Multiple Part-Time Jobs and Central Bank Lies

188
Fri, Oct 7, 2016 - 11:10am

If anything, today's BLSBS reveals that the average US citizen is now working multiple, part-time jobs in a desperate attempt to make ends meet. And this "robust economy" that is "near full employment" is the supposed rationale for the Federal Reserve to raise the Fed Funds rate as soon as next month. What a perverted lie and scam this all is!

But we all knew there wasn't going to be a rate hike in November anyway and December is at worst 50/50. Today's "jobs report" only confirmed that: https://www.zerohedge.com/news/2016-10-07/fed-whispererr-hilenrath-kills...

However, let's get back to the internals of the BLSBS because I want you to stew on this for a while. We're told through and endless barrage of analysis, punditry and jawboning that The Fed will soon embark on a series of FF rate hikes...primarily because the US job market is so strong that it is near full employment. The thought goes that this will increase pressure to raise wages and, thus, spark inflation.

But below are the two most-important charts you'll see all day. Taken from the BLSBS data, note that the number of US citizens working multiple jobs is at the highest level since 2008 and that the only "growth" in jobs is coming from part-time positions.

This means exactly what you think it means. The Average Joe/Josie, having lost a high-quality full-time job due to downsizing or Obamacare or whatever has been forced to work multiple, part-time jobs just to make ends meet. AND THIS IS THE ROBUST US ECONOMY THAT DEMANDS A RATE HIKE! If anything should prove to you that:

  • Fed policy since at least 2008 is a complete disaster
  • The Fed does NOT work for the average citizen
  • The Fed, instead, does what its owner Banks want

This should do it! What more do you need to know? The lying, criminal Bankers DO NOT CARE about you, you neighbor or anyone outside of their Cabal. All that matters...and all they base their decisions upon...is what is the best course of action for the profitability and sustainability of the owner Banks! Period. End of story.

To that end, the Central Bankers seek to manage and manipulate ALL "markets" worldwide. Given the near impossibility of this task, the so-called regulators that work as pawns of this system look away as impassive, unconcerned observers as HFT the Central Bankers need instead dominate and destroy nearly everything. As an example, last evening the British Pound fell 5% in 5 seconds:

Why? How? That's easy. Again, with HFT, market depth and liquidity appears to be a mile wide. However, in reality, it's only one inch deep and bids or offers can be pulled at the speed of light. The result? Flash crashes...just like we saw last evening in the GBP.

And it is this same HFT that have led the exodus from paper gold and paper silver over the past 10 trading days. Once the 50-day MAs were taken out, the HFTs began to sell all rallies and bounces. Then, once the 100-day MAs were smashed, the outright dumping and liquidation began. Since Tuesday, September 27, when The Banks raided price to smash it through the 50-day, gold has fallen over or about 7%. Over the same time period, total Comex gold open interest has fallen by 89,000 contracts or about 15%. Do you see how this works?

So now, if you want paper gold and silver to go back higher, you need the HFTs to start buying those derivatives again. What will inspire them to do that? The same old, same old...falling interest rates and a sinking USDJPY. Though this trend in those two key inputs will, NO DOUBT, re-assert itself soon, in the meantime, we're left with no choice but to deal with the ongoing fallout of the recent "correction".

Since Tuesday's smash of the 100-day, the only thing we've cared about is whether or not price will manage to hold and close above the 200-day later today. After reaching a post-BLSBS high of 67 earlier, "gold" is back to 57 as I type. And where is the 200-day moving average for the Dec16 contract? It's near 61. See below while asking yourself if it really matters:

So, here we are again. We all get excited when the HFT-discovered, Comex-derivative, US dollar-priced gold print goes up...and we all get depressed when it gets smashed back lower. But why does it even freaking matter at this point? Oh sure, for some of us, the impact this has on "investments" like mining shares is quite detrimental. However, in the long run, do the past two weeks of HFT and Cartel Bank bullshit somehow make gold and silver less valuable for the protection/security reasons for which you bought them in the first place? OF COURSE NOT!

Look, EVERYTHING now is based upon lies, bullshit and illusions. EVERYTHING. Your choice is to either get caught up in the nonsense...like believing that the daily movements of the paper-derivative "gold price" are somehow directly related to the value and fundamentals of physical gold...or you can use your wisdom, understanding and experience to your advantage. Can you take what you've learned here and parlay this knowledge into an even greater level of protection and security from the events that are still, most assuredly, coming? And it's not just financial protection! This site also offers you a community of like-minded people who can educate you on personal and family protection, too. This is all advice that needs to be heeded! A world that is built upon a foundation of dishonesty, fraud and outright LIES cannot and will not last.

