Sunday Night Unemployment Schizophrenia

While everybody is taking a turn telling Turd the way it is, and what he should do with his pay wall, and how the site is going to die if he monetizes it with subscriptions, I thought I'd write a post before the air comes out of this balloon.  All this talk about the site dying has me craving salami, cheese and some cheap wine.   The kind of craving you only get at a post funeral reception.  
 
For the record, I ain't no Turd. I ain't as smart.   I am definitely not as pretty.  I don't have cool sunshades, and my Macbook hasn't downloaded an update since 2010 and I don't know how to fix it.   And most importantly, I don't have a yellow hat.   I'm just a regular Joe investor collecting pretty little coins  and tossing them in the wishing well to fish them out at a later date.    I simply offered to participate in this experiment by offering a commentary or two, and as usual, anybody who is around that is so inclined can say just about whatever they like.  That's the way it's worked and Turd said he wouldn't change it.
 
All that being said, I thought those of you who are sticking around post mortem might find this Associate Press article interesting which is now making it's rounds on all the MSM sites as Bloomberg Asia reports stocks down, metals down.   So what's new?     
 
80 percent of U.S. adults face near-poverty, unemployment, survey finds 
 
Social Dominant Theme-Things are really bad! You better be scared
 
Free Market Analysis- Yeah, we know.  That's what we've been saying.  But you aim to make it worse through targeting your varied messages to select demographics.
 
Yes, my format borrowed from the now defunct Daily Bell.  I don't recall anybody mentioning it so I thought I'd pay my respects by borrowing their format.  I rather liked their presentation style and too bad such a significant and very well written alternative economic and political news source has closed it's doors. We need more alternative media, not less. Now onto the new unemployment theme emerging. This article issued by the AP just a few hours ago.   
 
 
Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Survey data exclusive to The Associated Press points to an increasingly globalized U.S. economy, the widening gap between rich and poor, and the loss of good-paying manufacturing jobs as reasons for the trend.
 
Ok, lets stop there.   It states that the Associate Press  has exclusive data.   Since when did a media agency have more data than the BLS and only a few weeks ago the unemployment report said the usual improvement was underway and now the MSM is reporting things are bad!  Real bad.  That's not the kind of MOPE any of us expect from the MSM.  The AP stories tells us that we have serious class issues and the globalized economy is at fault.   Boy, that AP has some good data.  
 
Now we have "it's bad"  "class warfare" "globalization"  Let's continue and add some racial tension to the mix. It states that blacks have greater opportunity under Obama while struggling whites do not.   It highlights poverty stricken white neighborhoods while simultaneously telling us that Blacks and Hispanics have it worse.   How many people can you piss off in one article?  Schizophrenia!
 
"As nonwhites approach a numerical majority in the U.S., one question is how public programs to lift the disadvantaged should be best focused _ on the affirmative action that historically has tried to eliminate the racial barriers seen as the major impediment to economic equality, or simply on improving socioeconomic status for all, regardless of race."
 
 He noted that despite continuing economic difficulties, minorities have more optimism about the future after Obama's election, while struggling whites do not.
 
"Nationwide, the count of America's poor remains stuck at a record number: 46.2 million, or 15 percent of the population, due in part to lingering high unemployment following the recession. While poverty rates for blacks and Hispanics are nearly three times higher, by absolute numbers the predominant face of the poor is white."
 
Interestingly, Bloomberg just issued an article on unemployment that says something totally different. 
 
 
Employers probably added jobs in July at about the same pace as in the prior month, helping trim unemployment as the U.S. economy emerged from a second-quarter slowdown, economists said before reports this week.
  
So what's going on here?  Maybe, a greater sophistication of managing the population than ever before?  Targeting individual demographics with different stories.  One for the more affluent investor who reads Bloomberg and another story for the rest.   
 
Maybe, US news media have found their souls are in pursuit of the truth? Unlikely.    More like a divisive class and racial divide being constructed.  Just read the comments under the articles where they were posted.   Fear is clearly the meme here.  But why?  Control!
 
Because nobody wants to be like the people in the article.
 
Smoking a cigarette in front of the produce stand, Adams later expresses a wish that employers will look past her conviction a few years ago for distributing prescription painkillers, so she can get a job and have money to "buy the kids everything they need."
 
and there is Rene Adams
 
Salyers' daughter, Renee Adams, 28, who grew up in the region, has two children. A jobless single mother, she relies on her live-in boyfriend's disability checks to get by. Salyers says it was tough raising her own children as it is for her daughter now, and doesn't even try to speculate what awaits her grandchildren, ages 4 and 5.
 
