PAYROLL REPORT IS A DISASTER

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Posted on 2nd July 2015 by Administrator in Economy |Politics |Social Issues

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Some Marketwatch Moron faux journalist – Rex Nutjob – is attempting to convince the ignorant masses that their pay is actually going up, when they know it is not. Today’s jobs report is an unequivocal disaster and again confirms recession. The BLS has some major cajones reporting that the unemployment rate plunged to a new 7 year low of 5.3%. Absolutely hysterical. Those guys really have a sense of humor. The blaring headline says we added 223,000 jobs. Of course, the reported numbers for the prior two months were drastically cut by 60,000 jobs. The talking heads never mention that. This number will be slashed in future months and not mentioned. And of course, the good old birth death adjustment added 109,000 more phantom jobs that weren’t really created. This 223,000 number is a farce.

Reality bites, as the other report showed that employed Americans DROPPED by 56,000 in June. That is more like it. A critical thinking person might ask, how could the unemployment rate DROP from 5.5% to 5.3% if there are 56,000 less employed Americans and the number of working age Americans went up by 208,000.

EASY PEASY – Your fine government drones at the BLS actually want the ignorant unemployed masses to believe that 640,000 Americans decided to voluntarily leave the work force in one fucking month because life is so good. They don’t need no stinking jobs. Who needs money to buy food, gas, and pay the rent? Orwell’s 1984 does not hold a candle to the misinformation, lies, and propaganda issued by the rulers today.

The labor force participation rate hit a 38 year low of 62.6%. Jimmy Carter was President. Do you remember how good those times were? Well the BLS, MSM and Wall Street think today’s jobs data is wonderful. It is as clear as a bright sunny day that this economy went into the dumper the second QE3 ended in October 2014. Since October, 1.4 million Americans got jobs, while 1.2 million left the workforce. The number of working age Americans went up by 2.0 million over this same time frame, but the government and their MSM mouthpieces of propaganda want you to believe the unemployment rate fell from 5.8% to 5.3%. It’s laughable, but it’s not a joke. The depth of their deception knows no bounds. The worse things get, the more they will lie and attempt to obscure the truth.

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OBAMA & HIS LIBERAL MINIONS SHOULD TEAR DOWN THE LINCOLN MEMORIAL

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Posted on 2nd July 2015 by Administrator in Economy |Politics |Social Issues

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If Obama and his liberal minions don’t want to be hypocrites they should tear down this monument to a racist. Lincoln quotes about blacks are proof he was a racist, based upon the revisionist view of history that is in vogue among liberals and race baiters. And while they’re at it, they might as well knock down the Jefferson Monument, since he owned slaves. Then we should destroy Arlington, since it was owned by Robert E. Lee. And half the monuments at Gettysburg are Confederate. Think of all the jobs we can create destroying monuments. Krugman will be thrilled with the economic boost.

Lincoln didn’t think too highly of the black race, based on these quotes:

“I have no purpose to introduce political and social equality between the white and black races. There is physical difference between the two which, in my judgment, will probably forever forbid their living together upon the footing of perfect equality, and inasmuch as it becomes a necessity that there must be a difference, I, as well as Judge Douglas, am in favor of the race to which I belong having the superior position.”

“In the language of Mr. Jefferson, uttered many years ago, “It is still in our power to direct the process of emancipation, and deportation, peaceably, and in such slow degrees, as that the evil will wear off insensibly; and in their places be, pari passu [on an equal basis], filled up by free white laborers.””

“Our republican system was meant for a homogeneous people. As long as blacks continue to live with the whites they constitute a threat to the national life. Family life may also collapse and the increase of mixed breed bastards may some day challenge the supremacy of the white man.”

“There is a natural disgust in the minds of nearly all white people to the idea of indiscriminate amalgamation of the white and black races … A separation of the races is the only perfect preventive of amalgamation, but as an immediate separation is impossible, the next best thing is to keep them apart where they are not already together. If white and black people never get together in Kansas, they will never mix blood in Kansas …”

“I have no purpose directly or indirectly to interfere with the institution of slavery in the states where it exists. I believe I have no lawful right to do so, and I have no inclination to do so.”

 


 

Athens On The Potomac – It Could Never Happen Here, Right?

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Posted on 2nd July 2015 by Administrator in Economy |Politics |Social Issues

Submitted by John Gabriel via Ricochet.com,

Financial experts in New York, London, and Brussels have tut-tutted Greece’s economic travails as Athens considers its future with the European Union. Why did they borrow so much money? How can they ever pay it back? Do they think that much debt is sustainable?

Instead of pointing fingers at the innumerates running Athens, they should consider our own situation. Jason Russell of the Washington Examiner shows how America’s debt projections look suspiciously like Greece’s recent history.

With all the chaos unravelling in Greece, Congress would be wise to do what it takes to avoid reaching Greek debt levels. But it’s not a matter of sticking to the status quo and avoiding bad decisions that would put the budget on a Greek-like path, because the budget is on that path already.

