Neo-cons and socialists alike were cheering as Federal Reserve Chairman, Ben Bernanke, hinted of a QE3, which means more stimulus dollars for the rich. The DOW shot up 170 points but calmed to about 44 by the end of the day. I guess the thieves thought twice about taking so much profit in one lump so late in the week as the new jobless claim numbers will be coming out today. I swear sometimes their duplicity shines.
Stuart Varney, the staunch right wing conservative, could hardly sit still and was downright giddy in announcing the possibility of QE3 and pointing out its positive effect on the stock market.
Well about one more QE should pretty much take the dollar out as a serious world currency. What is the saying? The definition of insanity is doing the same thing over and over again, expecting a different result. But then the elite know exactly what to expect.
The Fed is getting ready to print billions more dollars of worthless currency and use it to buy up US bonds which represent real wealth. And of course with each one of those dollars they will have acquired more of our natural resources for nothing more than paper and ink. And again of course the few dollars we have left in our pockets are going to be devalued further. Realize this fiat currency is nothing more than promissory notes. And what is a promissory note but a floating contract supposedly guaranteeing payment sometime in the future.
Let’s look at it like this. On Monday, you agree to work for the corporation for $100 for one day. Tuesday morning, before you are paid the corporation, owned by the Federal Reserve bankers, through the Federal Reserve, devalues the dollar by 20%. By the time you are paid you are shorted $20, in reference to the disclosure for the original contract for work. And you are told tough luck; it is the fault of the economic crisis. What you have just experienced is a breach; hence default on the original contract. But you know what? It’s all right for this government and the banker owned corporations it represents to default on we the people. I mean, who the hell are we?
Now you have Barack Hussein Obama AKA Barry Soetoro AKA Barry the Rat telling the senior citizens in this country that unless they somehow force the neo-cons to raise the debt ceiling, he’s not going to send out their Social Security checks. Of course he tries to say that it is the economy and cannot be helped. Bullshit Barry, the Social Security account is $2 trillion in the black and you are not going to use the other trillion the United States treasury owes it as an excuse for using your Chicago strong arm tactics.
Think about this. Old Barry’s talking about not paying the seniors from the maturing treasury bonds they were forced to buy. The fact is Social Security is solvent for probably another twenty years. So why is it such an urgent issue with both the phony left and the phony right? I’ll tell you. It’s because it is solvent and it represents a big chunk of wealth the corporate elite haven’t managed to pocket yet.
We need to tell them to do us a favor. Don’t worry about our Social Security anymore. Right now we want you to just balance the budget and pay off the debt by retrieving the stolen $30 trillion the corporate elite made away with. Then when we have all that back in the bank you can offer to help us with our Social Security account again. Of course we won’t need any help then, but you can offer. Until then, both of you, Obama and Boehner, keep your bugger pullers off.
God bless this Republic, death to the international corporate mafia, we shall prevail.
Did Hank Paulson really make 8B as a hedge fund manager in’10 and paid little tax? We 99er’s could have used some of his loot. Maybe we need punitive taxation!
To all the people of the great state of NY whom read this site, I have found that nys 3 month TUR was over 8.5% for the month of Feb 2011, this means those of us whom had not received tier 4 benefits are due those weeks as long as our payments in our current tier had ended, please take the time to write and request your payment, site this link http://www.labor.ny.gov/stats/laus.asp which is NYS’s own numbers, average dec/jan/feb numbers and you get 8.5334% (8.5% and above is the threshold for tier 4 to be claimed) this information was held back from us as the unemployment website did not update the TUR number for more than 2 months, if you live in NY and this applies to you, please don’t hesitate to fill this out and demand your retro-active payment at once! https://www.labor.ny.gov/secure/ui/ui-contact-form.shtm
Henry, my apologies for using your forum comments to point this out but in a way it also shows how they are trying to keep us in the dark about what is due us, i have sent 2 seperate emails to the nys board of labor, with permission I will post the lies about how they have spun the numbers to deny the 8.5% average and 6 weeks due those whom have not yet recieved them when I get my replies.
