Palin Is No Hitler -- Re: Jim Kunstler: Sarah Palin's bus and motorcycle tour.

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Subject:	Palin Is No Hitler -- Re: Jim Kunstler: Sarah Palin's bus and motorcycle tour.
Date:	Tue, 31 May 2011 13:29:11 -0700
From:	Jas Jain

What is wrong in a girl having fun and making some money along the way?  Despite what similarities born-and-bred American dope James Howard Kunstler sees, Sarah Palin is no Adolph Hitler. I wouldn't worry about Sarah. She is simply a celebrity now and would not get elected the President of the United States. She is cashing out on her adoration by right wing nuts, including Limbaugh and other nuts of Fox News.
The biggest accomplices of born-and-bred American dopes are other born-and-bred American dopes! Sarah knows that there is lot of money in them dopes. Crooks have known it for a very long time.
Dopiness is entertainment!
Jas
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To: jas_jain
Subject: Jim Kunstler: Sarah Palin's bus and motorcycle tour.
Date: Tue, 31 May 2011 12:36:26 -0700

That the Anglo-American Power Elite would instruct the political party operatives to put such an idiot as Palin forward as a pResidential candidate is clear evidence of how stupid they think the American masses are.

http://www.youtube.com/watch?v=Raomk7DuXeY

http://www.youtube.com/watch?v=YYnwnjLwFBE&feature=relmfu

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Memorial Day: Enter Hitler, Release 2.0

By James Howard Kunstler 
May 30, 2011 8:58 AM

     As the sage Robert Crumb once remarked about our homeland: "You can't make this shit up." 

      Sarah Palin entered the race for president this week (without stating it in so many words) with a national bus tour, itself kicked off with a motorcycle parade through Washington.

By PHILIP ELLIOTT, Associated Press - Sun May 29, 5:57 pm ET

WASHINGTON - Sarah Palin rumbled through Washington on the back of a Harley as she and her family began an East Coast tour Sunday, renewing speculation that the former Alaska governor would join the still unsettled Republican presidential contest.

     Wearing a black leather jacket and surrounded by a throng of cheering fans, Palin and family members jumped on bikes and joined thousands of other motorcyclists on the Memorial Day weekend ride from the Pentagon to the Vietnam Veterans Memorial.... 

     "How do you wear all this leather and stay cool?" she asked one woman. Palin asked others to show off their tattoos as she took off her own leather jacket and worked her way through a crush of fans, photographers and reporters.

Adolf Hitler liked leather and crypto-military costumes, too, and the build-up to the Third Reich was all about colorful pageantry. Make no mistake yadda yadda....

Krugman on Greenspan – Bubble-debt Denialism

May 30 ECRI's Weekly Leading Index Falls to 4 Month Low

May 26 Sharp Rebound in Gold / Silver Price Ratio After a 30-year Low

May 2  New 4.60% Tax Deferred Rate for Low Risk I Bonds

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Subject:	Resent With Format Change -- Re: Krooksman on Greenscam – FWC: Bubble-debt Denialism
Date:	Tue, 31 May 2011 10:46:31 -0700
From:	Jas Jain

Re: Krooksman on Greenscam – FWC: Bubble-debt Denialism

"People would rather be duped than think for themselves."

Apart from thinking about sex and making and spending money overwhelming majority of Americans don't like to engage in the boring and hard work of thinking. Remember, born-and-bred American dopes are addicted to entertainment and they represent a gold mine for propagandists. That is why entertainer Limbaugh, a certifiable ignoramus, or a liar, on the subject of tax policies and what causes economic growth, and eCONmeister Krooksman have a large following.
Dopes don't have time to think for themselves and they let panderers an easy access to their heads. The #1 problem in America is born-and-bred and addicted to entertainment dopes. So, how come no one is talking about it? There is no money in it! And there is lot of money in deception, entertainment and pandering.
Doping is the best and the easiest way to make money in America! Fruits of the Money Culture.
Jas
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Date: Tue, 31 May 2011 10:11:43 -0700
Subject: Re: Krooksman on Greenscam – FWC: Bubble-debt Denialism
To: jas_jain
Jas,

The referenced article from Krugman is unbelievable.  For decades, mainstream eCONomists including Krugman all but ignored debt - big mistake.  But that won't stop Krugman et al from focusing on debt levels now and acting as if they understood what was going on all along.

