muses of the moment

November 5, 2012

John Williams from

Filed under: John Williams shadowstats, Unemployment — Tags: — totallygroovygirlfriday @ 11:39 am

The real stats!! You pay for the detail, but here is the summary:

October Jobs and Unemployment Numbers Were Not Credible,
Artifacts of a Broken Reporting System and/or Direct Manipulation

With Consistent Seasonal Adjustments, October Jobs Gain
Would Have Been About 117,000 Instead of 171,000

October Unemployment: 7.9% (U.3), 14.6% (U.6), 22.9% (

M3 Annual Growth Picks Up Again



  1. GG,

    I’m now convinced that the Federal Reserve and its counterparts around the world can now print to infinity and beyond, buying back their own worthless paper with more worthless paper, and do it FOREVER, with minimal effects on the world economy. The world economy CAN be manipulated indefinately and the world CAN continue “as is” with marginal effects.

    It’s fake money buying fake money.

    The key though is that EVERY country on the planet MUST play along. As soon as ONE country comes out with REAL money backed by something of real value (gold/silver/etc.) it will fall apart. Before that happens, the United States, Europe and others will meet that country/countries with WAR and/or NUKES.

    I’m convinced that this is the plan and so far it’s working. Thoughts?

    Comment by MikePhila — November 5, 2012 @ 3:50 pm

  2. Yes, gg agrees that is the one and only plan. However, history tells us it can not work forever. But it will probably work far longer than anyone thinks.

    That’s why it is so hard to predict the end. It is a loss of confidence in fiat money, more of an emotional tipping point, not a technical move or stock play. Whenever that tipping point of people or countries or currencies lose confidence and decide just not to play, that’s when the printing plan doesn’t work anymore and implodes.


    Comment by totallygroovygirlfriday — November 5, 2012 @ 4:15 pm

  3. Agree, but the US and others WON’T allow others not to play. They will be FORCED to play or they will experience war, thus not allowing that country to move away from the monopoly money games behind the curtain.

    This is interesting. I used to belong to a barter company. As one of those “in the know” at the barter company, the President could literally put 1,000,000 barter credits in to his own account for his personal use if he wanted to do so. He KNEW though that he’d have to be careful in spending those dollars as it could upset the balance of his barter network. However, if he were crafty enough, he could do so and spend those barter dollars over time and those in the network would be none the wiser. He could absorb barter “dollar” loses if companies went under . .. basically his company was a mini-Fed. He controlled the flow of money … he just needed to make sure that his books weren’t audited and that the people in the barter system didn’t know that there were “fake” barter dollars in the system. It could go on FOREVER!

    You and I both know that nothing is forever … at least here on earth. But to your point, which I agree with, this IS going to go on for decades. Look at Japan. They are playing the game perfectly.

    I wonder what happens though in 2015 according to Armstrong?

    Comment by MikePhila — November 5, 2012 @ 6:37 pm

  4. MikePhila,

    Regarding 2015 with Martin: it is a major turning point on his economic confidence model and a possible panic year. So, gg would look for a loss in economic confidence.


    Comment by totallygroovygirlfriday — November 5, 2012 @ 8:26 pm

  5. IMO, we’re in the final stages of this confidence game. Other countries are walking away from the table and cashing in their chips (repatriation of gold) and the vast majority of citizens are loosing confidence in the great American empire as basic necessities become unaffordable. So while this game can go on forever, those who wish to play will soon find themselves out of luck as they spin the chamber and pull the trigger. So maybe they plan to play this game for another 174 thousand days using hollow point ammunition?

    Who knows what or where the next natural disaster will be. Earthquake in California? Sinkhole in Louisiana? Volcano in Seattle? A possible panic year could begin while you sleep tonight. I for one see the people around me becoming restless, tired, losing hope (confidence in the system)—while the money printing scheme can go on and on and on, the feelings that people are experiencing these days has limits and many people have reached their breaking point.

    Either way, this doesn’t seem like it will have a happy ending. However, when the dust settles, I’m hopeful that good will prevail.

    Comment by soleirolia — November 5, 2012 @ 9:50 pm

  6. Soleirolia,

    We “could” be in the final stage, but to GG’s point, it could EASILY last a long time (decades!). Countries that try to move to a gold-backed currency will eventually find themselves in the crosshairs of a VERY angry United States .

    Yes, there are ways that we can get clobbered by a natural disaster or worse, a man-made one, that could drag our economy to its breaking point. But they’d just print more money to alleviate the pain. It doesn’t cost them anything and it’s all monopoly money anyway. The world is SO tied in to the United States that they’d keep the confidence high on the US Dollar and back us printing a QUADRILLION dollars. So what?

    This is why we all should be seriously looking in to the affects of infinity and beyond debt. Back during “normal” times, bad debt WOULD cause horrid inflation. It would bring the demise of a country. Today however, I think those in control have all agreed that they will back one another continuously no matter how much debt governments took on. The affect could be that life goes on a normal with the Feds of the world doing all of the background accounting and nobody is none the wiser.

    We all know that the King is not wearing clothes. But nobody in going to say it. The world is so tied together financially that hitting a major country like China, the United States, Germany, etc. hurts EVERYONE.


    Comment by MikePhila — November 6, 2012 @ 4:01 pm

  7. If you can no longer afford the basic items to live, horrid inflation is horrid at any rate.

    Nobody will make it out of this mess without feeling pain and suffering. We all [should] know that this will not end well but end it must—-none of us can accurately predict the future and pinpoint a date.

    Far too many people take things for granted and respect little; maybe a repeat of World War II-type conditions would instill a society where integrity was worth more than Public Storage unit being bid on by a bunch of materialistic reality-TV show brats high off their 15 minutes of fame.

    It’s getting crowded on the side of “this can go on indefinitely!” Think I’ll just stand on the opposite side and watch what happens sipping a Mint Julep.

    Comment by soleirolia — November 6, 2012 @ 10:50 pm

  8. Mmmm, Mint Julep.


    Comment by totallygroovygirlfriday — November 7, 2012 @ 11:46 am

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Blog at

%d bloggers like this: