A Doomsday View of 2012
James Petras
Introduction
The economic, political and social outlook for 2012 is profoundly negative. The almost universal consensus, even among mainstream orthodox economists is pessimistic regarding the world economy. Although, even here, their predictions understate the scope and depth of the crises, there are powerful reasons to believe that beginning in 2012, we are heading toward a steeper decline than what was experienced during the Great Recession of 2008 – 2009. With fewer resources, greater debt and increasing popular resistance to shouldering the burden of saving the capitalist system, the governments cannot bail out the system.
PermalinkAbandoned Youth - No More Future
By Michael Collins
If you are twenty four or younger, you are likely either under or unemployed. Only about 60% of those 16 to 24 years old are in the labor force (those employed or seeking jobs). Their unemployment rate is 18%.
For years, Money Party lackeys, our (s)elected officials, put out a propaganda line that said, Get an education or there's no future for you. Well, lots of people got a college or trade school education or on the job training and there are no jobs for them.
Here's why.
There has been no increase in jobs in the United States since 2000. In fact, the number of jobs relative to the total workforce has actually declined. Negative job growth for eleven years shows that the current economic system has failed miserably. Here's the ugly picture the rulers won't talk about.
Rude Awakening
by Stephen Lendman
In 2008, a protracted global depression began, criminally manufactured by Wall Street and Washington scoundrels, complicit with major European partners.
Why? To permit greater financial and other corporate consolidation, more power, and ability to buy favored assets cheap, profiting hugely at the expense of millions of working households.
At the same time, Washington's got it own agenda. As White House chief of staff, Rahm Emanuel (now Chicago's mayor) told the Wall Street Journal on November 6, 2008:
A Balanced Budget? Ha! What A Crock!
By Silver Shield
I made a call earlier this year that the debt ceiling would be raised after a Contrived Drama plays out in Washington. I became even more emphatic in April when I said that you can “Count On It!” The reason for my bold assertion is because I know that our debt based monetary system MUST have a constant expansion of debt in order to function. Our money IS debt and they are on in the same. Debt needs to be increased every year in excess of the debt AND interest accrued the year before or we would face a catastrophic deflationary crash. And since bankers profit from creating debt/money and politicians gain control from spending money/debt,they will not end this game willingly. They will put on a huge act to reign in our expectations,but this head fake will only result in a higher debt ceiling and QE3.
Questions for the Money Party - Why negative job growth for 11 years?
By Michael Collins
"The Money Party is a very small group of enterprises and individuals who control almost all of the money and power in the United States. They use their money and power to make more money and gain more power. It's not about Republicans versus Democrats. The Money Party is an equal opportunity employer. It has no permanent friends or enemies, just permanent interests. Democrats are as welcome as Republicans to this party. It’s all good when you’re on the take and the take is legal. "Economic Populist
Negative job growth for eleven years is the best evidence concerning our economic troubles. There were 135 million jobs in 2000 for a workforce of 144 million. Today, there are 139 million jobs for a workforce of 154 million. That represents negative job growth when you factor in population growth.
Job growth in this economy hit a dead calm in 2000 and is now moving backwards. If the issue isn't raised, how can we address the phenomena?
Inflation Hits Money and Lies
Joel S. Hirschhorn
How do the powerful keep the US population dumb and distracted? A key tactic has been using methodologies that produce totally misleading underestimates of key economic factors. First we learned that official unemployment figures are too low by a factor of two. Now, understand that the official rate of inflation hitting consumers is even more inaccurate. You will hear about a low inflation rate of less than 3 percent. In reality, it is closer to 10 percent, according to the highly regarded analysis by John Williams.
The Crazies versus the Sleepwalkers - Big Budget Showdown
The Republican crazies are in a celebrity death match with sleepwalking Democrats. It is a fabricated drama amounting to not much of anything in terms of the nation's well being. The stakes are supposedly the shutdown of the United States government at midnight this Friday. But the most pressing issue isn't discussed on Capitol Hill.
Why can't anyone in a position of power mention the unmentionable? There have been no net new jobs in the United States since 2000. There were 137 million employed citizens that year. There are 139 million employed citizens today. This comes into clear focus when you consider the size of the workforce for 2000 and 2010; 143 million versus 154 million respectively. There are actually fewer jobs in proportion to the workforce.
Isn't this a worthy topic? Shouldn't the story be carried nightly on a major network with a title like: Jobless America, Day 4112
The Money Party on the Road to Ruin
Michael Collins
The Money Party is destroying the United States. For ten years, there have been no new jobs with flat income. Unemployment and poverty are making a big comeback. The party consists of those who own and control concentrations of great wealth and the select few who serve them (their Mandarins). Based on the efficiency of the demolition job, you have to wonder, is this is by design? If greed, ignorance, and paranoia constitute a plan, then they are master planners. (Image)
Look at the glaring problems below. Then ask yourself, has there been one single program implemented to address any of these problems, just one? Our elected representatives enable the relentless process of driving down the United States. They bicker and fume at the edge of issues. However, when it comes to neglecting the real needs of citizens and the country, they are as one. All rewards and resources flow to their patrons and owners, the made men and women of The Money Party. We are nothing to them.
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