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Banks told by Fed to test for 12% unemployment

 
No Dhimmi
Proud Infidel

User ID: 100741
United States
11/16/2012 12:13 PM

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Banks told by Fed to test for 12% unemployment
The Federal Reserve is asking 30 big banks to make sure their capital can withstand a deep recession in which the unemployment rate rises to 12%.

[link to www.marketwatch.com]
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
No Dhimmi (OP)
Proud Infidel

User ID: 100741
United States
11/16/2012 12:16 PM

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Re: Banks told by Fed to test for 12% unemployment
John Williams (ShadowStats.com) has October Year-to-Year inflation at 9.8%.

- Official Real Retail Sales Signal Recession
- Storm’s Impact on October Activity Was Mixed
- Official Real Earnings Sink to Four-Year Low,Down 2.7% Year-to-Year
- Annual Consumer and Wholesale Inflation Continue to Rise
- October Year-to-Year Inflation: 2.2% (CPI-U), 2.2% (CPI-W), 9.8% (SGS)

www.ShadowStats.com
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
No Dhimmi (OP)
Proud Infidel

User ID: 100741
United States
11/16/2012 12:21 PM

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Re: Banks told by Fed to test for 12% unemployment
The legendary Jim Sinclair sent an email alert to subscribers today, warning that all hell is about to break loose in the form of currency induced cost push inflation. Sinclair warns that the dollar index is headed towards .72 before crashing through long term support, gold is headed to $3,500 and beyond, and that the Fed will print to infinity to prevent a collapse of the Eurozone.
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 12064276
United States
11/16/2012 08:14 PM
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Re: Banks told by Fed to test for 12% unemployment
if the strike ( walmart, target etc ) goes thru this black friday, the number will reach 12% by next year for certain..
samanthasunflower

User ID: 14930415
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11/16/2012 08:39 PM

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Re: Banks told by Fed to test for 12% unemployment
Are they assuming the economy is going to get better?

Real unemployment is between 16% and 22%, depending how one measures it.
Anonymous Coward
User ID: 25582762
United States
11/16/2012 08:45 PM
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Re: Banks told by Fed to test for 12% unemployment
Half of U.S. families are on food stamps. Half of U.S. families live below the poverty line. Officially, half of the country is directly supporting the other half through taxpayer funded federal subsidies.

They are expecting worse than this:

[link to www.usdebtclock.org]
No Dhimmi (OP)
Proud Infidel

User ID: 18280111
United States
11/17/2012 08:01 AM

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Re: Banks told by Fed to test for 12% unemployment
Are they assuming the economy is going to get better?

Real unemployment is between 16% and 22%, depending how one measures it.
 Quoting: samanthasunflower


I would see this as them saying it will get worse, based only on gov numbers
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
MrBlue

User ID: 14815823
United States
11/17/2012 08:03 AM
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Re: Banks told by Fed to test for 12% unemployment
ohappy
Anonymous Coward
User ID: 27855699
Australia
11/17/2012 08:06 AM
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Re: Banks told by Fed to test for 12% unemployment
fuck this is just getting beyond the joke.

is this what modern economics teaches kids today?

fuck this shit...
No Dhimmi (OP)
Proud Infidel

User ID: 18280111
United States
11/17/2012 11:53 AM

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Re: Banks told by Fed to test for 12% unemployment
Yep, basic math escapes the sheeple - thus, they buy the shit the government tells them
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Mickeyblue
User ID: 9806228
United States
11/17/2012 11:55 AM
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Re: Banks told by Fed to test for 12% unemployment
That is too funny given that we have been in excess of that for years now when you look at all levels of how it is determined.
bendinglight

User ID: 2143478
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11/17/2012 12:16 PM

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Re: Banks told by Fed to test for 12% unemployment
ohappy
 Quoting: MrBlue


yeswecan
Resister

User ID: 1461638
United States
11/17/2012 12:33 PM
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Re: Banks told by Fed to test for 12% unemployment
It seriously could go higher. Hostess was the cannary in the coal mine. If a company can't survive selling junk food to couch potatoes then no company is safe. Progressive liberalism is strangling the life out of the economy and America just re-elected a Marxist to finish the job. Obamacare and Obama's marxist economic policies are going to bring our enire economy to a grinding halt and Occupy dipshits who are already unemployed are going to starve to death blaming other people for their idiocy.

Last Edited by Resister on 11/17/2012 12:34 PM
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
[link to line-in-the-sand.spam]
Anonymous Coward
User ID: 27807407
United States
11/17/2012 12:33 PM
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Re: Banks told by Fed to test for 12% unemployment
I keep saying it and I will say it one more time.