 

A quarter-century ago, Greek debt levels were roughly 75 percent of Greece’s economy — about equal to what the U.S. has now. As of 2014, Greek debt levels are about 177 percent of national GDP. Now, the country is considering defaulting on its loans and uncertainty is gripping the economy.

 

In 25 years, U.S. debt levels are projected to reach 156 percent of the economy, which Greece had in 2012. That projection comes from the Congressional Budget Office’s alternative scenario, which is more realistic than its standard fiscal projection about which spending programs Congress will extend into the future.

 

If Congress leaves the federal budget on autopilot, debt levels will soar. Instead, spending must be reined in to avoid a Greek-style meltdown.

While we’re right to be concerned about 2040, the U.S. is in deep trouble now. Yet if you mention the debt to most Americans, they’re either confused or indifferent. “But Obama lowered the deficit.” “Just print more money.“ “It’s Reagan’s fault!”

Since most graphs look like this, I created my own user-friendly debt chart focused on three big numbers: Deficit, revenue and debt. (My first version was published a couple of years ago. This one is updated with the most recent figures).

U.S. Debt Chart

It’s an imperfect analogy, but imagine the green is your salary, the yellow is the amount you’re spending over your salary, and the red is your MasterCard statement.

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BOOK OF THE YEAR

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Posted on 2nd July 2015 by Administrator in Economy |Politics |Social Issues

Via Knuckledraggin

THESE MONUMENTS OF SLAVERY MUST COME DOWN

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Posted on 2nd July 2015 by Administrator in Economy |Politics |Social Issues

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Via Lonely Libertarian

Troika Maneuvering to Rig Greek Referendum

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Posted on 2nd July 2015 by Administrator in Economy |Politics |Social Issues

Varoufakis Yanis

Mr Varoufakis  in a TV interview said very clearly: “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing what? Getting a ‘Yes’ vote on a non-sustainable solution that would be bad for Europe.”

I must admit, most politicians are not even close to the truth, but Varoufakis seems to be the ONLY finance minister who understands the demands of the Troika are not plausible for any nation. Merkel has tried to skirt any responsibility by saying this is a Troika decision. One must serious ask are those in the Troika just totally brain-dead? Their blackmail in Greece will become evidence to ensure that Britain leaves the EU. The ONLY thing that has save Britain was Maggie Thatcher’s effort to keep Britain out of the Euro for she knew far too well where it would lead. The view in Poland is also now anti-Euro.

The EU leaders will not travel to Athens now until after the referendum. Suddenly they realize that their powers are so off the wall, they dare not expose their schemes. Hollande of France wants a resolution for he fears a FRexit is gaining momentum. Obama wants a resolution fearing Greece will be forced into the arms of Russia breaking down NATO.

Yet through this all, there is no hope because those in power are clueless. They refuse to solve the Euro Crisis because they only see their own self-interest and assume they can force their will upon all the people. They are doing everything in their power now to rig the Greek Referendum to make it appear the Greek people want Brussels. This appears to be their only way of diverting the crisis with orchestrating a fake YES vote to economic suicide. The Troika will attempt to rig the referendum as they did with the Scottish elections.

TRUE INTENT

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Posted on 2nd July 2015 by Administrator in Economy |Politics |Social Issues

Political Cartoons by Chip Bok

QUOTES OF THE DAY

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Posted on 1st July 2015 by Administrator in Economy |Politics |Social Issues

“If ever you find yourself environed with difficulties and perplexing circumstances, out of which you are at a loss how to extricate yourself, do what is right, and be assured that that will extricate you the best out of the worst situations. Though you cannot see, when you take one step, what will be the next, yet follow truth, justice, and plain dealing, and never fear their leading you out of the labyrinth, in the easiest manner possible.

The knot which you thought a Gordian one, will untie itself before you. Nothing is so mistaken as the supposition, that a person is to extricate himself from a difficulty, by intrigue, by chicanery, by dissimulation, by trimming, by an untruth, by an injustice. This increases the difficulties ten fold; and those who pursue these methods, get themselves so involved at length, that they can turn no way but their infamy becomes more exposed. It is of great importance to set a resolution, not to be shaken, never to tell an untruth.

There is no vice so mean, so pitiful, so contemptible; and he who permits himself to tell a lie once, finds it much easier to do it a second and third time, till at length it becomes habitual; he tells lies without attending to it, and truths without the world’s believing him. This falsehood of the tongue leads to that of the heart, and in time depraves all its good dispositions.”

Thomas Jefferson, Letter from Paris, August 19, 1785
“He promises you illumination, he offers you knowledge, science, philosophy, enlargement of mind. He scoffs at times gone by; he scoffs at every institution which reveres them. He prompts you what to say, and then listens to you, and praises you, and encourages you. He bids you mount aloft. He shows you how to become as gods. Then he laughs and jokes with you, and gets intimate with you; he takes your hand, and gets his fingers between yours, and grasps them, and then you are his.”

J. H. Newman

THE TRANSFORMATION OF HUMANITY NOW IN PROGRESS, i.e. Go F**k yourself

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Posted on 1st July 2015 by T4C in Social Issues

I guess this counts as TRULY taking care of yourself.