Anybody want some of that?
 
For anybody stuck in a job that they hate, they get the message, that you'd better stay put or else.  A general acceptance by the lower class workers and unions that you'd better take what we give you because your other option is the highway and most importantly expect low wages, and be obedient workers who don't challenge authority and if you do,  pay the consequences!
 
 

61 Comments

Marblesonac's picture

First

Uno

I'm all for Turds new idea, I just hope he keeps the "free" or guest posts to a minimum of around one or two a day.

Also the idea of an open thread appeals to me as well.

BagOfGold's picture

Hee!...Hee!...Hee!...

Am I really second?...Hmmm...we'll soon see!...Great stuff Green Lantern!!!...

Bag Of Gold

Turd Ferguson's picture

Don't worry

MODERATOR

Everyone leads very busy lives. I asked each of the six to only consider one or two posts per week.

The six posts this weekend were just a "hello".

Response to: First
Maryann's picture

Interesting analysis..

I saw that AP article today, GL.  Thanks for your thoughts...very interesting about targeting demographics. 

I like the format, easy to read!

Pining 4 the Fjords's picture

Nice, GL!

Great catch on the targeted narratives for different classes/races.  The media is certainly playing games for a purpose, but whose tune are they marching to? Who is pulling the strings?   Who benefits?

Patrancus's picture

Everbody is afraid to call

a spade a spade. He's in the continuing process of gutting the American people's republic and no one speaks up because their white guilt will not allow it. Its f---ing unbelievable with no end in sight, I am worried beyond my capacity to contain myself, anyone who is not is a moron. There it is my post for the week, I will pot ya up again next week.

The Lawyers have much to do with it, see whitehouse lawyer Bob Bauer, somebody serve him with a subpoena, f---ing marxist bastard.

AlienEyes's picture

Top ten, again.

Top ten, again.

Strongsidejedi's picture

Oddball with the GL interpretation

Is this scene from Kelley's Heroes referred to by GL in his posting above?

woof woof

Sneed Hearn's picture

Wisdom

No matter how cynical you become, it is never enough to keep up.  -  Lily Tomlin

Kenscott's picture

Unemployment Rate Improving - Pure Rhetoric

Personally, I have been unemployed since December of 2011. I have not been able to find a decent job, and I am starting to feel financial pressure.

Having a B.A. in Communications, and once working as a reporter, I try to look at facts and not Public Relations rhetoric. The overwhelming truth is that unemployment is still a direly serious problem in the United States and it is not getting better - at least not in the region I live in.

Remember that the unemployment rate does not include those who have expended their unemployment benefits. It does not include those who have given up and who are no longer looking, nor does it include the masses now working part-time jobs with worse salaries and benefits than they once had (assuming they now have benefits at all).

I feel those who are spouting an improved picture are either unwilling to acknowledge the facts or they simply have ulterior motives in doing so. Please do not be naive, and please do not believe what most of the major media outlets are trying to portray as truth. To do so, in my opinion, is grave error with crushing long-term consequences.

 

¤'s picture

bad statistics ...

Good subject GL. 

I read the 80% adult poverty level rate earlier today online. I also saw the ZH article on Chicago's fiscal woe's and nearly being tapped out.

Couple that with all the recent Detroit talk and Obama recently mentioning the greatest threat to racial tensions is economic hardship and the wealth/poverty divide and it paints a portrait of stagnation for the foreseeable future.

And the markets continue to levitate...except PM's....for now.

There is no way the future tax revenue base is capable of keeping pace with our govts. spending habits in a consumer nation if approx 80% of folks are close to the brink if their regular paycheck is disrupted.

I think US will be forced to radically raise taxes and fee's like crazy and eventually exert capital controls on a level (they'll siphon away as much wealth from other people and countries as possible) that will blow everyone's mind who has a municipal or state pension or 401K or money market funds etc.

Haircut city.

Be your own bank.

Dagney Taggart's picture

Somebody wants a lot of death

Why do I have the feeling that when this is over and 95% of the current world population is dead, the politicians and their puppets in the media will try to pretend that they were victims of unintended consequences? I can hear it already. "So 10 billion people have died in the last 10 years. How could this have happened? The world economy is recovering. There is full employment worldwide."

Damn their lying souls to hell.

PS. I'm wondering when we will see a lynched globalist strung up here.

SilverSurfers's picture

LOL

Macbook hasn't downloaded an update since 2010

ccchhhhhiiiiiiiiiiiiiitttttttttttttttttttttttttttttttttttt

My desk top has not downloaded an update since y2k. Got ya beat.

