Now and then//1929, 2009//the coming Depression. Part XV

By , July 26, 2011 7:04 pm

 

Now and then//1929, 2009//the coming Depression. Part XV

26 July 2011

The Depression Is Here

I have
not written on this series since last October; I would have loved nothing more
than to be SO WRONG that everyone would laugh at me. For almost two years I
wrote about a forthcoming DEPRESSION that would make the “Great Depression” of
1929 look and feel like a mild recession. Over the last year or so this
administration and the “left-wing” “bias” Obama loving main stream media has
talked down any possibility of a second dip in our recession. {Second
Dip/Recession}? My ass; We are in the beginning of a harsh depression, our
people in Congress known it, our banking system know it and the FED not only
knows it but will take the very steps that couldn’t get us out of the
Recession.

QE3 by
any definition is nothing more than a “bail-out” and will not work any better
than any of the previous bail-outs/stimulus have. In fact the next round of
bail-outs/stimulus or FED manipulation of the interest rates, required reserve
on hand and QE3 quantitative easing will in a very short time move unemployment
levels beyond those of the “Great Depression”. You must of course accept the
possibility that our actually unemployment rate today is in reality somewhere
between 19% and 22%.

Our elected officials (both parties) know what’s
going on, the main news media knows what’s going on, our banking
firms/investment firms know what’s going on and the Federal Reserve Board (and
chairman) certainly know what’s going on. The truth is, they can’t tell you, if
they did, they wouldn’t have a job the next day.

We will soon start
hearing from Washington and the economic experts that though it was a severe
and prolonged recession, yet nowhere near the 25% unemployment rate of the “Great
Depression”. Folks, please understand that the current unemployment rate of 9.2%
is a manipulated number which eliminated about a third of actual unemployed
from the unemployment rolls. The Bureau of Labor statistics drops “marginally
attached to the workforce” and “discouraged worker”, unemployment rate now goes
up to about 10.9%.

If we
now add the “part time” work force (over 15 million) our unemployment rate is
just barely under 15%.

If the “Bureau
of Labor Statistics” provided us with an unemployment rate which used the
formula that counts “long-term unemployed” (as was done prior 1992) the actual unemployment
rate today is as I stated, somewhere between 19%-22%.

The government
defines an unemployment rate of 25% as “Depression”. I have written since the summer
of 2009 (in this series) that we (if in fact not globally) would be in a full
blown depression between October 2011 and the summer of 2012.

And if
I am right, and we are in an unemployment rate of about 22%; then I have to
believe that what “Big Ben” at the Federal Reserve Board does next will
certainly put us in unemployment of 29%-32%.

Is it
just I saying this, who am I, a nobody. I’m not an economist, I have never
worked on Wall Street, I have never represented a banking or investment firm
nor called upon to advise government officials; But, I was born before World
War II ended, A Viet Nam Vet, I was in my 30’s during the gas lines of 73/74, I
survived the hard times of Carter. But most important I served DOD for 42 years
and I learned a lot, I’ve seen and lived the height of waste, the stupidity of
non-accountability and yet at the same time the best that the world had to
offer.

No’’, it is not just I
saying all this. If you never do anything else, do this; immediately stop believing
anything coming out of Washington; or at least, stop believing it without
verification. Start verifying all statistics through TechnoMetrica Market
Intelligence and Shadow Government Statistics. One of them has the unemployment
rate at 28.6% for the second week of July.

I would be amiss if I didn’t comment of the current
on-going fiasco on the “debt limit” discussions. The whole process (both
parties and the White House) is nothing more than a cover so that one side can
blame the other side for the forthcoming Depression.

Next week-I explain my thoughts on why this
depression will be global and set things in motion for global financial
regulations and controls.

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Oil, Oil and More Oil

By , July 22, 2011 7:05 pm

 

OIL—you better be sitting down when you read this!!

You “will” pay $5 a gallon + again and you won’t complain loud enough
to make a difference, RIGHT!

Here’s an astonishing read. Important and verifiable information:

About 6 months ago, the writer was watching a news program on oil
and one of the Forbes Bros. was the guest. The host said to Forbes, “I am
going to ask you a direct question and I would like a direct answer; how much
oil does the U.S. have in the ground?” Forbes did not miss a beat, he
said, “more than all the Middle East put together.” Please read
below.

