Posted by Thunder on Sun, 29 Nov 2009 10:56 | #

Very interesting graphic James, more interesting when you realise the govvernment is motivated to underestimate unemployment.  I was an employee of the official government statitical body in Oz, and responsible for the collection of labour stats in several states, our definition of employment was working one hour per week, very weak.  Underemployment is a better indicator of economic impact.  I am in private employment now and we have not hired for two years, just letting natural attrition deal with our workforce.  I have cut my hours down to the minimum myself.  This will all play out within two years max. Thanks and gl to all.

Posted by James Bowery on Sun, 29 Nov 2009 20:29 | #

Thunder writes:  This will all play out within two years max.

I tend to agree but I wonder what exactly you mean by “all play out”.

Posted by Thunder on Sun, 29 Nov 2009 20:45 | #

I wish I knew specifically how it will play out.  I think from an economic viewpoint there will be major changes in the lives of most everyone and a new economic order will either be imposed or supplant the current one, ie either a different global reserve currency or new experiments rising everywhere accompanied by massive social change.  I guess I am just expressing gut feelings James.  I am sure you have your own.

Posted by tc on Sun, 29 Nov 2009 21:42 | #

“all play out”

I don’t think you have colors dark enough to illustrate the far side of that decline.

But there again, a glint of hope: Go read up again on the last chapters of the elders, they do indeed have a plan…:-)

It is a sin, the sin of pride of the “intelligentsia”, that destroyed our Nations - and for that, they must also pay.

May You live in interesting times.

Posted by James Bowery on Sun, 29 Nov 2009 22:29 | #

Dasein, I’m afraid I grossly underestimated the parasite loading.  Its so bad that all that “injection of liquidity” seems to be disappearing down the gullets of parasites.  Not only are the Wall Street guys using it to centralize ownership of real estate, thereby keeping it from making it out into the job-creating economy, but the “stimulus” spending meant for “shovel ready projects” has been captured by the corporate concubines:

There was no major new infrastructure spending, as during the New Deal, in part because women’s groups such as the Nation Organization for Women and the Feminist Majority lobbied hard against the president’s proposed “shovel ready” stimulus program.

My expectation of hyperinflation was based on the, in retrospect, optimistic assumption that the government could actually get the inflationary money circulating in a meaningful way.

For an indication of how out-of-touch the managerial class is, look at this quote from a Conference Board member:

“The data indicate that economic recovery is finally settling in,” said Ken Goldstein, economist for the Conference Board. “We can expect slow growth through the first half of 2010. The pace of growth, however, will depend critically on how much demand picks up, and how soon.”

Among the “leading indicators” referred to as “the data” is the “interest rate spread” which is basically how high an interest rate the government has to pay investors to get them to invest in long term government bonds over shorter term bonds.  The problem with this leading indicator is that long term interest rates can simply be a way to hedge against expected inflation—not real economic growth.  So what we may be seeing in these “leading indicators” is an attitude of “business as usual” from the managerial class—that economic growth and inflation go hand in hand—when it is most definitely not business as usual.

We’re closer to being a hollowed out African state than I had imagined even a year ago when I admitted surprise at the epic greed that has taken hold of the “masters of the universe” when they intercepted the liquidity injection to accelerate the already deadly centralization of wealth.  The prices that are likely to go up most are those most directly servicing the managerial class and its kept women.  Other prices may not go up nearly as much, if at all.

It would be interesting to see what the structure of hyperinflation is in Zimbabwe since that is the most likely scenario for hyperinflation here.  I suspect the way they’re getting money into the economy is even less pathological than it is here.  That’s how bad things may be for the US.

Posted by Bill on Sun, 29 Nov 2009 23:27 | #

I’ve just finished listening to a radio talk about the upcoming Climate Change meeting at the Copenhagen summit next Sunday.

The resulting conclusion of this talk (discussion) was unmistakable in that the meeting in Copenhagen is the climax of an agenda that was started decades ago, namely that the man made Global Warming claim is nothing but a naked push for the depopulation of the planet by cutting back on science and de-industrialisation of the Western world.

