Sunday, June 28, 2009

Diversionary Tactics.

Seeking Alpha
U.S. “mass lay-offs” at RECORD high
Jeff Neilson
un 25, 2009 10:16 am

...Up to this point, the U.S. government has been very successful in duping market sheep (i.e. the “experts”) through publishing totally fraudulent monthly jobs reports. With the U.S. economy losing roughly 2 million jobs each month (see “U.S. economy to lose 20 MILLION jobs this year”), the government claimed that less than 400,000 jobs were lost in May.

The fact that the unemployment rate continues soaring higher each month, that “mass lay-offs” are at record levels, and with state governments across the U.S. slashing spending to meet budget shortfalls (i.e slashing jobs) conclusively demonstrates that “official” government reports have absolutely no connection to reality.

Even if this rate of decline is now linear (i.e. falling at the same rate each month), this does not imply “stability”. Jobs are being lost in the U.S. at least as fast as during the Great Depression – if not faster. To suggest that this implies “moderation” is simply stupidity, from people who have absolutely no understanding of basic arithmetic...

...There is absolutely no comparison to be made between the current economic collapse in the U.S. and any other economic event of the last century – including the “Great Depression”. U.S. housing prices are falling more than three times as fast as during the worst of the Great Depression, while debt levels are at least ten times greater (for both individuals and governments)...

...There is no U.S. “economic recovery”. There will be no U.S. “economic recovery”. Stop listening to the liars and idiots, and protect yourself from what lies ahead...

And from the article referenced in this one, we have these points:

U.S. economy to lose 20 MILLION jobs this year

...according to Bloomberg, the U.S. government is about to make the fraudulent announcement that only 660,000 jobs were lost in March – equal to one week's lay-offs.

Admittedly the weekly number only reports lay-offs, not net job losses (lay-offs minus new jobs created). However, for the Bloomberg estimate to be realistic, the U.S. economy would have had to create over 2 million jobs in March.

This idea is so ludicrous, it goes without saying it has a zero probability of being true. A very generous estimate is that there could possibly have been close to a million new positions created (or people recalled from lay-off). Thus, the best case scenario for U.S. job losses for the month of March would be a total of 2 million jobs lost – not the absurd lie that only 660,000 Americans lost their jobs...

...In other words (barring a huge surprise in Friday's announcement), the U.S. government would have under-reported job losses by roughly 3.5 million jobs – in just two months...

...The U.S. government is so desperate to hide the severity of the U.S. economic collapse, that it has gone past the point of plausible exaggeration to ridiculous fiction...

This writer is Canadian, class. Economists with other governments are not buying the bologna being spewed by the US government, which is why they are quietly declining to buy US Treasuries and trying to figure out how to get rid of their Dollar reserves, and making arrangements (such as Russia and China are hammering out an agreement to do) that will bypass the US Dollar completely in their business dealings. And the US Government knows they aren't buying it.

Latest Schultz Shock: a 'bank holiday'
Commentary: A leading newsletter paints a grim picture of the future
Peter Brimelow
Jun 24, 2009, 1:35 a.m. EST

NEW YORK (MarketWatch) -- The top-performing letter that predicted the Crash of 2008 now predicts a confiscatory Franklin D. Roosevelt-style "bank holiday."

...The Harry Schultz Letter (HSL) was my pick for Letter of the Year in 2008 because it really did predict what it rightly called a coming "financial tsunami."

...In its current issue, HSL reports rumors that "Some U.S. embassies worldwide are being advised to purchase massive amounts of local currencies; enough to last them a year. Some embassies are being sent enormous amounts of U.S. cash to purchase currencies from those governments, quietly. But not pound sterling. Inside the State Dept., there is a sense of sadness and foreboding that 'something' is about to happen ... within 180 days, but could be 120-150 days."

Yes, yes, it's paranoid. But paranoids have enemies -- and the Crash of 2008 really did happen.

HSL's suspicion: "Another FDR-style 'bank holiday' of indefinite length, perhaps soon, to let the insiders sort out the bank mess, which (despite their rosy propaganda campaign) is getting more out of their control every day. Insiders want to impose new bank rules. Widespread nationalization could result, already underway. It could also lead to a formal U.S. dollar devaluation, as FDR did by revaluing gold (and then confiscating it)."

These are not things that our communities should ignore.

One, we need to relocalize production of all the everyday items we need for our homes and businesses and not rely on imports, which in the near future may not be forthcoming.

Two, we need to stop thinking the government is going to take care of the unemployment problem - they can't and won't. We need to employ each other in our own communities, and design our own relief efforts for the unemployed. Government benefits don't last forever and are in danger of not being available at all.

Three, we can't ignore anymore what is going on in the "outside world," because it very much affects us. We need to have sufficient education and sufficient news reporting in our communities to make these issues clear. Ignoring these problems will not make them go away, class. Those who rely on welfare, social security, grants and such for any part of their daily life need to be making other arrangements, not sticking their heads in the sand and hoping money will fall from the sky.

It never has, and never will.

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