US and NC economy and jobs much worse than reported, Bernanke exposed the fragility of the US economy, Media under reports, Financial markets ignore, It is about people and families

US and NC economy and jobs much worse than reported, Bernanke exposed the fragility of the US economy, Media under reports, Financial markets ignore, It is about people and families

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

“The Labor Force Participation Rate in NC has dropped 1.6 percent in 2013.”…Citizen Wells

“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″

 

 

 

 

I have tried to report the reality of the economy and jobs situation in the US and my home state of NC.

Even though I write about and comment about politicians, I am pretty much apolitical.

After all, what happens in this country is about people, their families and their lives.

I was touched recently by this ad in Craigslist.

“IM LOOKING FOR SOMEONE TO TAKE OVER PAYMENTS ON MY WHITE 2008 KIA SPECTRA. THE PAYMENTS ARE AROUND $225 PER MONTH. IT IS IN GOOD CONDITION WITH AROUND 80,000 MILES ON IT. I RECENTLY LOST MY JOB AND CAN NO LONGER MAKE PAYMENTS. MAKE A REASONABLE OFFER AND IT IS YOURS!”

This is not a statistic.

It is a real person who has lost a job.

I know and I am certain that you know people who have been affected by the job market and economy.

From Citizen Wells September 20, 2013.

The article from Independent Review Journal, in a series of graphs, paints a picture of the true state of the economy and the changes in the past 5 years.

  • There are 12.6 percent more part time jobs and 4.6 percent fewer full time jobs.
  • Even with part time workers being counted the stated unemployment rate is 7.3 percent instead of 5 percent.
  • The labor force participation rate has plummeted 3 percent.
  • The average length of unemployment has risen from 17.7 weeks to 37 weeks.
  • Median household income has dropped $ 5,000.

Read more:

https://citizenwells.wordpress.com/2013/09/20/us-economy-healthy-obama-democrat-economic-policies-helped-12-6-more-part-time-jobs-high-unemployment-labor-force-plummeted-average-length-of-unemployment-more-than-double-median-household-in/

I would like to thank Zero Hedge for this article.

“What Bernanke Did”

“What Ben Bernanke did by not Tapering was expose the fragility of the US economy for all to see. His actions, Mises Institute’s Peter Klein explains in this brief clip, based on the premise that the US economy was not capable of sustaining any reduction in the $85 billion per month stimulus free-money, means once again “the economy is so dependent on artificial stimulation from the central bank… that the economy is in another artificial boom just like the artificial boom we have been trying to get out of.” Critically, for all those proclaiming the US as a “cleanest shirt,” Bernanke proved them wrong (and exposed the fallacy of data such as the unemployment rate and jobless claims as having any value – as we have explained).”

Read more:

http://www.zerohedge.com/news/2013-09-21/what-bernanke-did

 

 

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34 responses to “US and NC economy and jobs much worse than reported, Bernanke exposed the fragility of the US economy, Media under reports, Financial markets ignore, It is about people and families

  1. So many of us are in similar straits as the person with the KIA. I pray that he/she is able to sell the vehicle. The economic destruction of our country has destroyed lives. It is all about families.

    Kind of off the subject, but one has to wonder if this truly occurred in the last few weeks. Wouldn’t surprise many if it did, particularly those who know the psychological aspects of O. http://nationalreport.net/meltdown-washington-president-obama-reported-sedated-following-emotional-breakdown/#comments
    http://blogs.telegraph.co.uk/news/nilegardiner/100058278/a-presidency-on-the-verge-of-a-nervous-breakdown-5-key-reasons-why-barack-obama%E2%80%99s-future-looks-increasingly-bleak/

  2. Thanks kaks.
    Definitely plausible.

  3. I can find no confirmation of a Obama diagnosed mental breakdown.
    In regard to sedation, I believe that Obama is still using illegal drugs.

  4. Hi All,

    This is totally OT but since the info has been requested, here’s the scoop on the 2013-14 flu vaccines. We have two new ones in the mix this year.

    Of course, the CDC and WHO always give their best guess as to the strains that will strike in any particular year and that’s all it is: A guess. There have been years where a vaccine was created for an ‘A’ strain, and a ‘B’ strain hit, rendering the flu shot useless and sickening many.

