Welcome to the Academy of Market Intelligence (AMI)™


Making a Point

Dr. Thomas Fletcher Grooms, Father of Market IntelligenceDiscovered the term market intelligence and wrote the first peer reviewed study in the world on market Intelligence giving it life as its own distinguished concept – WELCOME

Mission is to advance new ideas and promote enduring knowledge in a scholarly forum for the business, government and academic community in which outstanding thinkers and scholars are encouraged to continuous learning in a worldwide sharing of scholarly analyses on the understanding and value of market intelligence.

* Markets and Praxeology

* Analytics¹º and Futurology¹¹¹

* Business Science

Temperature of the World Visiting Professor Lecturer 

World Multi-Dimensional and Multi-National Specialist

Dr. Thomas Fletcher GroomsHenley Ph.D. (Marketing…International Business & Economics-HBS-England) at University of ReadingBrunel University, Ph.D. (Global Business…Economics), J.D. (Law…Business and International), M.B.A. (Marketing…Manufacturing, Operations, Logistics), M.Sc. (Marketing…International Business & Economics), B.S. (Political Science)  
CEO Philanthropy…Family Business…Research…Author…Visiting Professor
Professor of International Business, Marketing, Entrepreneurship, Law, and Economics
Professor at Southeastern Oklahoma State University, Dallas Baptist University, University of Texas at Dallas

Visiting Professor lectures allows you to select the topic for your large, medium, or small organization or university. Topics are all custom written for each presentation and individual audience to accommodate your request. Worldwide travel to your country as presentations have been given in many countries.

Contact Professor Dr. Thomas Fletcher Grooms by email at gg2speaker@cableone.net to set a date for Dr. Grooms to speak at your organization. 


10% of Lecture Fee for Visiting Professor presentation is requested to be made as a donation to HealthLink Initiative a 501(c)(3) nonprofit corporation that works through community networks of healthcare professionals to provide Healthcare Autoimmune Diseases Research and Healthcare Education for Women and Children and Families. 100% of Your Money Donated Goes to HELP Women and Children and Families – No Salaried Employees $0.00 zero salary ALL Volunteers.


Official Definition of Market Intelligence™ and Intelligence Terminology


The Official Definition of Market Intelligence

Market Intelligence (MKI) is gathered through internal analysis, competition analysis, and market analysis about the total environment forming a broad spectrum of assembled knowledge, which is then used for developing scenarios so that timely reporting of vital foreknowledge for future planning in the areas of strategic, tactical, and counter-intelligence decision-making can be applied operationally and strategically in respect to the whole organization’s strategic interest for the whole market. (Grooms, 1998) 

The structure of the Model of Market Intelligence is a double helix that can usurp to make copies of itself in other dimensions and realities to reveal an ever infinity of knowledge and forecasts. The Market Intelligence Model provides a missing linage present in organizations at the highest levels. The model gives reassurance to help ensure a broad scope of checks and balances protecting the CEO, senior executives ,and government senior officials as well as the organization, its value and performance. Market Intelligence is what makes intelligence, intelligence. (Grooms, 1998) 










Intelligence Terminology

The Official Definition of Market Intelligence (MKI), Intelligence (I), Political Intelligence (POLI), Military Intelligence (MI), Business Intelligence (BI), Knowledge Management Systems (KMS), Marketing Research (MKTR), Marketing Information Systems (MKTIS), Competitive Intelligence (CI), Competitor Intelligence (CRI), Marketing Intelligence (MKTI), Strategic Intelligence (SI), Tactical Intelligence (TI), Counter-intelligence (CTI), Real-time Intelligence (RTI), and Whisper Intelligence (WI) click on the blue to learn from the first peer reviewed study in the world on market intelligence.

Quote of the Month


Like my cousin said, “You may all go to Hell in Tennessee because you do what you do because you can and I will go to Texas”. –  Davy CrockettClubroom

June 2015

“If you do not know what you are, then you cannot know what you can be.” – Thomas Fletcher Grooms 



May 2015

“What better way to deflect attention to yourself than to make a conspiracy of yourself.” – Thomas Fletcher Grooms  

“The best way to hide openly is to make yourself a conspiracy.” – Thomas Fletcher Grooms


Academy of Market Intelligence (AMI) (FREE research on statistics, economy, current events)

GroomsGlobal (G2) (FREE articles on business, investing, money)

Two New Articles written by Thomas Fletcher Grooms 

Senior Entrepreneur

Money for Retirement

AMI Journal™ Futurology Forecasts Research : A Chronometry from Around the World™


Digital Keyhole


June 2015

ASEAN Economic Community (AEC)



May 2015

Market Update USA 2015 April contributor Neil Krieger, Economist and Investment Counselor with a Common Man’s View of Political Economy.

DATA SET AND FINANCIAL STATEMENT EVALUATION PROGRAM ORIGINAL AND NEW NOW AVAILABLE This handbook provides a semi-automated evaluation form that eliminates the tedium of calculation and sorts the ratios into related groupings that facilitate the financial analysis of an enterprise or counterparty. Designed for Economists, Financial Institutions, Market Forecasting and Predictions, Government Agencies, Executives, Business Owners, University Teaching and Classes.  

A CD containing the data set and the reports and graphs and a template evaluation program is available for $50.00 USD. Please make your check payable to: Sigmund Krieger. The author does not accept credit cards. Mail your check to: Sigmund Krieger, 1202 Timber Ridge Drive, Euless, Texas 76039, USA. The CD will be sent by USPS. Email inquiries should be directed to: skrieger@sbcglobal.net

Headline Today™ from the 4-Four Corners of the World


Walk in the Park

World Living Under Its Own Delusion Is this Censorship by Omission?

