Category Archives: U.S.

Business/Economics, Opinion, U.S.

What Economic Recovery? Mainstream Media Experts get it wrong, again. Job creation predictions way off

“Today, companies are producing more goods and services than ever before. The economy is able to do that with 7 million fewer workers. If we can do so much with so much less, where is the incentive to hire?”-Bernard Baumohl,  The Economic Outlook Group

For the past few days the stock markets have been going up (mainly those reported by the Dow Jones).  Some mainstream U.S. media outlets were saying it’s because of good jobs data.  It turns out their claims of good jobs data was based solely on “expert” economists, who were just plain guessing (like always).

Today, July 8, the U.S. Department of Labor released the official job hiring numbers for June, and boy are the “expert” economists way off.  The mainstream media had been reporting that “expert” economists predicted 120,000 people would be hired in June.  The actual number of people hired…18,000.   That’s a big difference.  It’s also clear proof that the U.S. economy is not recovering.

The job creation number is a “net” number, meaning it’s what’s left over after you subtract the number of people who lost jobs.  Another way to say it is that corporate america fired way more people than they hired.  And this has been going on for years now.

“We are backsliding. The chances are that we go into another recession or we muddle along at technical growth, but actually making no improvements as far as Main Street goes. The chance of one of those things happening is extremely high.”-Heidi Shierholz, Economic Policy Institute

How bad is the unemployment situation?  Officially 7 million people lost their jobs as a direct result of the credit crisis, which started in 2007/2008.  Today, officially there is still 6.3 million people with no jobs!   And by “officially” I mean those people who’re still counted by state and federal unemployment agencies, there are potentially millions who’re no longer counted.

If you notice I used two quotes from economist who seem to know what’s really going on.  I see many reports and comments from such economists, yet the mainstream U.S. media always goes with the “experts” who always get it wrong.

Why would the mainstream U.S. media continue to report faulty data?  Could it be because the mainstream U.S. media is not only traded on the stock markets, but is actually invested in the stock markets, so basically they’re scamming potential investors to give up their money to the biggest casino in the world, The Stock Market?

There are also those who believe the mainstream U.S. media is doing the bidding of the Federal government, in trying to make things look better than they really are, to try and prevent mass civil disobedience (like what’s happening in some European countries).

In any event, it is clear that you can’t rely on the mainstream U.S. media for “facts” about our economy.  And you can not use the stock market as a gauge for the performance of our economy.

The fact that 6.3 million people are still officially out of work, shows that after three years of promises about improving our economy, and claims that the recession is over, absolutely nothing has improved and many “Main Streeters” think we’re heading into a Depression.

 

Business/Economics, International, U.S.

New York takes over Germany, the real reason the stock market is going up

U.S. media reported that the continued increase in the New York Stock Exchange (reported by the Dow Jones) is because of good economic data, like better than expected job numbers.

Monthly unemployment numbers are still over 400,000, and many economists have repeatedly stated that it needs to drop below 400,000, for several months in a row, to be considered a “good” sign.

Could the real reason be that the NYSE (aka NYSE Euronext) was just approved, by shareholders, to take over one of Germany’s stock markets: Deutsche Boerse AG.

The take over still needs approval of Deutsche Boerse shareholders.

This seems to be a more likely reason for the upswing in the NYSE trades, because Germany is the only economic powerhouse left in the European Union, thanks to its many trade deals with China.

According to the NYSE website, “…NYSE Euronext’s equities markets include the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca.  NYSE Euronext also operates NYSE Liffe, a European derivatives business.”

The Dow Jones is a stock market index, which includes the NYSE Euronext trades in its daily reporting.

International, U.S.

100 Iraqi politicians sign letter of warning, the U.S. better leave or else

Despite repeated public statements, protests and even attacks against U.S. troops, U.S. officials are still haranguing the Iraqi Prime Minister about letting them stay.

U.S. Admiral Mike Mullen admitted that his staff is having a hard time convincing the Iraqi officials that the United States should stay past their agreed upon withdraw date.  The U.S. is now taking the stand that Iraq has serious security gaps, that only the U.S. can fill.

In response to the continued efforts of the Obama administration to renege on the promised withdraw date, 100 Iraqi lawmakers signed a letter of warning, which basically said if the U.S. gets its way all hell will break loose in Iraq, with the focus of that hell upon U.S. forces.

 

 

International, Opinion, U.S.

Paranoia about terrorism out of control in the U.S., or is the TSA run by a bunch of sicko perverts? Butt Bomb Implants?

The Transportation Security Administration says they are concerned about terrorists going to the ridiculous trouble of surgically implanting bombs in their bodies.

Of course the TSA says the latest full body scanners can’t detect such things, so they’ll have to resort to even more invasive pat downs, or other means of checking you out.

TSA officials admit there is no evidence that terrorists are planning such an inefficient way to blow things up.

