unemployment using the same metrics as we did during the 1930’s, or even the 1980’s, we’d already be in Great Depression territory. Williams, who utilizes a reporting methodology that accounts for “long-term discouraged workers who were defined out of official existence in 1994,” notes that the real unemployment rate is rapidly approaching 25%

          • Dave

            True only if you voted for the D&R BS show. Gary Johnson ran also on the Libertarian ticket. Did you vote for him?

      • Devil Hater

        Next year is the year of the Yugga Cup? So get ready for A stock market crash.

        • HeyAHuman

          WTF is this Yugga Cup? Did you make that up?

      • afchief

        He is a scumbag!!!

        • http://www.mindbodygreen.com Kim

          Scumbag is too nice a word for him.

      • alan

        Our country is ran by bankers. Everything revolves around money. That’s why we can’t win a war or competently negotiate with foreign governments. And don’t disrupt the status quo!

        • hellonurse

          I saw in a newspaper that the American soldiers in the Middle East retreated when they were being attacked by Syrians!

    • James

      True, the problems of globalization, automation, increased productivity, lackluster corporate sales due to falling commodity prices and increasing savings rates,very few of these are Obama’s fault

      • Mike Smithy

        Really? It was Obama that increased taxes on the middle class. It was Obama that jammed the Unaffordable Care Act down our throats. It was Obama that ramped up the H1B Visa worker program that enabled big business to hire non citizens at a fraction of the price of U.S. citizens. It was Obama that refuses to enforce our immigration laws by allowing millions to enter the country which suppresses wages for the unskilled working poor.

        • C.L. Strasburg

          Cloward-Piven Strategy On Steroids.

          • Mike Smithy

            You are correct. First proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven, the Cloward-Piven Strategy seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.

        • kenfrombayside

          Stop massive legal and illegal turd world world immigration at once. The reason is simple for this government program to make whites a racial minority in a country founded by their ancestors: you are silent. This slow motion genocide is moving forward because most aware people are doing nothing. The invasion will stop and these troubling trends will start to reverse only when we say enough:
          – join the 2 million citizens’ army at numbersusa.
          – become members of immigration reform groups like FAIR.
          – always go to the polls.
          – when you get letters begging for money, return, in most cases, the free Business Reply envelopes with letters protesting our demographic replacement. For envelopes not free, it’s worth your while to send back.
          – Mow your own lawn and avoid restaurants.
          Don’t be part of the problem, be a part of the correct solution. ALL patriots must take action.

      • AzDi

        Do you have a job James? You are probably on the government dole.

        • Devil Hater

          Marc Dinger’s nose is almost bent down ward now. Stock market crash coming.

        • James

          Yes I live off stock dividends, bond coupons, stock photography royalities, and apartment rents

    • Vizar

      Not JUST Obama but the entire corrupt Elephant/Donkey crony system of political patronage and BIG money. Obama is a current big part of it but so was Bush, Clinton, Bush again, Nixon, Ford, Ronnie “The NOT so Saint” Reagan to IKE. I think Eisenhower was a good guy and great actual Republican who warned us about he military/industrial complex. We didn’t listen as we were happy allowing our country to be pillaged by the 1% and foreigners so long as we had sports, TV dramas, movie star dilemmas and Big Macs. Oh, and did I mention Jim Beam and Bud in the equation, lots of BUD and Beam.

  • active shooter nation

    vast majority of unemployed are young men,creating a very dangerous situation.millions of young men sittin around all day angry playin call of duty or cleaning their guns.and the msm just chooses to ignore and pretend “the improving economy”propaganda from Washington,best get used to the mass killings

    • warcoming

      Young men equals war machine. Get those guy’s into the military quick!

    • Devil Hater

      I am going to go into hell and slice satan in half. After that the whol world will be much better.

      • afchief

        You going to the White House.

      • http://erasemyboss.com Morbius Two

        Good luck ! Eat your Wheaties first.

  • http://www.mindbodygreen.com Kim

    So the question is, why do they want us to think everything is fine? They meaning anyone and/or everyone that wants “us” to believe such a thing?

    • Guest

      Because they want to remain in power. That’s how I see it.

      • http://www.mindbodygreen.com Kim

        They want to keep the populace complacent. Keep us in our place and keep us quiet and from asking questions. They know they aren’t really in control of anything. As we have seen before, things change very quickly. Each wave of economic downturn is worse than the previous and the coming downturn is no exception. Their lies have already been exposed over and over and over again to the point now that there is absolutely no excuse to keep denying reality. The lies that the governments keep churning out are completely exposed; anyone not perceiving it is lying to themselves.

        • AzDi

          Covering up their bad policies for years!!

    • Mike Smithy

      The answer is quite simple. The mainstream drive -by media is invested in President Zero and his failed economic policies. Therefore, they are unwilling to acknowledge the truth.

      • GSOB

        Controlling the media is deemed necessary for national security.

    • guest

      So that when they finally break the dam it will be a complete surprise.
      Catch everyone off guard and in the panic and confusion….. They produce THE solution.
      A little martial law, ( for your own good of course ), gonna have to round up those guns and ‘troublemakers’.
      The media will be selling the well worn – ” Nobody could have anticipated this disaster/set of circumstances /etc….. obedience is salvation for us all !

      • http://www.mindbodygreen.com Kim

        Exactly. we are all going to be caught off guard. Even those that claim they won’t, will be. And the events u mentioned that would follow– I agree with all of those too. And along with that they will ban religion and not only Christian religions, but all religious activity. This is, will be, a very tough time but it will be particular tough for religious institutions like the Roman Catholic organization. I can’t say I am sorry to see that go, but it will be astonishing to witness if I live to see it.

        • Gay Veteran

          “…And along with that they will ban religion and not only Christian religions, but all religious activity…..”

          quit wetting your pants

          • http://www.mindbodygreen.com Kim

            One can hope

  • uknownbutknows

    Wally mart just laid off 450 in Bentonville, AR. That’s 450 more people that will become painters and landscapers. Reason for layoffs? They had doubled or more employees for the same position and they are doing more online. Grocery pick-up and delivery stuff like that.

    • itscoming

      They raised the pay rates of their low wage employees. This cost them around a billion annually and they couldn’t get the suppliers to cover the cost. Also they have cut the hours of many of the workers at each store, asking workers to go home early. I had read several articles about this long before they announced layoffs.

