By Jean Bush
Unemployment figures in the United States are bandied about with all the abandon of baseless rumours. According to the United States Department of Labor, Bureau of Labor Statistics:
THE EMPLOYMENT SITUATION -- AUGUST 2009
Nonfarm payroll employment continued to decline in August (-216,000),
and the unemployment rate rose to 9.7 percent, the U.S. Bureau of Labor
Statistics reported today. Although job losses continued in many of the
major industry sectors in August, the declines have moderated in recent
Household Survey Data
In August, the number of unemployed persons increased by 466,000 to 14.9 million, and the unemployment rate rose by 0.3 percentage point to 9.7 percent. The rate had been little changed in June and July, after increasing 0.4 or 0.5 percentage points in each month from December 2008
through May. Since the recession began in December 2007, the number of
unemployed persons has risen by 7.4 million, and the unemployment rate
has grown by 4.8 percentage points. (See table A-1.)
The real unemployment figures are never reported in the Elite owned media outlets.
Only those who are signing up or have signed up are counted. Real unemployment includes those whose benefits have run out, those who must wait weeks or months to sign up and receive checks as the system continues to break down and the Unemployment websites crash from overwhelming usage and people spend hours and days trying to phone through the endless busy signals of their local offices. The real count also includes those who have simply given up.
Our economy continues to crash. Blockbuster Video may close as many as 960 stores. All of these employees will soon be out of work and adding to the swelling ranks of those seeking unemployment benefits.
Reuters) - The U.S. economy has not begun to climb out of the worst recession since the Great Depression but the "terror" that followed last year's near-collapse of the financial system is gone due in part to government intervention, billionaire investor Warren Buffett said on Tuesday.
Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst U.S. recession since the Great Depression was probably over, but the recovery would be slow and it would take time to create new jobs.
"Even though from a technical perspective the recession is very likely over at this point, it's still going to feel like a very weak economy for some time," Bernanke said after giving a speech at a Brookings Institution conference.
Reuters)- President Barack Obama promised struggling autoworkers on Tuesday he was committed to rebuilding a thriving U.S. auto industry and said the world's largest economy was on the mend. "It's going to take some time to achieve a complete recovery," Obama said during a visit to General Motors Co's sprawling Lordstown plant in Ohio.
Bernake, Buffett and Barack, the Three Stooges, or whatever these Illuminati sock-puppets are being called these days, are continuously assuring and increasingly desperate public that despite all the signs of collapse, the economy is actually recovering, but it will take time. What does that mean? How much time, what is recovering? Where are the new jobs? Who is spending money to prop up the slumping retail sales?
Certainly not the new middle class homeless. As jobs are lost, benefits run out and homeowners and renters are unable to keep up with the endlessly rising housing costs, more and more people are finding themselves and their families living out of cars or shelters. Some find help with friends and relatives, but these very safety nets are in danger of collapsing themselves. Retirees and those living solely on Social Security are increasingly finding that inflation, that subtle thief in the night, is stealing away what little purchasing power the dollar still has. Many of them are looking to go back to work just to survive. The choice many face between food and medicine, is not living, it is starving. However, there is little work to be had. Seniors often find themselves competing with high-schoolers looking for part-time work and summer work at various fast food franchises.
The stock market has been used by investors and the public alike as a barometer of the economy's health. However, this is not what is really happening. The market has always been manipulated into boom and bust cycles, managed by the Plunge Protection Team aka Working Group on Financial Markets. According to Wikipedia :
The Working Group on Financial Markets (also, President's Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631, signed on March 18, 1988 by United States President Ronald Reagan.The Group was established explicitly in response to events in the financial markets surrounding October 19, 1987 ("Black Monday") to give recommendations for legislative and private sector solutions for "enhancing the integrity, efficiency, orderliness, and competitiveness of [United States] financial markets and maintaining investor confidence".As established by Executive Order 12631, the Working Group consists of:
The Secretary of the Treasury, or his designee (as Chairman of the Working Group);
The Chairman of the Board of Governors of the Federal Reserve System, or his designee;
The Chairman of the Securities and Exchange Commission, or his designee; and
The Chairman of the Commodity Futures Trading Commission, or his designee.