In addition to being propagandists for financial looting, Krugman and the entire mainstream eCONomics profession are shameless revisionists.  But the mainstream media won't ever point this inCONvenient truth out.  Not a chance. Heck, the MSM keeps turning to the same eCONomic propagandists (Zandi, Krugman, Hatzius, Swonk, etc.) that missed the $8 trillion housing bubble.  

The amazing thing is that the public at large never learns!  People would rather be duped than think for themselves.  

__unknown author

Rosenberg: “Nobody understands the bond market”

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Subject:	Rosenberg: "Nobody understands the bond market"
Date:	Tue, 31 May 2011 09:09:52 -0700
From:	Jas Jain

Rosenberg: "Nobody understands the bond market"

David Rosenberg; May 31, 2011

"Nobody understands the bond market: It's probably time to revisit the reasons why bonds are rallying, and why the bull market is intact."

 

Nobody, Mr. Rosenberg? I have one of the best records in the world and I have actual results to prove it. Putting my money where my mouth is, 40% of my family's networth is in long-tern US Treasury bonds (STRIPS). Because of hedging, since November 2008, when bond prices were very high, we have been making new highs on almost daily basis for the past few weeks with a compounded return of 15% a year for the past 4 years.

There are people who do understand the fundamentals of the US economy and how, and for whose benefit, it is manipulated. There is no "Printing of Money" is going on. In this regard, Bernanke is telling the truth (all propagandists tell truths and lies in order to confuse the dopes and to pander to their prejudices).  America's inflation dopes are easily among those who do not understand how the economy and Fed policy really work. Every economics ignoramus I know, and I know quite a few, has been bearish on the US Treasury bonds. Problem with any ignoramus is that he, or she, doesn't know what he, or she, doesn't know.

Jas

Greece: Beware of Greeks Bearing Bonds

Kirk here:  My advice is beware of Greeks bearing bonds!

Sharp Rebound in Gold / Silver Price Ratio After a 30-year Low

-------- Original Message --------

Subject:	"How Is Greece Doing?"
Date:	Thu, 26 May 2011 14:20:09 -0700
From:	Jas Jain

"How Is Greece Doing?"

That was the question that Bloomberg posed to a guest. "ONLY 10% OF GREEK DOCTORS PAY INCOME TAXES, MEANING ONLY 10% OF THE DOCTORS MAKE ENOUGH MONEY TO QUALIFY TO PAY TAXES"! So, we know that at least 10% of the Greek doctors are stupid and 90% are cheats. Greeks must be history ignoramuses to opt for "popular" democracy. They didn't learn their lesson 2400 years ago (lot of smart Greeks have been emigrating for 2400 years!). If present-day Greeks are ignoramuses then Americans must be morons for opting for a full-fledged popular democracy (people on the dole get to vote!).

Greeks are being screwed by the bankers and so are born-and-bred American dopes. American dopes have the mindset to fix things, but how can anyone fix a problem without the correct diagnosis? Propaganda machine makes sure that a born-and-bred American dope has no clue as to the real causes of the problems (Republican morons think that tax cuts are the solution to all economic problems facing America) because the people who are responsible for most of the problems control the economy, the govt and the propaganda machine.

Problems in America, apart from income taxes, are as bad, or worse, than in Greece. However, Greece has one advantage: It can default tomorrow. Greece should have defaulted 2-3 years ago. Americans would be squeezed in a deflationary spiral without the benefit of the option of sovereign default until the Greater Depression is acknowledged by all.

"Democracy is the best system except for all the rest," my ass. The Greek disease would spread to all democracies. You show me a democrat with faith in the power of his, or her, vote and I will show you a dope. The #1 problem for America is born-and-bred American dopes, easily the biggest, or irremediable, dopes on the planet Earth. I know of no solution for this condition other than prolonged misery. Prolonged misery is coming to America and it would spread to all countries. America would be a very different country when it comes out of it. Many who are alive today wouldn't be around to witness this.

