BlackRock is a very large investment management and financial planning company with their hands in just about everything. For 10 years Edward Dowd was a Managing Director and Equity Portfolio Manager for the company so he understands markets, money supply and how things work when it comes to money. In this clip, that is making its rounds on social media, Down warns all the poor policies that have been enacted to prop up economies, especially as a result of the bug, are not going to hold much longer....
'We're at the end and due to that fact um we're going to see lots of crazy things in the financial markets. I think we're going to see um the credit markets become unhinged, the equity markets become unhinged.. Um you know the fed got a reprieve from covid when they were able to you know under the cover of covid would print 65 percent more money um to keep this thing afloat but we're at the end.. end days here. And um a lot of what you're seeing in the response from global governments is what I believe is setting up a system to um you know under the guise of medical tyranny to uh prevent uh the riots that are gonna ensue once this thing all unwinds that's my personal belief and I watch what people do not what they say'
Got it?
He's saying the money printing isn't going to hold, Globalists/BuildBackBetter advocates/ NWO types have been rushing to get as much power as they can in the name of public health safety as a result of the bug to keep people on lockdown for when SHTF, because they KNOW when all the John and Jane Homemaker’s life savings are wiped out they're not just gonna sit by and accept whatever bs story their fed. People will snap their will be blood in the streets - something like the Purge but average people wont be going at it, instead they’ll all be out for the people who caused the collapse. Now you understand why the powers that be are trying to keep everyone locked down, becoming quite the tyrants.
This site has been warning for years that we've been in the eye of the storm of the Greatest Depression, and when we hit the other side of the storm wall it will be unlike anything seen/ experienced.
Buy guns and ammo, and other supples, learn some skills, connect with like minds.
Gregory Rigano, Advisor to Stanford University School of Medicine, reported that a full peer reviewed study showed that after 6 days 100% of patients treated with Hydroxychloroquine + Azithromycin, used to treat Malaria, were "virologically cured" of COVID-19/coronavirus.
(This is Didier Raoult MD, PhD who is responsible, his presentation is in French, be sure to adjust the close captioning for English translation)
Rigano is calling on Pres Trump to authorize the use of this drug immediately to combat the CHINESE virus. It has been used for over 50 years, so researchers and drug makers do not have to jump through any FDA or regulatory hoops to get this medicine out to the thousands of people infected with the CHINESE virus. Don't forget this is the same President who signed Right to Try bill allowing access to experimental treatments.
Now we will see who is playing games for profit, political points or cares about saving people. If in fact everything we're being told here is true there is no reason for a delay of getting this medicine out. Anyone who questions this study, wants to drag things out - well then we know whose side they're on!
This CHINESE virus needs to be stomped out quick, aside from the lives its taking, devastating families, the economic chaos it will cause will result in more deaths! We're talking global depression, the GREATEST Depression. All the economic bubbles this site has been warning about are or are about to be triggered. That economic storm we entered in 2008, where we've been in the eye of that storm for at least the last 6-8 years didn't go away when Trump was elected. If we don't get back to work allowing markets etc to recover we're ALL going to be slammed right into that eye wall where people are going to be wishing for the good old days when there was a mad rush for toilet paper!
Elizabeth Warren proposed her Medicare For All plan where the final bill as you've probably heard will cost America $52,000,000,000,000! It's such an unrealistic joke of a plan that even the Leftists in the media are ripping on it!
Just so you know the total govt revenue is $6.73T. According to this socialist not one American will see their taxes go up, but she will stick it to the 1% and corporations who apparently love to pay more in taxes and never pass that expense onto their services and products where their customers aka YOU will be the ones footing the bill. 🙄🙄🙄
180M health plans will be disrupted.
Doctor shortage will be an understatement, all Americans will experience the nightmare waiting times we've heard of from nations with socialized medicine not to mention our own VA system.
2 million health care related jobs will be lost, but hey at least under this plan illegal aliens will be granted amnesty, because without them it doesn't work!
Do you know WHO keeps Wall Street up at night? This woman, who is a walking nightmare, she has never run a business yet here she is proposing to more or less wipe-out our entire healthcare system for her version of Medicare-For-All aka promise of free stuff to get votes. If by some act of God Warren became President, that economic nightmare this site has been warning about will hit, and probably hit much harder than the catastrophe many HONEST people in the finance world have already been predicting (will dwarf Great Depression).
Whether it's Warren, Sanders or Biden running in 2020 on the dem ticket they will act to fulfill obama's promise of fundamental transformation by wrecking the healthcare system. You've seen what obamacare did, this would be far worse wrecking the economy for sure. Vote Trump and conservatives in 2020 or say goodbye to your healthcare plan and doctors.
The Left is talking recession, discussing how bad it will be and that no one wants it to happen but deep down they do, thus this supercut from WFB.
Make no mistake the Left WANTS a recession, if not a full blown economic collapse. Why? They believe Americans (you, your family, friends, co-workers etc) will be hurting so bad financially that voters will turn on Pres Trump and the GOP voting democrats into power. Bill Maher was the only one who is being honest with his talk and hopes for a recession.
