News Analysis: America has been, and is currently experiencing 7% Unemployment nationally.
In fact, lessening that dire percentage is the fact that many Americans have totally withdrawn from the Labor Pool entirely. The Administration’s counter-argument to this fact is that more Americans are gaining employment. The sad reality is that many people are going into Minimum Wage Jobs (MWJ) such as ‘Fast Food’ Emporia. Now, for the ‘MWJ’s’, the new “Health Plan For America” has employers cutting employee hours since they cannot afford the ‘Plan’s’ cost.
As for “The Fed”, it has provided some of the means to attain a $17 + Trillion Dollar Current Deficit. It certainly has been commissioning the printing of Billions of Dollars per week to help artificially keep money available. Adding to this was Acutely Lowering Interest Rates. Now, it does NOT have that tool available for future use, if needed.
The “Fed” loves to cite the current rise of “Stocks”. It says little about the lack of Fundamentals to Support the Prices of these Securities. A creation by the “Bubble Masters”, it lured many Precious Metal Customers to dump their holdings and enter the “Stock Market”. For example, Initial Public Offerings of many of the Internet “Socialization” Stocks were given Price Multiples FAR IN EXCESS of their Revenues (Real or Imagined). By having the Media join in to assist the “Bubble Masters” the “Freiers” ‘bit the bait’ (but got the hook). Do they expect the Market to double in value in 2014?
The trumpeting of the return of the “Housing Market” is more ‘Fed’ “Shuck and Jive”. Many of the foreclosed homes throughout America were re-purchased by Investment Funds who hoped to ‘Flip’ the properties later. However, since 7% Unemployment remains, people cannot afford the real estate. Those who work in “Fast Food’ jobs cannot afford the homes either. Now, the Funds are “Stuck with the Muck”. At best, they hope to rent the properties. Unfortunately, many people cannot afford the monthly rent.
The ‘Fed’ has $4+ Trillion Dollars of obligations outstanding; a “Mount Everest” of Liability. If ANY large Natural Disaster, Created Human Catastrophe, or War were to occur, the “Penny Wise-Pound Foolish” activities of the ‘Fed’ would be demonstrated. The ‘Fed’ is sitting atop a three-legged stool many persons with Financial Acumen think.
The new Regime that will be taking over the ‘Fed’ will exhibit its proclivity to print money at an egregious rate; contrary to current pronouncement, some say.
Unfortunately many Americans cannot discern “Short-Term Financial Tactics” vis-à-vis “REAL Long-Term Economic Prosperity”. Like Ants, they view the American Economy two-dimensionally; rather than like Bald Eagles, who take a three-dimensional perspective of that which personally affects their survival.
When Americans realize what Economic Realities are in the Nation, perhaps they will exhibit their chagrin when they vote in the next two National Elections. The past two Elections they voted for “Change”; that is what they now have.
Reality.
Reference: http://tinyurl.com/msvnwdv
