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    US economic recession:

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    Hannibal Barca
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    Re: US economic recession:

    Post  Hannibal Barca on Sun Jun 01, 2014 9:10 pm

    "Only" 48 million receive food stamps actually. But the people relied on food stamps can very well be double this number due to ward members.

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    Re: US economic recession:

    Post  Hannibal Barca on Sun Jun 01, 2014 9:17 pm

    nemrod wrote:

    http://theeconomiccollapseblog.com/archives/the-size-of-the-derivatives-bubble-hanging-over-the-global-economy-hits-a-record-high


    Yes, from 2008 to 2012 shrunk to about 50% but now is back on again to 2008 levels. This is a time-bomb indeed.
    A repetition of a bubble similar to 2007 bubble (some one trillion altogether) is easy to come, and this time there will be the end of time literally.
    Actually I want to see this, the alive will open the graves to step inside and dead people will be all over the street left unburied.

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    Total Debt In America Hits Nearly 60 Trillion Dollars

    Post  nemrod on Wed Jun 18, 2014 4:17 pm



    http://theeconomiccollapseblog.com/archives/the-united-states-of-debt-total-debt-in-america-hits-a-new-record-high-of-nearly-60-trillion-dollars




    The United States Of Debt: Total Debt In America Hits A New Record High Of Nearly 60 Trillion Dollars


    What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt? Well, it is true. When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we are 59.4 trillion dollars in debt. That is an amount of money so large that it is difficult to describe it with words. For example, if you were alive when Jesus Christ was born and you had spent 80 million dollars every single day since then, you still would not have spent 59.4 trillion dollars by now. And most of this debt has been accumulated in recent decades. If you go back 40 years ago, total debt in America was sitting at about 2.2 trillion dollars. Somehow over the past four decades we have allowed the total amount of debt in the United States to get approximately 27 times larger. This is utter insanity, and anyone that thinks this is sustainable is completely deluded. We are living in the greatest debt bubble of all time, and there is no way that this is going to end well. Just check out the chart...


    When the last recession hit, total debt in America actually started going down for a short period of time.

    But then the Federal Reserve and our politicians in Washington worked feverishly to reinflate the bubble and they assured everyone that everything was going to be just fine. So Americans once again resorted to their free spending ways, and now total debt in the United States is rising at almost the same trajectory as before and has hit a new all-time record high.

    We see a similar thing when we look at a chart for consumer debt in America...


    For a while after the recession it was trendy to cut up your credit cards and get out of debt.

    But that fad wore off rather quickly, didn't it?

    It is almost as if 2008 never happened. We are making the same mistakes with debt that we did before.

    As I noted recently, total consumer credit in the U.S. has risen by 22 percent over the past three years alone, and at this point 56 percent of all Americans have a subprime credit rating.

    And have you noticed that a lot of people are not afraid to extend themselves in order to buy shiny new vehicles these days?

    During the first quarter 0f this year, the size of the average vehicle loan soared to a new all-time record high of $27,612.

    Five years ago, that number was just $24,174.

    And as I noted in one recent article, the size of the average monthly car payment in this country is now up to $474.

    That is practically a mortgage payment.

    Speaking of mortgage payments, even though home sales have been falling and the rate of homeownership in the United States is the lowest that it has been in 19 years, a very large percentage of those who own homes are still overextended.

    In fact, one recent survey discovered that a whopping 52 percent of Americans cannot even afford the house that they are living in right now.

    At the same time, an increasing number of Americans are acting as if the last financial crisis never happened and are treating their homes like piggy banks. Home equity loans are soaring again, and when the next great crisis strikes a lot of those people are going to end up getting into a lot of financial trouble.

    There has been much written about what is wrong with the housing industry, but the truth is that home prices are still way too high and young adults cannot afford to purchase homes because they are already loaded down by huge amounts of debt even before they get to the point where they are ready to buy.

    In fact, a newly released survey found that 47 percent of millennials are spending at least half of their paychecks on paying off debt...

    Four in 10 millennials say they are "overwhelmed" by their debt -- nearly double the number of baby boomers who feel that way, according to a Wells Fargo survey of more than 1,600 millennials between 22 and 33 years old, and 1,500 baby boomers between 49 and 59 years old.

    To try to get out from underneath it, 47% said they spend at least half of their monthly paychecks on paying off their debts.

    When I read that I was absolutely astounded.

    Of course the biggest debt that many young adults are facing is student loan debt. According to the Federal Reserve, there is now more than 1.2 trillion dollars of student loan debt in this country, and about 124 billion dollars of that total is more than 90 days delinquent.

    What we have done to our young people is shameful. We have encouraged them to sign up for a lifetime of debt slavery before they even understand what life is all about. The following is an excerpt from my previous article entitled "Is College A Waste Of Time And Money?"...

    In America today, approximately two-thirds of all college students graduate with student loan debt, and the average debt level has been steadily rising. In fact, one study found that "70 percent of the class of 2013 is graduating with college-related debt – averaging $35,200 – including federal, state and private loans, as well as debt owed to family and accumulated through credit cards."

