Loading ...In the 1930s and 40s to have a sales or clerks job in a local town retailer was a coveted position–a man could live modestly on same with a small house, a short [car], and kiddies…I have a book…a Pictorial History of Old peoria, Il…my hometown…and I am astonished when I see a “Moores’ Jewelry” shop with a staff of 9…that was pre-socialist era America…that is to say, before the Welfare State begun by Lyndon Johnsons Great Society program…wherein the career path for young, poor, black and white women was to have 4 or 5 babies by age 22 and collect benefits…
New game plan today
Open the pm’s a little higher and drift them lower all day long.
Oh wait!…
Re The Unexplained Below Normal 3% Unemployment Numbers
Ask yourself, “Why the hell are they going hammers to hell now, to restore the US Economy? Because it was effin UNRESTORED since 1975 and it went too far.
A very long time ago I made a post about the unemployment. Even if we had ZERO unemployment, if most people are under paid for higher expenses, and barely getting by, and can’t piss away money, its the same as a 10% unemployment rate.
Look at all the empty store fronts. Food stamps. Even the Gov’t is under paid ($20 trillion shortfall) because of low wages. Minimum wage today to copy 1967’s $1.40/hr would require $26/hr today for the same purchasing power. And the average national wages today is $26.90 they said.
I know what you all are thinking. What the business media tells you. We can’t pay a burger flipper $26/hr. Well, yesterday I emptied my mailbox. Everything in it was garbage circulars. I put it all right in with my kitchen garbage, and told Mrs. Copper……
“Do you believe, they just paid a GROWN man about $40-$50/hr with benefits? to deliver GARBAGE to my house. A burger flipper job is a lot harder. BUT, the difference, the mail man is paid by the Gov’t, us, and the burger flipper is paid by a private sector business man who doesn’t want to pay you anything. If for example most people were OVER paid, and combined with an unemployment rate of 10%, the “economy” would not “notice” it
Now the funny part. We all hate Nancy Pelosi, but look what she said…..
Parts of story:
The Conference Board’s Consumer Confidence Index rose 2.4 points in May, reaching 128 — for the highest reading in more than 17 years, (me now, only 2001, what was it 1960 1000?) she claimed low unemployment numbers reported earlier “mean little” to the American people.
People say, ‘Oh my goodness, … people are saying the unemployment rate is down, why isn’t my purchasing power increasing?” Pelosi said. “So, this isn’t just about the unemployment rate, it’s about wages rising in our country, so that consumer confidence is restored.”
Story with video:
Austria to shut down mosques, expel foreign-funded imams
VIENNA (Reuters) – Austria’s right-wing government plans to shut seven mosques and could expel dozens of imams in what it said was “just the beginning” of a push against radical Islam and foreign funding of religious groups that Turkey condemned as racist.
They probably looked into the ETFs and decided they are smoke
Swiss Government Pension Fund To Buy Gold Bars Worth Some USD 600 Million
The Swiss government pension fund, Switzerland’s AHV/AVS fund, has decided to diversify into physical gold bars in their substantial CHF35.2bn (€30.5bn) pension portfolio.
At the end of last week the first pillar buffer fund tendered a custodianship and storage for CHF 700m (EUR 600m / USD 700m / GBP 525m) in gold bars via IPE Quest.
Mr.Copper
He’ll be missed. Very unexpected!
Swamp Creature Netted
Longtime former director of security for the Senate Intelligence Committee, James A. Wolfe, was indicted and arrested Thursday night on charges of giving false statements to FBI agents in 2017 about repeated contacts with three reporters, according to the Washington Examiner.
@ipso facto Agreed, Sad News
We watch him on TV often. They say their has been a 30% increase in suicide. No surprise to me at all. I remember the 1950s, 60s and part of the ’70s, everybody was happy. Then when they started globalization I knew it was very bad. For paychecks.
I watched it all unfold. What a shame, 43 years so far down hill on entry level private sector wages, that held down most other wages. Finally they unleashed Trump. Anthony may have been having money problems, or he was on antidepressants and suicide is a side effect. Or both. Look at all the school shootings by suicidals’.
RIP Anthony Bourdain
Friggin bummer.
The Donald dumps hectoring DisMay….
Donald Trump ‘tired of Theresa May’s school mistress tone’ and will not hold talks with her at G7
R640…No more crashes ?????
Italian rates are still blowing out. 10 yrs are > 3 % at 3.03, the 10 yr spread on Bunds is out another 6 % tdy. Who would lend to Italy at less than 10 % for 10 years…not me for sure.
Meanwhile the Donald is threatening to tell everyone at the G7 to rotate, he is apparently leaving early, so he can miss the climate talks.
So it looks like the globalists are throwing a hissy and letting the SM’s crater…which may or may not be very significant…are the globalists the scum, I think they may well be ?????
Tonight’s Sky
…from my front yard.
Silver Train
Silver Bullet. The Santa Fe ‘San Diegan’
departs north to LA.
http://www.railpictures.net/photo/659680/