Raise the Minimum Wage to $43.17 But Keep the Money in the United States

“A very wise man. . . .”

“In Praise of Muscular Poets”

www.theamericanconservative.com/prufrock/in-praise-of-muscular-poets

  • Too much contemporary poetry still reflects the popularity of “theory” and exhibits the lack of experience that causes poets to replace emotional insight with verbal tricks and appropriation.
  • If it is unrelated to the nitty-gritty things of life like death, it is useless.

“Nineteen Eighty-Four

www.archive.org/details/ost-english-1984-george-orwell-1937-dystopia

  • It was a bright cold day in April, and the clocks were striking thirteen.
  • WAR IS PEACE . . . FREEDOM IS SLAVERY . . . IGNORANCE IS STRENGTH

“A very wise man . . . believed if a man were permitted to make all the ballads he need not care who should make the laws of a nation, and we find that most of the ancient legislators thought that they could not well reform the manners of any city without the help of a lyric, and sometimes of a dramatic poet.”  — Andrew Fletcher (1655-1716)

“Dollar to the Giant”

 

Sweat-stain genius, practical hands,
Built factories, built the goods, built the land.
First steps forgotten. History blind,
We’re connected to our roots by a credit line.

Wakening giant. Hunger and rice.
Caught the scent of our money, knew we wouldn’t fight.
Slippery giant. History wise.
Put down his guns, put on a friendly disguise.

We closed our eyes

And the Giant from the East woke up from a sleep, hunger for the heads of our young.
No suspicion of war, through the open door, manifest of Mao Tse-Tung.
Ulterior plans in the giant’s hands, steel cages hit our shores in a flood.
And all we received for a moment of greed was paid for with our children’s blood.

We gave up our future, families and friends.
Dollar to the giant, dollar never seen again.

Agreeable climate: pickpockets and noise.
The bankers jumped to the giant like little boys.
Economy experts selling their time,
But nothing made nothing. Can you spare a dime?

Productivity’s children sleeping in chains.
Giant kept our credit up, kept us entertained.
Fear-fallen children couldn’t say no.
Wouldn’t read label made in Chinese. Where did the money go?

Detoured discussion about manufacturing trade.
Instead we’re led to every trap the giant made.
The future decided at the giant’s store—
Took every dollar we had and loaned us money for more.

Who are we doing this for?

The Giant from the East, a billion-head beast, feeding on the hopes of our young.
No resemblance of war, through the open door, mannequins of Mao Tse-Tung.
Invisible plans in the giant’s hands, temptation hit our stores in a flood.
And all we received for bargains we believed was paid for with our children’s blood.

We traded in our future, families and friends.
Dollar to the giant, dollar never seen again.

Reckoning rust. Factory line.
Lost-dream memory of a better time.
All the signs say this choice was Made in USA—
Too numb to know it didn’t have to be this way.

 

www.facebook.com/BobHall2016

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Funny how the politicians that kneel at the feet of the corporations inadvertently stuck it to these corporations.

I’ve been saying it here for two years now since I realized what was going on.

This game of musical countries is actually increasing global poverty, and it will happen in every country that it touches whether it be America, Brazil, China, India, or Russia and the many other countries that embrace it.

Basically what happens is we first create a middle class, and we did that here in America, and in Europe.

free_trade_results

Study that chart carefully as this is happening in every country.

As you can see, the free trade agreements initially did create more and more jobs from the mid 1970′s until around 2000 or so.

But then people like these decided that they would jump start the middle class in other countries, and people like you bought into this little charade hook, line, and sinker.

The U.S.-based CEO of one of the world’s largest hedge funds told me that his firm’s investment committee often discusses the question of who wins and who loses in today’s economy. In a recent internal debate, he said, one of his senior colleagues had argued that the hollowing-out of the American middle class didn’t really matter. “His point was that if the transformation of the world economy lifts four people in China and India out of poverty and into the middle class, and meanwhile means one American drops out of the middle class, that’s not such a bad trade,” the CEO recalled.

http://keepamericaatwork.com/?page_id=263665

I can’t blame this just on Wall Street, because everybody from mom and pop to small businesses to large corporations all saw dollar signs at the expense of their country, and who cares about your country when you are chasing gold?

Click here to see proof of the different groups that have taken part in promoting this game of musical countries.

As you can see, we no longer are creating jobs in America, and Europe is experiencing the same.

And we are increasing unemployment.

And our largest corporations are beginning to find out that what old Sam Walton told them a long time ago is true.

