from Red Pill Philosophy:
A SERIOUS CRACK appeared in the markets today. This was due to the lousy payroll report of only 38,000 new jobs for May. The market expected 160,000 new jobs, but it turned out to be more than four times less… LOL. This is the worst jobs report since 2010.
Moreover, the jobs that we have been adding to the market for the past several years were mostly low paying service jobs like bartenders, waitresses, Walmart greeters and etc. So, with all the massive amount of monetary injections and zero interest rates, the best we could do was prop up the service economy for a few years.
This extremely bearish payroll report caused the Dollar Index to fall 140 basis points, the markets to sell off, and gold and silver to surge higher. I believe this is the first CRACK of a series of cracks that will cause severe problems for the economic and financial markets going forward.
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by Jeff Berwick, The Dollar Vigilante:
It’s going to be a long weekend for those holding stocks and believing in the “recovery” lie.
Today, the US government released its jobs report and the market was expecting an additional 200,000 jobs in May. Instead, the number came in at a paltry 38,000.
One analyst, Naseem Aslam of Think Forex UK said, “The U.S. nonfarm payroll data was crazy and completely unbelievable and this is the last set of important data before the Fed meeting. When you look at the data set, it really boggles your mind because the unemployment rate has ticked lower. The productivity picture is even more confusing as it is not increasing.”
It can seem confusing IF you fell for the “recovery” story that the Federal Reserve, Barack “Peddling Fiction” Obama and the mainstream media have been peddling.
It’s not confusing to us. There was no recovery. And there won’t be. The only slight point of confusion is why the US government allowed these numbers to be released. They have free reign over making up nearly any number they can dream up. They’ve been doing that for decades.
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It’s going to be a long weekend for those holding stocks and believing in the “recovery” lie.
Today, the US government released its jobs report and the market was expecting an additional 200,000 jobs in May. Instead, the number came in at a paltry 38,000.
One analyst, Naseem Aslam of Think Forex UK said, “The U.S. nonfarm payroll data was crazy and completely unbelievable and this is the last set of important data before the Fed meeting. When you look at the data set, it really boggles your mind because the unemployment rate has ticked lower. The productivity picture is even more confusing as it is not increasing.”
It can seem confusing IF you fell for the “recovery” story that the Federal Reserve, Barack “Peddling Fiction” Obama and the mainstream media have been peddling.
It’s not confusing to us. There was no recovery. And there won’t be. The only slight point of confusion is why the US government allowed these numbers to be released. They have free reign over making up nearly any number they can dream up. They’ve been doing that for decades.
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from X22Report:
France continue to have riots and protests, they could be on a verge of a revolution. US loans Ukraine another billion dollars, UN reports Kiev has secret prisons where it keeps citizens against their will. US wants to drop more military assets but is using the cover-up story that Assad will not allow humanitarian aid. Russia bombs the IS oil facility near Turkish border. US sail the USS Eisenhower to the middle east. US has a secret plan in Syria. Obama says to be prepared for a major disaster that could effect everyone.
France continue to have riots and protests, they could be on a verge of a revolution. US loans Ukraine another billion dollars, UN reports Kiev has secret prisons where it keeps citizens against their will. US wants to drop more military assets but is using the cover-up story that Assad will not allow humanitarian aid. Russia bombs the IS oil facility near Turkish border. US sail the USS Eisenhower to the middle east. US has a secret plan in Syria. Obama says to be prepared for a major disaster that could effect everyone.
from Harvey Organ:
DISMAL JOBS REPORTS SENDS GOLD AND SILVER FLYING/GERMAN 10 YR BUND HAS A YIELD OF ONLY .068%/THE WORLD HAS NOW OVER 10 TRILLLION IN NEGATIVE YIELDS OR 33% OF TOTAL GLOBAL ISSUANCE/THE HUGE HONG KONG BASED COMMODITY TRADER NOBLE IN BIG TROUBLE AS THEIR RIGHTS OFFERING IS AT A DISCOUNT OF 65%
The June gold contract is an active contract and the second biggest delivery month of the year following December. Friday night, the bankers first day delivery issuance to our longs to be settled on June 1 was huge: the number was 3,508 gold notices for 350,800 oz or 10.9 tonnes of gold. On day two, we had another huge number of gold notices filed at 2281 for 228100 oz or 7.09 tonnes of gold.On day 3,YESTERDAY, we had another whopper of 1969 notices for 196,900 oz or 6.12 tonnes.TODAY, we had another huge 1026 notices filed for 102600 oz (3.19 tonnes) Thus in 4 days a total of 8,784 notices have been filed for 878,400 oz or 27.32 tonnes. WHAT IS MORE FASCINATING WAS THE FRONT JUNE MONTH INCREASED IN NET OI BY 678 CONTRACTS YESTERDAY. TODAY IT INCREASED BY 78 CONTRACTS OR 7800 OZ. THE ENTITY STANDING DOES NOT WANT FIAT AND IT SURE LOOKS LIKE A SOVEREIGN (CHINA) IS STANDING FOR GOLD. As I stated yesterday: “there is no question that the bankers have uttered these words to one another: “Houston, we have a problem in gold.”