    First of all, we have the standard FluMist (produced by MedImmune). This is an intranasal spray and it’s LIVE virus, not the usual killed virus you find in the shot-in-the-arm vaccines. It’s recommended for healthy, nonpregnant people, ages 2 through 49. FluMist is a ‘quadravalent’ vaccine, which means that it targets 4 flu strains, rather than the normal 3. There is also a new intranasal spray (produced by Sanofi Pasteur) which contains KILLED virus; it’s called Fluzone and there is no age limit on this one. It is also a quadravalent vaccine.

    Then, we have the usual trivalent vaccine, which targets 3 flu strains. This year, these are the A/California strain (this is the H1N1 vaccine, the same untested vaccine we’ve had since 2009, and the reason I’ve not gotten a flu vaccine for the last 5 years); next is the A/Victoria (H3N2) strain (the same as last year); and finally, the B/Massachusetts strain, which is new.

    The new kid on the block is a quadravalent vaccine (produced by Sanofi Pasteur) and like the FluMist and Fluzone nasal sprays, it targets 4 strains. It contains all the vaccines in the trivalent vaccine (see above), plus the B/Brisbane strain.

    If you wish to get a flu shot, check with your doc or health clinic to see what they’re offering this year. I will pass again this year (although the vaccine is highly recommended for me) and each subsequent year until they take that damned A/California H1N1 pig flu strain out of there.

    Please make an informed decision as to whether or not you want to get a flu shot this year and know what’s contained in the vaccine you’re injecting into your body. If you think you may be at risk for Pneumonia, the tried and true pneumococcal vaccine will serve you well; even I get that one!

    Hope this helps.

  5. Just curious…has anyone gotten dropped from their current health insurance due to not being compliant with ovomitcare? Or have your premiums been increased dramatically? Or has your employee coverage been dumped into an exchange?

  6. HOW WILL WE TELL OUR GRANDCHILDREN?

  7. SueK,

    I have never gotten a flu shot, and I seem to be “alive and kick’n”. I think I’ll pass this year too. But the pneumonia shot might serve me well if you think it is called for.

    I hesitate to ask this but I heard that mercury is added to vaccines, particularly children’s. Any thoughts?

    I have a dear friend whose child developed severe asthma after receiving childhood vaccinations. Others, I hear, have become autistic.

    Maybe there is no connection……. but maybe there is.

  8. SueQ | September 22, 2013 at 5:25 pm |

    Hi Sue,

    The pneumonia shot has been around for a long time, so that’s one I do get. Talk to your doc; if he/she thinks it’s a good bet or if you have respiratory issues, I’d go for it.

    The mercury you’re referring to is Thimerisol, a preservative. Many consumer products have dropped it because of the instances you mention. Ask your healthcare provider to find out if it’s in whatever you’re considering; they have been making vaccines without it and you can request that it not be in yours. It may be a special order, but it can be done.

    During this cold and flu season, wash your hands raw while singing two choruses of ‘Happy Birthday’, (that’s about the time it takes to wash well) alcohol your hands until they crack in the absence of soap and water, and stay away from people who are known to be sick. Always be aware of your surroundings and the potential for people/surfaces to contaminate you.

  9. SueK,
    Thanks for the research on the flu shots! We know yours can be trusted.

    I have never had a flu shot either, SueQ, because I don’t do well with vaccines, period. The problem is that after it is in your body there is little that can be done to counteract bad symptoms. My system is very sensitive, so I try to stay healthy as possible and stay out of crowds, etc. when the season is peaking.

    When I was a child I received the usual vaccinations and later developed a chronic problem with my immune system which did wear off when I got into my teens. I missed a lot of school as a result. Now knowing much more about the possible hazards, I have wondered if those shots didn’t trigger my ailment. Who knows?

  10. P.S. About fifteen years later I had a series of “new” shots for allergy and was sick for about six months. The doctor tried every test in the book to see what was causing the problem, but everything came up negative. When the shots wore off I immediately recovered. When I told him that it was those shots, he didn’t disagree. Here the shots were made from poison ivy extract, and in my case it triggered a bad immune response. So….you can see why I shun vaccines. I can no longer even take hydrocortisone injections for joint problems.

  11. Thanks SueK,

    Like cabby said, you have done your research. And we appreciate it.

  12. Thank you Sue K.. It is nice to read your analysis.
    Citizen wells, thank you for your consistent and reliable information. I am a daily reader but an infrequent poster. You are appreciated.

  13. hrmfc | September 22, 2013 at 7:54 pm |

    You’re welcome, hrmfc; any time at all :).

  14. September 22, 2013

    Colin Flaherty:

    “Black-mob violence destroys U.S. landmark”

    “Black-mob violence and black-on-white crime has not destroyed the entire American Tobacco Trail, only the small chunk that goes through Durham, N.C.

    The “high crime” part. The gang-infested part. The poor part. The urban part. The sketchy part. The part that local media calls every name imaginable except one: The black part.

    Otherwise, most of the 22.5 miles of this trail is a safe, sometimes bucolic experience for runners, bikers, strollers and even equestrians. As long as they stay away from the trail near Martin Luther King Jr. Parkway.

    Since 2011, dozens of people have been beaten, robbed, pushed off bikes and threatened in that part of the trail. All of the suspects in this violence and mayhem are black.

    Though most of the time the local media is loathe to say so. In the most recent assault, WRAL-TV described one of the assailants as having a “dark complexion.””

    http://www.wnd.com/2013/09/black-mob-violence-destroys-u-s-landmark/

  15. Egypt court bans all Muslim Brotherhood activities

    (Reuters) – An Egyptian court on Monday banned the Muslim Brotherhood from carrying out any activities in the country and ordered the seizure of the group’s funds, widening a campaign to debilitate the Islamist movement of deposed President Mohamed Mursi.

    “The court bans the activities of the Muslim Brotherhood organization and its non-governmental organization and all the activities that it participates in and any organization derived from it,” said the presiding judge Mohammed al-Sayed.

    The court ordered the government to seize the Brotherhood’s funds and administer its frozen assets.

    http://www.reuters.com/article/2013/09/23/us-egypt-brotherhood-urgent-idUSBRE98M0HL20130923

  16. Exclusive: Rand Paul wants Chief Justice Roberts, all federal workers, to enroll in Obamacare

    ……Arguing federal workers should not get special treatment, Rand Paul says he does not want taxpayers subsidizing the personal health-care plans of any federal employee — including Chief Justice John Roberts — anymore.

    …….Paul’s proposal — outlawing any special exemptions for government employees — would mean all federal workers would have to purchase health insurance on the new Obamacare exchanges instead of getting taxpayer-funded subsidies. Some critics say those subsidies amount to special treatment. The Obamacare health insurance exchange opens Oct 1.

    …..“My amendment says basically that everybody including Justice Roberts — who seems to be such a fan of Obamacare — gets it too,” Paul told TheDC by phone on Sunday from Mackinac Island in Michigan, where he won a straw poll of potential Republican candidates for president in 2016.

    “See, right now, Justice Roberts is still continuing to have federal employee health insurance subsidized by the taxpayer,” Paul said. “And if he likes Obamacare so much, I’m going to give him an amendment that gives Obamacare to Justice Roberts.”

    Roberts famously voted to uphold the constitutionality of Obama’s unpopular health-care law when it went before the Supreme Court last year.

    Read more: http://dailycaller.com/2013/09/23/exclusive-rand-paul-wants-chief-justice-roberts-all-federal-workers-to-enroll-in-obamacare/#ixzz2fjJIhCkB

    I think this healthcare debacle start date is going to be THE excuse for all kinds of Obama’s “final solution” mechanisms to go into action for his “fundamental changing” of America.

  17. Forbes: Obamacare Will Increase Health Spending By $7,450 For A Typical Family of Four

    http://www.forbes.com/sites/theapothecary/2013/09/23/its-official-obamacare-will-increase-health-spending-by-7450-for-a-typical-family-of-four/

    Not certain what a “typical” family is these days!

  18. I am certain they mean 2 gay parents & 2 adopted kids.

  19. Mark Stein might as well fill in for Rush for the rest of the week as far as I’m concerned, because he makes a much better case for defunding/repealing Obamacare than Rush ever did. Maybe because he experienced first hand socialized medicine.

    Obamacare will be, (already is) devastating to us, our families, our neighbors, our country.

    NO ONE WHO VOTED FOR THIS OR PROMOTED IT OR WORKED FOR SOME ONE WHO DID, SHOULD BE ALLOWED TO OPT OUT! Shall I say “Animal Farm”? All animals are equal, except the PIGS are more equal.

    For the most part, we are represented by pigs. I fully expect Obama, Reid, Pelosi, Boehner, Roberts and others to begin oinking and grunting.

    Can you tell I’m angry?

  20. …..just wish they’d start squeeling.

