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!