There is only one boss. The customer. And he can fire everybody in the company from the chairman on down, simply by spending his money somewhere else.
Read more at http://www.brainyquote.com/quotes/quotes/s/samwalton146810.html#TR2vbLXRDL1o4270.99
I say they are beginning to see that they have nothing without their customer and the politicians have stuck it to the corporations because of this.
“Despite a holiday season that delivered positive comps, two factors contributed to lower comp sales performance for the 14-week period for Walmart U.S.,” Holley explained. “First, the sales impact from the reduction in SNAP (the U.S. government Supplemental Nutrition Assistance Program) benefits that went into effect Nov. 1 is greater than we expected. And, second, eight named winter storms resulted in store closures that impacted traffic throughout the quarter.
Folks, there will always be a small percentage of any population that will be reliant on the support of their community, or country, and there is nothing wrong with that.
But where we are going wrong is we have forced 30 to 40% of our population into being dependent on their country, not through any fault of their own, but through our own ignorance simply because we are too stupid and arrogant to open our eyes and realize that it is us sending our jobs offshore that is forcing this increase in unemployment.
Just as the wall street types, and the mom and pop’s that I described above have forced employment down, and unemployment up in a quest to create more middle class in other countries, the following types are actively working to destroy the new middle class in the other countries.

“We have been seeing wage inflation over the past several months,’’ said Chris Ruffle, who helps manage $19 billion as China co-chairman of Martin Currie Ltd. Rising salaries may prompt businesses that operate plants in China to move to lower-cost countries such as Vietnam and Cambodia, Ruffle said

You can view that article at http://keepamericaatwork.com/?p=8775

and some other examples:

Cambodia’s low wages lure manufacturers away from China, other countries
http://articles.washingtonpost.com/2013-01-07/world/36208078_1_factory-wages-foreign-direct-investment-thai-border

The 3 Countries Stealing China’s Business
http://www.fool.com/investing/general/2013/06/15/the-3-countries-stealing-chinas-business.aspx

Corporations Are Moving Out Of China To Even Lower Wage Countries
http://archives.politicususa.com/2011/05/17/china-move-out.html

Basically, in a nutshell, the chart above will be repeated in every country that this game of musical countries touches.

And we can end this game immediately, AND have global trade at the same time simply by enacting these three simple rules in each country that has a Free Trade Agreement:

 

  1. It is OK to grow, raise or manufacture your products here in America and sell them to other countries and the same applies to those countries.
  2. It is OK to open retail or manufacturing branches in other countries to offset the shipping problems as long as you hire the locals to work in those countries.
  3. It is NOT OK to put the people in your country out of work, send the growing, raising or manufacturing to another country and then import those products back into your country.
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You know, if I were in the Top 1%, I might pay a lot of money to keep my tax dollars from supporting the knucklehead who wrote this.

l would love to be able to say “put up or shut up” and have it make sense, but our American character has gotten as rusty as our American clichés, so I can’t recommend we “put up” unless we grow up — again.

Grow Up or Shut Up.

I won’t name names because there are way too many, but I will ask you to weigh the damage done by these so-called grown-ups who fuss and whine to get their way without ever considering the other man’s point of view.

In the struggle between Us and Them, every one of us is Both.

What healthy corporation would not want to leave the U.S.?  What poor people would not hate rich people?

Etc.

Not a day goes by that I don’t read something and think, “You know, if I were in the Top 1%, I might pay a lot of money to keep my tax dollars from supporting the knucklehead who wrote this.”

OK, I’ll take it back and name just one name to make a point: Ralph Nader.  My regular readers know that I admire Mr. Nader a great deal, but I think it’s a mistake to never question whether the “unreasonable man’s” many accomplishments have come at unreasonable cost to our nation.  There was a time, not so very long ago, and we still had a healthy trade surplus, when American manufacturers were bludgeoned, without mercy, by the Left — led by Ralph Nader.  Eventually, corporate America learned to defend itself.

And the results are what you see today.

If “Us” are Americans, and “Them” are Americans, we should avoid taking up positions that could leave blood on our hands.

If we’re all Americans, we’re all in this together.

What’s wrong with that?

www.facebook.com/BobHall2016


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Tom Stengle and Tony Sznoluch – Are you proud of your work with the Department of Labor?

I ask that question because of this:

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT

SEASONALLY ADJUSTED DATA

In the week ending January 25, the advance figure for seasonally adjusted initial claims was 348,000, an increase of 19,000 from the previous week’s revised figure of 329,000. The 4-week moving average was 333,000, an increase of 750 from the previous week’s revised average of 332,250.

The advance seasonally adjusted insured unemployment rate was 2.3 percent for the week ending January 18, unchanged from the prior week’s unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending January 18 was 2,991,000, a decrease of 16,000 from the preceding week’s revised level of 3,007,000. The 4-week moving average was 2,970,250, an increase of 43,500 from the preceding week’s revised average of 2,926,750.

UNADJUSTED DATA

The advance number of actual initial claims under state programs, unadjusted, totaled 354,604 in the week ending January 25, a decrease of 59,707 from the previous week. There were 369,480 initial claims in the comparable week in 2013.

