Big Thinkers: Orlov's Book and Current Events - Part 1
352 Comments

Sep 6, 2013 - 8:58am
Part-time nation...
These numbers are cooked... and we have been herded and cajoled into believing them. The facts clearly point to a hard line shift of the workforce from full to part-time work. The quality of the jobs available and the hours open to work them is on a downward trend. The government has seen fit to ignore the ever increasing number of people that fall off their charts as their unemployment benefits run out and they are no longer seen as people looking for work... so they disappear off the denominator. The people reappear on the SNAP and welfare roles, but, conveniently, are no longer counted in the published "unemployment" figures utilized to bolster a rosier picture of our economy. The days these numbers come out are further reminders how far down the rabbit hole we have gone and projects just how far will are willing to descend...

Sep 6, 2013 - 9:06am
One Flew Over The Cuckoos Nest
Just catching up on last nights comments and enjoying the voyage so far.
TGIF!
Most overlooked driver of PM price: ALIEN ABDUCTION
Check it out:
In the Household survey, the figures are even worse for those not in the labor force. It rose from 89.957 million in July to 90.473 million in August, a new high — and a jump of 516,000, not 312,000. That’s a half-million people who disappeared out of the labor force in a month. (link)
Clearly, this is obvious evidence that aliens are supporting Fed policy by 'disappearing' hundreds of thousands of citizens each month to keep the official unemployment rate down. So everything is peachy, unemployment is dropping, and the taper can go on as planned. Cool.
"What's up, yo? Let me teach you some sweet gang signs I learned in the Votare Nebula"
Oh, and by the way- Janet Yellen is obviously one of them. This is her trying to simulate a human "smile" and not really pulling it off. Janet, you aren't fooling anyone.
ag1969
Notice the three metallic "dangles" on the left side of the necklace are completely defying the laws of gravity and are instead being pulled upwards towards her throat? Word on the street is, their proton-powered voice simulator throat implants create a small magnetic field. NOT human. Just sayin'...
Larry Summers, also clearly one
Here he is sending a secret mind-meld signal:

Sep 6, 2013 - 9:51am
no more beating around the bush!
it doesn't get clearer than this.
Putin officially will assist Syria if US is to attack.
scary mode: on!
https://www.zerohedge.com/news/2013-09-06/putin-brings-it-says-will-assist-syria-case-attack