    That would be bad enough if most of these students were getting decent jobs that enabled them to service that debt.

    But unfortunately, that is often not the case. It has been estimated that about half of all recent college graduates are working jobs that do not even require a college degree.

    Considering what you just read, is it a surprise that half of all college graduates in America are still financially dependent on their parents when they are two years out of college?

    According to the U.S. Census Bureau, only 36 percent of all Americans under the age of 35 own a home at this point. That is the lowest level that has ever been recorded.

    And we are passing on to our young people the largest single debt in all of human history. Weighing in at 17.5 trillion dollars, the U.S. national debt is a colossal behemoth. And almost all of that debt has been accumulated over the past 40 years. In fact, 40 years ago the U.S. national debt was less than half a trillion dollars.

    But this is just the beginning. As the Baby Boomer "demographic tsunami" washes through our economy, we are going to be facing a wave of red ink unlike anything we have ever contemplated before.

    Meanwhile, the rest of the planet is drowning in debt as well.

    As I wrote about the other day, the total amount of debt in the world has risen to a new all-time record high of $223,300,000,000,000.

    Our "leaders" keep acting as if these debt levels can keep growing much faster than the overall level of economic growth indefinitely.

    But anyone with even a shred of common sense knows that you can't spend more money that you bring in forever.

    At some point, a day of reckoning arrives.

    2008 should have been a major wake up call that resulted in massive changes. But instead, our leaders just patched up the old system and reinflated the old bubbles so that they are now even larger than they were before.

    They assure us that they know exactly what they are doing and that everything will be just fine.

    Unfortunately, they are dead wrong.



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    US economic recession:

    Post  nemrod on Fri Aug 15, 2014 2:01 pm

    http://www.marketoracle.co.uk/Article46861.html

    True U.S. Unemployment Rate is 23.2%


    The De-industrialization of America: “True U.S. Unemployment Rate is 23.2%”
    Economics / UnemploymentAug 12, 2014 - 12:44 PM GMT
    By: Paul_Craig_Roberts



    On January 6, 2004, Paul Craig Roberts and US Senator Charles Schumer published a jointly written article on the op-ed page of the New York Times titled “Second Thoughts on Free Trade.” The article pointed out that the US had entered a new economic era in which American workers face “direct global competition at almost every job level–from the machinist to the software engineer to the Wall Street analyst. Any worker whose job does not require daily face-to-face interaction is now in jeopardy of being replaced by a lower-paid equally skilled worker thousands of miles away. American jobs are being lost not to competition from foreign companies, but to multinational corporations that are cutting costs by shifting operations to low-wage countries.” Roberts and Schumer challenged the correctness of economists’ views that jobs off-shoring was merely the operation of mutually beneficial free trade, about which no concerns were warranted.



    The challenge to what was regarded as “free trade globalism” from the unusual combination of a Reagan Assistant Treasury Secretary and a liberal Democrat New York Senator caused a sensation. The liberal think-tank in Washington, the Brookings Institution, organized a Washington conference for Roberts and Schumer to explain, or perhaps it was to defend, their heretical position. The conference was televised live by C-Span, which rebroadcast the conference on a number of occasions.

    Roberts and Schumer dominated the conference, and when it dawned on the audience of Washington policymakers and economists that something might actually be wrong with the off-shoring policy, in response to a question about the consequences for the US of jobs off-shoring, Roberts said: “In 20 years the US will be a Third World country.”

    It looks like Roberts was optimistic that the US economy would last another 20 years. It has only been 10 years and the US already looks more and more like a Third World country. America’s great cities, such as Detroit, Cleveland, St. Louis have lost between one-fifth and one-quarter of their populations. Real median family income has been declining for years, an indication that the ladders of upward mobility that made America the “opportunity society” have been dismantled. Last April, the National Employment Law Project reported that real median household income fell 10% between 2007 and 2012.

    Republicans have a tendency to blame the victims. Before one asks, “what’s the problem? America is the richest country on earth; even the American poor have TV sets, and they can buy a used car for $2,000,” consider the recently released report from the Federal Reserve that two-thirds of American households are unable to raise $400 cash without selling possessions or borrowing from family and friends.

    Although you would never know it from the reports from the US financial press, the poor job prospects that Americans face now rival those of India 30 years ago. American university graduates are employed, if they are employed, not as software engineers and managers but as waitresses and bartenders. They do not make enough to have an independent existence and live at home with their parents. Half of those with student loans cannot service them. Eighteen percent are either in collection or behind in their payments. Another 34% have student loans in deferment or forbearance. Clearly, education was not the answer.

    Jobs off-shoring, by lowering labor costs and increasing corporate profits, has enriched corporate executives and large shareholders, but the loss of millions of well-paying jobs has made millions of Americans downwardly mobile. In addition, jobs off-shoring has destroyed the growth in consumer demand on which the US economy depends with the result that the economy cannot create enough jobs to keep up with the growth of the labor force.

