Dr. Paul Craig Roberts deconstructs THE JEWISH WAR On... AMERICANS.
Simply realize that JUDEO ethnic, religious, cultural, and tribal SUPREMACY - the rise of judeo "elites" to COMPLETELY SATURATE the TOP LEVELS in ALL categories of American leadership - financial, academic, government, press/media, art, entertainment, culture, etc. -
and that this ethnic/cultural/governmental/academic/financial JUDEO SUPREMACY is _THE MAIN INGREDIENT_ in the despicable "Neo-Con" WARMONGERS + FINANCIAL CRIMINALS agenda when you read his exceptional commentary:
THE JEWS in ISRAEL & America are the ones PUSHING THE SYRIAN WAR - however much the COWARDLY, LYING, TREASONOUS JEW WARMONGERS try to HIDE behind the SAUDIS in this insane, genocidal, FUND, INSTIGATE, & COORDINATE AL QAEDA TERRORIST MASSACRES & ETHNIC CLEANSING -
and so too are the GODDAMN-SACHS and 'Fed' financial PARASITES - Alan Greenspan, Ben Bernanke, Janet Yellen, BOB RUBIN, HANK PAULSON, and their proteges Larry Summers, Tim Geithner, Jacob Lew, et al - all of these INSIDER TRADING, MONOPOLY EXTORTION, pump & dump FINANCIAL RAPISTS are at the APEX of America's predatory, parasitic, ECONOMIES DESTROYING FINANCIAL CRIMES....
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by Dr. Paul Craig Roberts, Prison Planet.com
October 24, 2013
The year 2014 could be shaping up as the year that the chickens come home to roost.
![As Ye Sow, So Shall Ye Reap 241013reap]( "As Ye Sow, So Shall Ye Reap Photo")
Americans, even well-informed ones, don’t know all of the mistakes made by neoconized and corrupted Washington in the past two decades. However, enough is known to see that the US has lost economic and political power, and that the loss is irreversible.
The economic cost of this lost will be born by what remains of the middle class and the increasingly poverty-stricken lower class. The one percent will have offshore gold holdings and large sums of money in foreign currencies and other foreign assets to see them through.
Instead, influenced by neoconservative warmongers who advocated America using its “sole superpower” status to establish hegemony over the world,
Washington let hubris and arrogance run away with it.
only to find that its military power was insufficient to support its occupation of Iraq, its conquest of Afghanistan, and its financial imperialism.
Nowseen universally as a lawless warmonger and a nuisance
[= neo-con global SABOTEURS!], Washington’s soft power has been squandered.
With its influence on the wane, Washington has become more of a bully. In response, the rest of the world is isolating Washington.
The prime minister of India, Manmohan Singh, recently declared China and Russia to be India’s “most important partners” with whom India shares “common strategic interests.” Prime Minister Singh said: “ India and Russia have always had a convergence of views on global and regional issues, and we value Russia’s perspective on international developments of mutual interest.”
India joined China
China has forcefully called for a “de-Americanized world.” After watching the “superpower” offshore a large part of its GDP to China and then add to the diminished tax base the burden of $6 trillion in wars that brought no booty and served no US interest,
...China has concluded that American power is spent. The London Telegraph thinks “it is only a matter of time before the renminbi replaces the dollar as the primary currency for trading commodities and resources.”
The Obama regime attempted to attack Syria based on the sort of LIES that the Bush regime used to invade Iraq [ = WAR CRIMES! ]
only to be slapped down by the British Parliament and Russian government.
This rebuke was followed by the childishness of the government shutdown and threat of default.
Consequently, the Washington morons have lost their monopoly on economic and political leadership. A few days ago the British government announced a historic agreement that permits British investors direct access to China’s markets and allows Chinese banks to expand their operations in Great Britain.
In Australia, the US dollar will no longer be used as the currency in which to settle the Australian trade accounts with China. Instead of dollars, trade will be settled in the Chinese currency.
Washington served as cheerleader, as did most economists and libertarians, while US corporations, greedy for short-term profits and executive bonuses, offshored US industry and manufacturing, calling it free trade.The obvious and predicted result is that China’s demand for resources needed to fuel its industrial and manufacturing power now dominates markets. This means that the US dollar is being displaced as world currency.
The only market that America dominates is the market for financial fraud.
