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And the government says there is no inflation..

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Written by opinionoregon

October 1, 2014 at 4:30 pm

Gov’t Unemployment Numbers Explained by Abbott and Costello

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COSTELLO: I want to talk about the unemployment rate in America.
 
ABBOTT: Good Subject. Terrible Times. It’s 7.8%.
 
COSTELLO: That many people are out of work?
 
ABBOTT: No, that’s 14.7%.
 
COSTELLO: You just said 7.8%.
 
ABBOTT: 7.8% Unemployed.
 
COSTELLO: Right 7.8% out of work.
 
ABBOTT: No, that’s 14.7%.
 
COSTELLO: Okay, so it’s 14.7% unemployed.
 
ABBOTT: No, that’s 7.8%.
 
COSTELLO: WAIT A MINUTE. Is it 7.8% or 14.7%?
 
ABBOTT: 7.8% are unemployed. 14.7% are out of work.
 
COSTELLO: If you are out of work, you are unemployed.
 
ABBOTT: No, Congress said you can’t count the “Out   of Work” as the unemployed. You have to look for work to be   unemployed.
 
COSTELLO: BUT THEY ARE OUT OF WORK!!!
 
ABBOTT: No, you miss his point.
 
COSTELLO: What point?
 
ABBOTT: Someone who doesn’t look for work can’t be   counted with those who look for work. It wouldn’t be fair.
 
COSTELLO: To whom?
 
ABBOTT: The unemployed.
 
COSTELLO: But ALL of them are out of work.
 
ABBOTT: No, the unemployed are actively looking for work.   Those who are out of work gave up looking and if you give up, you are no   longer in the ranks of the unemployed.
 
COSTELLO: So if you’re off the unemployment roles, that   would count as less unemployment?
 
ABBOTT: Unemployment would go down. Absolutely!
 
COSTELLO: The unemployment just goes down because you   don’t look for work?
 
ABBOTT: Absolutely it goes down. That’s how it gets to   7.8%. Otherwise it would be 14.7%.

COSTELLO: Wait, I got a question for you. That means there   are two ways to bring down the unemployment number?
 
ABBOTT: Two ways is correct.
 
COSTELLO: Unemployment can go down if someone gets a job?
 
ABBOTT: Correct.
 
COSTELLO: And unemployment can also go down if you stop   looking for a job?
 
ABBOTT: Bingo.
 
COSTELLO: So there are two ways to bring unemployment down,   and the easier of the two is to have people stop looking for work.
 
ABBOTT: Now you’re thinking like an Economist.
 
COSTELLO: I don’t even know what the hell I just   said!
 
ABBOTT: Now you’re thinking like Congress.

Written by opinionoregon

September 24, 2013 at 2:23 pm

Currency Wars: Americans are throwing gold and China is throwing paper

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currency war

Written by opinionoregon

May 8, 2013 at 3:31 pm

Your passport does not belong to you.

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Your passport is the property of the issuing government. Several circumstances exist under which authorities can cancel or confiscate your U.S. passport, or the State Department can refuse to issue or renew it:

  • If a federal court has issued a warrant for your arrest
  • If a federal or state court has ordered you not to leave the United States
  • If another country has requested your extradition
  • If you owe more than $2,500 in delinquent child support payments
  • If doubts arise about the legitimacy of your birthplace or naturalization as a U.S. citizen.

Even if none of these criteria apply, the list of reasons for the United States to confiscate or non-renew your passport is increasing:

  • The 2012 Highway Funding Bill eventually signed by President Obama contained a provision that would confiscate the passport of anyone with a “seriously delinquent tax debt.
  • In 2011, the State Department proposed a new “Biographical Questionnaire” that, if approved, you might have to complete to receive a passport. Among numerous other intrusive questions, the State Department wanted to know “if there were any religious or institutional recoding of your birth or event occurring around the time of birth (Example: baptism, circumcision, confirmation or other religious ceremony).”

Written by opinionoregon

April 9, 2013 at 2:58 pm

The last time the Dow was this high…..

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The last time the Dow was this high…

•Food stamp participation was 26 million, today it’s 48 million
•Gas was $2.75, today it’s $3.80
•Gold was $748, today it’s near $1,600
•U.S. National debt was 9 trillion, today we are at $16.4 trillion

How Low Will the Yen Go: Depression-Era Policies?

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How Low Will the Yen Go: Depression-Era Policies?

Written by opinionoregon

March 5, 2013 at 4:00 pm

Only 3 ways out of debt crisis and none are good.. Here are the choices.

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As of November 16 at 12:38:023 a.m. GMT,   the United States debt was   $16,248,670,479,820.44 or $51,767.45 per person, including for each  child. The debt has increased by billions of dollars a day for the last  several years. As your children grow, they become more indebted.

Only one of three outcomes is possible:

  • The debt can be paid through  massive inflation and taxation
  • The interest can continue to be paid through massive inflation and taxation
  • Repudiation of the debt

Even if the payment of principal were possible, what’s left of the US economy would be destroyed for many years to come. Politicians prefer to pay the interest  by placing a ruinous lien upon your children’s future earnings. The least palatable option to politicians is repudiation. Nevertheless, a de facto repudiation of debt may occur on a large scale simply because the money is running out. Indeed, repudiation happens in microcosm each time a city declares bankruptcy. But the process will be slow; government will grab every cent it can to keep its crumbling edifice erect.  What is next?  Nationalizing of retirement accounts.  It is in the works….