Jan 07

Robert-Freniere
Robert Freniere in the van where he lives. “He’s done a lot of things. . . . He’s got the gift of gab. Very smart,” said Adm. James Hogg, who officiated at Freniere’s retirement.

- Retired Air Force Colonel With Three Graduate Degrees Is Homeless And Sleeps In A Van (Economic Collapse, Jan 6, 2014):

What advice would you give to a retired Air Force Colonel that has three graduate degrees and that cannot even find work as a janitor?  59-year-old Robert Freniere once served as a special assistant to General Stanley McChrystal, and he has spent extensive time in both Iraq and Afghanistan.  But now this man who once had an office in the heart of the Pentagon cannot find anyone who will hire him.  In addition to his story, in this article you will also hear about several other middle-aged professionals that cannot find work in this economy either.  Despite what the Obama administration and the mainstream media are telling you, the truth is that there has been no employment recovery in this country.  What you are about to read is absolutely heartbreaking, but it represents the reality of what is really going on out there in the streets of America today.

A lot of unemployed Americans believe that they cannot find work because they don’t have enough “education” or enough “experience”.  Well, the truth is that there are a whole lot of people out there like Freniere that have lots of both and still can’t even get hired as a janitor: Continue reading »

Tags: , , , , ,

Dec 31

- Poverty In Italy Rises To All Time High (ZeroHedge, Dec 31, 2013):

What can one say but: “because of the recovery?”

Italy-poverty

As Italy’s ISTAT reported yesterday, poverty in Italy has reached its highest level in at least 16 years “as the economic crisis has bitten, driving up unemployment and cutting wages, according to a report on social cohesion issued on Monday. Relative poverty, defined as a family of two living on a monthly income of 991 euros (847.61 pounds) or less, affected 12.7 percent of families, the highest level recorded since the current series of data began in 1997, the report by statistics agency ISTAT said.”

It was immediately unclear if this beat expectations of a 13% print, and thus was bullish for the Stalingrad and Propaganda 500.

The report, a compendium of data on issues ranging from employment to demographics, said poverty had deepened in all areas of Italy between 2011 and 2012. Relative poverty rose from 4.9 percent to 6.2 percent in the richer north and from 23.3 percent to 26.2 percent in the poorer south.

More from Reuters:

The report painted a grim picture of the impact of the country’s worst post-war recession, with joblessness at record levels, incomes squeezed and permanent, full-time employment declining. “As one of the countries most affected by the crisis, Italy registered a progressive decline in the main macroeconomic and social indicators in 2012,” Labour Minister and former ISTAT chief Enrico Giovannini said in the introduction to the report.

“Nonetheless social cohesion has held up, enabling the country to support sacrifices aimed at recovering financial stability and passing important reforms,” he said.

Well as long as “social cohesion” has held up, i.e., no civil war has broken out yet, all is well. Then again, some disagree: Continue reading »

Tags: , , , , ,

Dec 30

- Americans React To End Of Jobless Benefits: “I Just Don’t Know What To Do, Except Pray” (ZeroHedge, Dec 29, 2013):

It’s going to put my family and me out on the streets,” is a perspective shared by many of the 1.3 million Americans about to lose their emergency unemployment claims. The program, started during the recession, was intended to help jobless people after they exhausted state benefits, typically lasting six months. House Republicans resisted continuing the benefits without budget cuts elsewhere to cover the cost. As Bloomberg reports, opponents say the extended benefits discourage the unemployed from accepting jobs and that the program should be curtailed, given the recovery in the nation’s labor market.

Via Bloomberg,

It lacks compassion for the victims of the recession and, economically, it’s shooting ourselves in the foot,” said Lawrence Mishel, the president of the Economic Policy Institute in Washington, which backs policies that help low-income workers. “The timing is very premature. The evidence is that people who want work can’t find it.”

Continue reading »

Tags: , , , , ,

Dec 29

FYI.