  • robert

    It is particularly sad to read news accounts of thousands showing up for potential jobs when only a few jobs are available. Most people want to work. There is an underground economy that is not taken into account. Illegal laborers, prostitution among other vices such as drug dealing. There is a barter economy. People do what they can to survive and dang the laws and the “just-us” system. Bernie Sanders might make a bigger noise than he is now. People are afraid, angry and believe they are victims of a corrupt economic system. Of course they are correct. I am in the old generation and many, maybe most, of us are doing very nicely. We got in on the ground floor of prosperity. Our children are struggling and grandchildren are screwed. We have not seen generational conflict yet but it is going to get very ugly.

    • old fart

      The problem being the last 3 generations have been living far above their means and have no concept of actual thrift or denial of their every whim, Due to the media and Games they need instant gratification. Older generations have been exposed to hard times depressions and world wars and understand what bad governments can do to them, Unfortunatly we are in for a real education and a revisit to our basic needs not our wants. No person, Nation or business can survive on nothing but credit eventually the bills must be paid one way or another and both can be very painful

      • Mike Smithy

        The problem is that the current generation in charge of most things, (Baby Boomers)) have sold out their posterity. As a Baby Boomer myself, I can honestly say that history will not be kind to my generation for we have sold our children, grandchildren and great grand children into debt slavery.

        • Born after the baby boom

          Well said, thank you–not all Baby Boomers are so honest

        • Rick

          Many factors at play, quite probably starting with our public education system that has had at least 8 hours a day with our children and grandchildren over the past 40 years. They’ve slowly and subtley been taught the communist / socialist way. And right now with a third of the population unable to take care of themselves, we (they) have been conditioned to stick their hand out toward the government. At this point, what are the alternative other than Socialism which will ultimately destroy this country? We can’t give up our football, our wine, our pot, our cell phones, and gadgets, our 2 or 3 cars, 2 or 3 big screens, our children’s activities… The list goes on. Point being, we have become soft, spoiled, and brainwashed all at the same time, oh yeah, and broke. Not a good combination. So we just need to continue to vote for the guys and girls that will promise us the best free stuff… Right?

          • AzDi

            I actually don’t like it when everyone says “the baby boomers”. I am a baby boomer but a republican. In the 60’s & 70’s that is when things got turned around and it was the liberals aka democrats who took over the education system and the whole movement in government.

            Not all of us baby boomers were like that or a part of that. So, please, when you talk about them, put it into the correct perspective.

          • Rick

            AzDi, I’m not picking on you personally. I commend your service as a teacher. I’m sure you ran things fair and balanced in your classroom. My take is the greater majority of teachers and administrators, and parents who gave in, or were oblivious… Not necessarily you. Thank you for your words. In my case, a broad brush as they say is not always bad. And at age 53, I have the advantage of the failed divorced communistst system that does work to tear families apart. ,my parents were history when I was 11. I now know the short term, broad reaching, and intimate penetratrating, results/outcomes of divorce, and it cuts across socioeconomic and political lines. We can blame Ronald Reagan all day long, but it wasn’t just him, and as we know now it wasn’t just the 60’s

          • Gay Veteran

            republicans = democrats

            and the fascist corporate CEOs shipped MILLIONS of American jobs overseas

          • Rick

            You are right!

          • pulltheweeds

            so remember , vote early and vote often .

          • Mike French

            Commies! Scary. Socialists! Scarier. Republicans! Scariest

          • Rick

            As someone who know what republicans are capable of, I agree with you whole heartedly. And of course we know we can dump the few democrats who aren’t socalists, or communists into the same catagory.

          • http://lastdayrapture.blogspot.com/2011/08/jesus-said-at-last-day.html TK

            Well Written Rick!!

          • MargfromTassie

            It could equally be said that it is the capitalist consumer culture, with its emphasis on materialism and excessive self gratification that’s the problem, rather than democratic socialism. Laziness, greed, lack of the work ethic, lack of self discipline and personal responsibility occur under both capitalist and socialist systems. Many countries have a successful combination of the two, for example the Scandinavian countries, which have the highest standards of living in the world and the best educated populations.

          • Rick

            Thanks for your input. That is exactly why I prefaced with saying many variables at play. I simply pointed out one or two, and you’ve done the same. Always good to get as much information as we can from different people. That’s what in the past has made our country great, the ability to debate without having to kill each other. Now sadly it seems everyone is so extreme and divided, our little egos cannot take it if someone disagrees with us.
            In any event, I’d caution readers on the Swedish educational system. A few years ago we had a Sedish foreign exchange student who we now absolutely love as our own daughter. She had some interesting stories on their educational system. At about 4th or 5th grade they are each labeled, and given a tract that the state, or system chooses form them. So essentially, they have little choice. Her father was a teacher in what would be the equivalent, of our middle school, junior high age, and he was very frustrated. But as I mentioned, always good to listen to others. Thanks

          • MargfromTassie

            Yes Rick, I agree with you about there being too many little egos which cannot tolerate any disagreement. The world is a complex place and full of many cultures and political systems – some work well, some don’t, and what may work in one place won’t work in another. There’s a way of thinking called ‘dichotomous thinking’ which pushes people to choose between black and white extremes, to simplify, to generalise, to choose between one or other camp or ‘ism’. The truth of a situation is often in the gray. As you say there are so many variables. Reading other’s stories and viewpoints, from all around the world, via the WWW, allows us to grow in understanding and tolerance. One never ‘knows it all’ and IMO, life is about continual learning. In my early 60’s, I am still prepared to change my opinions or to vary my views in response to other perspectives or well-reasoned arguments. Nice to chat. All the best – Margaret, Tasmania – the island state of Australia.

        • hellonurse

          Even my mother and other Baby Boomers told me to go to college (even though something told me NOT to do that and to just work after high school), there were so many people telling me, and me trusting them that it will work out. Well, …I should have listened to my inner voice. I am now $50,000 in debt plus more. And parents say they know what’s best for us and not be a unruly teenage. I’ve been sold out!! I shouldn’t have listened, and they project that I’m not being a good daughter for listening to THEM!!

          • Fed up Taxpayer

            I never waste money on college, I worked during high school and they taught me a trade, then went on to bigger companies and they also taught me trades, just kept working my way up and I am currently way more qualified than all the college educated people and make a very good wage and benefits and should be able to retire in a few years with my home long paid off and no debt,,,College?? Yea Right!!!