If employment was allowed to fester while they try and print the banks of the world back into solvency, the inflation from fractional lending resulting from Investment, Production and Output would overwhelm TPTB's ability to export enough of those freshly printed dollars that it (The Dollar) would die within a week.


Hence the reason for no employment around the world until the financial system is re-juiced for another scam run.

The banks and the Petrodollar/Reserve Currency status of the Dollar is more important and it's world controlling status/domination is more important than you or your family right now and they will be sacrificed no matter what, so that the elite can fuel their yachts.
No Dhimmi (OP)
Proud Infidel

User ID: 18280111
United States
11/17/2012 12:46 PM

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Re: Banks told by Fed to test for 12% unemployment
sorry 2
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
mopar28m
Lev. 23:23-25

User ID: 14265444
United States
11/17/2012 12:48 PM

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Re: Banks told by Fed to test for 12% unemployment
Are they assuming the economy is going to get better?

Real unemployment is between 16% and 22%, depending how one measures it.
 Quoting: samanthasunflower


I think its worse than that, closer to 40%.
vaccinefreehealth.spam

vaccinefreehealth@hushmail.com

Racin​g to end vaccinations.
Nikola Tesla

User ID: 18230284
United States
11/17/2012 01:10 PM

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Re: Banks told by Fed to test for 12% unemployment
Are they assuming the economy is going to get better?

Real unemployment is between 16% and 22%, depending how one measures it.
 Quoting: samanthasunflower


You Are correct. I expect to see real unemployment at 25% - 30% by the middle of next year. I work in the broadcasting business. Clients are preparing to slash expenses (workforce) and prepare for a very rough 2013 - 2014. Keep in mind this industry's revenue is based on advertising of retail goods and services. Not a pretty picture, fasten your seat belt.
No Dhimmi (OP)
Proud Infidel

User ID: 18280111
United States
11/17/2012 02:13 PM

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Re: Banks told by Fed to test for 12% unemployment
All, thanks for the updates - now - what are things we all can do to prepare for a future with fewer jobs?
Background of my avatar: [link to en.wikipedia.org]

The religion of submission cannot survive an open and honest discussion of its convoluted and foolish scriptures, its sexually perverted terrorist prophet, or its deceitful and demented god. When Western leaders become unified and resolute in their hostility to Islam's violent and ungodly beginnings, Muslims will flee the religion because they will be horrified by its endorsement of terrorism, mass murder, slave trading, plunder, kidnapping, and rape.

If Muslims & their apologists really want to cure "Islamophobia," here is an easy way. Focus their indignation on Muslims committing violent acts in the name of Islam, not on non-Muslims reporting on those acts.
[link to www.cspipublishing.com]
[link to www.faithfreedom.org]
[link to thereligionofpeace.com]
[link to www.bibleprobe.com]
[link to www.fatherzakaria.net]

Ecclesiastes 10:2 “The heart of the wise inclines to the right, but the heart of the fool to the left.”

We are all born ignorant, but it takes a lot of work to keep looking the other way to remain stupid.

Islam is not a race - the racism rant is lame, used by the intellectually lazy to derail the debate.
Anonymous Coward
User ID: 17579430
United States
11/17/2012 02:23 PM
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Re: Banks told by Fed to test for 12% unemployment
if the official unemployment rate hits 12% then the real rate would have to be like 25% or higher.

pretty scary, especially considering how many people that have jobs are working for some level of the gov't.
Anonymous Coward
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11/17/2012 02:23 PM
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Re: Banks told by Fed to test for 12% unemployment
if the official unemployment rate hits 12% then the real rate would have to be like 25% or higher.

pretty scary, especially considering how many people that have jobs are working for some level of the gov't.
Anonymous Coward
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United States
11/17/2012 02:32 PM
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Re: Banks told by Fed to test for 12% unemployment
ohappy
 Quoting: MrBlue


Forward!
bendinglight

User ID: 2143478
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11/17/2012 02:32 PM

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Re: Banks told by Fed to test for 12% unemployment
ohappy
 Quoting: MrBlue


Forward!
 Quoting: Anonymous Coward 16614101


YES WE CAN!
Nikola Tesla

User ID: 18230284
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11/17/2012 02:45 PM

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Re: Banks told by Fed to test for 12% unemployment
All, thanks for the updates - now - what are things we all can do to prepare for a future with fewer jobs?
 Quoting: No Dhimmi


On a personal level, try to be self sufficient as much as possible. Community is very important. Network face to face with neighbors and friends who are of a like mind. Try to keep your business local. Purchase from small local businesses and go to farmers markets for produce. Prepare for disruptions in the JUT food delivery services with canned goods, water etc.