When industrial, manufacturing, and tradeable professional service jobs are offshored, they take US GDP and tax base with them. The foreign country gets the benefit of the relocated economic activity. Due to the revenues lost from jobs offshoring, there is a large gap between federal revenues and federal expenditures. As Washington’s irresponsible behavior has raised so many doubts about the dollar’s value and the government’s commitment to stand behind its massive debt, foreign countries with trade surpluses with the US are less and less willing to recycle those surpluses into the purchase of US Treasury debt.
Today the two largest holders of US Treasury debt are not investors or even foreign central banks. The two largest holders are the Federal Reserve and the Social Security Trust Fund.
As for those $6 trillion wars, that’s to pay for national defense to protect us from women, children, and village elders in far away countries devoid of air forces and navies, and to provide those recycled taxpayer monies from the military/security complex that find their way into political contributions.
The Wall Street gangsters sighed for relief over the last minute debt ceiling agreement. This shows how short-term Wall Street’s outlook is. All the October agreement did was to push off the crisis to January and February. The “debt ceiling agreement” did not produce a new debt ceiling that would last beyond February, and it did not resolve the large difference between federal revenues and expenditures. In other words, the can was again kicked down the road. A repeat of the October fiasco won’t play well.
Obamacare is causing the premiums on private insurance polices to rise substantially, almost doubling in some situations unless people move to the uncertain exchanges, and Obamacare’s raid on Medicare payroll tax revenues has resulted in a cut in Medicare payments to health care providers. The result is a further reduction in consumer discretionary income and a further drop in the economy.
This in turn means a larger federal budget deficit and the need for the Federal Reserve to purchase more debt.
Another reason the Federal Reserve is faced with increasing, not tapering, quantitative easing (money printing) is the decline in foreign purchases of US Treasury bills, notes, and bonds. As the instruments pay interest that is less than the rate of inflation, holding Treasury debt makes no sense when the dollar’s value and the potential of default are open questions.
According to reports, not only are foreign governments, such as China, ceasing to buy US Treasury debt, China has started to sell off its holdings, substituting gold in the place of US Treasury debt.
This means that the bonds must be purchased by the Fed or interest rates will rise as the increased supply of bonds on the market drives down bond prices. The only way the Fed can purchase a larger supply of bonds is by printing more money, that is, by more quantitative easing.
With the world moving away from using the dollar to settle international accounts, as the Fed prints more dollars the rate at which foreign holders of dollar assets sell off their holdings will rise.
To get out of dollars requires that the dollar proceeds from selling Treasuries, US stocks and US real estate be sold in the currency markets. The selling of dollars drives down the exchange value of the US dollar and results in rising US inflation. The Fed can print money with which to purchase Treasury debt, but it cannot print foreign currencies with which to purchase dollars.
The decline in the dollar’s exchange value and the domestic inflation that results will force the Fed to stop printing. What then covers the gap between revenues and expenditures? The likely answer is private pensions and any other asset that Washington can get its hands on.
Initially, private pensions will be taxed at a rate to recover the tax-free accumulation in the pensions. The second year a national emergency will be used to confiscate some share of pensions. Those relying on the pensions will find themselves with less income. Consumer spending will decline. The economy will worsen. The deficit will widen.
You can see where this is going, and there seems to be no way out. Policymakers, economists, and corporation executives are in denial about the adverse effects of offshoring, which they still, despite all the evidence, maintain is good for the economy. So nothing will be done about offshoring. Republicans will blame the budget deficit on welfare and entitlements, and if those are cut consumer spending will decline further, widening the budget deficit. Inflation will rise as incomes fall, and social cohesion will break down.
Now you know why Homeland Security purchased 1.6 billion rounds of ammunition, enough ammunition to fight the Iraq war for 12 years, has its own para-military force and 2,700 tanks. If you think the “terrorist threat” in America warrants a domestic armed force of this size, you are out of your mind. This force has been assembled to deal with [= EXTERMINATE by judeo KAGONOVICH style Commissar GULAGS and SUMMARY EXECUTIONS] starving and homeless people in the streets of America.