          • Alwaystomorrow

            Sounds like my story and I make more than many of them too.

          • Fed up Taxpayer

            People like us will survive, I feel sorry for the kids who listened to the lies about your government will provide for you or you must go to college or you will never make it thru life.
            Who do you think an employer will hire?
            Someone who is experienced and might work for a little less or some one right out of college with no experience demanding far far more that they deserve.

          • Alwaystomorrow

            I would never discourage anyone from enhancing or furthering their education but there are ample opportunities for people who chose the route we did.

            It has worked well for me and in hindsight I would not do anything any different.

          • Fed up Taxpayer

            My neighbor’s son and daughter spent very large sums at USC and today they are working at low paying jobs that have nothing to do with what they paid (and went into debt) to get educated for
            Too bad they cant sue the colleges that lied to them!

          • greg eddy

            not all college graduates come to the workforce without experience. The people who have been working in the field have the on the the job knowledge but not the in between knowledge that colleges put into the students. I’m an IT graduate working on my second degree. I have a lot of experience in the field but still nobody will hire me. I also have industry certification. So in other words I have proven my knowledge of the field.

          • What’s it matter

            We should all quit working and watch the conglomerates go under.

          • Ahhrr Yekidding

            It is a good idea if you put in the work. You only get out of it what you put in. Just pick something you love and you will never work a day in your life. Because all of those jobs are already taken. lol no really it is a better thing to have a degree than not. And 50K? that’s nothing.

      • http://lastdayrapture.blogspot.com/2011/08/jesus-said-at-last-day.html TK

        +100 very wise words indeed

      • deeegeee

        That sums up my son-in-law to a tee !!

    • Devil Hater

      Union Pacific and BNSF railroads to fire most of their top people in Omaha and Fort Worth next year. Lots of train crews will be layed off as well. The Oil Coal Grain lumber and container traffic is slowing down now. All railroad police to be layed off next year as well.

      • greg eddy

        It seems to be happening across the board for all fields

    • SunnyFlaSnotress

      There should be laws guaranteeing citizens jobs before letting in and hiring immigrants.
      I bet Communist countries don’t do this kind of crahp to its citizens.

      • kfilly

        No, they just murder millions of people who don’t conform. That sounds so much better.

        • SunnyFlaSnotress

          Which country are you referring to?

          • John Tate

            Russia and China and Cambodia

          • Evil_shadow

            they murder millions of their own people? you know that Russia cant just kill few mill people and get away with it, irght?afterall they are small country(by number of citizens)(compared to US or even china)….

          • Ahhrr Yekidding

            His name was Stalin and now is a good time to look up what he did since everyone seems to have forgotten how much communism sucks. He started with Gun Confiscation, and it went downhill fast from there. Also Pol Pot, Mao Tse Tung, Hitler; he’s up there with the worst of mankind.

          • greg eddy

            Hitler was a fascist not a communist and actually Hitler was great for his people. by his people meaning his chosen people. He brought Germany out of the great depression. There is a reason he had so much support. He didn’t just command respect without earning it

          • Ahhrr Yekidding

            I don’t really care what label you give the guy, he was up there in the bad guy club for sure. And he started with gun confiscation.

          • Evil_shadow

            hmm.. isnt obama’s agenda just the same? war on terror has its own flaws too…like paranoia of govt that everyone wants to destroy them or their country so its THEIR DUTY to lock up or put under surveilance anyone or everyone they think it might be possible terrorist.This does kinda reminds me on hitler and stalin….

  • G21

    The last thing we need is another Democrat Party socialist/Marxist president.
    If (BIG if) it’s possible for America’s economy to be turned around, we need someone who will be serious about reducing spending and taxes, and someone who
    SUPPORT ISRAEL!

    • GSOB

      You mean ship or fly Jews scattered throughout the world to build a temple for God and offer sacrifices on it, later themselves to be butchered by antichrist?
      is that what you mean by supporting Israel?

      • Mike Smithy

        GSOB, Why do you believe Syria’s civil war is a threat to the U.S.

      • Gay Veteran

        “…Syria’s civil war is more a threat to the US then it is to any another nation…..”

        BS

    • Gay Veteran

      like a republican would be any better.
      support Israel? send YOUR money

  • rentslave

    The problem is that we have is one man,one vote.Why should a person who only votes every 4 years have an equal vote with someone who votes in every election?The former voter is the reason why Ohio,Michigan,and Wisconsin can be won by the Democrats on the Presidential level and the Republicans on the legislative and gubernatorial level.NJ has had 2 Republican Governors elected and re-elected in the past 22 years while the state hasn’t vote for the GOP on the Presidential level since 1988.

  • Craig Novak

    keep up the good work exposing the manipulations, smokes and mirrors…..looks like lies to me about unemployment. Yellen will not be raising interest rates with those numbers plus the last two months being revised downwards by significant numbers. It’s all a game to prop up a very floppy wall that is going to collapse one day soon when the emperor’s clothes are seen for what they really are!!!!! Lies!!!!!

  • James

    The reason this number is falling is because lots of Americans have been losing jobs lately

    Or that people have been retiring?

    • AzDi

      Gee James, could it be because of big government and the entire world going bankrupt?

      • James

        The US government is not big.

        The world is not going bankrupt.
        Could it because of low birth rates and unfavorable demographics?
        Could it be because of automation and other factors not controlled by Obama?

    • lmarkievich

      Retiring and then living for a very long time. Touchy subject and nobody wants to talk about how that affects the economy.

      • James

        Yes, longer retierments means increased spending for government services without a tax base to support them.
        The result of people not having children.
        Not Obama’s, Clinton’s, Bush’s, Carter’s, Nixon’s, Regan’s, or any presidents fault

        • GSOB

          The naughty, nanny state they all foster is to blame. The new deal…

          • James

            Or the fact that governments still need to provide infastructure, enviormental regulation, and defense.

