I don't think I would find anyone who would dispute that the BLS employment report is, at best, very poorly constructed and, more likely, intentionally and fraudulently manipulated.
The Gallup research organization released it's own employment measure today. I think almost everyone would agree that it is likely that Gallup's report is more accurate that that of the BLS, although I have to believe that, depending on how they format their polling questions, likely understates true unemployment. I also am pretty sure that they assume the BLS number for the size of the labor force, which we know is fraudulent and vastly understates the population pool that would actually like to have a job.
Having said that, it is possible that the Government will try to jam another report down our throats that shows unemployment continuing to fall. Ahead of that, Gallup finds that their unemployment metric shows that unemployment has jumped up to 9.1% in February and that underemployment - those who want jobs but are stuck with only part-time or no work - is at 19.1%. Here's the report: LINK
Thursday, March 8, 2012
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Hell the spin has already started. Try to get through the first two paragraphs of this:
ReplyDeletehttp://finance.yahoo.com/news/warm-winter-may-cooked-economic-160522450.html;_ylt=Agfhu2Ztg7Ext7zeiLmawXWiuYdG;_ylu=X3oDMTQzN2FxbDRjBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwNhYmVjNTE4YS0yYWYyLTM0NzUtYjcyYi1jOTJiNTU5ZmM3MjkEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDNzIyZjk5ODAtNjkzOS0xMWUxLWJiYmYtOTVmMTExMGFhNTk3;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3
The logic (or lack thereof) displayed in that is just mind-numbing.
Recently the Privateer (buy it, it's worth the jing) said there are two basic models of economics. The first is survival through production and trade. The second is by FORCE or stealing from disadvantaged producers.
ReplyDeleteHere's where we are:
There is a power known as global central bankers who are dominating global trade on the basis of theft.
We labor to establish capital... product, savings, physical plants, enterprise and the prospect of future production. We do all this in hopes of exchanging goods and services in a free market. Our labor creates value in our ability to accumulate stuff for life-style (spending) and stuff for future production . When we get enuf stuff, an enterprising soul will even endeavor to expand one's holdings in matters of risk.
Everything THAT PROVIDES US SAFETY (everything we strive to attain in this 3rd dimension of gravity and need) is based on our labor, toil, acceptance of risk, and personal judgement. In a free capitalist market, anyone can attain their own level of safety in capital, savings, lifefstyle as long as NO POWER HAS THE ABILITY TO PRICE or VALUE or RE-VALUE or DE-VALUE OUR LABOR by FIAT.
But we live under a different system. There is a POWER that can Value, Re-Value and De-Value our labor, our capital, our life's work at their whim and fancy (for the benefit of the elitist power structure and the banks.) Whether it is the servants of the Mayan king in Apocalypto, or the Hebrews in Egypt, whether it is by debt and the power to force debt service on US citizens, whether it is African Princes in chains, or indentured servants...
What is the name of the institution that can steal a man's labor?
Slavery
Next week we will discuss how Slavery and Force have replaced real economics (which is by definition, "the profitable distribution of goods and services for the benefit of all mankind.")
Something To Keep In Mind Before you open a commodity/brokerage account...
ReplyDeleteMF Global Trustee Asking Customers To Release Legal Claims In Return
For Their Money
It is hard to believe that the Trustee Giddens intends to ask
customers to surrender their right to sue Jon Corzine and other
parties in return for only a partial repayment of their stolen money.
This could be a simple misunderstanding. That would be a bit much even
by the outrageous standards of this scandal.
Let's see how this is resolved.
Bloomberg
MF Global Customers Call Trustee’s Demands ‘Unwarranted’
By Linda Sandler
Mar 8, 2012
MF Global Inc. trustee asked futures customers to release claims
on the defunct brokerage in return for money they are owed, demanding
an “unwarranted” transfer of legal rights, a group of customers said.
The customers, including William Fleckenstein, Thomas Wacker and
Summit Trust Co., said in a court filing yesterday that they were
notifying the judge supervising the firm’s liquidation of their
“concern” in case he wasn’t aware that trustee James Giddens had
mailed his demands to some customers along with his determination of
their claims. One of Giddens’s demands may require customers to
release claims made in class- action lawsuits, they said.
http://jessescrossroadscafe.blogspot.com/2012/03/mf-global-trustee-asking-customers-to.html
....sickening
Hmmm... I wonder what other stocks they use this on?
ReplyDeleteOverstock.com Announces Court Declines to Seal Evidence in Goldman Sachs/Merrill Lynch Case
SALT LAKE CITY, March 8, 2012 /PRNewswire/ -- Overstock.com, (NASDAQ: OSTK - News) today announced that in its stock manipulation suit against Goldman Sachs and Merrill Lynch the court denied mostly all of defendants' motion to seal the evidentiary record on the summary judgment hearing. The ruling is significant because the evidence submitted to the court lays out in detail the means by which Goldman Sachs and Merrill Lynch used naked short selling, in concert with others, to manipulate downward Overstock.com's share price.
http://finance.yahoo.com/news/overstock-com-announces-court-declines-144400038.html
Sheep rhymes with sleep....
ReplyDeleteFBI Director Can’t Answer Basic Question About Due Process (with Judge Andrew Napolitano)
http://sgtreport.com/2012/03/fbi-director-cant-answer-basic-question-about-due-process-with-judge-andrew-napolitano/