The US government and Ben Bernanke claim that inflation in our country is low and under control. How low? According to them it is at 1.5%. Funny, the rising stock market is being led by the surging price of commodities. Here is what 1.5% inflation looks like according to the latest Wall Street stats: Cotton is up 146%, Coffee is up 90%, Corn is up 87%, Wheat is up 80%, Soybeans is up 58% and Live Cattle is up 25%. Gas? Every time you refill you know you face an empty wallet or a credit rejection to one of your charge cards. Last year, it was high at around $2.50 per gallon and this January it is over $3.00 per gallon and in an uptrend. Of course, Ben and the government don't need energy or food and that explains their attitude.
However, Kraft Food and Sara Lee(and nobody doesn't like Sara Lee)claim that they have to raise the price of their products because of the rise in commodities or they will lose money for their shareholders.
So, who you gonna call? GhostBusters?
P.S. By the way the government revealed on a back page that 215,000 fewer jobs were created than originally calculated in 2010. And it takes at least 150,000 new jobs per month just to keep up with the population growth. What was January's figure again? Oh, yeah, 36,000 and the stock market keeps rising.
Saturday, February 12, 2011
Saturday, February 5, 2011
The Massaging of Stats...Odds and Ends
The most recent unemployment report stated that payrolls increased and there were less claims for the jobless. Sounds nice, doesn't it? The report said that unemployment dipped to 9%, down from December's 9.1%. Good trend, wouldn't you say? The ADP report on jobs adds another 36,000 jobs. Yeah! This is after the 140,000 jobs added in December. Double Yeah! Question? Where's yours..mine?
The stock market responded with new highs and President Obama is getting an uptick with the public, however this is all media lies and massaging of stat facts.
When you ask yourself this and see the prices for gasoline and food, you know the truth. They are all lying. If you add the population growth, legal and illegal, along with the number of new high school and college grads entering the workforce to the 14.5 million unemployed, it takes more than 145,000 new jobs every month to lower the unemployment rate. And keep in mind, the forecasters said that there was going to be 240,000 jobs in December and another 140,000 jobs in January and both missed - BIG TIME!
Elsewhere: "Helicopter"Ben Bernanke denied the accusations from China and around the world that his excess printing of dollars is exporting inflation to everyone. Yeah, everyone is wrong except me(Ben) and yet, gas is up over $3. dollars per gallon and food doesn't fly off the shelf because it is too expensive. Nevertheless, many countries are beginning to amass supplies of food like rice, wheat and corn to counter the rise in these commodities. These actions will add to global inflation.
Secretary of State, Clinton appeared on TV to say that the perpetrators of violence in Egypt should be brought to justice while at the same time she is behind the policy that allows our drones to fly over Iraq and Afghanistan killing many innocent civilians. PHONY!
The stock market responded with new highs and President Obama is getting an uptick with the public, however this is all media lies and massaging of stat facts.
When you ask yourself this and see the prices for gasoline and food, you know the truth. They are all lying. If you add the population growth, legal and illegal, along with the number of new high school and college grads entering the workforce to the 14.5 million unemployed, it takes more than 145,000 new jobs every month to lower the unemployment rate. And keep in mind, the forecasters said that there was going to be 240,000 jobs in December and another 140,000 jobs in January and both missed - BIG TIME!
Elsewhere: "Helicopter"Ben Bernanke denied the accusations from China and around the world that his excess printing of dollars is exporting inflation to everyone. Yeah, everyone is wrong except me(Ben) and yet, gas is up over $3. dollars per gallon and food doesn't fly off the shelf because it is too expensive. Nevertheless, many countries are beginning to amass supplies of food like rice, wheat and corn to counter the rise in these commodities. These actions will add to global inflation.
Secretary of State, Clinton appeared on TV to say that the perpetrators of violence in Egypt should be brought to justice while at the same time she is behind the policy that allows our drones to fly over Iraq and Afghanistan killing many innocent civilians. PHONY!
