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Archive for August 3, 2012

Cold Hard Facts On Gun Bans: “The Cost Of Liberty Can Be Measured In the Loss of Life”

“Laws that forbid the carrying of arms…disarm only those who are neither inclined nor determined to commit crimes. Such laws make things worse for the assaulted and better for the assailants; they serve rather to encourage than prevent homicides, for an unarmed man may be attacked with greater confidence than an armed one.”

Thomas Jefferson

“While anti-gun advocates put forth every argument under the sun for why you should not be able to own a “high capacity” magazine that holds more than 10 rounds, or that you shouldn’t be able to buy ammunition online, or that police should stop going to work until guns have been completely banned, the evidence for disarmament of law abiding citizens as a failed policy is overwhelming.

In Chicago, where guns have essentially been banned for personal defense, the murder of innocents has risen so sharply in recent months that Mayor Rahm Emanual has been left with no other option but to call on criminals to look to their morals and values to stop the carnage. Washington D.C., which bans the carrying of concealed weapons, has maintained one of the highest gun crime murder rates in the country for over three decades – since the legislation was passed in 1975. As the Washington Post notes, the disarming of local residents has been wholly ineffective noting that the “guns kept coming, and bodies kept falling.””

Via SHTF Plan

Categories: Uncategorized

Former CIA Army General: Martial Law Expected And “Warranted”

“Lt. General William Boykin (retired) told TruNews Radio Tuesday that the U.S. economy of the United States “is just about the break” and collapse. And when the dam gives way, severe food shortages and pervasive violence throughout America will warrant, in his opinion, an executive declaration of martial law.

“I’ll be very honest with you; the situation in America could be such that martial law is actually warranted, and that situation in my view could occur if we had an economic collapse,” said Boykin, a former CIA Deputy Director of Special Activities.

“The dam is just about to break on our economy, and I think when it does, there’s going to be a major disruption of the distribution of food,” he added. “And I think what you’ll see particularly in the inner cities is you will see riots, civil unrest that ultimately might justify martial law.”

Though the U.S. is the world’s largest exporter of agriculture, in the case of a currency collapse, producers will withhold shipments to retailers and consumers unable to pay in a currency other than U.S. dollars. For a time, barter will take the place of currency for those living in rural areas, but for the majority of Americans living in cities and adjacent suburbs, food shortages can emerge within 24 hours”

Via Alt Market

BoA Drills Safe Deposit Box and removes heirlooms

Categories: Uncategorized

Only 24.6 Percent Of All Jobs In The United States Are Good Jobs per Center for Economic and Policy Research

“Do you want to know why it seems like good jobs are very rare in the United States today? It is because good jobs are very rare in the United States today. According to a paper that was just released by the Center for Economic and Policy Research, only 24.6 percent of all American jobs qualified as “good jobs” in 2010. Over the past several decades, there has been increasing pressure on corporations to reduce expenses and increase corporate profits. One of the biggest expenses that any corporation faces is labor. Large corporations all over the globe are in an endless race to gain a competitive advantage by pushing labor costs as low as possible. Sometimes this is done by using technology. Computers, automation, robotics and other forms of technology have eliminated millions of jobs in the United States and those jobs are never coming back. Millions of other jobs have been eliminated by offshoring. In our globalized economy, American workers have been merged into one giant labor pool with everyone else. That makes it very tempting for big corporations to move jobs from areas where workers are very expensive (such as the United States) to areas of the world where it is legal to pay slave labor wages. When big corporations do this, corporate profits go up, but the number of good jobs in the United States goes down. As a result, there is increased competition for the jobs that remain in the United States and this drives down wages. Meanwhile, the cost of living just keeps going up. So millions of American families have fallen into poverty in recent years, and millions of others have gone deep into debt in an attempt to survive. This dynamic is absolutely shredding the middle class in the United States.”

