Days Of Revolt: The Death Of The American City

The Economic Collapse Is Now Spreading To All Sectors Of The Economy

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TPP Trade Deal Will Cost US 448,000 Jobs, Say Researchers

…The fact that any gains — however negligible — will come at the cost of non-TPP countries should be a warning to all nations of the world, especially those who do not stand to benefit from the agreement. Concerning predictions of actual job losses or gains, the researchers write, “TPP would lead to employment losses in all countries, with a total of 771,000 lost jobs. The United States would be the hardest hit, with a loss of 448,000 jobs.”…

http://www.activistpost.com/2016/01/tpp-trade-deal-will-cost-us-448000-jobs-say-researchers.html

Tell me again why Obama and the Republicans support the TPP.

Every phony leftist that peddled Barack Obama as a “progressive,” and every knave and fool in “Progressives for Obama” that spread rose petals at his feet in 2008, should do penance through five years of silence. The First Black President positioned himself “at the far right wing of his own Democratic Party” to pass his TPP rigged trade treaty. Only three Black congresspersons, and 25 other Democrats, joined with Obama and his Republicans…

http://www.jamesrgrangerjr.com/2015/06/25/obama-and-republicans-pass-tpp/

“Peddling Fiction”

Did you know that 15 trillion dollars of global stock market wealth has been wiped out since last June?  The worldwide financial crisis that began in the middle of last year is starting to spin wildly out of control.  On Friday, the Dow plunged another 390 points, and it is now down a total of 1,437 points since the beginning of this calendar year.  Never before in U.S. history have stocks ever started a year this badly.  The same thing can be said in Europe, where stocks have now officially entered bear market territory.

As I discussed yesterday, the economic slowdown and financial unraveling that we are witnessing are truly global in scope.  Banks are failing all over the continent, and I expect major European banks to start making some huge headlines not too long from now.  And of course let us not forget about China.  On Friday the Shanghai Composite declined another 3.6 percent, and overall it is now down more than 20 percent from its December high.  Much of this chaos has been driven by the continuing crash of the price of oil.  As I write this article, it has dipped below 30 dollars a barrel, and many of the big banks are projecting that it still has much further to fall.

The other night, Barack Obama got up in front of the American people and proclaimed that anyone that was saying that the economy was not recovering was peddling fiction.  Well, if the U.S. economy is doing so great, then why in the world has Wal-Mart decided to shut down 269 stores?…

http://www.activistpost.com/2016/01/welcome-to-the-new-normal-the-dow-crashes-another-390-points-and-wal-mart-closes-269-stores.html

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Month after month I watch as the MSM mouthpieces try to spin declining consumer spending in a positive light. They are practically out of excuses. They are befuddled, because month after month they report “awesome” job gains and can’t understand why all these gainfully employed Americans aren’t buying shit they don’t need like they used to. These faux journalists, spouting propaganda for their ruling class bosses, are willfully ignorant of the fact the job gains are in low paying part-time jobs and the fact that Obamacare and record high rents are sapping any discretionary income households would use to buy stuff.

Despite the propaganda from the media and happy talk from the Liar-in-Chief, the country is currently in a recession and the Fed has no ammo to fake another recovery. We are going down and going down hard. When 70% of your economy is based on Americans buying shit they don’t need from China on credit cards, a dramatic slowdown in consumer spending equals recession. When sales actually fall from November to December during the holiday season, you are in recession. We’ve arrived.

The December report was a disaster and portends horrible retailer results coming down the road. More ghost malls coming to your neighborhood. The annual results were pitiful, with the more recent months even more dreadful. So after adding 10 million jobs, according to Obama, spending declines? They must be great jobs…

http://beforeitsnews.com/gold-and-precious-metals/2016/01/shtfplan-prepare-for-total-economic-disaster-we-are-going-down-and-going-down-hard-2746910.html

The Rise Of The Part-Time And Disposable Employment Army

The headline employment numbers present a glamorous picture of the economy but one that is not based on reality.  After all, you have over 94 million Americans not in the labor force and this growing army of people is helping to keep the unemployment rate low.  And for a growing number of Americans those in the actual workforce, many are being stuck in part-time jobs or are part of the low wage service sector economy.  A large number of young Americans graduating with back breaking levels of debt and degrees are finding jobs such as baristas at Starbucks or working the checkout lines at Target.  The wages earned here are simply not going to go far enough to cover the massive $1.3 trillion in student debt outstanding.  We have traded good paying jobs for bread and circus jobs.  Why bread and circus jobs?  Because the current economy is largely designed to distract people into mindless consumption while the middle class slowly disappears through the fingers of Americans…

http://www.mybudget360.com/part-time-work-force-labor-employment-united-states-service-sector-goods-producing/