These radicals do not care about what will happen to Americans, many just getting by, down and out. All they want is power and they don't care who gets hurt. That's how desperate and dangerous the Left has become in the age of Trump. They truly believe when SHTF, be it economic collapse or civil uprising (incl civil war) they will be standing when the dust settles to rebuild it all their way.
the biggest threat to America is NOT the GOP, Donald Trump, NRA, ISIS, al Qaeda, drug cartels, killers, or climate change. The Left/ democrats are the biggest threat to America.
The May unemployment numbers are out and like all the previous reports the media is not being honest with Americans as they praise these bs numbers.
First and foremost this is NOT a bash on Pres Trump. His economic policies are in the right direction unlike the previous administration's, who did everything possible to hurt the economy in the name of social justice. Trump even pointed out last August the UE numbers are not accurate...
This site is about telling the truth regardless of who is in the White House, that said...
SHAME ON EACH AND EVERY economist, financial expert, political pundit/ activist ranting and raving over "3.8%", when 18-20+ mos ago you ALL were ripping the last admin over the number of Americans out of work. The same millions unemployed during the obama admin remain unemployed now.
The real UE rate when calculated the old correct way is 21.5% NOT 3.8%. Those following this site on this issue know ShadowStats is cited as the source for this info. They are not cooking up the numbers, ShadowStats is simply taking the same BLS numbers reported today and calculating the UE rate the way it use to be done factoring EVERYONE into the rate.
Yes, 100M Americans remain out of work, when you factor in those on and off the books as well as Americans who have jumped on disability because their UE benefits ran out. As a matter of fact, those out of the labor force increased (170K Americans) between April and May, from 95.745 to 95.915.
- ABC Co has been in business for 5 years and has 100 employees
- XYZ Co has been in business for the same time and has the same number of employees, BUT is hiring another employee, for total of 101.
- Employee 1 at ABC Co is applying and will be hired by XYZ to fill that new job opening. XYZ's "new employee" will be counted in the unemployment/ jobs number report as a "new job created".
- ABC Co will have a few options with the loss of their employee:
· They will either hire someone (ALREADY employed) from another company but will not be considered a new job creation.
· Hire someone on the books unemployed
· NOT hire anyone to fill that empty role, instead promote from within or spread the absent workers duties out to other workers.
What the jobs report number is not including are those people no longer counted in the jobs report, who are not being hired. Yes, some people on unemployment are being hired to lower the rate, but the masses who have been unemployed for years remain jobless, and honestly written off by EVERYONE.
The report is bunk, most of the people getting jobs are those ALREADY employed, switching jobs or companies. Read it again and let it sink in, because many of you know people who are out of work, yet you're hearing all this wonderful economic news, even though job losses continue.
The millions unemployed during the obama years didn't all of sudden find jobs or disappear since Jan 20th 2017. WE (yours truly is extreme long term unemployed) are still here looking for work, but NO ONE will hire us because we have been unemployed too long. That's it, that's our sin for being unable to find work. WE WANT JOBS but recruiters, headhunters, hiring managers and the like who pass us over because we're unemployed too long continue to add to that unemployment gap. Making matters worse the next bunch of recruiters, headhunters, hiring managers will use the same excuse not to hire us resulting in a NASTY circle.
So yes, I say SHAME ON EACH AND EVERY economist, financial expert, political pundit and activist who ranted and raved over the millions unemployed during the obama years, but have now gone silent since a changing of the guard in the Oval Office.
This economy is still weak, we're still taking on massive debt, a lot of the red flags from years past are showing up again. The US economy is on life support, it will crash. You've been warned.
Do not take my word on any of this. I come to these conclusions because I do my homework listening to people who are ringing the warning bell. I suggest you start following:
While the media and many pundits do a victory dance over the newly released jobs report, claiming unemployment is at 4.3%, the fact of the matter remains millions of Americans are unemployed. Don't take my word for it, President Trump made that fact clear!
I want to get this fact out in the open first so there is no mistake or people take this post as a slam on Pres Trump. Yes, in the past similar unemployment pieces posted on this site were slams on obama, but that is because his policies and Congress' inaction contributed to the lack of job growth, actually they caused job loss!
This time around the blame is going directly on the do nothing, useless, inept, incompetent, impotent Congress. Let's be honest the President for the most, be it Trump or obama, really can't do much to stimulate economic growth. They depend on Congress to create legislation for them to sign into law. Obama's economic policies hurt industry, Trump is taking action to grown industry. Now for those of you in doubt about Congress being useless, here's a simple test: did they pass the obamacare repeal they promised? No. These people are not taking the legislative action necessary to spark the economy, create jobs and reverse the massive economic bubble that will burst.
Per the Bureau of Labor Statistics:
6.981 million Americans are on the books unemployed for July, UP 4000 since June
94.657 million Americans are out of the labor force... when you factor in those on disability (gaming the system because their US benefits have run out) and people completely written off (like yours truly) who aren't factored in, there are far more than 100M Americans out of work.