But I can recover in 10 minutes for any virus attack or softwar crash. :~

Poverty does not change your outlook, unless you are in their game.

Taxes are a double hit to your heart, your pocket book and your charity.

If you leave it behind, the rat race, then it dont matter to you personality.

Its all attitude of course. I live happier poor, than I ever did riding a limo.

Mickey's picture

What part of bankrupt

Does the population not understand?

I guess an entity needs to run out of money before it is deemed bankrupt, rather than our leaders seeing it coming and doing fixes before there is no wiggle room.

The creditors of Detroit are going to devour each other over standing and preference and then in 2-3 years we have a public entity blueprint. One person suggested to me that the creditors and pensions could take the assets of the city in kind distribution.

Great, what will vendors do with illiquid buildings. If like Chicago, the good assets, like parking meters have been sold.

The kicking of the can is complete for Detroit, Chicago next and that has a huge union with high pay.

And no leverage left. No more threatening to keep schools closed. The city might let that happen as it should have 20 years ago, and 17 and14 etc years ago.

.

Dyna mo hum's picture

Dagney.....guidestones vandalized already

Stratajema's picture

Just more doom and gloom yet

Just more doom and gloom yet the malls have been full of people buying lots of stuff. Then they drive home in their brand new car.  I think the perspective in internet forums is more than a little warped.

Dyna mo hum's picture

Moar

AlienEyes's picture

It’s nice to see that a few

It’s nice to see that a few of you have returned to consciousness once again.
 
The selective targeting of certain demographic groups has been going on since before O’bummer’s first election. That said, there is nothing new whatsoever about target groups. Marketing and advertising firms do it for a living. Fact is, we ARE living in an Orwellian world. Unfortunately, it seems that most of us that went to college decided to read Rabbit Run instead of 1984 or Animal Farm. I’ll admit, I never though 1984 would be anything of importance with the obvious exception of the title of a Van Halen album. Sadly, I couldn’t have been any more wrong. Even George Orwell got it wrong about our current circumstances being the result of Nazi’s. Orwell was a communist and he never dreamed that his beloved left wing lunatics could engineer such a sad state of affairs.
 
We are living under a socialist administration that has already done irreparable harm to what was once our republic. Our government is in the hands of gangsters and it is not a dream. Most US citizens have proven beyond any doubt that they are intellectually disenfranchised and there is no cure for stupid. PC is the vector for the newspeak and the fact that lies are good and the truth is the enemy of the people.
 
The well is already poisoned. The avalanche of fiat is NOT to help the economy. It is a hidden tax on all of us. It is a message that our fiat economy has failed. We are being trained like lab rats to accept our new saviors, one world global government. We are being conditioned to welcome the new order....even if we will never be even a small part of it. With all due respect to Dagney et al, hanging one of the bastards will not help. Hanging 2/3 of them might but we are deluding ourselves if we forget that there is an endless supply of rats among us that are ready and willing to take their place.
Dyna mo hum's picture

Alien Eyes

Well said. 

Nick Elway's picture

Thanks Tabberto

http://www.tfmetalsreport.com/comment/335046#comment-335046

your post of Sheldrake's banned TED talk. "The science delusion" crystallized my thoughts on science versus the dogmas embraced by most scientists.  I appreciated  his investigation into the constancy of the constants.

Nick Elway's picture

Thanks Tabberto

duplicate...darn

philipat's picture

@Stratajema

The Malls are full of people spending money they don't have by maxing out on another credit card, then driving home in "Their" brand new cars which were purchased from bk car companies at zero down and no interest 7 year loans. Yup, that's a real reflection of prosperity............

Stratajema's picture

@philipat

People still need to make payments on the cars and credit cards.  And the numbers show they are still able to. 

During the past 4 years many of the self-proclaimed experts were saying that hyperinflation would hit in the 2014 to 2016 time frame.  Now they are saying as late as 2020, or 12 years after the 2008 market crash.  I've stopped believing the forecasts  spewed from most everyone in the gold/silver/bitcoin crowd, especially the pimps on King World News.

Now the bullsh-tters are trying to convince us that the backwardation in gold and negative GOFO rate actually means something positive for the gold price.  Gee, gold was in backwardation every time it got smashed in price.  This latest round of the smash and grab is ending but not because of these "magical" markers. 

