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

The Prepper's Blueprint

The Mystery Of The Shemitah
Don't Buy Survival Food Until You Read This - If you stockpile the wrong foods, you could be setting your family up to starve. It sounds harsh, but the truth is too many people with good intentions are making critical mistakes with their food stockpiles. Watch this video now >>
The End of Obama? Approaching Obama scandal could change the White House Administration and our country overnight... Click Here
Gold Buying Guide: Golden Eagle Coins

Archives

Young Living Thieves Oil Spray

There Are 100 Million Working Age Americans That Do Not Have Jobs ***UPDATED***

The unemployment crisis in America is much worse than you are being told.  Did you know that there are 100 million working age Americans that do not get up in the morning and go to work?  No wonder why it seems like there are so many people that do not have jobs!  According to the federal government, there are 12.6 million working age Americans that are considered to be "officially" unemployed, but there are another 87.8 million working age Americans that are not working either.  The federal government considers those Americans to be "not in the labor force" so they are not included in the unemployment rate.  In fact, this is one of the key ways that the government manipulates the unemployment numbers.  The Obama administration would have us believe that the unemployment rate is going down and that that since the start of the last recession about as many Americans have left the labor force as we saw during the entire decades of the 1980s and 1990s combined.  Of course that is a bunch of nonsense, but that is what the Obama administration would have us believe.  The truth is that the percentage of working age Americans that are employed is just about the same right now as it was two years ago.  It was incredibly difficult to get a job back then and it is incredibly difficult to get a job right now.  So don't believe the hype that things are getting much better.  If you still do have a good job, you might want to hold on to it tightly, because there is not much hope that things are going to improve significantly any time soon.

The first chart that I have posted below shows the total number of "officially" unemployed workers in America.  According to the Federal Reserve, that number is currently 12,673,000.  This chart makes it look like the employment picture in America is getting significantly better....

But if you dig deeper into the numbers you quickly see that this is not true.  A lot of those workers that were formerly classified as "unemployed" have now been moved into the "not in labor force" category.  Since the start of the last recession, the number of Americans not in the labor force has risen by more than 8 million according to the Obama administration.  The total number of working age Americans not in the labor force now stands at 87,897,000....

So when you add 12,673,000 and 87,897,000, you get a total of 100,570,000 working age Americans that do not have jobs.

Yes, there are certainly millions upon millions of working age Americans that do not have jobs and that do not want jobs.

But you have to be delusional to believe that there are nearly 88 million working age Americans that do not have jobs and that do not want jobs.

The Obama administration tells us that the labor force participation rate is now the lowest it has been since 1984.  But back then, a very large percentage of women were staying home and raising families.  The percentage of stay at home mothers has declined steadily since then.

So the truth is that the employment statistics that we are being fed are not portraying an accurate picture of what is really going on.

As a CNN article recently explained, there are millions of Americans that say that they would like to have a job even though they have not been "actively" looking for one in the past four weeks.  If those people were included in the unemployment rate, it would immediately shoot up to around 11 percent....

About six million people claim they want a job, even though they haven't looked for one in the last four weeks. If they were to all start applying for work again, the unemployment rate would suddenly shoot up above 11%.

If you want a much more accurate picture of what is really happening to the employment situation in America, the key is to look at the employment to population ratio.  As I have written about previously, the percentage of working age Americans that have jobs is not increasing.

Let's take a look at the employment to population ratio for the last six years for the month of March....

March 2007: 63.3%

March 2008: 62.7%

March 2009: 59.9%

March 2010: 58.5%

March 2011: 58.5%

March 2012: 58.5%

The percentage of the working age population that had jobs fell rapidly during the recession and it has stayed very low since then.

When Barack Obama tells you that "America is going back to work" he is lying to you.

The cold, hard reality of the matter is that there are millions of hard working Americans that have been sitting at home for years hoping that a new job will come along.

Back in 2007, approximately 10 percent of all unemployed Americans had been out of work for one year or longer.

Today, that figure is above 30 percent.

The average duration of unemployment in the United States today is about three times as long as it was back in the year 2000.

And according to a recent Wall Street Journal article, the number of announced job cuts is actually rising again....

Also, announced jobs cuts rose 7.1% in April, according to Challenger, Gray & Christmas, to 40,599 — and up 11.2% from last April — another bit of evidence that the jobs market isn’t doing well.

Economic conditions in the United States have been steadily getting worse for quite a while, but that is not the only reason for our employment problems.

There are two other trends that I want to briefly mention.

1) A lot of jobs that used to be very labor intensive are now being replaced by technology.  Thanks to robotics, automation and computers, a lot of big companies simply do not need as many workers these days.  Those are jobs that are never going to come back.

2) As labor has become a global commodity, millions upon millions of U.S. jobs have been sent overseas.  Today, you are not just competing for a job with your neighbors.  You are also competing with workers on the other side of the globe.  Unfortunately, it is legal to pay slave labor wages in many of those countries.  By sending our jobs out of the country, big corporations can also avoid a whole host of rules, regulations, taxes and benefit payments that they would be facing if they hired American workers.

So U.S. workers are at a massive competitive disadvantage.  Why should a big corporation pay 10 or 20 times more for an American worker when they can pad their profits by exploiting cheap foreign labor?

The sad truth is that the value that the marketplace puts on the labor of the average American worker is continually decreasing.

This is making it much more difficult to find a job and it is keeping wages down.

In the old days, pretty much any man that was a hard worker and that really wanted a good job could go out and get one.

But now all of that has changed.  Back in 1950, more than 80 percent of all men in the United States had jobs.  Today, less than 65 percent of all men in the United States have jobs.

And sadly, the vast majority of the jobs that are being lost are good jobs.  As I wrote about the other day, 95 percent of the jobs lost during the recession were middle class jobs.

So how are middle class families making it these days?

Many of them are going into tremendous amounts of debt.  As a recent CNN article detailed, the average debt load being carried by those of us in the bottom 95 percent of all income earners has risen dramatically over the past several decades....

In 1983, the bottom 95% had 62 cents of debt for every dollar they earned, according to research by two International Monetary Fund economists. But by 2007, the ratio had soared to $1.48 of debt for every $1 in earnings.

Unfortunately, many American families are absolutely maxed out at this point.  According to one recent survey, approximately one-third of all Americans are currently paying their bills late.

If your goal is to live a middle class lifestyle, you need to realize that the entire way that the game is being played is changing.

In the old days, you could start out with a company as a young person and stay with that company until you retired.  If you worked hard and you were loyal, there was a really good chance that the company would recognize that and be loyal to you too.

These days, most companies are absolutely heartless when it comes to their workers.  The good job that you have today could be gone tomorrow.  Workers are increasingly being viewed as "liabilities", and there is a good chance that the moment you become "expendable" to your company you will be kicked out on the street.

That is one reason why I am encouraging people to consider starting their own businesses.  If you work for someone else, your security can be taken away from you at any moment.  But if you work for yourself, you aren't going to get fired.

Unfortunately, tough economic times are coming and things are not going to be easy no matter what road you take.  It will be imperative to work harder than ever, to stay flexible, and to never, ever give up.

***UPDATE***

Since the monthly jobs numbers were released on Friday I thought I would update this article to reflect the latest figures.

The federal government has announced that the unemployment rate has declined to 8.1 percent.

That certainly sounds like good news.

But knowing better, I immediately went and checked how the employment to population ratio had changed.

Well, it turns out that the employment to population ratio has fallen once again.

That means that a smaller percentage of working age Americans had jobs in April than in March.

The following are the figures for the past three months....

February 2012: 58.6%

March 2012: 58.5%

April 2012: 58.4%

If the percentage of people that have jobs is going down, then how can they claim that things are getting better?

The following are the two Federal Reserve charts posted above after they have been updated with the new numbers.  These charts are very revealing.

1) There are now 12,500,000 workers that are "officially" considered to be unemployed....

2) There are now 88,419,000 Americans that are considered to be "not in the labor force".  Please note that this number rose by 522,000 in just a single month!....

Okay, so now let's do the same math that we did before.

12,500,000 unemployed workers plus 88,419,000 Americans that are "not in the labor force" equals 100,919,000 working age Americans that do not have jobs.

That number just continues to climb at a very rapid pace.

When is the mainstream media going to start telling us the truth?

Be Sociable, Share!
  • Rikki

    Yes, there are certainly millions upon millions of working age Americans that do not have jobs and that do not want jobs.

    Especially when they are flashing wads of Benjaminz like this..

    http://chasthuglife.blogspot.com/

    No sense ever working for da man

    If we legalized the possession of drugs but make all selling a major felony with minimum time behind bars, then what will these people do?

  • William

    LBJ was the first modern era President to fudge economic numbers. He wanted guns and butter….for the Vietnam war and the “Great Society” programs. The information coming from both the Bush and Obummer administrations make LBJ look like an amateur. Today, we hear of “recovery” and are inundated with phoney statistics on everything from the unemployment numbers to the CPI. If you live where the inflation rate is that of the BLS (about 3%), congratulations. Ten percent inflation is the real number, and if the CPI was computed the way it was in 1980, it would be 20%.

    • mark

      Obama and his defense Sec. Leon Panetta want to spend huge amounts of money to change military ships and aircraft into green hybrids. This is a huge jobs bill. Just think, we could start by turning Air Force One to all electric and the distance he could only traval would be 50 miles before he would need to rechargsthe battery. Or he could change to flex fuel and run on the used frebch fry oil he gets to eat when his wire isn’t around. The pilot can tell Obama to hold on tight, we are switching to fry oil and it might get a little bumpy. We could turn all the Navy ships into sailboats and have a wind gen. charging the back up the battery for the back up motor. We could get rid of the nasty rocket propelent and launch with a big slingshot. This idea should be added as another stupid idea that this president has come up with to waste more dollars. Hey Gary2, you really must vote for him again.

      • mark

        Sorry about the spelling as I was laughing so hard as I was typing. Wire should have been his wife and the others are well, lol.

  • Rodster

    “That is one reason why I am encouraging people to consider starting their own businesses. If you work for someone else, your security can be taken away from you at any moment. But if you work for yourself, you aren’t going to get fired.”

    I also second, starting your own business. I have and can’t see myself working for anyone again or at least I hope not. :)

    Michael I will respectfully disagree with the last sentence. If you are not good at what you do or don’t deal with people honestly the customer will fire you instead.

    Right now I make enough to pay the bills which includes business expenses and that’s about it but I have more security knowing I can at least cover my rent, food and electric bills in this economy.

    One question though regarding the article is. I wonder if the Gubmint unemployment figures or those not in the work force include people like myself who are not employed but are self employed? ;)

    • Mind Candy

      I may be wrong on this but it was my understanding that the Bureau of Labor Statistics doesn’t count the self-employed in any of their figures. Partly because they’re looking at payroll information, and partly because they’re looking at unemployment claims. Your employees (if any) would be counted if you went under, but you would not.

      • 007

        The BLS does count the self employed. It even makes up massive optimistic calculations of the “new businesses” being created every month. It is probably better to try something than starve. However, one only has a 15% chance of surviving more than 5 years. I do mean surviving as opposed to making a living wage. The other 85% fail and usually lose their life savings trying to make the business work.

        That means you have better odds making money at the casino than in a new business. Still 15% chance is better than no chance.

        • Rodster

          I started my business in 2005 with $800 and I guess I beat the odds. :)

  • David H

    Can your number be correct? 100 million? According to the census we only have 313,478,054 people within the U.S. That would be approx. 1 out of 3 wouldn’t it?

    What am I missing? I love this site and it has many great accurate references within each article. I am only amazed that this number is so high and yet our economy has not collapsed yet.

    • Michael

      David:

      These are numbers straight from the Federal Reserve.

      Yes, it is correct that there are 100 million working age Americans that do not have jobs.

