The number of new jobs created in the US in June was the lowest in nine months as the employment recovery stalled, new data has shown. Only 18,000 new jobs were created in the month, way below expectations of a 90,000 rise, which had been raised by strong private sector hiring figures released on Thursday. The unemployment rate also rose, to 9.2% from 9.1% a month earlier.
President Obama: "We still have a long way to go to give people the security and opportunity they deserve" – What a joke! The masses have been kept so sedated by the Education and Entertainment media that they can’t add 2+2 and get the correct answer. Up till 2007, the media was harping about the greatest Economic miracle in history as Americans were all enjoying 8 Big Macs a day with 4 liters of Coke, 4 plasma TVs, 3 automobiles, and 18 year old Big Mac chefs were able to buy 3600 Square Foot McMansions! And then it was all over, and no one saw a sign of the pending doom before it happened! From such a plateau of prosperity the world has fallen so far that it can hardly find the ladder anymore on which to climb back up. So 3 years later now, the damage done has been so severe that it may be years and decades before Americans once again have the security and opportunity they deserve! It’s all hogwash! These politicians and economists are liars! If they did not see the problem developing, they will surely not be able to repair the damage. The unemployment in the US is closer to 20%, not the official 9.2%, and it will NEVER get better, you can take that to the bank, which may be the only thing he bank can’t steal from you – your knowledge and understanding! Things are going to keep on deteriorating and will eventually, perhaps suddenly collapse like the World Trade Towers on 9-11. It’s been 10 years since 9-11, have the World Trade Towers been rebuilt? Neither will the Economy be rebuilt, 10 years or 20 years from now!
For those Americans who have worked for decades with the hopes that their pensions, health care and other benefits would be there when they retire, we offer a glimpse into what the future may hold:
Cook County taxpayers are on the hook for a staggering amount of local debt, according to figures presented by Cook County Treasurer Maria Pappas today. Cook County’s numerous local governments face mounting debts totaling more than $108 billion. And, for the first time, specific figures have been collected for municipal unfunded pensions obligations totaling in excess of $25 billion, almost a quarter of debt countywide. The total figures translate into an average debt-per-household in the city of Chicago of $63,525, and $32,901 in the suburbs. “We knew that debt and unfunded pension obligations were serious problems at the state and federal level and assumed that a similar pattern would follow at the local level. But, quite frankly, I was stunned by the depth of the crisis for local governments,” said Pappas. “This goes well beyond big cities, where you expect financial challenges. These fiscal problems permeate townships, villages, school districts, park districts, fire protection districts and more, and the taxpayers are on the hook.”
AN FRANCISCO (MarketWatch) -- Top officials of the European Council, the European Central Bank and the European Commission willl hold an emergency meeting Monday to discuss the possibility that the debt crisis could spread to Italy from Greece, according to a media report Sunday. The meeting comes in the wake of the sharp sell-off in Italian assets on Friday, Reuters reported, citing three unnamed official sources. The emergency meeting will be held before a previously scheduled meeting of the euro zone's 17 finance ministers to discuss details of the second Greek bailout and bank stress-test results due Friday, Reuters said.
Everyone knows that the PIIGS nations (Portugal, Ireland, Italy, Greece and Spain) are the walking dead as far as their fiscal health is concerned. Yet the Powers that be cannot come out and admit this openly for then the charade of Economic Recovery will be stripped away and the markets will panic, banks runs will make the Great Depression banks runs look like a day at the beach. Yet denying the obvious, which politicians, bankers and traders all do to keep the facade intact is a tactic that is doomed for failure. But the FDIC guarantees all deposits - Hahahaha...LOL! Wait till the day comes when the masses will discover that the greatest bank robbers in the world are Banks not robbers!
By the way the PIIGS are by no means the exception to the rule, the biggest Pig at the trough is the US followed by the UK, France, Belgium, pretty much all Western Europe with the possible exception of Germany, Asian countries, especially India, Latin American countries, Canada, Australia, New Zealand, Japan, the whole world has been intoxicated on debt but the bottle has run dry and the day of the biggest Financial / Economic Hangover is about to dawn. But don’t worry your money is safe in a bank!
