100 Million Americans Out of Work: Unemployment Rate Remains Unchanged NOT AT 4.9% BUT 23%!

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.

Prepare for the worst hope for the best.

Economist & Author of "The Death of Money" Confirms 'We Are in a Depression'

Economist & Author of "The Death of Money" Confirms 'We Are in a Depression'

Finally an economist who tells the truth! James Rickards is no conspiracy nut or basement blogger, he is a portfolio manager at the West Shore Group, an advisor to the Department of Defense and US intelligence community on international economics and financial threats and he part of the first financial war game at the Pentagon. Rickards appeared on the Glenn Beck Radio Show May 3rd to break down the inevitable economic collapse we are headed for. As you know STR has been arguing for years the US is not in a recovery, never came out of it and has been in a stealth depression. While going over options to avoid economic catastrophe (that just won't happen because of the power elite) Rickards flat out confirmed everything I have been saying and that 'we are in a depression'.

So what?

Well this is just another confirmation of my theories on the state of our economy and the lies being shoveled to the American people on a daily basis.

Many economists have warned when SHTF it will not be anything like the 1930's... it will be much worse! Look at the panic when major storms hit (snow, tornadoes, hurricanes), where store shelves are emptied. If we go to the extreme remember back during Katrina where people had signs asking for help because they were so unprepared. Natural events be it storms, tsunamis or earthquakes have given us plenty of red flags that food, water, fuel, medical aid etc will not be available. In general people should have some preps because anything can happen.

This confirmation should be an alert to Americans to hope for the best but more importantly plan for the worst. Does that mean you clean out your bank account build a bunker, loading it up with survival food and gear? No, but it doesn't mean not to make preparations. In other words be more careful on what you buy and make sure it's what you need and things of quality. Buy an extra can of soup or bottle of water when they are on sale. If you can afford to buy food storage for 3 or 6+ mos then make it happen. Yes, buy a gun (if you don't own one already) get proper instruction and extra ammo because when SHTF the cops will not be there when you need them. Progs don't like this kind of advice but they are the same ones who live in their ivory towers surrounded by a large walls/ fences and have armed security!

Consider James Rickards "testimony" and this post one more warning to the countless ones you have heard that trouble is coming. When? No one knows but isn't it better to be prepared than not?

Obama Claims He Yanked the US Economy Out of Worst Recession Since Great Depression

This is just one laughable clip from his majesty's interview with Chris "Tingles" Matthews talking about Trans-Pacific Partnership. Once again he like many likes to make the comparison of being in the worst recession since the Great Depression yet fact remains the numbers today are worse than they were then.

Did people in the 1930’s have:
– 2 mortgages with payments at or over 50% of their Debt-to-Income ratio?
– have credit card debt or personal debt $10-15,000++?
– 1 or 2 car loans of at least $15-20,000++?
– have more than one source of income per household to just get by?
– be on the hook for the National Debt of $18+ TRILLION with unfunded liabilities at $128 TRILLION?
....this is literally just the tip of the iceberg! Don't forget over 100 million Americans remain out of work to this day, but he claims everything is sunshine and rainbows!

The US economy is and remains in shambles because of those things obama touts as successes.

The middle class is not getting a fair deal as he suggests. People are making less now than they were years ago and it isn't corp Americas fault. It's no secret companies are sitting on the money they're making and and are justified in doing it. Why? All of obama's policies from obamacare to his weak foreign policy have run companies out of the US or business entirely leaving the majority with their doors open (who do report record profits etc) scared to do any domestic investment for fear of new regs, taxes and healthcare costs.

Folks we're in the eye of the economic storm obama and his progressive pals have helped to turn into a catastrophic storm. There is no recovery.

Minister of Propaganda: Because of Obama's Policies, 'We Staved Off the Second Great Depression'

There is only one honest reply to the Minister of Propaganda... LIAR!