    Between October 2008 and July 2014 the working age population grew by 13.4 million persons, but the US labor force grew by only 1.1 million. In other words, the unemployment rate among the increase in the working age population during the past six years is 91.8%.

    Since the year 2000, the lack of jobs has caused the labor force participation rate to fall, and since quantitative easing began in 2008, the decline in the labor force participation rate has accelerated.

    Clearly there is no economic recovery when participation in the labor force collapses.

    Right-wing ideologues will say that the labor force participation rate is down because abundant welfare makes it possible for people not to work. This is nonsensical. During this period food stamps have twice been reduced, unemployed benefits were cut back as were a variety of social services. Being on welfare in America today is an extreme hardship. Moreover, there are no jobs going begging.

    The graph shows the collapse in the labor force participation rate. The few small peaks above the 65% participation rate line show the few periods when the economy produced enough jobs to keep up with the working age population. The massive peaks below the line indicate the periods in which the dearth of jobs resulted in Americans giving up looking for non-existent jobs and thus ceased being counted in the labor force. The 6.2% US unemployment rate is misleading as it excludes discouraged workers who have given up and left the labor force because there are no jobs to be found.



    John Williams of Shadowstats.com calculates the true US unemployment rate to be 23.2%, a number consistent with the collapse of the US labor force participation rate.

    In the ten years since Roberts and Schumer sounded the alarm, the US has become a country in which the norm for new jobs has become lowly paid part-time employment in domestic non-tradable services. Two-thirds of the population is living on the edge unable to raise $400 cash. The savings of the population are being drawn down to support life. Corporations are borrowing money not to invest for the future but to buy back their own stocks, thus pushing up share prices, CEO bonuses, and corporate debt. The growth in the income and wealth of the one percent comes from looting, not from productive economic activity.

    This is the profile of a Third World country.

    Paul Craig Roberts


    Hannibal Barca
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    Re: US economic recession:

    Post  Hannibal Barca on Fri Aug 15, 2014 4:12 pm

    I bet you don't even want to hear what is Europe's true one!

    nemrod
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    Re: US economic recession:

    Post  nemrod on Fri Aug 15, 2014 11:33 pm

    Hannibal Barca wrote:I bet you don't even want to hear what is Europe's true one!

    In french expression we said "no one is duped". It is obvious that many countries has the same US figures if not worse, like Hungary, Lithania, Spain, Greece, Portugal, etc.. maybe the UK too. In France, every one knows very well there are official figures for politics and international markets. And the reality, it is evidently completly different. The real figures must be slightly -in less- different from US, nevertheless, the figures are awfull too.

    There are countries like Germany, Netherlands, Denmark, Sweden, Finland, Norway where unemployement figures are very low.

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    16 Intelligence Agencies Have Issued Alarm Report On US Dollar Reserve Status

    Post  nemrod on Sun Nov 16, 2014 12:27 pm


    http://kirillklip.blogspot.fr/2014/10/jim-rickards-16-intelligence-agencies.html

    In fact, the US inteligence agencies are confirming only what we knew since 2006. Indeed, since that that date, we've seen the beginning of US empire collapsed. It started with the israeli defeat against Hizbollah, the collapse of US economy in 2009, following by the humiliating withdrawal from Iraq, and now from Afghanistan. It continues by the faillure of Israeli army against Palestinian resistance in 2012, and 2014. Nowadays, China is for few years ago, the first world economy. If we add the fact regarding weaponnery, none US fighters -even the F-22, and chiefltly the F-22, no use to mention the F-35- nowadays is able to confront SU-35, and Mig-35. None US helicopters are able to match with the Ka-52 Alligator. The only strongest point for US is their aircrafts carriers-reflecting the view of western leaders and their so-called slogan of human rights, women rights meaning slauthering, stealing, looting, destroying defenseless and isolating and poor countries. The best example of these barbaric behaviour is Israel against palestinians, US against Iraqis civilians etc... -, where none countries in the world could match.
    This definitive collapse will be expected around may 2015 -notice that Igor Panarin was one the first who viewed this tendancy, even though he expected US collapse around 2010-2011, he failed to view how the saudi tribe was beside US empire, and how the the saudi tribe helped US policiy to destroy many arab countries-.




    Jim Rickards: 16 Intelligence Agencies Have Issued Alarm Report On US Dollar Reserve Status.

    It is good time to contemplate on the gold fundamentals while the sentiment in the Gold market is hitting another low and US Dollar seems to be rising with stock markets straight into the sky now. We have now Jim Rickards himself to dissect all ongoing "Currency Wars" which lead us into "The Death Of Money".
    Developments in Switzerland and China are coming now right from the pages of Jim Rickards's books. And if you think that Currency and Trade wars in late 1920s are different from what is happening now in Europe with Russia and Ukraine, this video is for you.


    Swiss Gold Referendum: People of Switzerland Demand Global Gold Recall Despite Central Bankers.