Jas

New 4.60% Tax Deferred Rate for Low Risk I Bonds

Bull market top indicators

-------- Original Message --------

Subject:	***Tops and Drops are the Hallmark of Any Scam Market--RE: Bull market top indicators.
Date:	Wed, 18 May 2011 07:22:30 -0700
From:	Jas Jain

To: jas_jain

Subject: Bull market top indicators.
Date: Wed, 18 May 2011 06:45:47 -0700

http://www.marketwatch.com/story/leading-indicators-of-stock-market-top-2011-05-18?siteid=rss&rss=1

 The bottom line, according to the Ned Davis Research study: "We may be entering the early stages of a market-topping process."

But there is evidence that the "early stages" of the cyclical topping process started as early as Jan.-May '10, as in '99 and '07.

 

Tops and Drops are the Hallmark of Any Scam Market

All the gains and profits in a Scam Market are sucked off by the Crooks (Corporate Crooks, a la John Chambers & Co., Wall Street Crooks, a la Goldchain Silverknife, and many middle-men who serve the Crooks, including Scam Market prognosticators selling various services). What remains for the long-term suckers are losses, or at best no gains. This process would continue until the suckers are totally sucked dry in the middle of the depression. Until then we would have many tops and many drops. It is fantastic for those who can play the volatility. As it turns out there are mathematically guaranteed methods to make lot of money if the Scam Market, as measured by S&P 500, trades between 600-1600, for example, over a long period, e.g., 1996-2015. (It could be proven as a theorem). More tops means more drops means more money to be made. Bigger the tops, bigger the drops, and bigger money that can be made. As a matter of fact, I posted a strategy named Six-Pack, on the Longwaves Forum, in July 1998 that would make in excess of 1000% if the Scam market ends in 2015, or sooner, where it began in 1996. The best period for the strategy was 06/04/07-03/09/09—10X gains in the put portfolio. There are also priods with losses.

Jas

Kirk Here: A caller this weekend noted that in Bob's last Marketimer he made a change in the Income Portfolio going to the Double Line Total Return Fund. The caller questioned the reason for that particular fund while noting it had a higher expense ratio. He also questioned the duration.

The new fund is the "DoubleLine Total Return Bond Fund" with a ticker DLTNX for investor shares and DBLTX for institutional shares with $100,000 or more to qualify for the lower expense ratio. We wrote a full report for this call with our warnings about the fund at 

• Bob Brinker - DoubleLine Total Return Bond Fund - DLTNX

News Gingrich Backs Alzheimer Research by Government

Kirk here.  Let me guess. Newt has a family history of Alzheimer's so he wants the government to spend to help his family but he is against all other forms of big government spending.  Either that or the same sort of nonsense that had President Bush hand billions of taxpayer dollars a year to the big drug companies.

-------- Original Message --------

Subject:	Political Gangster Gingrich Wants BIG Govt
Date:	Tue, 17 May 2011 06:55:45 -0700

Political Gangster Gingrich Wants BIG Govt

As reported on the local TV (also see the appended link), Newt Gingrich wants the US govt to fund research to find cure for the Alzheimer's' disease. He wants to fund it by selling bonds and not by raising taxes! Hey, moron, there are wealthy people with big funds committed to charity that can fund it all by themselves, but a dope like you doesn't believe in private initiative because only the govt could be relied to do important things for the society. A shameless gangster dope.

No wonder Americans voted for Obama and would vote for Obama in 2012 over Gingrich by a wide margin. It is fascinating to watch the two gangster parties. Of the two gangs, Republicans are more responsible for the financial mess than the Democrats. Ron Paul has no chance with born-and-bred American dopes.

