Thursday, December 13, 2012

Wow!

Yow! Wow! Kapow…good citizen, my fucking head just exploded!

(Oh, ‘Greetings’, by the way…)

The cause of said explosion?

(careful now…)
Fed Ties Rates to Joblessness, With Target of 6.5%

WASHINGTON — The Federal Reserve made it plain on Wednesday that job creation had become its primary focus, announcing that it planned to continue suppressing interest rates so long as the unemployment rate remained above 6.5 percent.

It was the first time the nation’s central bank had publicized such a specific economic objective, underscoring the depth of its concern about the persistence of what the Fed chairman, Ben S. Bernanke, called “a waste of human and economic potential.”

To help reduce unemployment, the Fed said it would also continue monthly purchases of $85 billion in Treasury securities and mortgage-backed securities until job market conditions improved, extending a policy announced in September.

But the Fed released new economic projections showing that most of its senior officials did not expect to reach the goal of 6.5 percent unemployment until the end of 2015, raising questions of why it was not moving to expand its economic stimulus campaign.

Last question could be directly related to the DINO in the White House and his >One Percent ‘handlers’…but that’s not the topic, is it?

No, sadly good citizen, what made my head blow up was the bold pronouncement of ‘The New Normal!’

Do you have a clue what 6.5 % of our 230 million person workforce is? (a number that is twice the size of the one the fed uses to measure the working aged population, but that’s another ‘problem’ closely associated with being treated like a mushroom!)

Bizarrely, the math calls for almost 70 MILLION working aged citizens to be ‘unemployed’ and that’s supposed to be ‘acceptable’?

IF we use the census’s table of working aged citizens…which isn’t how the Department of Labor counts the workforce…considering the 58% ‘labor force participation rate’ (and how 50% of that 58% is ‘part-time’) leaves us on some seriously shaky ground, good citizen.

Backtracking momentarily, we know full well why there hasn’t been an effective ‘economic stimulus’ launched…it’s the same reason why it wasn’t done 5 years ago…NO FUCKING CUSTOMERS!

Boosting sales here only increases demand over there, so it doesn’t do you any good here! (But the fucking quacks who call themselves ‘economists’ can’t figure that out!)

This is why they call it ‘pushing on a string’…something our bought and paid for media thinks we’re too stupid to understand…

Um, if this morning’s serious uptick in violence against law enforcement is any indication of the direction things are headed in, we don’t have much time left.

I’m referring to local incidents…which I am reasonably certain are being ‘echoed’ around the globe.

If it’s quiet where you are, enjoy it! (Just understand you’re the exception and not the rule!)

Those ‘holding pens’ Halliburton won the contract for are starting to look a lot more ominous considering the tendency towards ‘zero tolerance’ that is running in both directions (a certain recipe for a bloodbath!)

Perhaps we should bow our heads in memory of those brave souls who will gladly die on their feet rather than live on their knees in the upcoming battle of freedom vs. oppression…

Because this is the answer to today’s ‘declaration of war’ on the 99% by the One Percent’s toads in Washington.

(How sad is it that the top 20% remain clueless that they will be ‘thrown under the bus’ in a futile attempt to save the one percent’s ass?)

Well, does the ‘topmost dectile’ deserve better? No, it does not. They are the sheep who carried out the psychopaths’ orders without question…they will be the same ones who turned a deaf ear to the pleas for mercy of those they, er, ‘cut-off’ from the means of being able to support themselves and their families.

So shall we ‘turn a deaf ear’ to their pleas of ‘I had no choice, it was them or me!’

Sure sounds like a ‘choice’ to me, doesn’t it?

They just chose poorly.

And for that they must pay.

Thanks for letting me inside your head,

Gegner


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