The ONLY reason I still allocate my time to follow the gold market is that I want to learn about the trick that JP Morgue will use when its Crimex gold inventory is depleted.  And the trick is not going to be dollar settlement or payoffs using GLD shares.  That would be too obvious an answer and they have an army of brilliant evil people to think up what the trick will be.  

foggyroad's picture

Cloward–Piven Strategy

Cloward–Piven strategy

From Wikipedia, the free encyclopedia
 
 

The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward (1926–2001) and Frances Fox Piven (b. 1932) that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of "a guaranteed annual income and thus an end to poverty". Cloward and Piven were a married couple who were both professors at the Columbia University School of Social Work. The strategy was formulated in a May 1966 article in liberal[1] magazine The Nation titled "The Weight of the Poor: A Strategy to End Poverty".[2]

The two stated that many Americans who were eligible for welfare were not receiving benefits, and that a welfare enrollment drive would strain local budgets, precipitating a crisis at the state and local levels that would be a wake-up call for the federal government, particularly the Democratic Party. There would also be side consequences of this strategy, according to Cloward and Piven. These would include: easing the plight of the poor in the short-term (through their participation in the welfare system); shoring up support for the national Democratic Party then-splintered by pluralistic interests (through its cultivation of poor and minority constituencies by implementing a national "solution" to poverty); and relieving local governments of the financially and politically onerous burdens of public welfare (through a national "solution" to poverty)

excerpt..

Cloward and Piven’s article is focused on forcing the Democratic Party, which in 1966 controlled the presidency and both houses of the United States Congress, to take federal action to help the poor. They stated that full enrollment of those eligible for welfare “would produce bureaucratic disruption in welfare agencies and fiscal disruption in local and state governments” that would “deepen existing divisions among elements in the big-city Democratic coalition: the remaining white middle class, the working-class ethnic groups and the growing minority poor. To avoid a further weakening of that historic coalition, a national Democratic administration would be constrained to advance a federal solution to poverty that would override local welfare failures, local class and racial conflicts and local revenue dilemmas.”[3] They wrote:

The ultimate objective of this strategy—to wipe out poverty by establishing a guaranteed annual income—will be questioned by some. Because the ideal of individual social and economic mobility has deep roots, even activists seem reluctant to call for national programs to eliminate poverty by the outright redistribution of income.[3]

Michael Reisch and Janice Andrews wrote that Cloward and Piven "proposed to create a crisis in the current welfare system – by exploiting the gap between welfare law and practice – that would ultimately bring about its collapse and replace it with a system of guaranteed annual income. They hoped to accomplish this end by informing the poor of their rights to welfare assistance, encouraging them to apply for benefits and, in effect, overloading an already overburdened bureaucracy."[4]

 
foggyroad's picture

Conditioning for Control in baby steps.

The Fabian Society is a British socialist organization whose purpose is to advance the principles of socialism via gradualist and reformist, rather than revolutionary, means.[1][2] It is best known for its initial ground-breaking work beginning late in the 19th century and continuing up to World War I. The society laid many of the foundations of the Labour Party and subsequently affected the policies of states emerging from the decolonisation of theBritish Empire, especially India.

Today, the society functions primarily as a think tank and is one of 15 socialist societies affiliated with the Labour Party. Similar societies exist in Australia (the Australian Fabian Society), Canada (the Douglas-Coldwell Foundation and the now disbanded League for Social Reconstruction) and in New Zealand.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Think about it, if your not too distracted, trying to feed and clothe and raise your family, pay the bills and run to the kids soccer game, after the daycare pickup and a pick up of the groceries.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Billionaire Mayors would like to save us from Ourselves, they know best.

Do you really think Bloomper ever drank a  32 ounce grape slurpee?

32 ounce sugar drinks

Bacon cheese burgers

French fries

Seatbelts

Smoking

Transfats

GMO oh yea thats ok.

Saccharin, tickitty boo.

Aspartame, finandandy.

Banned in multiple countries, piffle, shut up and eat your gruel.

Standardized curriculum, can't have teachers wandering off teaching stuff, kripes, stick to the script

TSA grope fest, 

TSA stop checks

Papers please..

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Trust Us.

Its for the collective good you see,... your not one of those selfish freedom nuts are you?

Now how would we manage, if everyone thought as you do... in this selfish freedom loving way?

We are doing this for your own good, for the collective good, we know what is best for you, we have  millionaire staffed

think tanks and  millionaire staffed Councils, we even have millionaire 'men only' effigy burning parties to unknown gods,

a big burning owl in our grove retreat, where we get drunk and have sex and seminars to discuss world events and devise

solutions to the problems that ail you dear citizen.

We are well, better, richer and wiser than you, trust us we know what's best keep everything humming along, we know best, eat your parsnips.

You needn't worry yourself , let us do the thinking, we are professionals, look for example here.. 

Redefining normal human emotion as a medical illness control and conditioning. 

