Want the real truth about the economy - read this!

[Ugnmoose]

http://www.financialsense.com/stormwatch/update.htm

Jim Puplava does an excellent job of debunking the numbers in this recent update to his Stom Watch series. This is a must read for all those who might be wearing rosy colored glasses.

The takeaway for me after reading this is that I no longer believe anything that is reported by the government or put out in the mainstream press. It is sickening but even the fricking unemployment numbers are pure bull-shit!

I guess the one good thing is that along with everything else, I can't help but believing that Bush's polling numbers are being propped up. I think the recent poll in Arizona giving him a 34% reelect number is more indicative of his true popularity.

[Resistance Is Futile]

1. Beware

That site is run by gold bugs (fanatic gold investors). It is useful but is by no means gospel.

[leftyandproud]

4. hey

nothing wrong with a little precious metals...the only REAL money out there...Everything else is just paper...controlled by the morons running the show in washington now...Do you want to trust all of your assets to them? The one thing they can't inflate/deflate is the price of gold...It is SOLID..and stored value regardless.

now, to order, simply dial my toll free number:

1-800-...

heehee ;)

seriously, I think it's smart to own a little gold n silver...You can buy it on Ebay now

[muriel_volestrangler]

5. Since I've now found a 'gold enthusiast' at last

can I ask you a question: why is basing 'value' on a mineral that can be mined in certain countries, but not others, a sound way of underpinning an economy? Doesn't it give the activity of gold mining an absurd overimportance, and those countries a valuation in excess of their usefulness?

[mhr]

2. Also Read This Guest Editorial

http://www.financialsense.com/editorials/daily/2003/0926.html

Employment Disaster
by Kurt Richebächer
Contributor, The Daily Reckoning
September 25, 2003

There has been much talk to the effect that America has just had its slightest recession in the whole postwar period. That is measured in real GDP growth, being bolstered by many statistical tricks. Measured, however, by job losses, which certainly are the far more important gauge, it is already America's worst recession by far.

In June it was declared that the recession had ended in November 2001. Yet in the 20 months since, payroll employment has declined by a total of about 1 million jobs, or about 8%. In not one of the seven or eight postwar recoveries has there been any employment decline. Immediate strong job growth has been the regular characteristic of all business cycle recoveries. On average, payroll jobs increased 3.8% in the 20 months following the end of recession.

What's more, no letup in job losses is in sight. During the second quarter, widely hailed for its better-than-expected GDP growth, the household measure of employment slumped by 260,000. However, this figure concealed an even greater number of workers - 556,000 - who statistically quit the workforce because they have given up looking for nonexisting jobs.

This rapidly growing group of people no longer count as unemployed. What American job statistics really measure are not changes in unemployment, but changes in job seekers. Including the frustrated job seekers, the U.S. unemployment rate is hardly lower than in Europe. Certainly, it is rising much faster.

Snip ......

[catzies]

3. Puplava's wrap ups are in the Daily Stock Market Watch thread in LBN

Come to LBN every weekday moring and get a whole lot of educmacation and charts and graphs. Coffee, donuts and cartoons too. :thumbsup: