Saturday, December 19, 2009

Florida Leads The Nation In New Job Losses. Unemployment In The State Continues To Rise.

Flagler County leads the way with nearly 17% unemployment. If underemployment and disgruntled workers in Flagler is similar to the national average, that means approximately one in three people are either unemployed or underemployed.

It is now nine months since we were told the economy bottomed. Nothing more than propaganda in some attempt to keep the current economic scheme going. Global employment is still deteriorating. The global economy is and will remain in a depression.

Even though Ben Bernanke did save the global financial system from complete collapse, at least temporarily, no single entity short of God himself can recreate economic opportunity for the countless tens upon tens of millions of people around the globe affected by this collapse. In fact, Bernanke hasn't saved the global economy from anything unless you believe a single man sitting in his closet printing money is now the new method of creating wealth for billions upon billions of people. I have my own closet and my own printer. I have tried that experiment. I can tell you I have tried it countless times and the experiment has failed every single time. And I know of no other person in the history of humanity who has successfully completed this experiment. Yet, dimwitted central bankers, politicians, the financial media and Wall Street seems to believe to the contrary. And they call current economic ideology science? Math doesn't lie. But people surely do.

We already knew voodoo economics doesn't work because in a moment of lucidity, a politician actually told the truth thirty years ago. That was before he learned selling his soul would get him elected. There's plenty of company in that deep, dark, fiery place called Washington D.C.

posted by TimingLogic at 10:53 AM