Let me huff a bit on the whiteboard marker before we rock the morning for you… This being the 21st Anniversary of the Enron Collapse.
So, here’s the “real deal” on jobs.
Pop Size Matters
U.S. population at the end of 2019 was around 328,239,523. (*George scrawls this on the board.)
At the end of this year, we’re looking at? 332,403,650. (Another scrawl appears on the board.)
“And these figures,” Ure continues, “May or may not include the transient population explosion because of the Biden clown posse arming everyone in Ukraine — so they can have a border — while disarming everyone in America so we will have Open Borders. Clearly globalist stooges.”
Then, he writes on the whiteboard: 1.268% More Residents.
Then he passes around a flyer. It reads:
“We cannot trust these non-farm numbers for several reasons. The most recent two months is always “(P)reliminary” and second because of the source – a government agency WHICH “estimates” (makes-up) jobs in an incomprehensibly complex way.”
Even so, if we take that February 2020 number and multiply it times our population growth number, we see an employment (per capita) “breakeven” with 2020 would today be 154437 employed prior to today’s report.
“Now, both political parties are lying to the American public about how the U.S. has done in the Post Covid world,” Ure rambled.
“We have NOT YET come close to a jobs level of early 2020 when the change in population base is factored in. Having pointed out the statistically obvious (we’re being lied to, on an apples to apples basis, we will now see how the job picture looks through lie-tinted glasses today, shall we? We are almost a million workers short of per capita jobs pre-Covid…”
Opening the Envelope
(Is the tension almost palpable?)
“”Total nonfarm payroll employment increased by 263,000 in November, and the unemployment rate was unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today.
Notable job gains occurred in leisure and hospitality, health care, and government. Employment declined in retail trade and in transportation and warehousing.”
Of this, more than a few jobs were simply estimated into existence by the Current Employment Statistics (CES) birth-dead model.
Which represents the hard to document comings and goings of business. New ideas, business formations, that sort of thing, versus offshored to Asia, bankruptcy, and so forth…
This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The
establishment survey measures nonfarm employment, hours, and earnings by industry.
The stock market reaction is driven by the Big Players who are in on the fix in sold-out corporate media which should be screaming their heads off about the lies behind the curtain. The impacts of open borders, drug gangs, runway Big Pharma, and worker-beaters in China.
Yeah, maybe we’ll just chew some (legal) delta-8 and move on to the days other news… Dow futures now down 380.
Son of Bank Runs
In our work, the markets are replaying similar conditions (Super Bubble) as the nation experienced in the Great Depression. (Be patient, soon comes…)
You will remember all the headlines in the former Depression about Bank Runs and such. Good Wikipedia read here.
How do we avoid fund “Runs” in the modern world? Proactive management seems to be the answer. Demonstrated in not only the limitation efforts of some crypto firms, as now we come to this: Blackstone To Limit Withdrawals From $125 Billion Real Estate Fund (forbes.com).
As a “synthesizing generalizer” my thinking goes something like this: If in one asset class, we see limits (crypto) and in another (real estate), as well, what is the takeaway?
Simply that new asset classes seem likely to join the “limited liquidity” trap in coming months.
And since these are in “boutique” investments, the widespread panic of bank lines will likely be pushed a way out, instead of arising simultaneously with the onset of Depression.
Every collapse has its own flavor of liquidity limits. So, it may not matter since the role of Depression is to destroy savings and limits enable story tellers to say, “You’ll get your money later.”
Which was what lines at banks heard in the Depression. Lies for prime time, anyone?
Not So Prime Time?
We’ve been really gentle on CNN of late. Not in our gene pool to kick people when they’re going down.
Still, just desserts. Advocacy Journalism has been a cloaking device for Media Marxists. Reporter comments about the Communist News Network, the Clinton News Network, and more, were not entirely undeserved. Their recipe seems to include entertaining lemons abut not enough news and useable analysis. Does America need a Gaslight Network? Now being dialed back in a Jumpin Jack Flash. (“It’s a gas, gas, gas…”)
Crusin for a Newsin
So, let’s start with free speech versus offensive speech as a ponder: Elon Musk finally suspends Kanye West from Twitter over swastika post.