Sep 6, 2013 - 9:57am
XTY: A belated good morning to ya,
you shrill, condescending, contentious, pirate-talkin' Canuck!
We could do this all day!
I'll throw Gensler into the mix- CLEARLY not human. Proof:
"Must rehydrate. Earth atmosphere uncomfortably dry."
.
"One time I ran from a Grackosaur on Jauron 5... it had huge pincer jaws. I wet myself."
.
"On my planet, when we like a girl we feebly raise our hand towards them. Like this. I never learned what happens after that."
.
"Our investigation into possible irregularities in the silver market is ongoing"
I'll accept condescending and contentious
but I am still not accepting shrill. So a hearty good mornin' back at you, eh? from my lofty perch atop the poop deck (which I was tempted to use for my Lighthouse, but in general I shy away from the scatalogical).
Poop deck:
1. a raised open deck at the stern of a ship, with cabins below it
[origin: 1815; from Latin puppis, 'stern, poop', French poupe, from Old Provençal poppa.]
HOWARD’S USAGE:
High ships, proud ships, towering at their poops,
Galleons flaunting their pinnacles of pride,
Battleships and merchantmen and long, lean sloops,
Flagships floating with the schooners on the tide.
And there’s a Viking Serpent that sailed the northern seas,
That knew the stride of giants, ferocious gods of brawn,
And there’s a lateened rover that billowed to the breeze,
There a ship that sailed from Tyre when the waves were tinged with fire
And the first skies of history were rosying to dawn.
[from “The Isle of Hy-Brasil”; to read the complete poem, see The Collected Poetry of Robert E. Howard, p. 295 and Always Comes Evening, p. 39]
Posted in REH Poetry, Word of the Week |
This is important
Pretty much says it all: https://www.zerohedge.com/news/2013-09-06/real-unemployment-rate-rises-114-difference-between-reported-and-real-data-rises-rec
Do you remember this post from July?: https://www.tfmetalsreport.com/blog/4850/distracted
Here are the salient points:
Finally, today, we've got to talk about this: https://www.zerohedge.com/news/2013-07-18/jobs-number-bs-says-former-head-bls.
And here's the source link to read, too: https://www.nypost.com/p/news/business/bls_number_is_bs_jaKS2Nc8Yu2TrnETK2bXEM
We talk about LIES and MOPE and SPIN all the time here. Maybe you, my dear reader, think that I'm the one who is full of it. That I'm the one who lies and spins. Well, I submit to you the information above.
Understand this: Keith Hall was, from 2008 to 2012, the head of the Bureau of Labor Statistics, the BLS. The Head Honcho. The Big Cheese. If anybody is going to know the inner working of the BLS, it's this guy. And what does he say in the article above? That's it's all bullshit. (Thus the justification for our term "BLSBS".) Hall explains as much right here:
“Right now [it’s] misleadingly low,” says Hall, who believes a truer reading of those now wanting a job but without one to be more than 10 percent.
The fly in the ointment is the BLS employment-to-population ratio, which is currently at 58.7 percent. “It’s lower than it was when the recession ended. I think that’s a remarkable statistic,” says Hall, a senior research fellow at the Mercatus Center at George Mason University in Fairfax, Va.
That level tells Hall the real unemployment rate is actually about 3 percentage points higher than the BLS number. If the jobless rate is unacceptable at 7.6 percent, it’d be shockingly bad if he is right and the true rate is 10.6 percent."
If the "unemployment rate" was actually reported at 10.6% instead of 7.6%, what would be the status of:
- The treasury market and interest rates
- The stock market
- QE "taper"
- Milhous' approval rating
- Congress' approval rating
You see, it's all lies! The actual data doesn't matter, just make up a number and have CNBS report it. It's all good and the music plays a little bit longer. But the Day of Reckoning is coming. Like any other human endeavor, you can lie and cheat your way through life for a while...but eventually it catches up with you and it all comes crashing down. Will The End come next week or next month? Hell, I don't know. If I've learned anything these past four years it's that I should never underestimate the power of TPTB to extend and pretend their way to a maintenance of their power. With the politicians, bureaucrats and media in your corner, you're bound to have temporary success in avoiding reality. But this will endand, when it does, you're going to be grateful for every ounce of physical gold and silver you have in your possession. These last nine months of contrived Bullion Bank scheming will be a long-forgotten memory.

Sep 6, 2013 - 10:28am
Here's Mister Heat Miser...
He's also an alien, but his domain starts with "he" and has double hockey sticks at the end....
you'll notice the similarities...
It's all Pining's fault.... he started it! :-)

Sep 6, 2013 - 10:39am
Mr Heat Miser?
that's Jim Comisekey's mini-me that he keeps on his desk!

Sep 6, 2013 - 10:42am
BS, indeed, Turd.
But it's official, government sanctioned BS. Try telling John Q Public that it's a pack of lies.

Sep 6, 2013 - 10:44am
Obama preparing 'significantly larger' attack on Syria than anti


Sep 6, 2013 - 10:45am
Xty
Now you've angered the sea gods and they are coming for your light house.
Kidding aside, some fantastic pictures to take us away from what the MSM calls reality
2013 National Geographic Traveler Photo Contest May 17, 2013 |The 25th annual National Geographic Traveler Photo Contest is under way, and entries will be accepted for another six weeks, until June 30, 2013. First prize winner will receive a 10-day Galapagos expedition for two. National Geographic was once more kind enough to allow me to share some of the early entries with you here, gathered from four categories: Travel Portraits, Outdoor Scenes, Sense of Place, and Spontaneous Moments. Photos and captions by the photographers. [42 photos]
https://www.theatlantic.com/infocus/2013/05/2013-national-geographic-tra...

