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, May 8, 2012

Greek production and tourism closing the doors on economic recovery

Even after the EU bailout of Greece, and the subsequent austerity imposed on its citizens, not a single indicator shows that the Mediteranean nation is emerging from any sort of depression.  In fact, both economic production and tourism, the two mainstays of Greek economy, are spiraling down to historic levels.



Athens has the highest rate of empty office space in Europe, according to data for the year’s first quarter presented by BNP Paribas Real Estate.
Its report on the course of the European office market showed that the availability rate in the Greek capital soared to 20 percent in the January-March period from 15.5 percent in the same period last year.


This clearly illustrates the blow that the recession has inflicted on the country’s business activity, resulting in a major drop in demand for the lease of office space.
Additionally:
Online tourism bookings from abroad are pointing to a 12.5 percent decline for this year, according to the Airfasttickets travel agency.
Nikos Koklonis, head of the company that owns the agency, says that the biggest drop in bookings for Greek destinations this year is from the German market, which last year accounted for 15 percent of all bookings. Its share has now shrunk to just 3 percent.
Surprisingly, most bookings from abroad this year originate from Italy, followed by Britain, Spain, France and Austria. One in four clients the agency handles chooses Greece as its destination.
Association of Hellenic Tourism Enterprises president (SETE) Andreas Andreadis expects receipts from tourism to drop below 10 billion euros this year, after climbing to 10.5 billion in 2011. - Ekathimerini
Forced austerity is a death sentence to any nation, both fundamentally and economically.  Few politicians have the stomach to implement slow changes, since the people, once they get socialistic promises of pensions, welfare, and healthcare, will fight governments to the end until there is little left and the entire ball drops.

This is why Greece is simply a microcosm of what will occur to most of Europe in the future.  As former Prime Minister Margaret Thatcher once said:  "The trouble with Socialism is that eventually you run out of other people's money."

Friday, May 4, 2012

Investor Jim Rogers sees America ready to expereince riots in the streets

Billionaire investor Jim Rogers sat down with the Wall Street Journal and predicted that the coming drop in the next leg of the financial crisis will push Americans over the top and the rioting we have seen taking place in Greece and other parts of Europe will appear all across the country.



“I’m more worried about those kind of problems [rioting] in the U.S. and Europe; this is where social unrest is going to be worse,” Rogers told the Journal.  “I would suspect that, when economic conditions get worse here and get worse in Europe, we’re going to see . . . you’ve seen governments fail in Europe; you’ve seen countries fail in Europe. I suspect you’re going to see more of it [rioting], yes.
“We saw it in London; we’ve seen it in several countries in Europe in the last year or two.  Yes, I expect to see it here, too.  If you don’t, look out your window” - ETF Daily News
Rogers also went on the interview to say that the Fed has zero credibilty, and no amount of money printing or economic policy will change the inevitable crash that is already setup to take place.

It doesn't take a rocket scientist to understand that the American people are nearly at the tipping point, and our history of both peaceful and revolutionary protests are legendary.  As trends forecaster Gerald Celente has said, when people no longer have anything to lose, they lose it, and judging from today's unemployment numbers, that time is drawing ever closer.

The unemployed are gonna party like its 1981

While the Obama Administration will undoubtedly celebrate the manipulated 8.1% unemployment rate number printed on May 4th, those who are actually unemployed will be celebrating in a different way.  The number of people who are not counted as being in the labor force soared to the highest levels since 1981, when America was in the midst of the Carter induced stagflation period, and interest rates needed to be raised to almost 20 points before the system flushed out the financial virus's.

it is just getting sad now. In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000. This is the highest on record. The flip side, and the reason why the unemployment dropped to 8.1% is that the labor force participation rate just dipped to a new 30 year low of 64.3%. - Zerohedge
So when you can't find a job, the government sees you as a non-entity, and $5 trillion of government debt has created nothing, there is no choice but to spend your last few dollars on some brews or cheap whiskey, and toast the roaring 2000's, where bubbles gave you a job, and bursting bubbles took it away

FED can no longer track unemployed since data broke through chart ceilings

The system is now officially broken, as the chart parameters created by the Federal Reserve to measure those unemployed have been breached, and no longer represent the true number of Americans out of work.