The actual unemployment rate is 22%, and has been that way for far too long. It is just 3% away from being where UE was during the Great Depression!
Sorry to be party pooper but nothing has really changed in the last 8 mos. It's impossible to go from "the economy is going to collapse" prior to Jan 20, 2017 to "the economy is rocking" Aug 4! All the economic turmoil we've been facing remains. The national debt continues to climb $19.9T, spending is out of control, student debt is $1.5T, people have no savings, we are still in that eye of the storm of the stealth depression we've been in since the experts claimed we're in a "recovery".
Again this is not bashing Trump, it's bashing everyone in DC who is ignoring a major problem coming that will dwarf 2008. "The Stock Market is making new highs"... uh huh, why? Who is buying the stock? Institutions for the most part(they're playing the numbers), investors who can afford to lose some money, companies buying their own stock back. Again most Americans have nothing in the bank, their barely making it, so they aren't the ones buying Amazon @ $987/sh and Apple @ $156/sh. "Well people are buying new cars", yea you know why? Banks and auto lenders are doing subprime loans on cars and trucks that are going into default! Same problem we saw with subprime home loans is about to happen in the auto industry!
Do not take my word on any of this. I come to these conclusions because I do my homework listening to people who are ringing the warning bell. I suggest you start following:
Wow the jobs rate drops to 4.6%, the lowest it's been since 2007! A whopping 178,000 jobs were created in a country of 330million. That obama and his economic policies are working our great aren't they!?
Surely you don't believe what you're hearing about the state of the US economy? Curious America, is the FAKE NEWS media telling you why the rate dropped? Did they tell you another 446,000 Americans have given up looking for work? Those no longer included in the labor work force rose to 95,055,000.
For the hard-headed out there saying the economy is great and my numbers are wrong, no you are wrong. STR doesn't make these figures up, they come directly from the U.S. Bureau of Labor Statistics
95,055,000 Americans are NOT in the labor force
+7,400,000 Americans are unemployed (on the books)
= 102,455,000 Americans are out of work
As always this number is much higher if you factor in those who worked the system who are now receiving disability insurance which is at record levels.
The real unemployment rate remains at 23% just below where it was at the height of the Great Depression(25%).
I've been posting about the job numbers and state of the economy ad nauseum for years now. Things are not sunshine and rainbows, the state of the US economy is dismal. You cannot have job and economic growth in country whose economy has shifted to being service based vs manufacturing. We don't make anything here and until that happens the number of jobs available will continue to dwindle. With the onset of technology, robotics etc it will become even harder for people to find work. The people protesting #Fightfor15, aka $15'ers, cannot understand any of this. They don't realize their actions are only accelerating automation within the service industry as I warned last year!
Do not expect to see drastic changes under the incoming Trump administration either. Proposing to spend $1 Trillion on infrastructure from the start to already out of control spending is not going to help matters. We have a massive economic bubble powered by residential and commercial estate...
... along with student loan debt topping $1.3Trillion on their way to bursting. As Harry Dent warned when the economic bubble bursts, it will be the final bubble to burst.
IF Pres-Elect Trump can bring manufacturing back to the US it could slow down the inevitable. But not if the level of debt which is much greater than the $20 trillion being thrown around isn't addressed. Offering financial favors and tax incentives to companies is not going to solve our problems, you're just moving money around from one pocket to the other. We need a new pocket full of money to tap into, a massive economic boom has to happen, otherwise Trump's plans are just pumping more useless drugs into a terminally ill patient.
Spend your money wisely folks. It's better to tie it up in assets than sit in a bank that may go under in which you could be on the hook to bail-in! Yea! You might want to find out if your bank is one who changed its terms
U.S. Job Seekers Giving Up, Leaving the Workforce by Suzanne O'Halloran | Fox Business
A job-seeker completes an application at a career job fair in Philadelphia, Pennsylvania, U.S. July 25, 2013. REUTERS/Mark Makela/File Photo
Reuters (Philadelphia Job Fair )
More Americans are kissing the workforce goodbye – not because they’re financially secure but because they can’t find a job. A record 95 million people are sitting on the sidelines opting not to work. As a result, the labor participation rate is stuck at 62.7%, a 40-year low.
“There are a certain percentage of people staying home,” said Dan North, economist at Euler Hermes, during an interview with FOXBusiness.com. “If benefits are great in some states, people will just stay home,” he noted. Those benefits may include welfare, food stamps and Medicare.
“It’s not that people are lazy, they are just not stupid,” Michael Tanner, senior fellow at the Cato Institute, which advocates limited government, tells FOXBusiness.com. Tanner, who studies poverty issues, also notes the federal welfare system is very complex and has around 70 programs, making it more complicated to fix...more
Another jobs report is out demonstrating time and again there is no recovery, no job or economic growth. None of the lies that comes out of this administration about the state of the US economy is good. Only the US govt could say the unemployment rate dropped to 4.9% from 5%, while reporting 425K people have left the labor force in the "same breath"!
