Saturday, May 8, 2010
Unemployment rose in April as discouraged workers wondered back into the work force. The mainstream media's continuous hyping of an economic recovery lured many unemployed workers back into the workforce, only to not find jobs. The official unemployment rate rose to 9.9% while the U6 unemployment rate rose to 17.1% (even higher than last year.) Unlike the official unemployment rate, the government's U6 number includes discourage workers and part-time workers want need to work full-time.
If you look at the industrial production chart, you can see that bump of late 2008 has quickly faded.
But you'll also see retail sales rising. So what does this mean?
It means that the stimulus package has does nothing but postpone and worsen the inevitable. Many Americans will spend every penny they have on junk until the moment of total collapse. Don't be one of them. Store food, water and ammo. Things are going to get rough.
Thursday, May 6, 2010
The stock market crashed 1,000 points before recovering to a loss of 347 points. This is one of the scariest days in market history. What made it so shocking was the 600 point decline in a matter of 20 minutes. This was finished by an instant rally of over 400 points in least than 10 minutes. This has to be some sort of record.
This volatility can not be a good sign!
Greece is toasted. Economist Nouriel Roubini (Dr. Doom) believes that Greece is only the beginning. He believes that the Greece situation is 'Lehman Brothers'-like event will lead us into the second wave of this worldwide economic collapse.
What's happening is that countries are trying to bail other countries out, but no body has any real money.
I understand the need to make money, but how can we have political leaders betting against the market during an economic crisis. In October 2008, Sen. Isakson shorted the market by investing more than $30,000 in ProShares UltraShort 7-10 Year Treasury and UltraShort 20+ Year Treasury. And he's not the only one who's doing it. a Wall Street Journal analysis of congressional disclosures shows that many more Congress members engaged in this sort of behavior.
Can you say, "Conflict of interest!"
I can, and I just did.
Now let's focus on the jobs situation. The long-term unemployment situation is this country has not improved. At least not by much. Last August, Rutgers University researchers asked a thousand unemployed people about their unemployment status. Since then, about 80% of them have failed to find jobs. And out of the small percentage of people who managed to find a job, only 13 percent found full-time jobs. 61% of the job finders are stuck in crappy jobs.
So has the employment picture changed in your neck of the woods?
Tuesday, May 4, 2010
Alan Parrot, one of the worlds foremost falconers, claims to have a source that has met Osama Bin Laden several times in Iran. His source is a warlord from north Iran who claims that he has met Bin Laden on several occasions since 2003. Parrot, President of the Union for the Conservation of Raptors, claims that Bin Laden has been involved in the underground falcon trade.
According to Parrot, the source met the source claims that Bin Laden was in good health and still living in Iran. The last meeting between the two took place in 2008.
Here's a question: Why didn't this guy step forward sooner?
Keep in mind that this information was posted by Fox News. The American mainstream media has a long history of omitting the truth and reporting lies. Remain the stories about weapons of mass destruction? Remember that bogus story about Iraq trying to acquire nuclear materials? And what about the non-existent tie between Al-Qeada and Iraq?
This maybe one of the stories used to create a war in Iraq.
Is this false information planted by the U.S. (or Israeli government) or is Iran hiding a mass murderer?
Personally, I think Bin Laden is dead. He knew too for the CIA to bring him to trial.
Sunday, May 2, 2010
As far as oil spills go, this may be the worst-case scenario. This spill is producing a leakage of about 5,000 barrels of oil per day. This is creating a proverbial dark cloud of the Gulf of Mexico. How can we even begin to clean this disaster up? What type of impact will this have on the oil market? If the price of oil spikes up, the economy is going to hit a wall. This is not the time for us to have 4 dollar a gallon gas.
And the environment threat is almost unimaginable. The oil slick is at least 130 by 70 miles.