September employment report: According to the Bureau of Labor Statistics (BLS), September brought 148,000 new jobs, enough to keep up with population growth but not reduce the unemployment rate. Moreover, John Williams (shadowstats.com) says that one-third of these jobs, or 50,000 per month on average, are phantom jobs produced by the birth-death model that during difficult economic times overestimates the number of new jobs from business startups and underestimates job losses from business failures. [ = typical jewish BAIT & SWITCH financial flim-flam]
The BLS reports that 22,000 of September’s jobs were new hires by state governments, which seems odd in view of the ongoing state budgetary difficulties.
In the private sector, wholesale and retail trade produced 36,900 new jobs, which seems odd in light of the absence of growth in real median family income and real retail sales.
Transportation and warehousing produced 23,400 new jobs, concentrated in transit and ground passenger transportation. This also seems odd unless the price of gasoline and pinched budgets are forcing people onto public transportation.
Professional and business services accounted for 32,000 jobs of which 63% are temporary help jobs.
So here you have the job picture that the presstitutes, hyping “the jobs gain,” don’t tell you. The scary part of the September job report is that the usual standby, the category of waitresses and bartenders, which has accounted for a large part of every reported jobs gain since I began reporting the monthly statistics, shows job loss. Seven thousand one hundred waitresses and bartenders lost their jobs in September. If this figure is not a fluke, it is bad news. It signals that fewer Americans can afford to eat and drink out.
The unemployment rate that is reported is the rate that does not count as unemployed discouraged workers who are unable to find jobs and cease to look. This favored rate, the darling of the regime in power, the presstitutes, and Wall Street, [ i.e. the JUDEO DOMINATED BAIT & SWITCH FRAUDSTERS] also is not adjusted for the category of “involuntary part-time workers,” those whose hours have been cut back or because they are unable to find a full-time job.
Obamacare, as is widely reported, is causing employers to shift their work forces from full time to part time in order to avoid costs associated with Obamacare. The BLS places the number of involuntary part-time workers at 7,900,000.
The announced 7.2% unemployment rate is a meaningless number. The rate can decline for no other reason than people unable to find jobs drop out of the work force. You are not counted in the work force if you are discouraged about finding a job and no longer look for a job.
The phenomena of discouraged workers shows up in the measure of the labor force participation rate, which has declined in the 21st century. The opportunities for American labor are so restricted that a rising percentage of the working age population have given up looking for jobs.
Yet, the Obama regime, the Wall Street gangsters, and the pressitute media tell us how much better the economic situation is becoming as more small businesses close, as memberships decline in golf clubs, as more university graduates return home to live with their parents, who are drawing down their savings to live, as Fed Chairman [GENOCIDAL Ben "JUDENFETZEN"] Bernanke has made it impossible for them to live on interest payments on their savings.
According to the US census bureau, real median household income in 2012 was $51,017, down 9% from $56,080 in 1999, 13 years ago. In contrast, annual compensation in 2012 for US CEOs broke all records. Two CEOs were paid more than $1 billion, and the worst paid among the top ten took home $100 million. When the presstitutes speak of economic recovery, they mean recovery for the one percent.
America is in the toilet, and the rest of the world knows it. But the [GENOCIDAL] neocon [TRAITORS] who rule in Washington and theirIsraeli allies [judeo Financier PUPPET-MASTERS] are determined that Washington start yet more wars to create LEBENSRAUM for israel [JEWS].
Early in the 21st century the [PRETEND!] 'liberal' Democrat Senator from New York, Chuck Schumer, and I coauthored an article in the New York Times about the adverse effects on the US economy of jobs offshoring. The article caused a sensation. The Brookings Institution in Washington quickly convened a conference which was covered by C-SPAN. C-SPAN rebroadcast the conference several times. During the conference I said that if jobs offshoring continued, the US would be a third world economy in 20 years.
Wall Street quickly shut up Senator Schumer, but I am sticking by my forecast. Indeed, I think we are already there.
