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PIN THIS! The Recipe For Disaster!
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Anonymous Coward
User ID: 795619
 United States
11/22/2009 2:23 PM
Report abusive post | PIN THIS! The Recipe For Disaster!
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Unemployment in the United States is now officially at 10.2%. Add in those individuals that no longer receive unemployment benefits, are no longer looking for a job, or for some other reason are not included in the above number and you are at 20% unemployment. Not a pretty figure.
Historically 25-30% unemployment is when things start to get real ugly. The only thing holding back the ugliness is the Social Safety Net available to those that are not presently able to generate an income. Food stamps, health care, housing allowances, unemployment benefits and other financial support from the State, is only available when our government can "borrow" the money to pay for them.
Many of these programs are state mandated. California, Michigan and other states are officially broke. They are cutting everything else, because they know what will happen once Social Services disappear.
[link to deadmanmusings.blogspot.com]
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Frigg Stuyvesant
User ID: 621289
United States
11/22/2009 2:25 PM
 | | Re: PIN THIS! The Recipe For Disaster! | Quote |
That is a solid recipe! |
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Anonymous Coward
User ID: 795619 (OP)
United States
11/22/2009 2:30 PM | |
Freethinker
User ID: 824656
United States
11/22/2009 2:31 PM
 | | Re: PIN THIS! The Recipe For Disaster! | Quote |
now carefully stir in generations of dependent and entitled children.
bake gently until bubbling, then broil until crispy.
serves 6 billion.
Last Edited by Freethinker on 11/22/2009 at 2:31 PM
and it does no harm to the beauty of the sunset to understand the mysteries of the sun
americanbullfrog@gmail.com |
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Anonymous Coward
User ID: 795619 (OP)
United States
11/22/2009 2:32 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
"For every person receiving Social Security benefits in the United States, there are only three people currently working and paying into the system. The Illuminati Bankers have looted our 401 K programs, Our home equity, our Savings and other retirement money. We have become a nation that is now, or will be soon, dependent on the largess of foreign nations buying our debt."
FROM: [link to deadmanmusings.blogspot.com]
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Anonymous Coward
User ID: 824631
United States
11/22/2009 2:32 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Fear not, citizens! Our Beloved President will soon focus on the unemployment problem with laser-like precision!
White House announces a jobs summit on Dec. 3
By Michael A. Fletcher
The Obama administration announced plans Monday to hold a forum on jobs and economic growth at the White House on Dec. 3, after which the president will go on the road to demonstrate his concern about the nation's rising jobless rate.
With the nation's unemployment rate at its highest level in 26 years, President Obama plans to bring together CEOs, small business owners and financial experts to sound out ideas for continuing to expand the economy and create jobs.
"During these difficult economic times, we have a responsibility to consider all good ideas to encourage and accelerate job creation in this country," Obama said in a statement.
The president outlined plans for the forum before leaving for Asia last week, but at the time had not nailed down a date. The White House said Obama would follow the forum with a visit to Allentown, Pa., for the first stop of what the White House is calling a Main Street Tour, which will take him to across the country over several months.
[link to www.washingtonpost.com] |
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DanfromtheHills
User ID: 671176
United States
11/22/2009 2:34 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
The misery index is defined as thus:
MI = Unemployment% + Inflation%
As a general rule once the MI hits 25%, governmental change is imminent.
This is a test, This is only a test...
Truth without love is cold. Love without truth is blind. |
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Anonymous Coward
User ID: 795619 (OP)
United States
11/22/2009 2:35 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
"1 out of every 32 of us is either in prison or on parole from prison, according to yet another report on Americans behaving badly from the Bureau of Justice Statistics."
[link to deadmanmusings.blogspot.com]
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Anonymous Coward
User ID: 795619 (OP)
United States
11/22/2009 2:35 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
The misery index is defined as thus:
MI = Unemployment% + Inflation%
As a general rule once the MI hits 25%, governmental change is imminent. Quoting: DanfromtheHills
Exactly!
That is what he says in the article!
We are heading into a revolution!
[link to deadmanmusings.blogspot.com] |
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Anonymous Coward
User ID: 811285
 Mexico
11/22/2009 2:43 PM | |
DanfromtheHills
User ID: 671176
United States
11/22/2009 2:46 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Quoting: Anonymous Coward 811285
Sigh, yep, pacification through fake currency. It's only going to last for a short time, then...
This is a test, This is only a test...