You will be limited in your freedom via this insidious deception that is the DSM -5 , just wait for DSM -6-7-9

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Billionaire owned Media dishes up.

News double speak..

Distraction and dumbing down, via Kim's kardass, Honey's boo, Dancing with the Tards,

Blanderson hooper, Hollow wolfofits, etc.

Our byline is... "The News We want You to See", 

Bread and Circuses, Nero fiddles while Rome implodes.

Millionaire Congress Critter's only job is to pass 1400 page bills to find out what the Authors wrote.

The unwashed masses haven't a clue, and of course no one could have seen this coming.

Selfish mid level 'Controllers', getting 'Mine', the Preatorian Guards, think, they are Big swingin dicks, but in reality are useful idiots.

Self important, necessary cogs and wheels, until their turn for the grinder, and they definitely won't see it coming, till the door to the sanctuary bolts shut with them outside with the rest of us useless eaters.

I would ask all readers to look a little deeper into their own hearts and think a little deeper, investigate further and inform loved ones of your insights.

Love one another and plan on sticking together, as a unit to assist each other pull through tough times on the horizon.

"A man can be destroyed but not defeated."

Ernest Hemingway

Read more at http://www.brainyquote.com/quotes/quotes/e/ernesthemi152926.html#yvb0d8isZlXrlEOd.99 

 
Green Lantern's picture

FDR was connected to the

FDR was connected to the Fabians as well as his advisors.  It is out of those principles that the New Deal was orchestrated and we went from the individual pursuit have happiness to you can't do it without government. 

DeaconBenjamin's picture

Silver Vault for 200 Tons Starts in Singapore as Wealthy Buy

 

 

A silver vault that can hold 200 metric tons opens in Singapore this week to cater for increasing demand for physical precious metals among Asia’s wealthy even as the commodity leads declines this year.

The new facility is 30 percent booked at the opening, said Joshua Rotbart, precious-metals general manager at owner Malca-Amit Global Ltd. The storage will add to the firm’s five vaults at the Singapore FreePort, which are fully reserved for gold, he said in an interview. The repository can hold $128 million of silver at today’s prices. Gold is about 67 times more expensive.

While silver has lost 34 percent in 2013 on concern the U.S. Federal Reserve will taper stimulus, holdings in exchange-traded products have held steady. The number of high-net-worth individuals in the Asia-Pacific region expanded 9.4 percent last year, according to Cap Gemini SA (CAP) and Royal Bank of Canada. Deutsche Bank AG, UBS (UBSN) AG and JPMorgan Chase & Co. are among banks operating metals storage in Singapore.

“Our existing vaults at the FreePort are highly secured and the rate is too expensive to store silver there,” said Rotbart, who declined to say where the new facility is sited. “We need to find a solution, and we also see a strong demand.”

http://www.bloomberg.com/news/2013-07-28/silver-vault-for-200-tons-starts-in-singapore-as-wealthy-buy.html

Texas Sandman's picture

Getting nervous

The only TA you need to concern yourselves with.

50 DAY MA for gold: $1328.48

50 DAY MA for silver: $20.84

Still lots & lots of rocket fuel under these markets in the form of mo-mo tech fund shorts & successive closes above these levels may lead to a real short squeeze.  These levels are important ONLY because they are important to these Mr. Magoo's of the market.  Always wrong, big & very, very dumb.  There has been loose talk of a short squeeze on this board, but when those guys get nervous, you may see the real thing.

Parenthetically, I would note that on a weekly silver chart, my short period MACD is bullishly configured for only the first time since last November.  Though silver is still a long way from its MA, that is worthy of note because at the start of a move gold usually leads & silver then catches up & passes once the move has been established.  If there's a short squeeze in gold it's very, very likely silver will go as well.

That will be $9.95 please.

¤'s picture

Change is brewing...what's next?

The entrance to JPMorgan Chase's international headquarters on Park Avenue is seen in New York October 2, 2012.REUTERS/Shannon Stapleton

What next for the 'Wall Street Refiners' ?

NEW YORK - As JPMorgan Chase prepares to exit physical commodities trading, the spotlight is turning to the future of the two banks that have dominated Wall Street's involvement in the natural resources supply chain for 30 years. Full Article

http://www.reuters.com/

Patrancus's picture

This will get you

amped up if you are expecting to receive a gooberment pension, and for the alternative situation and a person not expecting to receive anything from goob, well it's kind of difficult to give a shit, other than how do I make it next to impossible for goob to steal what I on my own have managed to save and squirrel away for my own daily existence?

http://www.naturalnews.com/041298_unfunded_liabilities_retiree_pensions_government_confiscation.html

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