Simply realize that JUDEO ethnic, religious, cultural, and tribal SUPREMACY - the rise of judeo "elites" to COMPLETELY SATURATE the TOP LEVELS in ALL categories of American leadership - financial, academic, government, press/media, art, entertainment, culture, etc. -
and that this ethnic/cultural/governmental/academic/financial JUDEO SUPREMACY is _THE MAIN INGREDIENT_ in the despicable "Neo-Con" WARMONGERS + FINANCIAL CRIMINALS agenda when you read his exceptional commentary:
THE JEWS in ISRAEL & America are the ones PUSHING THE SYRIAN WAR - however much the COWARDLY, LYING, TREASONOUS JEW WARMONGERS try to HIDE behind the SAUDIS in this insane, genocidal, FUND, INSTIGATE, & COORDINATE AL QAEDA TERRORIST MASSACRES & ETHNIC CLEANSING -
and so too are the GODDAMN-SACHS and 'Fed' financial PARASITES - Alan Greenspan, Ben Bernanke, Janet Yellen, BOB RUBIN, HANK PAULSON, and their proteges Larry Summers, Tim Geithner, Jacob Lew, et al - all of these INSIDER TRADING, MONOPOLY EXTORTION, pump & dump FINANCIAL RAPISTS are at the APEX of America's predatory, parasitic, ECONOMIES DESTROYING FINANCIAL CRIMES....
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As Ye Sow, So Shall Ye Reap
by Dr. Paul Craig Roberts, Prison Planet.com
October 24, 2013
The year 2014 could be shaping up as the year that the chickens come home to roost.
Image: White House.
[NO: the AMERICAN PEOPLE have been THE ENGINE of AMERICAN ACCOMPLISHMENT & PROSPERITY for centuries; and the good news is - IF we IMPRISON our CORRUPT ECONOMY KILLING PARASITIC 'masters' - WE CAN rebuild our economy AGAIN !! ]
The economic cost of this lost will be born by what remains of the middle class and the increasingly poverty-stricken lower class. The one percent will have offshore gold holdings and large sums of money in foreign currencies and other foreign assets to see them through.
[JUST AS so-called "Liberal Democrat" President Franklin D. Roosevelt's GOLD CONFISCATION ACT of 1933 TARGETED ONLY _MIDDLE-CLASS_ Americans: the hyper-wealthy already had their gold stored OUTSIDE of the USA; in Canada, London, France, Switzerland, etc. FDR may have TALKED about "malefactors of great wealth" - but he was COMPLICIT WITH the FED BANKSTERS and the hyper-wealthy families behind the Fed bank who _INTENTIONALLY DROVE the entire AMERICAN economy IN TO THE GREAT DEPRESSION! ROOSEVELT was actually COMPLICIT and IN BED WITH the RADICAL RIGHT-WING 'FED' FINANCIAL CRIMES and illegal DEBT EXTORTION!]In the political arena, the collapse of the Soviet Union presented Washington with the grand opportunity to reallocate the Pentagon budget to other uses. Part of the reduction could have been returned to taxpayers for their own use. Another part could have been used to improve worn out infrastructure. And another part could have been used to repair and improve the social safety net, thus insuring domestic tranquility. A final, but perhaps most important part, could have been used to begin repaying the Treasury IOUs in the Social Security Trust Fund from which Washington has borrowed and spent $2 trillion, leaving non-marketable IOUs in the place of the Social Security payroll tax revenues that Washington raided in order to fund its wars and current operations.
[Note: this is the Neo-Con tendency to RAID EVERY SINGLE genuinely "LIBERAL" program, and turn it in to a financial rapists' SLUSH FUND - as Hank Paulson used the U.S. Treasury's ESF fund to ATTACK the Euro, giving those clued-in INSIDERS at GODDAMN-SACHS the opportunity to make a killing in SHORT TRADES; or as England's Finance Minister Gordon Brown "DUMPED" HALF of Brtiain's ENTIRE GOLD RESERVES on world markets - to help out some "unidentified bullion traders" who had gotten on the wrong side of a GOLD SHORT TRADE in 1999-2002. CRIMINAL, illegal, connected INSIDER trading ATTACKS - on individual stocks; on pension funds, on currencies, against entire economies (destroy the jobs in one area, the homeowners become DEBT SlAVES) - and the abject, criminal BRIBERY of politicians who COVER UP those ILLEGAL trading attacks - IS how the Rubinite banksters and the hyper-wealthy behind them, now CLAIM to "OWN" wealth that represents MULTIPLES of the GDP of... the entire human race! Jewish hedge fund manager and former GoddamnSachs trader Jim Cramer EVEN BRAGS about how he perpetrated those financial attacks - and how the SEC will never prosecute the even bigger CRIMINALS behind similar, serial, economy killing financial crimes! ]
Instead, influenced by neoconservative warmongers who advocated America using its “sole superpower” status to establish hegemony over the world,
[who attempted to use the might & muscle of the U.S. military to establish JUDEO SUPREMACY across the world - only the most ruthless appartchiks and SAUDI style Wahabi extremists need apply to be the hired-hand 'leaders' behind this assault on world freedoms - see George W. Bush, George H.W. Bush, Dick Cheney, Hillary Clinton, John Kerry, Barack Obama, Gordon Brown, Tony Blair, David Patraeus, John McCain, John Brennan, etc. etc. etc. ad naseum.]