The advance unadjusted insured unemployment rate was 2.6 percent during the week ending January 18, a decrease of 0.1 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 3,445,204, a decrease of 60,438 from the preceding week. A year earlier, the rate was 2.9 percent and the volume was 3,678,926.

The total number of people claiming benefits in all programs for the week ending January 11 was 3,583,501, a decrease of 122,586 from the previous week. There were 5,916,993 persons claiming benefits in all programs in the comparable week in 2013.

No state was triggered “on” the Extended Benefits program during the week ending January 11.

Initial claims for UI benefits filed by former Federal civilian employees totaled 1,918 in the week ending January 18, a decrease of 309 from the prior week. There were 2,246 initial claims filed by newly discharged veterans, a decrease of 203 from the preceding week.

There were 23,789 former Federal civilian employees claiming UI benefits for the week ending January 11, an increase of 483 from the previous week. Newly discharged veterans claiming benefits totaled 32,686, an increase of 1,095 from the prior week.

The Emergency Unemployment Compensation (EUC) program expired on January 1, 2014, and under current law no EUC payments will be made for weeks of unemployment after this date.

The highest insured unemployment rates in the week ending January 11 were in Alaska (6.5), Connecticut (4.2), New Jersey (4.2), Puerto Rico (4.0), Pennsylvania (3.9), Rhode Island (3.9), Wisconsin (3.9), Illinois (3.8), Montana (3.7), and West Virginia (3.7).

The largest increases in initial claims for the week ending January 18 were in California (+11,708), Oregon (+1,239), Rhode Island (+304), and Virgin Islands (+7), while the largest decreases were in Pennsylvania (-16,595), Indiana (-10,740), Texas (-8,789), Georgia (-8,119), and Massachusetts (-5,863).

http://www.dol.gov/opa/media/press/eta/ui/current.htm

Yet my own research using your own departments Labor Force Participation Rate shows a totally different picture:

free_trade_results

Yep, you’re reading it right.

Employment is going down, and unemployment is going up.

Relax boys, I realize you don’t make policy and I’m well aware that the method of calculating the number was changed when wild bill was admiring his stogie while interns kneeled at his feet.

But your friends and neighbors and maybe even family are suffering while your supervisors are patting themselves on their backs for a job well done while people like these are losing everything.

unemployed

Hell, even Fox News is beginning to wake up as you can tell by this article.

And the people in this picture are beginning to form their own support groups because they know that your supervisors are not telling the truth.

Neighbors Helping Neighbors.

I’m proud of them for doing that.

But you poor folks.

Ya’ll are in a bad situation.

You can keep your jobs by keeping silent.

Or you can gain our respect by coming forward and identifying those who are guilty of forming the Tokyo Rose Globalization Propaganda Group that is forcing you to release numbers that you know in your heart are nowhere near accurate.

The decision would be simple, to me.

Perhaps that is why I can no longer find work even though your department tells the world that unemployment is getting better and we are creating jobs, which you and I know is no more accurate than Wild Bills aim.

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Today’s Top 13 Front Pages By Circulation

“Obama Seeks To Jump-Start Stalled Plans: President Vows Executive Action on Wages, Savings; GOP Warns He’s Overreaching”

The Wall Street Journal

“Obama Taking Up Economic Issues On His Authority: Targeting Disparities: Pledges ‘Year of Action’ Without the Need of Congress’s Help”

The New York Times

“‘Make this a year of action’: Obama pledges to help middle class without Congress”

USA Today

“‘America does not stand still’: In State of the Union, Obama calls on Congress to boost the middle class and vows to act on his own too”

Los Angeles Times

“State of the Union Address: Obama promises ‘action’”

San Jose Mercury News

“HORROR IN BEVERLY HILLS: British socialite and mom of two strips naked and leaps to her death a day after getting facelift”

New York Daily News

“Hammer-wielding madman ‘kills gal pal & her daughter for being witches’”

New York Post

“Obama: I won’t stand still”

The Washington Post

“Going Solo: Obama says he’ll use presidential powers to get around gridlocked Congress”

Chicago Sun-Times

“State of the Union Address: President to flex power”

The Denver Post

“An olive branch, and a challenge: President says he’s eager for Congress’ help but prepared to ‘go it alone’ on jobs, economy”

Chicago Tribune

“‘Opportunity is who we are’: Obama to press economic plans on his own”

The Dallas Morning News

“Obama on State of Union: We Can’t Stand Still: Vows to aid lower- and middle-class Americans — even if he has to act without Congress”

Newsday

“How Many Americans Does It Take To Pull a Plug?” — 337 views

www.youtube.com/watch?v=LJkcAxn5Bc4

“Bob Hall 2016″ — 140 likes

www.facebook.com/BobHall2016


 

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If you have a better idea — let’s hear it — so we can all do it — before it’s too late.