    "Mass media is very slow to pick up on this groundbreaking development in Switzerland. Scotland referendum, Catalonia quest for independence will be just orchestrated "democratic noise" compare to this real democracy in action and its implications for the worldwide financial system. China or Switzerland - who will be first to create the gold backed currency now? Read more."



    Gold And Madness Of Crowds - ZeroHedge: Summarizing The "Long Dollar Trade" In One Chart.

    And who is buying Gold now:
    http://kirillklip.blogspot.fr/2014/10/jim-rickards-16-intelligence-agencies.html




    In Gold We Trust @KoosJansen.

    http://kirillklip.blogspot.fr/2014/10/jim-rickards-16-intelligence-agencies.html



    The Swiss Gold Initiative: Stop Selling Gold, Store All Gold In Switzerland And Back Swiss Franc With 20% Gold.

    The Coming Stock Market Crash and The Death of Money with Jim Rickards :





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    Re: US economic recession:

    Post  George1 on Fri Jan 09, 2015 12:03 pm

    Coca-Cola to Cut 1,800 Jobs in US, Worldwide in Order to Save Costs

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    Re: US economic recession:

    Post  George1 on Fri Jan 23, 2015 4:52 am

    US Congressman Says Obama Poses as Deficit-Cutter Despite Record Debt

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    Re: US economic recession:

    Post  George1 on Sun Feb 01, 2015 11:10 pm

    Obama to Send $4 Trillion Budget Request to Congress

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    Re: US economic recession:

    Post  max steel on Thu Apr 30, 2015 9:14 pm

    US GDP comes in at a thumping : 0.2% - i.e very close to outright recession.

    The Empire is remarkably good at spin-management, but apparently not at much else. It is amazing the virtual unanimity displayed by analysts, journalists and shoe-shine boys, all of whom were competing for the most bullish scenarios, On the other hand I - nasty bear that I am - have been arguing for ages that the rebound was mythical - they still have not paid the price for the extravagances which culminated in the 2008 American crisis (now curiously referred to as the "global crisis" - as if it had originated in, say, Ecuador!) and that anyone expecting a Fed hike this year was on drugs,
    Meanwhile, poor China grew by "only" 7%, and Russia may well exit her shallow recession by mid-year. Oddly enough, US rates are soaring given the panicky exit from European bonds - apparently, the magic of negative rates (not just Germany and Switzerland, but even goddam Poland!) has just lost a bit of its allure. This will not end remotely well.




    http://blogs.wsj.com/economics/2015/05/08/yes-the-u-s-economy-probably-contracted-in-the-first-quarter-but-how-much/


    Last edited by max steel on Mon May 18, 2015 11:32 pm; edited 1 time in total

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    Re: US economic recession:

    Post  max steel on Mon May 18, 2015 11:18 pm

    What BoA-Merrill Lynch just won't tell you - why the US economy is likely heading into renewed recession sooner - perhaps this year. The best sell-side research I get - and by far. From Reorient.


    https://gallery.mailchimp.com/2551eec12ed752b7ad156097a/files/20150517_Weekahead.pdf

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    US in front of the inpeding collapse...

    Post  nemrod on Wed Jul 29, 2015 10:28 pm

    This time it won't be virtual. A thing is sure, they are ready at all in order to avoid collapse, including to trigger a war with Russia, and China.











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    Re: US economic recession:

    Post  Cowboy's daughter on Thu Jul 30, 2015 12:06 am

    macedonian wrote:This is an interesting topic, and one that merits a longer, more thought-out reply...unfortunately I'm pressed for time at the moment, and will have to get back to it later.

    A little teaser though: I think things in America are 'going south' and FAST!
    So much so in fact, that I expect Washington state and Oregon to soon border Alabama... Laughing

    LOL Very Happy Voted best answer in this thread. What a crazy thread.

    Definitely going South, not going North, better have a garden, chickens, pigs, a cow, & don't wait on the U.S. Government to send a boat.
    Being armed up doesn't hurt either. LOL.
    Knowing how to hunt and fish, etc. is good. Very Happy

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    Re: US economic recession:

    Post  nemrod on Wed Oct 14, 2015 1:02 am


    http://theeconomiccollapseblog.com/archives/right-now-there-are-102-6-million-working-age-americans-that-do-not-have-jobs



    Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

    The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation. For the month of September, the federal government told us that 142,000 jobs were added to the economy. If that was actually true, that would barely be enough to keep up with population growth. Sadly, the truth is that the real numbers were actually far worse than that. The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force” category. When I first saw that number I truly believed that it was inaccurate. But you can find the raw figures right here. According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”. That gives us a grand total of 102.6 million working age Americans that do not have a job right now.

    That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude.

    This is something that my friend Mac Slavo pointed out the other day. I encourage you to read his analysis right here. If we measured unemployment the way that we did decades ago, we would all be talking about how similar Obama’s economy is to the Great Depression of the 1930s.

