he 23%-er "Double" no one mentions

   

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

From: Len Cranford

To: Richard Finley ; craig schommer ; ryder smith ; jb_campbell@yahoo.com ; patrick henry ; James Wickstrom ; darkmoon@darkmoon.me ; tommy ; Bill Conlin ; gvwyatt@gmail.com ; jimmylostinelko@gmail.com ; executioner@dreadwilliam.com ; pseudoskylax@gmail.com

Sent: Tuesday, August 12, 2014 5:07 PM

Subject: The 23%-er "Double" no one mentions;

http://market-ticker.org/akcs-www?post=229291

What Did You Expect?

Well, duh!

U.S. jobs pay an average 23% less today than they did before the 2008 recession, according to a new report released on Monday by the United States Conference of Mayors.

What did you expect, idiots?
You want, promote, elected and cheer on a Congress and President who have exactly two goals:

• Deficit spending -- that is, counterfeiting of the currency, albeit via legal means.  This makes the value in real terms of every dollar less.  Productivity and technology improvements should mean that each hour of labor buys more goods and services; that is, you need fewer hours of work to buy the same number of pounds of hamburger, shelter for your home, gallons of gasoline and surgeries in the local hospital.  The exact opposite has happened because the government had $5 trillion in unbacked currency issued by deficit spending in the system in 2007; today it has $12.57 trillion, or 2.5x as much.  That entire $7,570 billion, or over $22,000 per man, woman and child in this country, has come directly out of your hide and the worst of the impact has been taken by the poor and lower middle class.
• Asset (stock and home, specifically) prices are the only thing that matters. It does not matter if the "prices" result from ridiculous speculation or even fraud; intentionally inflated appraisals, derivatives and securities that are sold by banks as "good values" even when their own employees call them "vomit" internally, thousands of appraisers file a petition demanding an investigation of alleged extortion by lenders and agents demanding that they press values higher without response and more!  Further, that counterfeiting by definition pressures "asset prices" higher for the simple reason that when you can issue unbacked credit nobody has to actually back their hot checks to buy assets with money!

There is this common belief that one can have a "free lunch" but that is false; you can press price higher but if you're a common person and want to buy a house you want lower prices, just like you want lower prices for cars, steak, gasoline and medical care.
The only people who want those higher prices are those who wish to sell a greater sucker what they allegedly "own", even though they never put any real excess capital - that is, actual earned funds from economic activity - into their allegedly "owned" assets.
The problem is that by asset-stripping the ordinary person those prices become unsustainable; the only way the consumer can keep up the charade is by borrowing more and more money either directly or indirectly (e.g. via government handouts) and when the check is presented and cannot be paid for said behavior prices will correct -- violently -- toward value.

https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=8&cad=rja&uact=8&ved=0CEsQFjAH&url=http%3A%2F%2Fwww.opednews.com%2Farticles%2FReal-Unemployment-at-23--by-Michael-Collins-120909-358.html&ei=4KrqU_3_N8j4oATfuIGgCA&usg=AFQjCNGDuZiMLbfvI1bcvu22Ux7G-FpwqQ&bvm=bv.72938740,d.cGU

Real Unemployment at 23%shadowstats.com by John Williams - Shadow Government Statistics