Washington let hubris and arrogance run away with it.
[Like Adolf Hitler at the height of Nazi military victims, Washington's NEO-CON' JUDEO SUPREMACISTS STARTED BELIEVING THEIR OWN PROPAGANDA: namely that THEY, "the chosen ones" WERE HOLIER THAN THE REST OF the ENTIRE human race; and, #2. backed by trillions of U.S. dollars and the most powerful nuclear & military arsenals in world history - including not only THEIR OWN PRIVATE NUCLEAR ARSENAL & military in ISRAEL, but CONTROL via the neo-con "MONEY POWER" bribery & extortion, over the nuclear arsenals and militaries of FRANCE, BRITAIN and NATO as wellThe consequence was that Washington destroyed its soft power with lies and war crimes,
(see the NATO supported AL QAEDA INVASION OF LIBYA)
the NEO-CON JUDEO SUPREMACISTS STARTED BELIEVING THEY WERE INFALLIBLE- hubris brings even the gods low.]
only to find that its military power was insufficient to support its occupation of Iraq, its conquest of Afghanistan, and its financial imperialism.
Nowseen universally as a lawless warmonger and a nuisance
[= neo-con global SABOTEURS!], Washington’s soft power has been squandered.
With its influence on the wane, Washington has become more of a bully. In response, the rest of the world is isolating Washington.
The prime minister of India, Manmohan Singh, recently declared China and Russia to be India’s “most important partners” with whom India shares “common strategic interests.” Prime Minister Singh said: “ India and Russia have always had a convergence of views on global and regional issues, and we value Russia’s perspective on international developments of mutual interest.”
India joined China
[HISTORICALLY SPEAKING, CHINA & INDIA, as regional adversaries, are POTENTIAL ENEMIES... DRIVEN to COOPERATE with each other by AMERICA's INSANE, judeo driven GENOCIDAL nuclear armed BELLICOSITY]in expressing concerns about the Federal Reserve’s practice of printing money in order to cover Washington’s vast red ink. The BRICS (Brazil, Russia, India, China, South Africa) are taking steps to create their own method of settling trade accounts in order to protect themselves from the looming dollar implosion,
China has forcefully called for a “de-Americanized world.” After watching the “superpower” offshore a large part of its GDP to China and then add to the diminished tax base the burden of $6 trillion in wars that brought no booty and served no US interest,
[THIS IS the NEO-CON, JUDEO SUPREMACIST, JUDEO WAR-PIGS + slave-trading FINANCIAL RAPISTS agenda]
...China has concluded that American power is spent. The London Telegraph thinks “it is only a matter of time before the renminbi replaces the dollar as the primary currency for trading commodities and resources.”
The Obama regime attempted to attack Syria based on the sort of LIES that the Bush regime used to invade Iraq [ = WAR CRIMES! ]
[FAR from giving us the 'CHANGE' that Senator Obama PROMISED MILLIONS of Americans in 2008, Obama was proving to be cheney/BUSH-III ]
only to be slapped down by the British Parliament and Russian government.
This rebuke was followed by the childishness of the government shutdown and threat of default.
[= the RAHM EMANUEL / JEWISH TERRORIST IRGUN style EXTORTION by CREATING a CRISIS !! ]
Consequently, the Washington morons have lost their monopoly on economic and political leadership. A few days ago the British government announced a historic agreement that permits British investors direct access to China’s markets and allows Chinese banks to expand their operations in Great Britain.