    But instead we let the feds get away with feeding us this completely fraudulent “5.1 percent” unemployment number and most of us believe the mainstream media when they tell us that everything is just fine.

    Well no, everything is not just fine. At this point, the labor force participation rate is the lowest that it has been since 1977. And the labor force participation rate for men is at the lowest level ever recorded. The only way that the federal government has been able to get the official unemployment rate to go down so much is by pretending that hundreds of thousands of Americans that have been unemployed for a very long time “leave the labor force” each month.

    The chart posted below shows how our labor force participation rate has deteriorated since the year 2000. And in particular, the decline since Obama first entered the White House has been very striking. Does this look like a “healthy economy” to you?…

    To me, the civilian employment-population ratio is a far more accurate measurement of the employment picture in America than the official unemployment rate is. Just prior to the last recession, approximately 63 percent of all working age Americans had a job. During that recession, that figure slipped below 59 percent and it stayed there for several years. Just recently it slipped back above 59 percent, but as you can see we are now falling once again…

    The reason this number is falling is because lots of Americans have been losing jobs lately.

    In fact, we are seeing layoffs at major firms at a level that we have not witnessed since 2009…


    The jobs report today has been described as “ugly,” though it certainly didn’t, or shouldn’t have, come out of the blue: Layoffs in the energy, Big Tech, retail, and other sectors have recently mucked up our rosy scenario.

    “The third quarter ended with a surge in job cuts,” is how Challenger Gray, which tracks these things, started out its report yesterday. In September, large US-based companies had announced 58,877 layoffs. In the third quarter, they announced 205,759 layoffs, the worst quarter since the 240,233 in the third quarter of 2009!

    Year-to-date, we’re at nearly half a million job cut announcements (493,431 to be precise), up 36% from the same period last year.


    Some of the companies that have recently announced layoffs include Wal-Mart, RadioShack, Delta, Sprint, ConAgra, Caterpillar, Bank of America, Halliburton, Qualcomm, Microsoft and Hewlett-Packard.

    If you need to find a job or you plan to switch jobs in the near future, time is of the essence. Jobs are going to become much, much harder to find in the months ahead, and so every single day of job searching is absolutely critical at this point.

    Right now, there are more than 100 million Americans that get some sort of assistance from the federal government every month. Government dependence is at a level that we have never seen before in U.S. history, and it is going to get a lot worse.

    If we get to a point where the government is either unwilling or unable to take care of all of these people, we are going to have a massive societal problem on our hands. More than a third of the people living in our nation cannot independently take care of themselves, and more Americans are falling out of the middle class every single day. When the welfare state starts breaking down, the chaos that will ensue will be far worse than most people would dare to imagine.

    So what do you think?

    Are job losses and layoffs starting to happen in your area?

    Please feel free to add to the discussion by posting a comment below…




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    Re: US economic recession:

    Post  BTRfan on Wed Oct 14, 2015 4:56 am

    nemrod wrote:
    http://theeconomiccollapseblog.com/archives/right-now-there-are-102-6-million-working-age-americans-that-do-not-have-jobs



    Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

    The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation.  For the month of September, the federal government told us that 142,000 jobs were added to the economy.  If that was actually true, that would barely be enough to keep up with population growth.  Sadly, the truth is that the real numbers were actually far worse than that.  The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force” category.  When I first saw that number I truly believed that it was inaccurate.  But you can find the raw figures right here.  According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”.  That gives us a grand total of 102.6 million working age Americans that do not have a job right now.

    That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude.

    This is something that my friend Mac Slavo pointed out the other day.  I encourage you to read his analysis right here.  If we measured unemployment the way that we did decades ago, we would all be talking about how similar Obama’s economy is to the Great Depression of the 1930s.

    But instead we let the feds get away with feeding us this completely fraudulent “5.1 percent” unemployment number and most of us believe the mainstream media when they tell us that everything is just fine.

    Well no, everything is not just fine.  At this point, the labor force participation rate is the lowest that it has been since 1977.  And the labor force participation rate for men is at the lowest level ever recorded.  The only way that the federal government has been able to get the official unemployment rate to go down so much is by pretending that hundreds of thousands of Americans that have been unemployed for a very long time “leave the labor force” each month.

    The chart posted below shows how our labor force participation rate has deteriorated since the year 2000.  And in particular, the decline since Obama first entered the White House has been very striking.  Does this look like a “healthy economy” to you?…

    To me, the civilian employment-population ratio is a far more accurate measurement of the employment picture in America than the official unemployment rate is.  Just prior to the last recession, approximately 63 percent of all working age Americans had a job.  During that recession, that figure slipped below 59 percent and it stayed there for several years.  Just recently it slipped back above 59 percent, but as you can see we are now falling once again…

    The reason this number is falling is because lots of Americans have been losing jobs lately.

