Hey! Did you hear the good news? We "only" lost 345,000 in May. Not so bad compared to the months before. Of course if we had those numbers at this time last year folks would be pissing themselves and going home early to wash their clothes.
This reminds me of this stand up comedian I once saw, who was also a cop. He said, "I once pulled over a person for going through a stop sign. As I was writing him a ticket the driver told me, "but I slowed down". So I got out my nightstick and started hitting him over the head with it. Then I said to the driver, "Do you want me to stop? Or slow down?"“
What does this have to do with job losses? I don't know, but let me hit you over the head with a club and ask you if you want unemployment rate to stop or slow down.
AND any people that are finding work are probably finding it through government. Check this AP article:
An AP analysis of economic data from around the country shows that economic pain in a county decreases as the percentage of government workers in its work force rises. Facts and figures about some of the counties around the country enjoying relative prosperity because of heavy concentrations of government jobs http://www.google.com/hostednews/ap/article/ALeqM5hWGWWiFYlMXa4K9sZgwihe...
This "prosperity" will not last long as it doesn't create anything real in terms of output or production, all it does is add to our debt (state and federal, because taxes sure can't cover it all). And these government jobs don't even include GM, the banks and insurance companies that are now essentially run by our government.
And people are wondering why interest rates are going up. Well, there going up because people want a better rate for loaning to a government that is throwing money at everything and getting into businesses it knows nothing about. That's right! Despite what financial advisers are telling you, U.S. Treasuries are risky and the rising rate is starting to show that! So desperate are "they" to keep rates down, the Fed has to step in and buy with money they create by hitting a few keys into a computer.
While all of this is going on, the citizens of America are actually starting to save some money now. They realize that if they are going to want to buy something in the future they are going to have to save for it now (the old fashion way). But there seems to be a lot of confusion out there on how to save. If they try and save in dollars they get a terrible return from the banks, all the while their money seems to buy less and less. Food prices do not seem any cheaper (despite all of this "deflation"), and the price of gas is going up. And are the banks really as safe now as they say they are? On top of all of that, these same factors are happening more or less all over the world!
Options are starting to narrow down. It will come clear that the only way to save will be through precious metals. They represent NO debt. They are rare (compared to paper assets). They have a longer history of financial worth. They are shiny and pretty. Better also start your garden soon if you haven't already. I will try and write about food and gardening next time.
Chow.
PS. You may also may be interested in my other website: http://www.groupsurvival.com/
