SIC SEMPER TYRANNIS!!! News
Mark Matheny
October 6, 2012
SIC SEMPER TYRANNIS!!! News
http://werhit-mathenyahu.blogspot.com
How convenient it is that the unemployment rate should drop as fast as Obama's popularity rate!
More propaganda.......
Related videos:
http://www.youtube.com/watch?v=YDAXfJ78McM
http://www.youtube.com/watch?v=ZHy7RISGK9w
http://www.youtube.com/watch?v=1068-8GPO0Q
Another Phony Employment Report
Paul Craig RobertsInfowars.com
Oct 6, 2012
Oct 6, 2012
October 5. Today’s employment report from the Bureau of Labor Statistics shows 114,000 new jobs in September and a drop in the rate of unemployment from 8.1% to 7.8%. As 114,000 new jobs are not sufficient to stay even with population growth, the drop in the unemployment rate is the result of not counting discouraged workers who are defined away as “not in the labor force.”
According to the BLS, “In September, 2.5 million persons were marginally attached to the labor force.” These individuals “wanted and were available for work,” but “they were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.”
In other words, 2.5 million unemployed Americans were not counted as unemployed.
The stock market rose on the phony good news. Bloomberg’s headline: “U.S. Stocks Rise as Unemployment Rate Unexpectedly Drops,” http://www.bloomberg.com/news/2012-10-05/u-s-stock-futures-little-changed-before-payrolls-report.html .
A truer picture of the dire employment situation is provided by the 600,000 rise over the previous month in involuntary part-time workers. According to the BLS, “These individuals were working part time because their hours had been cut back or because they were unable to find a full-time job.”
Turning to the 114,000 new jobs, once again the jobs are concentrated in lowly paid domestic service jobs that cannot be offshored. Manufacturing jobs declined by 16,000.
As has been the case for a decade, two categories–health care and social assistance (primarily ambulatory health care services) and waitresses and bartenders account for 53% of the new jobs. The BLS never ceases to find ever growing employment of people in restaurants and bars despite the rising dependence of the US population on food stamps. The elderly are rising as a percentage of the American population, but I sometimes wonder if employment in ambulatory health care services is rising faster than the elderly population. Whether these reported jobs are real, I do not know.
The rest of the new jobs were accounted for by retail trade, transportation and warehousing, financial activities (primarily credit intermediation), professional and business services (primarily administrative and waste services), and state government education, where the 13,600 reported new jobs seem odd in light of the teacher layoffs and rise in classroom size.
The high-tech jobs that economists promised would be our reward for offshoring American manufacturing jobs and tradeable professional services, such as software engineering and IT, have never materialized. “The New Economy” was just another hoax, like “Iraqi weapons of mass destruction” and “Iranian nukes.”
While employment falters, the consumer price index (CPI-U) in August increased 0.6 percent, the largest since June 2009. If the August rate is annualized, it means bad news on the inflation front. Instead of bringing us high tech jobs, is “the New Economy” bringing back the stagflation of the late 1970s? Time will tell.
Dr. Paul Craig Roberts is the father of Reaganomics and the former head of policy at the Department of Treasury. He is a columnist and was previously the editor of the Wall Street Journal. His latest book, “How the Economy Was Lost: The War of the Worlds,” details why America is disintegrating.
Man Tells Obama: Business 'Terrible Since You Got Here'
Weekly Standard
October 6, 2012
October 6, 2012
An Ohio man at the market told President Obama that business has been "Terrible since you got here," according to the White House pool report. Via the pool report:
Read the entire articlePotus stopped to meet people waiting for him, where he did the requisite hand-shaking, high-fiving and the rare baby-holding before going on to chat with proprietors at Turczyk's Meats and the adjoining Larry Vilstein's, Christopher Bakery and Edward Badbuster & Son. He then asked the proprietor at Rolston Poultry how business was going. "Terrible since you got here," the man said. Pool could not get close enough to the Rolston Poultry man to get his name or political affiliation. Potus didn't appear amused by the sentiment.
Israeli air force shoots down drone aircraft
Yahoo News
October 6, 2012
October 6, 2012
JERUSALEM (Reuters) - The Israeli air force shot down a drone after it crossed into southern Israel on Saturday, the military said, but it remained unclear where the aircraft had come from.
The drone was first spotted above the Mediterranean Sea in the area of the Hamas-ruled Gaza Strip to the west of Israel, said military spokeswoman Avital Leibovich.
It was kept under surveillance and followed by Israeli air force jets before it was shot down above a forest in an unpopulated area near the border with the occupied West Bank.
Leibovich said it was shot down at about 10 a.m. (0700 GMT), after it traveled east some 35 miles across Israel's southern Negev desert.
Defense Minister Ehud Barak praised the interception as "sharp and effective".
"We view with great gravity the attempt to compromise Israeli air space and will consider our response in due course," Barak said in a statement.
Soldiers were searching the area for the remains of the drone, which security sources said most likely did not originate from the Gaza Strip. It was not immediately clear whether it was armed.
On at least one occasion, Iranian-backed Hezbollah, a Shi'ite group in Lebanon, has launched a drone into Israel. And in 2010, an Israeli warplane shot down an apparently unmanned balloon in the Negev near the country's Dimona nuclear reactor.
(Reporting by Ari Rabinovitch and Amir Cohen; Editing by Myra MacDonald)
$4 gas: Get used to it
CNN News
October 5, 2012
FORTUNE -- President Obama may have a lot more to worry about than bombing the debate this week. Traders are starting to get particularly bullish over gasoline prices – and that is bad news for the average driver, who may also be looking to vent his spleen at the voting booth.