Related info:

- 1 Million US Jobless To Lose Financial Aid



YouTube Added: Dec 27, 2013

Tags: , , , , , , , , , , , , , , , ,

Dec 24

- Charts: The Worst Long-Term Unemployment Crisis Since the Depression (Bill Moyers, Dec 24, 2013):

Officially, the Great Recession of 2007 ended in June 2009. Yet the economic downturn remains in full effect for millions of Americans, particularly the nearly 40 percent of the unemployed who have been looking for work for six months or more.

In less than a week, emergency federal unemployment benefits for 1.3 million of these jobless Americans are set to run out. Proponents of ending the benefits argue that the economy is expanding and that the benefits prevent people from finding work. “You get out of a recession by encouraging employment not encouraging unemployment,” according to Sen. Rand Paul (R-KY), who opposes extending benefits. However, the data shows that while corporate America has bounced back, it is not restoring all the jobs it shed when the economy tanked five years ago.

Continue reading »

Tags: , , , , ,

Dec 23

New-World-Order-13

- On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever (Economic Collapse, Dec 22, 2013):

December 23rd, 1913 is a date which will live in infamy.  That was the day when the Federal Reserve Act was pushed through Congress.  Many members of Congress were absent that day, and the general public was distracted with holiday preparations.  Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don’t know what it actually is or how it functions.  But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems.

Since the Federal Reserve was created, there have been 18 recessions or depressions, the value of the U.S. dollar has declined by 98 percent, and the U.S. national debt has gotten more than 5000 times larger.  This insidious debt-based financial system has literally made debt slaves out of all of us, and it is systematically destroying the bright future that our children and our grandchildren were supposed to have.

If nothing is done, we are inevitably heading for a massive amount of economic pain as a nation.  So please share this article with as many people as you can.

The following are 100 reasons why the Federal Reserve should be shut down forever: Continue reading »

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,

Dec 17

worthman

- Eyewitness to Hitler Warns Americans: “Keep your guns. Keep your guns and buy more guns” (The Daily Sheeple, Dec 17, 2013):

When Katie Worthman was a little girl in Austria, she witnessed firsthand Adolph Hitler’s rise to power and the Soviet communist occupation that followed.  She also witnessed, for decades, the distortions of the media when it came to the reporting of the events.

From her eyewitness perspective, Worthman said that the whole thing didn’t happen overnight, in a brutal attack, like the media portrays it, but rather, it evolved into a dictatorship gradually, over a period of a few years.  Hitler didn’t come across as someone evil, to be feared, initially.  ”In the beginning, Hitler didn’t look like, or talk like a monster at all. He talked like an American politician.”

Here are some things that occurred in Austria, according to Worthman, that just might look familiar to Americans: Continue reading »

Tags: , , , , , , , , , , , ,

Dec 17

83-Signs

- 83 Numbers From 2013 That Are Almost Too Crazy To Believe (Economic Collapse, Dec 17,2013):

During 2013, America continued to steadily march down a self-destructive path toward oblivion.  As a society, our debt levels are completely and totally out of control.  Our financial system has been transformed into the largest casino on the entire planet and our big banks are behaving even more recklessly than they did just before the last financial crisis.  We continue to see thousands of businesses and millions of jobs get shipped out of the United States, and the middle class is being absolutely eviscerated.  Due to the lack of decent jobs, poverty is absolutely exploding.  Government dependence is at an all-time high and crime is rising.  Evidence of social and moral decay is seemingly everywhere, and our government appears to be going insane.  If we are going to have any hope of solving these problems, the American people need to take a long, hard look in the mirror and finally admit how bad things have actually become.  If we all just blindly have faith that “everything is going to be okay”, the consequences of decades of incredibly foolish decisions are going to absolutely blindside us and we will be absolutely devastated by the great crisis that is rapidly approaching.  The United States is in a massive amount of trouble, and it is time that we all started facing the truth.

The following are 83 numbers from 2013 that are almost too crazy to believe: Continue reading »

Tags: , , , , , , , , , , , ,

Dec 11

Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- More Misleading Official Employment Statistics (Paul Craig Roberts, Dec 10, 2013):

Dear Readers,

Readership has doubled, but donations in response to the current quarterly request are less than when the site had far fewer readers.

Perhaps I have had my 15 minutes of fame and it is time to retire.

