Trump is hailing his success in the jobs market which added 147,000 jobs – well above the projection of 100,000. According to the federal bureau report, the gains were led by ‘local government education employment up 63,500’. An oddity given schools are shut down for the summer. Healthcare apparently added 58,600 positions, hospitality grew by 20,000 and construction by 15,000. None of which makes sense given the mass arrests of illegals – particularly in the Construction and hospitality businesses… What gives?
ADP – Automatic Data Processing, is the non-government payroll alternative reporting system. According to their reports, the overall private jobs report LOST 33,000 employees. In addition, they revised down the May report from 37,000 to 29,000. The majority of job losses were in professional and business services as well as health and education. Which is a more logical actuality. They posted a decline of 56,000. In addition, health/education saw a net loss of 52,000.
In other words we are living in two extremely polar opposite worlds of ‘information’. And this is a perfect example of what a government run censorship of information would look like. They will tell you the sky is clear when its storming, and no one died in the plane wreck when 325 people lost their life. We know the economy is not well off because we are living it!!
Last year the ‘average’ price of gas was $3.80. Last week it was $3.60. A drop of 5%. Grocery prices remain flat/unchanging having doubled in cost. The 65% increase in property taxes and 300% increase in property insurance are not decreasing. All of which, as I have said before, are not offset by wage increases which according to ADP are up 4.4%. The Ponzi scam is complete. Door Dash is now offering to finance groceries.
Door Dash enables this option through a partnership with Klarna, a Danish AI Fintech company. Klarna makes their revenue by issuing a credit card through their on banking vehicle charging merchants a 3.5% fee. It works something like Square but charges merchants more making it less attractive.
The purpose is debt and moving into the cycle of Credit/no cash. Which most people can’t manage, ie, total Household Debt is now $18.2 Trillion. Because Debt is Big Business.
In the early 1900’s buying a house required a 50% downpayment and 4-5 years of amortization and a balloon payment at the end of the term. The National Bank Act of 1864 barred commercial banks from writing mortgages, but life insurance companies and mutual savings banks were active lenders. Home ownership hovered around 10%. Banks were hesitant to hold long term debt in the event of a run on bank’s cash which was a relatively common occurrence in wartime – which was every year.
Most couldn’t afford this scenario. By the 1920’s interest only loans were a favorite which contributed to the Crash and Great Depression. In the 1930’s under FDR’s New Deal program the mortgage market changed dramatically. The government became the lender through the FHA and Fannie Mae. Over a million homeowners who were facing foreclosure were given a new loan via the FHA saving the world by extending debt to the government over 15 and 30 year loans. Everyone thought FDR was a – Hero.
The term Mortgage is Latin and means, ‘death pledge’.
Mortgage rates clung to a baseline of 7% up until 1930 when they dropped to roughly 5%. Their trajectory following bond rates. From 2021 forward, the gap between bond rates and mortgage rates expanded. From 1950 until 1984 mortgage rates were on a steady incline with a fast track beginning in 1975 under the policies of the Ford Regime. In 1975 the US Treasury Department raised the debt limit $531 billion. An increase of roughly 28%. Four years earlier the gold standard was eliminated. In 1975 the Office of Monetary Affairs which was tasked with regulating gold and silver, was eliminated. Inflation was over 15%.
In other words, the government’s attempts to fix the economy resulted in a chaotic and deeper recession than was already in motion. Blaming the oil embargo of 1973. But what caused the oil embargo? “The 1973 oil embargo was primarily triggered by the Yom Kippur War and the subsequent U.S. support for Israel. Arab members of OPEC, led by Saudi Arabia, initiated the embargo to retaliate against countries perceived as supporting Israel.”
For perspective: in 1973 the price of a barrel of oil was $3. During the height of the embargo the price went to $19, and after it settled at $12 – a 300% increase. The Yom Kippur War between Israel and just about every Middle Eastern nation. The reason was due to Israel’s unprecedented expansion and murder of civilians as they captured land owned by Egypt, Syria, and Jordan reclaiming it as Israel. The US was brought into the fray and as a direct result of our involvement our punishment was the oil embargo.