      Michael

    • CheriC

      David, our economy hasn’t collapsed yet simple because our Treasury Dept. just keeps on printing paper money that isn’t worth the paper it’s printed on… It’s the truth! Who’s going to stop the President and Government from printing bills that have absolutely NO real value whatsoever? You? Me? Hell, we, as a people, have VERY little to say about what the Big Wigs on Capitol Hill do or don’t do anymore, haven’t you noticed? Forget about the unemployment disaster..What about the multi-trillion dollar debt? Every single man, woman and child in the U.S. would have to come up with $30,000.00 EACH … from ages 1 to 110… to come CLOSE to paying off the National Debt! It’s just a matter of time before we lose our centuries long ranking as the world’s Number One Super Power, guys! We’re standing right at the edge of a yawning black abyss, where one false move will send us tumbling over the edge into the most terrifying and desperate free fall in the History of the World… I try not to think about it TOO much, because it gets harder and harder to find a reason to get out of bed every morning. Too many coincidences out there, folks…When’s the last time you read your Bible?/the Book of Revelation in particular? This country has fallen away from God and Christianity..THAT is the crux of our Nation’s problems. Period. Amen

      • 007

        You are wrong we would each owe $50,000. every man woman and child. Moreover, since half the country pays no taxes at all the math becomes even more ridiculous.

    • Prepply

      People in college (18.2 million) are working age but often don’t work… There are some exceptions lumped into the 100 million. I wouldn’t know how many decided to go to college because they couldn’t find work, however.

      • disector

        Also we have many folks retiring early. Okay, lets say 30 million in school (tech schools included) and 15 million in early retiremnt or took a disability check over going back to work. Thats still 65+ million or 1 out of 5 not working. Compound this with no savings for future retierment due to spending their savings and no real job growth to be seen in the next 5 years. Compound this with growing debt for many people and now let’s top it off with goverment debt and un-funded liabilities for S.S. Medicare and such…..Wow!!! You better start to prepare if you have not already done so!

  • bobinsherwood

    I want a job but I do not need a job. I grew tired of working after I noticed through several careers the 10% of the workforce doing 90% of the value-added work and innovation for <1% of the companies profits. After 30 years of working for others I decided to work for myself. Even as an independent contractor I felt that payment was but a pittance of the value received. In one example a customer paid $10k for a line speed increase of their processing machine which they privately told me would allow them to make an additional $1M a year in PROFITS! 100 to 1 ROI in the first year is not bad. They even had the nerve to feel that they were overpaying. I am now John Galt. KMA!

    • bobinsherwood

      Here’s the best part. The clown who came up with idea to speed up the line got a bump in salary >$10k. No one at the Company had any idea HOW to actually speed up the line and the first 2 engineering companies they approached had no idea HOW to speed up the line but would figure it out for $100k! Wouldn’t it be great if you were paid just for dreaming up ideas even though you have no clue how to implement the idea.

    • nowwthen

      Bob, you might have already seen this. If not you will enjoy it.

      http://www.permies.com/t/11683/meaningless-drivel/Toothpaste-Factory

    • Mal R.

      You made 10K “for a line speed increase of their processing machine” and for some reason, you believe you deserved more? So you did an installation of company B’s technology for Company A and somehow you feel entitled to partial ownership of company A? What would have been reasonable reasonable pay for something like that – 1 Million, 2? What’s reasonable pay for cashiers, and ditch diggers? You know, the dime a dozen people that do the “value added work” by dragging a bag of chips across a scanner *Boop* or pushing a lever up or down on a machine (that isn’t theirs) to dig a hole? I smell stupid TROLL.

  • mondobeyondo

    One-third of our workforce is out of work. I believe it.
    I happen to be one of them.

    “Get a job”? Depends on what’s available. See how far you’ll last trying to pay the mortgage or rent working at Wendy’s. No luxuries. No nights out. No pizza. No cable TV, or furniture. Just work and pay the bills. How long will you last?

    If it gets bad enough, yes. I’ll mop the floor at Wendy’s for $7.25/hour.
    Those dumb TV court shows are getting old anyway. I know the entire justice system just from watching Judge Judy at 3pm…. LOL!

    • Me

      For various (impossibly stupid and family related reason) I’m pretty much there already, despite having a good job.

      How long you’ll last depends on how good you are at scrounging luxury items out of the trash. I got 6 computers, 3 Xboxes, and a treadmill this way. Also TV. Also TV antenna. HD box from government cheese back in the day… etc…

  • Sid Davis

    Government creates a significant portion of total unemployment.

    One means is to set minimum wages that price some workers out of the market. Another is government involvement that supports unions that also price fix wages, thus pricing non-union workers out of the market. Another method is licensing of occupations that limits entry and limits competition.

    Another major factor in creating unemployment is the imposition of the “out of thin air” money system in the form of the Federal Reserve System that the federal government created in 1913. In this system, money is created by the banks and loaned into circulation. Initially the new money causes boom, but as the loans and interest are repaid, there is a drag on economic activity. A major factor in this system is both draining wealth from the public into the banks and inflation of prices as the money supply is increased.

    Essentially government has destroyed the free market place and it is out of economic freedom and competition that prosperity flows. Government plunder and control creates economic stagnation for the majority, while granting economic advantage for the favored few; the end result is the destruction of the middle class as they are driven into poverty. Essentially the USA is looking more and more like a banana republic and one big slave plantation.

    Most of what government does is economically destructive, and the more government we have, the more destruction we have.

    • a cruel accountant

      Sid

      Totally agree.

      Can anyone tell me how min wage helps the unemployed?

  • markthetruth

    The Problem is called “Convenience” is anything that is intended to save resources (time, energy) or frustration.

    This is what we are creating.

    We are becoming “virtual humans” We will have no reason to get out of bed. The trend is happening before our eyes. Xbox my son plays day and night i hardy ever see him. i can’t find a bowl , spoon or fork there all in his room. What’s going on…….

    T.V ( being used more then ever and for the wrong reasons.)
    Fast Food (everyone is watching the cooking shows but nobody cooks)
    Cell Phone ( the hype streaming movies, texting, twitter ,facebook, games. Heck who has time to work.
    Smart homes ( no need to move just talk to your appliances, lights ext.)
    Cars will drive themselves.
    School online.
    Coming soon “Virtual Vacations” why go through the hassle of traveling.

    I believe the only Hope is “Mother Nature” to put us back in our place.

    • Gary2

      Fast Food (everyone is watching the cooking shows but nobody cooks)

      Thats a good one :)

      • GaryToo

        Becoz republicans live in a fat free zone

    • Gary2

      I saw on one of the news magazine shows that there is now a suite one can put on to have viritual sex with anyone over the internet. It connects to the computer via USB and simulates a sexual experience with another person over the net.

      Sound like a buzz kill to me but I think you are correct about viritual everything.

      • GaryToo

        Ok but only with virtual democrats, the latest study shows they are hot and repubs are all impotent

    • Otown Right Guy

      Xbox my son plays day and night i hardy ever see him
      You are the father, so pull the freaking plug! Quit whining and do something. Geez, what a mangina!

  • Stan522

    Thank you for publishing something the mainstream media is afraid to do under penalty of getting cut off from access to the turd POTUS……

  • DaytoDay

    “These days, most companies are absolutely heartless when it comes to their workers. The good job that you have today could be gone tomorrow. Workers are increasingly being viewed as “liabilities”, and there is a good chance that the moment you become “expendable” to your company you will be kicked out on the street.”

    Well, I can relate to this, I just lost my job Tuesday. I worked for Uhaul and on the DAY that I became eligible for my benefits and 401k they canned me, exactly 90 days.

    So, it’s just another reminder that those who work for corporations are nothing more than numbers. It’s sad reality, they don’t care if you have a family to feed, they don’t care about your bills, and they damn sure don’t care about quality…

    I was notified while working, and was instantly let go, up until that point, there had been no warnings, no emails, no conferences, nothing… They simply fired me to avoid paying the benefits and 401k that was would have been entitled to.

    And to think, this is the reward for being a good hard worker? Unbelievable, I truly believe we are living in feudalism; the masses are tending the stalls and getting paid in chicken feed, while the land owners (CEOs) are making millions to crack a whip.

    It shouldn’t be this hard to start your own business, I mean, you shouldn’t have to go into student loan debt and financial debt just to be able to make ends meet. There is something seriously wrong with the system, and some people will make excuses for it, but make excuses all you like and tell me what’s going to happen when 50-75% of the population is unemployed? what’s going to happen when parents begin to tell their children that McDonald’s is the future? what’s going to happen when you’re standing in a room full of people for one job opening and all of whom have college degrees?

    All I’m saying is, something has to give, a real change has to be made and i’m talking about divine/revolutionary change.

    Keep Up The Good Work Michael

    • Michael

      DaytoDay:

      Thank you for sharing that. It is unbelievable how heartless many of these corporations are now.

      Michael

      • http://www.unhappybanker.com Bill

        I was a personal banker for one of the Big 4 until I recently quit. I have an online business that is taking off, and I’m pursing this full-time. I also started a personal finance blog for personal bankers exposing the truth behind retail banking.

        Most personal banker jobs are sales jobs. Banks say they pride themselves in customer service. However, it’s the other way around – sales before service. The only thing bankers care about, is opening additional checking/savings accounts, and/or some other related product that you most likely don’t need.

        The sales pressure is unbelievable. Most personal bankers do extremely shady, immoral, and unethical things. Bankers will say and do anything to open a new product so they can meet their quotas. Many bankers resort to opening accounts without peoples consent. A lot also beg their friends and family members to open 8+ accounts. Upper management treats tellers and bankers like sheep. They have a “more, more, more” attitude. Unless you’re shady and open 3+ accounts a day, you can kiss your job good bye. Banks make your life a living hell.

        If anyone reading this ever goes to their local branch and encounters an 18 year old girl handling your deposit, or you sit with a banker that has NO idea what he is doing – I recommend getting up and talking to someone who has been at the branch for at least 5+ years.

        Banks are getting desperate. This pressure and sales mentality trickles down from the CEO to the tellers and bankers.

        If you are, were, or will be a personal banker – visit my site: unhappybanker.com – Also, if you’re a consumer and interested in how the retail banking system functions, this is a great site.

        Great work Michael – Keep it up!!

      • DaytoDay

        Yes, it’s a very sad reality. Thanks for commenting Michael.

    • Tim

      Oh, man. That’s terrible. I hope you find something else soon.

      • DaytoDay

        Thanks Tim, me too.

    • Gary2

      And to think, this is the reward for being a good hard worker? Unbelievable, I truly believe we are living in feudalism; the masses are tending the stalls and getting paid in chicken feed, while the land owners (CEOs) are making millions to crack a whip.

      Friend you have my condolances. Check this out—I had 12 years as a good worker (regional manager level position) several promotions-steller reviews-which I kept copies of BTW) regular good pay increases heck I even saved a persons life, got a big award plack for it, pictures with everyone etc and 4 months later was downsized–no warning no thanks for helping them pass many JACHO inspections (I was a regional manager for a hospital chain) nothing. Just that we decided to outsource your entire department and that you are no longer needed.

      So now I get to be grossly underemployed making 1/2 of what I used to make with NO benefits. My wife is no longer a stay at home raise the kids mom and is also working. Together we still make less than I did on my own. This sucks. How much more can I sacriface so the rich can have low taxes? At least my youngest is turning 13 so they are no longer young kids but I can tell you that with both of us working we have way less time to spend on helping him with homework and my wife no longer leads one of the youth groups at church. Fortunatly my second youngest daughter (14) is one of the very self motivated and would succeed in spite of anything (I guess she takes after my wife) getting A’s with no help needed. Same with my older 2 one a senior in high school and the other in college. He also gets straight A’s. Can you believe I actually had to tell him when he was younger to stop doing homework and go have fun??? what a good problem to have..Like I said they must take after my wife :)

      I am trying to put a more human face on my posts and not to be so vitreolic in my posts.