Writing these columns does not benefit me. I already know the information that I provide to you, and the establishment has many ways of penalizing a person who doesn’t support the spin.

Remember, this is your site. It will stay up as long as you support it.
PCR

More Misleading Official Employment Statistics

Paul Craig Roberts

The payroll jobs report for November from the Bureau of Labor Statistics says that the US economy created 203,000 jobs in November. As it takes about 130,000 new jobs each month to keep up with population growth, if the payroll report is correct, then most of the new jobs would have been used up keeping the unemployment rate constant for the growth in the population of working age persons, and about 70,000 of the jobs would have slightly reduced the rate of unemployment. Yet, the unemployment rate (U3) fell from 7.3 to 7.0, which is too much for the job gain. It seems that the numbers and the news reports are not conveying correct information.

Continue reading »

Tags: , , , , , , , , , , ,

Dec 09

You can’t make this stuff up!



- Pelosi: Extending Unemployment ‘One of Best Ways to Grow the Economy’ (CNC, Dec 6, 2013):

Almost 11 million people couldn’t find a job in November, and for those who don’t earn a paycheck, unemployment benefits work for the economy, too, a leading Democrat says.

“Economists agree that unemployment benefits remain one of the best ways to grow the economy in a very immediate way,” House Minority Leader Nancy Pelosi (R-Calif.) said at a news conference on Thursday.

She spoke after Democrats held a hearing on the impending expiration of unemployment benefits — an “essential lifeline that millions of Americans and their families depend on,” Pelosi said.

Witnesses at Thursday’s hearing spoke “passionately” about the 1.3 million Americans who will lose the federal unemployment compensation on December 28 — “right in the middle of the holidays,” Pelosi said. And she said 1.9 million more Americans will lose their state benefits in the first half of next year.

“So it is absolutely essential that we extend the benefits.” Pelosi said she’d like to see unemployment insurance included in a budget bill — “but it could be separate from that as well.”
Continue reading »

Tags: , , , , , , , ,

Dec 09

- 37 Reasons Why “The Economic Recovery Of 2013″ Is A Giant Lie (Economic Collapse, Dec 8, 2013):

“If you repeat a lie often enough, people will believe it.”  Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy.  They seem to believe that if they just keep telling the American people over and over that things are getting better, eventually the American people will believe that it is actually true.  On Friday, it was announced that the unemployment rate had fallen to “7 percent”, and the mainstream media responded with a mix of euphoria and jubilation.  For example, one USA Today article declared that “with today’s jobs report, one really can say that our long national post-financial crisis nightmare is over.”  But is that actually the truth?  As you will see below, if you assume that the labor force participation rate in the U.S. is at the long-term average, the unemployment rate in the United States would actually be 11.5 percent instead of 7 percent.  There has been absolutely no employment recovery.  The percentage of Americans that are actually working has stayed between 58 and 59 percent for 51 months in a row.  But most Americans don’t understand these things and they just take whatever the mainstream media tells them as the truth.

Continue reading »

Tags: , , , , , , , , ,

Dec 07

And now back to reality:

- Are Another 1.3 Million Americans About To Drop Out Of Labor Force (And Send Unemployment Plunging)?

- The Real Unemployment Rate In The U.S. Is At Least 30%

- Fake Employment Numbers – And 5 More Massive Economic Lies The U.S. Government Is Telling You

- Recovery In The US: Widest Gap In Employment Rates Between Rich, Poor Since Records Began

- 80% Of US Adults Are Near Poverty, Rely On Welfare, Or Are Unemployed


- Unemployment rate falls to five-year low of 7% as 203,000 jobs added; Dow soars 199 points (NY Daily News, Dec 6, 2013):

Employers were hard at work hiring in November, signaling the labor market’s gradual healing continues.

U.S. payrolls expanded by 203,000, the Labor Department reported on Friday, a total well above the gain of 180,000 economists had forecast.

The jobless rate, meanwhile, dropped to a five-year low of 7.0%. It had been expected to tick down to 7.2% from 7.3% in October.

The report also showed about 8,000 more jobs were added to payrolls in September and October than previously thought.

