QUESTION #1: Marty, Greenspan reads you without a doubt. You warned back in 2012 that we have to be concerned about the USA moving into stagflation with deflation in Europe and Japan. He said the same on Bloomberg. He also said the crisis is the aging population, lower birthrate, and that will result in higher costs without economic expansion. That is everything you said two years ago.
QUESTION #2: Marty,
Deflation is gripping Europe but Greenspan warns of inflation in the USA.
Is he right? What are your thoughts?
ANSWER: Inflation, like deflation, is multifaceted. There is no single dimension for it is not black and white. Most of the debate concerning inflation is fixated upon this basic expectation assuming that increasing money supply must be inflationary. That is just flat outright WRONG! There are times we have Currency Inflation since everything has a true international value. If a currency declines, assets will generally rise in proportion to the decline as long as there is no political risk as to the collapse of government or military invasion.
It is astonishing to me how people who claim they are analysts, economists, or political scientists, were all seriously wrong about BREXIT. Not that it won at the polls, but the aftermath. Goldman Sachs, Morgan Stanley and Credit Suisse are just the top three banks who were all WRONG on their forecasts predicting of a post-referendum recession as trade deficit narrows. None of them understand capital flows. They have never spent a dime to even do historical research. They are only interested is a quick buck and nothing more. To them, the economy is control by the state so bribe them to get what you want to see is generally their motto.
Note that the day of BREXIT, yes the currency collapsed because of their forecasts. But the stock market rose that day. It did not collapse. This is CURRENCY INFLATION and these people are clueless when it comes to understanding real international capital flows. I have told the story before that I bought a 328 Ferrari in London for about £30,000 when the pound fell to $1.03. The same car in dollars was selling for about $50,000. The pound had been over $2 when Ferrari priced what they would sell that car for to Brits. Since the pound fell so hard, the Italians raised the price to £45,000. Then the pound rallied back to almost $2. I drove the car in London for about two years and then sold it used for about $50,000. This created the false assumption that a Ferrari was a great investment and people began buying and storing them. It was just the currency — not the car. The same thing took place with property in London. Americans rushed in buying everything.
I also ran to British Airways and asked how many open tickets they would sell me for the Concorde. They looked at me like some sort of dodgy person and could figure out why I would do such a thing. They came back and said 25. I said great. A round trip was £2,000. Back when the Concorde began, it was about a $5,000 ticket when a first class ticket was about $3,000. So the Concorde was overpriced and mostly empty. With the drop in the pound to par, it was now cheaper than a first class ticket. I bought as many as they would sell me. I got on the Concorde and suddenly it was full with Americans all saying what a deal.
CURRENCY INFLATION is not created by normal supply and demand conditions they teach you in school. Perhaps if you were not an international traveler as I have been, you would never experience it. I use to have an American Express card from every office we had around the world. I would pay in the currency of my choice depending upon the market. Today, American Express will only issue you a credit card where you are domiciled.
ASSET INFLATION is different again. This unfolds much like negative interest rates and it is the same mechanism that is creating it. This is when money fears government, banks, or whatever, and it seeks to get off the grid. It will run into property, stocks, gold, art, collectibles, or antique cars. People are buying bonds at negative yields because they are parking money. In Europe, they have been rushing into Germany assuming if the euro breaks, they will get Deutsche marks. However, what is Deutsche Bank fails and the government has to blink and back-off of this insanity of bail-ins? They will suddenly find their conservative bet on Germany will turn into a blood-bath.
The traditional view of inflation is DEMAND INFLATION where a shortage in supply will result in hire prices. But this assumes demand will not change. The whole theory of creating a monopoly is confined solely to this aspect. A Monopoly is actually impossible for if the assumption is prices can just be raised and people will have not choice.
Yes in “Debt is Destroying Everything. Where is Common Sense When We Need it the Most?” published August 19th, 2012 I wrote:
So we have to be concerned about STAGFLATION, rising costs with collapsing economic growth. We are living so far beyond our income that we are completely unconnected to any productive capacity. The debt can no longer be paid off. It is beyond several generations. Charles Dickens wrote in Little Dorrit that “[Credit is a system whereby] a person who can’t pay, gets another person who can’t pay, to guarantee that he can pay.”
Even the demographics are changing. As the older generation exceeds the working population, the Ponzi Scheme government established to pretend they would be there to take care of everyone are collapsing. This is why Obamacare is also collapsing. The youth are not joining the crowd. As the greater proportion of society is no longer productive, GDP declines while costs rise. This is the core of STAGFLATION. So we are not looking at inflation as we know in pre-1981.
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Greenspan Sees Inflation or Stagflation? There is a Difference! - Thu 22 Sep 2016, 1:34 pm
Being Prudent & Preparing for Possible Civil War / Martial Law / Civil Unrest – A Christian View - Wed 21 Sep 2016, 6:45 pm
Being Prudent & Preparing for Possible Civil War / Martial Law / Civil Unrest – A Christian View
By Ray Gano -
July 12, 2016
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By Ray Gano
In light of all that has taken place the last few days, I feel that it is prudent that we look at what is taking place and the possible outcome that could take place.
I know that what I am presenting is something scary as well as something that we do not want to think about.
The issue is that we have an administration that is pushing a massive race war. Lines in the sand are starting to be drawn and police and law enforcement are gearing up.
Back in May I was writing about how Russia has introduced the SATAN II missile. This is the most powerful missile now in the world and can pretty much hit any target in the world. Its range has been extended to over 10,000 miles in its attack range.
If you would like to read this article, you can read it here.
Interesting thing is that while I was looking at what Russia was doing, the US and the UN were keeping things very quiet and what came out of it?
Read this, dated May 11, the day prior to Russia’s big press missile announcement.
U.S. approves UN use of force to protect civilians in conflict
UNITED NATIONS — The United States has announced its support for a set of principles that give a green light for U.N. peacekeeping troops and police to use force to protect civilians in armed conflicts.
U.S. Ambassador Samantha Power told a high-level U.N. meeting Wednesday focusing on the responsibility to protect civilians that the United States was “proud” and “humbled” to join 28 other countries that have pledged to abide by the 18 pledges.
U.N. peacekeepers from these 29 countries are now required to act in cases where civilians are in danger.
“The Kigali Principles are designed to make sure that civilians are not abandoned by the international community again,” she said, recalling how U.N. peacekeepers left Rwanda before the 1994 genocide and Srebrenica before the 1995 massacre.
Source – http://www.militarytimes.com/story/military/2016/05/11/us-approves-un-use-force-protect-civilians-conflict/84253768/
As you can see, this was reported by Military Times, a viable news source.
Only a few blogs and Fox News also reported it, but buried somewhere in their news.
Folks, this is serious.
This past weekend with the horrible attack on the Dallas Police, our illustrious leader used that to horrible situation to push his agenda “TO FEDERALIZE” state and local police forces.
Back in March 2015 Obama got one of his “yes men” panels together and “studied” what they need to do about the “police problem” our nation was having. Of course the panel’s findings was that the only way that all the police can be policed is by putting them under the hand of the federal government. Who can trust local police chiefs to do the right thing… at least according to the yes men panel Obama put together.
In May 2015, the panel published their findings in a report, titled “President’s Task Force on 21st Century Policing Report.”
The report urges the federal government to federalize police training and practices, via the use of federal lawsuits, grants and threats to cut federal aid. So far, Obama’s deputies have strong armed and sued more than 30 police jurisdictions to adopt federal rules in a slow-motion creation of a national police system, similar to the slow-motion creation of a federal-run health-sector via Obamacare.
So when I came across this really small short article from Military Times yesterday, I was like “where did this come from and why didn’t anyone report on this?”
It is like this action was totally swept under the carpet and hidden from public view as much as possible.
What Would Cause Martial Law…A Nuke?There are many people out there promoting a martial law situation. The last time our nation came under martial law was on 9/11 and it lasted a short number of hours.
For our nation to be able to put under national martial law, something drastic and I mean majorly drastic would have to take place.
As many people like to point to the riots and such, that is not enough to call martial law nation wide. This falls under mayors and governors, at least the way the law reads today.
The one thing that could create an need for martial law in the US would be the detonation of a nuclear device in some city. If it was detonated in a large metropolitan area like Chicago, New York, Dallas or such, then the call for national martial law would very easily accepted but the nation’s people.
Even if it was detonated in a smaller area, the call for martial law could take place.
What Would Cause Martial Law… Civil War?This is one that I can also see, and the current riots could escalate into something like this taking place.
With home grown terror groups like BLM and The New Black Panther Party promoting armed conflict, we can literally see a race war take place.
Another thing that could cause this to come to fruition putting in Hillary Clinton when the people’s vote was clearly for Trump. So if the electoral college over rode the vote of the people and put in Hillary when Trump should have won, I could see an armed uprising for that.
Finally, I could see Obama override the 22nd Amendment, with the help of congress and senate, so that he could stay in power. This could also cause an armed uprising and thus instill martial law.
Thing is that many police and military stand with the constitution and the American people.
But a National Police force or the use of UN Soldiers, not a good thing and I believe that we would see a blood bath no matter what.
This is why this US / UN action of allowing UN Peacekeepers on US soil is a very bad thing and I am amazed that not many people have reported on this.
Because The Bible Tells Us SoFor those of us who are students of bible prophecy, there are a number of verses that seem to point to a duel fulfillment when it comes to the US. Most of those point to a “daughter of Babylon” sort of situation.
The term “Daughter of Babylon” is used a number of times in scripture. But there are people out there that totally skim over the “DAUGHTER OF” part and instantly jump to BABYLON.
Thing is that I do not see the US as BABYLON, but when you read scripture pertaining to DAUGHTER OF BABYLON, like it or not, you could see America being able to hold that sort of title.
There are many that claim that “We don’t see America in Bible Prophecy.” Just because something is not there does not mean that it is not addressed in scripture. The name of our Savior JESUS, was not mentioned in the old testament, but we clearly see Him being addresses by other names and titles.