Truth without love is cold. Love without truth is blind. |
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Treasures 
GLP's Golden Sparkler
User ID: 787949
United States
11/22/2009 2:47 PM
 | | Re: PIN THIS! The Recipe For Disaster! | Quote |
The misery index is defined as thus:
MI = Unemployment% + Inflation%
As a general rule once the MI hits 25%, governmental change is imminent. Quoting: DanfromtheHills
what % is it at now?
Love = "Giving someone the ability to destroy your world, and trusting them not to"
Any man can love a million girls, but only a real man can love one girl a million ways.. |
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Anonymous Coward
User ID: 746244
 Canada
11/22/2009 2:52 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Boring article |
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DanfromtheHills
User ID: 671176
United States
11/22/2009 2:54 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
The misery index is defined as thus:
MI = Unemployment% + Inflation%
As a general rule once the MI hits 25%, governmental change is imminent.
what % is it at now? Quoting: Treasures
Using the government's numbers: UI = 10.2%, II = 7.4%
so 17.6% atm.
However, the Fed's in general under-report such numbers so I would use 17.6% as the minimum MI. It only goes up from there.
This is a test, This is only a test...
Truth without love is cold. Love without truth is blind. |
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Anonymous Coward
User ID: 824520
United States
11/22/2009 2:59 PM | |
Anonymous Coward
User ID: 519048
 Netherlands
11/22/2009 3:01 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Not only was it fake money, but they gave it to the WORLD at that - which means (as this article states), we are going to go down again with the stocks, there is almost no way around this in balance...
[link to newsusa.myfeedportal.com] |
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Anonymous Coward
User ID: 822029
United States
11/22/2009 3:02 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
The president outlined plans for the forum before leaving for Asia last week, but at the time had not nailed down a date. The White House said Obama would follow the forum with a visit to Allentown, Pa., for the first stop of what the White House is calling a Main Street Tour, which will take him to across the country over several months.
[ link to www.washingtonpost.com]
Oh, cool! It will be just like a U.N. summit with a lot of socialist/communist bureaucrats shooting around a lot of hot air and grandstanding about how there needs to be more regulations and central planning. Lots of new boards and commissions will be created to employ yet more socialist/communist bureaucrats to tax and regulate anything that moves and looks like it might have some capital available for expropriation.
Cool! |
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Anonymous Coward
User ID: 629392
United States
11/22/2009 3:04 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Trouble with people like the Obama bunch, pretty soon they run out of other peoples money. We are all about broke who pays the bill then? Break the backs of the people thats exactly what marxist do, they divide, they cause turmoil, they prey on the weak and the ignorant. did I leave anyone out? |
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Aztec Cavalry
User ID: 814651
Mexico
11/22/2009 3:12 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
A first-world way to dig a third-world debt hole. |
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Enlilson
User ID: 808639
United States
11/22/2009 3:13 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Trouble with people like the Obama bunch, pretty soon they run out of other peoples money. We are all about broke who pays the bill then? Break the backs of the people thats exactly what marxist do, they divide, they cause turmoil, they prey on the weak and the ignorant. did I leave anyone out? Quoting: Anonymous Coward 629392
Yes you did considering that Obama has only been in office for 10 months. Who the F was in charge the last 8 years. . You are no better then the obamabats and hav no clue what you are talkin about economically.
Want to talk about divided and be conquered one word - Reganonimics.
' " "'
__O__
_/_\_____
" """""""""""""""""""""""""""
carvin across the face you call life settin up for the green rm. |
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9teen.47™
Time is short.
User ID: 639081
 United Kingdom
11/22/2009 3:15 PM
 | | Re: PIN THIS! The Recipe For Disaster! | Quote |
 Oh well. I guess that the rest of the world is getting fed up with subsidising the American Dream.
Zec 12:3 And in that day will I make Jerusalem a burdensome stone for all people: all that burden themselves with it shall be cut in pieces, though all the people of the earth be gathered together against it.
Psa 9:17 The wicked shall be turned into hell, [and] all the nations that forget God.
STOCK UP NOW. You should have at least 6 months worth of basics for every member of your household. Stay away from crowds when trouble starts, do not forget water storage, tobacco is worth more than gold or silver, and be kind to hungry children. |
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Anonymous Coward
User ID: 811285
Mexico
11/22/2009 3:16 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Spend and Borrow: Economists Are Wrong Again 10 comments
by: Michael Panzner November 22, 2009
Michael Panzner
As if they didn't cause enough damage by espousing theories that failed to account for the inefficiencies and irrationalities of the real world, many economists are advocating aggressive spend-and-borrow policies to revive the financial crisis-hit U.S. economy that reflect an astonishing degree of naïveté and ivory tower hubris.