Stocks shot sharply higher on the news, snapping a five-session losing streak. The Dow rocketed nearly 200 points, or 1.3% higher, to close at 16,020.

Tags: , , , , , ,

Dec 02

- Are Another 1.3 Million Americans About To Drop Out Of Labor Force (And Send Unemployment Plunging)? (ZeroHedge, Dec 2, 2013):

With even the Fed somewhat challenging the credibility of the official unemployment rate – as labor force participation collapses structurally – the possibility that if Congress does not act by Dec 28th, a further 1.3 million people will lose emergency aid and may be deemed ‘out’ of the labor force merely exaggerates an already farcical situation. As JPM’s Mike Feroli notes, the “official” unemployment rate may drop up to 0.8 percentage points, but it won’t mean the economy is any better. Is this the ‘excuse’ the Fed needs to transition from QE to forward guidance (with the public seeing only a rapidly collapsing unemployment rate as evidence of their success) even as the data that they are so “dependent” on becomes worse than useless?

As we warned in November, the only two charts that matter ahead of Friday’s likely distorted nonfarm payrolls report.

First, the labor force participation rate, which plunged from 63.2% to 62.8% - the lowest since 1978!

But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US history.

At this pace the people out of the labor force will surpass the working Americans in about 4 years.

And if the Congress does not pass the bill to extend emergency aid – set to expire Dec 28th – then up to 1.3 million more people will be added to that list of 91.5 million already our of the labor force (and another 800,000 more to come in further months)…

This has profound implications for the oh-so-important unemployment rate that  the Fed is so dependent upon… Continue reading »

Tags: , , , , , , , , ,

Nov 29

- Europe’s Peak Youth Unemployment Gets Peak-er (ZeroHedge, Nov 29, 2013):

Despite a ratings ‘upgrade’ Spain’s youth unemployment rate has re-surged to a record 57.4% (just below that of Greece which still tops the scary chart list at 58%). Italy and Portugal also saw notable rises (despite the former’s record low short-dated bond yields) at 41.2% and 36.5% respectively. Ireland and France saw modest improvements but overall the Euro-zone’s youth unemployment just keeps rising. In spite of all the rhetoric from Merkel, Van Rompuy, and Barroso, 24.4% of Europe’s under-25 population is unemployed

Tags: , , , , , , , , , , , ,

Nov 28

- Real Unemployment Rate Is Over 30% (Freedom Outpost, Nov 24, 2013):

What would you say if I told you that the real unemployment rate in America is at least 30%? Would you call me a tin foil hat conspiracy theorist? Hear me out because I can back up that claim if you will give me a few minutes of your time.

The official unemployment number for last month was 7.3%. A lot of Americans don’t understand how this number is calculated and it is very misleading.

The Bureau of Labor Statistics tracks six official unemployment rates as follows:

  • U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force
  • U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
  • U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)
  • U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
  • U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force
  • U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force

(Source: Bureau of Labor Statistics)

When we speak of a 7.3% official unemployment rate for October of 2013 those numbers are based on U-3. The U-6 number was dramatically higher at 13.8%. Those are not my numbers. That number comes directly from the Bureau of Labor Statistics.

The government doesn’t want to use this 13.8% number because they are afraid how the American people might react.

But what if I told you that the 13.8% number is still way too low? I am not even referencing any Census Bureau cheaters. I am telling you that these numbers are skewed whether Census workers are fudging numbers or not.

I want to show you a chart and I want you to soak it in as much as possible. Take your time because this is something your government will not tell you. The chart is from June but the numbers are pretty close to where they are today. Continue reading »

Tags: , , , , , , ,

Nov 20

- Fake Employment Numbers – And 5 More Massive Economic Lies The Government Is Telling You (Economc Collapse, Nov 19, 2013):

According to a whistleblower that has recently come forward, Census employees have been faking and manipulating U.S. employment numbers for years.  In fact, it is being alleged that this manipulation was a significant reason for why the official unemployment rate dipped sharply just before the last presidential election.  What you are about to read is incredibly disturbing.  The numbers that the American people depend upon to make important decisions are being faked.  But should we be surprised by this?  After all, Barack Obama has been caught telling dozens of major lies over the past five years.  At this point it is incredible that there are any Americans that still trust anything that comes out of his mouth.  And of course it is not just Obama that has been lying to us.  Corruption and deception are rampant throughout the entire federal government, and this has been the case for years.  Now that some light is being shed on this, hopefully the American people will respond with overwhelming outrage and disgust.