  21. Boys suspended for airsoft guns in (their own) yard

    …The children were suspended for possession, handling and use of a firearm. A toy gun that never went to the bus stop, the bus or school.
    http://www.nbcnews.com/id/53084779/ns/local_news-portsmouth_va/#.UkCS0T-DlyA

    How far will the madness and insanity go before parents stop it?

  22. Lois Lerner, IRS official at heart of tea party scandal, retires
    http://www.washingtontimes.com/news/2013/sep/23/lois-lerner-irs-official-tea-party-scandal-retires/

    I bet she takes a very extended vacation outside the US jurisdiction…otherwise getting the heck outta Dodge.

  23. Philo,

    All I can say is that we must outlaw pop-tarts as well. A little boy in Maryland was suspended because he chewed it into the shape of a gun. (No tolerance rule you know) and we must suppress little boys from being little boys, because they grow up to be men, don’t you know. And as we are learning from our culture, little boys and their bevavior is bad, and they should just become more feminine like our president……. and then we’ll all get along just fine.

    Please find me a bucket to puke in.

  24. SueQ I suppose had the boys gone hunting with their fathers and carried real guns…the school would be seeking the death penalty.

  25. Interested Bystander

    Hey All,

    Just a couple of comments, if I may……….

    SueQ,

    It’s coming to the point that if you simply “think” of something, it is against the law.

    After that, all you have to do is “believe” something.

    It’s called indoctrination.

    First they go after the “behaviour” and then they go after the brain.

  26. Interested Bystander

    Philo at 3:54,

    I’d suggest that they would need re-educated.

    Of course for some of us, re-education won’t work, then they kill you.

  27. Interested Bystander

    I’ve stated it before here, and I’ll state it again,

    Our education system sucks.

    It does more indoctrinating than it does teaching.

    The best way I can give is that when I went to school, we asked a question and we researched and investigated and LEARNED the answer.

    Today, the teacher tells the students the answer, then shows them how to manipulate the data to come to the answer.

    Global warming is the perfect example.

    If you simply look at the data, the ONLY conclusion you can come to is that it is simply a CYCLE, and that man made emissions have had NO effect on the weather cycles.

    But NOOOOOOOO, they manipulate the data, ommit things, and out and out LIE about the data to come to the conclusion that man is conspiring to raise the earths temps.

    I would love to hear the answer of the school board if they were approached with REAL facts about man made global warming.

    The person who asked the question would be dragged from the room in handcuffs.

    And they’d be labled a loon.

  28. Interested Bystander

    HonorFirst,

    She’s retiring so she can get the hell out of dodge.

    But the IRS thing hasn’t even been in the news that I’ve heard anyway.

    Neither has the NSA.

    Neither has Fast and Furious.

    Does it bother anyone that Obama’s ideology is such that he wants to arm the very people who want to harm us as a country, and at the same time is trying to take our guns away from us?

    That bothers me, but then again I’m not tempted with texting or facebooking or tweeting or anything like that.

  29. Interested Bystander

    I’m rather surprised that Obama hasn’t sent the Seals in to Kenya to rid them of the terrorists.

    I hear some of the terrorists are American citizens.

    Maybe a couple well placed drones would do the trick.

    Come on America, take the lead and do something!!!!!!!

    How can we ALLOW this to happen?

    This comment is obviously tounge in cheek

  30. Interested Bystander

    Government employees will never be on Obamacare.

    They’re too important.

    That Obamacare stuff is for the “people”.

    Elitists don’t count as people, so they don’t have to participate.

  31. Interested Bystander

    Can someone inform me if Oldsailor is doing ok?

    Haven’t seen him post in a while.

    He’s not done teaching me yet, and I’m ready for my next lesson.

    See ya next time………….

  32. Interested Bystander | September 23, 2013 at 4:31 pm |

    I’ve stated it before here, and I’ll state it again,

    Our education system sucks.
    +++++++++++++++++++++++
    Hi IB,

    I don’t know whether you have children or grandchildren or no relatives whatsoever in public school, but you are right! “Our education system sucks.” It is a system of indoctrination. Even some private schools teach the same old, same old (liberal doctrine)….. including Catholic schools.

    Not telling you what to do, but if you have an opportunity to support a home schooler, you will be promoting an independent thinker.

    God knows we need more of those.

  33. IB,

    I’ve had concerns also about oldsailor. Perhaps SueK knows what’s going on.

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