          • Gay Veteran

            defense? you mean the bloated Pentagon

          • James

            Also, economic productivity slows when there is a smaller workforce as what is happening due to they greying of amrica

  • James

    The reason this number is falling is because lots of Americ
    ans have been losing jobs lately

    Or that people are retiring

    • JulietteofOhio

      At 70 and 73, my husband and I are still working. We can’t afford to “retire”, nor can many of our friends.
      We’re still good at our jobs, but that won’t last forever, and we’ve very, very, tired. Pensions have either been discontinued or are at the last of their resources. We have a house that is paid for, but WE paid for it over a long and difficult period. What financial cushions that were provided for the elderly after the Great Depression, have vanished over the years, and we have to compete with younger people/illegals, robots to make a living. We won’t be able to compete, so watch for a large die-off in our age group. You’re probably thinking “Good Riddance”, but we deserve some security, as well. Most of us worked hard for decades and have very little to show for it. Our house may be paid for, but we can’t afford the taxes to pay for the huge new schools being built in our area. Everything is about the “children” and the Teacher’s Union and Global Warming. At least we had a good run, for the most part.

      • Jerry C

        “Everything is about the “children” and the Teacher’s Union and Global Warming.” Exactly.

      • James

        That seems sad.
        Could you try moving to a low tax municipality?
        Try moving your money into an annuity after selling your house and use the rest as a healthcare backup.

        Best hopes,
        James

      • Gay Veteran

        plus zero interest rates have shafted savers like seniors

  • Cyber Revengeance

    102 million is huge number.

  • Bill G Wilminton NC

    All this by design …..the Federal Reserve Act was passed in 1913, so in a little over 100 years they have accomplished their goal. Now when will they pull the plug to force us to accept The New World Order. Read the Book ” The Creature from Jekyl Island ” you will understand.

  • Deformed Idiot

    Where I live in Texas, everybody seems very happy and the economy is booming even though oil is very low and what not. I dont see any signs of a recession or hard times. The malls are packed, the stores are busy and parking lots are crowded.

    • alan

      Go east into the South if you want to see collapse.

      • afchief

        I live in the panhandle of Florida. Not seeing it here. Tourism is still booming!

        • Alwaystomorrow

          I contribute thousands to your state every year.

      • Deformed Idiot

        I can imagine.

    • tomtombeat

      All done with credit cards, give the false appearance of “prosperity”. Same as here in the NYC metropolitan area. This economy is a total shambles.

  • Nick Tubber

    I don’t disagree that unemployment & underemployment is high. So why is iPhone 6s registering a record sale? Is someone going to tell me it’s the Chinese buying them up? I thought everything was crashing.

    • lmarkievich

      I wonder the same thing. Though, my Chinese friends do buy several iPhones at once when they visit the Pacific Northwest (tax free).

    • Marco

      Easy. Credit. With consumer debt ratios at all time highs, all it takes is a jump in interest rates to send the whole thing crashing down as people can then no longer afford to service their debt. This is why the fed can’t raise rates. Most consumers don’t care to look ahead when buying their new fancy toys, they only care that they have a low interest rate credit card or line of credit to finance it. Since nearly our entire economy runs on debt, when that dries up is when you’ll really start to see deflation/deleveraging.

      For a pretty good explanation as to how this all works, do a YouTube search for Ray Dalio – how the economic machine works. It’s not all inclusive and it’s kinda rosy in its explanation but will give you a good idea.

  • VigilanteCaregiver

    Job losses and layoffs are happening in Utah while a lot more new job’s and businesses are also beginning and hiring at the same time. We’ve had over 5% job increase the last several years. Local and State governments are backing off rights encroachment for the majority, working to limit the destructive minorities and deviants influences, and backing off the economy so new markets can open up. Everywhere we go there’s “Now Hiring” signs at every business. Some are getting desperate for good people and providing incentives to new hires and employee references. Even my own employer gently asked us not to look for another job! :)

    We do have a welfare problem; too many folks on the programs. Yet, since we won the rights to backyard agriculture the number of folks on EBT is going down due to new rules and rights to home food production. Families can raise their own food and local suppliers are ramping up to meet market demand for chicks, ducklings, and bunnies. Working now to legalize pygmy goats. The argument that these will lead to lower revenues for grocers didn’t pan out as folks can afford more varieties of food on their own to supplement their home production.

    Another good advantage is the local gold standard (made law several years ago.) State and Local Governments must accept gold, silver, and other precious and common metals at market price as payment for debts or taxes. And if businesses are so inclined can accept such metals as currency based on USD equivalent. Since these metal values fluctuate, not many businesses are accepting but more may yet with the dollar having problems.

  • Jazz

    Seems to be two economies – One for the poor and unemployed and one for Wall Street. The real economy (of and for the people) is showing serious signs of trouble ahead but the markets keep rallying. Looks like another up day tomorrow. Futures are up again. I still see the chance for new highs in the S&P and Dow by year end.

    • AzDi

      Cause of the federal reserve. But it can’t continue forever…..

  • Devil Hater

    If you have plugged up nostrils what do you do in A huge depression?

  • Devil Hater

    It looks like all of us people nostril holes are going to go crazy. When the world gets bad A nostril hole gets plugged up.

  • don’t_take_things_forgranted

    In SE Michigan, work places are closing. Food prices are up, really just the cost of living is expensive compared to wages. My husband’s job has cut hours by a lot! You used to be able to work 6-7 days a week and get overtime daily. Now a lot of the workers are complaining that it’s not even worth it to work there. They are working 5-6 days a week only 8 hours a day but most people make $14 an hour or less. We haven’t recovered from the recession, we’re still in it so when the next wave hits, it will be devastating!! Most people here live pay check to pay check and have loans on their houses and or cars. There will be lots of foreclosures again but this time I think it will make 2008-2011 look like nothing.

    • Phil from Germany

      Not just contained to the US, most of Europe looks like that now. Im self employed in a reasonably safe job, the money just isnt there anymore.

      • alan

        The Eu is screwed big time! Another year of refugees they might as well move the Iraqi and Syrian capitals to Germany.

        • Phil from Germany

          Going to hit 1,5 million alone in Germany this year. No idea who many more in the rest of Europe

        • Gay Veteran

          that’s the price our European vassals pay for supporting our wars of aggression in Iraq, Libya, Syria, etc.

  • XSANDIEGOCA

    Whoever is elected President will have a mound of dung as big as Mt. Everest to deal with. Our “acknowledged” debt is close to 20 Trillions. Our unfunded liabilities range upwards of 200 trillions depending on who you read. 50MM on food stamps. 14MM on disability. Hoards of illegals pouring in (the government averts its eyes). Robots taking jobs left and right (I even see Robots driving trucks!). I read the TPP is about to be signed. Like its predecessor NAFTA the Giant Sucking Sound will only get louder. Where the average man and woman fits into all this anymore I do not know. This we do know and as this excellent article points out, the situation is bad and getting worse. The government is lying through its teeth. There is going to be an explosion.