As a direct result of this pushed for agreement the American economy will be decimated by something in the order of 5/6 ths.

This is not the first time I’ve heard reference to a planned programme of depopulation by the architects of the NWO, bird flu, swine flue, water shortages, food bottlenecks, and the Global warming scam have all been cited as part of this depopulation plan.

Massive transfers of cash are in the pipeline from the developed world to third world developing nations, in fact I’ve read where the Western economies are in a transition stage to a green economy based on carbon emissions.

The consequences of the results of these programmes is unthinkable.

I know very little of things economic.

Posted by Thunder on Mon, 30 Nov 2009 00:16 | #

I have been watching this economic meltdown for about seven years now, since I sold my last business.  I honestly do not know what to invest in apart from bullion.  My portfolio is strictly defensive.

Apart from my home and gold and silver I bought a small country property, with water tanks, woodstove, fireplace even the laundry has a woodfired copper for laundering. I intend to set it up for a ‘back to basics’ life, if necessary, you know chooks,a goat or two and a veggie patch.  That is only if necessary I guess, but hell I am 60 now and ready to retire.  I was hoping for some travel and down time but I have to make sure my daughters are okay.

I did buy a motorhome, 4WD, dieselpowered 360watt solar panels, 330 litres of water storage.  I can go off road for a couple of weeks but maybe things will change so much that will be a white elephant and not a source of recreation.

The government is the wild card in all this.  They can do anything and change the whole game.  I mean how can a guy really cover all bases?

I did join the Australian Protectionist Party and plan to help out as best I can.  But mostly I think we can just give it our best shot and hope truth will prevail.

Posted by Thunder on Mon, 30 Nov 2009 00:19 | #

In case any Aussies are interested the website of the Australian Protectionist Party.

http://www.protectionist.net/

Sorry about going off topic.

Posted by torgrim on Mon, 30 Nov 2009 02:30 | #

“The government is the wild card in all of this.” Thunder

Do not underestimate the ruthlessness of government. Remember the SEC, and the breaking of Bunker Hunt and the Silver market? Or the wasting of a generation in Vietnam? Or FDR and his illegal confiscation of Bullion?

Bill mentioned the Copenhagen meeting, the powers that be have a decades investment in this bunko science and propaganda.

2010, if spending is not curtailed at this election cycle, inflation will be back with a vengence, but maybe that fits with the Plan?

Posted by Lurker on Mon, 30 Nov 2009 05:42 | #

Talking of Copenhagen, interesting to note the recent climategate. The AGW theory seems to be fatally holed below the waterline now, will it be enough to derail Copenhagen?

Like so many other issues, the real debate is to be found over the internet. But as far as the masses are concerned its only real if someone talks about it on TV. The MSM have decided to ignore the revelations.

Posted by Thunder on Mon, 30 Nov 2009 06:16 | #

Thanks for the warning torgrim.  No I do not underestimate the government and I am as prepared as I can be, I think, for what they may unleash.

But in truth they can do anything and I think they have my number, if only from all the letters and such I have sent in.  I have already been visited by the Australian Federal Police.  I have given up civil argument with our political ‘leaders’.  In my last few emails I have taken to calling them traitors and such because I am mad and they must know what they are doing.

The other day I sent an email to Chris Evans our Minister of Immigration and Betrayal calling him a moron for accepting Sri Lankan economic refugees who had occupied an Australian customs vessel, and he gave them special tratment.  Yet India, the Tamil homeland, and Sri Lanka have been buying tonnes of gold from the IMF.  C’mon boys wake up!

So it goes.  What can someone like me do really?  Prepare as much as possible for the worst possible scenario—social anarchy and economic theft.  I will not roll over whatever comes.  I have had a full bottle of bubbly today as I help my wife with the Christmas decorations so I am running off at the mouth a bit so shut up me and thanks.

