< HOME  Friday, December 02, 2005

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!


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!


At Friday, December 02, 2005, Blogger Windham_County said...

I very much agree.

So now that we know they are waging war against us, what do we do about it?

Localized production, localized trade, is the answer as I see it. It would be the worst nightmare of the bankers and the other plutocrats.

Imagine if we stopped buying most of our food from supermarkets. Imagine if we did so much local production and local trade that corporate profits plunged, and unsold inventories soared.

Imagine if we took the extra money we saved and bought silver coins, and traded among one another in silver coins and barter.

The voting that occurs every four years in voting booths doesn't count.

When you send your dollars back to Global Corporations, that's the most important vote you are making for the Corporations and the Federal Reserve.

For this to work, we need lots of us doing this.

This is where Comparative Advantage would really work. For example, I am an organic farmer, see my blog at locallygrownct.blogspt.com

I need someone in my area to start making cheese. It would be about 700 dollars in equipment and training from www.cheesemaking.com to get started, and I nkow where to get milk off a farm. I'd buy the cheese, and I know a lot of other people who would too. You could basically make a hell of a hobby income off this. I don't do it myself because I am too busy working my land in the little free time I have.

Other ways this Comparative Advantage works in local economies -- I get unlimited free horse manure for my fields, and free bread for my chickens from a larger scale chicken farmer who gets too much free bread for his chickens.

It's the Gift Economy at work in front of my eyes. If only more people would join me.


At Friday, December 02, 2005, Blogger qrswave said...

I am with you 100% Rob!

We must cut out the CORRUPT middleman!

Then, and only then, might they listen and offer us a pure currency--one that does not rob us blind!

Because I am currently strapped as a student my short term plan is to not spend a nickel on anything but my bare necessities and I recommend that everyone, no matter what their circumstance, does the same (use only CASH when you buy).

But, a longterm strategy must be implemented, just as you're proposing in your area, that includes cooperation among like minded people in a local area.


It's our only chance.

At Friday, December 02, 2005, Anonymous Anonymous said...

Rob, your comment speaks volumes.

I'm not sure if your familiar with Path To Freedom ?

Albeit I would say most people are now living in homes or apartments where there just isn't enough land to plant all that is needed for full support which is why making it a community effort is the KEY.

At Friday, December 02, 2005, Anonymous Anonymous said...

Man this is sad. But tp is right. For example my current apartment is in a more urban area. Theres practically no ground that could be used for such things. Our front "yard" is maybe a 4x4ft block on either side of the door.

Sadly we're tied into this apartment for a year so I'd have to give up my $600 deposit to move out.

Also, not that many people even know how to farm and such these days. Its a lost art among the majority.

I'm all for anything that can be done though. This system has got to go. Of course I'm in big trouble if the corps go down the drain because I work in IT/computers. Makes this whole thing a double edged sword =(

At Friday, December 02, 2005, Anonymous Anonymous said...

Oh by the way, I dont remember how I stumbled on this site, but I love it and I check it every day now.

At Monday, December 05, 2005, Anonymous Anonymous said...

Lets examine the system for a minute shall we.

Lets see....

It is in the governments and big business interest to keep unemployment UP, to create a labour market that can't ask there employer for a pay rise because there is numerous others that will do the work. BUT the govt must be seen to do something about unemployment, hence the fudged figures for unemployment.

When inflation does take hold do you notice that it is always YOUR fault.
(The fed says that wages have gone up so inflation is only natural.)


The reason inflation goes up is because the company you work for just gave you a payrise so instead of just allowing you to have a tiny amount extra of company profits it jacks up the prices on everything it sells to "recoup the cost", just another way of saying we want to make a record profit this year as well.

This is where the labour market falls down on its ass.

You as the worker must take what your given. The company can take what it likes by "passing on costs".

Why cant companies be happy making A profit, why does it always have to be a record profit.

Remember, Inflation doesnt exist if companies dont raise their prices.

Call me socialist, but I think companies should be limited to making a certain percentage profit and a portion of that profit should go to the employee. I cant take what I want so why should they.

At Saturday, January 21, 2006, Blogger Obbop said...

We must also remember that around one-million legal immigrants and an estimated one-million or so illegal alien invaders enter the USA yearly.

Typically, the number of created jobs does not match the number of new workers arriving during the time period reported on.

I have NEVER seen, read nor heard the media, spewing politicians or the bureaucratic lackeys of the wealthy elites mention the impact of immigration upon the statistics the elites and their lackeys concoct.

Remember, the federal government is the greatest threat to our freedom... far more than all the world's terrorists combined.

At Saturday, January 21, 2006, Blogger qrswave said...

Thanks, for stopping by, Obbop.

I agree that the federal government as it is currently run is a greater threat to Americans freedom than all the world's so-called terrorists combined.

But, I would keep in mind that the immigrants that are coming across the border in droves are doing so not because life in America is great, but because it is better than the economic genocide that's being implemented in Mexico, thanks to the World Bank, the IMF, and a corrupt Mexican government that sells its people for a paltry price.

It's time for hardworking people all over the world to realize that we are all being terrorized by the constant threat of capital flight.


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