In the end, Israel claimed they were the victim and everyone else had commit atrocities. Another PR Campaign of poor me feel sorry for me – I am the victim.
The US economy tanked as a result of our involvement in bombing the Middle East on behalf of Israel which had illegally confiscated land rightfully belonging to other nations. But Israel wants ALL of Palestine, all of Syria, all of Egypt and the Gaza War today is the first stage. They are NOT finished. And the US stand on Iran today remains the next pivotal point of no return. How will the Middle East react?
A Statistian by information Gathering is Entrenched Headway, to uphold a focusing more and more importantly, identified Areas. US ECONOMY IS STATISTIC FOR GREATER LOOKS, that wholly depends on what the data is, for abound usage with an Aim of Teaching a Focused destination.
Government is a disease masquerading as its own cure
Helena, excellent article. It has beccome obvious that government stats are nothing more than pablum. Your ability to find the information and tell the truth is the reason I read your articles. It is unfortunate that Trump has turned out to be a carpetbagger and thief. i live in Canada and the smell of collapse permeates the air as it does in all of western Civilization.
sad and melancholy
Jews murdered countless hundreds of thousands of innocent Christian lives throughout their Bolshevik rule in Russia. They are picking off one country after another in the ME, wantonly killing thousands. Now it has been reported in this past week that Israeli settlers are killing Christians in the West Bank and taking their lands and property. This has yet to be verified.
If you read the Bible Jewish rage and murder are frequent occurrences. Jews murdered Jesus Christ. Altogether they have conducted themselves monstrously. One of the many reasons Hitler came to power was the Jewish mass murder and communism going on next door in Russia. Lenin had operatives in several eastern European countries as well as Germany to work sedition to promote Communist revolution there. This occurred from the 1920’s on. Germany was the first and most important target. Hitler started sending these communists to concentration camps. Because Jews were the ringleaders, this might have been part of why he wanted all Jews out of Germany and any conquered territories.
There is little doubt that a good deal of the so called Holocaust was made up in terms of gas chambers and carbon monoxide truck poisoning. Recent forensic studies have proven that along with what appears to be tampering after the war of buildings and other evidence. The Germans kept excellent records. Most of the deaths were from typhus, starvation and other diseases. Hitler tried to get rid of the Jews well before the war by paying for their passage to Palestine. Rothschild’s were a part of this program. Very few Jews would leave Germany. Finally as a last resort, they were deported and transported east to concentration camps to keep them from coming back.
This is no apology for Hitler’s sins. However it does appear that the Jewish love for victimization, duplicity and drama, concocting lies and deception made a way to forever claim dispensation for any of their past and future egregious and murderous acts.
They will not stop unless we stop them. I am very unhappy with all this US ass kissing and sending our hard earned money to people who control the world money supply and use it as a weapon against us. Shut down AIPAC and other such agencies that work against the US. I believe Iran should be left alone. There is sufficient balance of power in the ME between the Sunni and Shia nations. Let Israel go to hell.
We cannot be taken in. There is ample reason this tribe has been ejected from many countries. And I won’t even go into the sick practices of Moloch worship, child sacrifice, hatred of Christians and anybody who is not of their tribe. I encourage you to read the Talmud, their holy book that is more important than the Torah or the OT. The Talmud is rabbinical and not the word of God, it is the word of man. Think about that.
thank you –
Greater isreal also takes in a large part of Saudi Arabia, a part of Iraq and Turkey as well as Palestine, Syria and Lebanon. The blue lines with the star of moloch on the zionist flag signify The Nile and the Euphrates rivers.
Great info to chew on. As you know the BBB passed today by the uniparty. No one is coming to save us. Going forward it’s hyperinflation and the stablecoin scheme.
The rich will get richer. The rest of us…will die or live quite poorly. A hell realm. Unless we stand collectively.
I was a staunch supporter is Israel for years. That changed around 10 years ago and solidified over the last year after Gaza started.
Has Bibi ever entertained that Iran might, say (with apologies to Ray Wylie Hubbard), “Screw you, we’re from Teheran”. I have the impression that Bibi is dead meat.
Senator Frank Lautenberg (New Jersey) was a partner/founder of ADP.