      • Otown Right Guy

        Here’s a news flash, Gary, life is not fair! A lot of us have worked hard at jobs only to be let go. A lot of us have seen connected do-nothings, ass-kissers and BS artists keep their jobs or get promotions while more deserving souls have been shafted. But guess what, that kind of thing is even worse in the government sector than the private sector. And using the force of government to steal and redistribute the wealth of others is evil. Your standard of living is not lower because someone is else is not paying enough taxes, it is because government taxation (theft) and regulation (corruption) is too high! Oh, and maybe just maybe, you might have played a role in your own demise by sitting back and assuming you had a comfortable job for life. What have you done to improve yourself?

        • Gary2

          went to school nights working on CPA while I was working as they had tuition benefit. 1998-2004 taking 1 class per night, knew it would be a long process but with young kids etc… fast forward to 2006 downsized and have no way to continue with classes to get CPA plus most CPA are saying most of the work is outsourced to India. Like I said I think I did everything right. Bettering myself while working etc.

          You are correct life is not fair.

      • John W.

        Sounds like you have a really good family and alot to be grateful for despite the shaft your employer gave you. Been there and know how you feel. Maybe you should give the bomb thrower posts a rest since you have some insightful things to say.

      • Kev

        Gary,great idea.People listen more if there is an absence of vitreol.I used to go off on one about Blair and the Labour party goons,but I soon realised that A) people shut their lugholes and B)there is absolutely no difference between the mainstream parties.All are selected,NOT elected,and all are pushing the same totalitarian agenda.
        I think the Gary2 ‘lite’ will be a seller.

      • Shamaka

        HI Gary!
        Sorry about your situation.
        Here in Australia, our government followed many so called US employment conditions to ensure Australia was competitive. I have never had a permanent job in over 30 years, just 1-3 year contracts and I have a Ph.D.! They brought in equal opportunity which became an excuse not to employ men as the employees claimed they wewre constrained to achieve a gendeer balance which was rubbish because even women wouldn’t be employed permanently as they never had the right experience. People already in permanent positions (eg government have been shielded) and have no idea odf the trauma the policies have inflicted on productive non-government workers and the older staff can get away with doing nothing because government policy forbids forced redundancies, etc. The position for employees is highly asymmetric. They demand you do everything or else. That includes acting corruptly and indeed breaking the law. However as the government drives down wages, the tax take is falling and the precious government positions are becoming less secure. Three years ago our budget was balanced. In that short time, the current incompetent lot have pushed us into over $167billion debt. Our population is not large so that is proportionately a big number. They have been systematically killing industry with stupid regulations which none of our competitors meet. We are looking at a carbon tax – so we are likely to be looking at $7-8 gallon gas.

      • GaryToo

        Dam republicans did that to us

      • Reality

        Gary, I like the ‘new’ you. I’m sure others do as as well.

        Peace.

      • DaytoDay

        I appreciate that Gary, and I hate to hear it… It’s sad that there isn’t a such thing as “job security” anymore…

        And so what gets me is, let’s say you do go to college, do people think a degree will give them job security? Maybe, maybe not… But if everyone is running around with college degrees then the value of a degree decreases (Because it’s not “special”)

        So, I think we are in for some ruff times ahead, and one day you will wake up, look outside and “There goes the neighborhood”

      • SpiderMonkey

        “I am trying to put a more human face on my posts and not to be so vitreolic in my posts.”

        Wow, this really warms my heart to see. I have ‘religiously’ followed your posts for the last year or so and could see the sense of betrayal in them. You represented the average man to me, the one who had played by the rules and still got screwed over. I have been there too once or twice in my life. Ten years ago, I was darn near bankrupt, a good education, family to support and could not buy a legitimate job interview making decent money. So I have had a small taste of what you are going through now.

        If I may interject an opinion, I think that people need to find a way to work together locally to improve the community. While I have no time for the lazy and hopeless, I think we need to help the unfortunate and the helpless. To cast wide condemnation on the employed is neither judicious nor accurate, as in all groups we have the diligent and the pathetic and every shade in between. Corporations and politicians just want the appearance of good works, what we need are the results of good works.

        Is it any wonder they work so diligently to divide us? For they know if we start to work together, we will discover we can go on without them and their presence is an impediment to our lives. If rational progressives, conservatives, libertarians and the like can ever find common ground and a common cause, think of the results. I remember watching a PBS special on the Great Depression in the San Francisco area. They set up workshops; clothing and furniture exchanges, and job services. It was all community run and it helped many people make it through the darkest days of that era. Couldn’t this occur locally in this nation? With the internet, organization would be so much easier.

        We have been recently blessed with a paid off mortgage and I know that the savings needs to be directed locally. While our area has not been hit as hard as other portions of the nation, there is still need. And not everything involves money, giving time, skills, or equipment usage can be helpful as well. I have not crystallized a plan of action yet, but it will come.

        For example: If someone had gardening tools, seeds and the extra manpower, they could help someone plant a garden in an afternoon. Then that person would be eating better and not spending as much on food. With enough people and organization, dozens of houses could be taken care of in a weekend and if people had irregular work schedules like me, more work could be done in a week.

        We should not limit ourselves to what tools or people we employ to lift people up. I will work with any person so long as they want to work, build, fix and make things grow. We can learn form one another and the sharing of labor and goals can bring us together. While we still may disagree on certain points we are less likely to be at one another’s throats. Then possibly one day we can retake our communities from the clowns that wish to turn America into one big plantation.

        I wish you luck in your endeavors and with your family (to everyone that is here as well).

      • Jeremy

        Gary, man, I truly am sorry for your situation, but on the other hand, believe you have held your family together, and seems like you love your children. That is very commendable.

        I have been critical of Michael (disagree with his predictions of an inevitable collapse — even if true, that does little for most people), but he is right: do not give up. I am going through the ringer, too.

    • Scott

      We need an environment in this county where small businesses can once again flourish. Economic freedom was part of the foundation that built this country, and small family type businesses were a big part of it. Yes, this will require revolutionary change.

      • DaytoDay

        I agree.

      • Gary2

        I think Wal-mart more than anything has destroyed many small businesses. What gets me is all the vacant walmarts that are closed so they could build a bigger one right down the road. What a waste.

  • Buzzy Watts

    If they started saying that you needed to be a blond-haired, blue-eyed Aryan in order to be a decent person, they wouldn’t immediately increase the number of people with those characteristics–only the number of people pretending to have them. It’s the same thing with social class. They branded everyone outside the middle class as subhuman, so everyone felt the need to pretend to be middle class by buying unaffordable luxury items with borrowed money.

  • McKinley Morganfield

    Michael, you are a right wing racist, misogynistic, bible thumping, gun clinging Neaderthral for refusing to accept the cooked books of the BLS. Happy days are here again and ‘offical unemployment’ will be below 8% (magic number) by November. All is well, there will be a chicken in every pot, good cigars will cost 5 cents, no one will have to pay rent/mortgage, war is peace is war, right is wrong, yes is no is yes and bow down on your knees to DC you peasant.

    • Michael

      McKinley:

      For a moment I thought you were attacking me. :)

      Michael

      • r.bitting

        I suspected you were a Bible thumper, but a gun clinger too? How’d I miss that.

    • Kelby

      I thought you were attacking Michael for a second, too, LOL :D

  • Tatiana Covington

    Aha! Some of us are starting to see what I knew about 50 years ago! Robots really are going to make most human labor obsolete! It’ll take longer than Asimov and Co. foresaw…

    But it will come.

    • nowwthen

      Agreed Tatiana. They even have the gall to air TV ads showing robots repairing robots and believe we will think this is our wonderful future. In a sane world Congress would get busy proposing a tax on business of at least double the amount of taxes paid by the employees these robots replace. Instead the exact opposite is true. Corporations are given tax breaks for capital expenditures used to purchase the equipment used to replace workers. Less income to the treasury from the business, less income from employee income taxes and less money flowing through the economy by way of wages spent. Three more nails in the U.S. economy’s coffin.

  • robert lazo

    mike,

    I love your reports. I log in everyday to keep current. What I would like to see you post is how much of our money is “given” away over seas. I would love to see a good estamate.

    • Michael

      It terms of our trade deficit or some other stat?

      Michael

    • Orange Jean

      A good place to start, and it’s enough to make me PUKE!! You’ll notice a lot of things listed for foreign countries, also the list goes back to 2008. Unfortunately the list is in chronological order starting in 2008. If you got to the bottom of the page though and look at the “results page” line and keep going to the highest number – they have the grants with the more current close date.

      The things with a due date of 2012 are particularly telling, but I’ve been looking at the list for about 10 minutes and still haven’t gotten to the end (the one’s listed for close date of 2013 aren’t as odd as the one’s for 2012). You can, however, do an advanced search and put the year in the first line and the list will pop up by year.

      LOTS of silly stuff in there too.

      http://www.grants.gov/search/search.do;jsessionid=LhgJPmYL6vKLGJ52qFY27DttJSqS0nBnXZ1Wkg1VsTcNbybYTL8V!-1248368548?mode=CATSEARCH&fundActivity=*

  • Flyer1

    Work harder. Stay flexible. Never give up? Are you kidding? How about – Move to another country!

  • http://survivalrealestate.com TJ Jackson

    Great article! It is slow in coming but the truth is being revealed. The greatest crime of this century, so far, has been the wholesale sell out by the journalists and their socialistic bias. The truth can set us free and woe be unto those who would deny us that basic right. We will not forget when it comes time to water the tree of liberty. Power to the people!

  • Evie

    Millions of americans are sitting at home hoping a job comes along?? Really, this can be proven how?

    • CheriC

      Yeah, Emily…They ARE! I’m another one of them! Sounds like you’re one of those “Good Americans” who believe everything they hear on the 11:00 news every night, huh? Well, honey, you obviously have or have access to a computer..Do some real investigating into our economy, the U.S Government, politics, the world…and WAKE UP!

  • http://www.worldmaker.us Mark Wandrey

    Of course, the workers share some blame for the heartless employees. Both in stock ownership (demanding more profits from their company), and in our own desire to jump from job to job for rapid advancement instead of being patient and waiting for that raise, promotion, opportunity. That also extended to the greed of consumers that drove the sub-prime mortgage market. We knew that we couldn’t afford that house, that our job only barely paid enough to cover our basic costs, so we got an interest only loan instead of renting (as would be prudent), so we could say we owned the house and so we could flip it a year or so later, and continue to buy things we couldn’t afford. Oh, and all that cheap shit from China? No one held a gun to our heads. Many of us could afford the slightly more expensive American made items, but why bother? More fun to save those few dollars and thus buy MORE cheap shit from China! More stereos, more cars, more iPods, more iPhones, more computers, more and bigger flat screen TV, and on ad nausea forever.

    Plenty of blame to go around, and we’ll all be wondering how it happened as the economy completely collapses. America hasn’t been a very good custodian of its own prosperity, it will be interesting how we do when we’re at the bottom of the worlds economic ladder for a change. A few of us are getting ready for that. It will be even more interesting when having enough land for some chickens and a garden will be considered rich and lucky.

    Of course characters like Gary will just tax the rich to bring us back to prosperity. Oh, that’s right, there won’t be any more rich people left.

    • GaryToo

      watch it mate, or i will bypass your place when im doling out whats left like easter bunny or santa

      • http://www.worldmaker.us Mark Wandrey

        Other Gary 2… ;-)

  • mondobeyondo

    These 100 million umemployed Americans. So much idle time on their hands.
    Summer is coming soon.
    What are they gonna do?

    Maybe start a riot. Or occupy City Hall. Watch reruns of the Oprah Winfrey show on OWN (the Oprah Winfrey Network). Maybe watch reruns of NASCAR and Indy Car races on ESPN. Yes, you. The race car drivers that are unable to turn their heads to the right. I know who you are. Heheheh! Enjoy it – summer camp for the kids is way too expensive. And a “staycation”? Forget it. You could be evicted in a couple months. Where ya gonna stay now? Motel 6? I’d love to see teachers’ essays received from students this coming September… “How I spent my summer vacation… July 4th, mom and dad at food bank, got some lettuce. July 6th, beans! Oh wow!!”…….

