More BLS BS

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

www.tfmetalsreport.com/subscribe

96 Comments

chrtoo's picture

1

Happy Friday and First!

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

CHR.

billhilly's picture

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 !

Turd Ferguson's picture

Today's Sprott audio

MODERATOR
canary's picture

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).sad

Turd Ferguson's picture

re gold

MODERATOR

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's picture

Turd's insight

for 40 cents a day...

must be the best deal EVER.

Keep stacking friends.

TEOTGKE is upon us.

marchas45's picture

4th

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

Whitecastle123's picture

Good tune for the day.

g0ldenb0y's picture

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??

Dr Jerome's picture

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?

TF Metals fan's picture

Unemployment numbers roundtripped from 2008

http://www.nytimes.com/2016/12/02/upshot/the-new-jobs-numbers-signal-the-end-of-an-economic-era.html

And I trust Turd's analysis over this data But it is good to see how the news is presented in the MSM.

Blaggers's picture

US Dollar Index

So close to it's neckline.........just willing it down now.

USDJPY just broke down through a short term support trendline.

If GDX can keep these gains or better into the close it will be encouraging.

First Majestic doing great today.

chocolatechiphorses's picture

Hope this helps the price of Gold

 President Recep Tayyip Erdogan urged Turks on Friday to convert their foreign currencies into gold and lira to stimulate the country’s economy as the lira continued its slide against the dollar.

 

http://www.breitbart.com/jerusalem/2016/12/02/erdogan-urges-turks-convert-foreign-currency-lira/

Dingo's picture

Fake versus Real.

To me it's not so much about observing the battles between fake news and real news. Or fake money versus real money. It's the personal decision of what side of the fence to sit on , between the two fairly distinct worlds of fakery and reality. I mean, I have to make conscious decisions to limit the exposure to the falseness of the world as it is today. Turning off the TV and turning down the volume of the radio hourly news/brain washings are a good start. Trying to save in bullion is another good/great measure. Spending lots of time in natural settings and with my family and friends (doing real activities) is a core value of mine. Whilst we can't really completely avoid entertainment, banking, news etc. (and nor should we) - we can empower ourselves by limiting our exposure to them and only selectively taking the best of these have to offer, in a limited way.

Which do you choose, True or False?

jwmkratz's picture

MSM reminds me of

...Baghdad Bob...He was hilarious! The whole f&*%ing landscape around him was scorched earth, and yet he reported night after night how the Iraqi forces were forging ahead toward victory....

I remember as a young child my parents repeatedly telling me not to do something ,and how it became an undeniable force to do it anyway...The American public will decide which news they can count on...the election was a perfect example of how the public was going to get the truth regardless of what they've been told. And in the aftermath "fake" news sites served up the truth that ultimately sealed the fate of MSM. They've lied their way into oblivion and now pay the price for their "fake" news.

H8Fiat's picture

Factual or Make Believe news

I've gotten to the point I'm not sure it matters with the masses.  So long as the Kardashian's are still on front page of Yahoo.

Watch a few Mark Dice video's and you know what I mean.  When it hits the fan we'll hear "no one saw it coming"

I weep for the future

H8

Turd Ferguson's picture

Another example

MODERATOR

Brietbart News has always been a "conservative" site in that it regularly posts information that is anti-liberal and thus anti-Obama/Clinton.

In the current movement, however, note that now Breitbart is "ultra-conservative" and providing a platform for "white nationalists". This is how the black-listing and New McCarthyism works. From the Yahoo front page:

AIJ's picture

Craig

That last paragraph had literary value.

Excellent!

tyberious's picture

Elite-Controlled Federal

Turd Ferguson's picture

Re Erdogan and gold

MODERATOR

Here's the ZH link to the story: http://www.zerohedge.com/news/2016-12-02/erdogan-demands-turks-exchange-their-dollars-gold-lira

As the chart shows, it's the best idea. Gold always protects against the wealth destruction of fiat devaluation.

Turd Ferguson's picture

Thank you

MODERATOR

One of these days, my book WILL be written. I even have the working title...just no extra time.

Response to: Craig
billhilly's picture

@Dr. Jerome

I wish !

Buddy Epsen died in 2003 at the age of 95.  He left behind 6 children.  The Beverly Hillbillies was/is one of the best all-time classic shows, imo.  Even then though, they were portraying the idea that "Bankers know best" and once they have your money it can be a struggle to wrench it away from them.  Any of the younger subscribers here might well enjoy this light-hearted, good-humored show, especially the early years,  if they've not seen it before. 

Sorry for the off-topic.  Now back to our regularly scheduled programming.

Miners outperforming today...HUI up nearly 4% now....can they lead the way for the metals next week ?  Let's hope so.

Blaggers's picture

Silver

Is Rock n' Rolling today.

Blaggers's picture

GLD

Looks ready to do the same.

Compwiz4u's picture

FFMGF - Pitch Fork Style

It looks like one of our favorites, FFMGF, is starting to take off.

Please sign up for my free newsletter @ compwiz4u.com

Turd Ferguson's picture

Also today

MODERATOR

It looks like a new weekly closing high for Bitcoin:

Blaggers's picture

FFMGF

Thanks for that Compwiz. My wife owns a bunch of that at 30 cents.

Interesting that Keith Neumeyer's other company - First Majestic - is doing so well today also.

Turd Ferguson's picture

Do you recall this chart from yesterday?

MODERATOR

Maybe something to feel upbeat about heading into the weekend?

Ferd Torgerson's picture

Trump Needs to Call “BS” on the “BLSBS”

First of all, Craig, thank you for helping educate all of us on the way in which our labor and hiring statistics are falsified.

But, it won’t be enough from here on for you to remain one of the few brokers of truth. Trump needs to capitalize on the latest round of BLSBS numbers and begin educating the wider audience that does not subscribe to TFMR.

Who can believe we have less than 5% unemployment?   That’s the number being touted and I even saw the screen crawler on Fox News last night saying the present levels of employment are believed to represent “full employment”.  In truth, all of our media is simply a “faucet” to pass through whatever sludge is given them to dispense to the public.

In one of his “thank you” speeches now in progress, Trump needs to have an interaction such as the below with his audience, while being broadcast on live television.

Trump:  “Let’s talk about our jobs situation, folks.  I’m going to ask our network people here to help us out.  We’re going to have the cameras pan the audience while I’m talking.  That’s right, I’m not going a step further until I see all cameras up there moving back and forth across the crowd.”

(Pause)

Trump:   “First, let’s see the hands of those who are out of work or know someone who’s out of a job”.

“Keep those hands raised.”

“Now lets see the hands of those who are working part-time jobs who need full time jobs.”

“Everyone, keep those hands raised.”

“Now, raise your hands if you or someone you know is having to work two jobs to get by when you once needed only one job”.

“You may not be able to see it here on the floor but our television audience can see how many hands are raised.  Does this look like what you call full employment to those watching?  Well, that’s what our leaders and our media want you to believe we have.”

“Once I’m inaugurated, we are going to start publishing real numbers on our jobs situation that some people don’t want you to see.  Right now, we are seeing false numbers to cover up all the jobs that have been outsourced overseas, taken by immigrants from our citizens or reduced in value due to a glutted labor market.”

“I wanted to discuss this with you and our viewers now because once we start publishing truthful jobs numbers, there will be some who want to blame the higher unemployment numbers on the new administration.  We are not going to let that happen.  We need to let the American people know just how bad the situation right now so they won’t be shocked when the truth starts to come out”.

Ferd

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