I do believe that America is being addressed as a “Daughter of Babylon.”
I digress and need to stay on topic.
The Daughter of Babylon is talked about in the prophecies of Jeremiah (chapters 50 and 51), Zechariah (chapter 5), Isaiah (chapter 47 and elsewhere), and of course John the Revelator (chapters 17 and 18 in his Apocalypse).
Here is a short sampling of these verses:
Daughter of Babylon, who art to be destroyed; happy [shall he be], that rewardeth thee as thou hast served us. (Psalm 137:8)
Come down, and sit in the dust, O virgin daughter of Babylon, sit on the ground: [there is] no throne, O daughter of the Chaldeans: for thou shalt no more be called tender and delicate. (Isaiah 47:1)
They shall hold the bow and the lance: they [are] cruel, and will not shew mercy: their voice shall roar like the sea, and they shall ride upon horses, [every one] put in array, like a man to the battle, against thee, O daughter of Babylon. (Jeremiah 50:42)
For thus saith the LORD of hosts, the God of Israel; The daughter of Babylon [is] like a threshingfloor, [it is] time to thresh her: yet a little while, and the time of her harvest shall come. (Jeremiah 51:33).
Deliver thyself, O Zion, that dwellest [with] the daughter of Babylon. (Zechariah 2:7)
When you do research we can see that war and bloodshed does come to the shores of the Daughter of Babylon. It is this fact that I am focusing on and not trying to promote some sort of time table of actions.
Like it our not our nation is facing some serious times and the bible tells us to be prudent when God warns His children of hard times coming down the road.
Last Days ProphecyMany people may disregard this warning of a coming civil war / martial law / civil disturbance of some sort because things do not line up according to their take on the last days.
Please note that I am NOT stating that we are or are not in the tribulation or such. What I am pointing out is that there is scripture that points to the cause and effect of The Daughter of Babylon.
So please do not think that just because “A” has not happened that “B” can’t happen.
NONE of us have a view into the future and I will admit that I am speculating here as well. Thing that I look at is history and the fact that man constantly repeats his horrible history about every 100 years.
The historical fact is that the world is due for another war on par with that of World War I & II. It has been about 100 years since WWI.
This is why I strongly believe that we could see some sort of armed uprising / civil disturbance / martial law take place in the US.
What ever the catalyst is that causes it is not the issue, we need to focus on the outcome, not waste time on what caused the outcome. Leave the cause to the history books, we need to focus on the here and now so that we can be of use and better help our fellow man down the road.
What Can We Do To Prepare For Civil War / Martial Law / Civil Disturbance1 – Get our food pantry in order & Get proper amounts of water on hand
2 – Get our medicine cabinet in order
3 – Gear up to protect the Home & Family
I will cover each of these in detail below…
Get our Food Pantry in Order & Proper Amounts of Water on Hand
I have been warning people for some time now that one must have food and water on hand. A family needs to have at least 90 days’ worth of food and water. This is a minimum.
Stocking Up The PantryI know that I keep harping on this, but you MUST look at your food as an investment.
Food is money, food is something to barter with. If you are able to grow and raise food, you are in a very strong position.
In fact, look at anything that you use in day to day life as a hard commodity. I say this because “IF” there is an armed uprising or such, there will be a run on stores and shelves will empty in a matter of hours due to herd mentality.
The goal is to NOT be part of the herd.
By having a month or so worth of food on hand, this is money you will not have to spend down the road, thus the cash on hand can be used for other things.
“IF” there is some sort of armed uprising and martial law is called we will instantly see a run on food, and other essential items. The rise in demand will cause a form of hyperinflation that will kick in and prices will rise drastically.
Example, what you buy today might only cost $1.00 where in a time of civil war / disturbance that same item may cost $5.00, $10, $50+
The key is that because you thought ahead and purchased, you saved money and most likely saved your families life.
Proverbs 22:3 A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.
Proverbs 6:6 Go to the ant, thou sluggard; consider her ways, and be wise:
Proverbs 30:25 The ants are a people not strong, yet they prepare their meat in the summer;
There is a Russian proverb that says… ” When it happens you will know that it is true, by then it will be to late.”
Getting Your Water Storage StartedIn regards to water, get some bottled water on hand quickly. This will help you get your 90 days of supplies started. Rule of thumb is one gallon per person per day.
You can also purchase sturdy garbage cans and fill them with water, but you need a way to filter it so you can drink it. Pouring it through several cotton towels will do this in a pinch. You are looking to filter out dirt, debris, and the occasional bug that flew into the water.
NOTE – This is NOT a long term water storage solution, just a short term. If you do not use this water in say seven days, empty it out and put in new fresh water. There are water purification kits that you can use to keep the water longer, but best is to keep rotating as needed.
Food That I RecommendMany people have asked me about all the different foods out there. I have to admit that I have tried a lot of the foods and many are not any good. They taste like salty cardboard mixed with a few dehydrated veggies thrown in. Think over glorified Ramin noodles.
THRIVE LIFE FOODS – At the top of my list is THRIVE LIFE Foods. We have been using THRIVE Foods for over 6 years. We raised our two youngest kids on it and my oldest son is raising his children on it.
Yes it is the Cadillac of food, but I refuse to skimp on my family’s health, welfare and nutritional needs.
One of the things I like about THRIVE LIFE Foods is that they have what is called “The Q.” What you do is choose a wish list of food, associate it to your “Q” and then associate an amount, anything over $50 a month, and then tell them what day they can hit your credit card. About seven days later your first batch of food you chose from your wish list shows up on your front porch.
Pick the food, pay and forget it. It keeps showing up every month with more items from your wish list.
Another thing that THRIVE LIFE has is non-GMO and also Organic foods available. This is a real plus over many of the other companies out there that are in the survival food arena.
If you are interested in THRIVE LIFE Foods, then check out our Thrive website –
NOTE – If you are wanting to order over $500 worth of food, please contact, I might be able to save you some money by running it through my back office. Contact me at firstname.lastname@example.org and lets set up a time to talk.
AUGASON FARMS FOODS – Augason Farms runs a close second in my book when it comes to emergency / bulk food. I have tried them in the past and they are really good. The great thing is that they also are sold on Amazon and the prices are pretty affordable when you look at the nutritional value as well as the really great taste that you are getting.
One of the recommendations that I make is for Augason Farms 30-Day Emergency Supply Pail Storage Food. One thing about this is that they have calculated over 1800 calories a day, where some of these other “survival buckets” only have calculated 1200 calories a day.
Don’t want to go for the full 30 day meals, then Augason Farms also has their “Augason Farms Lunch & Dinner Emergency Food Supply”
For just over $65 you can get 92 servings / half a month’s supply of lunch and dinners. If you couple this with the 30 day supply, you will have a very well rounded food supply for a solid month.
Augason Farms – 30-Day Emergency Supply Pail Storage Food
Augason Farms Lunch & Dinner Emergency Food Supply
SURVIVE2THRIVE – 40 DAY/NIGHT 100% ORGANIC FOODSUPPLY
I learned about Survive2Thrive from my friend Steve Quayle and found out that this is the only Certified Organic, Non-GMO Grab & Go Food Storage on the market today.
Survive2Thrive created this 40-Day Organic Emergency Food Supply because the majority of food storage option available are absolutely horrible. They are just empty calories that are loaded with GMO’s, preservatives, and extremely high levels of sodium while offering very little nutritional value. I personally can’t imagine thriving on such ‘food’, and I use the term loosely here, for any length of time. If you are looking for Non-GMO, Certified Organic Food Storage that will keep you healthy for a long period of time look no further. Shelf Life is 10-15 years if stored properly!
To learn more about SURVIVE2THRIVE – Check out the following link….
FILES THAT CAN HELP YOU GET STARTEDDownload The Food Prep Lecture Show. I produced this show several years ago. Some stuff is dated, but the information is still on track. Click and listen >>>>
Download my Food – Water – Medicine HereThis is my Power Point lecture. You can flip through this as you are listening to the lecture I gave on MP3
Download 52 Week Plans HereThese are plans to help people purchase needed items over a 52 week period. THESE ARE THE BASICS, this is to help you get started, this WILL NOT keep your family totally healthy in the long term. You need to have long term survival food on hand, but this can give you goals or help you get started if you feel overwhelmed.
Get Our Medicine Cabinet In OrderI wrote a very in depth two-part article about getting your families first aid kit in order.
You can read it here –
Part 1 – http://raygano.com/creating-a-first-aid-kit-suited-to-you-and-your-needs/
Part 2 – http://raygano.com/pt-2-creating-a-first-aid-kit-suited-to-you-and-your-needs/
With the onset of any war / civil uprising, medical health quickly depreciates and medical help becomes almost non-existent. Diseases like the flu and other viral sort of sicknesses go on the rise.
In 2009 Tracye and I lived through the swine flu pandemic that took place in New Braunfels Texas. We learned a lot living through that. What follows is a list of items that helped me and my family during the pandemic we experienced in 2009 with the H1N1 Swine Flu.
These are the very same supplements that I keep on hand all the time.
Sambucol (black elderberry) – http://tinyurl.com/PZ-Sambucol
Colloidal Silver – http://tinyurl.com/PZ-Silver-Sol
Echinacea – http://tinyurl.com/PZ-Echinacea
Propolis – http://tinyurl.com/PZ-Propolis
Ginger Root – http://tinyurl.com/PZ-Ginger-Root
Vitamin C – Rosehips – http://tinyurl.com/PZ-Rosehips
Activated Charcoal – http://tinyurl.com/PZ-Activated-Charcoal
When we lived in Texas and was in the middle of the H1N1 Swine flu mini pandemic I got these items as fast as I could and the moment anyone even sniffed, I gave them the following…
- A shot glass of Sambucol (it comes with its own little glass)
- 3-4 sprays of Silver Sol Colloidal silver spray
- 2 caps Echinacea (400 – 500 mg ea)
- 2 caps propolis (1000 mg ea)
- 2 caps ginger root (500 mg ea)
- 2 caps rose hip / vitamin C (500mg ea)
- 1 cap charcoal (280 mg)
To this day if either of us are feeling some sort of bug coming on, we instantly dose up on all of these so that it raises our immune system. All of these items help boost the immune system and increase antibodies.