If you heard the President’s speech, you know this country needs me — or someone like me — in the White House by 2017.

Here’s what we can do right now:

“How Many Americans Does It Take To Pull a Plug?”

If you have a better idea — let’s hear it — so we can all do it — before it’s too late.

www.facebook.com/BobHall2016

[Transcript:]

 

No matter who you blame—Washington, Wall Street, the Big Banks, Globalization—they all have at least one thing in common: they all get all their power from us.

 

Even a young child knows: when a machine goes haywire and the controls don’t work, you don’t form a committee, you don’t stockpile ammunition, you pull the plug.

 

When a contractor doesn’t perform as agreed—and this applies to social contracts, as well—you withhold payment until he does the job you hired him to do.

 

Beginning right now, I will do my part as an American citizen—and the guy you could have voted for—to enforce the American agreement of democracy and prosperity, and to prevent a possible genocide.

 

I’m glad you don’t like that word.  For decades now, this country has been in the business of transferring existing wealth instead of producing new wealth.  When the wealth has all been transferred, finally—what happens then?

 

Beginning right now, you can do more than just complain and feel helpless.  You can pull a plug.  Join me—follow me—in providing incentive by simply withholding payment:

 

  • Not another penny in income tax—personal or corporate.
  • Not another penny in payment of student loans.
  • Not another penny to any Big Bank—or to any corporation that has taken American money and betrayed American interests.

 

I am not saying we should all become irresponsible deadbeats.  I’m advocating a higher form of financial responsibility, one that considers the difference between virtue and vanity, virtue and cowardice.  When our democracy is acceptable, America’s real economy acceptable, when the game is no longer rigged against us, we should be delighted to once again extend our cooperation and financial support—under conditions acceptable to the common man.

 

Americans in a democracy are all common men.

 

Every day, somebody tells me our country is doomed, our children are doomed, there’s no future, not a thing we can do about it, and we shouldn’t even try.

 

They say America is in her final stages of disunity, that Americans couldn’t pull together now if their lives depended on it.

 

I say they’re wrong.


 

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Ours is the generation that stood by gawking while a handful of parasites and billionaires smashed it for their own benefit.

I woke up this morning — probably from a dream about the worst advice I ever received as a young man — with a bug to write something like “Advice for Young Men.”  As it turned out, most of today’s was already written and waiting.

Pete Seeger died yesterday.  His politics and activism are suddenly all the rage, so my contribution is this.  When I was a boy desperate to play the 5-string banjo, Pete Seeger’s book was the only instruction manual in existence.  We will never know how many artists (etc.) got their start with Seeger’s little book.  Making music makes us better people — making American music makes us better Americans — in wildly unforeseeable ways.  And somewhere in that book, if I remember correctly, Pete quotes an old-timer as saying:

“Notes?  Hell, there ain’t no notes on a banjo.  You just play it.”

Of additional interest today:

“Academy Fight Song”

www.thebaffler.com/past/academy_fight_song

  • We don’t pause to consider that maybe we’ve got the whole thing backwards — that the big universities expanded in their heyday to keep up with industry demand, not to build the middle class.
  • Ours is the generation that stood by gawking while a handful of parasites and billionaires smashed it for their own benefit.

I once (or twice?) said:

“The purpose of education is happiness, which is largely determined by our ability to know when we’re being lied to.”

It’s still true, I think, and I love that idealism.

On the other hand, “Academy Fight Song” might be saying that the purpose of education is to keep us from ever knowing when we’re being lied to.

If this is true, I have to admit that American schools are doing an excellent job.

Which brings me back to the beginning of this song and the worst advice I ever received as a young man.

www.facebook.com/BobHall2016


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Let the #revolution begin

Ever since I first created this chart where I multiply the population times the labor force participation rate, I’ve been looking for a way to create the same chart using the working population times the labor force participation rate.

Basically what they consider the “Civilian Labor Force”

free_trade_resultsI haven’t been able to find data from 1948 showing the civilian labor force population, but then I got to thinking that I did a analysis the other day using their data that they supplied for 1992, 2002, 2012, and 2022 and I decided that would show me what I wanted to know.

That data can be found in this article, and this article.

So I created the chart.

revolution

If you are unemployable like I appear to be, I believe the first thing you will notice is that there is ZERO improvement going into 2022.

Perhaps you are stronger than I am, but I don’t know that I can handle ten more years of this nightmare.

Can You?

For what it is worth, I feel for those that don’t have my skills because if I can’t find work, I can imagine what you are going through.

And I really feel for those in other countries that do not offer opportunity like we used too.

revolution

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We Recall the Holocaust: We Should Recognize Genocide in China Today

Obviously, this is the kind of life we want for ourselves and our loved ones.  This is what we’re supporting with our labor and our will — whether we choose how to spend our money or we let the governments carve a future for us.

