07 December 2009

Trusting the Government in an Idiocracy

Do you believe what you are told -- by government spokespersons, by media mouthpieces, by academics and pundits? It is easier that way. Just accept what you are told -- do not question.

Take what we were told about US employment conditions:
TrimTabs employment analysis, which uses real-time daily income tax deposits from all U.S. taxpayers to compute employment growth, estimated that the U.S. economy shed 255,000 jobs in November. This past month’s results were an improvement of only 10.2% from the 284,000 jobs lost in October.

Meanwhile, the Bureau of Labor Statistics ]BLS) reported that the U.S. economy lost an astonishingly better than expected 11,000 jobs in November. In addition, the BLS revised their September and October results down a whopping 203,000 jobs, resulting in a 45% improvement over their preliminary results.
Something is not right in Kansas! Either the BLS results are wrong, our results are in error, or the truth lies somewhere in the middle. _SeekingAlpha

Top Ten Reasons to Dismiss Last Friday's Unemployment Report

The Real State of the US Labor Market

Unemployment Duration on the Rise

Why the Friday Unemployment Report Was Total Bunk

Massive Mountain of Debt Will Kill Us

When a complex economy begins to unravel, the early responses to the crisis determine how long and deep the damage will penetrate. If a nation is under the control of green rookies -- like the Obama / Pelosi reich -- most of the decision made will be wrong. The people will suffer until the mismanagement at the top is removed, and the system is allowed to recover.

Hope for the best, prepare for the worst, and be ready to exploit any opportunity that may open. Remember: Historically, gold has maintained its value better than other investments -- particularly during truly horrific economic crises.


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Blogger Sojka's Call said...

My wife and I were discussing the absurdity of the unemployment numbers yesterday. I found it interesting that not one article explored the possibility that 50K service jobs added recently could be to support holiday shopping. Doesn't that happen every year? Almost everyone I talk to thinks the stimulus and bank bailouts were money well-spent. The basic understanding of economics around the world is stunningly low. People believe governments can run deficits forever!

Monday, 07 December, 2009  
Blogger al fin said...

Right. Part of the service job numbers no doubt comes from seasonal hiring.

The over all drop in total employment that allows the BLS to deceptively claim a "drop in the unemployment rate" from 10.2% to 10.0% is the skeleton in the closet that will come back to haunt the nation.

Americans have been dumbed down over the past few decades to the point of innumeracy, and ignorance of history -- not to mention the inability to detect when they are being conned by media and authorities.

Parts of America will experience a healthy rebound as new technologies start to gain traction. Most of the country seems to be sinking into the fetid morass of Obamaism.

Tuesday, 08 December, 2009  

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“During times of universal deceit, telling the truth becomes a revolutionary act” _George Orwell

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