The whistleblower that I mentioned above has been speaking to John Crudele of the New York Post.  In his new article entitled “Census ‘faked’ 2012 election jobs report“, he says that the huge decline in the unemployment rate in September 2012 was “manipulated”… Continue reading »

Tags: , , , , , , , , , , , ,

Nov 08

- 623,000 Full Time Jobs Lost Last Month (ZeroHedge, Nov 8, 2013):

So much for the surge in 691,000 full-time jobs in September. One short month later, indicating just what a farce the BLS’s sampling process is, while the algo frenzy-inducing establishment survey showed a gain of 204,000 workers, the household survey had some other ideas. True, the headline household survey number rose by an almost identical 213,000 workers, however it is when trying to foot that number into the actual components, when one gets a headache. Because according to the same survey, a whopping 623,000 full-time workers (supposedly government) lost their jobs in October, nearly offsetting the entire 691,000 gain the month before which it turns out was purely for Obamacare (now hopelessly damaged) optics.Ok, so to add up to the headline number at least part-time jobs should have soared right? Wrong. Because according to the BLS another 127K part-time jobs were lost in the month, for a total of 750K full- and part-time losses. In other words, the BLS’ random number generator was working on overdrive once again.

Source: BLS

Tags: , , , , , , ,

Nov 01

- All-Time High Unemployment: The Economic Depression In Europe Just Keeps Getting Deeper (Economic Collapse, Oct 31, 2013):

The unemployment rate in the eurozone is higher than it has ever been before.  This week we learned that eurozone unemployment came in at an all-time high of 12.2 percent for September.  Back in January 2012, it was sitting at just 10.4 percent.  So anyone that believes that “things are getting better” in Europe is just being delusional.  In fact, the economic depression in Europe just keeps getting deeper.  The funny thing is that the mainstream media will barely call what is going on in Europe a “recession” even though the unemployment rates in both Spain and Greece are now much higher than anything that the United States ever experienced during the “Great Depression” of the 1930s.  There haven’t been as many headlines about the financial crisis in Europe lately because the ECB has been papering over the debt problems of the periphery (at least for the moment), but the economic conditions on the ground for average Europeans just continue to get even worse.  Later on in this article, you will read about a 25-year-old Spanish man with three college degrees that moved to London in a desperate search for a job who is now cleaning up poop for a living.  The economic collapse of Europe continues to march on, and there is no end in sight.

All you have to do is look at the latest unemployment numbers to realize that things are getting worse in Europe. Continue reading »

Tags: , , , , , , , , , , , , ,

Oct 25

- French Unemployment Surges As Another “Technical Glitch” Crushes Hopes Of Recovery (ZeroHedge, Oct 24, 2013):

When France released its August Jobseekers data in August, and it beat expectations dramatically reversing the trend of ongoing malaise with little to no supporting evidence of ‘why’, we were skeptical. Fast forward one month and we are almost speechless in that not only are European PMIs rolling over just as we warned but the French jobs data is totally screwed up as yet another technical glitch meant 20,000 ‘text’ messages that went unreplied were responsible for the entire improvement. French Labor Minister Michel Sapin is back tracking fast, admitting pre-emptively that “September’s data won’t be good… due to the ‘statistical incident’.” The 50k drop last month has been was bettered by a 60k rise to a new record high for French unemployment.