    We haven’t seen a greater inequality of economic distribution in our society since 1929. This will not end well. Get ready, grab the oxygen mask, and brace for impact.

  • 007

    I wonder how many people will dissapear from the work force in the April job report. I am sure these people are not desperate for jobs. According to the government reports they are doing so well they have decided to quit working so they could vacation in the Napa valley sampling wines and munching on gourmet cheese.

    • Michael

      007:

      Your comment was right on the nose. They just “disappeared” hundreds of thousands more unemployed Americans from the labor force.

      Michael

      • CheriC

        The Government wants to get rid of 1/3 of us..Soooooo……

    • Gary2

      yep 007 you are correct. What I can not figure out is that everyone knows the unemployment firgure are bogus. So why doesn’t the true number get reported? We could then develop solutions based on facts and not bogus numbers.

      • GaryToo

        Well dont look at the president, a republican must have counted the out of work, poor fool was that innumerate he got to 10 on his fingers, 20 without shoes and socks, then 21, and had to guestimate after that.

  • 007

    If Obama can make another 10 million people disappear from the workforce our unemployment problem will be solved.

    • McKinley Morganfield

      It’ll take more than 10 million to allow the BLS to create a rate below 7% by November so about 20 million will have to disappear. ;-)

    • Optimistic Pessimist

      Same way they are tackling the debt: by printing more money. I wonder when their fantasy land will come to an end…….

  • Golden Child

    Millions of Americans are jobless because our country is no longer a place of industry. Look at our big cities to get a clearer picture. World class American cities like NYC, DC, LA and San Francisco are places growingly devoid of the middle class being split unevenly between rich mostly White folks and dirt poor minorities living in crime-ridden, drug-ravaged squalor. Former manufacturing cities like Detroit and Gary, Indiana and Baltimore have devolved into third world lawless places full of daily murders, rapes, armed robberies, regular shootings with military issue guns etc.

    Most Americans who want to be successful will have to become entrepreneurs because the only people who still actually really work in America are illegal immigrants and anybody else working for minimum wage. As I always say, the working class is not called the “working” class for no reason. Yes, you must join the ruling class of pimps in order to live a decent life in America. But a college degree no longer elevates you to this status in this country. Nowhere has more pimps than Washington, DC. A place where hard-earned tax dollars are shoveled en masse to people who are paid to surf internet porn and watch Youtube videos for a living at roughly double the salary of the average private sector worker. But not everyone can be a pimp in this rigged America where being rich already is quickly becoming the only sure bet of a comfortable life.

  • http://- Shahid Hassan

    If that is the situation in the US then you can imagine conditions in the rest of the world excluding east asia(even there massive problems are raising their heads).And remember that we are in a world with a human population of over seven billion and counting. Only four decades ago (1970-71)this population was around 3 billion.The whole human race seems to be sitting on top of a volcano.Imperial ambitions of a few countries for resource grab and markets all over the globe further worsen the mix.There is no going back:the whole world screams for a just and humane system for all.But none can be seen around the bend.

  • tappedops

    Displacment rate… 44% by months end…
    Checks dispursment rate…8-9% =
    35.5% are on there ear…
    Tip-o-the iceberg…

  • Chris

    Money (and working) is soooooo archaic! If you don’t know what I mean, this might help:

    http://www.youtube.com/watch?v=KphWsnhZ4Ag&feature=player_embedded

  • David Gurney

    When I retired in March 2007,the roads were family empty during working hours.Now it seems that traffic has at least doubled.The unemployment rate must be several points higher than the official numbers would indicate.

    • Gary2

      I noticed this also.. In my currect job I have off a day during the week as I work Sat. Used to be I could run in and out with little to no lines and traffic. Now my day off during the week is almost as busy as a sat.

      • GaryToo

        i suspect up ahead some silly republican is stopped at a green light

    • CitizenS

      You can always tell in our area when ‘check day’ is. There isn’t a line @ the grocery store that doesn’t have a 30 minute wait just to check out! And most do appear able to work.

  • Catman

    The fact of the matter is that out government allowed too mant scumbags across the border. Mexicans and Polish are the first to blame because instead of making things happen in their own countries they’d rather come to America and steal our jobs. And how do they pay us back? By waving their country’s flags in our face during our Memorial Day weekend.

    Our politicians destroyed this country by making it easy for corporations to ship jobs oversees. Then there’s also a little thing called NAFTA. Now, you add all this up and that’s why America is where it’s at.

    The difference between America and other countries is that we are too kind to these ingrates from other countries. Go to Mexico or Poland and go ask for a job and watch what happens to you when they see you’re an American.

    • Gary2

      agreed–the last thing we need are more unskilled illegals coming in and thking our jobs. You really need to also hold the people and companies accountable who employ these illegals.

      • GaryToo

        Si senore, america is too kind to the ungrateful mexicans who are right now stealing our places in FEMA camps while being raped by the guards and all. Unkind countries like australia dont have refugees illegally working for under minimum wage they provide full govt housing and welfare payments, english lessons, resettlement workers etc. Dont let them smuggle Polish sausage into our concentration camps, and dont give them citizenship amnesties or they will get the vote and, hang on, vote democrat, yea give me your tired huddled masses….

    • Andrew

      You know next to nothing ’bout Poland, so spare us your baseless comments! It’s Your Country who SO MANY TIMES betrayed the Poles…

  • Michael Thuma

    I cannot comment from overseas as I have no insight into the situation in the U.S., but we in Europe assume/hear about an unemployment rate for the U.S. at about 12 to 15%.

    We in Europe count unemployment a different way, but the absolute number is also not perfect and of course subject to optimization too, everywhere in the western world.

    Unemployment communicated as a key figure – we in Austria say – not beneficial, because those who have a job don’t care and the others are not interested in politics, they have other problems. Interesting that a president’s reputation is dependent on such a number, which at least gives little hope that a solution can be found.

    Honestly, waiting at home until the job does come by, is similar to sitting in front of the snake and looking into it’s eyes, this never worked.

    If you think of Greece and Spain two well known examples, workers at an age older than 25 years are loosing their job. The number of people not employed at an age below 25 seems to be constant but due to the overall loss of jobs the rate is increasing. Those who never entered working life or those who are no longer considered after one year is a problem of course. The number seems to be growing, but in Europe hard to get good materials and solid statistics too.

    The trend to replace jobs with technology is inevitable. Sounds bad, but the job in industries is a waste of talent. I think every individual should consider this, stand up and make something useful, business will come and jobs will grow from this. Without getting ones hands dirty,… snake eyes.

    What can hurt the talent pool are employees that are still employed and believe that their work is still required. Good for the individual on one hand but an opportunity killer on the other.

    • Ian

      dont believe it. the unemployment rate is not that bad. Everywhere i look i see stores and businesess thriving. The economy is doing fine, and why i continue to come back to this site is amazing! I am beginning to think that this whole economic collapse is nothing more than a right wing tactic to discredit our current administration. But the more they continue to cry ‘the sky is falling’ the better things are becoming.

      Economic collapse will come to those who focus on it, while those of us who realize there is plenty to go around will thrive. If you turn your attention to the fact that there is plenty, you will be amazed at the results in your own life. Positive thinking really does work. I no longer wish to dwell on such negativity.

      • GaryToo

        pass the hopium smoking pipe my brother

      • DaytoDay

        LOL… You can’t be serious?

      • Rikki

        Ian:

        To some degree you are right….where there used to be 7 businesses doing well, now there are 3 doing VERY well, but those 4 which closed up and died very few of those employees have been hired so total employment is a lot less then before the crash. And employers make the present employees work harder ( aren’t you HAPPY you’re busy????). But again very few new job openings.

        —–Everywhere i look i see stores and businesses thriving.

      • Jeremy

        While I don’t believe in an economic collapse, you can’t be serious about the economy. I really cannot explain why retail sales are high (I work in retail right now and it is high in our area), but most of my friends, both college graduates and professionals, cannot find jobs or found a job after being unemployed for over one year.

        The legal market is awful right now, for example. Of my friends that graduated with me in May 2011 (85 people), 15 have jobs in their field.

        We have to be optimistic, that times will improve, but you have to be realistic as well.

  • K

    Great article. There is indeed a larger group of working age people, not seeking work than ever before. They all have one thing in common. They have learned to live, with much less income. Let me review the 3 segments of that group, that I am most aware of. 1. Government(Federal,State,Local), and private employees offered early retirement. The ones that could afford it, took it. 2. Disability retirement. It appears the number of people taking this option. Has increased, by over 200% since the crash of 2008. 3. People who survived the 2008 crash with most of their savings intact. If these people were within 6 to 7 years of retirement, they started spending that money to try to reach retirement. These are the 3 segments I know of, I am sure there are more.

  • View from Abroad
  • http://www.orangecountyvirgin.com Anthony Tarquinto

    Phenomenal article – well researched and grounded in facts.

  • WM

    Another great article with lots of dismal forecast on the economic health of America. I liked the comment about technology eliminating jobs.

    I am a CNC machinist for a local company that is owned by a global giant in the energy sector. I read an article in a trade magazine while at lunch one night about the OKUMA company, (this comapny makes the CNC machines) and the article actually quoted the person being interviewed from Okuma USA, that people are liabilities, due to wages and workmans comp and insurance costs!!!!! and that the plan is to minimize human interaction in CNC machining!!!!! Essentially, the talked about the technology ALREADY IN PLACE that will allow a set up person to set up machine to run, and then load 2 or more parts on a large turntable that is on wheels and on a set of tracks. These tracks run between a line of CNC machines in a “cell” and this “cart” then electronically moves from one machine to the next, automatically loading and unloading itself in and out of the machine, through the various stages of machining. The machines will also have special tool carousels, with several extra of each critical tool, AND mechanisms in the program to detect tool wear and/or breakage and automatically execute a tool change if needed. And if that were not enough, the machine even has a measurment probe inside that will automatically take and record critical measurmements prior to resuming to the next step. The said this new concept is called “Lights Out” machining. The machines will be set up, and the workers will go home, and the machines can mill overnight when no one is there, thus no need for a person to be there to run the machine.

    This gave me a lot of confidence when I read this. I have already become obsolete with my woodworking and woodworking skills, and now it looks like technology is contsantly pushing us away from manual labor.

    • Old Man

      But can the CNC machine design things? Can it fix design errors? Can it fix itself, upgrade itself? Can it program itself? And if something goes wrong, can you sue the CNC machine for damage?

      What country build some of the most sophisticated machinery in the world, the best CNC and other automated tools? Germany. Do you see Germany lay off thousands of their best machine workers? No. In fact, the hire even more, train even more.

      What country deploys the most numerous smart tools and advanced machinery in the world? Japan & Germany. Do you see them eliminate their skilled workforce to build fancy cameras, flat panel TV, luxury cars and thousands of modern products? NO!!

      But they do in America. It’s all a question of management philosophy.

    • nowwthen

      WM,
      You are in a position to witness first hand what’s been going on in the machinist trade and manufacturing in general. Even surface grinders have been programmed to re-dress the grinding wheels and compensate for the reduced diameter. After working in a more or less similar trade (tool and die) since the early seventies I too have seen amazing numbers of jobs lost to technology. I remember the days of fitting punches to lower die steels with a setup in a tryout press to do a lead shear and then milling to within .015″ and grinding for proper clearance after heat treatment. In those days the joke was that we were in a trade that would never be replaced by machines. Man how wrong were we? Recently I saw a die — upper and lower halves — machined by CNC. There were 14 sets of dowel holes ( .0005+ or -) for both the 14 punch retainers and the 14 lower steels and every one of them was spot on when the die was closed up! No more time consuming tryout press up and down while you move the individual punches around to achieve proper brake ckearance.For those not familiar with the trade this has reduced what might have been months of work on two shifts for at least 2 journeymen and an apprentice to a few shifts on a modern CNC mill. The kicker? Uncle Sam paid the company by way of a tax credit to invest in the labor saving Computerized Numerically Controlled (CNC) machinery!What’s worse — even these high tech jobs will be leaving for China. Lights out is a very good name for this mechanized world of human obsolescence!

