More BLS BS

96
Fri, Dec 2, 2016 - 10:57am

Last weekend, the Washington Post reported a new, McCarthy-type black list of "fake" political news sites. The mainstream reporting of the the current economic news is now so pathetic and biased that there will no doubt soon be a similar list of "fake" economic news sites. The "reporting" of today's disastrous employment report is just the most example.

Again, we don't call it the BLSBS for nothing...

Here's just a random sampling of the stories being paraded out by the so-called "mainstream media":

The general theme is that the U.S. economy is so strong and robust that The Fed must now soon raise interest rates. The unemployment rate "paints a picture" of the "strong economic tailwinds" that Trump inherits as he takes office.

In the most basic sense, this is your Financial-Political-Media Complex carrying the water for The Fed and their Bankers. The Bankers want a rate hike and the media paints the canvas in order to make it possible.

But here are the FACTS.

  • The amount of Americans NOT IN THE LABOR FORCE just reached a new ALL-TIME high of over 95,000,000
  • On balance, the ONLY jobs being added are PART-TIME
  • And the number of multiple holders is surging.

So is this a "robust" economy and "full employment" as the Banker shills lead you to conclude?

Or, instead, is the backbone of the US economy...the very foundation...millions upon millions of "middle income" people...desperately scraping and scratching in an attempt to keep afloat?

As we've noted for the past several months, the BLS stated "job growth" never comes from productive, career-building full-time jobs. Instead, all of the growth is in PART-TIME employment. Courtesy of ZeroHedge, here are the past three months of the "job growth" breakdown:

Or you can add all three months together...September through November...the period where interest rates have skyrocketed allegedly because the US economy is so strong thus forcing/enabling The Fed to raise the Fed Funds rate...and you get this:

Does that look like an "economic tailwind" to you? So who's reporting the truth? Yours truly or CNN?

And then let's factor in this unfortunate statistic. The amount of people in the U.S. who are being forced to work multiple jobs is at an ALL-TIME HIGH. ALL-TIME AS IN FOREVER AND NEVER BEFORE SEEN! See this chart, also from ZH:

So what we have in America is an economy which, for various reasons, only produces part-time jobs and the vast amount of the citizenry is being forced to work multiple jobs in a desperate attempt to make ends meet. My personal frustration with all of this led me to write this post earlier this week. Perhaps you missed it: https://www.tfmetalsreport.com/blog/8015/another-day-paradise

The point is...Just as "alternative" news sites are now being maligned and black-listed for providing factual election coverage, soon alternative financial news sites such as this one will also be impugned and marginalized. Promoting the Banker-approved message to the masses will be all that is allowed. Anyone or any entity that attempts to explain the truth and facts on the ground will be cast as foreign agents or outright, unpatriotic liars.

As this pertains to the precious metals, we've already seen this over the six-year life of TFMR. We're "conspiracy theorists" who act as "charlatans" and "pumpers", duping the poor hoi polloi into sinking their life savings into worthless "pet rocks". Never mind the HISTORICAL FACT of government gold price suppression and manipulation from the late 1950s to the London Gold Pool to the introduction of Comex gold futures on January 1, 1975, just one day after U.S. citizens were finally allowed to purchase gold again after a 32-year moratorium.

No way, no sirree. The paper derivative gold market is free, true and fair. The stated price is only discovered through benevolent Bullion Banks making a market and providing essential hedging services to their mining company clients. Anyone who believes otherwise is a "con artist" looking for ad clicks.

In the end...and as in everything...use your own brain. Value your own logic and trust your own conclusions. Do not be misled by the agendas of Financial-Political-Media Complex. Instead, recognize that the scope of the lies and message control can only be indicative of the desperate final days of those clinging to the power granted to them by the old, dying "system". You can either trust your instincts and use this time to prepare accordingly for the paradigm-shifting changes that are to come or you can be a part of the duped masses, sitting on your roof amidst the floodwaters, holding a sign that says "HELP ME".

The choice is yours.

TF

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About the Author

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turd [at] tfmetalsreport [dot] com ()

  96 Comments

chrtoo
Dec 2, 2016 - 10:56am

1

Happy Friday and First!

PMs green but only by a little; we all have to start somewhere!

CHR.

Dec 2, 2016 - 10:59am
billhilly
Dec 2, 2016 - 11:02am

hey chrtoo...

you have a familiar look to you...could we be kin ?

and I'd like y'all to meet my pa...

Let's hope the day stays strong !