Jas

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http://news.yahoo.com/s/ap/20110516/ap_on_el_ge/us_gingrich_research_3

 

Gingrich: Alzheimer's research would save money

 

WASHINGTON – Republican presidential contender Newt Gingrich on Monday said Alzheimer's disease is on pace to cost the government some $20 trillion over the next four decades and said boosting federal research money would be a wise investment.
Gingrich, the top Republican in the House during the 1990s, is mounting a presidential campaign on the premise he is a policy heavyweight who can lead a fractured GOP field. His speech to Alzheimer's advocates meeting in the capital largely eschewed politics but made clear his hopes to run as an idea man.
"I want to know, not what we can afford in the federal budget. I what to know what (researchers) can do if they have the resources they need to accelerate the breakthroughs to save lives and to save money," Gingrich said.
"We are grotesquely underfunded," the former House speaker said flatly of health research dollars.
Gingrich, a former Georgia lawmaker, proposed selling U.S. bonds to raise money for Alzheimer's research, which would take federal research dollars out of the political competition for a share of the federal budget.
Gingrich cited figures from an Alzheimer's Association study — conducted by a subsidiary of insurer United HealthCare — which projected the total cost to the U.S. economy of the disease at $20 trillion through 2050.
Another study projected that Medicare and Medicaid spending to care for those with Alzheimer's would reach $800 billion annually, adjusted for inflation, by mid-century. Current spending is $130 billion annually. In terms of costs, the study suggests actual spending of $1.1 trillion through 2050 with the balance of the $20 trillion cost involving lost wages and worker productivity.
The industry-funded study also suggested that a drug that could delay the onset of Alzheimer's by five years could cut government spending by half in 2050.
Gingrich pitched the spending — with a bottom line undefined — as a way to shave the budget. He said that scientific research should be above politics.

"Alzheimer's should be a totally nonpartisan issues because Alzheimer's doesn't' respect Republican or Democrat, it doesn't respect liberal or conservative," Gingrich said. "Alzheimer's affects everybody at every part of American life. Therefore, we should be able to come together as Americans to have a health conversation with no partisanship."

 

Jim Rogers Says May Short US Treasurys

US Treasury Rate Quotes

US Treasury Rates at a Glance

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Subject:	FWC: [Born-and-Bred American Dope] Jim Rogers Says May Short US Treasurys
Date:	Wed, 11 May 2011 08:03:00 -0700

Jim Rogers Says May Short US Treasurys

Hey, dope, you forgot when you lost lot of money in 2008 when you were short Treasuries and had to cover? And what have you been waiting for to short again? How many times have you been burned?

 

OK, what makes Jimmie a certifiable born-and-bred American dope? Last year the dope told people to buy sugar because the world is getting richer and, therefore, more and more people would eat sugar (this sort of logic is typical of a born-and-bred American dope). Hey, dope, India is lot poorer than America, Germany and Switzerland (those chocolate eating Swiss) and yet an average Indian eats more sugar per capita (and it shows in the form of poor health). Do rich in America eat more sugar than poor in America? The world has been getting richer for how long? The consumption of sugar has grown more or less exponentially since the Industrial Revolution in England and yet what happened to the price of sugar? The 52-week high, low and last for sugar futures is: 36.08, 13.00, 21.14. This sort of volatility is typical for commodities. You want a piece of advice? If you are long sugar get the hell out (Indian dopes might learn to eat less sugar). A history ignoramus like you, par for the course for a born-and-bred American dope, should stay away from the markets that you don't have a clue about. I know you partnered with financial gangster George Soros and made some dough, but no one knows how well you have done since.

The Bond Prince (with world-class record in US Treasuries),

Jas

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http://www.cnbc.com/id/42984734

 

Jim Rogers Says May Short US Treasurys

Published: Wednesday, 11 May 2011 | 3:55 AM ET

 

Jim Rogers, the veteran investor and commodity bull, plans to short U.S. Treasuries, maybe today if he "gets around to it" and wants to buy more silver, he told Reuters in an interview.

 

Rogers, who rose to prominence as co-founder of the former Quantum Fund with billionaire investor George Soros four decades ago, said he expects bond prices to fall and the U.S. dollar to rally when the Federal Reserve halts its government bond buying program at the end of June.

 

"I'm not short bonds yet but I plan to short bonds -- maybe this afternoon if I get around to it," Rogers told Reuters Insider television on Tuesday.

 

The Fed in November launched a second round of purchases of long-term securities, which investors and traders refer to as QE II, pumping $600 billion into the financial system.

 

Rogers added a cautionary note on bonds, however.

