If nearly 40% of Americans aren’t working, what are they doing?
The most recent jobs numbers masked a dark story. Unemployment held steady at 5.1%, but only 59.2% of Americans have a job. The difference is the unemployment rate only counts people who don’t have a job and are actively looking for one. The labour force participation rate is perhaps a more accurate gauge of the economy. It includes people who’ve given up, don’t want to, or can’t work, and it fell to 62.4% last quarter. Labour force participation has fallen steadily since the start of the recession, and years into the recovery shows no sign of turning around. It hasn’t been that low since 1977, and back then it was still common for women to be homemakers. The low labour force participation rate got Fed watchers talking that maybe an interest rate hike in December will be too soon. Full Story
Good question now answers it. Perhaps they are waiting for QE for the people. Many of them are working in the underground economy or working for cash job and some have just given up. The ones that have given up collect welfare or any other government handout they can qualify for. Some attempt to go to college and then abuse the loans they are supposed to use towards getting a higher education on buying crap they don’t need to impress people they don’t like. Whichever way you look at it, the outlook is far from positive. This economic recovery is the biggest lie that was ever told to the masses and the masses other than a few mutterings are not putting up any show of resistance. Hot money will continue to flood the markets creating the illusion that the economy is well when in fact, it is rotten. History illustrates that the masses never win, their sole purpose is to be used as cannon fodder and nothing has changed with the passage of time. As the game plan is to flood the economy with even more money, your strategy should be to view every strong pullback as a buying opportunity.
Russia is definitely not the enemy
REAL ENEMIES ARE a threat to any country, but imagined enemies can be even more dangerous. They sap resources, provoke needless conflicts, and divert attention from true challenges. The United States has constructed such a fantasy by turning Russia into an enemy.
For a brief period in the 1990s, it appeared that Russia had lost control over its own security. Stunned into paralysis by the collapse of the Soviet Union, and without any power to resist, Russians had to watch helplessly as NATO, their longtime enemy, established bases directly on their borders. Many in Washington believed that the United States had permanently broken Russian power. In their jubilation, they imagined that we would be able to keep our foot on Russia’s neck forever.
That was highly unrealistic. By pressing our advantage too strongly in the years after the Cold War, we guaranteed a nationalist reaction. President Vladimir Putin embodies it. He is popular in Russia because his people believe he is trying to claw back some of Russia’s lost power. For the same reason, he is demonised in Washington. Having Russia as an enemy is strangely comforting to Americans. It reassures us that the world has not really changed. That means we do not have to change our policies. Our back-to-the-future hostility toward Russia allows us to pull out our dusty Cold War playbook. We have resurrected not just that era’s anti-Moscow policies but also the hostile rhetoric that accompanied them.
This summer’s most extreme exaggeration of Russia’s power came not from an inveterate Cold Warrior like John McCain or Hillary Clinton but from the new chairman of our Joint Chiefs of Staff, General Joseph Dunford. At his Senate confirmation hearing in July, Dunford said Russia “could pose an existential threat to the United States.” He suggested that to defend ourselves, we should send aid to Ukrainians who want to fight Russia.
Statements like these are bizarre on several levels. First, Russia is a fundamentally weak country with a tottering economy. It is far from being able to compete with the United States, much less threaten it. Second, Russia is surrounded by American military bases, hears threats from the West every day, faces NATO guns on its borders, and therefore has reason to fear for its security. Third, by pushing Russia away, we are driving it toward China, thereby encouraging a partnership that could develop into a true threat to American power.
The most important reason it is folly to turn Russia into an enemy is more far-reaching than any of these. Europe remains stable only when all of its major countries are included in the process of governing, and each one’s security concerns are taken seriously.
The visionary Prince Metternich grasped this truth 200 years ago. Metternich was foreign minister of the Austrian Empire and mastermind of the Congress of Vienna, which was charged with reconstructing Europe after nearly a quarter-century of war. France was the villain. French armies under Napoleon had ravaged much of Europe. The anti-french sentiment was widespread and virulent. Delegates to the Congress of Vienna demanded harsh punishment for the troublemaker. Metternich resisted their pressure. He persuaded other leaders that in the interest of future stability, they must invite the miscreant back into the family. That kept Europe at peace for generations.
Emotion argues that Russia is a troublemaker because it refuses to play by our rules, and must be confronted and punished. The reason should reply that Russia is a legitimate power, cannot be expected to take orders from the West, and will not stand quietly while the United States promotes anti-Russia movements on its borders.
In our current standoff, Russia has at least one advantage: Its leaders are not foolish enough to consider the United States an existential threat. We would benefit from a bit of their realism.Full Story
One of the very stories that are worth reading and provides a realistic view of what is going on in Rusia. Russia is not our enemy. Officials have gone out of their way to paint that story because Russia is getting stronger and its economy is slowly moving out of oil and gas. Unlike the middle East, the Russians are extremely talented and bright, they have many other products that they can rely on. They have been gifted with an unusual amount of intelligence; there is no nation on earth that has been able to challenge the US other than Russia. Unlike the U.S which buys talent from all over the world, so our inventions are not even really American (whatever that is supposed to mean), Russia has relied on its own resources and brain power to come up with innovations. Just look at its military, it spends 1/10th of what we spend on weapons and yet it is strong enough to put the fear of God into the U.S. One should also note that no nation has defeated Russia on its territory in over a 1000 years.
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