October 5, 2012
A new U.N. report says the massive bets placed on the commodities markets are the "root cause" of the volatility in oil and gas prices. And that's not about to change.
By Leah McGrath Goodman
FORTUNE -- President Obama may have a lot more to worry about than bombing the debate this week. Traders are starting to get particularly bullish over gasoline prices – and that is bad news for the average driver, who may also be looking to vent his spleen at the voting booth.
Reports of gas shortages along the high-demand west and east coasts may be fleeting – although deeply concerning – but they highlight a problem that's expected to persist in the U.S.: our refineries are getting old. Given that a new refinery has not been built since 1976, commodities desks on Wall Street are bracing for more refinery outages and fires just as the nation needs to gear up for the busy winter heating season.
What does that mean? Probably more weeks where we'll see U.S. crude oil inventories hovering above the upper limit of the average range for this time of year, yet gasoline inventories tunneling into the lower half of their average range, as the U.S. Energy Information Administrationreported Wednesday.
Translated in dollars and cents, retail gas prices likely won't be moving off the $4 needle anytime soon. In fact, some gasoline buyers think this may even usher in a run to $5 a gallon (especially out west where gas stations are shutting down because they cannot buy gas at price levels low enough to turn a profit).
The firmness in gasoline also is giving oil prices a boost, the knock-on effects of which cannot be understated.
Oil price spikes and consumer prices have been "highly correlated" over the past decade, according to the EIA, the nonpartisan statistics branch of the U.S. Department of Energy. The upshot? Americans are increasingly grappling with unchanged paychecks in the face of higher energy prices. Their money is buying them less, the EIA says, citing the Bureau of Labor Statistics' Chained Consumer Price Index.
Why Only 2 Candidates in The Presidential Debates?
Infowars.com
Oct 4, 2012
Oct 4, 2012
It’s only natural that the Democratic incumbent, Barack Obama, and the Republican challenger, Mitt Romney, should participate in tonight’s first presidential debate, but in fact there are two other candidates who qualified for the ballot in enough states that they could, technically, win the election.
Warnings That A Massive Stock Market Crash Is Imminent
In the financial world, the month of October is synonymous with stock market crashes. So will a massive stock market crash happen this year? You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug Short, Peter Schiff, Robert Wiedemer and Harry Dent are all warning that the next crash is rapidly approaching.
We are living in the greatest debt bubble in the history of the world and Wall Street has been transformed into a giant casino that is based on a massive web of debt, risk and leverage. When that web breaks we are going to see a stock market crash that is going to make 2008 look like a Sunday picnic. Yes, the Federal Reserve has tried to prevent any problems from erupting in the financial markets by initiatinganother round of quantitative easing, but 40 billion dollars a month will not be nearly enough to stop the massive collapse that is coming. This will be explained in detail toward the end of the article. Hopefully we will get through October (and the rest of this year) without seeing a stock market collapse, but without a doubt one is coming at some point. Those on the wrong end of the coming crash are going to be absolutely wiped out.
A lot of people focus on the month of October because of the history of stock market crashes in this month. This history was detailed in a recent USA Today article….
When it comes to wealth suddenly disappearing, October can be diabolically frightful. The stock market crash of 1929 that led to the Great Depression occurred in October. So did the 22.6% plunge suffered by the Dow Jones industrial average in 1987 on “Black Monday.”The scariest 19-day span during the 2008 financial crisis also went down in October, when the Dow plunged 2,675 points after investors fearing a financial collapse went on a panic-driven stock-selling spree that resulted in five of the 10 biggest daily point drops in the iconic Dow’s 123-year history.
So what will we see this year?
Only time will tell.
If a stock market crash does not happen this month or by the end of this year, that does not mean that the experts that are predicting a stock market crash are wrong.
It just means that they were early.
As I have said so many times, there are thousands upon thousands of moving parts in the global financial system. So that makes it nearly impossible to predict the timing of events with perfect precision. Financial conditions are constantly shifting and changing.
But without a doubt another major financial collapse similar to what happened back in 2008 (or even worse) is on the way. Let’s take a look at some of the financial experts that are predicting really bad things for our financial markets in the months ahead….
Doug Short
According to Doug Short, the vice president of research at Advisor Perspectives, the stock market is somewhere between 33% and 51% overvalued at this point. In a recent article he offered the following evidence to support his position….
● The Crestmont Research P/E Ratio (more)● The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more)● The Q Ratio, which is the total price of the market divided by its replacement cost (more)● The relationship of the S&P Composite price to a regression trendline (more)
Peter Schiff
Peter Schiff, the CEO of Euro Pacific Capital, has been one of the leading voices in the financial community warning people about the crisis that is coming.
During a recent interview with Fox Business, Schiff stated that the massive financial collapse that we witnessed back in 2008 “wasn’t the real crash” and he boldly declared that the “real crash is coming”.
So is Schiff right?
We shall see.
Robert Wiedemer
Economist Robert Wiedemer warned people what was coming before the crash of 2008, and now he is warning that what is coming next is going to be even worse….
“The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”
Harry Dent
Financial author Harry Dent believes that the stock market could fall by as much as 60 percent in the coming months. He is convinced that stocks are hugely overvalued right now….
“We have the greatest debt bubble in history. We will see a worldwide downturn. And when you are in this type of recessionary environment stocks should be trading at five to seven times earnings.”
So are these guys right?
We shall see.
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