Continue reading »

Tags: , , , ,

Oct 15

- 22 Reasons To Be Concerned About The U.S. Economy As We Head Into The Holiday Season (Economic Collapse, Oct 14, 2013):

Are we on the verge of another major economic downturn?  In recent weeks, most of the focus has been on our politicians in Washington, but there are lots of other reasons to be deeply alarmed about the economy as well.  Economic confidence is down, retail sales figures are disappointing, job cuts are up, and American consumers are deeply struggling.  Even if our politicians do everything right, there would still be a significant chance that we could be heading into tough economic times in the coming months.  Our economy has been in decline for a very long time, and that decline appears to be accelerating.  There aren’t enough jobs, the quality of our jobs continues to decline, our economic infrastructure is being systematically gutted, and poverty has been absolutely exploding.  Things have gotten so bad that former President Jimmy Carter says that the middle class of today resembles those that were living in poverty when he was in the White House.  But this process has been happening so gradually that most Americans don’t even realize what has happened.  Our economy is being fundamentally transformed, and the pace of our decline is picking up speed.

The following are 22 reasons to be concerned about the U.S. economy as we head into the holiday season:

Continue reading »

Tags: , , , , , , , , ,

Sep 17

- Gap in employment rates between rich, poor at widest levels in records dating back a decade (AP, Sep 16, 2013):

The gap in employment rates between America’s highest- and lowest-income families has stretched to its widest levels since officials began tracking the data a decade ago, according to an analysis of government data conducted for The Associated Press.

Rates of unemployment for the lowest-income families _ those earning less than $20,000 _ have topped 21 percent, nearly matching the rate for all workers during the 1930s Great Depression.

Continue reading »

Tags: , , , , , , , , ,

Sep 08

- The Number Of Private Sector Jobs Fell By 278,000 Last Month But The Economy Is Getting Better? (Economic Collapse, Sep 7, 2013):

Have you heard about the “wonderful” employment numbers that were just released?  Last month, the unemployment rate declined to 7.3 percent.  Somehow this happened even though the percentage of working age Americans with a job actually declined and the number of private sector workers fell by 278,000.  So how did the federal government magically produce a drop in the unemployment rate even though less people have jobs?  Well, they did it by pretending that more than half a million Americans “dropped out of the labor force” last month.  If the government is to be believed, the number of Americans that want to work dropped by an astounding 516,000 in a single month even though the population of our country is constantly increasing.  The federal government continues to feed us absolutely absurd numbers month after month, and at this point “the official unemployment rate” is essentially meaningless.

But that doesn’t mean that Barack Obama is about to drop the charade.  In fact, he continues to insist that the economy is getting better.  The following is an excerpt from one of Obama’s recent weekly radio addresses

Over the past four and a half years, we’ve fought our way back from the worst recession of our lifetimes. And thanks to the grit and resilience of the American people, we’ve begun to lay a foundation for stronger, more durable economic growth.

Oh really?

Does he actually believe that anyone is still buying what he is saying? Continue reading »

Tags: , , , , , , ,

Sep 05

The worst is over???

This (total) collapse has really only just begun.


- Spain youth unemployment reaches record 56.1% (Guardian, Aug 30, 2013):

Number of young Spaniards belonging to ‘lost generation’ is up 2% since June, despite government claims that the worst is over

Youth unemployment in Spain has reached a new high of 56.1%, a quarter of the 3.5 million under-25s jobless across the eurozone, according to the latest Eurostat figures.

The number of young Spaniards belonging to what has become known as the lost generation is up 2% since June to 883,000. Only Greece has a higher percentage of young people out of work, at 62.9%.

Among adult males, Spain has the highest unemployment at 25.3%, higher even than Greece. Despite the government’s claims that the worst has passed and that employment reforms will encourage firms to hire, the figures suggest it will be a long time before any upturn in the economy is reflected in a declining jobless rate. With the holiday season coming to a close, the numbers are likely to rise as workers on seasonal contracts go back on the dole.

Continue reading »

Tags: , , , , , , , , , ,

Aug 09

I wish I could say the same about donations here at Infinite Unknown.

The last donation has been in March 2013. And there have only been 3 donations this year so far.

But one thing’s for sure, Dr. Paul Craig Roberts deserves every dollar of these donations and a lot more for his work.

See also:

- Dr. Paul Craig Roberts: The American People Have Suffered A Coup D’Etat


Dr. Paul Craig Roberts was Assistant Secretary of the Treasury during President Reagan’s first term. He was Associate Editor of the Wall Street Journal. He has held numerous academic appointments, including the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University, and Senior Research Fellow, Hoover Institution, Stanford University.