On Tuesday evening, the President will make a speech.  All the (employed) multinational media are promoting this as some kind of big deal.  Maybe it is.  Careful listeners might hear the President claim to represent his nation’s real economy.

Maybe he does.

The multinational media will explain things to the satisfaction of the sated.  By Wednesday morning, Americans will have quietly returned to the business of becoming a colony.

There is nothing Americans won’t do for their children.

“China Sentences Legal Activist to 4 Years for Role in Protests”

www.nytimes.com/2014/01/26/world/asia/china-sentences-legal-activist-to-4-years-for-role-in-protests.html

  • A Chinese court sentenced a prominent legal activist to four years in prison Sunday in a case widely seen as a demonstration of the Communist Party leadership’s determination to quell any challenges to its hold on power.

“Sale of stake in outspoken Beijing News may turn it into ‘propaganda mouthpiece’”

[SCMP link -- January 27, 2014]
  • Beijing’s municipal propaganda department has taken over a stake in the city’s outspoken Beijing News daily newspaper. . . .

“We Recall the Holocaust: We Should Recognize Genocide in China Today”

www.theepochtimes.com/n3/473256-we-recall-the-holocaust-we-should-recognize-genocide-in-china-today

  • Less remembered are at least 38 million Chinese people killed by Mao Zedong.

No worries.

The Chinese are now so much like us, they plan to treat our people a whole lot better.

 
www.facebook.com/BobHall2016


 

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If you could show Richard Branson and his guests at Necker Island only two things, what would you show them?

For me, it would be these two things:

buried_where_signature2

 

 

And this:

vjb_brics_middle_class_downfall

 

The first one discusses the four corners of society philosophy that I’m attempting to get people to understand.

The second, while crudely drawn (I’m NOT an artist), shows the rise and fall of the white collar, and blue collar working class in each of the three countries.

Ignore the third bell curve on each line (to the right) as I want to explain that portion in person.

Those are my two things, and yes, they would fit on the bottom of a bar napkin.

What are your two things?

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Perhaps it is time for the financial analysts to wake up?

Olive Garden, Applebee’s struggle to stay relevant as consumers change dining habits

Casual dining is in some serious trouble.

Americans have been told for decades, in cheery voiceovers, that inexpensive sit-down meals at national chains meant “Eating good in the neighborhood,” where “It’s always Friday.” Every mall or major intersection was given a Chili’s, an Olive Garden or an Applebee’s – sometimes all three.

Yet the casual-dining industry has largely worn out its welcome. Customer traffic to these restaurants has declined in nine of the past 13 years, according to retail-research firm Black Box Intelligence. Even as the U.S. economy began healing and consumer spending recovered, beginning in 2010, same-store sales were stagnant, based on Black Box estimates.

In December, industry-wide sales at restaurants open at least a year slid by 2%, even as the unemployment rate hit a five-year low and the stock market hit all-time highs. For sure, harsh weather didn’t help, but that can’t account for tepid nationwide results.

http://finance.yahoo.com/blogs/michael-santoli/casual-dining-chains-struggle-to-adapt-to-changing-consumer-tastes-203955971.html

It is no wonder that people are confused.

After all, who do you trust?

Let me give you a little background.

When I am working on a software contract, I love to eat out.

Yet I haven’t worked since 2010 and I very seldom get to eat out except when I go to Kerrville every once in awhile.

Now I love to go to San Antonio to hit the electronics stores, the book stores, and to eat out.

Problem is, my old pickup won’t make it down there as the ball joints are gone, and the starter is on its last leg.

And I can’t afford a tank of gas to get there.

So let me show you what I see happening.

And this is a very simple observation that you can repeat yourself if you want to double check my math.

Find the population for America from 1948 till present day.

Get the labor force participation rate from 1948 till present day (use the december column to make it easy)

Now, create this chart.

free_trade_results

 

Now this particular analyst has bought the koolaide.

Hell, he has bought the store because he apparently believes the unemployment propaganda that Tokyo Rose is spewing to make you think the economy is getting better.

Now, I’m not an economist.

But if you give me access to accurate GDP numbers and accurate LABOR FORCE PARTICIPATION RATE numbers, and I can show you exactly how well the economy is doing.

As you can see by the above chart produced using the Labor Force Participation Rate numbers, unemployment is increasing, and employment is decreasing which makes me question the U-3 Numbers that the White House releases.

And you can read this article to see what I think of the GDP numbers if you want to do a little research, but I must warn you, it is not pretty.

Do you now understand why all retailers (food, beverage, and merchandise) are seeing declining sales all across America?

Well, maybe not beverage as I don’t know about you, but all of this stress from not being able to provide a living for myself is definitely making me thirsty in the evenings when I can afford it, which hasn’t been in the last week or so.

And probably not the next week or so either.