Saturday, January 29, 2011
STATE of the UNION...the BS stops here
President Obama gave another rhetoric performance, and although this one was too long, it lifted morale. However, the past shows his words lack follow-through as he has failed to end the wars, provide universal health care and regulate the financial industry. I grew up with the truth, "action speaks louder than words." He changed his focus from the above campaign promises to infrastructure, technology, education and the deficit.
He did mention both infrastructure and the technology for the electric grid in his inaugural address, but no action just empty thoughts. The wars still eat lives, resources and adds to the deficit to the tune of two billion a day. The president wants to adjust President Bush's "no student left behind" with his "race to the top." Finally, he showed his true colors of appeasement rather than conviction when he made a deal with the Republicans two weeks ago to extend the Bush tax cuts which added another $855 billion to our deficit which by the way equals the total deficit of President Clinton's two terms in office in just one minute.
The Republican response was more realistic delivered by Congressman, Paul Ryan. His presentation was very truthful and somber, however you cannot trust the Republicans whose party has been hijacked by the wealthy. In fact, it was later revealed that the whole Republican party did not endorse Mr.Ryan's words and there was even another response by the Tea Party which too has been hijacked by the Republican elite.
I voted for President Obama the first time, but I will not vote for him again. He is an appeaser not a leader. To talk about the deficit and at the same time run a budget of over $1.5 trillion dollars is hypocrisy. In addition, our deficit will exceed 60% of GDP in 2011. When you look at this speech it was nothing more than his reelection campaign getting tuned up. His new direction at education sought of deflects from his original campaign promises and within it offers true irony.
His administration is currently pushing the dollar lower to increase exports(14% of economy) which only helps our large international companies and does nor create jobs because our nation is the only true domestic economy(86% of economy) in the world and we need to create jobs that increase our domestic side of the equation. However, this devaluing of the dollar has caused the global community to do the same exact thing to their currencies and here is the irony of the policy, all currencies are racing to the bottom, to be the lowest currency so they can increase exports. How's that for excellence? Will they teach this in our school system?
All these erroneous economic policies are heading us for another crisis, this one will center on the dollar as the world's reserve currency and play right into the hands of the One World Group under the leadership of the banking industry. We need a new political party that represents the poor and middle class who are the people and not the "free trade" people who are our aristocrats and who are destroying the concept of America as established by our Founding Fathers under the thinking of Jefferson and Madison. Our nation leads the world in the economic gap between the top and bottom and currently have 43.2 million people living in poverty. Put the NEO-FEDERALIST on the voting ticket. A party of the people, by the people and most importantly, for the people.
He did mention both infrastructure and the technology for the electric grid in his inaugural address, but no action just empty thoughts. The wars still eat lives, resources and adds to the deficit to the tune of two billion a day. The president wants to adjust President Bush's "no student left behind" with his "race to the top." Finally, he showed his true colors of appeasement rather than conviction when he made a deal with the Republicans two weeks ago to extend the Bush tax cuts which added another $855 billion to our deficit which by the way equals the total deficit of President Clinton's two terms in office in just one minute.
The Republican response was more realistic delivered by Congressman, Paul Ryan. His presentation was very truthful and somber, however you cannot trust the Republicans whose party has been hijacked by the wealthy. In fact, it was later revealed that the whole Republican party did not endorse Mr.Ryan's words and there was even another response by the Tea Party which too has been hijacked by the Republican elite.
I voted for President Obama the first time, but I will not vote for him again. He is an appeaser not a leader. To talk about the deficit and at the same time run a budget of over $1.5 trillion dollars is hypocrisy. In addition, our deficit will exceed 60% of GDP in 2011. When you look at this speech it was nothing more than his reelection campaign getting tuned up. His new direction at education sought of deflects from his original campaign promises and within it offers true irony.
His administration is currently pushing the dollar lower to increase exports(14% of economy) which only helps our large international companies and does nor create jobs because our nation is the only true domestic economy(86% of economy) in the world and we need to create jobs that increase our domestic side of the equation. However, this devaluing of the dollar has caused the global community to do the same exact thing to their currencies and here is the irony of the policy, all currencies are racing to the bottom, to be the lowest currency so they can increase exports. How's that for excellence? Will they teach this in our school system?