- The “New Economy” Is The No Jobs Economy (Paul Craig Roberts, Aug 5, 2013):

Dear Readers,

I am flattered by the traffic on this site, and by the generosity of donors from across the United States–large cities and small villages–and the world. We have donations from Indonesia, Russia, Taiwan, Hong Kong, Mexico, most countries in Europe and from Canada, Australia, and New Zealand. It is exciting to me that people from around the world realize the stakes and seek better information than the media, public officials, and corporations provide.

It is encouraging that people around the world ask my permission to translate my columns into their languages and post them on their websites. My columns even appear in Azerbaijan.

Continue reading »

Tags: , , , , , , , , , , , , ,

Aug 04



- Alternate Unemployment Charts (Shadow Government Stats, By John Williams):

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

- If You Think The Employment Numbers Are Good, Then You Really Need To Read This Article (Economic Collapse, Aug 2, 2013):

Do you actually believe that the employment numbers are getting better?  Do you actually believe that there is a bright future ahead for American workers?  If so, then you really need to read this article.  The truth is that we are in the midst of the worst employment crisis since the Great Depression, and there has been absolutely no employment recovery.  In fact, the percentage of working age Americans that are employed is just about exactly where it was during the darkest days of the last recession.  But the mainstream media is not telling you this.  The mainstream media is instead focusing on the fact that the official “unemployment rate” declined from 7.6% in June to 7.4% in July.  That sounds like great news, but when you take a deeper look at the employment numbers some very disturbing trends emerge.

Over the past several years, almost the entire decline in the unemployment rate can be accounted for by people “leaving the workforce”. The “unemployment rate” has not been going down because people are actually getting jobs.  Rather, the “unemployment rate” has been going down because the government has been pretending that millions upon millions of American workers simply do not want jobs anymore.  This is extremely misleading.

Continue reading »

Tags: , , , , ,

Jul 30

- 44 Facts About The Death Of The Middle Class That Every American Should Know (Economic Collapse, July 30, 2013):

What is America going to look like when the middle class is dead?  Once upon a time, the United States has the largest and most vibrant middle class in the history of the world.  When I was growing up, it seemed like almost everyone was “middle class” and it was very rare to hear of someone that was out of work.  Of course life wasn’t perfect, but most families owned a home, most families had more than one vehicle, and most families could afford nice vacations and save for retirement at the same time.  Sadly, things have dramatically changed in America since that time.  There just aren’t as many “middle class jobs” as there used to be.  In fact, just six years ago there were about six million more full-time jobs in our economy than there are right now.  Those jobs are being replaced by part-time jobs and temp jobs.  The number one employer in America today is Wal-Mart and the number two employer in America today is a temp agency (Kelly Services).  But you can’t support a family on those kinds of jobs.  We live at a time when incomes are going down but the cost of living just keeps going up.  As a result, the middle class in America is being absolutely shredded and the ranks of the poor are steadily growing.

The following are 44 facts about the death of the middle class that every American should know… Continue reading »

Tags: , , , , , ,

Jul 29

- Alarming number of US citizens face poverty, 80% suffer joblessness – report (RT, July 29, 2013):

Four out of five US adults come to grips with joblessness, near-poverty or reliance on welfare for at least some parts of their lives. Over 41 percent of the nation’s poor are whites, according to a new report.

In 2011, 46.2 million people in the US were living in poverty and the nation’s official poverty rate was 15 percent, up from 14.3 percent in 2009, according to the US Census Bureau. That figure appears to be the highest number seen in the 52 years for which poverty estimates have been recorded.

Although poverty rates for blacks and Hispanics are proportionately nearly three times higher, by absolute numbers the predominant face of the poor is white, the latest report shows. Economic insecurity among whites is said to be more common than is shown in the government’s poverty data, engulfing over 76 percent of white adults by the time they turn 60, according to a new economic gauge being published next year by Oxford University Press.