  • WM

    Sorry, I meant to say woodworking and WOODCARVING skills. I am a real relic as a craftsman, and finding that I have to keep trying to learn new skills as technology takes us farther into the hi tech world.

  • Gary2

    Bottom line is that ultimately our friend Kevin 2 is correct. Both parties have no interest in helping the regular person. They both care more about staying in power which means catering to the rich who like the status quo. We may get a few more crumbs from the dems as opposed to nothing from the GOP but I for one am sick of crumbs.

    Until we bring back family supporting jobs and not be expected to compete with slave nation labor nothing will change. Free trade with countries with similar living standards is good. I am thinking Canada, Europe. The only way we can survive on Chinese wages or Indian wages is to live like they do and I for one prefer to have indoor plumbing etc.

    So progressives like me have a choice. Yes Obama is better than mittens but that is a very low bar to get over. Obama talks a GREAT game but I see little follow thru. I tear down the republicans and they retort and tear me down and all the while nothing changes. We may feel a little better criticizing each other (Mal and Syrian) and in a way its therapeutic but again, nothing we say really matters.

    As a progressive I love about half of what Ron Paul wants but hate the other half. Maybe if we did the half I like (end wars etc) the other half would be a moot point??

    I really believe that the best welfare is a good job. 95% of the poor would most likely jump at the chance to get a good family supporting job. We can deal with the 5% who are playing the system. For the record I do believe 5% are abusing the system and are lazy slugs. I can understand not working at a low pay job if things like child care costs would make you basically working for free.

    I know many do not like unions and they do have their problems however they did bring us important benefits in the past. If we are going to be stuck with a service economy then I see no way companies will make these family supporting jobs unless forced. This is just like the manufacturing jobs in the past. They were not always the good jobs we now associated them now to be.

    In closing I would urge wal mart cheerleaders to consider the high cost of low wages.

    There I am taking a stab at being civil!

    • McKinley Morganfield

      “There I am taking a stab at being civil!”

      See, its not so painful after all is it? ;-)

      “Both parties have no interest in helping the regular person.”

      Agreed.

      “Free trade with countries with similar living standards is good.”

      Agreed. But its not just low wages in Asia that is the problem. Its also working conditions and environmental standards. In addition to exporting jobs, we’re exporting pollution.

      “I know many do not like unions and they do have their problems however they did bring us important benefits in the past.”

      I have nothing against private sector unions. I am catagorically opposed to public sector unions.

      Nice change in the tone of this post, keep it up and before long you might become civilized. ;-)

    • nowwthen

      Who has hijacked Gary 2′s avatar and posted under his name? Actually good to see. Seriously, your positions on some of the issues are the same as even the most conservative middle class Americans. Who but the very wealthiest would argue against keeping good jobs here for U.S. citizens? Who but the same filthy rich would disagree that revenue must come from where it actually exists; much of it in the assets of the wealthy? For some time I have wondered if you have been seriously trying to bring anyone around to your way of thinking or just venting your anger and vitriol through your posts. Criticizing Christians and attempting to mock their faith only serves to alienate a group that might otherwise find themselves in agreement with you on some of the issues. Same goes for your grouping all conservatives under the heading of “dolt.” You might find that the 89% of those polled who think Congress is doing a horrendous job would agree to firing every single sorry self serving member of Congress given an all or none replacement policy. You better believe there are large percentages of Republican voters who would like to see unfair trade agreements scrapped even to the point of charging import duties – at the risk of being called protectionist or isolationist. There are also many who favor the Democrats (yourself for instance) who would like to see better immigration law enforcement.
      At any rate, even though I disagree with many of your views, it’s good to see civility, a far better approach. Raw anger and insult does nothing but alienate even those who might otherwise find themselves in agreement with you.

    • Mal R.

      “Both parties have no interest in helping the regular person”

      Neither should they. That’s not what the fed gov is there for. I dont feel better for tearing you down, but you post some of the most *********** idiotic spew. When the sum total of your intellectual curiosity amounts to swallowing something Keith Olbermann told you, then you’re destined for slavery. 9 out of 10 Al Qaeda terrorists agree.

      For instance, you keep tossing out there how successful Norway’s socialism is. I’m going to presume that’s because they have a budget surplus right now and everyone is “taken care of”.

      Lets review:
      1. They live under a King – World history proves that’s NEVER been a problem

      2. Population 5 million – Somehere in between the size of Los Angeles and New York City.

      3. Absolutely no military – they either had their a$$es handed to them for over 200 years courtesy of the Vikings, were assimiliated into the Borg collective of Denmark for 400 years, or were occupied and made to serve (SLAVES) the Nazis – FREED BY THE US. You should read how they treat their Tyskerbarna or “German bastards”. They rely on the protection of NATO these days.

      4. According to left-wing Wikipedia – Norway’s income (HEAVILY TAXED) is basically solely from using the hell out of their natural resources, including OIL (3rd largest exporter IN THE WORLD)- which is 1/4 of their GDP. Aside from raping the globe of natural resources and murdering us all with Globull warming, they gain their income from MULTI-NATIONAL capitalist *GASP* companies like Ikea and Volvo. Oops I think you rail about them DAILY. Name for me which of you leftards are goin to let the US use our resources like that?

      5. this website says their poor are every bit as poor as the US, their rich are 22% poorer (so there isn’t “the 1%”, it’s “the 2-3%”) and they cant flush toilets after 10pm.

      6. Their tax receipt are approx 45% of GDP, whereas our are approx 37%. Per capita GDP is 15% higher here than there – that gap is EVEN LARGER when comparing disposable income, private income and living standards.

      7. I’m sorry, but your socialist utopia just doesn’t exist. It DOESN’T WORK

      8. There are a few pluses that include things like lower corporate tax rates (because that’s just passed on to you anyway) and more market driven.

      To sum it all up, Norway manages it socialism by everything your kind RAILS against in this country and regularly gets its a$$ handed to it by barbarians.

      As they say, I can try to explain/teach you, but I cant make you understand. Dont feign civility, you’re an OWS cretin and deserve ridicule.

    • uncurable wound

      Gary2,Thank you for your civility.Our anger is definitely being used against us.
      I dont agree with you on almost everything,but for the first time, I read your comment,and pondered it.You should speak from the heart more often,we all should.

      I do agree with you on Ron Paul.I also hate/like his stuff.
      I do know both the repubs and dems have sold us out.

      The only thing evil needs to prevail is for good men to do nothing~Edmund Burke

      Let us be Civil,but let us be Men.-uncurable wound

    • McKinley Morganfield

      BTW, Gary2…

      I’m 64, my wife is 61. We were married 42 years ago come August. We both come from rather humble origins. We paid our own way to become educated/trained. No loans, held part time jobs, etc. We raised 3 children. We lived a frugile life style and to the maximum extent possible grew & preserved our own food. We never bought a new car & except for real estate, we always and still do pay cash. We saved and invested in real estate, we bought bonds, we cautiously, 20 years ago started to invest in silver and currency markets. Presently, we have about $1,000,000 in hard assets and another $1,500,000 in paper assets (mostly bonds, foreign currency, and equities). However, you in your far from civil persona, condemn us as exploiters. You call us evil capitalist pigs, etc. Yet, we are hard working, frugal people from humble beginnings. If you want to hate us, so be it. Just don’t knock on my door with your hatred in your heart for I will kill you in a stone cold nanosecond.

      • Gary2

        I am happy for you. It does me no good to be upset as it is just hurting me. I have to take 2 protonix for acid reflux as it is!

        I also played by the rules and did not live beyond my means. So have many others but somewhere along the line I guess the rules changed and even though I did what I was told to do-go to college, get the degree, get a good job (which I did have for 12 years) I still got creamed!

        I am thinking George Carlin was correct when he said its called the American dream because you have to be asleep to believe it.

        • Kelby

          Ahh, George Carlin – the most legitimate comedian ever to live. Everybody else just sucks.

    • r.bitting

      Wow, have you been attending your wife’s youth group? Nice change! I could get used to this!

    • Concerned Person

      This comment is the most intelligent post you’ve made on this site – I knew you had it in you! And I totally agree with you – well said!

    • GaryToo

      group hug, come on dont make me chase you round like dr evil after scotty.

  • Paul M

    Michael you say that the collapse will happen soon. Do you have a ballpark figure of how soon?

    Regards,

    Paul

    • Michael

      Paul:

      It will not be a single event. It will happen in waves and it will play out over time.

      I do think that things will look much different by the end of this year than they do now.

      Michael

      • http://usconcealedcarrytraining.com Concealed Carry Training

        I agree Michael. I think that we’re in the calm before the storm and by the end of 2012, the U.S. will be a much different place.

        An invasion of Syria is coming soon. An attack against Iran looms on the horizon, which could shut down 20% of the world’s oil shipments through the strait of Hormuz. This could double gas prices overnight, and raise prices of food and goods to be delivered.

        Bernanke has proposed that he would devalue the currency by 40%.

        The Bilderberg Group is meeting in August in VA to map out their plans, so I would expect big things to happen just before or after the election of their controlled puppets, Obummer and Romney.

        Prepare now before it’s too late!

        • mondobeyondo

          Merry Christmas….???

      • Gary2

        Yeah I think you are right Michael–it never seems to be any one big thing but a combo of smaller things that when looked at in the aggregate are really big.

        I think this is where I part company with the preppers as it seems to me they are all planning for the “big one” but I think it will be like you said namely a lot of small ones instead.

        • Michael

          Most people expect the economic collapse to be “an event”, and there will definitely be “events”, but in general it is something that will play out over time.

          Michael

  • Cinderella Man

    Starting your own business sounds fine and dandy, but the reality is that if you dont have your own start up capital or if theres not a demand for your product of service youre not going to do very well. Number one the banks are extremely tight-fisted with their money these days and they wont even loan money to people with excellent credit ratings anymore. They want to see collateral and most young people these days dont have much of it. I tried to start a carpet installing business back in ’10 after being laid off for a year and it was hard to find steady work. I have some friends that own their own businesses and they are really struggling just to stay there. Next year is going to be the true test for all of us when the tax cuts expire and Obamacare gets implemented (God forbid) Those who have a job today maybe joining the other 100 million tomorrow.

    • http://usconcealedcarrytraining.com Concealed Carry Training

      Yeah, having a brick and mortar business can be tough in this market. And services businesses such as carpet installing can be hard to establish.

      There’s lots of opportunity with quality network marketing companies and affiliate marketing products, that don’t require a lot of start up capital or inventory.

      During these tough times, people need products and services that will help them save money, prepare for disaster(water filters, food storage, etc.), protect themselves, get out of debt, etc.

      People need additional income streams just to stay ahead, let alone if they lose their job. And you may be able to use your home business to reduce your taxes. :-)

    • 007

      Your post is totally correct. I practice bankruptcy and tax law. I have seen so many small business just fold up and die it is ridiculous. Generally only one in five new businesses survive over five years. When I say survive, I mean survive not necessarily make a living wage. Lack of working capital is the single biggest reason for these new business failures. Therefore, preserve your working capital and keep your overhead absolutely as low as possible.

      A good rule for your overhead is don’t let it get so big that you can not cover it in your worst months. Also, include your basic necessary liiving expenses in this overhead calculation. Make sure you get paid first.

      I have found these basic rules invaluable to successful small business start ups. Hope they help someone out there.

      • Michael

        A lot of great comments on this article.

        Thanks, and keep them coming guys. :)

        Michael

  • Jodi

    The number up on the Drudge this morning is 8.1, the unemployment number for the Obama administration is probably going to be around 7% closer to the elections. Yep, the media and their slobbering love affair with Obama is going to brag of how good of a job they did on creating jobs. Only a moron will believe that.