"Plunge Protection Team" was originally the headline for an article in The Washington Post on February 23, 1997, and has since become a colloquial term used by some mainstream publications to refer to the Working Group. Initially, the term was used to express the opinion that the Working Group was being used to prop up the markets during downturns. Financial writers for British newspapers The Observer and The Daily Telegraph, along with U.S. Congressman Ron Paul and writers Kevin Phillips (who claims "no personal firsthand knowledge" and is "not interested in becoming a conspiracy investigator")  and John Crudele, have charged the Working Group with going beyond their legal mandate. Claims about the Working Group, which are labeled conspiracy theories by some writers, generally include that it is an orchestrated mechanism that attempts to manipulate U.S. stock markets in the event of a market crash by using government funds to buy stocks, or other instruments such as stock index futures-acts which are forbidden by law. In August 2005, Sprott Asset Management released a report that argued that there is little doubt that the PPT intervened to protect the stock market. However, these articles usually refer to the Working Group using moral suasion to attempt to convince banks to buy stock index futures. Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." His statement has been used to claim that the Fed actually did act in that way. Mainstream analysts call those claims a conspiracy theory, explaining that such claims are simplistic and unworkable.Despite the fact that these theories about direct market intervention have circulated for over a decade in the tabloid press and on the internet, none of the conspiracy theorists has been able to produce even a single piece of evidence or first-hand testimony that would document such trading. Given the massive electronic and human audit trail generated by trading on the futures and stock markets, experts say that, if the so-called PPP interventionist theories were true, it would be impossible to conceal documentary evidence of such transactions.
Market Crisis of 2008
Executive Order 12631 -- Working Group on Financial Markets
Section 1. Establishment. (a) There is hereby established a Working Group on Financial Markets (Working Group). The Working Group shall be composed of:(1) the Secretary of the Treasury, or his designee;(2) the Chairman of the Board of Governors of the Federal Reserve System, or his designee;(3) the Chairman of the Securities and Exchange Commission, or his designee; and(4) the Chairman of the Commodity Futures Trading Commission, or her designee.(b) The Secretary of the Treasury, or his designee, shall be the Chairman of the Working Group.Sec. 2. Purposes and Functions. (a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:(1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.(c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes.
In actual fact, this secret branch of government has a sophisticated war room using every state of the art technology to monitor markets worldwide. It has emergency powers. It doesn't keep minutes. There is no freedom of information access to its deliberations.
This financial management (read manipulation) team is controlled and directed by the Illuminati. The current general rise in stocks is nothing but smoke and mirrors to lull the public into thinking a recovery is upon us.
The economy of the US is deliberately being crashed by the Illuminati and their Satanic lapdogs so they can usher in the North American Union in advance of their New World Order.
President Bush was pursuing a globalist agenda to create a North American Union, effectively erasing our borders with both Mexico and Canada. This was the hidden agenda behind the Bush administration's true open borders policy.Secretly, the Bush administration was pursuing a policy to expand NAFTA politically, setting the stage for a North American Union designed to encompass the U.S., Canada, and Mexico. What the Bush administration truly wanted is the free, unimpeded movement of people across open borders with Mexico and Canada.The blueprint President Bush followed was laid out in a 2005 report entitled "Building a North American Community" published by the left-of-center Council on Foreign Relations (CFR). The CFR report connects the dots between the Bush administration's actual policy on illegal immigration and the drive to create the North American Union:"At their meeting in Waco, Texas, at the end of March 2005, U.S. President George W. Bush, Mexican President Vicente Fox, and Canadian Prime Minister Paul Martin committed their governments to a path of cooperation and joint action."Now President Obama also supports this, saying in his candidacy that:"Starting my first year in office, I will convene annual meetings with [Mexico's President] Mr. Calderon and the prime minister of Canada. Unlike similar summits under President Bush, these will be conducted with a level of transparency that represents the close ties among our three countries. We will seek the active and open involvement of citizens, labor, the private sector and non-governmental organizations in setting the agenda and making progress." Source: Rususa.comThe target date for full implementation is 2010. More information can be found at the Security and Prosperity Partnership website.
This destruction of three country's national sovereignty will insure that disease, poverty and illiteracy will overwhelm the indigenous people and legal citizens of each.
the state or condition of having little or no money, goods, or means of support; condition of being poor; indigence.
deficiency of necessary or desirable ingredients, qualities, etc.: poverty of the soil.
scantiness; insufficiency: Their efforts to stamp out disease were hampered by a poverty of medical supplies.
Synonyms:1. penury. Poverty, destitution, need, want implies a state of privation and lack of necessities. Poverty denotes serious lack of the means for proper existence: living in a state of extreme poverty. Destitution, a somewhat more literary word, implies a state of having absolutely none of the necessities of life: widespread destitution in countries at war. Need emphasizes the fact that help or relief is necessary: Most of the people were in great need. Want emphasizes privations, esp. lack of food and clothing: Families were suffering from want. 3. meagerness.
The endless illegal immigration, soon to be legal if this NAU goes through, will insure that entire populations will become destitute as cheap labor drives wages and living conditions ever further downward. Poverty will most certainly become the only class. The Elites, living above billionaire status and ruling the rest of us on the backs of our desperation, will soon kill off the last of America' spirit and greatness.
As our country lies gasping its last, many will look around in wonder and ask what the hell happened; I can tell you: the security, comfort and mindless amusements you traded your freedoms and vigilance for has come round at last to bid you a fond farewell. You have been warned endlessly and chose instead to wrap your chains more snugly around you. Why complain now? You have always found them to be a good fit.