Continue reading »

Tags: , , , , , ,

Jul 28

80% Of US Adults Are Near Poverty, Rely On Welfare, Or Are Unemployed (ZeroHedge, July 28, 2013):

Despite consumer confidence at a six-year high, the latest AP survey of the real America shows a stunning four out of five U.S. adults struggle with joblessness, are near poverty, or rely on welfare for at least parts of their lives amid signs of deteriorating economic security and an elusive American dream. Hardship is particularly on the rise among whites, based on several measures. Pessimism among whites about their families’ economic futures has climbed to the highest point since at least 1987.

“Poverty is no longer an issue of ‘them’, it’s an issue of ‘us’,” as ‘the invisible poor’ – lower income whites – are generally dispersed in suburbs (Appalachia, the industrial Midwest, and across America’s heartland, from Missouri, Arkansas and Oklahoma up through the Great Plains) where more than 60% of the poor are white.

More than 19 million whites fall below the poverty line of $23,021 for a family of four – accounting for more than 41% of the nation’s destitute – nearly double the number of poor blacks and as one survey respondent noted “I think it’s going to get worse.”

Via AP,

Hardship is particularly on the rise among whites, based on several measures. Pessimism among that racial group about their families’ economic futures has climbed to the highest point since at least 1987. In the most recent AP-GfK poll, 63 percent of whites called the economy “poor.”

Continue reading »

Tags: , , , , , , , , , ,

Jul 26

- It Is Happening Again: 18 Similarities Between The Last Financial Crisis And Today (Economic Collapse, July 25, 2013):

If our leaders could have recognized the signs ahead of time, do you think that they could have prevented the financial crisis of 2008?  That is a very timely question, because so many of the warning signs that we saw just before and during the last financial crisis are popping up again.  Many of the things that are happening right now in the stock market, the bond market, the real estate market and in the overall economic data are eerily similar to what we witnessed back in 2008 and 2009.  It is almost as if we are being forced to watch some kind of a perverse replay of previous events, only this time our economy and our financial system are much weaker than they were the last time around.  So will we be able to handle a financial crash as bad as we experienced back in 2008?  What if it is even worse this time?  Considering the fact that we have been through this kind of thing before, you would think that our leaders would be feverishly trying to keep it from happening again and the American people would be rapidly preparing to weather the coming storm.  Sadly, none of that is happening.  It is almost as if they cannot even see the disaster that is staring them right in the face.  But without a doubt, disaster is coming.

The following are 18 similarities between the last financial crisis and today…

Continue reading »

Tags: , , , , , , , , , , , , , ,

Jul 20

- Worldwide Unemployment Crisis: There Are 93 Million Unemployed Workers In G20 Nations (Economic Collapse, July 19, 2013):

Did you know that the total number of unemployed workers in G20 counties is now up to 93 million and that it is increasing with each passing day?  You see, the truth is that the United States is not the only one dealing with a systemic unemployment crisis.  This is literally happening all over the planet.  So what is causing this crisis?  Is there any hope that it will be turned around?  Well, unfortunately there are several long-term trends that have been developing for decades that have played a major role in bringing us to this point.  First of all, the giant corporations that now totally dominate the global economy have figured out that they can make a lot more money by replacing expensive workers that live in major industrialized nations with workers that live in nations where it is legal to pay slave labor wages.  So it isn’t really a huge mystery why there is such a huge problem with unemployment in the western world.  If you were running a giant corporation, why would you want to hire workers that will cost you 10 to 20 times as much as other workers?  A worker is a worker, and over the past decade we have seen a massive movement of jobs to countries where labor is cheaper.  In addition, large corporations are also trying to completely eliminate as many jobs as they can by using technology.  If a corporation can get a computer or a machine or a robot to do a task more cheaply than a human worker can do it, then why would that corporation want to continue to rely on human labor?  And of course we have seen an overall weakening of the economies of the western world in recent years as well.  This has been particularly true in the United States.  As these long-term trends intensify, the worldwide unemployment crisis is going to get even worse.

In fact, the director general of the International Labor Organization is fully convinced that unemployment is going to continue to rise in G20 nations.  Just check out what he told CNBC on Friday… Continue reading »

Tags: , , , ,