    In fact, we are seeing layoffs at major firms at a level that we have not witnessed since 2009…


       The jobs report today has been described as “ugly,” though it certainly didn’t, or shouldn’t have, come out of the blue: Layoffs in the energy, Big Tech, retail, and other sectors have recently mucked up our rosy scenario.

       “The third quarter ended with a surge in job cuts,” is how Challenger Gray, which tracks these things, started out its report yesterday. In September, large US-based companies had announced 58,877 layoffs. In the third quarter, they announced 205,759 layoffs, the worst quarter since the 240,233 in the third quarter of 2009!

       Year-to-date, we’re at nearly half a million job cut announcements (493,431 to be precise), up 36% from the same period last year.


    Some of the companies that have recently announced layoffs include Wal-Mart, RadioShack, Delta, Sprint, ConAgra, Caterpillar, Bank of America, Halliburton, Qualcomm, Microsoft and Hewlett-Packard.

    If you need to find a job or you plan to switch jobs in the near future, time is of the essence.  Jobs are going to become much, much harder to find in the months ahead, and so every single day of job searching is absolutely critical at this point.

    Right now, there are more than 100 million Americans that get some sort of assistance from the federal government every month.  Government dependence is at a level that we have never seen before in U.S. history, and it is going to get a lot worse.

    If we get to a point where the government is either unwilling or unable to take care of all of these people, we are going to have a massive societal problem on our hands.  More than a third of the people living in our nation cannot independently take care of themselves, and more Americans are falling out of the middle class every single day.  When the welfare state starts breaking down, the chaos that will ensue will be far worse than most people would dare to imagine.

    So what do you think?

    Are job losses and layoffs starting to happen in your area?

    Please feel free to add to the discussion by posting a comment below…





    I think Russia should start training, equipping, funding, and arming "moderate rebels" in the USA. If there are not presently any "moderate rebels" then perhaps Russia can organize some and pay them.

    There are millions of unemployed people in the USA, Russia could offer $3,000 per month + equipment, supplies, and training, for "moderate rebels" to fight the government to bring about an end to a regime that is rife with human rights abuses.

    They can even launch air strikes on regime forces and loyalist paramilitary groups that insist on defending the tyrannical regime once the "moderate rebels" begin to claim territory.

    Rodinazombie
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    Posts : 582
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    Re: US economic recession:

    Post  Rodinazombie on Wed Oct 14, 2015 12:15 pm

    BTRfan wrote:
    nemrod wrote:
    http://theeconomiccollapseblog.com/archives/right-now-there-are-102-6-million-working-age-americans-that-do-not-have-jobs



    Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

    The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation.  For the month of September, the federal government told us that 142,000 jobs were added to the economy.  If that was actually true, that would barely be enough to keep up with population growth.  Sadly, the truth is that the real numbers were actually far worse than that.  The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force” category.  When I first saw that number I truly believed that it was inaccurate.  But you can find the raw figures right here.  According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”.  That gives us a grand total of 102.6 million working age Americans that do not have a job right now.

    That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude.

    This is something that my friend Mac Slavo pointed out the other day.  I encourage you to read his analysis right here.  If we measured unemployment the way that we did decades ago, we would all be talking about how similar Obama’s economy is to the Great Depression of the 1930s.

    But instead we let the feds get away with feeding us this completely fraudulent “5.1 percent” unemployment number and most of us believe the mainstream media when they tell us that everything is just fine.

    Well no, everything is not just fine.  At this point, the labor force participation rate is the lowest that it has been since 1977.  And the labor force participation rate for men is at the lowest level ever recorded.  The only way that the federal government has been able to get the official unemployment rate to go down so much is by pretending that hundreds of thousands of Americans that have been unemployed for a very long time “leave the labor force” each month.

    The chart posted below shows how our labor force participation rate has deteriorated since the year 2000.  And in particular, the decline since Obama first entered the White House has been very striking.  Does this look like a “healthy economy” to you?…

    To me, the civilian employment-population ratio is a far more accurate measurement of the employment picture in America than the official unemployment rate is.  Just prior to the last recession, approximately 63 percent of all working age Americans had a job.  During that recession, that figure slipped below 59 percent and it stayed there for several years.  Just recently it slipped back above 59 percent, but as you can see we are now falling once again…

    The reason this number is falling is because lots of Americans have been losing jobs lately.

    In fact, we are seeing layoffs at major firms at a level that we have not witnessed since 2009…


       The jobs report today has been described as “ugly,” though it certainly didn’t, or shouldn’t have, come out of the blue: Layoffs in the energy, Big Tech, retail, and other sectors have recently mucked up our rosy scenario.

       “The third quarter ended with a surge in job cuts,” is how Challenger Gray, which tracks these things, started out its report yesterday. In September, large US-based companies had announced 58,877 layoffs. In the third quarter, they announced 205,759 layoffs, the worst quarter since the 240,233 in the third quarter of 2009!

       Year-to-date, we’re at nearly half a million job cut announcements (493,431 to be precise), up 36% from the same period last year.