Other things that you can add and that will be VERY HARD TO FIND if there is a some sort of civil uprising are as follows
Medical Treatment ToolsElectronic Ear Thermometer – NO ORAL – http://tinyurl.com/PZ-Electronic-Ear-Thermometer
Automatic Blood Pressure Monitor – http://tinyurl.com/PZ-Blood-Pressure-Monitor
Stethoscope – http://tinyurl.com/PZ-Stethoscope
Tongue Depressors – http://tinyurl.com/PZ-Tongue-Depressors
Medical Eye Goggles – http://tinyurl.com/PZ-Medical-Eye-Goggles
Fenix Flashlight – five brightness levels – http://tinyurl.com/PZ-Fenix-PD35-Flashlight
Purell Hand Sanitizer with Aloe 8oz – http://tinyurl.com/PZ-Purell-Hand-Sanitizer
Notebook for recording vital signs & keeping patient notes.Over The Counter Medicines You Need To Keep On Hand
Any medicines that fight a flu or other viral diseases will also become harder and harder to find as well as any supplies associated to the Flu.
Because the Flu is an immunosuppressive disease like Ebola, the following OCT medicines will also become harder and harder to find.
Medicines like …
Bayer Aspirin – http://tinyurl.com/PZ-Bayer-Aspirin
Extra Strength Tylenol – http://tinyurl.com/PZ-Extra-Strength-Tylenol
Children’s Tylenol – http://tinyurl.com/PZ-Childrens-Tylenol
Boiron Oscillococcinum – http://tinyurl.com/PZ-Oscillococcinum
Cold-Eeze Immune Support – http://tinyurl.com/PZ-Cold-Eze
Thieves Oil – http://tinyurl.com/PZ-Thieves-Oil
Vicks Nyquil Cold & Flu Daytime & Nighttime – http://tinyurl.com/PZ-Vicks-Nyquil
Quantum Health Thera Zinc Spray – http://tinyurl.com/PZ-Zinc-Spray
Benadryl 25mg capsules – 1 tablet every 4 hours as needed for nasal congestion, allergy, or itching if applicable – http://preview.tinyurl.com/PZ-Benadryl
Tums Ex – http://tinyurl.com/PZ-Tums-Ex\
Caffeinated Tea – Helps relieve headache – http://tinyurl.com/PZ-Caffeinated-Tea
Files To Help You Better Prepare MedicallyI put together a zip file a few years ago that have11 ebooks including – Where There Is No Doctor and the ebook “Preparing For The Coming Pandemic…
Click on the following URL
This will download a ZIP file and once you get it to your desktop, you can double click on it and it will open up.
Gearing Up To Protect The Home and FamilyI do not advocate offensive violence, but I do believe in protecting one’s family, the innocent and in maintaining a defensive posture.
1 Timothy 5:8 But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel.
Luke 22:36 Then said he unto them, But now, he that hath a purse, let him take it, and likewise his scrip: and he that hath no sword, let him sell his garment, and buy one.
Like it or not, now more than in the last 100 years we are living in a time where we may see war on our own shores. We may have seen foreign invaders/ UN Peacekeeper due to our serious military weakness or we may see some form of civil war, due to the racial hate, religious hate or between liberal or conservative ideals.
Believe it or not, our nation is ripe for revolution. My hope that it is a revolution at the ballot box and not one being fought on a battle field.
As bad as this sounds, people need to be prepared to defend.
I know that this sounds really “John Wayne” / Mall Ninja, but it is better to be prepared with gear ready to go than not.
Condor is a company that puts out some pretty good gear. It isn’t totally military grade, but it is pretty good gear for the price.
First thing that I recommend is getting a Cross Draw Tactical Vest.
Here are specs for the vest…
– Right side features 3 ammo pouches, large shell carrying pouch, and a shooting pad. – Left side features a pistol holster for most medium-framed pistols, 3 pistol mag pouches that are adjustable to the height of most normal-sized mag.
– Vest is mounted on tough nylon mesh material which aids ventilation. – Shoulders on vest can be adjusted with long velcro strips, and also have 2 mental D-rings for the attachment of carabiners or other material.
– Vest zips up in front and can be secured additionally with a pistol belt (included) threaded through the loops on the bottom. – Interior of vest has two zip-up document pockets left and right.
– Rear of vest is double-ply mesh which allows for the addition of a hydration bladder. – A carrying handle is provided as well as strips across the back for the addition of camouflage material or other pouches.
– Left and right sides can be adjusted for width via drawstrings
This is the vest that I have ordered and what I am gearing up.
I like that there are many pockets, pouches. I also REALLY like the fact that I can put my camel back water bladder in the back and will help me stay hydrated.
Again this is not military grade, but for civilian use and being prepared it is an excellent vest.
The added belt with two mag pouches are good to keep pepper spray, stun gun or even another tactical folding knife like the Cold Steel Voyager Clip Point XL.
MOLLE strips on the back also allow you to clip on dump bag to hold spent magazines as well as a small pack of sorts that might carry a day’s rations and a first aid pack.
Allen Company makes a great pouch that will secure to the back of the vest and it can hold a good amount of necessary items.
Specs for this pouch…
Rugged 600D material, with three layers of MOLLE on the face of the pouch
10″ x 7″ x 1.5″ overall dimension, with 6″ x 10′ zippered pocket
Two D-Rings on the top for attaching a neck strap
Organizing loops that are great for handgun mags or tools
Corded suspension system allows the pouch to be open up to 90-degrees
This or even two of these pouches on the back of the vest will help you keep needed gear without weighing you down.
Another item that one has to strongly think about is a good pair of gloves. I have written about gloves in the past and so many people do not understand how a good pair of tough gloves can really help save your hands.
Mechanic’s makes some great gloves, but a good pair of motorcycle gloves that are made to take the road rash is something that will stand up.
Freetoo Full Finger Cycling Motorcycle Gloves are some of the best out there. They are comfortable, but also take a beating. This is something that you will need to consider if you are being placed in a tactical situation where you need to get down on the ground and really rough up your hands.
Condor Tactical Cross Draw Vest – http://tinyurl.com/PZ-Condor-Tactical-Vest
MOLLE Rig Pouch – http://tinyurl.com/PZ-MOLLE-Rig-Pouch
Freetoo Tactical Milspec Gloves – http://tinyurl.com/PZ-Tactical-Milspec-Gloves
I have written a number of articles on weapons but to give you my choice, I personally like the following…
Handgun – Glock 17 9mm loaded with hollow points for home and personal carry. Get a few 30 round mags for this if needing to think about some serious lead down range.
Shotgun – Mossberg 500 pump or Remington 870 pump 12 guage with a slection of different rounds from slug, 00 Buck, small game. Also look into pepper rounds and bean bag for non-lethal.
Long Range – Mosin Nagant with a Monte Carlo nylon stock. Put a solid rail on the top for a scope and you have a great weapon that can reach out and touch someone. Total cost for this setup should run around $150 – $200, not including scope.
Short to Mid Range / Urban Fighting – I am partial to the M-4, a shortened version of the AR-15, that or a good ol paratrooper version of the AK-47. Both are great.
This is a good all around range of weapons.
If you throw in some of the blades and swords that I recommend, you will have a nice line of weapons that can answer just about any sort of defensive situation you might have to get into.
Musashi – 1060 Carbon Steel – Samurai Sword – http://tinyurl.com/PZ-Musashi-Clay-Temprd-Katana
Blackhawk Tatang Knife – http://tinyurl.com/PZ-Blackhawk-Tatang-Knife
Cold Steel Voyager XL Clip Point – http://tinyurl.com/PZ-CS-Voyager
Tactical Tomahawk and Military Compass – http://tinyurl.com/PZ-Tomahawk-and-Compass
ConclusionI know that what I am saying here is rather disturbing. But I feel that it needs to be said. Our nation is in a very bad place in time. I pray to God that what I am saying does not come to fruition, but the way the current administration is pushing our nation to a civil war / civil disturbance, it is not helping the matter and in fact adding gasoline to the fire that is already burning.
Charles G. Finney stated something very profound that may explain what and why things are happening today.
Here is what he said…
“Worldly desires, appetites, and feelings prevent true Christianity — the human will is, in a sense, enslaved by fleshly and worldly desires. It is therefore necessary for God to awaken people to a sense of guilt and danger and thus produce an opposite excitement or feeling and desire. This counter-feeling breaks the power of worldly desire and leaves the will free to obey God.”
Our nation desperately needs God, but we have been living a slew of lies thinking that we are serving God, when in reality we are serving ourselves.
John MacArthur wrote an outstanding article titled “When God Abandons A Nation.”
If you wish to read it online, you can read it here – http://raygano.com/when-god-abandons-a-nation/
In this article he talks about 5 dominate lies we as Christians and a culture have accepted in these last days.
Lie #1 – Life is random…life is random. We’re all products of evolutionary chance, no purpose, no creator, no accountability.
Lie #2 – Truth is relative. No absolutes, no standard, you just kind of have to flow around public opinion but you can change public opinion, as we well know.
Lie #3 – People are basically good, oh if they go bad, somebody abused them. Somebody else is to blame, they lack self-esteem, they have psychological problems based on environmental failures.
Lie #4 – Thanks to Rick Warren and Joel Osteen, everyone can change his own life, get control, take charge, become the person you want to be. You have the power to be whatever you want to be.