Yet our analysts continue to beat their war drums yelling from the roof tops their predictions that were built on a foundation provided by the Tokyo Rose Globalization Propaganda Group.

Shame, Shame, Shame.

I haven’t looked at this since 2008 as it has been that depressing, but this is my lifetime earnings.

I will have to research my figures from 2009 till 2011 as i don’t have the records in front of me, but the figures from 2012 are etched in my mind so this should give you a pretty good idea why our retailers sales revenues are declining.

After all, by my best estimate, there are nearly 36 million people going through what I’ve been through.

vjb_lifetime_earnings

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Some of them don’t think about you at all. Others are simply evil.

I grew up around entrepreneurs, lots of them — real characters, old-school, not these MBA clones — and the more my country forgets where it came from, the more I miss those guys.  They all had the same innate understanding of Life: that if you did things the easy way, you were missing the whole point.  It was fun to watch these alert, industrious Americans get rich enough to finally buy their way into high society, where they witnessed for the first time an inverse relationship between net worth and intelligence.

Speaking of which. . . .

I’ll showcase some diabolically seductive and demented misanthropy from our nation’s newspaper of record to support my theory that our policy makers, public intellectuals, and newspapers of record are far too comfortable to understand — or even care — why they are so comfortable, or where money — even their money — actually comes from.

And that’s giving them the benefit of the doubt.  Some of them don’t think about you at all.  Others are simply evil.  The following op-ed is practically a hanging offense.

“The Myth of Industrial Rebound”

www.nytimes.com/2014/01/26/opinion/sunday/rattner-the-myth-of-industrial-rebound.html

  • Manufacturing has been an emotional American touchstone since George Washington wore a wool suit that had been woven in Hartford, Conn., to his first inauguration to illustrate the importance of making stuff at home.

(I get to pick the bullet points.)

The eloquent sneak is Steven Rattner.  If you like, you can check his background and promise you’ll never believe a word he says.

 

www.facebook.com/BobHall2016


 

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How about a little challenge Peter Morici?

To argue otherwise is simply to be blind to facts and deaf to reason.
Read more: http://www.upi.com/Top_News/Analysis/Outside-View/2014/01/24/Obama-blind-to-facts-on-extended-unemployment-benefits/UPI-52531390570263/#ixzz2rWtVq4kN

After all, I am wondering if you are blind to facts and deaf to reason?

Now you are supposed to be an educated economist, while I’m merely an ole country bumpkin.

The following chart was prepared using the labor force participation rate and the population.

free_trade_results

Once we had those two numbers, it was a simple matter to see how many were employed, and how many were unemployed, was it not?

Can’t say that I’m an Obama lover anymore as he, or possibly his staff have done everything in their power to ignore what we are doing to Americans in America.

But I will say that apparently he understands what is happening in this chart whereas you do not appear to do so?

How about we add in the population?

After all, surely if we have employment going down, and unemployment going up, people must be leaving America by the boatloads?

What else could possibly explain that?

free_trade_2

I mean, physically, that is impossible is it not?

Unless of course the free trade agreements that you are a proponent of, are sending these peoples jobs offshore?

And then to think that you not only advocate sending their jobs offshore, but deny them the ability to take care of their families as well?

That is kind of like this guy sending peoples jobs offshore:

The U.S.-based CEO of one of the world’s largest hedge funds told me that his firm’s investment committee often discusses the question of who wins and who loses in today’s economy. In a recent internal debate, he said, one of his senior colleagues had argued that the hollowing-out of the American middle class didn’t really matter. “His point was that if the transformation of the world economy lifts four people in China and India out of poverty and into the middle class, and meanwhile means one American drops out of the middle class, that’s not such a bad trade,” the CEO recalled.
http://keepamericaatwork.com/?page_id=263665

And then making boatloads of money betting that the sub-prime mortgage bubble was going to pop.
All the while knowing that because you had done this, these poor folks would have no way to make their mortgage payments.

Me personally?

I consider that criminal, don’t you Mr. Morici?

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The $650 decline in the price of gold since it hit $1900 in September is the result of a manipulative effort designed both to protect the dollar from Quantitative Easing and to free up enough gold to satisfy Asian demands for delivery of gold purchases.

This is what happens when we listen to bad people:

  1. We stop producing.
  2. We support our enemies and competitors until we’re broke.
  3. Their children kill our children.

“The Hows and Whys of Gold Price Manipulation”

www.paulcraigroberts.org/2014/01/17/hows-whys-gold-price-manipulation

  • In the last few years the Asian markets — specifically and especially the Chinese — are demanding actual physical delivery of the bullion they buy.  This has created a sense of urgency among the Fed, Treasury and the bullion banks to utilize any means possible to flush out as many weak holders of gold as possible with orchestrated price declines in order to acquire physical gold that can be delivered to Asian buyers.  The $650 decline in the price of gold since it hit $1900 in September is the result of a manipulative effort designed both to protect the dollar from Quantitative Easing and to free up enough gold to satisfy Asian demands for delivery of gold purchases.

