Stacy Summary: Mish was on a roll last night. Here are two good pieces he wrote:
Tags: emergency unemployment compensation · zero growth92 Comments
January 8th, 2010 by
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@snoot – the military may well be the employer of last resort for the next generation leaving school/university. The US unemployment number U6 (the one currently at 17.2% for Nov) includes but “employed part-time for economic reasons”, but maybe they need to add a U7 figure including those who “joined the army because no other choice available”
@ronron
If they give me Visa ie
And I definately will be in Vegas lol
Hic
or someother similar place
@ Tsar
“joined the army because no other choice available”
Then There is also that Govt. Census Jobs
3 mill I think – Peter Schiff was talkin about it.
@TsarCaustic:
It will be much different in my estimation. The term citizen will be a right to earn through decree of the state machine. College will be a reward for military service. Obama and Emanuel already stated as much: the Israel model will be the US model. Forced service for all.
You know: we are ‘one’.
The whole being made up of a body (this is international, suprasovereign btw) that incises that which is foreign or alien (individual human curiosity or agency) and operates in unison for the head.
We be the left foot.
And there will be no mercy seeing as the head sees with a clear-eyed vision. Rational you know. Rational as defined by the ‘wise ones’.
@Bonn yeah, govt jobs are the new safety net — how long until there are govt jobs that just pay “room and board” in lieu of salary?
@snoot scary, but maybe true. Apparently there is a clip of former Homeland Security head Tom Ridge talking about a proposal to use the no-fly list to restrict who could get a job… so no-fly becomes no-work as well. I can’t find the clip though so it may not be true. On the other hand the US govt already ties unrelated things together to restrict the “priviliges” of the citizenry, ie, things like no drivers licenses if you don’t register for the draft. It’s like you say, restricting the individual for the “greater good” as decided by the government.
Good Lord! Rahm Emanuel called his book, The Plan.
http://www.examiner.com/x-536-Civil-Liberties-Examiner~y2008m11d6-Obamas-chief-of-staff-choice-favors-compulsory-universal-service
Same name Geithththner gave his non-existent US economic recovery package.
@TsarCaustic:
This is not limited to the US. The Plan is global.
@Jim ODonnell Iceland has REAL democracy!!
Great link thanks for that. In the UK I wish we had a Prime Minister as good as the one they have in Iceland… He will be under allot of pressure from all sorts I bet.
Icelands status is Downgraded to Junk = Status Agency is JUNK
YEP I AGREE …. END!!
So are they gonna lie about jobs in the upcoming report?
yesterday was on the news that US is hiring cheap soldiers in AFrica. The cost only 500 dollar a month and have nothing to lose….
I like Mish’s reference to war adding to GDP. Cancer does too.
@ Mike Liverpool For Yooooou !
http://www.dailymail.co.uk/news/worldnews/article-1240988/France-tops-list-best-places-live-world-fifth-year-row–Britain-languishes-25th.html
@Tsar
Does it occur to you that i makes no sense to call the military ‘employer of last resort’. Wtf, if you can’t orgaanize or are to stupid lazy or fat to create your own wealth it makes sense to go out and kill people? I may be experinecing a dip but how can you people be such complete morons and not shit yourself all day?
@Mother,….Well said that man!!
@fibon
The US in front of the Netherlands? Wahahhahahahhaha!!!
@Henk:
GDP is an irrelevant term now. Stiglitz has indicated that the world sovereign reserves will be ‘pooled’ under one suprasovereign agent. I’m surprised Mish is unaware of this.
http://www.spiegel.de/international/business/0,1518,650532,00.html
http://www.twnside.org.sg/title2/finance/2009/twninfofinance20090407.htm
“Another recommendation that has received a lot of attention is the creation of a new global system of international reserves. It may be a new concept for some, but the economist Keynes had argued for this 75 years ago. His hoped at the Bretton Woods meeting in 1944 that the IMF would be able to serve as this global reserve system. Keynes failed to achieve his proposal because of a veto from the United States.
The time has now come to revisit Keynes’ original idea. Stiglitz said that it is in the interest of all countries to create such a reserve system. Global instability hurts all countries, and the accumulation of large reserves around the world also hurts all countries.
Stiglitz stressed that the institutional mechanisms and design of the proposed global reserve system need to be pursued in a manner that is non-inflationary and that will enhance global stability. The transition to this system can be done in a way that both maintains and enhances the durability and strength of the global financial system. It can be done either from a top-down or bottom-up approach.”
“Stiglitz stressed that the institutional mechanisms and design of the proposed global reserve system need to be pursued in a manner that is non-inflationary and that will enhance global stability.”
The Plan is being pursued through sdr expansion and viability under the umbrella of the IMF.
@snoot
It is just not going to happen. Money is labour and stuff, what souvereign country in its right mind will hand over all their labour and stuff to a supranational entity? They and what supranational army? But dream on..It is the intellectual makeable society syndrom.
sorry,Henk..I meant to address DanielS.
-85000
@MotherEarth:
Yes. It will if the combined forces of hell have their say.
http://inobscuro.com/portfolio/digital/phoenix.jpg
I’m quite surprised at your reaction. Your ideal post-industrial world is only possible without sovereign or individual agency: else we all perish in a carbon-flux. Right?
@snoot
leaping lizards… frozen sparrows falling out of trees is one thing… but… but falling iguanas!!!
http://news.yahoo.com/s/ap/20100108/ap_on_re_us/us_cold_florida_critters
@Mother Earth – nice to hear your opinion, your train of thought seems to be: “I don’t like what I heard, therefore I’ll resort to insult and call someone a moron”.