    Some of the companies that have recently announced layoffs include Wal-Mart, RadioShack, Delta, Sprint, ConAgra, Caterpillar, Bank of America, Halliburton, Qualcomm, Microsoft and Hewlett-Packard.

    If you need to find a job or you plan to switch jobs in the near future, time is of the essence.  Jobs are going to become much, much harder to find in the months ahead, and so every single day of job searching is absolutely critical at this point.

    Right now, there are more than 100 million Americans that get some sort of assistance from the federal government every month.  Government dependence is at a level that we have never seen before in U.S. history, and it is going to get a lot worse.

    If we get to a point where the government is either unwilling or unable to take care of all of these people, we are going to have a massive societal problem on our hands.  More than a third of the people living in our nation cannot independently take care of themselves, and more Americans are falling out of the middle class every single day.  When the welfare state starts breaking down, the chaos that will ensue will be far worse than most people would dare to imagine.

    So what do you think?

    Are job losses and layoffs starting to happen in your area?

    Please feel free to add to the discussion by posting a comment below…





    I think Russia should start training, equipping, funding, and arming "moderate rebels" in the USA. If there are not presently any "moderate rebels" then perhaps Russia can organize some and pay them.

    There are millions of unemployed people in the USA, Russia could offer $3,000 per month + equipment, supplies, and training, for "moderate rebels" to fight the government to bring about an end to a regime that is rife with human rights abuses.

    They can even launch air strikes on regime forces and loyalist paramilitary groups that insist on defending the tyrannical regime once the "moderate rebels" begin to claim territory.

    Lol, when america does go down the pan, its gonna be a very frightening time. Can you imagine how the modern violent gun cultured american society would deal with a 1930s style depression? It doesnt bear thinking about. I think its would be a civil war.



    BTRfan
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    Posts : 437
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    Re: US economic recession:

    Post  BTRfan on Thu Oct 15, 2015 1:49 pm

    Rodinazombie wrote:
    BTRfan wrote:
    nemrod wrote:
    http://theeconomiccollapseblog.com/archives/right-now-there-are-102-6-million-working-age-americans-that-do-not-have-jobs



    Right Now There Are 102.6 Million Working Age Americans That Do Not Have A Job

    The federal government uses very carefully manipulated numbers to cover up the crushing economic depression that is going on in this nation.  For the month of September, the federal government told us that 142,000 jobs were added to the economy.  If that was actually true, that would barely be enough to keep up with population growth.  Sadly, the truth is that the real numbers were actually far worse than that.  The unadjusted numbers show that the U.S. economy actually lost 248,000 jobs in September and the government added more than a million Americans to the “not in the labor force” category.  When I first saw that number I truly believed that it was inaccurate.  But you can find the raw figures right here.  According to the Obama administration, there are currently 7.9 million Americans that are “officially unemployed” and another 94.7 million working age Americans that are “not in the labor force”.  That gives us a grand total of 102.6 million working age Americans that do not have a job right now.

    That is not an economic recovery – that is an economic depression of an almost unbelievable magnitude.

    This is something that my friend Mac Slavo pointed out the other day.  I encourage you to read his analysis right here.  If we measured unemployment the way that we did decades ago, we would all be talking about how similar Obama’s economy is to the Great Depression of the 1930s.

    But instead we let the feds get away with feeding us this completely fraudulent “5.1 percent” unemployment number and most of us believe the mainstream media when they tell us that everything is just fine.

    Well no, everything is not just fine.  At this point, the labor force participation rate is the lowest that it has been since 1977.  And the labor force participation rate for men is at the lowest level ever recorded.  The only way that the federal government has been able to get the official unemployment rate to go down so much is by pretending that hundreds of thousands of Americans that have been unemployed for a very long time “leave the labor force” each month.

    The chart posted below shows how our labor force participation rate has deteriorated since the year 2000.  And in particular, the decline since Obama first entered the White House has been very striking.  Does this look like a “healthy economy” to you?…

    To me, the civilian employment-population ratio is a far more accurate measurement of the employment picture in America than the official unemployment rate is.  Just prior to the last recession, approximately 63 percent of all working age Americans had a job.  During that recession, that figure slipped below 59 percent and it stayed there for several years.  Just recently it slipped back above 59 percent, but as you can see we are now falling once again…

    The reason this number is falling is because lots of Americans have been losing jobs lately.

    In fact, we are seeing layoffs at major firms at a level that we have not witnessed since 2009…


       The jobs report today has been described as “ugly,” though it certainly didn’t, or shouldn’t have, come out of the blue: Layoffs in the energy, Big Tech, retail, and other sectors have recently mucked up our rosy scenario.

       “The third quarter ended with a surge in job cuts,” is how Challenger Gray, which tracks these things, started out its report yesterday. In September, large US-based companies had announced 58,877 layoffs. In the third quarter, they announced 205,759 layoffs, the worst quarter since the 240,233 in the third quarter of 2009!

       Year-to-date, we’re at nearly half a million job cut announcements (493,431 to be precise), up 36% from the same period last year.


