Monster readers are aware that I have been saying (since before Obama was installed) that Americans needed to reduce their debt, buy gold and silver, start stocking up on food and staples, buy guns, ammo and tobacco, and get ready for hyper-inflation. If you have not stocked up on food, NOW would be that time as prices in the grocery stores are about to start climbing. They have already started going through the ceiling here in the islands. I am seeing 25% to 50% increases on normal everyday items.
This is today’s “MUST READ” article from The Economic Collapse about what the unemployment numbers released today actually mean, and what is happening in the greater economy.
On Friday, headlines across the United States declared that “unemployment remains unchanged at 9.6%”. Many analysts rejoiced and heralded this announcement as a sign that we have hit bottom and that things will be turning around soon. But is that the truth? A closer look at the unemployment numbers reveals some disturbing facts. For example, according to the Bureau of Labor Statistics, a broader measure of unemployment that includes workers that have stopped looking for work rose sharply to 17.1%. But that is not the only troubling sign from this past week. Agricultural commodities continue to skyrocket, which means that food price increases are on the way. The foreclosure “robo-signing” crisis continues to escalate, and that threatens to throw the entire mortgage industry into a state of absolute turmoil. Meanwhile, the U.S. national debt continues to grow and wealth continues to leave the United States at a dizzying rate.
So is there reason for optimism?
No, not really.
10 – It appears that some weird games are being played with the national debt numbers. Back on September 29th, the U.S. national debt was 13.466 trillion dollars. On September 30th, the U.S. national debt soared to 13.561 trillion dollars. Then on October 1st, the beginning of the new fiscal year for the federal government, the U.S. national debt jumped up to 13.610 trillion dollars. So how in the world does the U.S. national debt jump by a whopping 144 billion dollars in just two days? Somebody has some explaining to do for this kind of accounting.
Make sure to hit the link and go over and check out the first nine. It is information you need.
Come on folks, laugh along with me because we are wayyyyyyyyyyyyy past the point of being frightened.
The unbelievable stupidity and ineptitude of the government goes unchecked when a 20 year old U.S. born citizen of Egyptian descent is secretly GPS tracked by the FBI, who then gets caught, and shows up in force to get their GPS unit back. I’m wondering which event came first, the tracking or the 9th Circuit Appeals judge stating it’s legal to trespass when the government is spying on it’s citizens. Well, maybe that’s not how the decision was actually stated, but the results are the same, yes?
A California student got a visit from the FBI this week after he found a secret GPS tracking device on his car, and a friend posted photos of it online. The post prompted wide speculation about whether the device was real, whether the young Arab-American was being targeted in a terrorism investigation and what the authorities would do.
It took just 48 hours to find out: The device was real, the student was being secretly tracked and the FBI wanted its expensive device back, the student told Wired.com in an interview Wednesday.
The answer came when half-a-dozen FBI agents and police officers appeared at Yasir Afifi’s apartment complex in Santa Clara, California, on Tuesday demanding he return the device.
Afifi, a 20-year-old U.S.-born citizen, cooperated willingly and said he’d done nothing to merit attention from authorities. Comments the agents made during their visit suggested he’d been under FBI surveillance for three to six months.
An FBI spokesman wouldn’t acknowledge that the device belonged to the agency or that agents appeared at Afifi’s house.
“I can’t really tell you much about it, because it’s still an ongoing investigation,” said spokesman Pete Lee, who works in the agency’s San Francisco headquarters.
Afifi, the son of an Islamic-American community leader who died a year ago in Egypt, is one of only a few people known to have found a government-tracking device on their vehicle.
His discovery comes in the wake of a recent ruling by the 9th U.S. Circuit Court of Appeals saying it’s legal for law enforcement to secretly place a tracking device on a suspect’s car without getting a warrant, even if the car is parked in a private driveway.
Okay stupid moos, is there any question in your mind about why Chairman Zero turned down IBM CEO Samuel Palmisano’s offer to reduce the cost of healthcare by $900 BILLION DOLLARS? Mort Zuckerman won’t hazard a guess in this interview with Stuart Varney on ‘Your World’, but we all know why Obama turned it down.
The federal government can harness technology to reduce fraud and waste and improve operational efficiencies, a council of technology executives says.
The Technology CEO Council, chaired by IBM (IBM) CEO Samuel Palmisano, estimates that the government could cut spending by $1 trillion if it followed the TCC’s guidelines.
“We’re serious about helping to provide solutions for the mounting debt crisis, and we’re optimistic that changes today will help lay the foundation for future job growth and innovation for our country,” Dell (DELL) CEO – and council member – Michael Dell said in a statement.
The deficit is estimated by the White House to exceed $1.4 trillion this year and next; it’s adding to a debt burden that’s larger than $13 trillion.
But the nation may be able to leverage innovative procedures developed by the tech sector to slash the deficit. Half a trillion dollars could be saved, for example, if the government were to consolidate its supply chains; another $200 billion could be saved by applying analytics technology to ferret out fraud in grant applications and the welfare system.