The U. S. Geological Service issued a report in April 2008 that only scientists
and oil men knew was coming, but man was it big. It was a revised report
(hadn’t been updated since 1995) on how much oil was in this area of the
western 2/3 of North Dakota, western South Dakota, and extreme eastern Montana
….. Check THIS out:

The Bakken is the largest domestic oil discovery since Alaska ‘s
Prudhoe Bay, and has the potential to eliminate all American dependence on
foreign oil. The Energy Information Administration (EIA) estimates it at 503
billion barrels. Even if just 10% of the oil is recoverable… At $107 a
barrel, we’re looking at a resource base worth more than $5…3 trillion.

“When I first briefed legislators on this, you could
practically see their jaws hit the floor. They had no idea..” says Terry
Johnson, the Montana Legislature’s financial analyst.

“This sizable find is now the highest-producing onshore oil
field found in the past 56 years,” reports The Pittsburgh Post Gazette.
It’s a formation known as the Williston Basin, but is more commonly referred to
as the ‘Bakken’. It stretches from Northern Montana, through North Dakota and
into Canada. For years, U. S. Oil exploration has been considered a dead end.
Even the ‘Big Oil’ companies gave up searching for major oil wells decades ago.
However, a recent technological breakthrough has opened up the Bakken’s massive
reserves….. And we now have access of up to 500 billion barrels. And because
this is light, sweet oil, those billions of barrels will cost Americans just
$16 PER BARREL!

That’s enough crude to fully fuel the American economy for 2041
years straight. And if THAT didn’t throw you on the floor, then this next one
should – because it’s from 2006!

U. S. Oil Discovery- Largest Reserve in the World
.
Stansberry Report Online – 4/20/2006

Hidden 1,000 feet beneath the surface of the Rocky Mountains lies
the largest untapped oil reserve in the world. It is more than 2 TRILLION
barrels. On August 8, 2005, President Bush mandated its extraction. In three
and a half years of high oil prices none has been extracted. With this
motherload of oil why are we still fighting over off-shore drilling?

They reported this stunning news: We have more oil inside our
borders, than all the other proven reserves on earth. Here are the official
estimates:

– 8-times as much oil as Saudi Arabia

– 18-times as much oil as Iraq

– 21-times as much oil as Kuwait

– 22-times as much oil as Iran

– 500-times as much oil as Yemen

– and it’s all right here in the Western United States.

HOW can this BE? HOW can we NOT BE extracting this? Because the
environmentalists and others have blocked all efforts to help America become
independent of foreign oil! Again, we are letting a small group of people
dictate our lives and our economy…..WHY?

James Bartis, lead researcher with the study says we’ve got more oil in this
very compact area than the entire Middle East -more than 2 TRILLION barrels
untapped. That’s more than all the proven oil reserves of crude oil in the
world today, reports The Denver Post.

Don ‘t think ‘OPEC’ will drop its price – even with this find?
Think again! It’s all about the competitive marketplace, – it has to. Think
OPEC just might be funding the environmentalists?

Got your attention yet? Now, while you’re thinking about it, do this:

Pass this along. If you don’t take a little time to do this, then
you should stifle yourself the next time you complain about gas prices – by
doing NOTHING, you forfeit your right to complain.

Now I just wonder what would happen in this country if every one
of you sent this to every one in your address book.

By the way…this is all true. Check it out at the link below!!!

GOOGLE it, or follow this link. It will blow your mind.

http://www.usgs.gov/newsroom/article.asp?ID=1911

Guess what? The democrats took control of the house and senate in
2006. Amazing isn’t it?

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On Jobs and History

By , July 21, 2011 7:06 pm

21 July 21, 2011

“We have tried spending money. We
are spending more than we have ever spent before and it does not work…We have
never made good on our promise. I say after eight years of this administration
we have just as much unemployment as when we started. And an enormous debt to
boot!”

Then Secretary of the Treasury Henry Morgenthau in 1939 told
the House Ways and Means Committee:

No truer
words could be spoken today.

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