Then we have the Gruesome who is riling people up by working toward a (racially divisive) White Tax: California reparations committee will recommend handing out $223,200 to descendants of slaves. The story goes on to say “Nearly 6.5% of California residents – 2.5M – identify as Black or African American.” Do the math. This sure looks like reverse discrimination, to us. Being white doesn’t get capitalized (Black does) anymore. Can reverse racism be any more evident? EQUALITY is the goal, and we believe what’s payday for one group should be green for all others. [The Ure family has never owned slaves, so we won’t be held to account for the misdeeds of others. Slavery has been illegal in America for how long? Looks to us like a monetization designed to reignite racial friction in America. Way to go, Gruesome! Party line!] (Maybe he should click over to What is Modern Day Slavery? – voices4freedom and work on actual present-day slavery issues instead of remonetizing the past to pander to voting persuasion blocks?)
In other Wild West Politics: EXCLUSIVE: Katie Hobbs’ Office Threatened County Board With Arrest, Indictment If They Didn’t Certify Results. Maybe there’s something in the water, out West?
Wait! What Water out West? Drought-hit California cities to get little water from state. In Grand Nanny State fashion, California solves all the wrong problems again. Meanwhile Border crossings are already near record highs, and the end of a Covid ban this month could bring still more. Which has really helped growth here in Texas. Now, if we just had a border…
Environmental inconsistencies: California is on schedule to wipe two more model years of diesel big rigs from ports at the end of the year. So, with water shortages and brownouts, pardon this but our calculators puke on more EVs in Golden State transpo plans. Still, the hype is never-ending: Tesla Semi unveiled with tri-motor setup, megawatt charging tech. No explanation of where the megawatts will come from. Because more EVs means gigawatts not megas.
Oh, on that: Biden’s border crisis endangers skies as air marshals sent south. Tell me you ain’t surprised?
The Slow Joe files: He’s living up to the “War Party” moniker: Kremlin Rejects Biden Terms for Ukraine Talks. Unlike the unelected Russia Regime Change Artists in the U.S. State Department, at least Russia is trying the PR move.
Meanwhile, Putin is claimed to be “falling down” on the job, in a manner of speaking: Vladimir Putin ‘fell down stairs at his home and soiled himself’. What regime changers forget is hardliners are three or four deep to take Putin’s job and they will use nukes…
Braced for Big Attacks now? Might follow next week on the heels of hardliner Joe: Russia Assembles Long-Range Bomber Fleet: Is Moscow Prepping A Massive Blow To Ukraine? (ibtimes.com). Loading missiles is not a good sign, and this seems separate from the old cruise missile inventory being used as air defense distractions presently.
All of which leaves the U.S. in position to fight a THIRD major war in Europe: Europe ‘Not Strong Enough’ to Take on Russia, Needs U.S. Help—Finland (newsweek.com). If you liked WW i and WW II, WW III should be marvelous. (IV if we count the Cold War as III.)
Profiteers killing Golden (NFT) Goose? Coinbase Drops iOS NFTs As Apple Extends 30% Cut to Gas Fees. 30 percent isn’t much, if you’re The Mob.
Planet Kill evidence coming clear: Velikovsky was right? Colossal ‘planet killer’ asteroid sparked mega-tsunami on Mars, and now we know where it landed. So why be in such a hurry to return?
ATR: Miles of Files
The A.P. overnight teardown of the news wires (late 1960s by Ure’s truly) was always a fine time to get snippets of history in the “Today in History” list. Crossed on the overnight wire runs and ran about a dozen topics deep.
In keeping with the spirit of that, this is the anniversary of Napoleon becoming emperor of France. 1804.
This is the birth date of the Monroe Doctrine, too.
On this day in 1942, sustained nuclear chain reaction was demonstrated which cleared the path for the Cold War and “duck and cover” 10 years after.
On this day in 1954, the U.S. Senate voted to condemn Senator Joseph McCarthy. And the country has been damning conservative voices ever since. This has been facilitated by software taking over most of accounting. Who needs to understand money, nowadays?
And this is the birthdate (1970) of the Environmental Protection Agency. Which has solved a few things, but which has hitched up to climate change and God knows where that mess will lead.
More on Peoplenomics tomorrow and back here for ShopTalk Sunday.
Let’s all go watch Wave III (3) (iii) now, shall we?
Have a dandy weekend and write when you get rich,