Let us have a look at the data for Friday, June 3.
Read More @ Harveyorganblog.com
DISMAL JOBS REPORTS SENDS GOLD AND SILVER FLYING/GERMAN 10 YR BUND HAS A YIELD OF ONLY .068%/THE WORLD HAS NOW OVER 10 TRILLLION IN NEGATIVE YIELDS OR 33% OF TOTAL GLOBAL ISSUANCE/THE HUGE HONG KONG BASED COMMODITY TRADER NOBLE IN BIG TROUBLE AS THEIR RIGHTS OFFERING IS AT A DISCOUNT OF 65%
The June gold contract is an active contract and the second biggest delivery month of the year following December. Friday night, the bankers first day delivery issuance to our longs to be settled on June 1 was huge: the number was 3,508 gold notices for 350,800 oz or 10.9 tonnes of gold. On day two, we had another huge number of gold notices filed at 2281 for 228100 oz or 7.09 tonnes of gold.On day 3,YESTERDAY, we had another whopper of 1969 notices for 196,900 oz or 6.12 tonnes.TODAY, we had another huge 1026 notices filed for 102600 oz (3.19 tonnes) Thus in 4 days a total of 8,784 notices have been filed for 878,400 oz or 27.32 tonnes. WHAT IS MORE FASCINATING WAS THE FRONT JUNE MONTH INCREASED IN NET OI BY 678 CONTRACTS YESTERDAY. TODAY IT INCREASED BY 78 CONTRACTS OR 7800 OZ. THE ENTITY STANDING DOES NOT WANT FIAT AND IT SURE LOOKS LIKE A SOVEREIGN (CHINA) IS STANDING FOR GOLD. As I stated yesterday: “there is no question that the bankers have uttered these words to one another: “Houston, we have a problem in gold.”
Let us have a look at the data for Friday, June 3.
Read More @ Harveyorganblog.com
by Michael Snyder, The Economic Collapse Blog:
This is exactly what we have been expecting to happen. On Friday, the Bureau of Labor Statistics announced that the U.S. economy only added 38,000 jobs in May. This was way below the 158,000 jobs that analysts were projecting, and it is also way below what is needed just to keep up with population growth. In addition, the number of jobs created in April was revised down by 37,000 and the number of jobs created in March was revised down by 22,000. This was the worst jobs report in almost six years, and the consensus on Wall Street is that it was an unmitigated disaster.
The funny thing is that the Obama administration says that the unemployment rate actually went down last month. Almost every month since Obama has been in the White House, large numbers of Americans that have been unemployed for a very long time are shifted from the “unemployment” category to the “not in the labor force” category.
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This is exactly what we have been expecting to happen. On Friday, the Bureau of Labor Statistics announced that the U.S. economy only added 38,000 jobs in May. This was way below the 158,000 jobs that analysts were projecting, and it is also way below what is needed just to keep up with population growth. In addition, the number of jobs created in April was revised down by 37,000 and the number of jobs created in March was revised down by 22,000. This was the worst jobs report in almost six years, and the consensus on Wall Street is that it was an unmitigated disaster.
The funny thing is that the Obama administration says that the unemployment rate actually went down last month. Almost every month since Obama has been in the White House, large numbers of Americans that have been unemployed for a very long time are shifted from the “unemployment” category to the “not in the labor force” category.
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by Pam Martens and Russ Martens, Wall St On Parade:
JPMorgan Chase’s perpetually controversial Chairman and CEO, Jamie Dimon, was in Bournemouth, Dorset on the south coast of England this morning to reassure his workers that he wasn’t there to tell them how to vote in the upcoming June 23 referendum on whether Britain should leave the European Union (the so-called “Brexit” or British Exit vote). He then proceeded to tell the sober-faced workers that if they voted for Brexit, he might axe upwards of 4,000 jobs across their country.