Posted by PW on Mon, 30 Nov 2009 08:50 | #

Chronically high unemployment is common in all technologically advanced societies because the machines took all of our jobs.

And the unemployment is a lot higher than what the government reports—it is at least double what they say it is, in some areas it is 25% or higher.

Posted by Bill on Mon, 30 Nov 2009 08:52 | #

Carbon trading could be worth twice that of oil in next decade

The carbon market could become double the size of the vast oil market, according to the new breed of City players who trade greenhouse gas emissions through the EU’s emissions trading scheme.

http://www.guardian.co.uk/environment/2009/nov/29/carbon-trading-market-copenhagen-summit

Posted by Bill on Mon, 30 Nov 2009 12:46 | #

Nick Griffin stands alone over ‘dodgy’ climate change science

The BNP said: “It is a global Marxist mantra that is going to be used to beat people around the head, tax us to the hilt, smash nations and impose a one-world government.

http://www.guardian.co.uk/environment/2009/nov/29/copenhagen-climate-summit-nick-griffin

Posted by Bill on Mon, 30 Nov 2009 13:10 | #

It looks as though since the Credit Crunch collapse (how ancient and naff it now sounds)  the bright chaps in Wall Street have come up with a new scam.

Those dodgy bundles of debt which fueled the boiler of the global housing bubble have been cast aside for an even more lucrative scam, carbon emissions.

The BNP seems to have cottoned on and is about to poke a hornets nest.

Disclaimer.  I repeat, I don’t really ‘get’ the intricacies other than it will be the same old, same old faces laughing all the way to the bank.

Posted by Bill on Tue, 01 Dec 2009 17:01 | #

Nothing new but still relevant.

California here I come….

This is essentially how Western “democracy” works. In the USA in 2008 you could vote for an open-border Leftist candidate or an open-border “right-wing” candidate who wanted to implement the Leftist agenda at a slightly slower pace, as Western “conservatives” have been doing for generations now.Once or twice every decade, Leftist writer Noam Chomsky says something worthwhile. One of his best quotes is that “The smart way to keep people passive and obedient is to strictly limit the spectrum of acceptable opinion, but allow very lively debate within that spectrum.” This is exactly what Western elites are doing today.

http://democracyreform.blogspot.com/2009/11/nyt-friedman-compares-us-democracy.html

Posted by Fred Scrooby on Tue, 01 Dec 2009 17:26 | #

Bill, notice this:  when the reason for the way things are is the overlords’ limiting of the full range of debate topics one can’t say “the people’s liberalism” is the reason for the way things are.  So that’s out the window, the “liberalism” theory is out the window.  If there were no clampdown and we were free to discuss matters of importance, and blogs like Mangan’s weren’t getting shut down, then we might talk about the people’s “liberalism” being the cause.  But not now.  Not the way things are, with good folk living in fear lest they be punished for bringing certain topics up.  In that case it’s not “the people’s liberalism” doing all this, it’s something diabolical being imposed on us from the top down by the overlords.  To me that’s crystal-clear.  I don’t see the people as being “liberal.”  Was that cockney cabbie GW rode with a “liberal”?  Hardly.  Well, the others are no different. 

It’s being forced.  It’s not coming from the people.  The people are not “liberal.”  The overlords are forcing it.

Posted by James Bowery on Tue, 01 Dec 2009 17:47 | #

Its really pretty dangerous to hang your hat on issues like “artificial global warming” being a “fraud”.

The problem is that the existence of a genuine conspiracy to utilize this issue to impose a one-world government does nothing to detract from the reality of artificial global warming if, indeed, it is real.  Sure, if artificial global warming wasn’t real, they’d probably have to invent it, but that doesn’t change the fact that if it is real, the risk adjusted downside is immense.  It merely means we must be on guard against “solutions” proposed by the usual suspects.  Indeed, we should be proposing our own solutions that obviate theirs—not because we believe in artificial global warming, but because it is so hard to totally discount its possibility as well as its potentially catastrophic consequences.