    • terry J

      You say that only a moron would believe that. Morons are most of Obamas voters.

  • STOP THE MADDNESS

    Michael can you explain the conflicting news coming out of MSN?
    We are hearing two sides;

    Wall Street to Slash 21K Jobs
    Downsizing binge will rival that of financial crisis
    By Kevin Spak, Newser Staff
    Posted Apr 30, 2012 7:51 AM CDT

    Detroit unions weigh strike option as layoffs loom
    ‎Fox News – 1 day ago
    DETROIT – Unions angry that Detroit is trying to mend its financially-battered books by laying off hundreds of workers and imposing steep….
    Layoff announcements rose in April
    ‎UPI.com – 19 hours ago

    CHICAGO, May 3 (UPI) — US employers announced a reduction of 40559 jobs in April, a moderate increase from the 37880 layoffs announced in March, …

    LEUSD continues with layoff of bus drivers
    ‎The Friday Flyer – 14 hours ago
    By Georgia Zermeno, Reporter, The Friday Flyer Lake Elsinore Unified School District Board voted to approve a total of 73 layoffs for district employees at

    Now the flip side which is very misleading;

    Jobless rate drops to 8.1 percent, a 3-year low
    ‎The Star-Ledger – NJ.com – 28 minutes ago
    “Layoffs have slowed but hiring hasn’t really picked up. The next couple of months are going to be challenging. The Fed’s caution is well-placed.

    US saw fewer layoffs in April and more voluntary departures
    ‎Minneapolis Star Tribune – 11 hours ago
    More workers are voluntarily quitting at the same time employers are easing forced layoffs, according to an April Department of Labor report showing one of …

    Job cuts rise in April but Florida losses outpaced by hiring
    ‎Sun-Sentinel – 14 hours ago
    Despite a rise in Florida’s planned cuts, the number of layoffs is light compared with the past five years, said John Challenger, chief executive of …

    now it seams one side of the MSN is saying that everything is looking better?
    How can this be.
    Please explain whats really going on

    Thank you

    • Michael

      Once again, the unemployment rate supposedly went “down” while the percentage of working age Americans that actually have jobs decreased….

      http://data.bls.gov/timeseries/LNS12300000

      How can this happen?

      Well, hundreds of thousands more unemployed Americans were reclassified as “not in the labor force”.

      It is maddening!

      Michael

  • Rancher

    This job market is truly limiting many late awakening preppers from ever establish good supplies and thus restricting them from getting into a good established group of survival preppers. There are coffee house meeting preppers on every site…there are a few survival preppers.

    • Juliette of Ohio

      Can anyone tell me how to contact other preppers? We are not from this (very clannish) area and have found it almost impossible to make friends, much less share interests. I can see that it would be almost impossible to set up a clearinghouse since you’d probably be awash in FBI agents, but other than lurking around the doors of Sam’s or Costco to see who’s buying what, I can’t think of a way to communicate with other like-minded groups. Sorry this sounds so pathetic, but it’s kind of like moving to Maine or Kentucky where you’re a stranger forever and ever, no matter how benign your intentions.

      • DaytoDay

        I’m from Kentucky, and that’s not entirely true. It’s just more conservative (Weary of outsiders) Because the consensus is that, people from the south are dumb and ignorant, but they’re not… They’re just more carefree living and closer to nature… So they don’t have the worries of the “Big city life” And people from the south know what the world thinks of them and we just don’t care… The University of Kentucky has the 4th highest graduation percentage in the country.

        So, personally, I believe Kentucky is a rather accepting state, of course, if you move out to the sticks or some tiny holler then yea, your neighbors might be mountain men :D

  • mark

    Well you can add another 522,000 more according to this mornings reports. Your article had perfect timing Michael. I wish that the perfect timing was for good news. It is hard to believe that Obama still polls above 30%. The numbers go hand in hand with your last American Dream article about how stupid many Americans have become. They along with Krugman still think that you can fix a debt problem by taking on more debt. Obama and many of the leaders before them played this game, but Obama is the best ( lol ) spender yet. When the music stops there won’t be many chairs to sit in and many of those left standing might turn to violent unrest. Are you getting prepared for hard times? You better start for the volume of the nice music is become lower each month. It will be replaced with the shril sound of riots in the streets.

  • TucsonKK

    Fair and balanced article again smearing Obama and nice photo of Tea Party Rally.
    Greg are you a Tea Party member??

    • Mal R.

      Could you answer something for me?

      Why is it that whenever some right-wing, fanatical, nutjob, fascist, racist, wants to starve children, flat earther, science denier cites facts about a Democrat’s performance is smearing, but a Democrat that accepts responsibility for nothing 3 years into his term and blames everything on Bush (even things that are lies or the fault of democrats) is acceptable?

      • GaryToo

        remember that viral u tube emo ladyboy in eyeliner crying Leave! Britney!! Alone!!!? Well all 3 of u bullies above just Leave! Barak!! Alooooone!!!

  • Snoopy_The_Economist

    The headline and opening of this article seems misleading. I doubt USA has lost 100M jobs – so why bring up teh fact that 100M people are out of work?

    I agree with the rest of teh article – but we should just stick with the pertinent facts so we can forward these articles to non-believers to hopefully convert them.

  • DGB

    To go along with the unemployment, people are going into more and more debt, just to survive. This debt is being substituted for real wages. At some point people will be tapped out, and will not be able to borrow – then it will really hit the fan.

    As the total number of people employed keeps declining, and their wages keep declining, it is inevitable that the consumer demand will drop and cause another recession.

  • Matthew

    Hi Michael. Thanks so much for your website and for trying to help people. I agree with what you wrote, “That is one reason why I am encouraging people to consider starting their own businesses. If you work for someone else, your security can be taken away from you at any moment. But if you work for yourself, you aren’t going to get fired.”

    But for you and the readers here, what are some ideas?

    I honestly don’t know. I do know some resources, but honestly, it’s scary in some ways thinking about starting a business.

    Some resources that I am studying right now include “Niche and Grow Rich” by Jennifer Basye Sander. Used paperback books are less than $2 on amazon. There’s “Living Well on Practically Nothing” and JJ Luna’s books like “Skip College: Go Into Business For Yourself”, and “How To Survive The Loss Of Your Savings, Your Job, and Your Home” at howtobeinvisible.com.

    Does anyone else have any specific ideas, or resources, or what are some of you doing? Thanks.

  • erheault

    What part of CYA don’t you understand,Do you really think Uncle Stupid will care if you end up under the bridge as a new abode,

  • Washington

    Ronald Reagan’s speech to the British Houses of Parliament.
    http://www.youtube.com/watch?v=oXkBwvDWp0g&feature=player_embedded

  • Washington
  • Gary2

    excellent article Michael BTW!

    • Michael

      Gary:

      Mostly you have been hammering on me lately. It is good to see you give me a thumbs up again. :)

      Michael

  • Scott-53

    2008-2018 may end up worse and last even longer. So far 1973-1983 were tougher times in almost every way outside of underwater mortgages.

  • Old Man

    Can you call the current situation of unemployment and housing recovery? Of course not.

    But when will that happen and how will it look like?

    By August this year, the other shoe will drop. This is the deal between Obama and Congress of last year in the debt ceiling battle. That deal calls for consensus cut or automatic cut. The consensus cut failed. So this August, the automatic chop will come. Massive cut of one trillion dollar.

    This will produce another shock to the economy. Unemployment will rise again, but deficit will improve. About half a year after this auto cut, take a good look at the state of the U.S.A. Because that state will the the recovered economic state. Yes, live with it for the rest of the decade, and hope it won’t go down further.

  • El Pollo de Oro

    Michael T. Snyder writes: “These days, most companies are absolutely heartless when it comes to their workers. The good job that you have today could be gone tomorrow. Workers are increasingly being viewed as ‘liabilities,’ and there is a good chance that the moment you become ‘expendable’ to your company you will be kicked out on the street.” Very true. And I would add that these days, many companies in The Banana Republic of America (the Third World hellhole that used to be the USA) like to have it both ways: they demand total loyalty from their employees (slaves) and expect employees to be on call 24/7 but will lay those employees off in a heartbeat. I’ve seen many marriages end in divorce because of the demands companies put on their slaves—and the ultimate irony is when the slave puts in 60 hours a week, neglects his/her marriage for the company, and is divorced by a spouse for putting the company first only to get dumped by that company. Very sick.

    The alternative to that hell, of course, is to start your own business. But as a small business owner, I have to warn you that if you do start your own business in the BRA, the high cost of health insurance will eat you alive. Oh, and don’t expect a bailout if you operate a small business–bailouts are only for The White Shoe Boys in this Third World horror movie. The BRA is very anti-capitalist and anti-small business because corporate fascists want to promote desperation, not self-sufficiency.

    “It is becoming increasingly impossible in America to get a good job without being connected to the system that serves the elites.”—Paul Craig Roberts

    “Los Estados Unidos is turning into a banana republic.”—Gerald Celente

    “Capitalism should not be condemned, since we haven’t had capitalism.”—Ron Paul

    “I don’t think people realize just how evil and what an abomination our country has become.”—Alex Jones

    The harder it becomes for Americans to earn an honest living in The Banana Republic of America, the more Americans will inevitably turn to violent crime—and all the corporatists who love to chew their employees up and spit them out will get a harsh dose of reality when they see how dangerous and unstable a Third World hellhole can be. The more that corporate fascists and the politicians who serve them create a climate of desperation, the nastier things will become when they get a taste of the dreaded Desperate People Doing Desperate Things Tax (DPDDTT). In Honduras, Papua New Guinea, Guatemala and other fun places, corporatists need bodyguards because of all the kidnapping, carjacking and violent home invasions carried out by DPDDTT collectors. Desperate people do desperate things, and there is a lot of hardcore desperation in the BRA these days.

    “There’s a depression in Spain, a depression in Greece, a depression in Italy, a depression in Ireland, a depression in Romania, a depression in Hungary. There’s a depression in the world. American’s in a depression. There are no jobs being created that can give you a living wage. What comes next? Currency wars.”—Gerald Celente

    “The New World Order doesn’t come to steal and rob. It steals and robs to impoverish you, to make you weak so it can enslave you, use you up and ultimately, get away with killing you. This whole global spectrum, world government tentacle system is chains to chain down humanity. An iron curtain of night and totally tyranny is descending upon every nation on Earth right now. The New World Order goes into countries and wrecks the infrastructure and never rebuilds it and brings poverty and mass death. And if you think The New World Order doesn’t plan to do that here, you have another thing coming.”—Alex Jones

    “We’re in the midst of a financial crash, and they want the Gestapo in place to keep the people in place because when the money stops flowing dow to the man on the street, the blood begins flowing in the streets.” —Gerald Celente

    These are incredibly dark times in the BRA. And the worst is yet to come. God help The Banana Republic of America, collapsing, decaying, rotting empire of the Third World.

    • DaytoDay

      Good post!

  • Prepply

    I am guessing that the economy, unemployment, etc reporting will be extremely fudged for the rest of the year so as to not interfere as much with the presidential election…

  • Evie

    I will give it 2 years before collapse at the most. We would be off the cliff by now except we are free to print money at will. It is obvious when no one seems intetested in providing the means to earn a living the country is done. Selling water and highways to foreign corporations is no love of country. Too disfunctional to go on as is. The elite are just trying to steal a little more. Look out for yourself that is what they are doing.

  • Old Man

    Don’t blame Obama. He promised hope, but never promised jobs.

    He knew presidents have little power to create jobs, but much power to lose them. Look at his big smiles at every news conference – that’s how he delivers hope.

    Don’t blame Congress and the politicians. Because you elected them to deliver good times, not jobs. And they did deliver good times.

    Don’t blame the Fed. Because the Fed job is to deliver protection to the banks. It did protected the banks.

    Don’t blame the rich. Because they never promised to deliver anything to the mass of miserable souls. What they want is your money, and you gave it to them.

