The Golden Truth: My Take On Today's Jobs Report

Friday, October 7, 2011

My Take On Today's Jobs Report

Aside from the fact that - for the most part - the report is nearly completely meaningless because it's so blatanly manipulated, here is a chart that is so horrifying, you can probably enlarge it and use it as one of your Halloween decorations. Happy Halloween those who are unemployed and actually would like to find a job because they're sick of living off the Government tit:

I may have a post tomorrow if I don't get too distracted by all the great college football on!

9 comments:

AnonymousFriday, 07 October, 2011
In get you're point, but most unemployed don't get tit money. Once you're claim expires it's good bye sucker.Then you have to read crap like your's.
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AnonymousFriday, 07 October, 2011
(Dave)

LOL. You could go join in the "Occupy" protests...I may go down to the Capitol this weekend to check it out. Smashmouth is playing on Sunday.
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AnonymousSaturday, 08 October, 2011
There is a lot to protest...

Harry M. Markopolos

In this King World News exclusive interview, Harry Markopolos the Whistleblower who brought down Bernie Madoff’s $65 billion Ponzi scheme reached out to KWN with the latest fraud he and his team have uncovered. Markopolos stated, “The Bank of New York is going to go down, Eric. Between Bank of New York Mellon and State Street, these two institutions have stolen between $6 to $10 billion from tens of millions of Americans retirement savings accounts. It’s been a hell of a crime spree for the bank, but now they are being brought to justice.”

Markopolos also told KWN, “The New York Attorney General filed suit on Tuesday (against Bank of New York Mellon) for stealing money from pension funds on currency transactions. This theft has been from tens of millions of Americans, policemen, firemen, librarians, municipal workers, judges and the list goes on and on and they’ve been doing it for decades.

At this pace Harry Markopolos and his team are fast becoming synonymous with fighting corruption and crime on a massive scale. Who knows, they may be this centuries new “Elliott Ness” and legendary team of law enforcement agents nicknamed “The Untouchables.”

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/10/8_Harry_M._Markopolos.html
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AnonymousSaturday, 08 October, 2011
Take for example, Cain’s support of Troubled Asset Relief Program (TARP). Most conservatives disdain TARP, and my guess is that — just as many of Perry’s early supporters were unaware of some of Perry’s positions — many of Cain’s new supporters don’t realize he supported TARP.

And Cain didn’t just support it in the abstract. In 2008, he wrote passionately in support of the program, arguing: “Wake up people! Owning a part of the major banks in America is not a bad thing. We could make a profit while solving a problem.”

Cain’s service as chairman of the Federal Reserve Bank of Kansas City in 1995 and 1996 might also be an issue for some tea party conservatives (though it also might help him with others).

http://www.businessinsider.com/here-are-the-issues-that-might-get-in-the-way-of-herman-cains-nomination-2011-10
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AnonymousSaturday, 08 October, 2011
German bank reclaims 50 trains from Bulgaria over payment row

The 50 diesel and electric trains, which were leased in 2003, form the only modern component of Bulgaria's creaking fleet of trains, with the bulk of locomotives and rolling stock dating back to the communist era.

BDZ was not immediately available to comment on the report as the company's management was holding a new round of talks with the trade unions on Friday in a bid to prevent the strike.

A failure to resolve the problem with KfW would "blow to pieces" the whole schedule of the railways since the new trains are vital for commuters around the European Union country's main cities, Trud reported.

http://www.thelocal.de/money/20111007-38063.html
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Ol'FordTrkSunday, 09 October, 2011
At first glance I thought the graph was M2!
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AnonymousSunday, 09 October, 2011
(Dave)

ROFLMAO
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AnonymousMonday, 10 October, 2011
John Hussman: Here Are 4 Things That Every Wall Street Protester Should Know

* “Failure” means bondholders shouldn’t be guaranteed every penny.

* The Federal Reserve’s purchases of Fannie and Freddie debt were illegal.

* Creating shell companies like Maiden Lane to buy bad Wall Street assets was illegal.

