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

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.

if the strike ( walmart, target etc ) goes thru this black friday, the number will reach 12% by next year for certain..

Are they assuming the economy is going to get better?

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

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]

I would see this as them saying it will get worse, based only on gov numbers

fuck this is just getting beyond the joke.

is this what modern economics teaches kids today?

fuck this shit...

Yep, basic math escapes the sheeple - thus, they buy the shit the government tells them

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.

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

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.

:sorry 2:

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

All, thanks for the updates - now - what are things we all can do to prepare for a future with fewer jobs?

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.

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.

Forward!

YES WE CAN!

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.

[link to www.youtube.com]

Oh Boy!

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.

LOL, can you imagine if the real unemployment rate were posted.

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

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).

Good advice

It would have to FALL to 12% from the present ACTUAL level of 15%.
[link to www.forbes.com]

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???