 

"The problem is that polls show 95 percent of investors are bearish on bonds. One reason that I'm not short on bonds yet is that there are too many bears," he said.

 

The long-time commodities investor said he was unruffled by last week's commodities rout that knocked 13 percent off oil prices.

 

Silver [XAG=  37.33    -1.12  (-2.91%)   ] also fell 25 percent in its biggest correction since prices collapsed in 1980, hit by a succession of margin increases that nearly doubled trading costs.

 

Silver had risen 27 percent in April. Now he sees a buying opportunity.

 

"It's not the end of the silver market," he said.

 

"I want to buy more silver." The price of increasingly scarce commodities like oil and precious metals will be rising for a number of years, Rogers said, regardless of impressive market corrections.

 

"We are in a bull market that has several years to go. I don't know when it is going to end," Rogers said.

 

"We have virtually no new supply of anything. The world's known reserves of oil continue to decline." He described the commodity crash as "nothing unusual".

 

"Corrections happen all the time in markets," he said.

 

Despite his insistence that he's the worst market timer out there, before last week's plunge Rogers had expressed concern a sudden rise in silver prices could lead to a correction. But now that silver has fallen back, he is optimistic.

US Treasury Rates at a Glance

Per Capita Spending Seniors vs Children

-------- Original Message --------

Subject:	Robbing the Cradle to Dig the Graves
Date:	Mon, 9 May 2011 10:32:13 -0700
From:	Jas Jain

Robbing the Cradle to Dig the Graves

Please see the attached graph. This is just one example of how Americans are "investing" in the past (emotionally attached to the past) and not in the future that anyone can see is not bright. I am against all forms of govt welfare, but the welfare for the dying is the worst waste of money and resources that there is......

Jas

The Blame Game Would Only Get Worse--The Unwisdom of Elites by Paul Krugman

Kirk Here:  Jas, don't forget that "Krooksman" completely ignores how "his side" of the political spectrum encouraged blowing up the housing bubble as it meant all the poor could buy homes they could not afford. They got political credit plus higher property taxes.  They used those higher taxes to reward left leaning voters (mostly public employee unions - police, fire, welfare, prison guards and teachers) with higher salaries then they could get in a free market with FAR better benefits than the public paying taxes get at a time most who work for themselves or big business were seeing falling income, especially when you add in higher medical insurance costs that the public unions didn't have to pay for.

BTW, couldn't the Democrats in the Senate filibuster to block Bush's FREE DRUGS FOR SENIORS program?  At the time, I thought they were all for it as it was a liberal type spending program and the only opposition was from Libertarians such as myself who wondered who would pay for it.

-------- Original Message --------

Subject:	See If This Works -- RE: The Blame Game Would Only Get Worse--The Unwisdom of Elites by Paul Krugman
Date:	Mon, 9 May 2011 09:39:05 -0700
From:	Jas Jain

The Blame Game Would Only Get Worse--The Unwisdom of Elites by Paul Krugman

It is fascinating to watch the blame game among a group of people where almost everyone is at fault. America at the present time happens to be such a place. The list of persons and groups that are responsible for the recent economic troubles and far greater future troubles includes pretty much every born-and-bred American of voting age and older. Herr Professor Paul Krugman, as the current gang leader of the neo-Keynesian school of economics, must be placed at the top 100 troublemakers in America because he is serving the interests of banking and finance Crooks by advocating more consumption debt via large deficit spending. Being a propagandist he claims that the general public is not to blame. In a democracy the voters are not to blame for the bad polices of the elected officials, especially, when they keep voting for the same people or the same organized political gang time after time? Reagan-GWB-Limbaugh tax cuts dopes are not responsible, especially since the troubles began under GWB and the root causes go back to Reagan-Greenspan policies? Who appointed Greenspan and Bernanke? Anyone who honestly proposes meaningful cuts in welfare benefits, especially for sickness-care, and increase in taxes would lose the election. The solution would not come until after things breakdown. When would the next cyclical recession (a weak recovery after a sharp downturn is only a recovery for economists and not a real recovery for the people) begin within a secular depression?

