7.9 % and climbing

The real unemployment rate if you count all those without jobs who are not receiving unemployment is at least double that figure.

That is a fact, for anyone that's an independent contractor or works on commission theyre never counted when they loose their job.
You must ask yourself at what point do you stop supporting and obeying the ones that take from you to continue to lie to you and take more and more.
Once you realize that they want more than you have, you should realize you wont be eligible for benefits of any kind and life on the streets with your peers will not be pleasant

Closer to 20% ....

Even with NO JOB the scumbag sheep keep on shopping......Let em rot!

Thanks professor!!

It's bad. Record food stamp assistance in the US right now.

Yes, Ocommie lied and said the jobs council was still doing good work before the election. Now news of very odd 4th quarter contraction, unemployment climbing again and he cancels the job council. No need to pretend anymore, the idiots re-elected me.

I just saw that freak Alan Colmes on Fox News! He is so weird looking! And he's spewing the leftie talking point that what's going on is STILL Bush's fault. He sounds so stupid, I cannot believe people buy their shit! Those pigs in DC, Pelosi, et al, saying it's the Republican's fault. And the media gives them all tons of face time to plant the meme.

Its such a joke, they don't even try to deceive in an eloquent way. Bald-faced lies, easily debunked with facts, yet most of the country still loves this guy. Although I do believe at this point that the "approval ratings" are wrong, too. I keep getting petitions to sign to "force Congress to act" or "force Reid to get a budget passed", etc. I don't put my name on anything at this point. My focus is on me and mine and that's it. It's all I can control to any degree. The rest of this is just crazy-making.

Nafta and outsourcing is great for corporations and
their business profit statements.
For the people here in this country who need and
want to work... not so much.

Paying bankers for being incompetent and corrupt
didn't help.
Paying multi-million dollar bonuses to elite doesn't help.

Saving screwups with taxpayer money is wrong.
And what is up with military intrusion for profit..?
The working poor of this country had nothing to do with
those decisions.

The politicians screwed us good and hard.
Hope they are proud of themselves.
This country is half-dead and the vultures are already
picking at her eyeballs..

Who will save her..?
Another politician..?

Ya, right.

The man is in control

Try 22%.

The government controls everything so they can lie about whatever they want to.

They hardly ever tell us the truth.

[link to www.shadowstats.com]


[link to www.shadowstats.com]

:obomateaching2:

lol 7.9% more like 10.9% or higher

Why ?
From another thread !

Bare with me here as we have to go through the whole explanation to understand.

You must understand "WHY" there is no employment. Wealth is created through leverage and leverage is the basis of money creation in this country through the Fractional Reserve Lending system, where the bank may take in a dollar of savings or other assets and enter it on their balance sheet. They, as of that moment have a reserve of a dollar. They then are able through BIS rules to make a loan against that dollar of "reserve" of $9. So we create $9 of new/future leverage from $1 dollar of real/earned currency from the past. Most people use leverage through loans to improve their lives by building a business with a loan or a line of credit, or buying a piece of equipment on credit.

Healthy fractional reserve lending can create healthy expansion of the money base and intern create an expanding economy. The banks then buy insurance such as mortgage insurance to protect themselves (balance sheets) from ruin by insuring that they (balance sheets) get paid back that money they created through that loan or their balance sheets will suffer. Those loans are then packaged up and sold to the highest bidder and bets are placed on those loans never being paid back (insurance). This would be fine if only one bet (insurance policy) was placed on that specific loan. The problem is that everyone in that insurance chain only has to have a 3% reserve to pay that insurance if that loan defaults. Then the distributor of those bets says hey, I need to make sure I can "leverage" that bet so I can get my money back, because if I have to pay/honor that default, I only have .03 cents to pay a dollars worth of claims and my balance sheet will be bankrupt.

What we have created above is a credit default swap (insurance) against a loan not being paid back that we had to leverage at least 33 times to make sure we at least break even if joe shmoe doesnt pay that loan back that we made him for that house 100k dollar house. So with that 33 times leverage we have created 3.3 million dollars worth of these credit default swaps on Joe shmoe not paying off his loan.