Per the Bureau of Labor Statistics, this is the govts numbers. The same govt you know who cooks the books as it is to make things look good...
94,609,000 Americans aren't in labor force
+7,787,000 Americans are unemployed
=102,396,000 Americans out of work
To put those numbers into perspective...
94,609,000 NOT IN LABOR FORCE...
Population of:
Australia: 23 M
UK: 64 M
Switzerland: 8 M
Total: 95 M#JobsReport
... that's a lot of people looking for work! If you think this analysis is bs then answer this simple question: How can the unemployment rate remain around 4.9-5% while more people are out of work?
This BLS report proves the feds are misleading the public about the current true unemployment rate which is and has been holding at 22-23% for years. (When calculated correctly).
The UE rate is just shy of being at Great Depression era levels (25%), yet obama and Hillary Clinton are campaigning today praising the report!
These economic reports in fact show a stagnant economy in the eye of the storm of a stealth depression. When the markets finally give those in power will not be able to hide the truth we all know let alone stop the economic collapse. Are you aware the stock market has been dropping for 9 consecutive days, the longest in 36 years?!
The powers that be keep news like this quiet and have been lying to us for years if not decades as they prop up our economy with printed money and tweaked economic numbers.
Spend your money wisely America, buy what you need, buy things of quality because all that paper money is going to be worthless when the final bubble bursts!
As America goes into the Labor Day weekend the govt released employment numbers showing no growth and pushing a deceptive claim the unemployment (UE) rate remains unchanged at 4.9%.
94,391,000 out of the workforce
+7,800,000 on the books unemployed (fed UE rate 4.9% is based on)
= 102,191,000 million Americans out of work
These are the federal govt's BLS numbers STR did not make them up. These numbers continue to prove without a shadow of doubt the US economy continues to flat-line. There is no economic recovery as pres obama claims. 151K jobs were created in August, when we need to see at the least 400K per month, is not an indicator of recovery. The majority of jobs being created are part-time no thanks to this admins anti-capitalist position via taxes, regs (ie EPA) and the damaging after-effects of obamacare.
The real unemployment rate of 23% continues to sit just under the Great Depression era level of 25%. Take a look at this graph as the number of people who left the workforce increased the govt UE rates decreased.
Those who are long term unemployed the jobs you had are not coming back. Companies have learned to operate with a smaller staff after the 2008 crash, assigning more responsibilities/ duties/ work to those who are fortunate enough to keep/ have a job. Businesses have wised up removing the middleman going direct to customer to cut costs and remain competitive in a down economy. There are less jobs available, people are making less, paying more because we are in a stealth depression.
This will never be admitted or acknowledged because, as explained numerous times here, to just say the economy is in a depression would cause financial markets to collapse.
It is the equivalent of telling a family a loved one on life support who is brain dead is showing signs of recovery giving them hope. If you tell them the truth their world will obviously fall apart. Same is true with this govt and the economy. They keep saying the economy is weak but we're in a recovery to give people hope when they should really be preparing for a fall when economic bubbles finally burst.
Student loan debt is in the trillions. Exactly how are students going to pay their debt back when the job they're being trained for in college doesn't exist?
The Fed has lent out entirely too much money at 0% interest rates devaluing the dollar for years! Because of that we've had a small boom in housing but remember people are buying homes who are just able to make the payment at 2-3%, what happens when rates go up to get all that printed money out of circulation?
The stock market is hitting new highs, but who is making all this money? It's not like how it was in 2000 (mind you that blew up). Some argue the new highs are a result of companies buying back their own stock to boost prices. Many companies also have high valuations because they're sitting on a pile of money, they're not re-investing into new business and employees but for whatever is coming down the road.
The US is now $19.5 TRILLION in debt and that's just the tip of the iceberg. When you factor in unfunded liabilities, Social Security on its way to zero etc we're in a ton of economic trouble.
There is NO WAY to fix this problem, a reset is inevitable we just don't know when because the Fed and leaders keep doing stupid things like Quantitative Easing, aka printing money, to delay a major economic crash. They should have let the walls come down in 2008, instead they made matters worse.
Posting about this is like beating a dead horse at this point. Either you know this economy is in shambles and a day of reckoning is coming (as econ experts are warning) or you believe everything is sunshine and rainbows while the world burns around you.
For the doubters out there let's get the math out of the way.
These numbers are based on the govts Bureau of Labor Statistics, STR didn't make them up!
94,708,000 Americans out of the labor force
+7,400,000 Americans on the books listed as unemployed
= 102,108,000 Americans out of work!
Now keep in mind this number doesn't include those who are using their disability insurance (at record levels) after their unemployment benefits ran out!
If the economy, according to obama, is in a recovery...
... and we've been saved from another depression then why are over 100 million Americans still out of work? Why did only 38,000 people find a job in May? Why are Americans bringing home less money now than they did 8 years ago? Obama just this week bragged about job creation and how well the US is doing but let's be honest those jobs "created and saved" are part-time jobs being filled by Americans who already have a full-time job or 1-2 part-time jobs because there is no full-time work available.