In a word, the Keynesian Kool-Aid drinkers are saying that debt doesn't matter.
As I see it, there are plenty of reasons to challenge the apparent indifference of Paul Krugman, Dean Baker, James Kwak, and others to the parabolic rise in public debt, including the fact that the latest crisis, like many of those before it, stemmed from a similar complacency about the risks of unrestrained borrowing.
But as someone whose long experience in financial markets helped him to anticipate the kinds of earth-shattering developments most economists didn't see coming, I find the popular argument that current low yields on government bonds are a vote of confidence on current policies to be utterly ridiculous.
For one thing, long-term rates are being influenced to an extraordinary degree by the Federal Reserve, which has been supplying copious amounts of liquidity to the financial sector. With banks unwilling to channel those funds into loans for Main Street, this cheap financing is effectively underwriting their massive purchases of Treasury and other securities, distorting prices (and yields).
In addition, the Fed itself has been the biggest buyer of government bills, notes, and bonds during the past seven months as a result of the quantitative easing program it launched in March. In the second quarter of this year, for example, the Fed absorbed nearly half of all net Treasury issuance.
Overall, the Fed's balance sheet has more than doubled since the financial crisis began, which has undoubtedly kept a lid on yields across the credit spectrum. Meanwhile, the Fed's zero interest rate policy and the historical term structure of interest rates have likely anchored long-term yields at lower levels than they might otherwise be.
Treasury markets, in particular, have benefitted from safe haven buying in the wake of the crisis. But there are significant differences between the current episode and those that occurred before, including the fact that the latest upheaval has taken place against a backdrop of widespread global imbalances and extraordinary levels of public and private debt. Many assume that what worked before makes sense now, without really thinking things through.
Government bond prices have also been been pressured lower by a structural shift in asset allocation preferences. A step-change jump in financial market volatility, greater economic uncertainty, and growing pressure among insurers and financial institutions to better hedge long-term liabilities have stirred an impulsive burst of buying of long-term bonds that likely won't be sustained at the same pace for long.
Yet even in the absence of such influences, the view among economists that financial markets reflect the wisdom of crowds, especially in regard to current policies and the economic outlook, is a supposition that is dubious at best in light of what we've seen in recent years.
I wonder, for example, what credit markets were signalling in the spring of 2007 when risk spreads were at all-time lows, while risk -- as evidenced by extremes in leverage and speculation and a bursting housing bubble -- was at an all-time high? And when global equity markets were hitting record highs in October of that year, what exactly were they telling us about the state of the world economy?
In my view, whatever predictive ability markets once had has been steadily eroded by years of monetary recklessness, a cultural shift away from long-term investing towards short-term trading and speculation, and the shrinking share of market participants -- read professionals -- who actually understand the fundamentals that matter.
So, to those economists who keep insisting that the large and growing obligations our government is committing us to in the name of saving or increasing jobs -- a theory that hasn't quite panned out yet, as it happens -- don't matter because markets are signalling otherwise, I say one thing:
Bunk |
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Anonymous Coward
User ID: 824613
 Norway
11/22/2009 3:19 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Trouble with people like the Obama bunch, pretty soon they run out of other peoples money. We are all about broke who pays the bill then? Break the backs of the people thats exactly what marxist do, they divide, they cause turmoil, they prey on the weak and the ignorant. did I leave anyone out? Quoting: Anonymous Coward 629392
Sounds like you're talking about yourself in my opinion. |
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Anonymous Coward
User ID: 822029
United States
11/22/2009 3:39 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
The problem we have now was easy to anticipate. In 1935 we made a fateful decision. FDR adopted the socialist policies of Europe, which depend on an ever growing population of workers to pay taxes to keep the social security going. FDR said every child in America needed to be part of a cradle-to-grave social security program. When social security first started there were 41 workers paying in for every person drawing. By 1965 is was 5 to 1 and now it is 3.2 to 1. With average monthly benefits of about $1100, each workers monthly contribution must be $341 per month. That is only OASI, and does not include medicare. As we go forward the demographic problem gets worse. Social Security also included Aid to Families with Dependent Children. Then in the 1960's we enacted the Great Society programs.
