Economic Stories of Relevance in Today's World -- August 17, 2014

*** Hound Notes: What I want you to realize is that your way of life that you have grown accustomed to is over. Those of you who want to shuffle the deck chairs. Your freak out time is coming. Too bad you have refused that and won't realize it until that overwhelming time comes. We've already seen it all around us. Each of us know those people who have been overwhelmed. If you don't meditate and think this out, then you will be that person. The theme this week is Accepting Reality.

*** There currently aren't many stories to report because economic activity has slowed so much.

Cops Gone Wild - Paul Craig Roberts - August 15, 2014

NAFTA Is 20 Years Old – Here Are 20 Facts That Show How It Is Destroying The Economy - The Economic Collapse Blog - Michael Snyder - August 14th, 2014 - Back in the early 1990s, the North American Free Trade Agreement was one of the hottest political issues in the country.  When he was running for president in 1992, Bill Clinton promised that NAFTA would result in an increase in the number of high quality jobs for Americans that it would reduce illegal immigration.  Ross Perot warned that just the opposite would happen.  He warned that if NAFTA was implemented there would be a "giant sucking sound" as thousands of businesses and millions of jobs left this country.  Most Americans chose to believe Bill Clinton.  Well, it is 20 years later and it turns out that Perot was right and Clinton was dead wrong.  But now history is repeating itself, and most Americans don't even realize that it is happening.  As you will read about at the end of this article, Barack Obama has been negotiating a secret trade treaty that is being called "NAFTA on steroids", and if Congress adopts it we could lose millions more good paying jobs.                         It amazes me how the American people can fall for the same lies over and over again.  The lies that serial liar Barack Obama is telling about "free trade" and the globalization of the economy are the same lies that Bill Clinton was telling back in the early 1990s.  The following is an excerpt from a recent interview with Paul Craig Roberts...






Gerald Celente: Founder & Director of the Trends Research Institute - King World News Interview - August 15, 2014 -  Gerald has had a long track record of making some of the most controversial, yet correct calls in terms of global trends and events. (Interview Audio)

Geopolitics don't change from day-to-day. These are wars. Oil is going down because of lack of demand. Data on commodities show downward trends created by lack of demand. Global stagnation. WalMart is the barometer of the middle class of the nation. WalMart is seeing flat or declining store sales. He talks about a person from Wastchester County, New York and how they are struggling. Westchester County is one of the richest counties in the nation. Doesn't look like there is any way out. We will see another round of stimulus. Global Ponzi Scheme is on its deathbed. Ferguson, Missouri is the future of what is to come. People are going out of their minds and we see overreactions by the cops. We will see more and more desperate actions by desperate people, especially the leaders. The World is being led to war by sociopaths and psychopaths.

20140815 - Max Keiser Bitcoin & Current Geopolitics





The Geography Of Jobs: Mapping The Recovery - Tyler Durden - August 17, 2014 -
The current 'boom'in energy production, the hangover from the housing bubble, and the long-term decline in manufacturing employment are combining to shift the employment profile of the US economy. But as Deloitte Unioversity press notes, the national story of slow recovery obscures the more complicated regional picture: As is the case during most business cycles, the pace of recovery has been very uneven among the states. At present, only 16 states plus the District of Columbia have employment rates at least one percent higher than they were prior to the start of the recession. Overall, as the following chart shows, Americans have been struggling to find work, but some states and industries have had an easier time than others.