Now for that employment rate of 4.7% the imperial obama regime will brag about, it's a joke since another 450,000 left the workforce and were not factored in(as always). The true unemployment rate continues to hold at 23%...
FYI the highest the UE rate was during the Great Depression was 24.9% in 1933.
So why are people bringing home less and no full-time jobs available? I'll tell you why as I have been saying repeatedly here for years:
There is no economic recovery. We were not saved from an economic depression because we are in fact in the eye of a storm of a stealth depression that will get worse.
What nation in history has ever pulled itself out of a depression when it produces nothing? All the great economic scholars would laugh to hear a debtor nation whose economy is based on service is proclaimed by its leader to be in full recovery with less than 1% GDP growth for the quarter.
Spend your money wisely America. There is absolutely nothing saying we couldn't end up like Venezuela!
Another bogus jobs report is out claiming the unemployment rate has risen to "5%". This number like all the others touted by this destructive deceptive administration is wrong. When calculated properly taking into account all who are out of work the UE rate is and has been holding at 23% (depression era level)
IMG
The Bureau of Labor Statistics reported:
93,482,000 Americans are not in labor force
8,000,000 Americans are officially on the books as unemployed
=101,482,000 Americans out of work. (this does not factor in those who are working the system going on disability (hit record levels), as their UE benefits have run out)
For you naysayers or those who will say "bullshit" STR did not make these numbers up they come from the same regime whom YOU cheer for claiming low unemployment. The US would have to be creating 400K new jobs each month for any dent to be made and show true economic growth. That is of course impossible for a nation that is no longer a manufacturing super power as the number of mfg jobs continues to decline with another 29,000 lost.
STR has been posting on this for quite sometime, it is like beating a dead horse. There is no economic recovery there never was. We are in the eye of the storm of a stealth depression where experts like Peter Schiff and Harry Dent are/ have been warning economic catastrophe is on the horizon which will dwarf the 1930's and the smack to the back of our heads in 2008.
Time and again I have cited how social entitlement programs have replaced the imagery of the Great Depression's unemployment and food lines. People remain just as down and out today as they were then. Yes, many are doing well today, just as many weathered the storm in the 1930's. Some people lost everything others got a nice wake up call, but you need to understand all these programs the govt has set up are unsustainable. The US is broke, the fed has been printing money to pay the bills making the US dollar worthless. It's just a matter of time until this all comes apart.
A nation built on service and retail establishments cannot survive in the the long term. We must become a manufacturing giant that we once were. The only way that happens is to get govt out of the way allow the free-market to operate as it once did. Get rid of the taxes, regulations, EPA standards that will allow companies to set up camp in the US vs outsourcing overseas to nations that use slave labor. No hitting product made overseas with tariffs will not solve the problem it will actually accelerate it and make the nightmare financial experts are warning about to happen sooner.
We have to innovate and unleash entrepreneurs to turn this country's economy around for any chance to survive economic disaster on the horizon. We're going to crash, the question is how hard will we hit!?
We've been hearing the warnings from many financial experts and radio personalities like Beck that an economic collapse is on our horizon. When? No one knows but the out of control spending, printing of money, unsustainable entitlement programs etc bubble will eventually burst.
I'm no financial expert, this is just my opinion...
If you are invested in stocks and can get out of the market do it on days when it goes up,(at profit, to break even or take a small loss), do not panic sell on days like today where you take massive losses. What you have to keep in mind is that on top of the bad news and volatility there are people manipulating the stock market. Many investors lost money today but just as many made a lot of money too! The system is rigged in their favor which is just another reason Beck and others have said a restart has to come as things just cannot go on as they are. If you're going to play the market get in and out quickly and make sure you have trading stops in place, hedge your positions, to protect against a large drop.
You're better off investing in yourself and things you will need with the coming economic collapse. You can't eat worthless cash or frankly gold! If you have the gold bug consider buying silver instead, it's cheaper and will appreciate at greater percentage than gold. Put your money in things of quality that have value, learn a trade or skill. Food, water, meds, fuel, AMMO and other items that can be traded will have more value than a piece of gold!
No one knows when economic collapse/ restart will be but consider the last two trading sessions a warning shot across the bow. It should also be clear we are in no economic recovery, where a few experts will argue we are still in a recession. Those who frequent this site know I have been calling this a stealth depression. Only one economist has had the guts to come out publicly and say we're in a depression, when others start pushing that prepare for all hell to break loose.
Correct me if I'm wrong but none of the 100 GOP presidential candidates are talking about what they are going to do about the debt. Plenty of ideas on other issues but really no mention on the fact this govt is burning through $3 billion... THREE BILLION DOLLARS a day!
The out of control spending must be stopped but how when you have leaders, republicans and democrats, using the money to pander voters?! The entitlement spending is completely unsustainable we are out of money the nation is broke. Gold... the gold is most likely gone. How do we know this? Germany asked for just 5% of their gold returned where the Federal Reserve said it would take 7 years to perform said transfer! Texas under Gov Perry requested their gold reserves but that story died out quick. So what happened to the gold? There is strong belief that the banks monetized gold the same way they did with mortgages (rehypothecation).