WAR BREWING IN PAKISTAN? / BBC: US suspends $800m of military aid
The US says it is withholding some $800m in military aid to Pakistan. White House Chief of Staff Bill Daley told ABC television that Pakistan had "taken some steps that have given us reason to pause on some of the aid".
By the sounds of it, the US is saying that Pakistan cannot be trusted and therefore military aid has been stopped. What good is MILITARY AID anyway to a country like Pakistan? Would the interests of one of the poorest nations on Earth not be better served by sending them food and medicine instead of military hardware?
And why is Pakistan not trusted, and how is it not trusted? The stories that have been circulating for some time are that Pakistan is a politically unstable nation and being a nuclear power, it may need to be controlled, which is Intelligence Code for need to be INVADED. So the plans are definitely in place to invade Pakistan to supposedly take control of their Nukes, which the US supplied to them in the first place. Déjà vu all over again? Just like the US had to invade Iraq to take control of the WMDs that the US sold Saddam in the first place, it now seems to be Pakistan’s turn for the same medicine! Pakistan is indeed unstable because it has been destabilized by covert Western Intelligence operations by the CIA and the British, and also by Indian Intelligence since the days of the elder Bhutto, father of recently assassinated Pakistani PM, Benazir Bhutto. So the destabilization of Pakistan, though indisputable, has been accomplished for the purpose of setting it up for an invasion, as in Iraq. This world is so insane that sometimes I wish I could fly away like David to a place far far away from here, like on the other side of the galaxy. I pity the people of Pakistan, most of whom are victims of evil powerbrokers sitting in places clear across the other side of the world from them. India, though now buddies with the US, better beware, this game will prove to be deadly for both Pakistan and India in the long run.
FAKE SCIENCE WITH REAL BILLS!
The Australian government has unveiled plans to impose a tax on carbon emissions for the worst polluters. Prime Minister Julia Gillard said carbon dioxide emissions would be taxed at A$23 ($25; £15) per tonne from 2012. The country's biggest economic reform in a generation will cover some 500 companies. In 2015, a market-based trading scheme will be introduced.
Welcome to the future where the very air you breathe will cost you a pretty penny, and if you don’t have the penny you die. Quite a simple plan really and utterly diabolical! Carbon taxes which are an utter fraud and a sign of greater totalitarianism than in Stalinist USSR are a clever way of separating more of the taxpayers’ from their money. This is happening even as the worst polluters in the world such as the US military – industrial complex and the nuclear industry spread deadly contaminants around the world with no oversight let alone accountability. Fukushima alone will contaminate the globe a million times more than all of the Australian population could in a million years!
The fact that we live in a world where these things may even be considered let alone be implemented proves the utter insanity of the leadership of this world and that of their subject serfs who quietly allow themselves to be enslaved as long as they have their beer to drink and their football to watch! G’day Mate, don’t forget to buy your air credits, Big Sister is watching!
July 10, 2011 – JAPAN – A 7.0 earthquake has struck off the east coast of Japan at a depth of 34 km, though the EMSC shows the quake as a7.1 at a much shallower depth of 10 km. Tsunami warnings have been issued for the region by the Japan Meteorological Agency. The agency issued the advisory for Iwate, Miyagi, and Fukushima prefectures. The earthquake epicenter was about from 212 km from Sendai, Honshu, Japan. We believe this might have taken some of the pressure off the Pacific plate around the Kermadec seismic plate swarm. Stay tuned… - The Extinction Protocol
Japan continues to be rocked by earthquakes, how long before another major one hits and compounds the damage already done in March? Can Fukushima survive another quake and Tsunami? How much greater is the potential for Nuclear cataclysm, not just for Japan but for the whole world with Japan being littered with nuclear reactors all along its coastal areas?