    Some of the companies that have recently announced layoffs include Wal-Mart, RadioShack, Delta, Sprint, ConAgra, Caterpillar, Bank of America, Halliburton, Qualcomm, Microsoft and Hewlett-Packard.

    If you need to find a job or you plan to switch jobs in the near future, time is of the essence.  Jobs are going to become much, much harder to find in the months ahead, and so every single day of job searching is absolutely critical at this point.

    Right now, there are more than 100 million Americans that get some sort of assistance from the federal government every month.  Government dependence is at a level that we have never seen before in U.S. history, and it is going to get a lot worse.

    If we get to a point where the government is either unwilling or unable to take care of all of these people, we are going to have a massive societal problem on our hands.  More than a third of the people living in our nation cannot independently take care of themselves, and more Americans are falling out of the middle class every single day.  When the welfare state starts breaking down, the chaos that will ensue will be far worse than most people would dare to imagine.

    So what do you think?

    Are job losses and layoffs starting to happen in your area?

    Please feel free to add to the discussion by posting a comment below…





    I think Russia should start training, equipping, funding, and arming "moderate rebels" in the USA. If there are not presently any "moderate rebels" then perhaps Russia can organize some and pay them.

    There are millions of unemployed people in the USA, Russia could offer $3,000 per month + equipment, supplies, and training, for "moderate rebels" to fight the government to bring about an end to a regime that is rife with human rights abuses.

    They can even launch air strikes on regime forces and loyalist paramilitary groups that insist on defending the tyrannical regime once the "moderate rebels" begin to claim territory.

    Lol, when america does go down the pan, its gonna be a very frightening time. Can you imagine how the modern violent gun cultured american society would deal with a 1930s style depression? It doesnt bear thinking about. I think its would be a civil war.




    The USA is not even in the top 100 for more dangerous nations. It is a very safe nation.

    When the government is no longer a factor, a lot of the criminal element will simply be cut to pieces.

    max steel
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    Re: US economic recession:

    Post  max steel on Thu Oct 15, 2015 2:41 pm

    dangerous in what sense ?



    BTRfan
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    Re: US economic recession:

    Post  BTRfan on Thu Oct 15, 2015 2:44 pm

    max steel wrote:dangerous in what sense ?




    Crime, particularly homicide rate.

    By homicide rate the USA is 111th in the world.

    https://en.wikipedia.org/wiki/List_of_countries_by_intentional_homicide_rate

    max steel
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    Re: US economic recession:

    Post  max steel on Thu Oct 15, 2015 3:08 pm

    Rampant gun violence in US and wikipedia doesn't take police brutality into the account .

    BTRfan
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    Re: US economic recession:

    Post  BTRfan on Sat Oct 17, 2015 12:28 am

    max steel wrote:Rampant gun violence in US and wikipedia doesn't take police brutality into the account .


    Less than 40 people each year are killed in "mass shootings" in the USA.

    Most gun deaths are hardcore criminals shooting each other, nobody cares about that.

    max steel
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    Re: US economic recession:

    Post  max steel on Sat Oct 17, 2015 12:37 am

    Police Brutality , count that in .

    Werewolf
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    Re: US economic recession:

    Post  Werewolf on Sat Oct 17, 2015 1:27 am

    BTRfan wrote:
    max steel wrote:Rampant gun violence in US and wikipedia doesn't take police brutality into the account .


    Less than 40 people each year are killed in "mass shootings" in the USA.

    Most gun deaths are hardcore criminals shooting each other, nobody cares about that.

    The police shot more in the 1 month than german police in 10+ years or other polices.

    http://www.theguardian.com/us-news/2015/jun/09/the-counted-police-killings-us-vs-other-countries

    BTRfan
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    Re: US economic recession:

    Post  BTRfan on Sat Oct 17, 2015 3:13 pm

    Werewolf wrote:
    BTRfan wrote:
    max steel wrote:Rampant gun violence in US and wikipedia doesn't take police brutality into the account .


    Less than 40 people each year are killed in "mass shootings" in the USA.

    Most gun deaths are hardcore criminals shooting each other, nobody cares about that.

    The police shot more in the 1 month than german police in 10+ years or other polices.

    http://www.theguardian.com/us-news/2015/jun/09/the-counted-police-killings-us-vs-other-countries



    http://www.npr.org/sections/parallels/2013/09/19/224043848/the-u-s-has-more-guns-but-russia-has-more-murders


    According to Gunpolicy.org, Russians have far fewer guns than Americans — and far more homicides.

    There are fewer than 13 million firearms in circulation in Russia, compared with an estimated 300 million in the United States. That works out to about 9 guns per 100 people in Russia and closed to 100 guns per 100 people in America.

    The most recent homicide statistics for Russia show that there were 21,603 killings in 2009.

    According to the FBI, the United States had 13,636 homicides in 2009 with a population that is more than twice as large. More than 80 percent of those killings were gun-related.

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