All these erroneous economic policies are heading us for another crisis, this one will center on the dollar as the world's reserve currency and play right into the hands of the One World Group under the leadership of the banking industry. We need a new political party that represents the poor and middle class who are the people and not the "free trade" people who are our aristocrats and who are destroying the concept of America as established by our Founding Fathers under the thinking of Jefferson and Madison. Our nation leads the world in the economic gap between the top and bottom and currently have 43.2 million people living in poverty. Put the NEO-FEDERALIST on the voting ticket. A party of the people, by the people and most importantly, for the people.
Thursday, January 20, 2011
Recovery? 20 Economic Records that tell another story.
* A new record of 2.87 million Americans received a foreclosure filing.
* A record one million homes were actually repossessed.
* The price of gold rose above $1400 an ounce while the purchasing power of the dollar hit a new low.
* Approximately 1.53 million consumer bankruptcy petitions according to the American Bankruptcy Institute
* Those lucky enough to secure a new job found it took over 35 weeks to find it - a record.
* Manufacturing fell below 10% . This is the lowest ever and getting worse!
* Part-time working Americans is the highest in five decades and those giving up the search - a new record.
* Government spending is at an all-time high along with the number of Americans collecting food stamps(43 mil)and over 50 million Americans on Medicaid and according to the Census Bureau, 43.6 million Americans living in poverty while at the same time Wall St. will provide $144 billion in compensation.
* 157 banks failed in 2010 - an increase over 2009 and over 2008.
* State and local government debt reached an all-time high and not to be out done, the US government surpassed $14 trillion in debt.
...and consider that almost all state and local governments were able to meet obligations due to the stimulus money which won't be available to them in 2011 and the many jobs that were "saved" due to that same stimulus money will await their fate, probably being laid off. In addition, any sovereign debt issues on default will cause a flight to the dollar, causing it to rise and that will choke off our exports, the robo-signing foreclosure disaster will add another spike in the foreclosing process and if that isn't enough, stock analysts predict another oil spike in price. But don't worry, this is the third year in the presidential cycle.
* A record one million homes were actually repossessed.
* The price of gold rose above $1400 an ounce while the purchasing power of the dollar hit a new low.
* Approximately 1.53 million consumer bankruptcy petitions according to the American Bankruptcy Institute
* Those lucky enough to secure a new job found it took over 35 weeks to find it - a record.
* Manufacturing fell below 10% . This is the lowest ever and getting worse!
* Part-time working Americans is the highest in five decades and those giving up the search - a new record.
* Government spending is at an all-time high along with the number of Americans collecting food stamps(43 mil)and over 50 million Americans on Medicaid and according to the Census Bureau, 43.6 million Americans living in poverty while at the same time Wall St. will provide $144 billion in compensation.
* 157 banks failed in 2010 - an increase over 2009 and over 2008.
* State and local government debt reached an all-time high and not to be out done, the US government surpassed $14 trillion in debt.
...and consider that almost all state and local governments were able to meet obligations due to the stimulus money which won't be available to them in 2011 and the many jobs that were "saved" due to that same stimulus money will await their fate, probably being laid off. In addition, any sovereign debt issues on default will cause a flight to the dollar, causing it to rise and that will choke off our exports, the robo-signing foreclosure disaster will add another spike in the foreclosing process and if that isn't enough, stock analysts predict another oil spike in price. But don't worry, this is the third year in the presidential cycle.
Wednesday, January 12, 2011
Blood Libel or Bloody Violent?
The tragic shooting this past week in Tucson, Arizona of Congresswoman, G. Giffords by the alleged shooter, Jared Loughner and many innocent bystanders reminds me of how violent our nation can become and the importance of wording like in this blog. Yes, I want to arouse the public to the offenses that I see happening within our society. Yes, I would like a call to action, however I prefer to utilize our democratic system even it it takes a lifetime. Sarah Palin takes offense in the blame for this recent outcome. She calls it,"Blood Libel!"
The PBS, Nightly News Hour posts a death roll when available due to the wars in Iraq and Afghanistan. Ours, started when I was young, JFK in 1963. Both Bobby Kennedy and MLK,jr. in 1968. John Lennon in 1980, et al. How about Kent State or Jackson State? The sad list goes on-and-on. When will we..."GIVE PEACE A CHANCE?"