  • John Doe

    I’m gainfully employed at this point. Lost everything in 2008. Starting over. Not easy though. I just carried in $100.00 worth of groceries with ONE ARM.

  • alan

    We have to rethink our family structure in the US. We need to copy the Asians or we’re doomed. The family is everything, child care, bank, taxi, etc.
    We need to think third world to survive third world.

  • Marie

    Amen. I’m still trying to wake up a friend who’s been laid off multiple times in the past few years and is now delighted to be working (for a much lower salary) at Facebook–because they pick her up in their shuttle in the morning for free and have a free restaurant for employees. Seriously, she is hoping to stay there, like keeping Facebook going is somehow a good thing. What can you say to people like that?

    • CharlesH

      Thanks for your comment. What’s the old saying, oh yeah “no body likes a party pooper”. That’s how I feel when I try to give sound advice to a friend and I just get the ‘deer in the headlights look’. I know they don’t get it – they have what’s called: normalcy bias – they’re good with what they have and to them everything is fine. I’ve just gotten to the point that if someone asks me for advice, I give it to them – if they don’t, hell with it. As far as FaceBook – please – don’t even get me started. That – singularly – is probably one of the worse things to have ever been invented.

    • hellonurse

      She’s blind. She’s fighting for crumbs! She’s worth more than that, but she’s not willing to fight for her worth. She, and plenty of others) was made to believe that she must do ANYTHING to get something, even if it’s unattainable. Fight for something unattainable that will never, ever, happen, hoping that it opens up, but won’t.

  • Chris Sky

    Obamanomics.. almost HALF the country is out of work… but we have 5% unemployment and Americans have never had it better!

  • Stan

    I’m still wondering how this POTUS, this administration has been able to get away with this big lie for this length of time. If anything, they are good in sales……

  • dan

    The real problem is that is it to expensive to start a small business to employ people since most go to big box stores for their shopping. When was the last time you went to a non franchise store? No one is creating new jobs for these people. Also it is a lot harder to start a business then to just work for some one else. And then you get a job you complain about everything about it to everyone. I guess no one is thankful any more. The government employed more people then manufacturing dose and that is what happened in Greece, the government was the largest employer of people. If you do not see a problem with that then that is scary!

  • Anamaria Suciu

    You can be unemployed but not looking for a job. For instance I’m a farmer so I don’t have a job, but I’m not looking for one either. may be now more people prefer working for themselves.

    Everyone that has a small business or is working from home, freelancing, blogging, selling stuff on ebay or whatever, is not employed AND not looking for a job.

    • John Doe

      BS ^

    • HeyAHuman

      If you are making at least $9500 per year (only $5800 as a dependent), then you’re being taxed, and thus not “unemployed”. Check your facts.

  • kenfrombayside

    I was laid off over the summer and now I get $299 per week in unemployment. Plus the Feds are subsidizing my Obamacare. I was a right winger who railed against welfare and those not working. So far networking has not yeilded the desired results – people pretend you don’t exist when you inform them that you are not working – and now I have to work thru staffing agencies which only have a 5% success rate.

  • Richard O. Mann

    It is the end of the Western European and American governments. Obama is doing exactly what he was put in office to do. Destroy America and help set the rest of the world up for the coming end of the age of Christianity. The actions of Russia, Iran, and Syria are signs that things are on the verge of going critical mass. Islam is taking over Europe and Obama is getting as many as he can into the US. Attacks are starting in the US on Christians and have been going on for years when it comes to the values this country and Europe were founded on. Are you ready for what comes next?

  • DJohn1

    We have an entire economy based on the American Worker.
    Who pays the tax bills? It isn’t the major corporations right now with their jobs going to cheap labor everywhere but here.
    Or farming the work out to places like China and India . . .
    When the American Worker did well, we negotiated with professional negotiators in the Unions.
    When Industry here did well it was because they fed the economy of workers everywhere, whether or not they were union.
    What has to be asked is who benefited from these same corporations going overseas?

    Who went bankrupt because American Workers could not find jobs here because they were in unrealistic competition with workers in poverty stricken countries world wide?
    The sick thing is the same corporations cut off their own feet by doing all this abroad jobs. Because now the country economy has gone south. Literally.
    Ask your local Republican bought off politician about it. You will get a lot of bull from his office. And that is what it is all about. Corporate America has bought off the politicians of both parties.
    Along comes a billionaire. He sees it for what it is. He tells it like it is. The entire bought off crowd of Washington D.C. is in trouble because people actually think he is telling them the entire truth.
    It is time to change all of that. It is time to renegotiate.
    Because the alternative is much worse.
    That is basically why we have so many candidates running against one man who is cleaning their clock in the polls.
    It is time for a new rule book with a new deal for the average person buying retail goods in this country. And that is the hardest thing to swallow because when it happens we are going to pay big time to get things back to normal or as normal as they can be.
    The trick is to put us on an even working basis with the world. And that is no easy trick to make happen.
    It means taking Anti-trust off the table for our auto industry.
    Let the big three merge. On condition that the jobs stay here and wages are negotiable. Not only do away with anti-trust, put our companies on a paying basis with the world.
    That means government has to supply the funds to develop a completely polution free car in the near future.
    And it has to be reasonably priced so an average citizen anywhere on the planet can afford a version of it.
    The jobs are not negotiable. They stay here in the good old USA.
    Any country with a currency exchange has to be based on commodities sold everywhere. Meaning if a dollar buys a dozen eggs in China then it buys a dozen eggs here. It is called finance and appraisel.
    That means they do not get to kill our industry like they have done.
    I think it can be done. I am no expert on how to do it but it can get done with the right people in charge.

  • keepmoving

    Based on my experience, the majority of jobs in the “workplace” are revolving door jobs. For example: my former employer just had another layoff. In the county where I live, the majority of people have either known somebody who has worked for my former employer, or have worked for my former employer themselves. You will rarely meet any retirees who have made my former company a career.