Dimon first stated to the crowd of workers:
“I cannot and will not tell the British people how they should vote in this….” A few minutes later, he qualified that by telling the workers how many jobs he might have to cut if Brexit happened: “I don’t know if it means 1,000 jobs, 2,000 jobs, it could be as many as 4,000…I don’t want you to worry about it but when you vote you should be thinking about something like that.”
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JPMorgan Chase’s perpetually controversial Chairman and CEO, Jamie Dimon, was in Bournemouth, Dorset on the south coast of England this morning to reassure his workers that he wasn’t there to tell them how to vote in the upcoming June 23 referendum on whether Britain should leave the European Union (the so-called “Brexit” or British Exit vote). He then proceeded to tell the sober-faced workers that if they voted for Brexit, he might axe upwards of 4,000 jobs across their country.
Dimon first stated to the crowd of workers:
“I cannot and will not tell the British people how they should vote in this….” A few minutes later, he qualified that by telling the workers how many jobs he might have to cut if Brexit happened: “I don’t know if it means 1,000 jobs, 2,000 jobs, it could be as many as 4,000…I don’t want you to worry about it but when you vote you should be thinking about something like that.”
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from The Daily Bell:
Free Speech Isn’t Facebook’s Job … My instinct as a First Amendment teacher is to be outraged at Facebook, Twitter, YouTube, and Microsoft for knuckling under to European Commission pressure to ban hate speech on their platforms. But after sleeping on it, I think it’s fine. Here’s why: These social media giants are private actors, not the state. –Bloomberg
We disagree with Bloomberg. Facebook is not a private sector actor. If it were up to us, Facebook would be shut down.
It was funded by the CIA which has surely participated in its success around the world.
It’s not really a company. It’s a facility of American imperialism.
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Free Speech Isn’t Facebook’s Job … My instinct as a First Amendment teacher is to be outraged at Facebook, Twitter, YouTube, and Microsoft for knuckling under to European Commission pressure to ban hate speech on their platforms. But after sleeping on it, I think it’s fine. Here’s why: These social media giants are private actors, not the state. –Bloomberg
We disagree with Bloomberg. Facebook is not a private sector actor. If it were up to us, Facebook would be shut down.
It was funded by the CIA which has surely participated in its success around the world.
It’s not really a company. It’s a facility of American imperialism.
Read More
from CNN via Washington Free Beacon:
Parroting Monsanto: Boston Globe Says GMO Labels are ‘Misleading,’ ‘Burdensome’ and a Waste of Money
by Julie Wilson, Natural News:
Mounting research suggests that human consumption of genetically modified organisms (GMOs) poses innumerable risks, including a proclivity for food allergies, nutritional deficiencies, sex hormone disruption, immune-suppression, cancer and general toxicity. Agriculture reliant on GM crops and their associated pesticides generates environmental risks as well, including soil degradation, water pollution and significant harm to wildlife and essential plants.
Based on the aforementioned risks to humans and the environment, it is absolutely imperative that Americans have the right to know whether or not their food contains ingredients that have been genetically altered to contain foreign DNA. However, the Boston Globe would beg to differ.
In March, the Globe published a despicable editorial waging an all-out assault on GMO-labeling and its supporters, which constitutes 89 percent of Americans. The piece, which is suspiciously missing author information, claims that GMO-labeling is “an impractical and potentially burdensome solution that will cause unwarranted alarm and needless expense.”
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Mounting research suggests that human consumption of genetically modified organisms (GMOs) poses innumerable risks, including a proclivity for food allergies, nutritional deficiencies, sex hormone disruption, immune-suppression, cancer and general toxicity. Agriculture reliant on GM crops and their associated pesticides generates environmental risks as well, including soil degradation, water pollution and significant harm to wildlife and essential plants.
Based on the aforementioned risks to humans and the environment, it is absolutely imperative that Americans have the right to know whether or not their food contains ingredients that have been genetically altered to contain foreign DNA. However, the Boston Globe would beg to differ.
In March, the Globe published a despicable editorial waging an all-out assault on GMO-labeling and its supporters, which constitutes 89 percent of Americans. The piece, which is suspiciously missing author information, claims that GMO-labeling is “an impractical and potentially burdensome solution that will cause unwarranted alarm and needless expense.”
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