[YES! LONDON's - the City of London's FINANCIAL CRIMES, are INSTIGATED and ENCOURAGED by the NEO-CONS in New York & DC (& Chicago & LA) - while The City of London (the Rotscheilds) may still be the SENIOR PARTNERS in the global jewish mafia CRIMINAL MONOPOLY EXTORTION and FINANCIAL CRIMES cartel, their New York, D.C., & Tel Aviv junior partners have goaded the old whore to just BLATANT, IN-YOUR-FACE CRIMINALITY, which we see in Jamie Dimon's criminal JP Morgan/Chase bank, in the Goddamn-Sachs Rubin & Paulson & Geithner & Lew CRIMINAL, SABOTEUR TREASURY SECRETARIES... and in the press, media, Con-gress, White House, and academic WHORES who all help to COVER UP these SERIAL, BLATANT, IN-YOUR-FACE FINANCIAL CRIMES !!]
In Australia, the US dollar will no longer be used as the currency in which to settle the Australian trade accounts with China. Instead of dollars, trade will be settled in the Chinese currency.
Washington served as cheerleader, as did most economists and libertarians, while US corporations, greedy for short-term profits and executive bonuses, offshored US industry and manufacturing, calling it free trade.The obvious and predicted result is that China’s demand for resources needed to fuel its industrial and manufacturing power now dominates markets. This means that the US dollar is being displaced as world currency.
The only market that America dominates is the market for financial fraud.
When industrial, manufacturing, and tradeable professional service jobs are offshored, they take US GDP and tax base with them. The foreign country gets the benefit of the relocated economic activity. Due to the revenues lost from jobs offshoring, there is a large gap between federal revenues and federal expenditures. As Washington’s irresponsible behavior has raised so many doubts about the dollar’s value and the government’s commitment to stand behind its massive debt, foreign countries with trade surpluses with the US are less and less willing to recycle those surpluses into the purchase of US Treasury debt.
Today the two largest holders of US Treasury debt are not investors or even foreign central banks. The two largest holders are the Federal Reserve and the Social Security Trust Fund.
As for those $6 trillion wars, that’s to pay for national defense to protect us from women, children, and village elders in far away countries devoid of air forces and navies, and to provide those recycled taxpayer monies from the military/security complex that find their way into political contributions.
The Wall Street gangsters sighed for relief over the last minute debt ceiling agreement. This shows how short-term Wall Street’s outlook is. All the October agreement did was to push off the crisis to January and February. The “debt ceiling agreement” did not produce a new debt ceiling that would last beyond February, and it did not resolve the large difference between federal revenues and expenditures. In other words, the can was again kicked down the road. A repeat of the October fiasco won’t play well.
Obamacare is causing the premiums on private insurance polices to rise substantially, almost doubling in some situations unless people move to the uncertain exchanges, and Obamacare’s raid on Medicare payroll tax revenues has resulted in a cut in Medicare payments to health care providers. The result is a further reduction in consumer discretionary income and a further drop in the economy.
This in turn means a larger federal budget deficit and the need for the Federal Reserve to purchase more debt.
Another reason the Federal Reserve is faced with increasing, not tapering, quantitative easing (money printing) is the decline in foreign purchases of US Treasury bills, notes, and bonds. As the instruments pay interest that is less than the rate of inflation, holding Treasury debt makes no sense when the dollar’s value and the potential of default are open questions.
According to reports, not only are foreign governments, such as China, ceasing to buy US Treasury debt, China has started to sell off its holdings, substituting gold in the place of US Treasury debt.
This means that the bonds must be purchased by the Fed or interest rates will rise as the increased supply of bonds on the market drives down bond prices. The only way the Fed can purchase a larger supply of bonds is by printing more money, that is, by more quantitative easing.
With the world moving away from using the dollar to settle international accounts, as the Fed prints more dollars the rate at which foreign holders of dollar assets sell off their holdings will rise.
To get out of dollars requires that the dollar proceeds from selling Treasuries, US stocks and US real estate be sold in the currency markets. The selling of dollars drives down the exchange value of the US dollar and results in rising US inflation. The Fed can print money with which to purchase Treasury debt, but it cannot print foreign currencies with which to purchase dollars.
The decline in the dollar’s exchange value and the domestic inflation that results will force the Fed to stop printing. What then covers the gap between revenues and expenditures? The likely answer is private pensions and any other asset that Washington can get its hands on.
Initially, private pensions will be taxed at a rate to recover the tax-free accumulation in the pensions. The second year a national emergency will be used to confiscate some share of pensions. Those relying on the pensions will find themselves with less income. Consumer spending will decline. The economy will worsen. The deficit will widen.