There really is no remedy to cure the trillions of debt DC has put on the backs of ALL Americans. If every single bank account and piggy-bank around the world was raided today there still wouldn't be enough money to pay off America's debt let alone the debts of other nations.
America you do know our economy is like a patient in critical condition right? One bad move, the wrong dosage and it will flat-line. The economy has had countless adrenaline injections and shocks this patient is about to die. When that happens taxes and interest rates will take off, the flow of money will be cut off from all the free stuff while prices will skyrocket on whats left on store shelves.
Prepare for all hell to break loose when the entitlement class doesn't get their welfare checks!
The Great One said clear as day there is no way out of this mess. Levin prefaces this warning that we need to get control over spending, borrowing, entitlements which you know there is no will to do in DC. Why? Because the big govt junkies and statists who are spending and borrowing like "drunken Marxists" do not care about those who will be left holding the bag. You see these elites are building their wealth at an accelerated rate, loading their coffers so when SHTF they will be okay while the rest of us have to fight for the last loaf of bread!
Don't take my or Levin's word on this, do your homework and you will see many in DC wealth has skyrocketed along with the grip on power. The elites are buying a lot of property and hard assets instead of holding onto cash. They know it's all going to come apart and the system will collapse. I just posted a video of economist and author of "The Death of Money" James Rickards more or less said the same thing. Rickard's says many within the financial sector know the global economy is going to come apart at the seams. Watch what they do, where they put their money and who they are buddying up with. Hey Soros is a bad guy but if you have the means to do what he does with your money you have a heck of a good chance for success!
You have to be wise with your money right now. Buy what you need, save a little longer and buy the better quality item vs the one that is a little cheaper. If you can invest in precious metals, stones and other hard assets, but honestly you're better off investing in brass! You can't eat gold but a cartridge of brass may put some food in your belly!! Prepping isn't just for the hicks in the hills, smart people prepare. Having food stores is not crazy, it's smart because anything can happen. Storms, power outages, massive terror attacks or banks closing could happen tomorrow.
A piece of you wants to see loons like Rep Hank Johnson run out of Congress but another wants to see politicians like him kept around for the pure entertainment. Johnson is the model dem actually, with no facts to ever back up anything he says. This is a problem all progressives seem to suffer from where they just run their mouths saying some of the most outlandish things possible because no one will ever hold them accountable. From Guam sinking, imagining a world without balloons, to it being open season on blacks and now the GOP budget could lead to violence Johnson never disappoints with his idiotic radical rhetoric.
BUT let's take Hank at his word for the moment, why would there be violence? Is it because the republicans will reign in the out of control spending the democrats and obama created? Will their budget pull the plug on programs and all the free stuff (aka taxpayer funded) dems have been handing out to their drones in exchange for votes to stay in power? There isn't going to be any violence like in Baltimore if a budget gets through but Johnson's claim has some validity since the dems have made millions of Americans so dependent on govt handouts!
For 6 years the dems and obama have made our economic situation worse. The number of Americans out of work and on some form of govt assistance has hit record levels. Dems have in fact created the environment for there to be violence if the flow of free stuff is cut off. There are so many living in poverty depending on the "free" stuff and money from govt it is not unimaginable for some violence to break out if the money was cut off!
So while you want to blast and mock Johnson for his crazy rhetoric he might be right once! The damage is done, we've passed all the exits to avoid chaos. We are going to have to go through that dark tunnel.
Everything that comes out of the campaigner in chiefs mouth is a lie. Unemployment is still sky high, Gallup's CEO came out blasting the job reports that the unemployment rate isn't 5.6% instead closer to 11%... but if you calculate the figure the old correct way it has been holding around 23%!
The deficit is out of control, heck he just presented a $3.99 TRILLION SPENDING budget! He may have cut the deficit under his watch but the deficit under his watch was higher to begin with. Here is the logic in simplest form to understand:
"Hey I spent $100 of money I didn't have last year but good news this year I only spent $50 of money I don't have!!"
Got it? That is exactly what he is doing when he brags about cutting the deficit. The guy never ran a lemonade stand, held a real job, ran a business with payroll to meet yet wants people to believe he is smarter than some of the best CEO's in the country!
The drop in oil is geopolitical to hammer the Russians among many other factors he left out he that had nothing to do with, which btw will not last (as he slipped in an escape hatch when they do go back up).
This speech in general is going to be a speech like many he has given the dem-progressives will regret for the false sense of economic prosperity & recovery they have pushed on the US. We're on our way to knowing what it felt like in the Weimar Republic but on a global scale, as the world is at a higher level of debt now than in 2007/08 before the crash! The US and many other nations have in fact been living in stealth depression, it is only a matter of time until everything blows up in our faces.
Go ask friends, family and co-workers if they have more money in their pocket and feel secure financially. Go ask people long term unemployed, completely written off by this admin AND Congress, if they agree with these packs of lies! It's not sunshine and rainbows folks, it's all just an illusion the power elite have created while they fill their coffers before SHTF.
