The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Tuesday, January 31, 2012

CBO report forecasts unemployment rate at 10% in 2012

In what assuredly would be a devastating economic indicator for President Obama, the Congressional Budget Office (CBO) came out with a report forecasting the unemployment rate for 2012.  While manipulated BLS reports in November and December dropped the rate down to 8.5%, the truth is those numbers reflect less people receiving unemployment benefits and don't take into account the hundreds of thousands who fell off the roles.

And the fact that the CBO predicted negative $2.5 trillion in net debt by 2011 back in 2011 is largely ignored. Anyway, here are some of the highlights.
  • 2012 Deficit: $1.1 trillion; 2013 Deficit: $0.6 - yes, we are cackling like mad too...
  • Unemployment to remain above 8% in 2012 and 2013; will be around 7% by end of 2015; to drop to 5.25% by end of 2022.
    • This forecast is utterly idiotic and is completely unattainable unless the US workforce drops to all time lows and the US economy generates 300,000 jobs a month for 10 years
  • Needless to say, CBO assumes the best of all worlds in this meaningless forecast
  • But here is the kicker: "Had that portion of the decline in the labor force participation rate since 2007 that is attributable to neither the aging of the baby boomers nor the downturn in the business cycle (on the basis of the experience in previous downturns) not occurred, the unemployment rate in the fourth quarter of 2011 would have been about 1¼ percentage points higher than the actual rate of 8.7 percent" translation: CBO just admitted that the BLS numbers are bogus and real unemployment is 10%. Thank you - CBO via Zerohedge

Never ask the government how many people are out of work, ask a bean counter, for they are the ones who are paying the benefits for those out of work.

UBS analyst forecasts the loss of hundreds of thousands of jobs

UBS analyst Art Cashin today showed a chart on how January is historically a very bad month for job creation, and in fact, should belay the loss of hundreds of thousands of jobs now that the Christmas season is over.

Disappointing Jobs - While everyone seems to debating what the non-farm payroll numb will be Friday, a few are looking toward the annual revisions in the much debated Birth/Death model.

As you probably recall, it does not refer to the birth or death of humans. The badly named model refers to the birth and death of businesses. Each January the BLS revises the number, usually vaporizing thousands of jobs.

The Net Birth/Death (NBD) statistic adjustment - an adjustment the BLS uses to account for job creation or loss with respect to births and deaths of businesses - is always the weakest during January. Over the last five years the NBD for January has averaged -335k. [January 2011: -339k, January 2010: -427k, January2009: -356k, January 2008: -378k, January2007: -175k.] - Art Cashin via Zerohedge

EU seeks to research insects as new food source for bankrupt economies

Leave it to the EU to think like elite liberals when it comes to feeding the masses in the wake of their banking crisis.  A new program funded by the European Union will seek to determine the protein attributes of insects, and research ways to make them a staple food source for the nations seeking nourishment.

The EU will spend three million Euros to research 'the potential of insects as an alternative source of protein.'

Research projects will be selected this year.

'While many insects are regarded as pests, the UN's Food and Agriculture authority is interested in promoting edible insects as a highly sustainable source of nutrition.'

Some worms contain three times as much protein as beef per ounce, while four crickets have as much calcium as a glass of milk. - Daily Mail

While the French have been partakers in snail cuisine for centuries, the rest of civilized Europe has sustained their health on standard agricultural products for most of their existance.  Perhaps then, the EU's new program is a foreshadowing of a much greater segregation between the haves and the have nots, and who is allowed to eat what when food becomes scarce in the bankrupt countries.

Monday, January 30, 2012

MF Global: Vaporize is the new banking term for stealing

The trustee for the MF Global bankruptcy has coined a new term to describe the theft of customer money and accounts.  Instead of using the criminal term stealing, or the legal term re-hypothication, the word Vaporized is being given by court appointed trustees for the whereabouts of private accounts and customer cash.

"As the sprawling probe that includes regulators, criminal and congressional investigators, and court-appointed trustees grinds on, the findings so far suggest that a "significant amount" of the money could have "vaporized" as a result of chaotic trading at MF Global during the week before the company's Oct. 31 bankruptcy filing, said a person close to the investigation." - Wall Street Journal

TO what end MF Global's actions and the subsequent court findings may have for future brokerage firms is uncertain at this time, but the old axiom of, "if you don't hold it, you don't own it' works everlastingly.

China and the Year of the Golden Dragon

It's the Year of the Dragon on the Chinese calendar, but early on in 2012, it can now be said it is the Year of the Golden Dragon.  Gold sales are up 49.7% during the week long celebration.

Xinhua, the official press agency of the government of the People's Republic of China reports that a "gold rush" swept through China during the week-long Lunar New Year holiday this year, with demand for precious metals and jewelry surging since the Year of the Dragon began.

Data released by China's Beijing Municipal Commission of Commerce shows a 49.7% increase in sales volume for precious metals jewelry and bullion during the week-long holiday (over last year), which lasted from January 22 to 28 over that of last year's Spring Festival. - Goldcore via Zerohedge

Couple this with the recent $100.00 move for gold on the New York exchanges in just 2 days and the astrological calendar may indeed be pointing to 2012 as a great year for the yellow metal.

Friday, January 27, 2012

Rumors of cash controls coming even as Smart Phones set foundation for cashless society

Cash, liquidity, capital... all words that describe the mediary tool of conducting transactions for goods and services in the marketplace, as well as the foundations of business and government funding.  For years, technology has increased in scope almost to the point where electronic transactions could one day replace physical cash in selling and purchases, and additionally, the agenda and policies to force Americans to that new paradigm are currently being discussed.