Dec 2, 2016 - 11:04am

re gold

As stated in yesterday's podcast, my only concern for today is how the POSX reacts to the BLSBS.

Let's allow things to settle out and then we'll dissect the charts in today's show.

Marcrward
Dec 2, 2016 - 11:15am

Turd's insight

for 40 cents a day...

must be the best deal EVER.

Keep stacking friends.

TEOTGKE is upon us.

canary
Dec 2, 2016 - 11:15am

Unemployment

To me, everybody (of working age) who is not working...is unemployed.

But don't take me seriously...I dropped out of 3rd grade (in Siberia).

Marchas45
Dec 2, 2016 - 11:21am

4th

Let's see, O! Well 5th. Keep Stacking

Whitecastle123Marchas45
Dec 2, 2016 - 11:28am
g0ldenb0y
Dec 2, 2016 - 11:41am

Greatest jobs president ever.....WTF?

I believe that's what I heard pantload Joe Kernan spouting out of his pie hole right after the jobs numbers were announced by Hamster Person. My gawd these people are useless .... just turn down the volume and watch the ticker go by. Oh and the eye candy..... Sarah, Kelly, oh my.... Who needs Maria Badaroma when you have all this young talent on CNBC??

Dec 2, 2016 - 11:42am

that's your pa?

Billhilly,

You must be rolling in fiat and stacking to the moon with all that wealth he left you when he passed. Or is he still alive?

Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

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Key Economic Events Week of 1/13

1/14 8:30 ET CPI
1/14 9:00 ET Goon Williams
1/15 8:30 ET PPI and Empire Fed
1/16 8:30 ET Retail Sales and Philly Fed
1/17 8:30 ET Housing Starts
1/17 9:15 Et Cap Ute and Ind Prod

Key Economic Events Week of 1/6

1/7 8:30 ET US trade deficit
1/7 10:00 ET ISM Services PMI
1/7 10:00 ET Factory Orders
1/8 8:15 ET ADP employment
1/9 8:00 ET Goon Chlamydia speech
1/9 1:20 ET Goon Evans 2:00 ET Goon Bullard
1/10 8:30 ET BLSBS
1/10 10:00 ET Wholesale Inventories

Key Economic Events Week of 12/16

12/16 8:30 ET Empire State Manu Idx
12/16 9:45 ET Markit flash PMIs Dec
12/17 8:30 ET Housing Starts and Bldg Perms
12/17 9:15 ET Cap Ute and Ind Prod
12/19 8:30 ET Philly Fed
12/20 8:30 ET Final guess Q3 GDP
12/20 10:00 ET Pers Inc and Spending
12/20 10:00 ET Core Inflation

Key Economic Events Week of 12/9

12/10 8:30 ET Productivity and Unit Labor Costs
12/11 8:30 ET CPI
12/11 2:00 pm ET FOMC fedlines
12/11 2:30 pm ET CGP presser
12/12 8:30 ET PPI
12/13 8:30 ET Retail Sales
12/13 10:00 ET Business Inventories
12/13 11:00 ET Goon Williams speech

Key Economic Events Week of 12/2

12/2 9:45 ET Markit Manu PMI
12/2 10:00 ET ISM Manu PMI
12/2 10:00 ET Construction Spending
12/4 9:45 ET Markit Services PMI
12/4 10:00 ET ISM Services PMI
12/5 8:30 ET Trade Deficit
12/5 10:00 ET Factory Orders
12/6 8:30 ET BLSBS
12/6 10:00 ET Wholesale Inventories

Key Economic Events Week of 11/25

11/25 8:30 ET Chicago Fed Nat'l Idx
11/25 7:00 pm ET CGP speech
11/26 8:30 ET Advance Trade
11/26 9:00 ET Case-Shiller home prices
11/26 10:00 ET New home sales
11/26 10:00 ET Consumer Confidence
11/27 8:30 ET Q3 GDP 2nd guess
11/27 8:30 ET Durable Goods
11/27 9:45 ET Chicago PMI
11/27 10:00 ET Pers Inc & Cons Spndg
11/27 10:00 ET Core inflation
11/27 2:00 pm ET Beige Book

Key Economic Events Week of 11/18

11/19 8:30 ET Housing Starts & Bldg Perms
11/20 2:00 ET October FOMC minutes
11/21 8:30 ET Philly Fed
11/21 10:00 ET Existing Home Sales
11/22 9:45 ET Markit November Flash PMIs

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

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