oh and jan 2011 feb 2011 and march 2011 also average out to 8.5% in NYS I have also sent this information along and printed out the numbers and taken screen shots etc so there is no doubt that anyone who did not receive tier 4 in NYS and who’s payments ended in feb or march are now due these payments retroactively
“To all the people of the great state of NY whom read this site, I have found that nys 3 month TUR was over 8.5% for the month of Feb 2011, this means those of us whom had not received tier 4 benefits are due those weeks as long as our payments in our current tier had ended, please take the time to write and request your payment, site this link http://www.labor.ny.gov/stats/laus.asp which is NYS’s own numbers, average dec/jan/feb numbers and you get 8.5334% (8.5% and above is the threshold for tier 4 to be claimed) this information was held back from us as the unemployment website did not update the TUR number for more than 2 months, if you live in NY and this applies to you, please don’t hesitate to fill this out and demand your retro-active payment at once! https://www.labor.ny.gov/secure/ui/ui-contact-form.shtm
Henry, my apologies for using your forum comments to point this out but in a way it also shows how they are trying to keep us in the dark about what is due us, i have sent 2 seperate emails to the nys board of labor, with permission I will post the lies about how they have spun the numbers to deny the 8.5% average and 6 weeks due those whom have not yet recieved them when I get my replies.”
You will have to let us know what you find out. I am in the exact same boat and I too have been suspicious of NYS TUR numbers. Especially because even after the Federal Dept. of Labor revises their numbers, NYS never does.
I received this reply this morning
I’m sorry to inform you that the triggers are based on the seasonally-adjusted unemployment rates. NYS seasonally-adjusted unemployment rate has not been above 8.5% since July 2010. You can download the seasonally-adjusted data at http://www.labor.ny.gov/stats/lslaus.shtm. Since the state rate has now dropped below 8% the EB benefits are limited to 13 weeks not 20 weeks (http://www.labor.ny.gov/unemploymentassistance.shtm) and the maximum eligibility is 86 weeks. The details on eligibility dates are available at
http://www.labor.ny.gov/ui/claimantinfo/euc-eb-deadlines-chart.shtm
James P. Brown
Principal Economist
Division of Research & Statistics
New York State Department of Labor
212-775-3330
james.brown@labor.ny.gov
to which I immediately shot off this reply :
This is directly from the federal unemployment website
Tier 1 – 20 weeks
Tier 2 – 14 weeks
Tier 3 – 13 additional weeks of benefits in states where the total unemployment rate 6% or higher.
Tier 4 – 6 additional weeks of benefits in states where the TOTAL unemployment rate is 8.5% or higher.
nowhere does it say Tier 4 is to be based on seasonally adjusted data,in fact the word TOTAL negates any claim to seasonal adjustment, my claim remains valid that I am due the 6 weeks, now do I go to the media or request a hearing or will this be settled quietly? if you have such information from a FEDERAL SITE please provide it to me, if not I stand by claim that I am due tier 4. thank you for your quick reply
this was just a few minutes ago and i do not expect a timely reply or to actually get the money I feel I am owed but I am happy to point out to the pwers that be that we are on to them…
Well I just checked both the NEW YORK website as well as the New Jersey website ( worked in New York but lived in New Jersey” and neither ever mentions anything about “seasonallly adjusted”.
New Jersey says the following:
• New Jersey’s total unemployment insurance rate must average 8.5% for a three-month period for EUC Tier 4 to “trigger-on.”