The regime and SNC will never learn their lesson to keep Crazy Joe away from microphones and cameras. Biden oddly tells the truth for once admitting that the middle class is hurting not doing better as his boss lies about daily. There are fewer job opportunities and Americans are making less while costs of living has skyrocketed. And whose policies do we have to thank for all of this? Well Biden's and king obama's destructive progress anti-business/capitalism/American policies.
I wrote about The Division in June 2013 pointing out how eerie the premise of this game sounded like our current times (then). I warned all it would take to set things off for a collapse in our world would be a pandemic (as in the game) and here we are today with the threat of Ebola and potentially Dark Winter at our doorstep!
The WHO warns we could have approx 10,000 new cases of Ebola a week! We have govt agencies being reactive instead of pro-active to slow it down. Many including the CDC Director argue against travel bans from West Africa because it might make things worse!?
The DOW Jones had dropped -450 points as I wrote this; the economy outside of the stock markets volatility remains exceptionally weak regardless what the deceivers in Washington DC claim.
We are a few weeks out from the midterms elections that practically has everyone at each others throats. The nation has been divided over immigration, racial tensions (ex Ferguson MO), countless scandals, rise of ISIS etc etc with society on the verge of collapse…
The perfect storm is now upon us! Will we go over edge? Or will people use some common sense and pull things back before it’s too late? If this is a bump in the road consider it one of the last warnings we will have before SHTF. How much time we have after is anyones guess, but we can only dodge so many bullets.
When you’re watching this trailer keep in mind the game (due for release in 2015) was developed based on actual govt wargaming: Operation Dark Winter . Is the war-game about a war-game about to come true?
Read my original post June 11, 2013 citing PDD51 and Mutual Assured Economic Destruction (video of gameplay at the link for the gamers out there too!)
"...President Obama’s rewarding of lawlessness, including his own, is the foundational problem here. It’s not going to get better, and in fact irreparable harm can be done in this lame-duck term as he continues to make up his own laws as he goes along, and, mark my words, will next meddle in the U.S. Court System with appointments that will forever change the basic interpretation of our Constitution’s role in protecting our rights.
It’s time to impeach; and on behalf of American workers and legal immigrants of all backgrounds, we should vehemently oppose any politician on the left or right who would hesitate in voting for articles of impeachment.
The many impeachable offenses of Barack Obama can no longer be ignored. If after all this he’s not impeachable, then no one is."
Bless her but it will never happen, obama will NEVER be impeached... Why? Simplest answer Joe Biden. No one on the Hill wants Joe Biden running the nation, you think obama is bad Biden will take a blowtorch to what is left of this nation accelerating all of the imperial emperors plans & policies. Second simple answer is Harry Reid. As long as Reid runs the Senate impeachment will never be tried, even if by some act of God the House were to impeach obama but don't hold your breath.
Myself, countless people BEGGED people to vote for Mitt Romney in 2012 knowing well he wasnt the best choice but he would not have put us in the situation we are in now. He knew of the threat of the coming caliphate warned of it years ago before it was on ANYONES radar. Romney understands economics and business, he actually ran a business unlike obama who never had a real job! Voting for Romney would have bought us TIME, 4yrs to find someone better or frankly give rise to a new party as the GOP is DEAD.
That is the other problem with impeaching obama, the GOP is completely useless and irrelevant. They have no spine to do what is necessary. We have NO ONE left in govt that stands for the people. The so-called defenders of the Republic are too busy building their little kingdoms. To that the same people who begged people to vote for Romney BEGGED people to vote out all the establishment GOP and what did you do America? You put guys who are just as guilty for the mess we are in like McConnell, Graham and McCain back into office.
This crisis, this destruction of our nation IS YOUR FAULT America! You choose to play it safe, or be stubborn voting for the same people over and aver again, and not get involved; well now you made your bed now lay it. I hope you are all taking notes and writing things down because these are the times future generations will look back and say "that is when America ended".
Our 3 branches of govt have failed: The courts (Judicial Branch) is completely corrupt turned into political activists, Congress (Legislative Branch) is dead, the presidency (Executive Branch) has now been transformed into a dictatorship; the unofficial Fourth Branch, "Fourth Estate", aka the media charged with keeping an open honest eye on all three branches of government are beyond corrupt and rotten to the core, now a propaganda arm of the imperial dictatorship.
Our electoral system is shot, what options do we the people have left? The Declaration dictates it is our right and duty to get rid of all of them. Well an Article V Amendment Convention could work but it will take decade or two to get one done but we don't have that kind of time. Even if plans are started for one today as soon as the threat of one is real Congress will act to nullify it.
Our last hope is the US military... what are you waiting for? More cuts, vet benefits & funding to be slashed? You are used and abused, you sit idly by while the nation you swore an oath to defend crumbles before your eyes. If terrorists or some enemy of the US was doing to this nation what our very elected leaders are doing you would not hesitate to stop them. But since it is our own on US soil you discriminate as to who is and isn't a domestic enemy! Our elected leaders are doing to this nation what our enemies and terrorists could only dream about! FYI ladies and gentlemen of the US military you did not swear an oath to man or govt but God and Country, I should not have to remind you of that. Shame on each and every one of you!