Lie #5 – The goal of life is self-satisfaction. You’re really after feeling good about yourself, being satisfied with who you are. You hear people say, “This is who I am, take it or leave it and I’m happy who I am. This is me and I’m just out there.”
Because we have bought into these lies is why Finney’s statement is so profound to me.
“It is therefore necessary for God to awaken people to a sense of guilt and danger and thus produce an opposite excitement or feeling and desire. This counter-feeling breaks the power of worldly desire and leaves the will free to obey God.”
Bible prophecy or not, this is where we are today in US History.
We have forgotten God and He will do what He deems necessary to wake us back up to the truth. If it means guilt and danger, then He will do it.
The thing that we who are a wake and have been watching need to do is to prepare so that we can make it through that storm and make it to the other side so that we can be ready to serve and help our fellow man. It will be at that time that man will be ready to hear the good news of the gospel, and we need to make sure that we will be there so that we can share it.
If you have any questions, please feel free to email me at email@example.com
10 Things That Every American Should Know About Donald Trump’s Plan To Save The U.S. Economy - Mon 19 Sep 2016, 3:19 pm
10 Things That Every American Should Know About Donald Trump’s Plan To Save The U.S. Economy
Michael Snyder September 19, 2016 4 Comments
Barack Obama, Biggest Debt Bubble, Biggest Debt Bubble In The History Of The Planet, Can Donald Trump Turn The U.S. Economy Around?, Children, Debt, Debt Bubble, Debts, Donald Trump, Donald Trump And The Economy, Donald Trump's Economic Plan, Economic Oblivion, food, hillary clinton, In Debt, jobs, poverty, Reckless Spending, Spending, The Middle Class
10 Things That Every American Should Know About Donald Trump’s Plan To Save The U.S. EconomyCan Donald Trump turn the U.S. economy around? This week Trump unveiled details of his new economic plan, and the mainstream media is having a field day criticizing it. But the truth is that we simply cannot afford to stay on the same path that Barack Obama, Hillary Clinton and the Democrats have us on right now. Millions of jobs are being shipped out of the country, the middle class is dying, poverty isexploding, millions of children in America don’t have enough food, and our reckless spending has created the biggest debt bubble in the history of the planet. Something must be done or else we will continue to steamroll toward economic oblivion. So is Donald Trump the man for the hour?
If you would like to read his full economic plan, you can find it on his official campaign website. His plan starts off by pointing out that this has been the weakest “economic recovery” since the Great Depression…
Last week’s GDP report showed that the economy grew a mere 1.2% in the second quarter and 1.2% over the last year. It’s the weakest recovery since the Great Depression – the predictable consequence of massive taxation, regulation, one-side trade deals and onerous energy restrictions.
And Trump is exactly right about how weak this economic recovery has been.
So how would he fix things?
The following are 10 things that every American should know about Donald Trump’s plan to save the U.S. economy…
#1 Donald Trump would lower taxes on the middle class
The tax savings under Trump’s plan would actually be quite substantial for middle class families. The following numbers come from a recent Charisma article…
• A married couple earning $50,000 per year with two children and $8,000 in child care expenses will save 35% from their current tax bill.
• A married couple earning $75,000 per year with two children and $10,000 in child care expenses will receive a 30% reduction in their tax bill.
• Married couple earning $5 million per year with two children and $12,000 in child care expenses will get only a 3% reduction in their tax bill.
#2 Donald Trump would lower taxes on businesses
Under his plan, no business in America would be taxed more than 15 percent. Alternatively, Hillary Clinton’s plan would tax some small businesses at a rate of close to 50 percent. So Trump’s plan would undoubtedly be good for businesses, and it would encourage many that have left the country to return.
But where would the lost tax revenue be made up?
#3 Childcare expenses would be exempt from taxation
For working families with children this would be a great blessing. Without a doubt this is an effort to win over more working women, and this is a demographic that Trump has been struggling with.
It is definitely an idea that I support, but once again where will the money come from to pay for this?
#4 U.S. manufacturers will be allowed to immediately fully expense new plants and equipment
This would undoubtedly lead to a boom in capital investment, but it would also reduce tax revenue. As an emergency measure this would be very good for encouraging manufacturers to stay in America, but it would also likely increase the budget deficit.
#5 A temporary freeze on new regulations
Red tape is one of my big pet peeves, and so I greatly applaud Trump for this proposal. I think that Bob Eschliman put it very well when he wrote the followingabout Trump’s planned freeze on new regulations…
In 2015 alone, federal agencies issued over 3,300 final rules and regulations, up from 2,400 the prior year. Studies show that small manufacturers face more than three times the burden of the average U.S. business, and the hidden tax from ineffective regulations amounts to “nearly $15,000 per U.S. household” annually. Excessive regulation is costing our country as much as $2 trillion dollars per year, and Trump will end it.
#6 All existing regulations would be reviewed and unnecessary regulations would be eliminated
In particular, Trump’s plan would focus on getting rid of regulations that inhibit hiring. The following are some of the specific areas that he identifies on his official campaign website…
- The Environmental Protection Agency’s Clean Power Plan, which forces investment in renewable energy at the expense of coal and natural gas, raising electricity rates;
- The EPA’s Waters of the United States rule, which gives the EPA the ability to regulate the smallest streams on private land, limiting land use; and
- The Department of Interior’s moratorium on coal mining permits, which put tens of thousands of coal miners out of work.
#7 Donald Trump would fundamentally alter our trade relationships with the rest of the globe
Donald Trump is the first major party nominee in decades to recognize that our trade deficit is absolutely killing our economy. I write about this all the time, and it is a hot button issue for me. So I definitely applaud Trump for proposing the following…
- Appoint trade negotiators whose goal will be to win for America: narrowing our trade deficit, increasing domestic production, and getting a fair deal for our workers.
- Renegotiate NAFTA.
- Withdraw from the TPP.
- Bring trade relief cases to the world trade organization.
- Label China a currency manipulator.
- Apply tariffs and duties to countries that cheat.
- Direct the Commerce Department to use all legal tools to respond to trade violations.
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#8 Donald Trump’s plan would be a tremendous boost for the U.S. energy industry
Barack Obama promised to kill the coal industry, and that is one of the few promises that he has actually kept. Obama also killed the Keystone Pipeline, and right now the energy industry as a whole is enduring their worst stretch since the last recession. To turn things around, Trump would do the following…
- Rescind all the job-destroying Obama executive actions including the Climate Action Plan and the Waters of the U.S. rule.
- Save the coal industry and other industries threatened by Hillary Clinton’s extremist agenda.
- Ask Trans Canada to renew its permit application for the Keystone Pipeline.
- Make land in the Outer Continental Shelf available to produce oil and natural gas.
- Cancel the Paris Climate Agreement (limit global warming to 2 degrees Celsius) and stop all payments of U.S. tax dollars to U.N. global warming programs.
#9 Trump would repeal Obamacare
Trump claims that Obamacare would cost our economy two million jobs over the next ten years. And without a doubt, it has already cost the U.S. economy a lot of jobs.
Not only that, but Obamacare has also sent health insurance premiums soaring, and this is putting a tremendous amount of financial pressure on many families.
Trump says that he would “replace” Obamacare, but that is a rather vague statement.
What exactly would he replace it with?
#10 Trump’s plan says nothing about the Federal Reserve
This is a great concern, because the Federal Reserve has far more power over the economy than anyone else does. It is at the very heart of our debt-based system, and unless something is done about the Fed our debt bubble will continue to get even larger.
Since the Federal Reserve was created in 1913, the value of the U.S. dollar has fallen by more than 96 percent and our national debt has gotten more than 5000 times larger. For Trump to not even mention the Federal Reserve in his economic plan is a tremendous oversight.
We are in the midst of a long-term economic decline, and things have not gotten better during the Obama years. If you can believe it, a study that was just released by Harvard even acknowledges this…
America’s economic performance peaked in the late 1990s, anderosion in crucial economic indicators such as the rate of economic growth, productivity growth, job growth, and investment began well before the Great Recession.
Workforce participation, the proportion of Americans in the productive workforce, peaked in 1997. With fewer working-age men and women in the workforce, per-capita income for the U.S. is reduced.
Median real household income has declined since 1999, with incomes stagnating across virtually all income levels.Despite a welcome jump in 2015, median household income remains below the peak attained in 1999, 17 years ago. Moreover, stagnating income and limited job prospects have disproportionately affected lower-income and lower-skilled Americans, leading inequality to rise.
That same study found that the percentage of Americans participating in the labor force peaked back in 1997 and has been steadily declining since that time…
If we continue to do the same things, we will continue to get the same results.
Donald Trump is promising change, and many of his proposals sound good, but there are also some areas to be concerned about.
Ultimately, just tinkering with the tax code and reducing regulations is not going to be enough to turn the U.S. economy around. We need a fundamental overhaul of our economic and financial systems, and Trump’s plan stops well short of that. But without a doubt what he is proposing is vastly superior to Hillary Clinton’s plan, and so he should definitely be applauded for at least moving in the right direction.
SOURCE : theeconomiccollapseblog.com
MEDIA IS LYING: See The 5 Facts That Prove Trump Is ACTUALLY Beating Hillary Quite Badly - Sun 11 Sep 2016, 4:43 pm
MEDIA IS LYING:
See The 5 Facts That Prove Trump Is ACTUALLY Beating Hillary Quite Badly
[size=32]Donald Trump has been taking names and not taking prisoners.[/size]
[size=32]He is killing Hillary Clinton and has even had to do it by going up[/size]
[size=32]against the media’s rigged polls.[/size]
[size=32]The following five statistics that prove that Trump is really winning.[/size]
[size=32]Let’s take a look at the facts that the media completely ignores or covers up.[/size]
[size=32]Instead, they have been giving Clinton the lead despite the fact that she can’t[/size]
[size=32]get anyone to even show up to her rallies.[/size]
Clinton Rally In Omaha where she used mostly High School kids to fill the gym
where a lot of her statements were incorrectly read from her teleprompter.