Think about it, the cost of implanting a bomb inside yourself go against one of the standards of terrorists, that is to do things as cheaply as possible.  Why not spend the money on a shoulder launched guided anti-aircraft missile?  Also, you couldn’t send the terrorist in to do the job right away, because of recovery time from surgery.  And if the surgeon is not the best in the world at stitching, the scar from the surgery is a dead giveaway, no need for more invasive pat downs.

One report says TSA officials think terrorists would implant bombs in their butt!  Hey buddy, what’s that bulging from your butt?  Why the big ass scar on your butt?  Oh, officer I just had butt implants done in Hollywood, I’m gonna be a big shooting star.  Yeah right!  Butt bomb implants?  Doc, now that I have a bomb in my butt can I sit down?  I suggest keeping off your butt until it’s time to blow up the plane.  Well that’s simple, TSA agents just have to watch for the person who refuses to sit down.

TSA officials also say women could put bombs in their boobs!  Excuse me ma’am but your boobs are oddly shaped, I’m gonna have to cop a feel. By the way, one bomb “expert” in Colorado said the detonator for a boob bomb would be under the boob, so if someone presses down…BOOM!  The next time you check out the scars on that porn star’s boobs it might not be silicone in there. Especially if it’s an evil Muslim porn star, you know those Muslim women like to put bombs in their boobs.  It’d have to bee a woman who hates wearing bras, ’cause you might set it off just by putting on your bra, if that “expert” in Colorado is correct.

Here’s another inefficiency in body bombs: Another report said that the body bombs would have to be set off by the terrorist using a large syringe to inject a chemical into the bomb to make it explode.  How does the terrorist get through security with a large syringe of fluid?  Also, how would passengers on a plane, or bus, or train react if they saw someone whip out a huge syringe and jab it into themselves?  If they jab their stomach passengers might think, oh diabetic.  But what if they jab their boobs, or bend over awkwardly and jab their ass?  Still, how’d they get through security with a syringe?

Reality check: Terrorists don’t have to blow up the plane, or bus, or train or whatever.  They can just blow up the TSA checkpoint, or the TSA agents doing a random check in a random location, it’ll still have the same affect.  Look at what anti-abortion terrorists have done; place bombs in trash dumpsters to take out emergency responders, who where responding to the shooting of people who where trying to go into the abortion clinics.  Simple things like that is how most terrorists think, not “I’m gonna put a bomb in my butt/boobs, wait several weeks while I heal up, then try to get on a plane by going through a security checkpoint designed to find bombs.”

Remember, there is no evidence of such a butt/boob bomb plot.  Officials can only point to a British intelligence report that speculates that terrorists might implant bombs into their bodies.  Anybody remember the last time the U.S. went along with British intelligence?  It was the months leading up to the U.S. invasion of Iraq.  Since then all “intelligence” from the British, about Saddam Hussein and Iraq, have been proven to be faulty or even made up.

A retired FBI bomb expert said body bombs are totally impractical: “While possible, it is much less likely to work than other scenarios. There are more practical ways of doing it.”-Leo West

Apparently President Obama supports the TSA’s latest claims, his spokesman Jay Carney, said that the U.S. must continue to evolve ways to search for terrorists and their bombs.

I think the TSA is run by a bunch of perverts, who’re looking for any excuse to exercise a Homeland Security grope fest on your ass and boobs.

 

Business/Economics, U.S.

Proof that insurance is too powerful: GM cars now come with insurance

General Motors, desperate to increase domestic sales, will include insurance on new car purchases.  But only if you live in Oregon or Washington states.

It is part of an experimental marketing program, to increase car sales.  The insurance will be provided by Met Life.

The experiment will last until September 6.  Oregon and Washington are being targeted because GM sales suck in those two states.

International, U.S.

No more open borders in Europe, no thanks to the U.S. & European wars in the Middle East & North Africa

Denmark announced that starting July 5, no more open borders.  They blame drug trafficking and illegal immigrants.

Since the U.S. led invasion of Afghanistan drug trafficking has skyrocketed across Central Asia and into Europe.  Many of the drugs come from U.S. occupied Afghanistan.

The NATO attacks on Libya have greatly increased what European governments are calling illegal immigration (most of whom are actually war refugees, no thanks to the European/U.S./NATO war on Libya).

Denmark is not the first EU member to close its borders.  France and Italy closed their borders with each other, for the same reasons as Denmark.  In the case of France and Italy, French officials discovered that Italy was giving refugees (I mean illegal immigrants), mainly from Tunis and Libya, EU visas then putting them on trains bound for France.

Other EU members are complaining about the violation of the European Union’s “open borders” policy, but Denmark claims their border closure will not affect commerce.

International, U.S.

Saudi Prince tells U.S. led NATO to invade Iran or give Saudi Arabia nuclear weapons

A British newspaper reports that a secret meeting was held between NATO and Saudi Prince Turki al-Faisal.  The subject was nuclear weapons, and how Saudi Arabia could get some.

