JOBLESS RATES RISE .. AGAIN
If you listen to or read the American Media, you will hear the word Recovery on everyone’s lips. Everything that is economically positive is about to happen “within a few weeks”. But, strangely enough, nothing happens.
Instead, inserted between the promises of a glowing future, are hushed statements about unemployment growing in every area.
Some doctors who have dying patients, feel that it is necessary to lie to the patients, with the expectations that the patients will believe the lies and feel better. If you were dying of cancer or heart disease would you believe the lies of your doctor? Unlikely.
The same reasoning applies to the state of the economy in the U.S.
People see their banks closing, houses with Foreclosure signs on every block, empty streets, empty stores and when they receive a letter from their employer saying that their services are no longer required, they know that we are in the Great Depression of 2008.
When people like the Indonesian-African-American, who speaks like a machine, not like a native American, and who never looks anyone straight in the eye, talks about how the economy is getting better, the only result is fury in the hearts of the unemployed.
When the managers of the Indonesian, men from Chicago and New York, who have never worked a day in business, who come from rich families and Ivy League schools, pretend they know everything about the economy and how they are making repairs, the same fury reasserts itself.
WHAT IS TOTALLY DISGUSTING ABOUT THE ADMINISTRATION IS THE FACT THAT THEY ARE ALL IDENTICAL IN THEIR ETHNICITY AND THEIR FAMILY BACKGROUND AND THEIR TRAINING.
THE AMERICAN ADMINISTRATION WERE BORN AND RAISED TO CONTROL PEOPLE WHO ARE ILLITERATE AND STUPID. THEY DO NOT WANT NEW OPINIONS. THEY WANT TO CREATE AN OLIGARCHY, WHICH WILL LAST FOREVER.
I have seen identical situations in Latin America, where the population is illiterate, unsophisticated and docile.
INDIANS, OR JEWS OR CHINESE, WILL ENTER THE SOCIETY AND TAKE OVER THE COMMERCE AND THE GOVERNMENT. THE NATIVES BECOME SLAVES.
THE NATIVES ARE INCAPABLE, BECAUSE OF THEIR LACK OF SOPHISTICATION, TO ARGUE IN COURT OR MAKE FRIENDS WITH THE LOCAL CAPITALISTS WHO HAVE RULED THE COUNTRY SINCE THE SPANIARDS ARRIVED CENTURIES AGO.
THE NEWCOMERS ARRIVE AND QUICKLY TAKE OVER, EXACTLY AS THE THIS GROUP, WHOSE CHIEF ACTOR, OBAMA, HAS DONE. OBAMA WAS CHOSEN BECAUSE AFRICAN AMERICANS AND LATIN AMERICANS VOTE AS MONOLITHIC BLOCKS. EUROPEAN AMERICANS ARE UNWILLING TO RECOGNIZE THE REALITY OF WHAT IS HAPPENING. THEY BELIEVE THAT THE U.S. OF 2010 IS THE SAME U.S. OF 1970.
ANY SEMBLANCE OF DEMOCRACY IS GONE.
WITH NO DEMOCRACY, THE U.S. LIKE THE U.S.S.R. HAS TO COLLAPSE ECONOMICALLY.
Here is an example from Bloomberg:
Jobless Claims in U.S. Unexpectedly Climbed Last Week (Update2)
By Courtney Schlisserman and Tim Homan
Aug. 12 (Bloomberg) — More Americans unexpectedly filed applications for unemployment insurance last week, signaling firings stepped up as the economy slowed.
Initial jobless claims rose by 2,000 to 484,000 in the week ended Aug. 7, the highest level since mid February, Labor Department figures showed today in Washington. The number of people receiving unemployment benefits dropped, while those getting supplemental benefits surged by 1.34 million reflecting the government’s extension of eligibility.
Companies may be losing confidence in the recovery. Help for States
Congress this week passed legislation providing $26 billion in aid to state governments that is designed to prevent thousands of layoffs of teachers and other public service employees.
Weaker sales and declining income tax revenue have left states with budget gaps totaling $84 billion, according to the National Conference of State Legislatures. Every state spending cuts, tax increases or both — actions Fed Chairman Ben S. Bernanke said last week are contributing to the nation’s sluggish recovery.
The Fed on Aug. 10 held its benchmark interest rate at a record low and announced it will reinvest principal payments on mortgage holdings into long-term Treasury securities, an effort to bolster economic growth.
The pace of economic recovery is likely to be more modest.
The truth is, there will be no recovery! The people of the U.S. must face reality. The U.S. economy rests on debt and more debt.
The U.S. produces nothing of substance wanted by the rest of the world. American wages are the highest in the world. The American government is group of predators, each trying to out steal his neighbor. The majority of workers are interested the least work for the most money and quality be damned.
In this environment of global trade, no group can survive unless they work hard, price low and are honest.
That simply does not apply to the U.S.A.