[size=32]FACT #1: [/size][size=32]Trump has nearly three times the amount of followers on Facebook.[/size]
[size=32]Trump: 12,174,358 likes.
Clinton: 4,385,959 likes.[/size]
[size=32]Look what Trump’s live stream videos do when compared to Hillary’s.[/size]
[size=32]Trump Live Stream Post — 21 hours ago: 135,000 likes, 18,167 shares, 1.5 million views[/size]
[size=32]Clinton Live Stream Post — 25 hours ago: 9,000 likes, 0 shares, 121,000 views[/size]
[size=32]That does not look good at all for her![/size]
[size=32]Fact #2:[/size][size=32] Trump has 18.6 million twitter followers.[/size]
[size=32]Hillary Clinton has only 6.1 million.[/size]
[size=32]The best part is that most of Hillary’s are actually fake.[/size]
[size=32]According to the Washington Examiner, 41 percent of Hillary’s “followers”[/size]
[size=32]are not even real people.[/size]
[size=32]In contrast, The Daily Caller says that Trump’s followers are 90% real[/size]
[size=32]with 90% of them having a previous voting record.[/size]
[size=32]Fact #3:[/size][size=32] Trump averages 160k viewers per live stream.[/size]
[size=32]Clinton averages 400 viewers per live stream.[/size]
[size=32]Wow. That is bad. Trump also gets 5,000 percent more eyeballs focused[/size]
[size=32]on the screen than Clinton. Yep. She really is that boring to the folks.[/size]
[size=32]Fact #4: [/size][size=32]Instagram.[/size]
[size=32]Trump has 6.2 million followers.[/size]
[size=32]Clinton has 800,000 followers.[/size]
[size=32]Instagram is a platform with mostly all pictures and not much substance –[/size]
[size=32]exactly what Hillary supporters love. And still she does very poorly in this medium.[/size]
[size=32]Fact #5: [/size][size=32]On Reddit.[/size]
[size=32]Trump: 297,696 subscribers
Clinton: 21,429 subscribers
But on Hillary for Prison: she gets 255,228 subscribers.[/size]
[size=32]Trump has more subscribers than Clinton on every major social media outlet[/size]
[size=32]but what is even funnier is that there are nearly 3 times as many people[/size]
[size=32]subscribed to “Hillary for Prison” than there are subscribed to the Clinton page.[/size]
[size=32]The best part is that the DNC's leaked emails from WikiLeaks have proven that Clinton pays people to support her online. Trump supporters on the other hand willingly actually like and follow him on Social media.[/size]
[size=32]Trump actually has the support of the people. He is going to win this election come November no matter what the mainstream media would like you to believe[/size]
[size=32]Right now, every single patriot needs to share this article with friends and relatives. We need to fight these rigged polls that seem to come out every other day. Hillary Clinton has a big bag of tricks and is trying to trick the American public into voting for her. Let’s show America the truth.[/size]
[size=32]Can we share this e-mail with at least 10 friends. We have to fight against the mainstream media and their attempts to steal the election away from Trump.[/size][/size]
[size=24]God Bless America![/size]
The Six Laws of Survival: Strategies For Beating the Worst Case Scenario - Thu 01 Sep 2016, 4:27 pm
The Six Laws of Survival: Strategies For Beating the Worst Case Scenario
Jeremiah Johnson outlines the six laws of survival. Read this. Memorize this. Apply this. One day, you will need it.]
ReadyNutrition Guys and Gals, we just finished a series on how to escape from Bill Ayers’ Summer Reeducation Camp (or Gulag 17, depending on the situation). Now we will cover one of the most important elements of all: How to stay out of the “Happy” Camp. Best thing of all: do not go in. Easier said than done, however, there are some things you can do beforehand that will increase your chances of staying out of the Gulag.
These things are not complicated, however, they will require both willpower and action. They will not be things that happen on their own. In order to stay out of a camp, you must do something very important:
You must do things that others do not do, and you must not do what others do.Let us run with this concept in a scenario:
The Six Laws of SurvivalIn a survival scenario all bets are off and the following laws will keep you alive. These laws are rigid, but necessary. Harsh, but true. Keep your cards close and always have a plan.
Law 1: Wherever that crowd is running, do not join them.This is not to say that they aren’t (initially) running in the right direction. But what of it? They are bound to be either captured en masse or worse (bombed, strafed, or shot). For the horror of the IHM (the Incredible Human Mob), look no further than “War of the Worlds” with Tom Cruise where he and his family are driving the passenger van…right up and into the mob. Look what happened there. You can’t defeat their numbers, and you will be captive to them…another steer in the herd.
Strike out on your own, you and your family, avoiding the main thoroughfares at all cost, and avoiding the IHM.
Law 2: You have to have a place (and places) to go.This is where thinking outside of the general herd will pay off. We’re going to instruct by running through a checklist…. this will be a “handy-dandy” checklist that you can print out or run over in your mind to be able to follow rule #2.
- Did you preposition assets (food, weapons, money, etc.) at an initial safe location?
- Is that location within walking distance for you and your family?
- Once there, are you and your family secure for at least a 24 – 48-hour period?
- Safe from enemy troops/government “peacekeepers” on the hunt?
- Safe from fallout and/or NBC agents?
- Does it have a food and water supply to sustain all of you for 7 days?
- If your initial safe location has been compromised, is a duplicate location nearby?
- Do you have a farther (more remote) location that you can reach on foot in 3 days?
- A secure, sustainable location with supplies for at least a month?
- Do you and your family have a handheld method of communication for each member?
- Have you formulated short-term (initial contact, 48 hours, 7 days) plans?
- Have you made long-term (1 month and month-by-month; 6 months and 6-month continuous analysis; 1 year) plans?
Guys and gals, these are just basics. You must have these things in place in order to give you and your family a fighting chance. Whether or not it is a foreign invasion or a domestic communist takeover of the United States, you must leave your home in suburbia or you will be rounded up, bringing us forward:
Law 3: You will be leaving your home, permanently or for a long time.This is survival. The majority of readers are not living in the mountains or in a remote location. If you follow these steps and practice them on a dry-run on a regular basis…it will give you the advantage that most people will not have. You must innovate: come up with ideas that others will not think of. Do you know of an abandoned warehouse on the outskirts of town? Chances are that 90% of others will think the same thing in a grid-down/Red Dawn survival scenario. You need to find the places that are off the beaten path. And if there are none? It may mean that you have to create a place.
How? By caching your supplies within the walking distances described for each part of the “safe” area. By finding tunnels, caves, or other sub-structures that can protect you from the elements and at least afford partial protection from radiation. By being who it is you imagine yourself to be: a prepper…a survivalist…or a survivor. When you enter any contest, do you enter it to lose? Do you strive for just “second place” or “second best” in this arena? Chances are the answer is “no,” but you have to arrive on that conclusion on your own. All of this is a challenge, and this underlines everything for you if it needs clarification:
Law 4: In survival, there is no silver medal: “second place” means death.Forget that phrase in “The Hunger Games,” because if you are taken…the odds are not ever in your favor. We went through a 4-article series on how to escape from the Gulag where I reiterated how important it is for you to stay out of it. I stand by this concept. If you are taken captive, the odds aren’t in your favor of getting out…for the duration of it.
And then guess what? The Germans during WWII as the allies approached began to hide their transgressions by liquidating the camps…basically killing everyone that could bear any type of witness to the atrocities. Do not think for an instant that it will not happen again. Look at Holodomor in Ukraine and the starvation tactics the USSR used to follow after the Malthusian model. Our enemies have very little regard for human life, and the lives they value are of their own people. If the Chinese communists would run over their own people with tanks and sell their internal organs while they’re still alive, what will they do with us?
Which brings us to the “Malcolm X” rule:
Law 5: You must stay out and survive by any and all means necessary.Some of you may think “JJ is a little harsh.” I would rather be hard and harsh now, and enable you, my countrymen, to have some tools at your disposal and a “sharp tack” under the figurative buttocks of your mind to give you the impetus to do something about the situation prior to its occurrence. The country is “long in the tooth,” and you have to grasp these concepts and act upon them now…not burn off the pages and save them in the survival archives…but use them to inculcate your own, individual plan of action now.
Rule #5 means resolving yourself to do what you must in order to protect yourself from the ravages (and not just possible, but probable death) inside of one of these camps. These are all basic, “generic” things to begin as a base for your preparations. This is a form of guerilla warfare! Avoid the occupiers/oppressors at all cost! These things will work for you…if you resolve yourself (ves) to do them. I’ll close with a note on OPSEC (operational security): you better build off of these basics and keep all of them to yourself.
JJ is giving you the basics that you need, without revealing everything of his own plans. Why? Because I earned them by paying for them with years of experience and suffering, and it means my family’s survival. Such measures would run you a lot of money and imagination; such measures come from years of practical experience and the willingness to take chances. This thought brings us to our final rule, the failure of which means compromise leading to death:
Law 6: Do not tip your hand or reveal your plans to anyone.Next installment we will talk about life under occupation, be that by foreign invaders or by totalitarian state that has morphed out of a democracy. In the meantime, prepare and plan, and when you are reasonably sure, execute a dry run. The practice does make perfect and affords you a time and trials to iron out all of the glitches in your operations. Until next time be good to one another and keep up the fight!
Jeremiah Johnson is the Nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne). Mr. Johnson was a Special Forces Medic, EMT and ACLS-certified, with comprehensive training in wilderness survival, rescue, and patient-extraction. He is a Certified Master Herbalist and a graduate of the Global College of Natural Medicine of Santa Ana, CA. A graduate of the U.S. Army’s survival course of SERE school (Survival Evasion Resistance Escape), Mr. Johnson also successfully completed the Montana Master Food Preserver Course for home-canning, smoking, and dehydrating foods.