What kind of sick individuals praise writing off 100 million Americans out of work as a success? Yes, unemployment is down only because so many have given up looking for work, many no longer qualifying for benefits are not being counted.

What about the record 46,000,000 Americans receiving food stamps for 38 straight months? Or how about the 48,000,000 living in poverty? Is this something to brag about, that people do not have enough money for food and are living in poverty!? Does any of this sound prosperous to you?

The economy is not booming, there was no recovery and we have NOT staved off the second Great Depression. The US is in fact in a stealth depression and has been for years. Countless times I have said that the economic numbers of today dwarf those of the 1930's that the food lines, job lines etc all images of the first Great Depression have been replaced with unsustainable social entitlement programs. The country is broke, this is a fact or are you not aware of the $18,093,530,000,000 national debt? Do you know that $7,500,000,000,000 of this number has been racked up under obama? The banks, big auto have all been propped up by govt bailouts. The Fed has pumped billions of printed/ digitized money into the economy which has in fact devalued the dollar while charging 0% interest on (printed) money loaned out. What you have here folks is a rubberband being stretched out beyond its tolerance and it will snap back. It's not a question of if but when, and when that happens all hell will break loose...

Earnest, obama, all the bobbleheads in DC for the State of the Union speech have all played a willful role in the destruction of this country. Instead of trying to slow things down and prepare they spend more under the guise of investment by taxing Americans to no end. The longer these idiots lie and delay the inevitable economic collapse the worse it will be for everyone.

China Now Biggest Economy

Hows all that hopey changey working out for you America? Our economy is slipping, we remain in this recession err rather stealth depression because of the anti-business/ capitalist attitude coming from the obama imperial regime. While the regime is hammering US businesses with the highest corp taxes in the world, piles regs on year after year, forcing obamacare on the nation raising healthcare costs etc state capitalism aka communism is now No 1!

We are being beat out by a nation that produces cheap quality products who uses slave labor to produce the junk we will fight each other over every Black Friday that will end up in a dumpster years from now! They hack our networks steal products making cheap knockoffs where no one will do anything to put a stop to it. If you think DC will ever take action don't hold your breath. Because they cannot get spending under control we have massive debt, debt (approx $2 trillion) this govt has sold to China!

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It’s official: America is now No. 2
by Brett Arends | MarketWatch
Hang on to your hats, America.

And throw away that big, fat styrofoam finger while you’re about it.

There’s no easy way to say this, so I’ll just say it: We’re no longer No. 1. Today, we’re No. 2. Yes, it’s official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.

It just happened — and almost nobody noticed.

The International Monetary Fund recently released the latest numbers for the world economy. And when you measure national economic output in “real” terms of goods and services, China will this year produce $17.6 trillion — compared with $17.4 trillion for the U.S.A.

As recently as 2000, we produced nearly three times as much as the Chinese.

To put the numbers slightly differently, China now accounts for 16.5% of the global economy when measured in real purchasing-power terms, compared with 16.3% for the U.S.

This latest economic earthquake follows the development last year when China surpassed the U.S. for the first time in terms of global trade...more

Schumer Admits Dems Focusing on Healthcare Was Mistake Instead of Fixing Economy

Now that the framework is built (obamacare) for bigger govt while Americas economic power disintegrates this destroyer decides to come clean admitting demoncrats were wrong! Obamacare is ruining the economy Schumer and everyone else in DC damn well knows is hanging on by a thread. They cared more about their power than what this monster law will do to the nation. They care more about power & control, their place in history than people's lives being ruined, some even dying because of this law passed with nothing but lies and deceit.

Coming clean isn't going to save your soul Senator, you and all the progressives will be held accountable for what you have done. You acted against the will of the people and stand by this fraud law to this day. If you were truly remorseful for focusing on barackobamacare vs saving our economy you would be joining republicans and conservatives to undo the damage you have done. Last time I checked you still stand by this destructive law and have demonized anyone who has called for its repeal!