The Guardian quoted an unnamed Saudi official as saying: “We cannot live in a situation where Iran has nuclear weapons and we don’t.”

The meeting concerned Saudi fears that Iran will develop nuclear weapons.

Saudi Arabia is a Semitic country.  Iran is technically Aryan (Aryans originate in Central Asia, and spread from India to Europe, the politically correct term in the West is Indo-European).  Also, most of the Saudi royal family are Wahhabi (aka Salafi) Muslims (the main stream western media incorrectly says most Saudis are Sunni Muslim).  Most Iranians are Shia Muslims.  Al Qaeda, also made up of mainly Wahhabis, declared jihad against Shia Muslims.  The dominating tribe of Saudi Arabia (the royal family) considers Iran a mortal enemy.

One analysts says what’s really happening is that Saudi Arabia is trying to push the United States closer to going to war with Iran: “I think the point is less that Saudi Arabia is really planning to make nuclear weapons, it’s about impressing on the U.S. how urgent it is to react to Iran’s nuclear program.”-Guido Steinberg, German Institute for International and Security Affairs

 


Business/Economics, International, Opinion, Technology, U.S.

Rare Earth Minerals the ‘oil’ of the 21st Century. Who controls the most? Same old adversaries of the 20th Century

Rare earth minerals will become the ‘oil’ of the 21st century.  That’s because they’re used in high tech electronics, and the more the world becomes reliant on electronics, the more valuable rare earth minerals become.

In fact, some analysts say some of the current wars raging on the African continent are all about control of rare earth minerals.

Here are some examples of rare earth minerals: Dysprosium is used in electric motors for vehicles, and Terbium for the latest televisions.

Who’re the biggest controllers of rare earths?  Why they’re the same major players of the Cold War in the 20th century: Russia (the boss of the Soviet Union during the Cold War), China and the United States.

However, China actually controls 90% of the production/refining of rare earths.  This is where their true power comes in.

Rare earth minerals are so important that the Japanese University of Tokyo spent a lot of money conducting a search for other sources of rare earths.  Their target search area was the Pacific Ocean.  International law would prevent any monopolization by any country, of rare earths found in the Pacific Ocean.

They found plenty.  From 2000 samples taken at 78 locations, Associate Professor Yasuhiro Kato estimates there is 800 times the rare earths at the bottom of the Pacific Ocean, than there is on land.

They targeted volcanic vents on the Pacific Ocean floor.  Hawaii has a lot.  The problem is that most of the high concentrations are at depths of 3,000 to 6,000 meters (9,842 to 19,685 feet).  So there are technical limits to getting at the Pacific Ocean rare earths.

Business/Economics, Opinion, U.S.

Declare Independence from Banks: Economist says Big Banks control the United States, revolution only answer

“People think jobs create wealth, they don’t, they don’t.  It is being done by capital instruments [loans].”-Rodney Shakespeare, Trisakti University

A British economist with Trisakti University, in London, U.K., says ‘wealth’ is now actually created by big banks, and the big banks totally control the U.S.

The ‘wealth’ is created by the interest and fees the banks charge on their loans (capital instruments), and their money is fake:  “The banks do not lend existing money.  They create money out of nothing.  They add administration costs and they add interest and then they lend it for anything.   And that is where you’ve gone horribly wrong.”

The real money, the ‘wealth’, comes from individuals, governments and corporations paying back the loans the got from the big banks.  Essentially the banks are making big money for themselves, from nothing (why else do they keep reporting huge profits in a bad economy).

Over the past few decades, big western banks have been gaining control by making as many people, governments and corporations addicted to living off of their loans.  A tiny elite of people are benefiting: “Of course the banks and financial elites think this is a marvelous idea, because it effectually means that all the time they can ‘cream off’ what is essentially a ‘tax’…”

There are two answers Professor Shakespeare suggested; share the ‘wealth’ by spreading the benefits of capital instruments (bank loans) amongst the people, or: “…an uprising against what could be summarized as ‘banker occupation’.  Until that happens there’s no chance of new thinking coming into being.”

I can only think of mass default on loans to be the most destructive way to rise up against “banker occupation”.  This would involve not only individuals, but governments and corporations as well.

Business/Economics, Idaho, U.S.

What Economic Recovery? Corporate officials used Idaho unemployment funds to float their companies

According to the Idaho Department of Labor, corporate executives based in Idaho, used unemployment benefits to float their companies (because of the bad economy).

The executives, who own their companies, would apply for unemployment benefits claiming they had lost their executive position.  They would then use the money to float the company that they held controlling stock in.  It was all legal.

As of now they can’t do that anymore.  Idaho lawmakers created a new law that says corporate executives applying for unemployment benefits must prove they have no ownership in the company they had worked for.  The new law affects about 30,000 executives in Idaho.

However, the new law allows corporate executives to stop paying into the corporate unemployment system.  In Idaho unemployment taxes are paid by employers, not employees, but employers can be eligible for a refund.