Friday, September 4, 2009

Take it with a grain of salt

Call me stupid but I have a difficult time understanding many articles written today. Take for example this Yahoo story that came out today. It is titled "Improving economy not likely to lower jobless rate". The article goes on to say...

"The economy is showing consistent signs of improvement, but probably not enough to stop employers from cutting jobs or to keep the unemployment rate from rising.

The Labor Department is expected to report Friday that the jobless rate increased to 9.5 percent in August, from 9.4 percent in July, as employers cut 225,000 jobs."

In my mind that would lead me to believe one of two things the first being improving for who, the second how can they claim the economy is improving at all if if more jobs are being lost each month. Common sense would dictate that unemployed people are apt to become errant in mortgage payments, credit card bills, etc.

I would also like to point out when reading the mainstream news you should take it with a grain of salt. The reason being the claim of 225,000 jobs cut and who owns the news? According to Business Week 298,000 jobs were shed in August.Do not fall for all the "official" claims and realize too that the method of producing these figures has changed to how can I phrase it? To be more government friendly? To protect you from reality? To deceive you? Pick a phrase.

As I said we must also examine who owns the news? This is Karl Denninger "The Market Ticker Guy" who is in disagreement with a mainstream news pundit Kneale at 4:42 mark (Owned by GE) This clip is a good example...

I believe Mr. Denninger to be an honest, highly intelligent individual that reports the truth. I have included a link to his site below you should bookmark it if you want the truth. He has many other articles on there today that you might want to check out.

The mainstream nightly news would also have you believe that taxpayers are making a profit from bailing out the banks. Take it with a grain of salt.

Lastly I have an article you might want to read about Ron Paul it can be accessed here. Outsider Ron Paul finds support for Fed Audit.

Yahoo - "Improving economy not likely to lower jobless rate"
Business Week- "298,000 Jobs Shed in August, ADP Says"
Yid with Lid - General Electric Investment In The Democrats About To Pay Off
WSJ - FHA loan losses spark concern
Zero Hedge - Real Unemployment Rate Hits 16.8%
TBI - The Scariest Job Charts Ever
Reuters - Bailout "profit" is taxpayers loss
Creators - Washingtons Lies
The coming economic depression - Federal Reserve makes $1M for only $230 Thousand
Yahoo - Outsider Ron Paul finds support for Fed Audit
MSNBC -   Some Truth shockingly Job Market Not Going to Improve until 2014

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