8.3% ?
Friday, February 3, 2012 – 09:00 a.m.
Hooray! The U.S. unemployment rate fell to 8.3% in January, with the economy adding 243,000 jobs.
But it took a lot of gaming of the numbers to get there.
For each of the past several months the Bureau of Labor Statistics has been shrinking the active workforce.
In essence the real unemployment rate hasn’t really improved.
The labor force participation rate fell to a 30-year low of 63.7%.
The January rate is a nice campaign sound bite for President Barack Obama, but nothing more.
Filed under: Barack Obama, Business, Economy, Finance, In the News, U.S. Department of Labor, U.S. Government
That’s the tooth under the pillow number.
All government jobs, right?
Over ten years ago, a writer posted a work called “The Architecture of Modern Political Power” it was a short book, about 60 pages and the links associated with it were about 7,000 pages. ( I printed most of it out and spent at least a few months studying it.) You can probably still find it on the Net if you look. You probably want to know why this is important. Here’s why.
The author describes 6 major power structures in national and global politics like The military, intelligence networks, global banking, industrial groups, the media, the courts, political machines, organized crime and a few others. He placed global banking and the top tier of the intelligence communities in the top tier of power. On tier 6 (on the bottom) he placed unions and organized crime and on tier 5 he placed the political classes and the courts.
I am attempting to make a point with this little lesson in reality. There are a lot of institutions that simply do not answer to the courts because they are more powerful. Congress may write the laws but the banksters have enough power to ignore those laws with impunity through a variety of methods. “Citizens United” was one of those methods, industry friendly legislation, puppet politicians, friendly judges and straight out economic blackmail are a few of the others.
Politicians, lawyers and banksters have one thing in common. The only thing they understand more than money is a legitimate death threat. These banksters will not act responsibly until they are convinced that the public is mad enough to kill them. -JL