February 8, 2013

Things Are Looking UP!: A Depression Song Book for Our Time

After all, why rewrite what's been done before?

An Associated Press article Monday declared a healthy jobs market, fantastic auto sales, a surging housing market, and a stock market rocketing to new all-time highs. What’s not to love? ***

The December Household Survey from the BLS being touted by the mainstream media as proof of a jobs recovery told a slightly different story:
  • The number of unemployed Americans went up by 126,000 in one month
  • Another 169,000 Americans left the workforce evidently because their stock market gains made them wealthy.
  • There are 250,000 more Americans unemployed than there were in September 2012.
  • There are 6,000 less Americans employed than there were in October 2012.
  • The unemployment rate reported to the masses went up to 7.9% (the true rate reached 23%).

Happy days are here again!

The deep thinkers at CNBC, Fox, CNN and the rest of the captured corporate status quo mouthpieces, propagate the false storyline that the reason for Americans leaving the workforce is Baby Boomers retiring. Considering the average Boomer has $90,000 of total savings and 28% of them have less than $1,000 saved, I suspect there are few willingly leaving the workforce. The Boomers have taken on 4 million additional jobs since the low point in 2009, while the 16 to 54 year olds have lost an additional 2.9 million jobs. Does this reflect a strengthening jobs market?***

No more overlooking that four leaf clover!

Inquiring minds might wonder how auto sales could be booming when there are 4 million less employed Americans and real wages are falling. Of course, mainstream media faux journalists aren’t paid to inquire, think critically, or even think at all. They are paid to regurgitate propaganda designed to keep the masses sedated and ignorant. The “fabulous” rebound in auto sales has been buoyed by the return of easy money lending, even to deadbeat borrowers with lousy credit histories. ***

Life is Just a Bowl of Cherries

Since the Federal government took over 85% of the student loan market in 2009, the debt outstanding has surged to over $1 trillion from below $600 billion. The Feds don’t care about credit risk or loan losses. You’re on the hook for the losses. The purpose for doubling the amount of student loans was to artificially lower the unemployment rate by removing as many people from the labor force as possible. The 600,000 University of Phoenix enrollees getting their on-line master’s degrees in basket weaving while sitting in their mother’s basement, subsidized with $20,000 loans from the taxpayer, didn’t count as unemployed.***

We're in the Money

New homes sales have “surged” to an annual pace of 369,000, only 74% below the 2006 peak and about 50% below the long term average. New home sales fell in December at the fastest rate since February 2011. Existing home sales also fell in December, are pacing at 1999 levels, and are still 30% below 2006 levels. In a country of 115 million households, with mortgage rates at all-time lows, there were a total of 26,000 new homes sold in December, and only 10,000 of them were actually built. For some perspective, new home sales are at the same level as they were in 1967 when the U.S. population was 200 million.

Brother Can You Spare a Dime?

Our once proud, liberty minded, self-sufficient nation of freedom loving individuals has devolved into a kleptocracy, where a small cadre of powerful men run the show solely to increase the personal wealth and political power of officials and the ruling class at the expense of the wider population. They are essentially running a state sponsored embezzlement and Ponzi scheme to pillage the wealth of the dumbed down, sedated, technologically distracted masses. Our entire system has been captured and we are entering the final stages of decay and ultimately a day of reckoning where the guilty and innocent alike will suffer the awful consequences of currency collapse, death and destruction on a wide scale, and likely civil and world war.***

When they said REPENT REPENT
I wonder what they meant

"There'll be the breaking of the ancient western code.
Your private life will suddenly explode.
There'll be phantoms,
There'll be fires on the road
.... and the white man dancing.

You'll see a woman hanging upside down.
Her features covered by her fallen gown.
And all the lousy little poets coming round,
Trying to sound like Charlie Manson
..... and the white man dancing.

Give me back the Berlin wall.
Give me Stalin and St Paul.
Give me Christ or give me Hiroshima.
Destroy another fetus now.
We don't like children anyhow.
I've seen the future, baby:
It is murder."

*** Material excerpted from All Is Well | Zero Hedge

Posted by gerardvanderleun at February 8, 2013 10:15 AM
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Shirley Bassey - "Everything's Coming Up Roses", 1976, sung on Zapata Ugland oil rig in North Atlantic
https://www.youtube.com/watch?v=rGIgyQ856dU

Posted by: peter at February 9, 2013 10:09 AM
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