  • Civics201

    Part of the problem is that both parties cater to big business to such an incestious extent that the ability of small business to compete, or even start up, is severely compromised. Small busness drives job growth by out competing less nimble larger companies and supplanting them or carving out new niches in the economy. The favoritism of too big to fail allowing the growth of union friendly large companies allows money to flow back to both the Dems and Repubs in a corrupt feedback loop. Unfortunately, this is the same socialist / fascist government model seen prior to World War II in European counties of note.

  • watchmanonthetower

    “…a grand total of 102.6 million working age Americans that do not have a job right now.”

    Including the crew of the missing cargo ship, the El Faro.

    Forgive the OT question, but: does anyone know what that ship was carrying? Not sure where to look for that data…

    This story has an aspect that ‘doesn’t feel right.’ A number of relevant questions about its position, heading, proximity to the storm – which wasn’t a surprise to anybody with a pulse much less a seasoned salty sea captain – and the alleged debris discovered today. It rings like an edgy echo of some recently missing air flights.

    Or it’s nothing. Anyway, back to the tower…
    ~W

  • Jazz

    New stock market highs on the way! Dow up another 300 points. S&P almost back above 2,000. Looks like collapse won’t happen in 2015.

    • John Doe

      Tell that to the 1000’s who lost their job last month dip sh**

      • Jazz

        An economic collapse on this blog has been presented as partially related to stock market crashes. Yes there are other factors but there has been a LOT of discussion about the markets crashing.

        So you can’t have it both ways. In other words when the stock market keeps going up rather than down you can’t change the definition and say oh well people don’t have jobs so it is collapsing.

        BTW thanks for the name calling. You must be a liberal because whenever most liberals are presented with facts they resort to name calling. Lmao

  • max gon

    What economic crisis are you talking about? Dow up 300 points.

    • John Doe

      Most don’t own stocks. Ask the 1000’s who’ve lost their job last month.

      • Jazz

        Yes I guess that is the extent of the financial collapse – those who don’t have stocks and a job will get left behind while the markets head back to all time highs and the wealthy get wealthier. This is despite record numbers who are either unemployed, under employed or now off the radar.

        The issue is that most who have work, invest in stocks, and are doing well financially will continue to prosper. Income inequality will get worse and America’s demise will be slow and painful.

        I still don’t see any evidence of an imminent collapse but rather a slow and drawn out fade from greatness unless we change drastically. It is all about confidence. There is far too much confidence in America for a collapse to come anytime soon.

        • John Doe

          BS. If you’re familiar with Micheals blog you know there will be no sudden collapse. Rather waves, which we are witnessing. Those who lost half of their 401K are struggling to see it bounce back yet the next wave is upon us. Confidence? LOL

          • Jazz

            Well if people invested properly their 401ks should be well above where they were prior to the last financial crisis in 2008 and 2009. It’s only those who bought high, sold low, and then waited to get back in that still haven’t recovered.

            The markets are up over 100% since the crisis unfolded. Even if you lost 37% during the last crisis you should have a balance at least 25-30% above the previous high. If not, then the investor did not do a good job managing their account.

            As for the timeline, you can’t have that both ways either. Issuing a red alert for the last 6 months of the year AND then saying oh well it’s going to unravel slowly in waves.

          • John Doe

            From the Red alert:

            “To clarify, when I say “imminent” I do not mean that it will happen within the next 48 hours. And I am not saying that our problems will be “over” once we get to the end of 2015. In fact, I believe that the truth is that our problems will only be just beginning as we enter 2016.”

            Where does it say the end of the world in six months? You and that idiot always-tomorrow have a serious lack of reading comprehension.

          • Jazz

            From the original alert, “Based on information that I have received, things that I have been told, and thousands of hours of research that have gone into the publication of more than 1,300 articles about our ongoing economic collapse, I have come to the conclusion that a major financial collapse is imminent. Therefore, I am issuing a RED ALERT for the last six months of 2015.”

            To me imminent means soon as in the collapse will take place within the red alert period. Why issue an imminent warning if it’s not going to happen until 2016?

            I’m not trying to be nit picky but something cannot be both imminent and many months or years away. Also I never said Michael was predicting the end of the world. He does bring up markets crashing as a sign of collapse and I have just been stating the obvious – the US markets are NOT crashing. So far we have had a VERY minor correction and the markets appear to be heading back to normal.

            I have said several times that I too believe America will eventually experience a financial collapse but I see it being at least a few years away.

          • Alwaystomorrow

            Your interpretation is the same as mine, then again I am only Alwaystimorrow,

          • John Doe

            So, the collapse is a “few” years away. I’ll start the count down.

          • Alwaystomorrow

            I have built a reputation around my countdown. For $3,500 I will endorse and support your countdown for 3 months.

          • Jazz

            Lol. Weren’t you the one saying I couldn’t read? I said, “but I see it being at least a few years away.” Do you know what the words “at least” mean? Meaning I believe a US financial collapse COULD happen in a few years or more.

          • Alwaystomorrow

            Hay Hay, careful.

  • greanfinisher .

    The common denominator to most of the world’s misery (including our own) can be traced right back to the crony Washington politicians.

  • Fed Up Taxpayer

    And our stupid insane government keeps inviting tens of millions of Illegal Invaders to soak up the last remaining jobs, last remaining welfare, last remaining housing, and the last drops of water (in California)
    How about they give me $4,000 a month tax free for life and those Illegal Invaders can have my job, apartment and water,
    I will move to Idaho and watch the big cities burst into flames when the idiots in government finally bankrupt us!

    • John Doe

      How un-American of you. You don’t want to get up at 3AM and put your nose to the grind stone for twelve hours a day, six days a week to support those less fortunate while Government officials get filthy stinking rich.

  • Sean Govan

    Michael,

    Answering the question at the bottom of your article: no, not yet. But the factory where I work is getting fewer and fewer orders and we are getting less and less work every month. Our boss is very open with us. He lets the workers know how things are going upstairs, and he has let us know that orders per day have dropped drastically since August–more than nine percent. This is historically our slowest time of the year (we make custom sinks and showers), but even then we usually keep growing, or at least hold about even. This is very unusual for us. We’re all doing really short days right now, about seven or eight hours, and during those eight hours the product comes down the line pretty slow. In fact, there are times when we’re just standing around with nothing to do. They have way too many workers for the current workload.