The republic burns to the ground while "Nero" plays golf....
Enough is enough of the years of abuse from this president. His unsecured border crisis is the last straw that makes the battered wife say, “no mas.”
Without borders, there is no nation. Obama knows this. Opening our borders to a flood of illegal immigrants is deliberate. This is his fundamental transformation of America. It’s the only promise he has kept. Discrediting the price paid for America’s exceptionalism over our history, he’s given false hope and taxpayer’s change to millions of foreign nationals who want to sneak into our country illegally. Because of Obama’s purposeful dereliction of duty an untold number of illegal immigrants will kick off their shoes and come on in, competing against Americans for our jobs and limited public services. There is no end in sight as our president prioritizes parties over doing the job he was hired by voters to do. Securing our borders is obviously fundamental here; it goes without saying that it is his job...more
The new employment numbers are out and of course it is nothing but a pack of lies to win over the uninformed class. The media will continue to push propaganda like false employment rates to put this admin and Congress in a good light as we get closer to the midterm elections. The uninformed class will see unemployment is dropping, things must be better so they should just keep the monsters who are causing the economic problems we have in power for another term!
The article by CBS indicates “Not only is job growth continuing, but it is accelerating”, this is PURE DECEPTION! Those getting jobs that are being factored in for "job growth" & "xxx,xxx jobs added" are people who ALREADY have a job getting hired somewhere else. Think about it for a minute if the economy is getting better and real jobs are being created then why did the number of those out of the labor force increase?! Ask yourself why the unemployment rate is at "6.3%" if 800K MORE people left the labor workforce!? Shouldn't the 92M out of the labor force be dropping not rising if we are in a recovery and real jobs are being created!?
The real unemployment rate continues to hold around 23%
Those seeing the headline may be questioning how one comes to 100 million Americans out of work? Well the number is wrong.... it's higher!
92,594,000 as reported today are out of the labor work force
+9,753,000 unemployed per the BLS
= 102,347,000
BUT it doesn't end there, a number of Americans are no longer qualified for unemployment benefits and have tapped into disability insurance which is holding at 10,978,040 (as of the end of 2013). The number of Americans on disability has spiked since 2008, what the exact figure is unknown but it's safe to assume not all are truly disabled.
Another figure not factored in is the number of youth unemployed(16yrs+). In some states it is at depression era levels; makes sense since we are in a stealth depression this is one segment we are told the truth on. Why are teens unable to get jobs (predominantly part-time)? Because adults who can't find work are taking the jobs teens would normally fill to compensate for their job loss, some working 2-3 part-time jobs.
If we had the actual numbers of youth UE and people on disability, to make up for lost UE benefits, we are well over 105 million possibly close to 110 million people out of work! Yes a third of Americans... the numbers don't lie!
You are being lied to America by the very system & people responsible for the economy being so bad. I am long-term unemployed, for the record I have NEVER taken a penny from the govt. there are no new jobs from a growing economy out there. The jobs lost over the last couple years are not coming back either! Companies have learned how to operate with smaller staff, couple that with obamacare you will see reductions in workforce to minimize the impact of obamas legacy.
There are no jobs in the US because we have gone from being a producer nation to a servicer nation. We make nothing here no thanks to the anti-business policies coming out of DC by BOTH sides. Taxes, regs, EPA, unions etc have run companies out of the states overseas. I do not fault companies going overseas for lower production and labor costs; they are in business to make money not break even or go broke! Want the jobs brought back to the US KICK ALL INCUMBENTS OUT! DC has to change, the tax code needs to be scrapped, the EPA must be gutted and revamped, unions time has come and gone. Report: More Than 92 Million Americans Remain Out Of Labor Force WASHINGTON (CBSDC/AP) — Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force.
The unemployment rate dropped to 6.3 percent in April from 6.7 percent in March, the lowest it has been since September 2008 when it was 6.1 percent. The sharp drop, though, occurred because the number of people working or seeking work fell. The Bureau of Labor Statistics does not count people not looking for a job as unemployed.
The bureau noted that the civilian labor force dropped by 806,000 last month, following an increase of 503,000 in March.
The amount (not seasonally adjusted) of Americans not in the labor force in April rose to 92,594,000, almost 1 million more than the previous month. In March, 91,630,000 Americans were not in the labor force, which includes an aging population that is continuing to head into retirement...
...“The number of long-term unemployed (those jobless for 27 weeks or more) declined by 287,000 in April to 3.5 million; these individuals accounted for 35.3 percent of the unemployed. Over the past 12 months, the number of long-term unemployed has decreased by 908,000,” the press release stated.
Employers have now added an average of 238,000 jobs the past three months, up from 167,000 in the previous three.
“Not only is job growth continuing, but it is accelerating,” said Patrick O’Keefe, director of economic research at the accounting and consulting firm CohnReznick....more