The PBS, Nightly News Hour posts a death roll when available due to the wars in Iraq and Afghanistan. Ours, started when I was young, JFK in 1963. Both Bobby Kennedy and MLK,jr. in 1968. John Lennon in 1980, et al. How about Kent State or Jackson State? The sad list goes on-and-on. When will we..."GIVE PEACE A CHANCE?"
Tuesday, January 4, 2011
Layers Need A "CODE" ...Predictions for 2011
Hippocratic Oath, No! ...Just Hypocrites
One of the biggest problems that effects our nation is the fact that over 90% of Congress are lawyers, but no one addresses this caste system. This group should be nothing more than high priced clerks, however they have weaseled themselves into writing all our laws and basically, running our country. Lawyers need a Hippocratic oath, a code that says what is right goes before my client. Doctors take an oath to heal, but lawyers just want to win, whether justified or not. This is why we have loopholes. When someone says this is against the law, it does not apply to all. No, doesn't mean no and always seems to always have another option. Every law needs to be looked at and reviewed to justify that it is in the best interest of the nation has a whole and not satisfying a lobbyist request. How can companies commit felonies and still operate in the public domain? How can fracking under gas drilling be legal when toxic chemicals are included and are hidden from the public? Water is becoming contaminated because lawyers have no code or conscience. This group needs to be knocked down a few notches and one way is to make them accountable for every law that they write that turns out to be false statements.
Prediction for 2011
It will be the year that states will openly seek federal money to cover state revenue deficits. In the past states have always received federal money under different programs like stimulus, highway construction, pork barrel earmarks, grants, etc. Then, states covered their individual cities basically, doing the same concepts. The problem is that everyone is in the same dire straights and taking from Peter to give to Paul ends. I cannot wait to see how the phony conservative Republicans address this issue, since they were elected to cut government spending and shrink the federal deficit.
This won't be the first time that state governments went into default. In fact, in 1841 eight states and one territory - Florida, defaulted. A resolution to bail out the states was vetoed in Congress in 1843 because more money would only make states more reckless.
Today, California needs $25 billion, Illinois and New York need $10 billion each and on and on. It is on-and-on because the money needed to cover state budget gaps does not even include the unfunded state employee pension plans which balloons the sum total to $1.3 trillion. I see a new spending/bond program for a coalition of states to get them by in the future. Happy New Year!
P.S. I see and ironically, the US dollar rallying which will be good for the poor and middle class because our dollar will buy more making food and energy cheaper. This will result from the sovereign debt problems in Europe. Gold will have a down first half of the year, but that will be a great buying opportunity, if you can understand the long-term implications of our national debt and what that will do to the purchasing power of the dollar. Housing will suffer another leg down and then, it will begin to stabilize. Labor will continue to suffer until the lie of free trade is revealed. It originates from aristocratic thinking which is anti-democratic and thus, anti-American. We only will return to prosperity when we provide some layer of protectionism for our nation. That fact alone mandates a need for a new political party. a party that follows the thinking of Jefferson and Madison.
One of the biggest problems that effects our nation is the fact that over 90% of Congress are lawyers, but no one addresses this caste system. This group should be nothing more than high priced clerks, however they have weaseled themselves into writing all our laws and basically, running our country. Lawyers need a Hippocratic oath, a code that says what is right goes before my client. Doctors take an oath to heal, but lawyers just want to win, whether justified or not. This is why we have loopholes. When someone says this is against the law, it does not apply to all. No, doesn't mean no and always seems to always have another option. Every law needs to be looked at and reviewed to justify that it is in the best interest of the nation has a whole and not satisfying a lobbyist request. How can companies commit felonies and still operate in the public domain? How can fracking under gas drilling be legal when toxic chemicals are included and are hidden from the public? Water is becoming contaminated because lawyers have no code or conscience. This group needs to be knocked down a few notches and one way is to make them accountable for every law that they write that turns out to be false statements.