    I know that it’s not due to the competition, because our competitors are going out of business. Every month of three months, another competitor decides to quit casting, and we sometimes set them up as a dealer for our products.

    So people aren’t buying more from the competition. People just aren’t buying much, period. At least that’s how it seems to me.

  • Rufus T Firefly

    Bunch of lazy slackers on welfare.

    • John Doe

      Careful with the arrogance. You may find yourse unlemployed sooner than you think.

  • Barry Goldwater

    In my community I can drive around and show you entire streets block after block populated by persons of all ages who never work . It is the same in all other nearby communities. Their most strenuous activity is most likely surfing the internet.
    2.1 million people have left the workforce since February and the defenders of our slide to third world status would have you believe they don’t want to work. We may well add another million to this number by December 31.
    The larger question is the cost to the nation in terms of lost GDP, lost productivity, lost tax revenue as well as the impact upon what’s left of the American family. Idle hands are indeed fertile ground for the development of illicit activities. Liberals have deceived themselves that we can continue to see millions leave the workforce and all will be well.
    I feel otherwise but time will tell since there’s no indication Americans are tired of the current trajectory.
    Can anyone remember the heady days of an America who looked forward to advancing prosperity rather than a steady but controlled decline to an empty third world nation who stands in line with a porridge bowl ?

    • Sandbagger

      “Please sir, may I have more?”

      I remember when.

      “Blue skies, smiling at me. Nothing but blue skies, do I see.”

      What ticks me off are the kids like the one in the pic. They are not standing up and demanding their chance. Did public school teach them to sit down and shut up?

      Of course it did.

      Google: The Best High School Valedictorian Speech by Erica Goldson

      • Barry Goldwater

        Excellent point sir. It seems that aspirations are a thing of the past replaced with resignation to the mundane and meager. It’s reminiscent of the pics we see from present third world countries. Abject poverty crushes the human spirit.
        I suppose this is why so many people are content to live in basements and under bridges etc. they no longer believe it’s possible to do any better.

    • euler

      wow so true and reflective

  • Itanimullikcuf

    Dow Jones is 304 points up. Jazz is right. No collapse. Bull market is back in business.

    • Jazz

      Right on! S&P is just 7% from its all time high (147 points). Dow is now just 9% from highs (1575 points) and Nasdaq is only 9% from its high (450 points). With so much money now on the sidelines, that money could easily drive the markets much higher by year end especially if things settle down overseas.

      Today was a good sign of higher highs ahead as beaten down investments rallied hard – energy, materials, industrials, high yield bonds, emerging market stocks. What led the downturn is leading the charge higher. That is one of the 1st signs of a recovery taking place. We are not out of the woods just yet but it definitely is encouraging.

      • Itanimullikcuf

        You never know when it’s going to fall a much again. It won’t go very high. It will be a bumpy road. Up&Down, Up&Down. Rinse and repeat.

        • Jazz

          I agree. Without a positive or negative catalyst we will stay stuck in a range like the markets were prior to the summer correction. There are so many bubbles any one could pop at anytime or we could go much higher before one pops.

  • Sandbagger

    Am I the only one who thinks that pic is of a frat hazing?

    In our area, we go by the amount of people who show up for food assistance. The demand is up, so unemployment/underemployment is also.

    Has anyone noticed disappearing homeless?

  • Isaac

    I like to hear from others out there about their experiences after graduating from college. Is it true that there are people with masters and doctorate degrees working jobs like in McDonalds?? So many students graduate, but are saddled with debt. I know someone he graduated from a prestigious university with a bachelor of science degree, but he’s working a part-time job earning a wage akin to someone out of high school! I couldn’t believe it.

    • lmarkievich

      No, I don’t know anyone like that. My friends that are struggling didn’t graduate from college. Those of us that did have good jobs but are still saddled with loan debt. Most of my friends don’t buy houses, that’s the difference I see, lot of high rents over 1k/ month. Took me until I was 35 to buy a house. Also people not getting married until later, loans and life in general causes stress and no time to date. Kids,forget it. More likely the high school grads breed.

    • http://www.mindbodygreen.com Kim

      I graduated with a law degree some years ago. I do have outstanding student loan debt but I am current on it. But I’m worried that it could change. Do I think it was worth it? Not really. I mean I’m glad I’m educated and the benefits of education aren’t limited to income opportunity. I do feel I got a good education. I don’t feel it was worth as much as I was charged for it.

      I wasn’t successful in my field. I loved learning but I didn’t like practicing. The working environment was overwhelming…I worked with some of the slimiest attorneys and was asked to do things that weren’t necessarily unethical but i wasn’t proud of either, so I quit. I switched areas of law and lasted another year before I gave it up entirely. Now I’m working part time jobs and struggling quite a bit, but over all I am happy.

      My daughter recently graduated from University of Oregon and she immediately got a job as a youth counselor. It’s low paying but it’s a 24 hour facility with opportunity to work long hours if you’re up to it. The only way she makes end meet is by working 16-hour days.

  • Tatiana Covington

    You know, I’ve seen something like this before… a large country drifting into an unproductive malaise, inflation, joblessness, and such…

    Weimar.

  • AmericaWeAreScrewed

    1 out of 3 Americans is unemployed?! And, $19 Trillion (and still growing) debt! Yikes! We’re screwed! Any solution to this GigaProblem? Suggestions?

    • Mike Smithy

      The only way out is a total global reset and imprison the politicians and banksters that got us to this point.

  • Elizabeh Fogle

    I live in an area that depends on coal mines. Two mines in the area have shut down, another will be shutting down. The last mine in the area will be laying off right before Christmas. The economy in my area depends on the mines! My area is already feeling the affects of the next depression.

  • masmpg

    As Obama brags about increasing jobs and improving our economy most Americans actually believe him. It is far too bad that so many Americans rely totally on the very effective stupid box for absolutely all their information even after it has been proven to be wrong most of the time. Just looking at this graph would cause many Americans to bury their head even deeper into the sand of the mainstream media. Wake up Protestant America.

  • GetReal4U2

    Are job losses and layoffs starting to happen in your area?
    Chesapeake Energy laid off 20% of it’s workforce…it’s going to get a lot worse…

  • mamikel

    The US have been running a population ponzi scheme which has seen the country rocket from around 152 million in 1950 to about 320 million currently. While the rich benefit through growing returns to capital expenditure giving rise to extreme inequality, growing numbers (particularly in unskilled labor markets) compete for depressed working conditions while at the same time, jobs are off-shored or automated.