You can see where this is going, and there seems to be no way out. Policymakers, economists, and corporation executives are in denial about the adverse effects of offshoring, which they still, despite all the evidence, maintain is good for the economy. So nothing will be done about offshoring. Republicans will blame the budget deficit on welfare and entitlements, and if those are cut consumer spending will decline further, widening the budget deficit. Inflation will rise as incomes fall, and social cohesion will break down.
Now you know why Homeland Security purchased 1.6 billion rounds of ammunition, enough ammunition to fight the Iraq war for 12 years, has its own para-military force and 2,700 tanks. If you think the “terrorist threat” in America warrants a domestic armed force of this size, you are out of your mind. This force has been assembled to deal with [= EXTERMINATE by judeo KAGONOVICH style Commissar GULAGS and SUMMARY EXECUTIONS] starving and homeless people in the streets of America.
September employment report: According to the Bureau of Labor Statistics (BLS), September brought 148,000 new jobs, enough to keep up with population growth but not reduce the unemployment rate. Moreover, John Williams (shadowstats.com) says that one-third of these jobs, or 50,000 per month on average, are phantom jobs produced by the birth-death model that during difficult economic times overestimates the number of new jobs from business startups and underestimates job losses from business failures. [ = typical jewish BAIT & SWITCH financial flim-flam]
The BLS reports that 22,000 of September’s jobs were new hires by state governments, which seems odd in view of the ongoing state budgetary difficulties.
In the private sector, wholesale and retail trade produced 36,900 new jobs, which seems odd in light of the absence of growth in real median family income and real retail sales.
Transportation and warehousing produced 23,400 new jobs, concentrated in transit and ground passenger transportation. This also seems odd unless the price of gasoline and pinched budgets are forcing people onto public transportation.
Professional and business services accounted for 32,000 jobs of which 63% are temporary help jobs.
So here you have the job picture that the presstitutes, hyping “the jobs gain,” don’t tell you. The scary part of the September job report is that the usual standby, the category of waitresses and bartenders, which has accounted for a large part of every reported jobs gain since I began reporting the monthly statistics, shows job loss. Seven thousand one hundred waitresses and bartenders lost their jobs in September. If this figure is not a fluke, it is bad news. It signals that fewer Americans can afford to eat and drink out.
The unemployment rate that is reported is the rate that does not count as unemployed discouraged workers who are unable to find jobs and cease to look. This favored rate, the darling of the regime in power, the presstitutes, and Wall Street, [ i.e. the JUDEO DOMINATED BAIT & SWITCH FRAUDSTERS] also is not adjusted for the category of “involuntary part-time workers,” those whose hours have been cut back or because they are unable to find a full-time job.
Obamacare, as is widely reported, is causing employers to shift their work forces from full time to part time in order to avoid costs associated with Obamacare. The BLS places the number of involuntary part-time workers at 7,900,000.
The announced 7.2% unemployment rate is a meaningless number. The rate can decline for no other reason than people unable to find jobs drop out of the work force. You are not counted in the work force if you are discouraged about finding a job and no longer look for a job.
The phenomena of discouraged workers shows up in the measure of the labor force participation rate, which has declined in the 21st century. The opportunities for American labor are so restricted that a rising percentage of the working age population have given up looking for jobs.
Yet, the Obama regime, the Wall Street gangsters, and the pressitute media tell us how much better the economic situation is becoming as more small businesses close, as memberships decline in golf clubs, as more university graduates return home to live with their parents, who are drawing down their savings to live, as Fed Chairman [GENOCIDAL Ben "JUDENFETZEN"] Bernanke has made it impossible for them to live on interest payments on their savings.
According to the US census bureau, real median household income in 2012 was $51,017, down 9% from $56,080 in 1999, 13 years ago. In contrast, annual compensation in 2012 for US CEOs broke all records. Two CEOs were paid more than $1 billion, and the worst paid among the top ten took home $100 million. When the presstitutes speak of economic recovery, they mean recovery for the one percent.
America is in the toilet, and the rest of the world knows it. But the [GENOCIDAL] neocon [TRAITORS] who rule in Washington and their
Early in the 21st century the [PRETEND!] 'liberal' Democrat Senator from New York, Chuck Schumer, and I coauthored an article in the New York Times about the adverse effects on the US economy of jobs offshoring. The article caused a sensation. The Brookings Institution in Washington quickly convened a conference which was covered by C-SPAN. C-SPAN rebroadcast the conference several times. During the conference I said that if jobs offshoring continued, the US would be a third world economy in 20 years.