The newly announced number of 88,419,000 Americans not counted as being employed, or having a job is greater than the upper range chart the St Lous Federal Reserve bank uses to measure this statistic.


NOTE... the chart only reaches 88,000,000, and can no longer reflect increases to the data.

Thus, unemployment in America is now on full tilt, as the machine is broken, and the Fed has proven it doesn't have the key, nor the processes to fix the US job problems.

Obama preparing unemployment rate for November elections

It's that time of the week again, where the B(l)S jobs report shows 99% negative data, but 1% positive in the baseline most Americans will see.  The unemployment rate dropped to 8.1%, even though there were more jobs created by the mythical birth/data adjustment, and now the rate stands on the threashold where President Obama can soon use it to his advantage in the November elections.



Expectations were for an increase in non farm payrolls of 160,000, and a 8.2% unemployment rate. We got +115,000, and 130,000 privates. Unemployment rate at 8.1%, lowest since January 2009. Schrodinger is alive and well.

From the release:
Both the number of unemployed persons (12.5 million) and the unemployment rate (8.1 percent) changed little in April. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (7.5 percent), adult women (7.4 percent), teenagers (24.9 percent), whites (7.4 percent), and Hispanics (10.3 percent) showed little or no change in April, while the rate for blacks (13.0 percent) declined over the month. The jobless rate for Asians was 5.2 percent in April (not seasonally adjusted), little changed from a year earlier. - Zerohedge

So not only did the analyst estimates of jobs created fail by 50,000, the unemployment rate stated by the Obama administration dropped a percentage point lower than expected.

Once that rate falls below 8%, then the politics of spin will begin.  In reality, the true unemployment rate is over 16%, with a record number of people not even being counted as unemployed because they simply aren't recorded as receiving government benefits.

Tuesday, May 1, 2012

Housing trend: More people renting homes today than a decade ago

There is one underlying fact about housing data, and that is the reporting is done by those with a specific agenda.  When two analysts read the same data, and come up with entirely different conclusions, then either no prediction is possible, or one of those two analysts must work for the government.

With this being said, the truth is, housing prices and opportunities for Americans is not improving, but in fact, is decreasing.  A new chart shows that more people are renting rather than owning homes in 2012 than they did just a decade ago, and before the bursting of the housing bubble.



Less than two thirds of Americans say they own their own homes - the lowest rate of home ownership in more than a decade.

A new Gallup poll shows just 62 per cent of Americans are homeowners, down 11 percentage points from the high of 73 per cent in 2007, just before the housing market crashed spectacularly.

A record number of Americans, 43 per cent, also say their homes are now worth less than what they paid for them.

The new data, based on a survey of 1,000 people, shows that housing market continues to plummet, despite modest economic recovery and improvements in the unemployment rate.

The home ownership rate reported by Gallup dropped six percentage points from this time last year. The numbers were the lowest in the history of the survey, which Gallup began taking in 2001. - Daily Mail


Unfortunately, the Federal Reserve and the Treasury place too much stock in home ownership, consumer spending, and the stock markets rather than focus on actual production, job growth, and exports.  The economy will continue to decline because the American people have not recovered from the failures of the banks in 2008, and housing will be a dream left in the past unless fundamental changes are made which clear out the debts of this recession.  Without this deleveraging of debts, the system cannot provide Americans the chance to own a home for years to come.

Money can buy you happiness

An interesting research project by the non-proft group TED (Ideas Worth Spreading) resulted in some very unique results, especially in regards to the old axiom, money can't buy you happiness.  In the video piece below, TED shows that in fact, using money in ways other than spending it on yourself in the accumulation of material goods, can in fact provide great happines and joy by triggering certain psychokinetic and physcially based processes which are the core happiness centers in the body.






In the end, it is a scientific look at what people throughout time and history have known.  It is better to give than to receive, and happiness is derived best when you are both economically able to give, and when you are able to share what you have with others who do not.

The important thing as well, is the CHOICE to share, not the mandate of government to take from you and give to whom they see fit.  That in fact, will bring you anger and bitterness versus happiness.