* Policies of bailouts only misallocate capital and exacerbate the wealth skew.

http://www.businessinsider.com/john-hussman-heres-4-key-points-all-the-wall-street-protesters-should-know-2011-10
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AnonymousMonday, 10 October, 2011
Wait til they figure out how those gold bars were labeled...

Authorities Shut Wal-Mart Stores in Southwestern China

BEIJING—Authorities in China's southwestern city of Chongqing ordered Wal-Mart Stores Inc. to temporarily close some stores after accusing it of fraudulently labeling ordinary pork as more-expensive organic pork, in the latest hitch to the company's China ambitions.

Chongqing officials ordered Wal-Mart to close 10 if its namesake stores and two Wal-Mart-owned Trust Mart stores on Sunday, according to a statement on the city's government website. The Bentonville, Ark., company must keep them shut for a total of 15 days, the statement said.

Wal-Mart said Monday it is cooperating with local authorities who are investigating the matter. Wal-Mart also apologized and ...

http://online.wsj.com/article/SB10001424052970203633104576621841009108466.html
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Add comment

Why Gold?

Gold is the world's oldest currency. You exchange your fiat currency (dollars, euros, yen, yuan) into gold as an insurance policy against catastrophic Central Bank and Government policies which serve to destroy the value of fiat currencies and destroy democracy.

Gold can ONLY be considered an investment to the extent that it remains significantly and historically undervalued in relation to the fiat currencies against which its value is measured. Otherwise it remains the world's oldest currency and is completely free from the counterparty risk associated with currency by Government fiat (i.e. fiat currencies rely on a Government's "full faith and credit.")

Quote Of The Month Courtesy of "Jesse"

Unfortunately for Larry Summers, Ben Bernanke, and their friends at the BIS, they have not yet figured out how to print physical gold, silver, and other essential commodities, and the world is reaching the point where it might simply start ignoring the New York based markets with respect to essential commodities such as basic materials, oil, foodstuffs, and the like, as they become increasingly irrelevant, fraudulent, and Orwellian. And then where will the financial engineers be, except with no more excuses and no place to hide?

Here is the link to his entire commentary, well worth a read:

http://jessescrossroadscafe.blogspot.com/2010/07/gold-daily-chart-shock-and-awe-for.html

Great Quote From Jim Rogers On Govt CPI Reporting

JR: I mean, we have inflation now. If you go to the shop, whether it’s groceries, or education or insurance or health care, prices are going up for everything. The government lies about it in the US. Some countries lie, many countries don’t: Australia, China, India and Norway. Many countries don’t lie about it and acknowledge that we have inflation. Others lie about it, the UK and the US, but if you go shopping you know prices are up.

Q: Are you saying that the American Consumer Price Index (CPI) published by the US Bureau of Labor Statistics is a lie?

JR: In my opinion, yes, of course it is. Have you looked at it? They’ve changed their accounting several times in the past few decades. When housing was 20% to 25% of the CPI and housing was going up, they didn’t count it, saying rents weren’t going up, and then when home prices started going down, they counted it. It’s the same with many things. It’s staggering some of the tortuous reasoning that the BLS has used over the past 25 or 30 years. When the price of gasoline goes up, they say it’s not really going up because it’s better gasoline, better quality, therefore you’re getting more for your money. I mean, it’s endless, the stuff that they say and for some reason people sit there, although more and more people are catching on, and accept what the government says.

source: www.clusterstock.com

Quote of the Week

"The primary function of a Central Bank is to engage in the massive transfer of wealth from the middle class to the wealthy elite. The Federal Reserve was set up to do this with the blessing and support of Congress." - Dave in Denver

If you refuse to believe the above, please read "The Creature From Jekyll Island: A Second Look at the Federal Reserve" by G. Edward Griffin and then explain to me why the Senate voted down the Vitter Amendment and Congress refuses to pass a law requiring a full audit of the Fed, even though the Fed is using taxpayer-backed money to bailout Wall Street and Europe.