Mr. Johnson dries and tinctures a wide variety of medicinal herbs taken by wild crafting and cultivation, in addition to preserving and canning his own food. An expert in land navigation, survival, mountaineering, and parachuting as trained by the United States Army, Mr. Johnson is an ardent advocate for preparedness, self-sufficiency, and long-term disaster sustainability for families. He and his wife survived Hurricane Katrina and its aftermath. Cross-trained as a Special Forces Engineer, he is an expert in supply, logistics, transport, and long-term storage of perishable materials, having incorporated many of these techniques plus some unique innovations in his own homestead.
Mr. Johnson brings practical, tested experience firmly rooted in formal education to his writings and to our team. He and his wife live in a cabin in the mountains of Western Montana with their three cats.
This information has been made available by Ready Nutrition
Originally published December 13th, 2015
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What Will You Do When The Lights Go Out? The Inevitable Failure Of The US Grid - better read, during - Wed 17 Aug 2016, 2:40 pm
What Will You Do When The Lights Go Out? The Inevitable Failure Of The US Grid - better read, during the windstorm last November, we had no electric power for 3/4 days - never been so cold in my life
By Julianne Geiger - Aug 12, 2016, 5:27 PM CDT
Delta Airlines recently experienced what it called a power outage in its home base of Atlanta, Georgia, causing all the company’s computers to go offline—all of them. This seemingly minor hiccup managed to singlehandedly ground all Delta planes for six hours, stranding passengers for even longer, as Delta scrambled to reshuffle passengers after the Monday debacle.
Where Delta blamed its catastrophic systems-wide computer failure vaguely on a loss of power, Georgia Power, their power provider, placed the ball squarely in Delta’s court, saying that “other Georgia Power customers were not affected”, and that they had staff on site to assist Delta.
Whether it was a true power outage, or an outage unique to Delta is fairly insignificant. The incident was a single company without power for six measly hours, yet it wreaked much havoc. Which brings to mind (or at least it should) what happens when the lights really go out—everywhere? And just how dependent is the U.S. on single-source power?
When you hear about the possible insufficiency, unreliability, or lack of resiliency of the U.S. power grid, your mind might naturally move toward the extreme, perhaps National Geographic’s Doomsday Preppers. Talks about what a U.S. power grid failure could really mean are also often likened to survivalist blogs that speak of building faraday cages and hoarding food, or possibly some riveting blockbuster movie about a well-intentioned government-sponsored genetically altered mosquito that leads to some zombie apocalypse.
But in the event of a power grid failure—and we have more than our fair share here in the U.S.—your survivalist savvy may be all for naught.
This horror story doesn’t need zombies or genetically altered mosquitos in order to be scary. Using data from the United States Department of Energy, the International Business Times reported in 2014 that the United States suffers more blackouts than any other developed country in the world.
Unfortunately, not much has been done since then to alleviate the system’s critical vulnerabilities.
In theory, we all understand the wisdom about not putting all our eggs in one basket, as the old-adage goes. Yet the U.S. has done just that with our U.S. power grid. Sadly, this infrastructure is failing, and compared to many other countries, the U.S. is sauntering slowly behind many other more conscientious countries, seemingly unconcerned with its poor showing.
The Grid, by Geography and Geopolitics
According to the United States Department of Energy, the American power grid is made up of three smaller grids, known as interconnections, which transport energy all over the country. The Eastern Interconnection provides electricity to states to the east of the Rocky Mountains, while the Western interconnection serves the Rocky Mountain states and those that border the Pacific Ocean.
The Texas Interconnected System is the smallest grid in the nation, and serves most of Texas, although small portions of the Lone Star state benefit from the other two grids.
And if you’re wondering why Texas gets a grid of its own, according to the Texas Tribune they have their own grid “to avoid dealing with the feds.” Now that’s true survivalist savvy—in theory.
When you look at the layout of the grid above, it’s easy to see that a single grid going offline would disrupt a huge segment of North America.
Wait—make that all of North America.
To give it to you straight, our national electrical grid works as an interdependent network. This means that the failure of any one part would trigger the borrowing of energy from other areas. Whichever grid attempts to carry the extra load would likely be overtaxed, as the grid is already taxed to near max levels during peak hot or cold seasons.
The aftermath of a single grid going down could leave millions of residents without power for days, weeks or longer depending on the scope of the failure.
So although on the surface it looks like the U.S. has wisely put its eggs into three separate baskets for safer keeping, the U.S. has in essence, lined up our baskets so that if one were to drop, or if the bottom were to fall out, the eggs from basket #1 would fall into basket #2. Which would break from the load, falling into basket #3—eventually scrambling all the eggs. Sorry, Texas. Related: Is Saudi Arabia About To Cry Uncle In The Oil Price War?
When multiple parts of the grid fail at the same time, it’s not necessarily more catastrophic—the catastrophe just happens more quickly.
According to Jon Wellinghoff, chairman of the Federal Energy Regulatory Commission, in an interview with USA Today, "You have a very vulnerable system that will continue to be vulnerable until we figure out a way to break it out into more distributed systems."
The Grid, by the Numbers
Let’s look at the math behind the power grid, and what the U.S. is doing to improve it.
1. Through the Recovery Act, the DOE invested about $4.5 billion in the power grid since 2010 to modernize it and “increase its reliability”. $4.5 billion seems like a fairly large number, unless you’re talking about a single machine that serves as the lifeblood to nearly every human in North America—a machine that was conceived in 1882 by Thomas Edison—with little changed since then, conceptually speaking. For people who reside in weather-challenged areas, such as my home state of Michigan, a home generator is almost as necessary of an appliance as a microwave, and people are scrambling to go “off-grid” with alternative energy solutions—an act that will not provide them immunity should the lights go out everywhere else. And for what it’s worth, for those of you sporting solar and wind energy, you’re further taxing the grid—the grid just wasn’t designed to accommodate the surges and lulls of such systems, however green you find them.
2. Power outages—just the ones due to severe weather—cost the U.S. economy between $18 and $33 billion annually in spoiled inventory, delayed production, grid damage, lost wages and output. Despite a few billion dollars being thrown at the grid to improve its resiliency or reliability, the number of outages due to weather is expected to increase, assuming that climate change will indeed intensify extreme weather, as some predict.
3. The total annual cost from power outages, per federal data published in The Smart Grid: An Introduction, is a whopping $150 billion.
4. As of 2014, the DOE had generously spent $100 million (million, not billion) into modernizing the grid for the specific purposes of surviving a cyber incident by maintaining critical functions. This would be measures separate from making the grid more reliable.
5. The American Society of Civil Engineers gave the electrical grid a grade of D+ in early 2014 after evaluating the grid for security and other vulnerabilities.
6. The average age of large power transformers (LPTs) in the US is [url=http://energy.gov/sites/prod/files/Large Power Transformer Study - June 2012_0.pdf]40 years[/url], with 70 percent of all large power transformers being 25 years or older. According to the DOE, “aging power transformers are subject to increased risk of failure.”
7. LPTs cannot be easily replaced. They are custom built, have long lead times (even 20 months, in some cases), cost millions of dollars, are usually purchased from foreign entities due to limited U.S. capacity, and weigh up to 400 tons. All this means that patching and fixing is likely to be favored over replacement, despite their age and associated risk.
Working with those figures, most of which are provided by federal sources, this means the U.S. invested, from 2010 to 2014, $4.5 billion to modernize the grid, along with an additional $100 million to stave off cyber threats. That’s $4.6 billion over four years, or $1.15 billion per year in upgrades. Next to the $150 billion lost each year due to outages, it looks like someone has done some subpar calculating.
The security of the power grid, which is a separate issue from the reliability of the power grid, is a whole other issue that concerns itself with hypothetical one-off scenarios—albeit terrible one-off scenarios. But at least there’s a chance that those one-off scenarios, such as a cyber-attack on the grid or some terrorist activity, would not come to fruition. A chance, at least.
What we are certain of, is that severe weather will continue to stress and threaten our power grid. And unless something changes, ultimately, it will fail. So when we talk about reliability, we’re talking about “when” and “for how long” scenarios, not “what if”.
The how-long factor plays a huge role into how bad is “bad”; not because of the events that one knows will follow, which includes mass food spoilage, deaths due to overheating in the hot summer months, deaths due to freezing in the cold regions, and the halting of everything we take for granted these days—airlines, internet and most other forms of communication.
All that sounds pretty bleak, but when you throw into the mix the mania and hysteria that would ensue shortly after such catastrophic events, it will be so much worse. Best-selling author Charles Mackay, in his book Extraordinary Popular Delusions and the Madness of Crowds, does a pretty good job describing, through example, how crowd decisions and reactions are significantly less sensible than individual decisions—sometimes downright nutty, as evidenced by Tulip Mania, where supply and demand—or in this case scarcity and demand, drove up the prices of tulip bulbs to ridiculous levels.
In the context of blackouts, we saw this in 1977, when a lightning strike in New York on a Hudson River substation tripped two circuit breakers, causing power to be diverted in order to protect the circuit. The chain of events that followed ended in an entire blackout for the area, which led to mass rioting, over 1000 deliberately set fires, the looting of 1600 stores, and the eventual arrest of 4,500 perpetrators and the injury of 550 officers, according to some estimates. The power was only out for 25 hours, and in one area.
In all likelihood, the haves (those who have removed themselves from the grid and prepared accordingly) will soon be overrun by the have-nots in the event of any extended blackout, with heavily populated areas taking the brunt of the chaos—and your solar roof panels or generator will not suffice as your savior.
The U.S. would be wise to follow the lead of some other countries, such as Denmark, which has decentralized its grid, but we doubt the cash exists to fund such an ambitious overhaul of an archaic system that has been left essentially unattended for decades upon decades.