Government will run out of money before elections

The great Debt Ceiling debate of 2011 appears to have accomplished little but to maintain the status quo for big spenders in both the Republican and Democratic parties.  In fact, after the political rhetoric of the Super Congress, and cut spending took place over a month last summer, the end result has been an INCREASE in spending, so much so that the government is now expected to run out of money a full month before the Presidential elections.

This after Congress promised the American people that their raising the debt ceiling in 2011 would last until the end of 2012.

Earlier today, the Treasury forecast that in the third and fourth fiscal quarter of 2012 (April-September), the US would need a total of $447 billion in new debt (split $182 billion in Q3 and $265 billion in Q4), bringing the total debt balance to just over $16 trillion by the end of September. While this is a commendable forecast, and one which certainly has provided to alleviate rumors that the US debt ceiling of $16.4 trillion would be breached by the mid/end of September, the chart below shows that it may be just a tad optimistic.

The only problem is that when one superimposes the projected debt issuance with the historical one. ...So maybe someone smarter than us can explain how the trendline of debt issued to date, and the forecasted debt differ by a cumulative $300 billion over the next 5 months? - Zerohedge




Charts courtesy of Zerohedge

Since the Daily Economist already pointed out last month that reliance on government reports equates to misinformation, then the chances that the Obama Administrations Treasury Department actually projecting correct data is simply propaganda.  President Obama has spent more debt in his first 3 years than President Bush did in 8, and this includes paying for 2 wars.

No, the government will be bankrupt (Again) by the end of September, and the question will be, who will be able to use this politically to win the White House in November.

Tuesday, April 24, 2012

Illegal aliens head back home as they find economy in Mexico better than in the US

In a new report from the Pew Hispanic Center on April 23rd, illegal aliens and legal migrant workers left the US in numbers higher than those who crossed the Rio Grande coming into the country.  It was the first time in 15 years that this has happened, and provides a huge barometer against the myth that America's economy is getting better.


Political cartoon courtesy of Daryl Cagle

The largest wave of immigration in history from a single country to the United States has come to a standstill. After four decades that brought 12 million current immigrants —more than half of whom came illegally—the net migration flow from Mexico to the United States has stopped—and may have reversed, according to a new analysis by the Pew Hispanic Center of multiple government data sets from both countries.
The standstill appears to be the result of many factors, including the weakened U.S. job and housing construction markets, heightened border enforcement, a rise in deportations, the growing dangers associated with illegal border crossings, the long-term decline in Mexico’s birth rates and changing economic conditions in Mexico. - Pew Hispanic Center



In the end, does this speak MORE on immigration polices, or the fact that America's economy is not looking very good going forward?  For all the pundits who tout the stock markets, but fail to address jobs, small businesses, and the decrease in consumer spending, these analysts continue to live in an ivory tower fantasy land that even they will soon have to wake up to face reality.

Friday, April 20, 2012

The Lost Boys: foreclosures have evicted 2.3 million children with more on the way

Most economic analysts point to the millions of families that have been uprooted through foreclosure since the bursting of the Housing bubble in 2008, but very few have looked into the impacts of the children who have seen their lives change, and what the future holds for them as they continue to grow up.


Five years into the foreclosure crisis, many American families with children continue to lose their homes through foreclosure. An estimated 2.3 million children in single-family homes have already lost their homes to foreclosure, and even more - 3.0 million children - are at serious risk of losing their homes in the future. Another three million or so children may face eviction from rental properties that undergo foreclosure, suggesting that more than 8 million children are directly affected by the ongoing foreclosure crisis (see Figure 1). As single-family and rental properties continue to enter foreclosure, children face not just the loss of their homes, but also the risk of losing friends and falling behind academically if they are forced to switch neighborhoods and schools.

Children Affected by Foreclosures
Children are the often invisible victims of the foreclosure crisis. Mortgage records do not tell how many children are in owner-occupied homes, and it is even harder to estimate the number of children in rental properties. Yet foreclosure affects not just the homeowner or landlord, but also the children living in the foreclosed properties. This brief combines state-by-state estimates on foreclosures with Census Bureau data on the living arrangements of families with children to generate estimates of the numbers of children affected by the mortgage crisis. It also synthesizes research bearing on the negative effects of foreclosure on children’s schooling and overall well-being and outlines some possible policy responses. -
Brookings Institute





"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."