The military has in fact been the employer of last resort for a lot of people through the centuries and in a lot of different societies. Maybe sometimes because the people are fat and lazy as per your description, and maybe sometimes because the “government/king/dictator/banking cartel/random overlord” has arranged society to keep most people in an underprivileged and beaten down peasant class.
I don’t advocate that, anymore than I advocate 300 channels of Reality TV or eating food made in factories and distributed by Walmart/ASDA. Go ahead and call me a moron for that too if it makes you feel better about yourself while you’re in your “dip”.
You evidently have a pretty privileged life being able to spend time reading and writing on the internet, and addressing people that you don’t know in terms that you would never have the courage to do if you were face to face with them. There are a lot of people who don’t and haven’t and won’t have that kind of privilege. And they’re going to have to continue to struggle to find basic food and shelter, and a lot of them are going to end up being cannon fodder. Are you going to do anything about that other than pontificating on the internet and calling me an idiot for pointing it out?
http://futuresource.quote.com/charts/charts.jsp?s=GC%20G0&o=&a=V:60&z=800×550&d=LOW&b=bar&st=
Gold Futures Up
Tsar – yep, a lot of people volunteered for WWII “service” thinking they’d get a paid action-adventure vacation which sure beat being unemployed and called a coward.
Mish is one great blogger. Can’t get enough from him. MINUS 85,000 jobs in paradise USA in just one month ! This is a resounding proof that the FED should be closed down and the banksters arrested. END THE FED and put the bums in prison.
USA has been hold up by two dark forces. The miliatary- industrial complex and the banksters. Both work in tandem to suck out every drop of blood out of this country. It’s incredible. The warnings of Eisenhower were useless. Those of Kennedy also. When you look at what’s happening you know that the military and the empire are bleeding to death the country like in Roman times, like in imperial Russia, like any empire. Down with imperialism ! It never pays for a people to become an empire. Never.
@Daniel — I’m not sure what you’re trying to say there, I’ve never heard a WWI veteran describe things that way, but nevermind.
Here’s a google search for you:
“military recruitment up”
The first page of hits for me is all about how the US military saw record enlistments in 2009 as a direct result of the bad economy.
@Daniel — sorry – meant “WWII” in my previous post not “WWI”
@Marc,..The people have never become “the” empire, only a few, who realized a long time ago, how to manipulate “Joe Average”,..
go figure!! : )
@Dedo.
You should read about imperialism. The USA is indeed an imperial power even if it pretends being a republic. The Americains should stop pretending that are different from the russian, from the french or the british or spanish empire. The whole thing was disguised in globalisation mumbo jumbo. But absolutely, it’s an empire in a very sick state indeed. Empires in the long run are anti-economic. Don’t think that the russian, japaneese, european and chineese colonies will indefinitely finance the empire. It didn’t happen for the Romans or the Greek empire. And it won’t neither for the USA. There is always a limit. We are very close to it.
37 million Americans are now using food stamps.
Tsar – yes, people describe things differently afterwards, but at the time people were talking about how it’d be over in a few weeks and they’d get to see some of the world. Afterwards they say they went to stop Fascism, save the Jews and fight for freedoms blah blah, but American’s generally thought of that as the Jew’s and Europe’s problem and didn’t want to get involved until Pearl Harbor catalyzed them.
Money is labour and stuff, what souvereign country in its right mind will hand over all their labour and stuff to a supranational entity?
The point to the G20 system is that the regions called sovereign have ceded rights to the BIS through their central bank cooperation to the currency gyres. The reserves are becoming a proprietorial interest of the IMF banking interests through sdr allotments and voluntary trading vehicles.
Here come the cowbird eggs:
http://www.imf.org/external/pubs/ft/survey/so/2009/pol082809a.htm
http://www.sialis.org/cowbirds.htm
@Marc,….your reply seems rather skittish,.not unlike someone who feeds on information only to regurgitate it for others to feed on!
I’m sure you mean well,. : )
@Dedo.
An empire is an empire.
http://www.youtube.com/watch?v=C8QDMORWWPc
Ludwig Von Misses and imperialism. It’s about the best source I can think about imperialism.
@Stacy
Mish is still on a roll with this new piece:
href=”http://globaleconomicanalysis.blogspot.com/2010/01/jobs-contract-24th-straight-month.html” Jobs Contract 24th Straight Month; Unemployment Rate Stays At 10.0%
I suck at HTML
War is a racket. It always has been. It is possibly the oldest, easily the most profitable, surely the most vicious. It is the only one international in scope. It is the only one in which the profits are reckoned in dollars and the losses in lives.
A racket is best described, I believe, as something that is not what it seems to the majority of people. Only a small “inside” group knows what it is about. It is conducted for the benefit of the very few, at the expense of the very many. Out of war a few people make huge fortunes.
Major General Smedley D. Butler, USMC 1935.
2 time Congressional medal of honor recipient
@ dan s
‘until Pearl Harbor catalyzed them’
Seems every war the USA has been in was started by some ‘catalyzing event’
the lusitanania
the maine
the gulf of tonkin
pearl harbor
9/11
all specifically designed for their catalyzing properties.
The panic of 1837, a real estate bubble durring the expanse of the railroads created by a flood of bank paper, lead directly to the civil war. I think we are repeating this phase of history.
@Schralper,..If you put that together with Eisenhower’s speech, it doesn’t take a lot of working out!
http://www.youtube.com/watch?v=8y06NSBBRtY
@schralper
Smedley Butler, a hero for freedom!
http://www.bbc.co.uk/radio4/history/document/document_20070723.shtml
Prescot Bush, Du pont, goodyear, heintz, General mills, general motors, American Liberty League, hamburg-american airlines,
and other new world types were involved.
This is how forgotten histories become “conspiracy theories’.