(Click to enlarge)
By Julianne Geiger for Oilprice.com
New photo of Hillary being propped up so she wouldn’t fall - Sat 13 Aug 2016, 3:01 pm
New photo of Hillary being propped up so she wouldn’t fall
Posted on August 10, 2016 by Dr. Eowyn | 44 Comments
You saw this recent pic of Hillary being helped up the stairs by two men:
Now, Kristinn Taylor of Gateway Pundit has discovered another photo of Hillary being held by a man to keep her from falling.
The photo was taken by Mark Ralston of AFP/Getty Images on April 16, 2016, of Hillary during a campaign stop in Southwest College, Los Angeles, before a huge fundraiser that evening hosted by George Clooney. (FOTM is publishing the photo as “fair use” in accordance with section 107 of the US Copyright Law.)
The photo above shows Hillary Clinton being firmly held up by a man on her right side (Man #1) to keep her from falling over as she leans slightly forward speaking to the crowd with a microphone in her left hand. Man #1’s right hand is clasping Hillary’s right hand, while his left hand grasps her upper arm.
Another man on Hillary’s left (Man #2) has his right hand and arm extended, ready to assist her. Behind Hillary is an obscured third person (Man #3) whose extended hand can be seen reaching out under Hillary’s left elbow.
A CNN tweet shows a view of her standing unassisted, apparently on a slightly elevated platform:
Hillary may also be using adult diapers for incontinence. According to National Enquirer, the humble supermarket “tabloid” that broke the stories of former Democratic VP candidate John Edwards’ adultery and out-of-wedlock child, and actor Charlie Sheen’s HIV and off-the-charts bisexual promiscuity:
“insiders on the campaign trail are whispering that Hillary’s bizarre new fashion choices [of long tunics or jackets over pants] are also really cover for her medical woes. ‘People are mocking her outfits that look like they come from a ‘Star Trek’ movie,’ said one journalist following her campaign, ‘but there’s speculation that they also cover up that she uses adult diapers for incontinence.’
In the early days of her presidential campaign, Hillary’s energy level originally seemed ‘good so far,’ confided a close source — who added, ‘but behind the scenes, she appears exhausted, dazed and confused at times.’ Insiders said that her most trusted aide, Huma Abedin, even sleeps in her hotel room to keep an eye on her ‘in case there’s a medical emergency.'”
Born October 26, 1947, Hillary Clinton is 68 years old and should not require help going up a few steps or standing up to speak. But these photos clearly show that she does need help. That’s because she has a history of blackouts, falls, memory loss, blinding headaches, vision problems and collapses — which dates back at least a decade. They include:
- On January 31, 2005, at age 57, Hillary fainted during a luncheon speech in Buffalo, N.Y.
- In June 2009, at age 61, she broke her right elbow — which required two hours of surgery — when she slipped and fell in a State Department garage.
- In January 2011, at age 63, she fell while boarding a flight leaving Yemen.
- In Dec. 2012, at age 65, she collapsed at home, striking her head, supposedly because she was dizzy and dehydrated from a flu. She sustained a concussion and was hospitalized for three nights, where an MRI discovered a blood clot in a vein between the brain and the skull, which was treated with blood thinner medication.
- When she recovered and reappeared in public on January 23, 2013, to testify in Capitol Hill on Benghazi (wherein she infamously retorted, “What does it now matter?,” when asked why she had lied that a little-known video had provoked the Islamist attack on the U.S. consulate), she was wearing thick Fresnel prism eyeglasses designed to correct double vision caused by severe head trauma. In February 2016, she was seen wearing the glasses again while campaigning in Las Vegas.
An unsteady gait, clumsiness or frequent falls, are symptomatic of subcortical vascular dementia (see “Bombshell: Hillary Clinton has dementia according to leaked medical records“). Dizziness, blurred or double vision, clumsiness, loss of balance, and weakness in an arm or leg are early symptoms of multiple sclerosis (see “Hillary Clinton said to have multiple sclerosis; a stroke risk”).
Whether due to subcortical vascular dementia or multiple sclerosis, Hillary’s frequent falls and double vision are symptomatic of a neurological problem that will only get progressively worse.
- Hillary Clinton is unfit to be President: Photographic proof she has seizures
- There is something very wrong with Hillary
- Is the hole in Hillary Clinton’s tongue from cancer surgery?
Sadr demanded Abadi resign - Sun 26 Jun 2016, 2:31 pm
actually no >> Previously he served as [You must be registered and logged in to see this link.] from 2003 to 2004, in the first government after [You must be registered and logged in to see this link.].
Between January and December 2005, he served as an adviser to the [You must be registered and logged in to see this link.] in the [You must be registered and logged in to see this link.].[You must be registered and logged in to see this link.]
He was elected as a member of the [You must be registered and logged in to see this link.] in the [You must be registered and logged in to see this link.] and chaired the parliamentary committee for Economy, Investment and Reconstruction. Al-Abadi was re-elected in the [You must be registered and logged in to see this link.] as a member of the Iraqi Parliament representing [You must be registered and logged in to see this link.]. In 2013, he chaired the Finance Committee and was at the center of a parliamentary dispute over the allocation of the 2013 Iraqi budget.[You must be registered and logged in to see this link.]
Why Janet Ain’t Yellin’ “Higher Interest” Anymore: Jobs Worse than Expected and Far Worse than Repor - Sun 19 Jun 2016, 4:57 pm
Why Janet Ain’t Yellin’ “Higher Interest” Anymore: Jobs Worse than Expected and Far Worse than Reported
In the fall of 2015, I said the Federal Reserve would raise interest rates once in December then would not be able to fly any higher thereafter. The stock market would crash shortly after the Fed pulled up on the interest stick (which it did in what became the worst January in stock-market history), and then the Fed’s hopes of recovery would fade away.
I also said that, in spite of a continually degrading economic situation around the world, the Fed would badly want to lift its interest target again in order to prove its recovery had recovered from the first lift. The fact that it would not be able to without stalling the economy completely wouldn’t mean it wouldn’t try. If it did try, however, it would find out in hindsight that any additional pull back on the stick would crash the economy into the dust of the earth.
Here we are half a year later. The collapse did not continue down as quickly as I thought it would. The stock market and oil market stabilized and recovered after January, but the US and global economy remain on a downward flight path, evidenced by falling GDP stats and rapidly declining job numbers.
The Fed certainly appears to be trapped. Fed officials have pounded the pavement to talk about their intention to raise interest rates, but every month faces additional reasons that the Fed is unable to do so.
You can put a toe tag on the Fed’s fake recovery now
The Fed’s plane called Recovery is disintegrating slowly, rather than in one huge blow-up. Six months out from lift off, it is clear that the forces against another rate increase are growing worse month by month.
The Fed’s chances of pulling up any higher are getting rapidly smaller. Globally, there is talk of Brexit and Grexit, and China is looking like a mountainside that could slide any day now. Japan’s one-hundredth attempt at economic recovery through quantitative wheezing has failed completely. Much of the world had descended into Alice’s Wonderland of negative interest rates for the first time in world history, as a last-ditch attempt to recover from the Great Recession (and to recover from their central banks’ failed recovery attempts). Two major European banks are failing, and Venezuela and Brazil have collapsed into economic chaos. (And that’s just a sprinkling of current headlines.)
Yet, the worst news for the Fed is right at home. The Fed’s plane never made it more than a few feet above the runway when the illusory jobs recovery flew like a goose into the Fed’s left engine this week just as Captain Yellen was hoping to pull back on the stick for one more attempt to gain some interest altitude.
Yellen’s ground announcers had let the airshow crowd know they should watch her next trick, so the crowd was attentively watching for the much anticipated rate rise. Then down the plane’s nose dropped in what looked like a clumsily aborted take off, nearly skidding the nose cone back onto the runway. Whew! Many people must be asking, “Can she even fly that thing?”
Month after month, the Federal Reserve proves it is incapable of lifting off, though it keeps saying it will do so. It hinted at four rate increases in 2016, and so far has made exactly … none.
Morgan Stanley compares the Recovery’s present flight attitude to the Great Depression:
“We think that the current macroeconomic environment has a number of significant similarities with the 1930s…. The critical similarity between the 1930s and the 2008 cycle is that the financial shock and the relatively high levels of indebtedness changed the risk attitudes of the private sector and triggered them to repair their balance sheets….”
“In 1936-37, the premature and sharp pace of tightening of policies led to a double-dip in the U.S. economy, resulting in a relapse into recession and deflation in 1938,” the analysts wrote. “Similarly, in the current cycle, as growth recovered, policy-makers proceeded to tighten fiscal policy, which has contributed to a slowdown in growth in recent quarters.” (NewsMax)
In talking about 2016, I said the crash to come would be a second dip into the Great Recession. The Fed has shown that it fears even a mosquito-sized raise in interest altitude after half a year of skimming the runway could precipitate disaster.
No recovery is real if it can only exist under artificial life support, and this recovery has proved that it cannot exist outside of that artificial environment. At The Great Recession Blog, I have maintained for years that the Fed’s recovery would die the second all life support ended, and the following job figures will show you that it is, in fact, dying.
Lipstick ain’t gonna make this pig perdy. Says Michael Feroli, chief U.S. economist at JPMorgan Chase & Co., concerning the latest jobs report:
It’s definitely the most concerning signal we’ve got recently.
Five indicators on the job market dashboard are red and there’s a bird in every engine
#1 Jobs report worse than expected and much worse than reported
The worst economic indicator of the past week was an abysmal jobs report — the measure of new jobs announced. It was by far the worst jobs report in almost six years, showing a paltry gain of only 38,000 new jobs added to the economy while the number of working-age adults rose by 205,000.
Moreover, the number of new jobs that had been reported positively in the two previous months also proved deceptive and was revised down significantly. (That, of course, was tucked away in the fine print.)
To put a positive spin on hideous numbers, the Bureau of Labor Statistics (BLS, which should simply be BS) reported 484,000 formerly unemployed people are no longer unemployed. That’s fantastic! Well, except they omitted the banal explanation that this was simply because most of those people had been unemployed so long that their unemployment benefits expired. (Sighs. Just when you might have thought you felt some lift.)