Via End of the American Dream

Categories: Economy

Spain And Italy Are Toast Unless Germany Allows The ECB To Print Trillions Of Euros

“The financial chess game in Europe is still being played out, but in the end it is going to boil down to one very fundamental decision. Is Germany going to allow the ECB to print up trillions of euros and use those euros to buy up the sovereign debt of troubled eurozone members such as Spain and Italy or not? Nothing short of this is going to solve the problems in Europe. You can forget the ESM and the EFSF. Anyone that thinks they are going to solve the problems in Europe is someone that would also take a water pistol to fight a raging wildfire. No, the only thing that is going to keep Spain and Italy from collapsing under the weight of a mountain of debt is a financial nuke. The ECB needs to have the power to print up trillions of euros and use that money to buy up massive amounts of sovereign debt in order to guarantee that Spain and Italy will be able to borrow lots more money at very low interest rates. In fact, this is probably what European Central Bank President Mario Draghi has in mind when he says that he is going to “do whatever it takes to preserve the euro”. However, there is one giant problem. The ECB is not going to be able to do this unless Germany allows them to. And after enduring the horror of hyperinflation under the Weimar Republic, Germany is not too keen on introducing trillions upon trillions of new euros into the European economy. If Germany allows the ECB to go down this path, Germany will end up experiencing tremendous inflation and the only benefit for Germany will be that the eurozone was kept together. That doesn’t sound like a very good deal for Germany.”

Via The Economic Collapse Blog

Headline Jobs +163,000, But Household Survey Shows -195,000 Jobs; Unemployment +.1 to 8.3%

“Here is an overview of today’s release.

US Payrolls +163,000 – Establishment Survey
US Employment -195,000 – Household Survey
US Unemployment Rate +.01 at 8.3% – Household Survey
The Civilian Labor Force fell by 150,000. Otherwise the unemployment rate would have risen more.
Average workweek for all employees on private nonfarm payrolls steady at 34.5 hours
The average workweek for production and nonsupervisory employees on private nonfarm payrolls steady at 33.7 hours.
Average hourly earnings for all employees in the private nonfarm workers sector rose by 2 cents.
The change in total nonfarm payroll employment for May was revised from +77,000 to +87,000, and the change for June was revised from +80,000 to +64,000.”

Via MISH’S Global Economic Trend Analysis

Categories: Unemployment

4.4 Million ‘Permanent Job Losers’ in July

“In a sign that the employment picture remains weak, 4.4 million people reported being permanently out of work in July, according to government figures. That number has remained abnormally high since the recession ended three years ago.

While the total number of unemployed persons increased by 45,000 in July to 12.8 million, that figure masks the true causes of unemployment, which can range from retirement to temporary layoffs to being fired.

This is because the government calculates unemployment by asking people if they have jobs and, if not, if they have looked for work in the past month. If they don’t have jobs but have looked for work, the government classifies them as unemployed – and only then does it ask why they are unemployed.”

Via CNS News

Categories: Uncategorized

The big bash: 86 percent of Romney coverage negative

“Media bias has gone from bad to ridiculous.

During Mitt Romney’s overseas visit earlier this week, 86 percent of the coverage on ABC, CBS and NBC “emphasized Romney’s perceived gaffes,” according to a content analysis of 21 major news stories by the Media Research Center, which also compared Mr. Romney’s trip to a similar excursion made by President Obama in 2008.

The results: The broadcast networks committed 53 minutes of almost entirely negative coverage to Mr. Romney, and 92 minutes of “gushing” to Mr. Obama.”

Via Washington Times

Gold Priced for Collapse?

” Where is the gold price today? If you’re like many Americans, you have no idea whether it went up, down, or sideways. Fortunately, I know my readers to be more informed – you likely know that after falling from almost $1900, gold has been trapped around $1600 since early May. But you may still be curious why despite continued money-printing and abysmal US economic reports, gold hasn’t been able to hit new highs.

Here’s the truth: gold is currently priced for collapse. Many investors believe the yellow metal has topped out and are selling into every rally.”

Via Lew Rockwell

Categories: Debt, Economy

ISM Services: About Where I Expected – Market Ticker

“If you remember from the Richmond services I said that the ISM Services would likely come in around 51, maybe 52. This is a bit higher than I expected, but not crazily so. Let’s look inside.

Services activity and new orders were up, which is interesting; production registered 57.2, a major increase from 51.7 last month. But — employment went into contraction at 49.3 from 52.3.

Do service providers smell something burning? It would appear so, from the employment number.

Let’s keep an eye on those Fed Surveys — we’ve got a clear recessionary indication out of them thus far, so this month the key will be to watch those indicators and see if there’s a potential for a false alarm or if they continue to confirm a weakening trend.”

Via Market Ticker

Categories: Economy, Unemployment
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