Sep 6, 2013 - 10:57am
The myth:
JIM WILLIE: MYTHS, LIES, DECEPTIONS, & MILLSTONES
SEPTEMBER 6, 2013 BY THE DOC 7 COMMENTS
The myth is that the QE programs are stimulus to the US financial system. The myth is that the US is still a beacon of freedom.
The myth is that both Russia and China have no concept of leadership, no concept of capitalism, and are fraught with corruption, if not broken systems.
The greatest myth of all is that the USDollar is money.
The reality is that the United States is caught in the mire of profound insolvency, a lopsided economy lacking industry, a government incapable of managing its spending, and a lethal devotion to war. The United States has created some powerful enemies over the last couple decades. The Russians & Chinese are dedicated to establish a new fair monetary system, and a new fair trade settlement system. A new Gold Standard is coming, led by the East, driven through trade.
The United States will be outside looking in, no longer able to control the system. [Read more...]

Sep 6, 2013 - 11:03am
XTY
Appreciate the sharing of nautical lore, and the poetry! No time for an adequate reply now. Busy day.

Sep 6, 2013 - 11:09am
ag1969
Seriously, he's making eye contact with the camera operator there... that's an intentional image, I think.

Sep 6, 2013 - 11:11am
How Many Treasurys Do Russia
-
-
in
Between the two of them, this much: $1,414 billion, or 25% of all foreign held US Treasury paper.
Now the question is - if the military escalation begins, would one or both dump without regard for price, crush the carefully manicured rate-driven recovery, and punch the ultimate decision-maker behind the Syrian war, the Federal Reserve and the banker uberclass, where it really hurts?
Source: TIC
-

Sep 6, 2013 - 11:12am
Argent
It is an innate hand gesture. That is how you say "Shhhhhhhhh" in Kenya!

Sep 6, 2013 - 11:41am
Significantly larger attack =
I am afraid......a significantly large false flag.....the only thing that will provide cover for WWIII. Two ships bumping in the much overcrowded Mediteranian will not suffice.... We are seeing a much higher % response against this military action on what is considered weak/inconclusive evidence. Do not be surprised by what occurs. IMO.

Sep 6, 2013 - 11:56am
Bond rate situation
The 10Y yield has little to do with historic rates. It has everything to do with the CURRENT STATE of the markets. Extreme overleverage, extreme margin debt, Quadrillions of dollars in interest rate sensitive derivatives etc. Combined with years of ZIRP having established floors and ceilings.
I am surprised some of you fell for vapid arguments like "interest rates have been higher in the past" silliness.
Anyway I still encourage people to consider there will be no "crashes". Just look at data out of China. Its extremely faked. The US is no longer any better or different than China no matter what the propaganda or jingoism of the day says. The Fed will eventually own so much the treasury market that they have it cornered, they can probably make it "say" whatever they like at that point.
The real "crash" will be when no one actually takes the 10Y yield seriously for determining other rates. Stop thinking conventionally. The markets are dead people. Dead. Your correlations are already failing and and are going to fail even worse as time marches on. This is because they were not causitive but just strongly correlated as the markets go through their long slow death these correlations break down as no longer operate off of anything other than bullshit.
The "crash" will not be in numbers it will be in confidence and belief. The crash will be a disconnect and disregard that anything of this crap has any meaning or causation. The Fed won't let the bond market crash and the more they don't let it, the more divorced from reality it will be and the more useless it becomes.

Sep 6, 2013 - 12:10pm
ctob
Excellent analysis.
I think the numbers are meaningless now, but they will continue to be more so, as more people wake up.