New York says the following:
** Benefits under EUC Tiers 3 & 4 and under EB are available ONLY when the Total Unemployment Rate (based on a 3-month average) meets required levels:
Program Rate
EUC Tier 3 at least 6%
EUC Tier 4 at least 8.5%
EB Regular (13 weeks) at least 6.5%
EB High (7 weeks) at least 8%
UI = Regular Unemployment Insurance Benefits
EUC = Emergency Unemployment Compensation
EB= Extended Benefits
Also, as I understand it, because I live in New Jersey, I understand that I would be “cut off” from benefits early if New Jersey had a lower TUR rate then New York. Well right now New Jersey has a much higher TUR, so shouldn’t that mean that I would qualify for the extra tier and the EB??? They can’t have it both way by cutting me off when it suits them but not other way around.
im been saying it everyone of these motherfuckers should be tried and put to death firing squad all were doing is nothing and there just burying us everyday it’s never getting better until we overthrow these treasonistic fucks i wish everyone of them were in one building at the same time wallstreet ben bernake the bank ceo’s and all these other mafia run corporations and someone would fly a jet plane into it im sorry forgot abought those two great slimeball parties congress i say enough with the words lets all take them down because there surely doing it to us revolution
HENRY, YOUR RIGHT ON TARGET. IT WOULD BE GREAT IF YOU COULD SOMEHOW EDUCATE THE WHOLE COUNTRY WITH ALL YOUR GREAT EDITORIALS.
LISTEN UP.THEY ARE ALL BUMS.THEIR SHOULD BE NO QE3.THEY KEEP SAYING WE ARE IN DEEP TROBLE AND CAN;T AFORD ANYMORE SPENDING.THIS IS WHY THEY WANT TO CUT MEDICARE AND OTHER PROGRAMS THAT THE PEOPLE NEED. AGAIN THEY ARE FILLING THEIR POCKETS AND DON’T GIVE A DAM ABOUT US.WHAT KIND OF COUNTRY IS AMERICA TURNING INTO.WE ARE GOING BACK TO THE 193O ‘S NO MIDDLECLASS AND THE WORKING PEOPLE ARE THEATED LIKE SHIT.I THING ITS TIME TO BRING OUT THE BATS AND BUST SOME HEADS.LIKE OUR GRANFATHERS DID.EVERYTHING ELSE IS NOT WORKING.WHAT DO YOU THINK?
angelo,
It is indeed a return to the Grapes of Wrath and the robbers barons reign supreme. But now, like then, we have the numbers. We can’t just beat them back this time, they must be eliminated as a problem.
I don’t know about you but I don’t want my children, grandchildren, or great grandchildren having to live through what I am living through now. We must go back to our roots and to a level of freedom and liberty our people have not known for 150 years. Only then will we be truly happy.
THAT IS SO TRUE,BUT AS MY GRANDFATHER DID IF IT MEANS BRING OUT THE BATS TO GET THEIR THAN SO BE IT.IT COUNTRY AND EVERYTHING WE HAVE WAS DONE BY WAR OR FIGHTING WITH THE BOSSES.WE HAVE PEOPLE IN OUR GOVERMENT THAT DON’T GIVE A DAM ABOUT THIS COUNTRY.IF THEY DID WE WOULD NOT BE IN THE SHAPE WE ARE IN TODAY.THEY SHOULD BE PUT IN JAIL.THE CHARGE CORRUPTION.LETS TAKE BACK OUR COUNTRY BY ANY MEANS WE CAN.DO IT FOR YOUR KIDS,GRANDKIDS AND THEIR KIDS.WHAT DO YOU THINK? .
Ever wonder why you are having such a hard time finding a job. Health care system is in shambles, housing prices are still declining and defaults are at an all time high. Here ase some facts that will not only astound you, but may help you frame an adequate response, and launch a game changing plan to turn the tables on the elite class who are winning this battle on every level, at an extreme cost to the average worker in this country.
The high unemployment rate, and economic unstability that we have been seeing is caused by a very deliberate, well thought out plan, that was implemented by Corporate America, Wall Street brokerage firms, and the top 10 banking institutions in America. This debacle is no accident!! This plan, would require all three of these entities working together, with a common goal, to to perpertrate this massive assult on the working middle class.
Lets examine how high unemployment helps Corporate America increase its wealth at your expense.