And again, just how pervasive is the criminality? Here's just your latest example. Jon Corzine stole nearly B from account holders at MFGlobal five years ago when he used customer funds in a desperate attempt to stave off bankruptcy due to his mismanagement of the company. For this CRIME, Mr. Corzine has never been prosecuted nor has he served any jail time. Instead, today we learn that Corzine is in talks to settle his liability with "the government" for just ,000,000. Now that's a lot of money to me and you but it's peanuts for someone like The Criminal Corzine. How does a scoundrel like this skate and escape the arcane notion of "justice"? What's that they say about a picture and a thousand words? Well, here are 2,000 words:

So, we'll continue to monitor the paper price as we search for opportune times to add to our personal stacks of wealth. But, please, you must understand that the world is not what you're led to believe and the current financial system is rigged in favor of The Bankers at your expense. Until this system collapses under the sheer weight of the accumulated fraud and deceit, your only winning move is opt out of the paper games and continue to prepare accordingly for the day of reckoning that is, without question, headed our way.

TF

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  188 Comments

argentuman
Oct 7, 2016 - 11:14am

Numero Dos

Now to read

twippers
Oct 7, 2016 - 11:16am

Last

I HATE the Fed and the Banks. Dirty, f'ing criminals.

argentuman
Oct 7, 2016 - 11:17am

Was Dos

Now Thurd

ArtL
Oct 7, 2016 - 11:18am

today we get the middle finger chart pattern

I guess that is better than the barfing camel.

LostMind
Oct 7, 2016 - 11:18am

A dream of an interview

Molyneux and Ann Coulter!!!! Very interesting interview

In Trump We Trust | Ann Coulter and Stefan Molyneux
MoonShiv
Oct 7, 2016 - 11:20am

My first 7th

On a BLSBS day

Danforth Coxwell
Oct 7, 2016 - 11:22am

Top 10…..

Go Jay's Go!!!!!!

viking-analytics.com
Oct 7, 2016 - 11:29am

Furst

As the bullion banks crush "gold" back below the 200 day MA, Psalm 73 seems particularly appropriate. In a world seemingly devoid of justice (Hillary, Corzine, etc. etc.), it is comforting to know that there WILL be justice - either in this world or in the next. I was an MF Global account holder, it was then that I learned that my money with brokers isn't really mine. Scary stuff. Great time to stack. GLTA

Psalm 73

1 Surely God is good to Israel, to those who are pure in heart.

2 But as for me, my feet had almost slipped; I had nearly lost my foothold.
3 For I envied the arrogant when I saw the prosperity of the wicked.

4 They have no struggles; their bodies are healthy and strong.
5 They are free from common human burdens; they are not plagued by human ills.
6 Therefore pride is their necklace; they clothe themselves with violence.
7 From their callous hearts comes iniquity; their evil imaginations have no limits.
8 They scoff, and speak with malice; with arrogance they threaten oppression.
9 Their mouths lay claim to heaven, and their tongues take possession of the earth.
10 Therefore their people turn to them and drink up waters in abundance.
11 They say, “How would God know? Does the Most High know anything?”

12 This is what the wicked are like—always free of care, they go on amassing wealth.

13 Surely in vain I have kept my heart pure and have washed my hands in innocence.
14 All day long I have been afflicted, and every morning brings new punishments.

15 If I had spoken out like that, I would have betrayed your children.
16 When I tried to understand all this, it troubled me deeply
17 till I entered the sanctuary of God; then I understood their final destiny.

18 Surely you place them on slippery ground; you cast them down to ruin.
19 How suddenly are they destroyed, completely swept away by terrors!
20 They are like a dream when one awakes; when you arise, Lord,
you will despise them as fantasies.

21 When my heart was grieved and my spirit embittered,
22 I was senseless and ignorant; I was a brute beast before you.

23 Yet I am always with you; you hold me by my right hand.
24 You guide me with your counsel, and afterward you will take me into glory.
25 Whom have I in heaven but you? And earth has nothing I desire besides you.
26 My flesh and my heart may fail, but God is the strength of my heart and my portion forever.

27 Those who are far from you will perish; you destroy all who are unfaithful to you.
28 But as for me, it is good to be near God. I have made the Sovereign Lord my refuge;
I will tell of all your deeds.

canary
Oct 7, 2016 - 11:31am

Greenspan, Bernanke, Yellen, Fischer, .........

"I swear to tell the truth, the whole truth, and nothing but the truth..."

Marcus
Oct 7, 2016 - 11:32am
Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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