There is nothing funny about deindustrialization.

www.facebook.com/BobHall2016


 

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Benefits of Globalization: Americans Shooting Each Other

No need to complicate this.  I’m not on the multinationals’ payroll.  I don’t have an economically non-productive service job — in finance or journalism, for example — that drains my country’s lifeblood from an anonymous distance.

As fear replaces opportunity, fear becomes irrationality.

Our problem is not guns.  Our problem is trade.

We will continue to shoot at one another until we trade our guns for guillotines.

www.facebook.com/BobHall2016


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I wonder how many Americans complained about the economy and bought something foreign today.

I wonder how many Americans complained about the economy and bought something foreign today.

If a picture paints a thousand words, we should all take a road trip across America and record the economics we see, fingerpaints in fecal media, to reasonably prepare our children.

“The San Francisco-Oakland Bay Bridge: Basic Reforms for the Future

http://stran.senate.ca.gov/sites/stran.senate.ca.gov/files/DeWolkreportfinal.pdf

  • Although Californians were originally told the bridge would cost less than $1.4 billion dollars to build, that cost has grown by some 400 percent to almost $6.3 billion.  When Californians pay back the money borrowed and interest to finance the span by the years 2053-54, the bill is likely to be closer to $13 billion.
  • For the Chinese, the weld standards were “suggestions.”  For Caltrans [California Department of Transportation], they were a binding agreement.

“Walmart Fund to Support U.S. Manufacturing”

www.nytimes.com/2014/01/24/business/walmart-creates-10-million-fund-to-stimulate-american-manufacturing.html

  • [Let me get this straight: the country's most traitorous traders understand the importance of manufacturing, so they're committing 0.002 of profits to the fund and 0.02 of purchases to additional domestic goods?]

“Japan tells world to stand up to China or face consequences”

www.news.yahoo.com/japan-appeals-world-restrain-39-military-expansion-39-173227774.html

  • [This, too, is dangerous deception.  But who's going to believe that Japan isn't our good buddy or that Japan and China are in cahoots and Abe is just putting on a show?  Meanwhile, Asia continues to conquer the West.  Follow the money trail.  They got it from us.]

The fundamental requirement of a statesman is the ability to recognize the difference between a friend and an enemy.

Remember that.

www.facebook.com/BobHall2016

 


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The truth, as they see it, is a treat from the trainer, affection from an alpha, neither requiring particular integrity or introspection.

The more we bitch — the more we bark and howl — the better they like it.

One (of them) starts up and the rest (of us) join in.

A barking dog can amuse or annoy — and distract or distract.  A two- or three-ring circus of barking dogs can distract anyone from anything — for any useful purpose.

An endless parade of barking dogs can discourage any citizen from participating in life.

Barking dogs do not proclaim the truth, necessarily.

The truth, as they see it, is a treat from the trainer, affection from an alpha, neither requiring particular integrity or introspection.

We bark to calm the ruling dogs.

We bark to dissipate our vital energy.  We bark to shirk our civil disobedience.

Barking dogs do not bite.

Barking dogs do not think.

If they did, they would know when it’s appropriate to bite the hand that takes their food –

– and when it’s easier to die like noisy, toothless dogs.

www.facebook.com/BobHall2016


 

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Will preconceived notions prevent the executives and shareholders of IBM, McDonalds, and others from understanding what is happening to their future?

(Reuters) – IBM, the world’s largest technology services company, reported quarterly revenue that missed estimates for the fourth straight quarter, due to a steep fall in demand for servers and storage products in emerging markets such as China.

International Business Machines Corp shares fell 3.5 percent to $181.68 in after-hours trade.

Chief Executive Ginni Rometty said she and her team would forego their annual incentive payments for 2013, as IBM failed to grow revenue, especially in growth markets such as China.

Revenue in IBM’s hardware business, which includes server and storage products, fell for the ninth straight quarter as more companies switch to cloud computing services from traditional IT infrastructure.

IBM’s revenue also took a hit in emerging economies as a backlash against U.S. government spying contributed to plummeting demand. Asia-Pacific revenue fell 16 percent, while that from Brazil, Russia, India and China fell 14 percent in the quarter.

http://www.reuters.com/article/2014/01/21/us-ibm-results-idUSBREA0K1NP20140121

I have no sympathy for IBM’s shareholders.

After all, it is they who have allowed the management of IBM to stick it to their employees, and to their customers, and without those two, you have nothing but blood sucking parasites raping and pillaging the companies that they were entrusted to run.

Don’t believe me?

Do a little homework for a change.

Start here for a employee viewpoint.

Start here for a customer viewpoint.

As a matter of fact, you might want to read all of these articles.