We are in a similar situation with regard to our advocacy of ethnic purity.  Our adversaries want to claim that there is no danger from contaminationism.  Our response to them is like their argument for mitigating the potentially catastrophic effects of artificial global warming in that we are both arguing the plausibility of catastrophic consequences justifies our taking action now to reduce the likelihood of those consequences.

Posted by Bill on Tue, 01 Dec 2009 21:02 | #

James Bowery above December 01. 12. 2009.

I think you covered all the angles there.  Just one point.

Sure, if artificial global warming wasn’t real, they’d probably have to invent it,

Exactly.  This is what it’s all about, truth to these people is of no consequence (who can prove it one way or the other anyway?) to them, it’s like everything they touch, it’s just another stick to beat us into submission.  This is how they operate, to these people WMD’s are everywhere at hand to scare the **** out of us.

How is Obama going to sell plus 30.000 in Afghanistan to the American people?

The GW scam was chosen from many other WMD’s, they, (purps) wanted a scenario that was all threatening on a global scale (they could have gone UFO or aliens but presumably they lacked the credibility of GW.)  I can remember vividly the first time I read of introduction to GW, I immediately thought genius, the ultimate weapon of control.  I could be right.

Something else.

Just trying to get a handle.

Has the current Western political (consensus, coalition, alliance, understanding) call it what you will, been weakened in any way by the global financial crisis?

Is there a case for saying the capitalist system has been bankrupted by the excesses of global social engineering (and industrial manipulation) by the progressive left and capitalism both?

Or, as some would say, if the crisis has been deliberately manufactured by the global banking elites then the answer must be no.  If that’s the case, is everything on course for mid-wifing the NWO?

Just been reading this which prompted my posting. 

http://www.telegraph.co.uk/finance/economics/6695364/Angela-Merkel-alarmed-by-worsening-credit-crisis.html

Lastly, Is Q/E (printing money) a reality?  Do they really print billions of paper money or is it pixelated money (electronic) generated at the click of a mouse?  I often wonder how much of this crisis (if any?) has been caused by the instant availability of billions by simply adding a string of noughts at the stroke of the keyboard and click of the mouse.

Posted by Thunder on Tue, 01 Dec 2009 22:46 | #

One thing economic that evades me and for which I would appreciate a good reference or explanation is the reserve bank lending rate.

My understanding is that banks create money through debt and only have to maintain a small reserve of their total lendings.  Howveve as soon as the Reserve Bank of Australia raises their prime rate the banks immediately follow and often add a few points more to their lending rates.  Their explanations are always something like “...the cost of borrowing has gone up for us so we must pass on that cost….” 

The banks need only borrow a small percentage of what they lend so how can their costs rise above the Reserve Bank Rate? Is this just a ruse by the banks?

Posted by James Bowery on Tue, 01 Dec 2009 23:11 | #

Thunder, the big problem is natural monopoly on the standard currency—not fractional reserve banking.

Its sort of like the big problem with Microsoft is its natural monopoly on the standard operating system.

Moreover, it is not a problem that money is “backed by debt”.  Even money backed by gold is ‘debt money’ in that the issuer of the gold certificate incurs a ‘debt’ to the bearer of the gold certificate—a ‘debt’ that is repaid upon presentation of the gold certificate by the bearer to the issuer in exchange for physical gold.

Clearing up this confusion helps get to the bottom of what is really wrong with the monetary system.  The Federal Reserve is simply the Bill Gates of money.

Posted by Thunder on Thu, 03 Dec 2009 06:38 | #

Thanks James.  Not really the answer I was hoping for but I believe I see where you are coming from.  You truly are an idealist, aren’t you?  I guess I just want to be able to sort the lies out in the system as it is because however this ‘all plays out’ the same characters will be running a similar jaded scheme and we will have to live our lives within it.

Posted by TiminFla on Mon, 07 Dec 2009 03:59 | #

This chart sums up the current employment situation vs. post WWII recessions.Pretty sobering in light of the unprecedented monetary stimulus.