 

You’re Macrostomum hstrix

by Karl Denninger

I’m quite serious.

After nearly 10 years of writing on the various schemes and scams that have and continue to destroy your financial and personal future I have observed only commentary in response including (1) the law will simply be more-ignored (yet they won’t do anything about it), (2) bleating that if you just vote for {democrats|republicans|martians|the-man-with-a-tardis} it will all be fixed despite 30+ years of evidence to the contrary, (3) you should buy gold (which will be $50,000/oz “soon”), (4) you should read books written by men intended to control more men using the threat of eternal hellfire as their premise (how come nobody can prove it?) or (5) just BTFD and you’ll get rich (how’d that work in 2008?)

Well, citizens, after much reflection I must accept that you’re Macrostomum hstrix.

Why?

You quite-clearly have been ****ing yourself in the head.

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Flatworm uses ‘hypodermic penis’ to inject sperm into own head

By Philip Oldfield

 July 1, 2015

The pursuit of reproductive success in the animal kingdom sometimes calls for extreme measures. But few creatures can match the hermaphrodite flatworm, which scientists have discovered can reproduce by injecting sperm into its own head.

The tiny aquatic worm, Macrostomum hystix, is able to self-fertilise because it produces both eggs and sperm. Although it prefers to reproduce with other flatworms, when no mating opportunities are present it resorts to using its needle-like penis to inject sperm into its own head.

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Greece: The Problem and the Solution

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Posted on 1st July 2015 by Administrator in Economy |Politics |Social Issues

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Latest Developments

Alexis Tsipras has sent a letter to Jeroen Dijsselbloem of the euro-group (you can download the letter here, pdf), in which he requests a separate bailout from the ESM, essentially proposing that the ESM take over Greece’s liabilities for a period of two years. Unsaid, but implied, is that this would result in the referendum being recalled. More likely it is just a ploy to enhance Syriza’s chances of obtaining a “no” vote in the referendum.

 

Image via dreamstime.com

 

Rumor has it that this letter was sent in the wake of “infighting at Syriza” over whether or not to hold the referendum. Reportedly some in Syriza fear that there is a risk that the “yes” vote will prevail and force Tsipras to resign and call for new elections. Anyway, these are just rumors, if not entirely implausible ones. The letter Tsipras sent in any case didn’t change anything, because the stance of the euro-group is that nothing new will be decided until after the referendum.

What struck us as far more interesting however, is how far Angela Merkel was apparently prepared to go in order to accommodate Greek demands. She let this slip when briefing her government coalition partners in Germany, the Social Democratic Party (SPD). She didn’t appraise her colleagues in her own party of this, apparently fearing their wrath. As Der Spiegel reports in its German language edition:

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OBAMACARE ADDS $1.1 TRILLION TO THE NATIONAL DEBT & INCREASES TAXES BY $800 BILLION

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Posted on 1st July 2015 by Administrator in Economy |Politics |Social Issues

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The CBO, whose estimates are as accurate as a Tim Tebow pass, shows that Obamacare increases deficits by a total of $1,156 billion over its first 10-year period.  This is supposedly offset by cost savings of $879 billion (predominately $802 billion saved in Medicare) and unrelated tax increases of $631 billion (predominately $346 billion in investment income surcharges). These government accountant weenies always underestimate the costs and overestimate the savings. The cost of Obamacare will soar past $2 billion. The States are already being overwhelmed by the increase in Medicaid enrollees, far above the estimates made by the Obamanistas. This bloated abortion of a healthcare plan will accelerate the destruction of our economy.

problem

Everyone of these taxes will be passed along to you in the form of higher prices. I thought Obamacare was supposed to save every family $2,500 per year. I’m still waiting. How about you?

ocip

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What if Gold Is Declared Illegal?

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Posted on 1st July 2015 by Administrator in Economy |Politics |Social Issues

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The Beginning of the End

Over the weekend, the lines in Greece stretched along the street. Around the corner. Down the block. Lines to get cash. Lines to buy gas. Lines of people eager to get their hands on something of value. Food. Fuel. Cash. Pity the poor guy who was last in line …

… the poor taxi driver, for example, standing behind 300 other people, trying to get 200 lousy euros out of an ATM. Like a tragic nightclub customer … among the last to smell the smoke. By the time he headed for the exit, it was clogged with desperate people, all struggling to get through the same narrow door at the same time.

 

last in lineBeing the last in line usually means you have waited too long.

Image via archives.gov, Al Capone’s Soup Kitchen, Chikago 1931


Remember: When a bear attacks in the woods, you don’t have to be faster than the bear. You just have to be faster than at least one other hiker…

Likewise, you don’t have to be the first one to get your money out of an ATM. You just want to be sure you get your money before the machine runs out of cash. And when a bear attacks Wall Street, you don’t have to be the first to sell. But you definitely don’t want to be the last.

 

storming the bankPeople storming a bank in Shanghai in December 1948. The paper currency had just crashed, and the Kuomintang decided to make a distribution of 40 grams of gold per person. People desperately wanted to obtain their gold before the banks ran out.

Photo credit: Henri Cartier-Bresson

 

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