1) High unemployment conditions allows all companies with 50 or more employees to scale back wages, withhold salary increases, or reduce the amount of an annual salary increase to all current employees regardless of tenure or experiance. New hires will be offered new positions far below previous salary offers made in the past, for the exact same job title and responsibilities, and will never ever see a fair wage package again. You need to point out this fact to the soon to become the new unemployed. They without realizing it have some skin in the game ,and have as much to lose and you already have.
2) Corporate America can now reduce, replace, or eliminate all existing benefit plans including retirement, and healthcare, with no resistance from the employee, or the elected officals who are supposed to be looking out for you. New hires will never ever see benefit packages or retirement benefits ever again.
3) Ability to defult on current employment contracts with employee unions and their retired workers benefit plans
4) Further weaken or completely destroy current and past collective bargining ageements, and the union labor organizations who helped the middle class to become the middle class.
5) Health care crisis is a direct result of Corporate America shredding health care benefits on millions of working families starting back from the Regan administration on. Most every one who worked had health insurance coverage ,large small employer didn’t matter. Health coverage through an employer was almost a given. Now hardly anyone has health coverage, and if they do it sucks!! Why is no one connecting the dots here ?
How does this help Wall street increase it’s wealth at your expense?
1) Any reduction in corporate’s net expenses in either payroll, or benefits will cause a positive spike to the stock which in turn increase profits for these companies shareholders ,owners, and Wall Street traders. Not you !!!!
How does this help Banking institutions?
1) Massive take backs of long term home loans through default . In many instances these banks had recouped most of,if not all of the principle they originally lended to the homeowner who is now in default . They now have the property, will sit on this and resell when they reinflate the housing prices and will make trillions not billions.
2) More deregulation and less over site, not more as you would think.
3) Massive bailouts from fed and taxpayers. Funds will be, and continue to be in company holdings and reinvested in wall street stocks, and will not be lended out to local small business which would create jobs.
4) Consolidation of banking institutions. WE NOW HAVE 10 BANKS WHO ARE CONSIDERED TO BIG TO FAIL BY OUR GOVERMENT. THESE 10 BANKS NOW CONTROLL 77% OF ALL LIQUID ASSETS AND ALL OTHER HOLDINGS IN AMERICA !!!
GOD HELP US!! WE NOW HAVE 10 CEO’S THAT CONTROL EVERY DECESION THAT WILL BE MADE IN THIS COUNTRY!!!!!!!
Good news, we can still win if we act now!!!! I mean now not later!!!!
Join a union any union do it now. Get a your voice back in the workplace This is the only arena that counts and will get the desired results. Unite, demand a living wage and benefits and be willing to fight if necessary to get these back prior levels. Do not expect your employer to give these to you without a fight. Do not listen to those who say organized labor does not work. It did in the past and it will again. Goverment is not going to help you here so quit looking for political solutions to this problem. Quit writing letters it will not work . You may feel great because you sent a nasty letter to washington, but you are really wasting your time. You need to stop avoiding what you know in your heart of hearts needs to be done to save this country and make a real commitment and get involved.
Quit doing business with large banking instutions. Seek out and give all your business to your local lenders in your area . Cancel your credit cards, checking and savings accounts refiniance your home and autos if possiable . Write these lenders and let them know why you are supporting your local lender in your area and not them. These local banks are also under assult from these corporate giants and would love to have your business.
I have lived in my house 18 years. Any principle I borrowed has been paid back. Speaking for me only and I not suggesting you should take this approach. I would as a very last resort cancel my homeowners policy, and leave a pile of ashes before I would give this house to my bank for them to resale.
THIS MAY BE SO,BUT WITHOUT THE MIDDLECLASS WHO WOULD KEEP AMERICA GOING ,IN BUYING CARS,HOUSES, ECT.UNLESS THEY WROTE OFF AMERICA AND LOOK TO OTHER COUNTRIES.THIS IS WORLD WIDE.ITS A BIG MESS.I THINK THEY ARE LOOKING FOR A WORLD WAR TO BRING US OUT OF THIS MESS AND START OVER.WHO EVER IS LEFT.WHAT DO YOU THINK