[TODAY, JUDEO SUPREMACIST Senator CHUCK SCHUMER is NO MORE CONCERNED for JOBLESS AMERICAN FAMILIES, than he is for GAZA PALESTINIANS KILLED by U.S. supplied bombs, bullets, and poison-gas 'WHITE PHOSPHORUS' SHELLS handed over to the GENOCIDAL JEWISH ARMY in israel - indeed, CHUCK SCHUMER is IN BED with the GODDAMN-SACHS/jpm/FED FINANCIAL CRIMINALS who are RAPING and ENSLAVING the American working populace with Bernanke's "$85 BILLION in FREE MONEY FOR BANKERS ... PER MONTH, while SLASHING $115 Billion in FOOD STAMPS... per year! GENOCIDAL TREASON & TREACHERY as we speak!!! ]Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His internet columns have attracted a worldwide following. His latest book, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is now available.
Wall Street quickly shut up Senator Schumer, but I am sticking by my forecast. Indeed, I think we are already there.
This article was posted: Thursday, October 24, 2013 at 4:33 am
bonus! - Although this has been a long post, for the benefit of those who may stumble on it months down the road, we present the below two embedded videos:
below video: CNBC jewish snake-oil salesman & former GoddamnSachs trader JIM CRAMER explains how he used LIES, rumors, and SECRETLY COORDINATED ATTACKS to ILLEGALLY "foment" - ATTACK - the stock price of a company that he was trading (short selling) against...
http://youtu.be/c6gxPCurDJs
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bonus! - Although this has been a long post, for the benefit of those who may stumble on it months down the road, we present the below two embedded videos:
- CNBC snake-oil salesman, former GoddamnSachs 'trader', and former hedge-fund manager JIM CRAMER actually BRAGGING about USING LIES, rumors and COORDINATED ATTACKS to ILLEGALLY 'move' the price of a stock he is attacking with "short trades" (exactly the same methods are used to attack bonds and entire currencies); and
- former S&L FINANCIAL CRIMES PROSECUTOR Bill Black explaining how the nation's new TREASURY SECRETARY, orthodox (which is to say, "AMERICANS HATING") Jew Jacob Lew, is an INSIDER TRADING LIAR & CON-MAN CRIMINAL who deserves to be IN PRISON far more than at the top of the U.S. Treasury Department !
below video: CNBC jewish snake-oil salesman & former GoddamnSachs trader JIM CRAMER explains how he used LIES, rumors, and SECRETLY COORDINATED ATTACKS to ILLEGALLY "foment" - ATTACK - the stock price of a company that he was trading (short selling) against...
http://youtu.be/c6gxPCurDJs
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Jacob Lew: Another REVOLVING Door FINANCIAL CRIMINAL in the Wall Street on the Potomac
by William K. Black, Assoc. Professor, Univ. of Missouri, Kansas City; Sr. regulator during S&L debacle
http://www.huffingtonpost.com/william-k-black/jacob-lew-another-brick-i_b_2446848.html
"...[Jacob] Lew [obama's newly inaugurated TREASURY SECRETARY], President Clinton, Bob Rubin, Larry Summers, and Alan Greenspan [ALL JEWS except for Clinton!] pushed the key statutory acts of deregulation that helped create the crimionogenic environment that drove [Wall Street in to the 2008 financial] crisis.-------------------------------------------------------------------------
But they also drove the destruction of regulation and supervision at the banking regulatory agencies. A senior official who lacks the integrity to admit his errors and learn from them is unqualified to serve in any capacity.
...The fourth non-obvious problem is that Obama chooses as his principal financial advisors people who have not been trained to have financial expertise. Geithner studied international politics. Emmanuel studied speech. Lew, Obama, and Daley studied law. Lew, Daley, Emanuel, and Geithner all worked in finance, but they did so because of politics and who they knew rather than what they knew. Competence was never the key.Their substantive failures in those finance positions did not matter.As a reward for their failures they were given bonuses that made them wealthy for failing. That is the norm for senior finance officers in the modern world. Lew became far wealthier because Citicorp was bailed out by the U.S. government...