There is a good reason why born-and-bred Americans are the biggest dopes on the planet today. And there is lot of blame to go around in a society of born-and-bred dopes. Krooksman is simply doing what all born-and-bred American dopes do these days--blame others.

Jas

 

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http://economistsview.typepad.com/economistsview/2011/05/paul-krugman-the-unwisdom-of-elites.html#comments

 

Monday, May 09, 2011

Paul Krugman: The Unwisdom of Elites

The "self-appointed wise men, officials, and pundits in good standing" are trying to shift the blame for the troubles we are having;

The Unwisdom of Elites, by Paul Krugman, Commentary, NYTimes: The past three years have been a disaster for most Western economies. ... How did it all go so wrong?

Well, what I've been hearing with growing frequency from members of the policy elite — self-appointed wise men, officials, and pundits in good standing — is the claim that it's mostly the public's fault. The idea is that we got into this mess because voters wanted something for nothing, and weak-minded politicians catered to the electorate's foolishness.

So this seems like a good time to point out that this blame-the-public view isn't just self-serving, it's dead wrong.

The fact is that what we're experiencing right now is a top-down disaster. The policies that got us into this mess weren't responses to public demand. They were, with few exceptions, policies championed by small groups of influential people — in many cases, the same people now lecturing the rest of us on the need to get serious. ...

Let me focus mainly on what happened in the United States... These days Americans get constant lectures about the need to reduce the budget deficit. ... What happened to the budget surplus the federal government had in 2000?

The answer is, three main things. First,...President George W. Bush cut taxes in the service of his party's ideology... — and the bulk of the cuts went to a small, affluent minority.

Similarly, Mr. Bush chose to invade Iraq because that was something he and his advisers wanted to do,... it took a highly deceptive sales campaign to get Americans to support the invasion...

Finally, the Great Recession was brought on by a runaway financial sector, empowered by reckless deregulation. And who was responsible for that deregulation? Powerful people in Washington with close ties to the financial industry...

So it was the bad judgment of the elite, not the greediness of the common man, that caused America's deficit. And much the same is true of the European crisis. ...

Why should we be concerned about the effort to shift the blame for bad policies onto the general public?

…
 

Bankers’ Control of the Economies and Government

-------- Original Message --------

Subject:	Bankers' Control of the Economies and Govts Is A Horrendous Problem or Democracies
Date:	Fri, 6 May 2011 10:23:10 -0700
From:	Jas Jain

Bankers' Control of the Economies and Govts Is A Horrendous Problem or Democracies

Most Americans, and democratic public worldwide, still don't understand what went wrong with the US economy—A proven group of economic gangsters, using deception, fraud and manipulation, had taken control of propaganda (economists!), economic policy, financial markets and regulation by taking control of the govt at the federal level and legalizing what should have been illegal, or impermissible. These organized gangsters placed Bernanke at the Fed in 2002 because they were creating the conditions that necessarily lead to depressions and made trillions of dollars as a result and Bernanke's job was to provide justification for bailing them out. What has been good for these gangsters was very bad for the people and the future of the US economy. The problem has not only not gone away, it is worse today. Bankers' mischief would ruin many democracies and Greece is in their crosshairs right now.

 

Greece has been suffering at the hands of bankers that have forced Greece to pay a very high cost to save the bankers. Greece should have defaulted 2-3 years ago and gotten out of the EU, but politicians were not serving the Greek people, but rather serving the German and other bankers. It is only a matter of time before moneyed Crooks take control of a democratic govt (it is inherent in the system).  It is coming to a democratic country near you if it is not already there. Disintegration of democratic countries and discrediting of democracies is the major event to take place over the next two decades.

 

In America, where the bankers' control is most thorough, the most likely outcome would be the election of American Hitler once the depression could no longer be pushed into the future at ever-increasing cost. Eight years of Bernanke and Obama would go a long way in pushing the American public in that direction (voting for the American Hitler). And who do you suppose pushed Germans to make Adolph Hitler the Fuehrer? Bankers and financiers of the UK and the US had a lot to do with it, especially, during the WW I. Trust me, they are not "doing God's work." They are serving Mammon, one of the seven princes of Hell, corresponding to the Seven Deadly Sins.

