EVIDENCE that the FED aims to screw US workers
With the conflcts in Iraq, Afghanistan, and other parts of the world, who has time to read Bloomberg News?
But behind-the-scenes, another more sinister WAR unfolds on the pages of Bloomberg.
Read the original text (if it's still there) or, my backup.
"Dec. 2 (Bloomberg) -- The U.S. economy probably added 210,000 jobs in November..."
This is a load of crap--for a number of reasons;
First, you may no longer be eligible to make an unemployment claim, but STILL be UNEMPLOYED!
Now, let's examine who's feeding us this crap?
"The projection [is] the median of [a survey of] 69 estimates..."
FEAR statistics because they look more reliable than they are.
The median is the middle of a distribution: half the scores are above the median and half are below the median. The median is less sensitive to extreme scores than the mean and this makes it a better measure than the mean for highly skewed distributions. The median INCOME is usually more informative than the mean INCOME, for example. (emphasis added)
Hey, wait a minute! Bloomberg's not measuring FACTS! They're measuring PREDICTIONS that range from, the highest, at 350 by CITIGROUP and, the lowest, at 145 by Thomson.
Bloomerg's median forecast of 210 is NOTHING but SMOKE and MIRRORS designed to keep consumers SPENDING and the DEBTS rising!
If Citigroup is right (don't count on it), then Thomson and Bloomberg are not only WRONG, they're not even CLOSE! and vice-versa.
Besides, all these folks are either BANKS or heavily dependent on FINANCIAL markets for their livelihoods; in other words, take their predictions with a grain of salt--the size of a basketball!
But wait, it GETS WORSE! Read the following VERY CAREFULLY:
"Employment growth may support consumer spending and keep Federal Reserve officials on the path of raising rates to head off faster inflation, economists said."
"Today's report also probably will show that average hourly earnings rose 0.2 percent after a 0.5 percent jump in October, according to a Bloomberg survey of economists . . . 'Wage growth will continue to drift up, and I think that will keep the Federal Reserve TIGHTENING,' said Michael Moran, chief economist at Daiwa Securities America Inc. in New York." (emphasis added)
"Federal Reserve policy makers are concerned about TIGHTENING in the labor market because it eventually may lead to WAGE INFLATION. The Fed's Open Market Committee is expected to raise the benchmark overnight bank lending rate by 0.25 percentage point to 4.25 percent when it next meets on Dec. 13. The quarter-point increase would the 13th in a row." (emphasis added)
HOLY CRAP!!! This is EVIDENCE that the Feds DO NOT WANT working people to earn more!!!
In fact, they SEE TO IT that workers CANNOT earn more by TWISTING the interest rate SCREWS on employers and TIGHTENING the job market!
When the Fed raises INTEREST rates, employers can't afford to pay workers what they could afford to pay the day before the rate hikes; many cannot hire; and some may have to FIRE employees!
THIS IS AN OPEN ACT OF WAR.
If you didn't know before, NOW you KNOW, not WHO, but WHAT the REAL ENEMY is--the instrument by which they CONTROL US--INTEREST!