This last one is important. If at all possible Shun Government assistance programs of any type. I do not advocate law breaking but avoid contact as much as possible. Do not accept food or other services. Instead rely on yourself and your network of friends and family.
Future Viewer

User ID: 1344660
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11/17/2012 02:50 PM
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Re: Banks told by Fed to test for 12% unemployment
The Federal Reserve is asking 30 big banks to make sure their capital can withstand a deep recession in which the unemployment rate rises to 12%.

[link to www.marketwatch.com]
 Quoting: No Dhimmi


[link to www.youtube.com]

Oh Boy!

rant
The Real "Kronos"..(1957 Movie)
FatalW1shes

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11/17/2012 02:56 PM

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Re: Banks told by Fed to test for 12% unemployment
Warren Buffet sold Johnson and Johnson stocks, and his Proctor and Gamble.

I guess he is figuring people will be so poor they won't be wiping their asses and keeping up with personal hygiene.

Or they will be buying "Great Value" or shopping at the dollar store for basics.
Anonymous Coward
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11/17/2012 03:29 PM
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Re: Banks told by Fed to test for 12% unemployment
LOL, can you imagine if the real unemployment rate were posted.
Burt Gummer

User ID: 7702124
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11/17/2012 03:31 PM

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Re: Banks told by Fed to test for 12% unemployment
LOL, can you imagine if the real unemployment rate were posted.
 Quoting: Anonymous Coward 25658088


...and what's even sadder......that number is about to get much worse.
Future Viewer

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11/17/2012 03:38 PM
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Re: Banks told by Fed to test for 12% unemployment
Warren Buffet sold Johnson and Johnson stocks, and his Proctor and Gamble.

I guess he is figuring people will be so poor they won't be wiping their asses and keeping up with personal hygiene.

Or they will be buying "Great Value" or shopping at the dollar store for basics.
 Quoting: FatalW1shes


Or everyone can do what many "Blacks, Latinos, and Certain Jews (certain types- Many Hasadic, Religious, Russian, Orthodox Jews) have been doing for the last 80+ years, and live off and suck off "Uncle Scam/Uncle Sham with Uncle Boris's Tit" with "Entitlements/Welfare And/Or Benefits" for the last 80+ years..

"AmeriKa is now at the point of Destruction, but unfortunately it has been the enemy from within, not the enemy from without, that has destroyed "AmeriKa"" (Truth be told).

rant
The Real "Kronos"..(1957 Movie)
shadasonic

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11/17/2012 03:45 PM
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Re: Banks told by Fed to test for 12% unemployment
All, thanks for the updates - now - what are things we all can do to prepare for a future with fewer jobs?
 Quoting: No Dhimmi


On a personal level, try to be self sufficient as much as possible. Community is very important. Network face to face with neighbors and friends who are of a like mind. Try to keep your business local. Purchase from small local businesses and go to farmers markets for produce. Prepare for disruptions in the JUT food delivery services with canned goods, water etc.

This last one is important. If at all possible Shun Government assistance programs of any type. I do not advocate law breaking but avoid contact as much as possible. Do not accept food or other services. Instead rely on yourself and your network of friends and family.
 Quoting: Nikola Tesla


Good advice
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” – Carl Sagan
Carshy McCarsh

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11/17/2012 03:48 PM
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Re: Banks told by Fed to test for 12% unemployment
The Federal Reserve is asking 30 big banks to make sure their capital can withstand a deep recession in which the unemployment rate rises to 12%.

[link to www.marketwatch.com]
 Quoting: No Dhimmi


1rof1

It would have to FALL to 12% from the present ACTUAL level of 15%.
[link to www.forbes.com]
Tell me what this tastes like...
TDJ

User ID: 26423286
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11/17/2012 03:48 PM

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Re: Banks told by Fed to test for 12% unemployment
It seriously could go higher. Hostess was the cannary in the coal mine. If a company can't survive selling junk food to couch potatoes then no company is safe. Progressive liberalism is strangling the life out of the economy and America just re-elected a Marxist to finish the job. Obamacare and Obama's marxist economic policies are going to bring our enire economy to a grinding halt and Occupy dipshits who are already unemployed are going to starve to death blaming other people for their idiocy.
 Quoting: Resister


Dude, why can't others see this too? It's so obvious that it's ridiculous. I've heard people say that it's no big deal, the govt will pay for it...where do they think the govt gets it's money???

lady liberty
If something can corrupt you, you're corrupted already.

Bob Marley

“The duty of a patriot is to protect his country from its government.”
THOMAS PAINE (1737-1809)

Do not pray for an easy life, pray for the strength to endure a difficult one. Bruce Lee

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