    But who to blame? If you still don’t know that, you deserve to lose your job.

    • mondobeyondo

      Someone’s got to be the patsy. Someone has to be the fall guy. Obama seems to be the most convenient target these days.

      Okay, so he didn’t do all that he said or promised he would do. “It’s Bush’s fault”, yada yada. Maybe so.

      If you’re going to promise something, deliver on that promise. We The People aren’t asking for the reincarnation of Harry Houdini. But if you promise such and such, deliver it. Back it up.

      That’s where Obama lost me on that whole “hope and change” thing. He promised way more than he could deliver. That’s where desperation gets you. People will follow anyone who promises to get them out of the situation they are in. Adolf Hitler. Benito Mussolini. Porky Pig.

      • mondobeyondo

        As Porky himself would say:

        “(indecipherible gibberish) That’s all, folks!!”

        Bugs Bunny 2012!!
        Why? Because he’s one rabid rabbit!
        (ewww. Jay Leno, your job is so safe right now)

      • MountainSaint

        It was Ronald Reagan who started the trends that have resulted in one hundred Americans being unemployed. Consider: One, his Free Trade policies resulted in the exporting of tens of millions Middle Class jobs. And, Two, his amnesty drew in another 38,000,000 illegal aliens, resulting in the loss of tens of millions of our low end jobs to these people from south of the border…Reagan is the patsy.

      • GaryToo

        even antichrist 666, u wish u had their charisma

  • Gay Veteran

    look at the 3rd chart (employment rate of the population):

    http://market-ticker.org/akcs-www?post=205542

    Jan. 2001 almost 64%
    Jan. 2009 almost 60%
    Jan. 2012 about 58%

  • NEWTON

    I would dearly love to know why the opposing candidates running for the highest office in the land, do NOT at any point in their bid; represent some of these unemployment facts???? They all merely say things like ” but he promised us 8% unemployment” why do they not present the people with the truth about these phony numbers??

    Once again I am also struck by the people who post here who do not personally make the effort to make the change.

    A robot can do many things; making a one of a kind wood carving or bowl ain’t one of them. Let’s see a slave in Pakistan grow fresh Boston red lettuce and deliver it to the farmers market downtown 2 hours after it’s been picked from the field.

    Gerald Celente has been preaching this for years people ! Support your LOCAL producers of everything ! We have all we need right here and yet
    everybody runs to friggin’ walmart to pay 2 bucks less for chinese ***********.

    Let’s see a robot pick the grapes at exactly the right time, infuse them with just the right amount of tannin, set them in just the right white oak barrels and then after mother nature has worked her magic; bottle
    it at the precise moment.

    No; we have the chance right in front of us and continue to make very, very poor choices as individuals and instead become the mind numbed
    masses that they so desperatly need to continue the plight.

  • mondobeyondo

    April 2012 national unemployment rate is at 8.1 percent. Down from 8.2 percent.

    We’re making progress… I guess.

    Confucius say, “A journey of a thousand miles begins with a single step.”

    Confucius also say, “You are walking backwards.”

    Holy Toledo, Ohio!!

    • mondobeyondo

      Confusions ssy, “Where the hell are we going?”

    • Michael

      Yes, we are definitely going backwards at the moment.

      Michael

    • Otown Right Guy

      Prediction: the Dept. of Labor will report unemployment below 8% before the election and then “revise it upward” later.

    • VyseLegendaire

      The journey off the cliff begins with a single step as well!

  • MountainSaint

    There are three factors that have contributed to the unemployment of over one hundred million Americans. First, it was Reagan’s Free Trade policies that exported tens of millions of our Middle Class jobs that we so desperately need today to keep the families intact. Second, Reagan’s amnesty drew in another 38,000,000 illegal aliens and most of the problems we have in the 21st Century. Illegal aliens are stealing nearly 100% of all new low end jobs. And, third, the H1B Visa program have given over 17,000,000 of our high end jobs to foreigners while our educated go on welfare, unemployment or disappear from the labor market…Impose tariffs on imports, deport all illegal aliens and terminate the visa programs and we could save the country.

  • Colin

    I read this article on Huffingtonpost.com.

    http://www.huffingtonpost.com/sheldon-filger/april-unemployment-report_b_1478862.html?ref=business

    Sheldon Filger concludes his article with this paragraph:

    “In contrast with the policies of President Franklin Roosevelt during America’s Great Depression of the 1930s, which focused on facilitating job creation, the policymakers in the U.S. have focused their efforts on reinflating equity prices through quantitative easing (money printing) and offering banks (including investment banks) historically low interest rates, in effect free money. Perhaps sooner than we can imagine, history will render its verdict on this policy of neglecting a recovery in the labor market in favor of reinflating the stock market.”

    Sheldon Filger has his own website on the current economic crisis.

    http://www.globaleconomiccrisis.com/

  • tappedops

    El Pollo—

    Great quotes…all the big hitters…very nice Thanks…

    TO

    • El Pollo de Oro

      Gracias! I always appreciate the insights of Paul Craig Roberts, Gerald Celente and Alex Jones. Justin Raimondo (AntiWar.com) is another commentator/political analyst I pay close attention to.

  • Gary2

    The gov simply choosing to not measure certain of the unemployed is akin to me not measuring my mortgage payment. By that standard my low pay job does not look nearly as bad.

    My simply not acknowledging it however does not make it go away.

    You know why we keep electing the same goofs to congress? because regardless of the choices they all suck! I want to vote “none of the above”

    • GaryToo

      like a choice between Mcdonalds and Hungry Jacks (Burger King), same s#@t different drivethru, but at HJ u get a bit more back for your buck.

    • knightowl77

      I can agree with you on voting “None of the above”

  • Lauren Smith

    These are startling statistics that we just can’t ignore, but on the other hand it allows us to branch more on our own as your article suggests and start our own companies or work for ourselves. Lately I have been doing a lot of research about the software engineering field. A great resource I came across is John R. Fox’s book, Digital Work in an Analog World, which offers something for everyone in the software profession or looking to enter this career path. You can find more info about it here: http://www.analogdevelopment.com/

    • Rachel

      After a long time of unemployment my sister finally decided to go into business for herself. She looked at many different options but most required so much money to get started. Looking for a job for over a year she had used up her savings to pay the mortgage. Then she found http://www.srcareers.com She could not be happier. It’s amazing what being in business for yourself has done to her self-esteem AND her pocket book.

      • Buddy Biancalana

        Rachel….obviously, I am late to reading this article, but I clicked on your srcareers link and got a bunch of code. Is there another link?

  • davidmpark

    Does it seem like we’re not heading toward communism per say, but more like the entire nation is being shut down and liquidated?

    Most nations get into massive debt during decline, but this time the people are also in massive debt. I’ve seen the numbers – it’s amazing that debts and currencies could reach that high. How are folks planning to pay this off?

    And when one looks at the ideas of previous totalitarians they wanted more industry, resources, and to force good folks into where they were needed – not to cap resources, close companies, sell off a lot of manufacturing equipment and industries, and to just punish people. This government is urging us to decline, but also to liquidate assets at an alarming rate. Doesn’t make sense in logical terms – what would there be to rule over?

    Some of those industrial machines are coming here, but a lot more are ending up in the old world – or “World Island”, according to 1940′s slang. A lot of our debt was bought by the old world (using our money). I just get the feeling that this whole thing was an idea to prop up the failing World Island at our expense.

    I understand the Left’s ideals of redistribution of wealth; however, this seems more like a restructuring and resettlement rather than simpler seizure, pocket 70%, and then redistribute.

    I dunno; just a gut feeling…

    • Buddy Biancalana

      David- Good observations. The answer is obviously multi-faceted. However, the main part of the solution is we have to have MASSIVE inflation. And make no mistake, we WILL get massive inflation, as the government has taken on not just massive amounts of debt via selling trillions of long term (20 and 30 maturities) treasury bonds, the largest buyer of which is the Chinese government.

      Now, add in about $15 Trillion of unfunded liabilities that are beginning to come due as the Baby Boomer population is now retiring to the tune of 10,000 per DAY, and will keep up that pace for the next 18 years.

      Not only WILL we have inflation, we MUST have inflation. And the government already has broken the seal on taxing ‘the rich people’ and their social security checks….that’s a good one…taxing someone on the repayment to them of money that was a repayment of a tax they paid in previous years!

      By bringing on inflation, we will pay today’s and yesterday’s debts with less valued dollars of tomorrow. Not that I agree with it, but that is the situation. It is, imo, beyond either political party’s capabilities to be able to solve.

      IMO, we will see the price of gold and commodities absolutely sky rocket up at some point. I don’t know if it will by hyper inflation like what was seen in the Weimar Republic (google that if you are not familiar with it and study it deeply…the conditions that led to it’s rise and ultimate failure will not be unfamiliar to you. )

      Obviously, one way to combat, or at least lessen the effects of the coming inflation is to buy gold or at least get some exposure to it. I am no gold bug, nor a ‘whacko’. I am in the professional investments field and simply have one motive…to preserve my clients’ wealth, and secondarily, to grow it. I remember when I first got in the industry in 1992, people that bought gold were generally thought to be wacko’s and the like, thinking the economy was going to explode any minute and they needed 5 year’s food supply buried in an underground secret bunker. Now I’m not so sure that ultimately, that might not be all that bad of an idea.

      As the saying goes, ‘Those who ignore history are doomed to repeat it.’ And along those same lines, but more directly involving my business, “The four most dangerous words are ‘this time its different.’”

      (and on one final note, while AAPL stock continues to soar, the Apple of yesteryear, MSFT, announced their first quarterly loss this week. I cannot tell you how many times I’ve heard ‘…but AAPL is different from every other company today or in history…’

  • Mustard Seeds

    You asked, “When is the mainstream media going to start telling us the truth?”

    Never.

    Their purpose is not telling truth.

    It is DIVERSION PROGRAMMING.

    50+ years of television programming lulled the sheeple into a coma.

    The freedom of the internet is shocking them back into reality.

    That is why “the powers that be” want to control the internet.

    They want it to control you.

  • Mustard Seeds

    You said, “If your goal is to live a middle class lifestyle, you need to realize that the entire way that the game is being played is changing…. Unfortunately, tough economic times are coming and things are not going to be easy no matter what road you take.”

    The middle class game is over, and tough economic times are here now.

    The new game is survival, and no matter what happens, survival isn’t easy.

  • Mustard Seeds

    Your numbers crunching is interesting.

    Bottom line is, life as we knew it is over.

    People are having a really hard time grasping that truth.

    People still want to believe the government and MSM.

    Truth = Fear.

    All the analysis in the world isn’t going to change what is happening.

    It’s too late for that.

    Time to shift paradigms.

    Start Prepping.

  • karen

    This is not about unemployment but more of a warning… There is lots of chatter on the web about an earthquake this month, if you have friends or family I would STRONGLY suggest they leave Calif.

  • http://cherylkicksass.blogspot.com Cheryl

    These people need to be trained in firearms for the upcoming civil war. It’s as simple as that.

  • RB

    The Job market will be solved in America by 2 philosophies:

    1) It will be a “Thomas Malthus Doctrine and Philosophy” that will happen in America, “TPTB” are setting up for this:

    2) Agenda 21, is coming down for Depopulation in America done by “TPTB” and it will be “Biological” and claimed to be done by Terrorists, but will be done by “TPTB”
    And Long Island/NY metro area will be 1st area hit.

  • Antonio Gonzalez

    And after the dollars must die.

  • mondobeyondo

    Ronald McDonald for Congress 2012!
    Because there aren’t enough clowns in high office!

    (Copiedright (C) The Ronald McDonald Election Committee. Bozo’s doing a fine job as Illinois senator. And please, no more Insane Clown Posse jokes. Merci beaucoup.)

    • mondobeyondo

      I meant to say U.S. President, not Illinois senator. Whoops. You can’t get ‘em all right.