Warnings don't mean much to arrogant and stupid people and they keep marching on their chosen path.

Jas

CSCO - John Chambers of Cisco

CSCO Charts and Stock Quote

-------- Original Message --------

Subject:	Not All Silly.con Valley Crooks Are Created Equal
Date:	Thu, 5 May 2011 16:22:49 -0700
From:	Jas Jain

Not All Silly.con Valley Crooks Are Created Equal

John Chambers and Steve Jobs are both Crooks relying on Scam Options (so are Brin, Ellison, Page, Zuckerberg, etc.). However, Jobs is a productive (or creative) Crook while Chambers is a pure parasitic Crook (financial manipulator via accounting shenanigans of acquisitions), no different than Crooks at Goldchain Silverknife. He produces nothing and relies wholly on sucking financial blood of the sharecroppers. The sharecroppers would be sucked dry over the next few years when the Scam dives down below my target of $5. By then more than $200B would have been sucked by just one American SCAM. Chambers would win the American Crook of All-time award hands down. Poor Madoff!

Jas

 

America’s Middle Class Shrinking Facts

CPI Table 2000 to March 2010

New 4.60% Tax Deferred Rate for Low Risk I Bonds

-------- Original Message --------

Subject:	FWC: America's Middle Class Crisis: The Sobering Facts
Date:	Thu, 5 May 2011 08:49:11 -0700
From:	Jas Jain

America's Middle Class Crisis: The Sobering Facts

"The middle class is shrinking, which threatens the social composition and stability of the world's biggest economy."

Didn't some crank predict shrinking of the American middle-class long before the Crisis of 2007-08? Why was it so easy to forecast? When proven financial bloodsuckers and their agents are allowed to take control of the economic policy, financial markets, oversight and regulation what outcome should one expect? The Scam Market of late 1990s was the best predictor of what was to come. How is the trend to be reversed when the same people, e.g., Bernanke, are in-charge and have more power than ever before? Things would progressively keep getting worse until the Crooks and their agents are successfully overthrown.

Jas

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http://finance.yahoo.com/blogs/daily-ticker/america-middle-class-crisis-sobering-facts-141947274.html

 

America's Middle Class Crisis: The Sobering Facts

By Peter Gorenstein | Daily Ticker – Wed, May 4, 2011 10:19 AM EDT

Two recessions, a couple of market crashes, and stubbornly high unemployment are all wreaking havoc on America's middle class.

In the accompanying interview, The Daily Ticker's Aaron Task discusses the state of the middle class with Sherle Schwenninger, director of economic growth and American strategy programs at the New America Foundation. Schwenninger's recent report "The American Middle Class Under Stress" has some stunning facts that highlight the struggles the average American is having getting a decent-paying job and keeping up with rising cost of living.

Here are just some of the sobering facts:

-- There are 8.5 million people receiving unemployment insurance and over 40 million receiving food stamps.

-- At the current pace of job creation, the economy won't return to full employment until 2018.

-- Middle-income jobs are disappearing from the economy. The share of middle-income jobs in the United States has fallen from 52% in 1980 to 42% in 2010.

-- Middle-income jobs have been replaced by low-income jobs, which now make up 41% of total employment.

-- 17 million Americans with college degrees are doing jobs that require less than the skill levels associated with a bachelor's degree.

-- Over the past year, nominal wages grew only 1.7% while all consumer prices, including food and energy, increased by 2.7%.

-- Wages and salaries have fallen from 60% of personal income in 1980 to 51% in 2010. Government transfers have risen from 11.7% of personal income in 1980 to 18.4% in 2010, a post-war high.

The bottom line is simple says Schwenninger: The middle class is shrinking, which threatens the social composition and stability of the world's biggest economy. "I worry that we're becoming a barbell society - a lot of money wealth and power at the top, increasing hollowness at the center, which I think provides the stability and the heart and soul of the society... and then too many people in fear of falling down."

--   

For more information about Series I Bonds and Rates see:

• Series I Bonds Explained
• New 4.60% Tax Deferred Rate for Low Risk I Bonds
• New Earning Rates for Older I-Bonds
• CPI Table 2000 to March 2010