Well guess what Joe's employer just called and is going to lay Joe off. So, we have a 100K depreciating asset that has 3.3 million dollars worth of insurance bet against it that Joe doesn't pay it back and the housing prices in his part of town have just depreciated 33% because the housing market sucks. Now the leverage of that house just went from 33 times to 50 times.

Joe just defaulted on his loan and the CDS chain has been disrupted and all the financial institutions that had that CDS bet on their balance sheet as an asset (that they leveraged) wants to get paid. Problem is that everone of these gamblers (banks) only had to have .03 cents in reserve to pay on their $1.00 worth of bets, So the money to pay them does not even exist yet.

This is why there is no employment. Investment, output and production creates a vast amount of reserves that the banks can leverage against. This would be healthy inflation created through the fractional reserve lending system. Problem is that the banks balance sheets are now encumbered. With regular inflation the banks cannot steer the inflation (new money) where they want it..........and where do they want it and have to have it ? Of course on their balance sheets to keep them from filing bankruptcy.

So your employment is in direct competition with the printing press because when Uncle Ben and his printing posse creates money this way they are able to control where and when it goes. Your production, output and investment is not wanted at this time because the inflation you create through a job combined with the electronic steerable inflation combined would be to much for the dollar to distribute (distribute to the world through the reserve currency status of the American dollar) and the dollar would be worthless/die within weeks.

As long as the losses keep mounting the leverage will be maintained (through directed newly printed money) to keep the reserves intact so that the real printing of money does not begin, from the CDS insurance that is leveraged, so that they can continue to steer the printed money onto the bankrupt balance sheets of the worlds financial system. Your inflation/employment is not wanted/needed at this time !

any questions as to why you dont have a job ?

The parasites are killing the host... with impunity.

check this out ...todays market is setting a new record high even with the jobs report being bad .something is wrong.. all this week its been climbing setting record highs.. just like it did days before 911... i wonder what they are putting there money on.. could it be death ins.. medical shit.. false flag week end?

Inflation before dollar collaps!!

End of the year it will be 20000

I really want to know who believes that bullshit number. I have not talked to anyone even in real life that believes the unemployment is that low.

Something like that

LOL

Watch this video and get a grip

[link to www.godlikeproductions.com]

the lies get bigger and more frequent until the trigger gets pulled

Gallup Daily tracking, based on a random sample of more than 29,000 U.S. households, shows a potential dramatic drop in the government's seasonally adjusted workforce participation rate to 63.1% in July down from 63.8% in June. That is, the BLS may report the number of Americans working or wanting to work to be at its lowest level since April 1978. This would be extremely bad news for the U.S. economic outlook in the sense that current economic optimism is so low that millions of Americans are giving up on finding a job. It could also translate into a sharp drop in the U.S. unemployment rate for July to be announced by the government on Friday.


[link to behavioraleconomy.gallup.com]

oooohhh

it was pinned. Thanks guys

thats my interest rate on my Capital one card, I thought this thread was about you also being changed from 3.9 to 7.9 like me. LOL
Unemployment statistics are lies, who actually believes this

US needs 150 000 just to keep up with population growth.
This is no recovery without 40 billion pumped in to the system every day

Don*t we love the federaL RESERE

Now is the time to give amnesty to all illegal aliens. Make millions and millions of working people fight over a dwindling number of working-class jobs. Keep unemployment high. Keep millions permanently poor.

Sound like a good plan?

It's Traitor Obama's plan.

And the Democrats pretend to be the workingman's friend!

They're not.

Relax...this is all about to "become moot." Soon there will be plenty of work...for the few left alive.......

Actualy, believe it or not, I think it closer to mid 30-40%... let me see if I can find the article I read a while back. I might be wrong..

I REALLY HATE THAT DUMB, NO TALENT BITCH....

The U.S. economy now at almost ZERO growth...

Unemployment UP to 7.9%...

Tens of millions of middle class Americans shocked at how their taxes are now going up (despite previous promises to the contrary from our President)...

So, uh, how's that second term workin' out for you, Obama fans?