    • mondobeyondo

      How can you NOT vote for Ronald McDonald? He’s a Burgermeister!

      (okay, now that was stretching it)

  • mondobeyondo

    Thank you, thank you! (clap, clap)
    You want more? Okay…

    “Rathaus” is the German word for a town hall. It’s also the English word for the entire U.S. goverment.

    How ya like me now??!

  • mondobeyondo

    Back by ever popular demand…. the result of the 2012 Kentucky Derby!

    http://www.youtube.com/watch?v=BVMY-VX7NyA

    (no. it really isn’t the Kentucky Derby.)

  • SoldierofTruth

    Disgusted with trolls. Have NO business being here. Isn’t it about time these people realize that if the world slips into the the cataclysmic state this website discusses,the deniers will be begging for help while I slam the door in their faces. Go ahead; laugh and jest about what is coming. When it takes you down, think about what you said and did to save your own skin: nothing but complain. There are too many people (trolls)who are pencil-necked, geek-oriented, and not smart enough to realize their weak little pointless lives are nothing but garbage. Not having the means to protect themselves, they even stupidly live smack-dab in the middle of the politically designated “blue areas” (i.e. cities. All the same scumbag losers do not understand how they will be completely VICTIMIZED by those more powerful. If not politicians who pay the police to be their thugs, then people who are really operators who will take from them everything they want. Keep laughing little troll. It’s coming.

    • mondobeyondo

      Hope you’re not referring to me, for I am not a troll, I’m a Smurf. You see, Smurfs have blue skin, but not necessarily blue blood. Rich people, especially royalty, have blue blood.

  • http://FACEBOOK JAMESKDEVASSY

    IMBLEMENTATION OF MIXED ECONOMY IS ONLY ONE REMEDY TO THIS CRISIS. SHOULD BE NATIONALISE ALL ,BANKS,HOSPITALS(ABOVE 50 BEDS) SHOULD BE DISMISS EURO. SHOULD BE REDUCE THE INVESTMENTS AT WEAPONS INDUSTRY. SHOULD BE NATIONALISE ALL RESEARCH AT AIR,WATER,AND EARTH. MIXED ECONOMY HELP US TO ALL COUNTRIES AT PROGRESS AND PEACE.

  • Evie

    Redistribution of the wealth is the elites idea. Take everything people have and force everyone into debt. Sounds like they want collapse.

  • Mansoor H. Khan

    Here is how the banker’s game works:

    http://aquinums-razor.blogspot.com/2011/11/here-is-how-bankers-game-works.html

    mansoor h. khan

  • William

    The VERY SAME knuckleheads who were cheering when the bombs and missiles began to rain down on Bagdhad in March of 2003, marking the start of an unnecessary war of choice based on LIES, now complain about jobs and the economy. The unnecessary war of choice in Iraq has cost about $1 TRILLION in up front costs (all BORROWED), which will balloon to between $3 and 4 TRILLION when the final costs are paid in 60 years or so. The Smirking Chimp and war criminal Bush is not so funny now, is he?? As for the failed Obummer, he is a total loser. Finally, be sure to vote for your incumbents in the US Congress in Nov. These are the IDIOTS who got the USA into this jam. Ask one WHERE he intends to get the $2.6 TRILLION stolen from the excess paid in Social Security taxes and owed to the Social Security system. Ask him WHY the USA BORROWS money to give away to FOREIGNERS when 1 in 46 American children are HOMELESS. If you do not like America FIRST, get OUT! and take your US Representative and US Senators with you.

    • mondobeyondo

      Why isn’t Ron Paul getting more attention?
      He certainly has his faults – he is after all, a human being. But he seems to be the most capable person to get our country out of the Mess it is in. Obama has failed thus far. Romey is sure to fail, if he is elected President,

      • englishvinal

        No politician is going to resolve the steel shackles that are sinking the country.
        Stop kidding yourself.

    • englishvinal

      William.. (I like that name, it was my husband’s name)….
      .. You are right. Nonetheless I have a comment to add.
      I AM “leaving” just as soon as I can… but I would not take one of those reptile skum bags with me if somebody paid me 20 million dollars IN GOLD~!
      .. I am leaving because I am 75 years old and I have owned a beautiful 43 acres if coffee country land in the cool mountains of Central America since 1997…. kept the taxes paid all these years, and although my dear husband crossed over and we never got to retire there, I have finally saved up enough so that I think I can get some steel shipping containers and start putting together a home in a safe haven country.
      The US is NOT a place that any “useless eater of 75 years” is going to want to try to stay… Let us be realistic about this!
      Things in the US are going to get a whole LOT worse before there will be any respite. You know it and I know it.
      .
      Therefore, for the “useless old people” who are already targeted by ObamaCare regulations for an early demise…. like me, there IS NO room for “America First”….
      So, for that sector of your post, I disagree. It is time to make like a tree and “leaf” if you can.
      Like the C&W song from the 80′s.. “You gotta know when to hold ‘em and when to fold ‘em”..!!!
      I’ve tried and tried to get somebody to “go in with me” in moving to a new quiet peaceful home… but nobody seems to be able to see what I see coming at all of us. At least not enough to help out with any money… so like the “Little Red Hen” .. I will do it all myself.

  • American

    The corporate conglomerates that constitute the mainstream media are NEVER going to tell us the truth because the wealthy elitists prospering from the current “situation” own them and won’t let them. They are the same wealthy elitists that buy off our politicians with money and revolving door opportunities effectively stealing the people’s vote.

  • Gary2

    Published on Monday, April 30, 2012 by Common Dreams
    Five Tax Fallacies Invented by the 1%
    by Paul Buchheit

    We hear these claims often, even though they’re entirely false. An analysis of the facts should make that clear.

    1. The Rich Pay Almost All the Taxes

    That’s simply not true. The percentage of total taxes paid by the very rich (the top 1%) is approximately the same as the percentage paid by middle class Americans (the 4th quintile, average income $68,700). Here are the details:

    Internal Revenue Service figures show that the very rich paid 23% of their incomes in federal income taxes in 2006. The middle class paid about 8% of their incomes in federal income taxes. Based on U.S. Congressional Budget Office figures, the very rich pay just under 2% of their incomes toward social security, while the middle class pays just under 10%. According to a study by The Institute on Taxation and Economic Policy, the very rich pay about 7% of their incomes in state and sales and property and excise taxes, while the middle class pays approximately 10%. Another year of Bush tax cuts will reduce the taxes of the very rich by at least 3% more than the middle class.

    So total taxes for the very rich are 29% of their incomes (23% + 2% + 7% – 3%). Total taxes for the middle class are 28% of their incomes (8% + 10% + 10%). These figures agree with CTJ’s 2011 estimate of total taxes paid.

    2. Tax Rates Are Too High

    In 2009, the United States ranked 26th out of 28 OECD countries in total federal, state, and local taxes as a percent of GDP. Only Chile and Mexico had lower tax rates.

    According to the Center on Budget and Policy Priorities, “federal taxes on middle-income Americans are near historic lows.” For taxpayers in the top 1%, the tax burden has fallen dramatically in recent years.

    At very high income levels, beginning at about the million dollar range, federal income tax actually becomes regressive. Effective tax rates level off at about 25%, and then go down from there. This is because all incomes over $388,000 are subject to the same 35% maximum. The $4 billion hedge fund manager pays no more, percentagewise, than the $400,000 doctor. In fact, even less. At the highest levels most of the income comes from capital gains, which are taxed at 15%.

    How about corporations? Even worse. They paid only 12.1% in 2011, dramatically lower than the 25% average since 1987. According to U.S. Office of Management and Budget (OMB) figures, they’re paying about a THIRD of the inflation-adjusted share of GDP paid by corporations in the 1960s.

    Compared to foreign countries, U.S. corporations paid a smaller rate of income taxes than 24 of 25 OECD countries analyzed by the Office of Management and Budget and the Census Bureau.

    Most stunning is the shift in taxpaying responsibility from corporations to workers over the years. For every dollar of workers’ payroll tax paid in the 1950s, corporations paid three dollars. Now it’s 22 cents.

    3. Tax Cuts Boost the Economy

    In the 1970s, University of Chicago economist Arthur Laffer convinced Dick Cheney and other Republican officials that lowering taxes on the rich would generate more revenue. The delusion has persisted to this day.

    Soon after the Reagan tax cuts, in 1984, the U.S. Treasury Department came to the logical conclusion that tax cuts cause a loss of revenue. A 2006 Treasury Department study found that extending the Bush tax cuts would have no beneficial effect on the U.S. economy.

    Other sources confirm that economic growth was fastest in years with relatively high top marginal tax rates.

    The reality is that supply-side, trickle-down economics simply hasn’t worked. Various economic studies have concluded that the revenue-maximizing top income tax rate is anywhere from 50% to 75%.

    4. Eliminating Tax Breaks for the Rich Wouldn’t Significantly Reduce the Deficit

    First of all, just eliminating the Bush tax cuts on the highest-earning 5% of Americans could knock $150 billion off the deficit. Congressional Budget Office data shows that the tax cuts have been the single largest contributor to the return of substantial budget deficits in recent years.

    But there’s so much more. The IRS estimates that 17 percent of taxes owed were not paid, leaving an underpayment of $450 billion.

    Most of the annual $1.3 trillion in “tax expenditures” (tax subsidies from special deductions, exemptions, exclusions, credits, and loopholes) goes to the top quintile of taxpayers. One estimate is $250 billion a year just to the richest 1%.

    Another $100 billion could be retrieved by collecting taxes from Fortune 500 companies at the 26% rate paid from 1987 to 2008. CTJ puts the figure at over $200 billion.

    Worse yet is the loss from tax havens, which the Tax Justice Network estimates as $337 billion.

    Despite some overlap in these figures, it all adds up to a pretty good chunk of the deficit.

    5. A Financial Transaction Tax (FTT) Would Hurt the Economy

    This fallacy would have us believe that a tiny tax on financial transactions is going to hurt the economy, even though the underlying reason for our economic collapse was the excessive, reckless, unrestrained, free-for-all trading of trillions of dollars of speculative derivatives.

    The inventiveness of this fallacy is impressive, with claims of lost jobs, harm to ordinary investors, and the threat of exchanges moving overseas. The Wall Street Journal calls the FTT a “sin tax.”

    An FTT isn’t likely to interrupt the global trading frenzy or cause any sudden defections from financial megacenters. The United Kingdom has had a tax on stock trades for decades, and the London Stock Exchange is humming along as the third largest exchange in the world. The CME Group, made up of the Chicago Mercantile Exchange and the Chicago Board of Trade, had a profit margin higher than any of the top 100 companies in the nation from 2008 to 2010.

    On the contrary, the FTT has extraordinary revenue-generating potential, on a global scale. The Bank for International Settlements reported in 2008 that annual trading in derivatives had surpassed $1.14 quadrillion (a thousand trillion dollars!). For the U.S. alone, revenue estimates by the Center for Economic and Policy Research and the Chicago Political Economy Group approach a half-trillion dollars annually.

    And at the more basic level of simple fairness, it should be noted that while an American mother pays nearly a 10% sales tax on shoes for her kids, millionaire investors pay .002 percent (2-thousandths of a percent) for a financial instrument. That kind of tax disparity is what really hurts.

    • Gary2

      Hey Michael–I guess pretty much debunks all those tax myths we here from our friends on the right!

      • Michael

        What do you mean Gary?

        Michael

        • Gary2

          The article I copy and paste refutes all the republican talking points about taxes.. They state the myth and then debunk it.

          Did not mean to have such a long peice though.

Emergency Essentials/BePrepared
Agora Financial
Thrive Life
FEMA Hates This

Austin Coins
Family Survival Plan - Check This Out!
High Blood Pressure?
The End Of America?
MHAdNew_125x125 copy(1)
FINCA BAYANO
Survive After Collapse

Silver.com

Camping Survival
GunMagWarehouse.com
Facebook Twitter More...