Unemployment Hits 10.2%

[ccjoe]

Originally Posted by Burticus

According to John Williams at Shadow Gubmint Statistics, calculated the old way, real nationwide unemployment is 22% and rising.

http://www.shadowstats.com/alternate_data

Thank you my man because you've probably seen me and Jake hammering with the 17.5% and my opinion of 21%-23%.
You corroborated my thinking on that 22%
Wait till Feb on the cape, when it may hit 40%! Really as we have a summer tourist economy here.

[Burticus]

Gubmint-reported U6 is around 17%, but even that is a whitewash. The SGS graph is going vertical from 22%, which makes sense under current economic conditions with gangsters running the gubmint.

My CPA firm's collections are down about 10% from last year, even though we had no large concentration in banking, real estate development or retailing. We had no net reduction in employees for the practice, but we had to $#!+can two of our four employees in our perm/temp financial staffing business. The failure of another firm allowed us to hire a trained, experienced young CPA, but we had to let go our para-professional (bookkeeper), since CPAs could do her job but she could not do theirs.

There are more vacant storefronts and restaurants than I have ever seen before in the Tampa Bay area. My Scrounger (like Peter-san on "The Green Beret" with John Wayne), who is from Michigan, showed me a magazine article on Detroit, with a map showing 30-50+% deserted inner-city war zones. I know a large number of people who are either un- or under-employed. My hunting buddy was making six figures as a stucco contractor, but is now barely able to provide for his family. In a neighbor family I grew up with, five of six kids (now in their 40s & 50s) are unemployed, some now on the dole and all running out of FeRNs except one whose wife has a medical job. Etc., etc.

In 2007 - 2009, we got hit by the feeder bands from the financial hurricane. The main body of the storm is getting ready to hit very soon. You will know the eye of the storm is over us when the central banking/welfare-warfare model collapses, we cannot get oil or other imports with paper/electron FeRNs any more and TPTB attempt to impose the new cybercurrency of their New World Order. The sheeple will be forced to choose between getting silicon implanted in themselves or implanting lead in the banksters' enforcer-minions. Then we catch the other side of the storm.

When the cities become like stomped fire ant mounds, it will be time to load up the wagon trains with tons of silver, steel, lead and food, the doomsday seed bank, farming/gardening tools, other equipment & supplies and head for my brother's property on the Nature Coast near the Gulf, or to a farm swapped for 100 ounce silver bars, or to Dale's place up north...

[DaleFromCalgary]

"When the cities become like stomped fire ant mounds, it will be time to load up the wagon trains with tons of silver, steel, lead and food, the doomsday seed bank, farming/gardening tools, other equipment & supplies and head for my brother's property on the Nature Coast near the Gulf, or to a farm swapped for 100 ounce silver bars, or to Dale's place up north..."

It will be too late to accumulate those things by then; the time to do it is now. "Dale's place" is in a central Calgary suburb. Having grown up on a cattle ranch, I prefer to be in a city if financial armageddon arrives, because the rural areas will be worse off. The budget cutters are all city slickers.

[Katwoman]

Originally Posted by ccjoe

I sure wish a few of the good old boys from the neighborhood like Patrick Henry could talk to Pelosi and the gang of thugs before the health care vote today.

Maybe we need to incorporate little voodoo dolls of Nancy Pelosi all decked out in a tar and feather suit in our future protests on DC.

[Burticus]

Originally Posted by Katwoman

Maybe we need to incorporate little voodoo dolls of Nancy Pelosi all decked out in a tar and feather suit in our future protests on DC.

Where are all the political cartoonists when you need one? Another variation of Ms. Kat's cartoon could show a tarred and feathered Congresscritter walking beside another with partially-burnt suit and pitchforks sticking in his @$$, with the caption, "So, how was your Town Hall meeting?," and a couple banksters hanging in the background.

My idea for a cartoon suitable for a risque adult publication, shows a satisfied elephant with huge appendage walking away from a supine Lady Liberty with torn robe, black eye and torch stuck...well, never mind..., saying to a distressed-looking jackass, "You're turn."

Here is a real campaign ad I placed in the local Creative Loafing weekly alternative entertainment magazine.

[DaleFromCalgary]

"You will know the eye of the storm is over us when the central banking/welfare-warfare model collapses, we cannot get oil or other imports with paper/electron FeRNs any more and TPTB attempt to impose the new cybercurrency of their New World Order."

The territorial imperative will always win out at any attempt to impose a New World Order. Don't forget that Bretton Woods was a New World Order, and it was tossed overboard at the first storm squall.

I suggest that the greatest sea change in financial history was one that even now is little noted: in 2006, for the first time in history, private individuals owned more gold than the governments and central banks. That was when the cartel started to lose control.

[aequitas]

U-3 unemployment: 10.2%
U-6 unemployment: 17.5% (It includes discouraged workers and people who are working part time when they want full time work )

There is another measure no longer tracked by government agencies that is called alternative unemployment. It includes everyone in u-6 and long time discouraged workers, this number some estimate is around 22-23% but it includes people who have not looked for work in 2 years so its very broad.

Personally I feel the real number is between 15-20%

Notice the differential, U-6 is rising faster than U-3. Which means U-3 is underreporting as people become discouraged workers and more people accept part time jobs