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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THE WALKING DEBT

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

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http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/07/20150702_time.jpg

Source: Townhall.com

Why The Puerto Rico Debt Crisis Is Such A Huge Threat To The U.S. Financial System

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

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Puerto Rico Map On A Globe - Photo by TUBSThe debt crisis in Puerto Rico could potentially cost financial institutions in the United States tens of billions of dollars in losses.  This week, Puerto Rico Governor Alejandro Garcia Padilla publicly announced that Puerto Rico’s  73 billion dollar debt is “not payable,” and a special adviser that was recently appointed to help straighten out the island’s finances said that it is “insolvent” and will totally run out of cash very shortly.  At this point, Puerto Rico’s debt is approximately 15 times larger than the per capita median debt of the 50 U.S. states.  Yes, the Greek debt crisis is larger, as Greece currently owes about $350 billion to the rest of the planet.  But only about $14 billion of that total is owed to U.S. financial institutions.  But with Puerto Rico, things are very different.  Just about the entire 73 billion dollar debt is owed to U.S. financial institutions, and this could potentially cause massive problems for some extremely leveraged Wall Street firms.

There is a reason why Puerto Rico is called “America’s Greece”.  In Puerto Rico today, more than 40 percent of the population is living in poverty, the unemployment rate is over 12 percent, and the economy of the small island nation has continually been in recession since 2006.

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MUST BE A NATURAL BLONDE

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

NOTHING LASTS FOREVER

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

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Via Zero Hedge


Study Shows U.S. Police Far More Concerned About “Anti-Government” Domestic Extremists than Al-Qaeda

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

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Guest Post by Michael Krieger 

Screen Shot 2015-07-01 at 2.43.11 PM

U.S. law enforcement agencies rank the threat of violence from anti-government  extremists higher than the threat from radicalized Muslims, according to a report released Thursday by the Triangle Center on Terrorism and Homeland Security (TCTHS).

The report, “Law Enforcement Assessment of the Violent Extremism Threat,” was based on survey research by Charles Kurzman, professor of sociology at the University of North Carolina at Chapel Hill, and David Schanzer, director of TCTHS and associate professor of the practice at Duke University’s Sanford School of Public Policy.

The survey — conducted by the center with the Police Executive Research Forum — found that 74 percent of 382 law enforcement agencies rated anti-government extremism as one of the top three terrorist threats in their jurisdiction. By comparison, 39 percent listed extremism connected with Al Qaeda or like-minded terrorist organizations as a Top 3 terrorist threat.

– From Duke’s Sanford School of Public Policy

Since September 11, 2001, the frightened and emotionally pliable American public has gullibly relinquished its civil liberties and free heritage in order to allow the U.S. government to wage unaccountable and unconstitutional war again Al-Qaeda and radical Islamic terrorism across the world.

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Federal Judge of 17 Years Repents – Compares Damage Done by “War on Drugs” to Destruction of World War II

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

Guest Post by Michael Krieger 

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The “war on drugs” is one of the most irrational, idiotic and destructive public policy failures in American history, and that’s saying a lot. I’ve covered this topic many times at Liberty Blitzkrieg, but nothing spells it out like the repentant words of a former federal judge, who admittedly ruined countless lives for no reason.

From the Atlantic:

ASPEN, Colo.—Former Federal Judge Nancy Gertner was appointed to the federal bench by Bill Clinton in 1994. She presided over trials for 17 years. And Sunday, she stood before a crowd at The Aspen Ideas Festival to denounce most punishments that she imposed.

Among 500 sanctions that she handed down, “80 percent I believe were unfair and disproportionate,” she said. “I left the bench in 2011 to join the Harvard faculty to write about those stories––to write about how it came to pass that I was obliged to sentence people to terms that, frankly, made no sense under any philosophy.”

She went on to savage the War on Drugs at greater length. “This is a war that I saw destroy lives,” she said. “It eliminated a generation of African American men, covered our racism in ostensibly neutral guidelines and mandatory minimums… and created an intergenerational problem––although I wasn’t on the bench long enough to see this, we know that the sons and daughters of the people we sentenced are in trouble, and are in trouble with the criminal justice system.”

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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.