These programs have made 15-20% of the population dependent on getting a government check. Then add in the 17% or so of the population that is un or underemployed. Then add in their dependents. What is the total percentage of the population that now has no income other than a government check? I would really like to know what that number is, but I have not been able to find it anywhere. Then add in the percent of the population employed by and dependent on a paycheck from government.
With unemployment rising and with the baby boomers retiring we are approaching the perfect storm in America. A dwindling number of people are actually working and producing wealth in this country. That is why we are forced to borrow from the rest of the world to maintain our (rapidly diminishing) lifestyles. We are not only asking productive workers to support all these dependent people, but we are saddling them with a huge debt which constitutes a lien on their future earnings.
Anyone with any smarts can see where this is going. The general trend is readily apparent and the only thing in doubt is the timeline by which things will disintegrate. |
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Anonymous Coward
User ID: 809843
United States
11/22/2009 4:10 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Unemployment in the United States is now officially at 10.2%. Add in those individuals that no longer receive unemployment benefits, are no longer looking for a job, or for some other reason are not included in the above number and you are at 20% unemployment. Not a pretty figure.
Historically 25-30% unemployment is when things start to get real ugly. The only thing holding back the ugliness is the Social Safety Net available to those that are not presently able to generate an income. Food stamps, health care, housing allowances, unemployment benefits and other financial support from the State, is only available when our government can "borrow" the money to pay for them.
Many of these programs are state mandated. California, Michigan and other states are officially broke. They are cutting everything else, because they know what will happen once Social Services disappear.
[ link to deadmanmusings.blogspot.com]
Inflationary Depression |
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Anonymous Coward
User ID: 802656
United States
11/22/2009 4:14 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Once our standard of living has fallen so low it equals the developing nations we can restart our manufacturing and industry. Of course you will earn about $2/day and a gallon of gas will cost you $20. |
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Anonymous Coward
User ID: 582017
United States
11/22/2009 4:23 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Once our standard of living has fallen so low it equals the developing nations we can restart our manufacturing and industry. Of course you will earn about $2/day and a gallon of gas will cost you $20. Quoting: Anonymous Coward 802656
The problem is by time that happens we will not have any manufacturing and industry to restart. That has been the plan for many years. |
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Anonymous Coward
User ID: 795619 (OP)
United States
11/22/2009 5:27 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
[link to deadmanmusings.blogspot.com]
"Correctional facilities are being quickly converted into "forced labor camps" (source). In Utah, an estimated 25% of the prison population is being hired out as cheap corporate labor. These statistics will soon explode as more and more Americans become "lawbreakers" in our new world order.
In NAZI Germany, every citizen became a criminal. They passed thousands of new laws that were both contradictory and almost impossible to obey (Source). With every citizen a criminal, it became much easier to fill the slave labor camps. Communist Russia, North Korea, China, Cuba etc., also enslave(d) millions of their citizenry in forced labor communities."
From the above linked article: |
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Anonymous Coward
User ID: 824779
United States
11/22/2009 5:54 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
"For every person receiving Social Security benefits in the United States, there are only three people currently working and paying into the system. The Illuminati Bankers have looted our 401 K programs, Our home equity, our Savings and other retirement money. We have become a nation that is now, or will be soon, dependent on the largess of foreign nations buying our debt."
FROM: [ link to deadmanmusings.blogspot.com]
People weren't supposed to live as long as they presently are, when the SS ponzi scheme was set up. Expect the congress critters to raise the eligibility age to about 77, REAL soon. |
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Anonymous Coward
User ID: 792052
United States
11/22/2009 6:05 PM | | Re: PIN THIS! The Recipe For Disaster! | Quote |
Quoting: Anonymous Coward 811285
Honestly I think they are breeding more people to sit on unemployement, why go look for a job in this tough market when uncle sam is paying my bills. |
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ScrumpTheTexan
User ID: 824531
United States
11/22/2009 6:12 PM
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"For every person receiving Social Security benefits in the United States, there are only three people currently working and paying into the system. The Illuminati Bankers have looted our 401 K programs, Our home equity, our Savings and other retirement money. We have become a nation that is now, or will be soon, dependent on the largess of foreign nations buying our debt."
FROM: [ link to deadmanmusings.blogspot.com]
NOW
I am a Christian.
Christian does not equal doormat or pushover.
SickOfItAll
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