On January 24th, John Galt FLA of the Shenandoah Blog and of the Voice of Galt on the Just Measures Radio Network, reported that he has been receiving strong news from inside sources that the government is looking very hard into cash controls on citizens in the United States.  Cash controls are a program where people are limited to a certain amount of cash they are allowed to spend per week, month, etc..., and businesses would be the ones to document and turn away those who might spend more than the allotted amount.  This process is already taking place in countries like Greece, who are forcing their citizens to limits on cash transactions.

The emphasis however, is on cash, not credit, debit, or other means of asset usage.  And the rise of the Smartphone is making it very easy to carry a virtual wallet with you, by which cash can nearly become obsolete.

PayPal, which is beginning to roll out in-store e-payment systems, starting with Home Depot (HD -0.56%), will be one of those companies relying on smartphones as part of the new payment systems.
In fact, if you look around, smartphone "wallets" are suddenly everywhere. Get in line to board a flight, and odds are that you'll spot someone ahead of you offering up their smartphone with an image of their boarding card rather than an antediluvian paper boarding pass. A PayPal developers' conference even featured the demonstration of someone using a smartphone (along with Twitter and a PayPal account) to buy a gumball from a machine. - MSN Money

While these new measure might not be the proverbial 'mark of the beast' predicted in the biblical book of Revelation, the groundwork for the end of cash is very quickly being installed in nations and businesses around the world.  Holding cash is a like holding gold for citizens... a control over your monetary finances, but when it moves completely to an electronic system, your power over your money get removed, and your future choices become limited to ones governments and businesses want you to make.

Iconic companies standing on the precipice of bankruptcy

Over the past month, two iconic companies filed for bankruptcy as the economic recovery proves to be little more than smoke and mirrors, and a growing of printed money from the Fed while GDP and consumers spend less and less.  Eastman-Kodak and American Airlines were some of the first, but a new list by Business Insider shows that up to 17 more stand on the precipice of bankruptcy themselves.

Caesars Entertainment
 Financial distress probability: 7.28%

Clearwire (CLWR)
Financial distress probability: 9.54%

McClatchy (MNI)
Financial distress probability: 10.16%

AK Steel Holding (AKS:US)
 Financial distress probability: 10.98%

Republic Airway Holdings (RJET)
 Financial distress probability: 11.12%

Tennessee Valley Authority
 Financial distress probability: 11.82%

Office Depot (ODP)
Financial distress probability: 11.90%

Barnes & Noble (BKS)
 Financial distress probability: 12.05%
Standard Pacific (SPF)
Financial distress probability: 13.35%

Dynegy (DYN)
 Financial distress probability: 13.93%

Talbots (TLB)
Financial distress probability: 14.86%

KB Home (KBH)
 Financial distress probability: 15.52%

Unites States Postal Service
 Financial distress probability: 17.30%

Thomas Cook Group (TCG:LN)
 Financial distress probability: 17.94%

Air France (AF:FP)
 Financial distress probability: 18.99%

Imperial Sugar (IPSU)
 Financial distress probability: 20.37%
Dendreon (DNDN)
Financial distress probability: 30.62% - Business Insider

Financial distress probabilities was calculated by GovernanceMetrics International.

Even in recovery there are 216 economic dead zone around the US

As economic recovery moves slowly and gradually in many cities and areas around the US, a new study by Louis Ferleger of Alter Net lays out 216 economic dead zones that have not been a part of this emergence, and are in fact moving further away from recovery.

There are 216 defined metropolitan (metro) and micropolitan (micro) areas—with populations ranging from 10,000 to 4 million—that have had unemployment rates at least two percentage points higher than the national average for either 20, 10, or 5 years (see tables 1, 2, 3 at the end of this article). These are America’s dead zones. Here employment growth is stagnant or non-existent and high levels of joblessness dominate. Some areas were once prosperous while others have recently experienced economic distress. In these communities paid work is hard to find for those who have not given up looking, and widespread involuntary idleness is the norm. - Alternet

Here is a list of these cities and dead zones courtesy of

America has a history of cities and areas rising and falling for one reason or another.  The gold and silver rushes of the 19th century hold a plethora of ghost towns that were at one time some of the richest municipalities in the country.  Today, the city of Detroit is becoming one with the loss of so much industry, automobile manufacturing, and a brain drain out of the city and state.

Thursday, January 26, 2012

Warren Pollock joins Gerald Celente in predicting a bank holiday soon

Max Kaiser did a recent interview with former Wall Street executive Warren Pollock on the state of the economy, and what he foresees in the near future for the government and monetary system.

In the interview, the economic blogger made the prediction that "they are setting themselves up for a bank holiday"

Max Kaiser:  Weve gone over the MF Global story, tell us what you think is the bigger picture from MF Global

Warren Pollock:  Right now we are watching law being changed to selective interests... the interests of JP Morgan, Goldman Sachs, and the banking cartel.  And what they're trying to do right now is set themslves up for a bank holiday.  And what they're saying is, their speculation will always be subsidized by customer funds.

You can watch the entire interview here thanks to MyTube22T.

Sovereign debt can now be measured in the quadrillions

The small but industrious nation of Japan has just finished adding a few more zeros to their computer models as sovereign debt for the Asian powerhouse has just crossed a new Rubicon.

$1 quadrillion yen.

Yesterday the Japanese Finance Ministry made a whopper of an announcement: in the year ending March 2013, total Japanese debt will surpass one quadrillion yen, or ¥1,086,000,000,000,000. This is roughly in line with the Zero Hedge expectations that by this March total Japanese debt would surpass one quadrillion yen. In USD terms, at today's exchange rate, this is precisely $14 trillion. - Zerohedge

In simple terms, this is the inevitable state of a nation who prints, and relies upon a fiat currency.  Once started down the path of money printing to create growth and productivity, there is no turning back until its entire devaluation leads to a collapse.