If you can move toward becoming more independent of the “system”, now would be a good time to do so.
* All comments may be directed to http://petersantilli.com/chat, or speak to Pete directly by calling during the live show at: 218-862-9829 Mon-Sat 10:00 am PST
Tuesday; October 22, 2013 - Los Angeles – 10:00 am
The Pete Santilli Show With Special Guest: Michael Snyder
Michael T. Snyder is a graduate of the McIntire School of Commerce at the University of Virginia and has a law degree from the University of Florida. He is an attorney that once worked in Washington D.C., but now he is a very active blogger and is also a respected researcher, writer, speaker and activist. You can follow him on The Economic Collapse blog: http://theeconomiccollapseblog.com/
How can big corporations be doing so well while most American families are having such a hard time? Isn’t their wealth supposed to “trickle down” to the rest of us? Unfortunately, that is not how the real world works. Today, most big corporations are trying to minimize the number of “expensive” American workers on their payrolls as much as they can. If the big corporation that is employing you can figure out a way to replace you with a worker in China or with a robot, it will probably do it. Corporations are in existence to maximize wealth for their shareholders, and most of the time the largest corporations are dominated by the monopoly men of the global elite.
By Michael Snyder, on October 22nd, 2013
The Obama administration and the mainstream media continue to insist that we are in the midst of an “economic recovery”, but that is a total joke. Does the chart posted below look like a recovery to you?…
Americans are leaving the labor force in droves. If the labor force participation rate was at the same level that it was when Obama first became president, the official unemployment rate would be up around 10 percent and everyone would be wondering when the “economic depression” would finally end.
It is funny how our perceptions of reality are so greatly shaped by what our televisions tell us to think.
Below I have posted a chart of the “inactivity rate” of U.S. men in the 25 to 54-year-old age group. As you can see, the percentage of men in their prime working years that are not employed and not considered to be unemployed either has been rising steadily…
We have millions upon millions of men just sitting around and doing essentially nothing. Not that women are doing so much better. In fact, the labor force participation rate for women is at a 24 year low.
Some people may be tempted to think that all of this is happening because more Americans are choosing to stay home and raise children. But that is not the case at all. In fact, in a previous article I showed that the marriage rate in the U.S. is at an all-time low and the birth rate for young women in this country is also at an all-time low.
People are not staying home because of family obligations. Rather, people are staying home because there aren’t enough jobs available.
And when Americans that are actually employed do lose their jobs, it is taking them a very, very long time to find another one. Just check out the following chart…
Once again, I must ask – does that look like a “recovery” to you?
Obama can say the word “recovery” as much as he would like, but that does not make it a reality.
So is anyone out there actually doing well?
Yes, as I have talked about frequently, some pockets of the country are doing quite nicely. In fact, government workers (think Washington D.C.) and finance workers (Wall Street, etc.) are tied for the lowest rates of unemployment in the nation (3.9 percent).
But for almost everyone else, things are very hard right now and poverty continues to grow.
Just today, I came across a recent study that discovered thatnearly half of all public students in the United States come from low income homes.
That is an incredible number.
But this is just the beginning of our problems. Our debt continues to grow by leaps and bounds and our big banks are engaging inextraordinarily reckless behavior. As Richard Russell recently discussed, it is only a matter of time before this entire house of cards comes tumbling down…
In this whole process, debt has been created to an extent never seen before in history. So far, the debt has been managed with super-low interest rates and borrowing. But the compounding process goes on, and the debt mountain continues to grow. So, to be brief, I see the theme of today as the “haves” doing whatever they have to — to remain in power.
The dangers in the background for the haves are the possibilities that (1) interest rates will begin to advance, and (2) inflation will rise and be so visible that even the common man will recognize it, and begin to protest, or even revolt and (3) the whole debt structure will rise so high that it will topple over of its own weight and take down the entire world economy with it.
So as bad as things are today, the truth is that they are far, far better than what is eventually coming.
If you want to get a glimpse of the future of the U.S. economy, just check out what has happened to Greece…
Greeks are on average almost 40 percent poorer than they were in 2008, data indicated, laying bare the impact of a brutal recession and austerity measures the government may be forced to extend into next year.
Gross disposable incomes fell 29.5 percent between the second quarters of 2008 and 2013, statistics service ELSTAT said on Tuesday. Adding in cumulative consumer price inflation over the same period takes the decline close to 40 percent.
As you can see from the charts posted above, our economy has never even come close to getting back to the level that we were at before the last financial crisis.
And now the next wave of the economic collapse is approaching.
Right now, Spain has an unemployment rate that is above 26 percent and Greece has an unemployment rate that is above 27 percent.
We will eventually be heading up toward those levels.
As millions of good paying jobs continue to be shipped overseas, and as technology continues to eliminate millions of our jobs, the unemployment situation in this country will continue to grow even worse.
And whenever the next great financial crisis inevitably strikes, that will greatly accelerate our employment problems.
If you can move toward becoming more independent of the “system”, now would be a good time to do so. The job that you have today may not be there next month or next year.
We are moving into the greatest period of economic instability in U.S. history.
Get ready for it while you still can.
Adam Kokesh UPDATE
Joining Pete today was Anthony Antinello, media representative for Adam Kokesh, with an update on Adam’s status while being held a political prisoner in Washington DC.
Broke on: October 4th 2013
by: jeffrey
Filed under: Blog
On July 4th Adam Kokesh did the most epic civil disobedience in modern history because he believes in liberty and that
self-defense is a civil right. click here to see the video.
On July 9th his home was raided and ransacked for 5 hours by over 50 officers with a tank and helicopters. click here to see the aftermath.
Since then, Adams team was sabotaged, all the money raised for legal defense was stolen.click here for the details.
Despite all that, he has been podcasting from jail. click here to see the podcast’s.
He and his team are working hard to use this opportunity to spread the message & raise awareness of jury nullification. for more info click here.
We need all the help we can get, email kim@adamvstheman.com if you want to volunteer.
Adams trial is coming up on Oct.24th & we are hosting a rally that evening in DC, to help out with that email salvi@adamvstheman.com & RSVP on the FB event page.
******************
FRESH OFF THE 21ST CENTURY WIRE
21st Century Wire says… Only a month and a half ago, dedicated francophile US Secretary of State John Kerry and French President François Hollande were beaming with excitement, as they shared a warm political bed together while planning a war with Syria. As they counted the coming cruise missile profits together, everything couldn’t have been more perfect. And then…The transatlantic romance is on the rocks, again. Washington DC’s insatiable international digital spy network, the NSA, has been caught collecting millions of electronic French letters and phone calls – in secret, and to stop terrorism. Or is it merely to justify billions in US government contract expenditures. Anyone above a fifth grade education level should really be able to figure that one out by now.A report was released this past Monday, detailing how the NSA has sucked in more than 70 million French phone records in one month.
Another violation. This is just the latest in a long list of long distance digital rape on the part of the United States. This week also saw how the NSA spy network has been used in order to gain advanced commercial intelligence on Mexico for years – and exposed as being all for the benefit of insider US business and investor interests. Whose surprised?
What an embarrassment for Monsieur Kerry, who has been tasked with making yet another weak case for the US government, by trying to explain away the illegal actions of his government. Left to do damage control, Kerry insists that France is still “one of our oldest allies in the world”, but protecting people from terrorism is so “very complicated, very challenging task.”
Not the world’s most convincing actor, John Kerry, is trying hard to act concerned about foreign privacy.
His chief concerns are as far from ethics and international law as one could imagine. Here’s what really upsetting Washington’s most interesting man:
“Will I still be invited for raclette (cheese) and champagne parties in Aix-en-Provence this spring?”
This will be burning on Kerry’s mind over the holidays.
Next, the Teflon Don (photo, left) ponders the scandal… never one to willingly take any responsibility for anything that might be construed as negative, Obama avoids the issue altogether. This is because there’s no room for America’s reputation when he’s so obsessed with looking out for his own.Rather than getting a executive statement from America’s salamander-n-chief, President Obama has instead opted to call Hollande in private to try and re-spin the issue, in what the White House has labeled as “recent disclosures in the press — some of which have distorted our activities and some of which raise legitimate questions for our friends and allies.”What Kerry and Obama fail to realise is that, outside of their own private France on the millionaire ski slopes of Chamonix and aboard the yachts in Cannes, the rest of the country could not give a toss about America’s inflated national security concerns, and will hate the American government for abusing their trust.
Hollande’s hands are tied on this one. Regardless, the backlash has already begun. According to RT, the French as pissed off in a big way:
France has called for an explanation for the “unacceptable” and “shocking” reports of NSA spying on French citizens. Leaked documents revealed the spy agency records millions of phone calls and monitors politicians and high-profile business people.
The US Ambassador to France Charles Rivkin was summoned by the French Foreign Ministry to account for the espionage allegations on Monday morning.
“I have immediately summoned the US ambassador and he will be received this morning at the Quai d’Orsay [the French Foreign Ministry],” French Foreign Minister Laurent Fabius told press. He added that “we must quickly assure that these practices aren’t repeated.”
The media scandal triggered a phone call between US President Barack Obama and French President Francois Hollande who, according to the White House, discussed “legitimate questions”raised by US “friends and allies” about how the surveillance capabilities are employed. Obama reportedly assured Hollande that the US was reviewing the way it gathers intelligence.
In addition, citing the report on French publication Le Monde, Interior Minister Manuel Valls spoke out on national television against US spy practices.
The US government is out of control and everyone knows it. Rather than dealing with the problem head on, and making correction to an illegal government operation, men like Barack Obama and John Kerry have chose instead to cover for themselves and the program. So no lesson learned.
That is Washington DC in a nutshell today – inept and unable to act honourably on the international theatre.
THE BUNKER NEWS BREAK COURTESY OF 21ST CENTURY WIRE
Episode 5 of Sunday Wire Radio Show with host Patrick Henningsen aired Sunday Oct 6th…This week’s theme: ‘Spies, Lies and Common Law’ This week THE SUNDAY WIRE talked with former MI5 whistleblower and author David Shayler, for a frank discussion about 9/11 and 7/7, as well as realities of Common Law in the 21st century, followed by regular contributor and pundit Basil Valentine and his rant on elitists in Britain. The final hour we spoke with Brian Gerrish of the UK Column to discuss the shadow state in Britain and elite’s plans for a OneWorld Government who are now constructing a corporate state in Europe and the US – this show is guaranteed to stimulate the mind!
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Previous Episodes: The Sunday Wire with Patrick Henningsen – September 29th – Episode #004 The Sunday Wire with Patrick Henningsen – September 22nd – Episode #003 The Sunday Wire with Patrick Henningsen – August 25th – Episode #002 The Sunday Wire with Patrick Henningsen – August 18th – Episode #001
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EPISODE #541 – Americans Leaving The Workforce In Droves Says Michael T. Snyder
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