Those of you with preconceived notions will say this is not happening.

But those of us that used to live the middle class lifestyle by working for our corporations can tell you with 100% certainty that is is happening and it is going to have an impact on the earnings of our corporations like McDonalds, and even Pearsons.

Today I wrote a email to the Secretary of Commerce disputing something she said in Davos today on CNBC, and I challenged her to make sure that the President of the United States of America saw it, but since they suffer from preconceived notions, I doubt it will make it past their delete key.

Which is why I’m going to publish it here.

That way the shareholders of our corporations, and the people of America can do their due diligence if they want too.

The question is, will they?

I was just listening to Mrs. Pritzker on CNBC in Davos where she stated that 90% of our customers are outside of the United States.

This is totally inaccurate.

While I will concede that 90% of our POTENTIAL customers are outside of the United States, if you use the population totals.

If you do your due diligence, you will find that America and Europe account for the majority of the demand among all countries.

As an example, let’s take a look at Infosys which is not even an American company, but accounts for the majority of software developers like myself being out of work.

Where do you think that the majority of their revenue comes from?

  • 63% North America
  • 22% Europe
  • 13% Rest of World
  • 2% India

http://keepamericaatwork.com/Our_Blog/?p=209393

In every corporation that I have reviewed, I find similar numbers.

Now let’s look at populations:

  • Nearly 1 billion in the United States and Europe, or democratic countries
  • A little over 1 billion in China which is a communist country by the way and will be using our money to be our foe in the future.
  • A little over 1 billion in India

Now let’s look at buying power:

  • 1 billion times an average wage of $50,000.00 per year in the democratic countries or  $50,000,000,000,000.00
  • 1 billion times an average wage of $5,470.00 per year in China or  $5,470,000,000,000.00
  • 1 billion times an average wage of $1,860.00 per year in India or $ $1,860,000,000,000.00

I believe all of us can see where the demand is, can’t we?

Would any of you care to tell me why we are destroying the demand in our global economy by doing this?

The U.S.-based CEO of one of the world’s largest hedge funds told me that his firm’s investment committee often discusses the question of who wins and who loses in today’s economy. In a recent internal debate, he said, one of his senior colleagues had argued that the hollowing-out of the American middle class didn’t really matter. “His point was that if the transformation of the world economy lifts four people in China and India out of poverty and into the middle class, and meanwhile means one American drops out of the middle class, that’s not such a bad trade,” the CEO recalled.

http://keepamericaatwork.com/?page_id=263665

I realize this is an attempt to create perpetual energy by jumpstarting the economies of other countries at the expense of the American and European economies.

That part is working, because believe you me, we are destroying the American economy on main street.

In 2002 I made $2,700 per week as a software consultant.

In 2012 I made $8,001 for the entire year on unemployment which has ended, and I can’t even buy an interview anymore, and don’t tell me that we hire veterans in America because I can’t even get a job at the local va hospital in Kerrville washing dirty skivvies.

I have our government which is supposed to be of the people, and for the people, to thank for that.

Problem is, your jumpstarting will not work because of corporate greed, and other issues in what I call our game of musical countries.

“We have been seeing wage inflation over the past several months,’’ said Chris Ruffle, who helps manage $19 billion as China co-chairman of Martin Currie Ltd. Rising salaries may prompt businesses that operate plants in China to move to lower-cost countries such as Vietnam and Cambodia, Ruffle said

Example 1 above

Examples 2, 3, and 4 follow

Cambodia’s low wages lure manufacturers away from China, other countries
http://articles.washingtonpost.com/2013-01-07/world/36208078_1_factory-wages-foreign-direct-investment-thai-border

The 3 Countries Stealing China’s Business
http://www.fool.com/investing/general/2013/06/15/the-3-countries-stealing-chinas-business.aspx

Corporations Are Moving Out Of China To Even Lower Wage Countries
http://archives.politicususa.com/2011/05/17/china-move-out.html

A tip of the hat to Bud for supplying these examples

Would any of you care to explain to me why we are throwing away our bird in hand for a bird in the bush?

  • $50,000,000,000,000.00 ( Bird in Hand )
  • $7,330,000,000,000.00 ( Bird in Bush ) Combined potential of China and India

Perhaps it is time that we all do our part to Keep America At Work?

Study those last two numbers carefully because they will show you why the global economy has stalled if you will just open your eyes and use your mind for something other than holding your ears up.

Oh yes, one additional question.

I have tried repeatedly to get this info in front of the White House and have failed every single time.

As you may have noticed, I cc’ed every email address I could find.

Which one of you will have the cajones to forward this email to the white house, or will all of you be complicit in making sure that the White house does not see this?

If so, you are wasting your time, because I’m bound and determined to find a way to get this message out there.

After all, MY FUTURE depends on it.

Respectfully,

Virgil Bierschwale

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