Moreover, an all-time record of 94.5 million Americans are not part of the labor force. 180,000 more joined that number in May.
As Jim Quinn said on The Burning Platform,
We only need the other 7.4 million “officially” unemployed Americans to leave the work force and we’ll have 0% unemployment. At the current pace we should be there by election time…. Not one single full-time job has been added in 2016. There were 6,000 less full-time jobs in May than in January, while there are 572,000 more low paying, no benefits, part-time Obama service jobs. Sounds like a recovery to me.
It gets even better. The birth death excel spreadsheet “adjustment” added 224,000 phantom jobs into the May calculation. The lies – they burn…. IT’S ADJUSTMENT IS DEAD WRONG. In reality, jobs should be subtracted from the total. It added 231,000 phantom jobs in April too. The jobs numbers are much worse than the bad numbers being reported.
In other words, we would have actually had a report that said we had a net loss of jobs in May if not for some major “adjustments.” I commented last January on how the BLS reported a gain of 292,000 jobs for December, while only 11,000 of those were real jobs. The rest were upward statistical “adjustments” due to the unseasonably warm winter. Then I noted that the previous year, the BLS had adjusted jobs upward by about the same amount due to the unseasonably cold winter.
What is stunning is not the fact that BLS reports are complete fabrications, but that no one commented on how the upward revisions from actual to “adjusted” jobs was about the same amount each year for completely opposite reasons. What’s stunning is how many people in the financial industry and the financial media continue to put stock in these statistics, which are meaningless because of how arbitrary and inconsistent the adjustments are. Yet, these manipulated job numbers are routinely reported as if they are simple facts.
Apparently, even the Bureau of Lying Statistics was not able to find sufficient reasons to pump the numbers up enough this month to make May look good because they said there were no special factors related to the sharp fall in the jobs market. You know things must be bad when the BLS runs out of BS.
As Jim Quinn continued,
When you see lies, misinformation and deceitfulness at this level, you have to ask yourself whether this entire debt supported house of cards is about to fall. The smell of desperation is in the air. The MSM stories about a booming economy are rolled out on a daily basis. Meanwhile, the average family is being crushed by Obamacare, rising rents, rising food costs, and no interest on any savings they might have left.
Those dismal readings came in as the Fed reported that inflation is keeping its head down (because rising inflation would force the Fed to pull back hard on the interest stick and stall the Recovery. The Fed, however, formulates its inflation readings by factoring out most of the things households pay more for, such as health-care costs, and by having people guess at the rental value of the homes they are buying as a way of determining housing costs, even though most people have no educated basis for knowing the rental value of the home they are buying.
Economists — lately the worst people for seeing a recession when it is coming (or even after it is here) –expected jobs to rise by 164,000, so they were off by more than 400%, even with all the help from BLS adjustments. Not surprising. If you want to be guided forward those who couldn’t even see the Great Recession when it had already arrived, do so at your own peril.
Here are the basics: we need about 200,000 new jobs a month just to keep up with population growth due to birth and immigration. The monthly average over the last three months has been barely over half that much at 116,000 jobs added to the economy per month. Last year’s pace was almost double that at 229,000 jobs a month, so you can see how much the jobs economy has fallen off this year. The very gauge Janet Yellen likely watches most on the “dashboard” she talks about has dropped by half since the Fed declared its first minuscule pull up in interest rates. That’s a severe drop in performance.
Keeping up with population growth is, however, a little different than keeping up with labor-force growth because it takes awhile for babies to enter the workforce. The Wall Street Journal recently calculated we need 145,000 jobs a month just to keep up with growth in the labor force as babies grow to working age, migrants enter, and retirees exit, leaving their jobs open for others. The monthly average in new jobs this year is clearly well below that, too.
#2 Unemployment benefit claims on the rise and also worse than expected
New jobless claims (unemployment-benefit claims) for May rose by 13,000 to a seasonally adjusted 277,000 new claims. Economists had expected claims to rise some, but not that much.
The number of people continuing on unemployment also rose by 45,000 to a total of 2.16 million, and the four-week moving average, which is the preferred measure, shifted from continued gradual improvement to a slight worsening, moving 1,000 people higher.
Belief that the Fed would raise rates in June or July was prevalent until the May jobs report punched a hole through one of the Recovery’s wings, changing everyone’s outlook, including the Fed’s.
Writes Joel Narroff on NewsMax,
Slowing job growth seems to have spooked the Fed and the members are becoming less certain about multiple rate hikes this year.
Instead of just one FOMC member expecting only one interest-rate hike this year, there are now six. So, the Recovery’s attitude has shifted considerably in just one week because of this bolide through its wing.
The “quits rate” also shifted from slowly rising to slowly falling. Seen as an indicator of how confident people are about the jobs market, the “quits rate” tracks how many people quit their jobs, perhaps because they got a better job offer or because they have decided to retire, or whatever. It has been moving up for years, but slumped this week into a marginal decline.
#3 Fed Labor Market Condition Index crashes
In 2014, Chairman Yellen, head of our central economic (or is that comic?) planners, said,
Federal Reserve Board staff developed a labor market conditions index from 19 labor market indicators…. This broadly based metric supports the conclusion that the labor market has improved significantly over the past year. (Zero Hedge)
Not wanting to admit the Fed’s recovery has failed, Yellen said this month that the Labor Market Conditions Index is “experimental.” It’s not saying what they want, so now it is relegated to the “experimental” box because it looks, frankly, horrible. It has moved rapidly from slightly positive at the start of the year to a -5 at present, its worst level in years.
As you can see, the last time the Fed’s LMCI dipped this low, we were just entering the Great Recession. The time before that, we were about to enter the dot-com bust. Drops to this level usually indicate we have just started a recession or are about to enter one. If you look closely at the chart above, you can see that the LMCI began to dive at the end of 2015 exactly when the Fed made its first minuscule tug back on the stick to raise interest rates.
#4 Wages are falling again, too
Lance Roberts writes on his Real Investment Advice that the Fed has found the end of the road:
Despite the rhetoric of stronger employment and economic growth – plunging imports and exports, falling corporate profits, collapsing manufacturing and falling wages all suggest the economy is in no shape to withstand tighter monetary policy at this juncture.
Of course, if the Fed openly suggested a “recession” could well be in the cards, the markets would sell off sharply, consumer confidence would drop and a recession would be pulled forward to the present
The Fed cannot come out and say we are entering a recession without its words becoming a self-fulfilling prophecy. Roberts also points out that the Fed has just released its lowest projections for future US GDP since 2012. To make matters worse, the Fed’s projections notoriously overshoot reality.
The Fed has said many times that the final sign of solid recovery they are looking for is a rise in wages. So, the fact that wages started dropping almost as soon as they appeared to be rising has to leave Fed’s Board of Governors feeling a little queasy about pitch and yaw in the Recovery’s flight.
Adjusted for inflation, wages dropped 0.1% in April and remained completely flat in May.
#5 The jobs that have been added under Obama are worse than the jobs they replaced
As Zero Hedge reported, the US added a net 455,000 waiters and bartenders since the close of 2014 while it lost a net 10,000 manufacturing jobs.
A longer-term look at the change in employment demographics since the start of the Great Recession reveals that the number of waiters and bartenders has risen by 1.6 million while the number of manufacturing workers has dropped by 1.5 million — almost an equal displacement.
As I have reported a couple of times, the number of new immigrants during Obama’s reign is roughly equal to the number of new jobs added under Obama, so do the math as to where all of the new lower-paying jobs have gone as Americans who had better jobs have been continually exiting the work force (probably because they’re not willing to take the pay cuts necessary to compete for these new jobs). The peasant economy is recovering, as is the wealth of the top 10%. The American Middle Class, however, was kicked off the plane, disembarking through the tail door while immigrants boarded through the front door, whether they had tickets or not.
The problem got worse in May, which saw a broad decline in jobs across half of the job sectors measured. Most of the actual job gains that made up May’s paltry job gains came from Obamacare. 67,000 jobs were added under Education and Health. 13,000 were added under Government. 11,000 under Leisure and Hospitality, and the Finance world did OK with a gain of about 9,000 while Manufacturing, Wholesale, Mining and Logging, Construction and Temp Help all saw losses. Information, which would include the computer industry, also saw large losses. Healthcare jobs, however, gained enough to pull the net job figures from what would have been a loss in May to the meager reported gain of 38,000 jobs.
May saw a net loss of 59,000 full-time jobs and a net gain of 118,000 part-time jobs, which are counted with the same weight as full-time jobs.
This time it wasn’t the weather.
In every respect, when you dig through the details, the Fed’s job report card gave the Fed a grade “D” for “Dismal.” In the face of that, there was not a chance in the world the Fed’s flight crew would find themselves able to raise interest. They can crow all they want about how they’re going to in order to try to maintain the illusion of recovery, but their dashboard is blinking a lot of red lights. The stall buzzer is screaming, and the altimeter for jobs is rapidly falling now that growth has gone negative compared to the needs of the growing work force.
If Janet is yellin’ anything, it’s “Grab the golden parachutes!”
I would love to say “the Fed is dead,” but I’m afraid the monster at the helm lives on. Even though its recovery is falling out of the sky, hope dies hard. The failure of its fake recovery should bring about the Fed’s own execution since it brought all of this upon us with its policies of sloppy debt enticements and its bizarre notion that an economy can be built over an ever-expanding chasm of debt — a core idea so obviously stupid that it’s hard to believe the Fed can convince so many seemingly smart people to buy into it; but buy into it they still do … in spite of rampant signs of economic collapse everywhere in the world now and in spite of the fact that the Fed’s policy of saving the nation economically has only enriched the rich. We all know that, but we let them fumble on in the cockpit, blindfolded by their own ideas.