    All economic recovery historically has been preceded by slower population growth or population decline. Unfortunately, the conditions that give rise to slower population growth are often inhumane.

  • F

    There’s a job fair in Green Bay, WI. There is 100 employers looking too fil 1700 hundred jobs.

  • Rick

    Paul, I know your frustration. And I agree with you, however, we are talking about two different subjects, although indirectly related. The leaders of industry today were trained up in our public schools and liberal universities over the last 30 years. What have they been taught? America is bad, socialism is good. If you want to lead a company as CEO, then you must embrace globalism, aka socialism. Right?

    • greg eddy

      Globalism is the exact opposite of socialism. Socialism is closer to being isolationism

      • Rick

        See it as you will Greg. Globalism is the New World Order. Who do they use to do their bidding? Socialist. Who do they kill off first once a bit of control has been established? The useful idiots, i.e. Socialists… It’s always been that way.

  • greg eddy

    The military communications Harris telecommunications just had a layoff at the beginning of the month and have announced plans to have another layoff in December here in lynchburg

    • What?

      newsadvance.COM/work_it_lynchburg/news/harris-corporation-cuts-jobs-in-lynchburg-cites-market-slowdown/article_6b1c1eae-2726-11e4-9628-0017a43b2370.html?mode=jqm

      Interesting.

  • Ahhrr Yekidding

    Capitalism is responsible for the best life mankind has managed thus far. We are better off as a race ( human ) than ever before in history. Poverty is nowhere near what it was 50 years ago anywhere in the world. Sure there’s plenty of poverty left to go around but that will never go away. The USA has been the best hope for mankind the world has seen yet simply by not becoming a brutal dictatorship of the sort that most governments have devolved into int the past.

    • Evil_shadow

      Are you saying that US ISNT brutal regime?! maybe from your standpoint, but in reality US is THE SAME as was Soviet union on its best days.You must be blind if you are not seing what kind of live people live in US.Its not my duty or anything to show your own country, but sooner or later you will have to admit that glory days of US are long gone and all that is left is tyranical laws, failing economy and industry and poverty stricken land.

      • Ahhrr Yekidding

        The idea that is America is worth saving even if it has slipped recently. Now that we have hit BaRock Obottom perhaps we can wake up and restore the greatest hope for mankind in history. USA

    • MargfromTassie

      Unfortunately Ahhrr, the US is no longer the beacon of democracy. One of your major Universities has even said that the US now fits the standard definition of an oligarchy. Because of the unregulated excesses of capitalism, the immense power and greed of the big corporations and the military-industrial-security complex, the US is fast becoming a fascist state. This was famously forewarned by both Eisenhower and Kennedy. The general media-driven culture has become excessively obsessed with materialism, celebrities and personal self gratification. 43 million people now on food stamps, a pathetic minimum wage in most states, an over-expensive and discrimatory health system, the offshoring of millions of jobs by greedy companies – the US is not the great country it once was. There is still much that is good – especially about the American people, but you really need to replace most of your currently serving politicians with people of integrity who genuinely have the interests of the average Citizen at heart and who cannot be ‘bought’ by TPTB.

      • Ahhrr Yekidding

        Yes we have some problems but as a method of governance the founding fathers had it right.

      • Ahhrr Yekidding

        The system isn’t capitalism currently either. More of a crony capitalism for a while now. But it beats communism.

        • berrybestfarm

          Not in it’s pure form but that requires a mind set of share and share alike which is not in our genetic nature.

  • Ahhrr Yekidding

    Yes. We are.

  • berrybestfarm

    I was in our local Bi-Mart yesterday. They put up a sign for seasonal employment as I was walking in. I picked up an app and was told I was the 8th person to pick one up–in 15 minutes

  • SeaMunster

    Not in the labor force- “This catch-all category is largely comprised of several notable segments of the population, such as young, elderly, homemakers, and military. However, it includes others who are either unwilling or unable to engage in productive activities for assorted reasons.”

    If this above is true, I can imagine that 1/3 of our population is either too young or too old to work. Plus it seems some other people just get lumped into that category. So according to Google the US has a total of 318.million people. Out of that 94.7 can’t work, so 224.2 should have jobs or be able to work if jobs are available but it seems there will always be a jobless gap, how normal that gap is largely debatable. That seems about right to me.

  • rkb100100

    They’re eating and they don’t work? I wonder how?

  • Piglet

    This summer I applied for one of two Amtrak conductor positions. According to the Amtrak HR people, about 1000 people applied. (Yes, 1000.) About 80 were selected to come in for testing, and from that number some were picked for interviews to fill just two positions. This was for jobs with very low pay, very irregular workdays and hours (as a junior employee you’ll work nights, weekends, holidays), lousy conditions (all weather), long hours (12 hours), long weeks (six days on, one off), high turnover, etc., plus you’ll face very unpleasant passengers on a daily basis. And no one ever said they thought Amtrak, or any other railroad company, was a fine employer, yet desperate people are trying to get any job they can. It really doesn’t matter if you have applicable training, experience, etc. There are simply too many people applying for far too few jobs, and those jobs don’t pay much.

  • Ahhrr Yekidding

    Wow Evil you have a grim view of the world. We as a nation are unique because of the founding documents that give Individuals freedom. No other system of government has favored the common man over the collective before. The USA Is responsible for the best human conditions in history. There are a lot of things that need fixin’ and tyranny is always trying to rule the world but USA is the best hope for mankind. If we can just get it back from all the lunatics. Lol

    • Evil_shadow

      I wish that you succeed 😀 .AS for my views; my family lived during socialism in Yugoslavia (from early 50’s to late 80’s) and it wasnt that bad at all.Sure it wasnt the best thing you could have but it was far from what some sees as Socialism.Your forefathers knew well what can(or will as it seems under obumer) happen if govt goes over their heads,but you know that we have evolved to work together, take care for each other and enjoy life together? In some instances collectivism isnt so bad, but it must be controlled otherwise you get what Soviets had during crazy Stalin reign.US used to be beacon of hope, but all has changed in last 40 or so years (i’d dare to say that breton woods cancelation and petrodolar brought only the worst from US), on worse.I hope that you can kick those SOB’s out of office and restore what they have destroyed 😀

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