Prediction for 2011
It will be the year that states will openly seek federal money to cover state revenue deficits. In the past states have always received federal money under different programs like stimulus, highway construction, pork barrel earmarks, grants, etc. Then, states covered their individual cities basically, doing the same concepts. The problem is that everyone is in the same dire straights and taking from Peter to give to Paul ends. I cannot wait to see how the phony conservative Republicans address this issue, since they were elected to cut government spending and shrink the federal deficit.
This won't be the first time that state governments went into default. In fact, in 1841 eight states and one territory - Florida, defaulted. A resolution to bail out the states was vetoed in Congress in 1843 because more money would only make states more reckless.
Today, California needs $25 billion, Illinois and New York need $10 billion each and on and on. It is on-and-on because the money needed to cover state budget gaps does not even include the unfunded state employee pension plans which balloons the sum total to $1.3 trillion. I see a new spending/bond program for a coalition of states to get them by in the future. Happy New Year!
P.S. I see and ironically, the US dollar rallying which will be good for the poor and middle class because our dollar will buy more making food and energy cheaper. This will result from the sovereign debt problems in Europe. Gold will have a down first half of the year, but that will be a great buying opportunity, if you can understand the long-term implications of our national debt and what that will do to the purchasing power of the dollar. Housing will suffer another leg down and then, it will begin to stabilize. Labor will continue to suffer until the lie of free trade is revealed. It originates from aristocratic thinking which is anti-democratic and thus, anti-American. We only will return to prosperity when we provide some layer of protectionism for our nation. That fact alone mandates a need for a new political party. a party that follows the thinking of Jefferson and Madison.
Thursday, December 23, 2010
Who's Ya Daddy?
Ben Bernanke, that's who. And now, he has decided (because the Fed is not elected which circumvents our democracy) to be the father of all central bankers the world over. Oh, Star of Wonder!
It is no wonder that the Federal Reserve opposed an audit of the Fed because it revealed the many expanded aspects of the bank. It showed how they used American taxpayers money to guarantee funds for the crisis not only to our banking industry, but to Europe as well. Bernanke said it was a one-time event to smooth over the financial meltdown in 2008. One time? He lies because this past week Bernanke has extended a credit line to EU central bank if funding is needed. Our Fed declared this is done under a swaps agreement as if this is part and parcel of the daily operations of the Fed. It isn't! This is putting American taxpayers on the hook and this is not even part of the original intention of the crooks at Jekyll Island.
When Portugal tips and you are still looking for a job, they get aid. When Spain needs cash, the Fed opens its ATM, but you won't because the deficits need to be held in check not-with-standing that Obama and his new backup group, the Republicans sing for the rich cause they buy CDs and we cannot afford food and gas. So, my fellow Americans I bid you a Merry Christmas and hope for the rise of a new political party in 2011. A party that relates to a Billy Joel Christmas Carol, called, "Allentown."
"Well we're living here in Allentown. And they're closing all the factories down. Out in Bethlehem they're killing time - filling out forms, standing in line. And we're living here in Allentown."
It is no wonder that the Federal Reserve opposed an audit of the Fed because it revealed the many expanded aspects of the bank. It showed how they used American taxpayers money to guarantee funds for the crisis not only to our banking industry, but to Europe as well. Bernanke said it was a one-time event to smooth over the financial meltdown in 2008. One time? He lies because this past week Bernanke has extended a credit line to EU central bank if funding is needed. Our Fed declared this is done under a swaps agreement as if this is part and parcel of the daily operations of the Fed. It isn't! This is putting American taxpayers on the hook and this is not even part of the original intention of the crooks at Jekyll Island.
When Portugal tips and you are still looking for a job, they get aid. When Spain needs cash, the Fed opens its ATM, but you won't because the deficits need to be held in check not-with-standing that Obama and his new backup group, the Republicans sing for the rich cause they buy CDs and we cannot afford food and gas. So, my fellow Americans I bid you a Merry Christmas and hope for the rise of a new political party in 2011. A party that relates to a Billy Joel Christmas Carol, called, "Allentown."
"Well we're living here in Allentown. And they're closing all the factories down. Out in Bethlehem they're killing time - filling out forms, standing in line. And we're living here in Allentown."
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