Headline: Jobless Claims Rise Unexpectedly - WTF!

[rogercbryan]

It seems like every damn week the headlines are the same - Headline: Jobless Claims Rise Unexpectedly - WTF is wrong with people. If the same thing continues to happen week after week how can it be unexpected? The working class structure of the American Economy is in shambles and there is absolutely no sign of it ever getting better. Did you know that in 1950 Albert Einstein made the same observation is his book "My Later Years". While I've been lucky to have had success in my life there is absolutely no hope for the working class in America. Our government has their head up their ass and the people are suffering for it.

Einstein was also an avid supporter of socialism. While I'm far from being a supporter of his ideals or that of Socialism I do see a need for more government programs for job creation in exchange for ending the hopeless welfare state that the government has created over the past 40 years. What can be done to fix this or at least alleviate the extreme stress that is being placed on the working class in this country? Any ideas?

[Chaseb731]

It's an easy fix that's against most people's nature with the economy like this already.

Everyone needs to go out and spend their money. When you're spending money your taking products off the shelves and therefore the stores hire to have people stock and inventory and have money to hire for other positions as well.

When the stock goes down they then order foods from the food companies, where those companies can then afford to hire more.

If the companies put the money back into the economy by hiring, paying,etc. instead of hoarding it, then America's back in business.

[rogercbryan]

It's an easy fix that's against most people's nature with the economy like this already.

Everyone needs to go out and spend their money. When you're spending money your taking products off the shelves and therefore the stores hire to have people stock and inventory and have money to hire for other positions as well.

When the stock goes down they then order foods from the food companies, where those companies can then afford to hire more.

If the companies put the money back into the economy by hiring, paying,etc. instead of hoarding it, then America's back in business.

You're not the first person to say something similar to this but I really don't think people have the money to spend. If they have no money to spend then your equation already falls apart.

Any other ideas?

[SteveG]

I don't see it as an easy fix but it is fixable. Bandaids exacberate the problem a few years down the line. Too much credit seems to fuel speculation that causes inflated stock and home prices and temporary employment. This country is short on money, we have to see what our assets are and sell them to other countries. Tecnology is an asset just as much as corn and wheat and oil and coal are assets. We need to provide a climate attractive to large and small business here right at home. We need to concentrate on raising the standard of living in developing countries so they can consume our products. At some point as manufacturing shifts from one lesser developed country to the next most countries will become approximately equal in their expectations for a standard of living. Once this happens the country with the best work ethic or most natural resources will gravitate toward the top. The more we export the more dollars that become available to be divided up here at home. The more we import the less dollars become available. We need to take an honest inventory of our assets and make some hard decisons on how they can best be used. Steve

[pacificfame]

I believe at some point we will see a new monetary system. We can not have a monetary system based off of nothing. At this point the USD will continue to slowly decline and inflation will continue to rise.

What do you expect when the banks loan out money they don't even have? And in return they make freakin interest off of it. The Federal Reserve is a private bank, there is nothing federal about them. They have the power to create money out of thin air. Our money is not backed by gold, it is backed by absolutely nothing.

Lets say the government needs 10 billion dollars. They exchange government bonds to the Federal Reserve. The Federal Reserve in return gives them Federal Notes. Check your money they say federal note on them.

Money = Debt

Debt is what runs our entire system. They want you to go to the bank and get a loan, this is how the whole system runs. This is how the economy is stimulated.

You go to the bank and get a $100k loan from XYZ bank. They put your paperwork in the vault, it is the paperwork that is worth 100k. Bank XYZ then contacts the Federal Reserve for 100k. The Federal Reserve gives bank XYZ 100k in notes.

Here is how the banks run a big scam.

You go to the bank deposit 10k and earn 1% interest. Because you deposited 10k in their bank they are no legally allowed to loan out 90k. By your deposit they can now loan money they actually do not have. The sick thing is they make interest off the 90k they loaned out, because you deposited 10k.

If the entire nation tried to pay back their debts, it would be impossible. There is not enough money.

Simply think of it like this. I will loan out $100 on 5% interest. Okay great, you need $100 to buy

This is from a great "story" from I Want the Earth Plus 5%. The truth about money, credit and the deficit

"This interest charge is wrong", he said. "For every $100 you issue, you are asking $105 in return. The extra $5 can never be paid since it doesn't exist.

Farmers produce food, industry manufacturers goods, and so on, but only you produce money. Suppose there are only two businessmen in the whole country and we employ everyone else. We borrow $100 each, we pay $90 out in wages and expenses and allow $10 profit (our wage). That means the total purchasing power is $90 + $10 twice, i.e. $200. Yet to pay you we must sell all our produce for $210. If one of us succeeds and sells all his produce for $105, the other man can only hope to get $95. Also, part of his goods cannot be sold, as there is no money left to buy them.

He will still owe you $10 and can only repay this by borrowing more. The system is impossible."

[kameron]

I believe at some point we will see a new monetary system. We can not have a monetary system based off of nothing. At this point the USD will continue to slowly decline and inflation will continue to rise.

What do you expect when the banks loan out money they don't even have? And in return they make freakin interest off of it. The Federal Reserve is a private bank, there is nothing federal about them. They have the power to create money out of thin air. Our money is not backed by gold, it is backed by absolutely nothing.

Lets say the government needs 10 billion dollars. They exchange government bonds to the Federal Reserve. The Federal Reserve in return gives them Federal Notes. Check your money they say federal note on them.

Money = Debt

Debt is what runs our entire system. They want you to go to the bank and get a loan, this is how the whole system runs. This is how the economy is stimulated.

You go to the bank and get a $100k loan from XYZ bank. They put your paperwork in the vault, it is the paperwork that is worth 100k. Bank XYZ then contacts the Federal Reserve for 100k. The Federal Reserve gives bank XYZ 100k in notes.

Here is how the banks run a big scam.

You go to the bank deposit 10k and earn 1% interest. Because you deposited 10k in their bank they are no legally allowed to loan out 90k. By your deposit they can now loan money they actually do not have. The sick thing is they make interest off the 90k they loaned out, because you deposited 10k.

If the entire nation tried to pay back their debts, it would be impossible. There is not enough money.

Simply think of it like this. I will loan out $100 on 5% interest. Okay great, you need $100 to buy

This is from a great "story" from I Want the Earth Plus 5%. The truth about money, credit and the deficit

"This interest charge is wrong", he said. "For every $100 you issue, you are asking $105 in return. The extra $5 can never be paid since it doesn't exist.

Farmers produce food, industry manufacturers goods, and so on, but only you produce money. Suppose there are only two businessmen in the whole country and we employ everyone else. We borrow $100 each, we pay $90 out in wages and expenses and allow $10 profit (our wage). That means the total purchasing power is $90 + $10 twice, i.e. $200. Yet to pay you we must sell all our produce for $210. If one of us succeeds and sells all his produce for $105, the other man can only hope to get $95. Also, part of his goods cannot be sold, as there is no money left to buy them.

He will still owe you $10 and can only repay this by borrowing more. The system is impossible."

Could not agree with you more.

Until the Fed is dismantled there will be no serious change.

Jefferson said that, “If the American people (or people of any
country) ever allow private banks to control the issue of their money,
first by inflation and then by deflation, the banks and corporations
that will grow up around them will deprive the people of their
property until their children will wake up homeless on the continent
their fathers conquered.”

Thanks to the internet and the information age people are slowly having their eyes opened.

They key to changing this, and fixing the vicious cycle, is to inform people. Educate them on what is REALLY going on.

People seem surprised because most are so busy with their 9-5 dropping little Susan off at soccer practice, and getting the laundry done, that they are actually surprised when they see such headlines as this.

They are not aware of the history behind the Fed, and the immense trouble the US economy actually is in.

The worlds largest wealth transfer of 50 Trillion. yes Trillion with a T is beggining to take place. What most economists are calling the "Greater Depression".

The expecting rates and market trends are going to put the wealth transfer of the great depression to shame.

You can either be aware of this, and capitalize on it. As the greatest financial opportunities in history are found during great falters such as this.

Or you can not choose a side, not capitalize on it, and by default choose the loosing side. The middle class is going to pay the price for the genius criminal act that is the "Federal Reserve"


Here is an article by Mike Dillard discussing the matter as well.
http://www.magneticsponsoring.com/ma...d-prosper.html

Enjoy