The past six years of Headline Expansion have been as illusory as Cinderella’s magic carriage. Data continues to support the ongoing Depression Cycle that started in 1971 and has accelerated under every government head of state.

U.S. Business Investment 50% of GDP in 1959

U.S. Business Investment 12.8% of GDP in 2012

U.S. GDP falls 0.7%

U.S. Corporate Profits fall 5.9%, biggest drop since 2008

U.S. Factory Orders Drop 6.0% in Sixth Consecutive Drop

(FED- Federal Reserve)


HSBC Holdings Plc, Europe’s largest bank, is cutting 20,000 Jobs

(Chief Executive Officer Stuart Gulliver)


The top 20% in the U.S., who typically makes $100,000 plus, account for over 50% of consumer spending. They are the ones that have continued to spend since the Depression started in 1971— not the average household. The 20% own 90% of financial assets as it should be and is in every country.

Why? Because of education, work, and sacrifice. They tend to be more educated, meaning they go to school longer, as do their children.

The best recourse against incompetent governments and corrupt politicians is to be debt-free, 100% absolutely no debt and holding cash savings. There is no advantage to being a debt-slave to pay for political plunder.

You can live under your government’s delusion or create your own.


Confidence in US Government and America Lowest in History

When people realize the Great Lie that the world has been living in the Depression Cycle since 1971, not a Recession, hopefully they will stop living in an artifact of fiction.

Obama‘s fake recovery, overstated by fraudulent data, covered up by the Democrat party, and brain washed the public by the controlled media is not only the slowest and weakest in US history, but non-existent.

Buying time, delaying something as long as you can, is not being optimistic. The dimension of Time itself is outside the grasps of politicians and economic manipulations. Government interfering in the market is future plunder.

Trashing the future is not evidence or fact. (Davidson Research)


Using the same research method accurately predicting the long-term crash in Japan and the greatest American and European boom in history, Harry Dent and his team of market analysts have identified a trend pinpointing the latest in the U.S. depression – and it seems we are already in the midst of it.  

Dent sees a steeper demographic downturn for Germany and many other European countries in the decade ahead than Japan had in the 1990s. (Dent Research)


Economic Index







The Quantitative Easing (QE) and interest-rate policies implemented by the Fed and its global counterparts using zero short- and long-term interest rates, money has effectively been made “free”, have had dramatic complications on the natural economic cycle, which shows our current economic positioning to be the worst since 1971. (Bloomberg U.S. Economic Surprise Index) 


The Washington Press Corps asserted that Barack ‘Hussein’ Obama was the closest to being a Jew of any President in history. Lie, Lie, Lie. Obama said it hurts being accused of being ant-sematic. Actions show his hate of Bibi and Israel as well as America before and during his reign. (FOX News)


Obama & Democrats and Republicans Masters of World War III Will war allow Obama and the Democrats to declare martial law and stay in office…forever? 

The Masters of War at the self-described ‘Don’t Do Stupid Stuff’ Obama administration are now announcing on the ready to dispatch military aircraft and ships within 18 kilometers of seven artificial islands China has built up in the Spratly Islands.

Beijing’s response, ‘There Will be War’. “If the United States’ bottom line is that China has to halt its activities, then a U.S.-China war is inevitable in the South China Sea … The intensity of the conflict will be higher than what people usually think of as ‘friction’.” 

(Information Clearing House, GMA News, Global Times, Reuters)


Texas to Establish Bullion Depository for Sound Money Why did no one in Washington ever think of a sound money policy for the American people?

A bill taking a step towards gold and silver as commonly-used legal tender in Texas passed in the state Senate by an overwhelming 29-2 vote and previously passed the House by a vote of 140-1.

The United States Constitution states in Article I, Section 10, “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts”.  

Introduced by State Rep. Giovanni Capriglione (R- Southlake) and four co-sponsors on February 12, House Bill 483 (HB483) would create a state bullion depository.

What the bill essentially does is create a means for transactions to occur in precious metals. It allows people  to open an account and deposit their precious metals in the state depository. They could then use the electronic system to make payments to any other business or person who also holds an account.

The legislation in Texas takes an important step towards that constitutional requirement, ignored for decades in every state. Such a measure would bring attention to the past monopoly of the Federal Reserve System by introducing sound money policy into the monetary system. (Austin Texas)


Obama Legacy Why a footnote in history?

The inability of this US administration to execute a foreign policy that promotes the safety and economic interests of the US will be the legacy of this administration. The fight in the Middle East is one that should be settled by the Sunni’s and the Shia between themselves. Even worse, domestically, we are confronted with a disregard for the Constitution that in an earlier era would have resulted in impeachment and quite probably conviction. 

We created a political vacuum in Iraq and backed a Shite government that was no less inept than our own Administration. In the name of political expediency we have ignored the facts presented to us by our own intelligence services, which facts have been amply demonstrated to be reasonably accurate. The Administration propagandizes that a nuclear arms deal is in the making, yet Iran’s Supreme Leader has been unwavering in his call; “Death to America”; one wonders, is this Administration dumb deaf and blind? (Krieger Commentary)


Obama Fails in Ukraine When will the insanity end?

The Obama administration, having turned the Ukraine question into the most dangerous showdown since the Cold War’s worst, now declares cordiality, cooperation and common goals the heart of the matter. The Obama administration shifts foreign policy again and decides to join the Normandy talks on the Ukraine.

Eric Zuesse stressed that the remark has clearly demonstrated that the Obama administration has thrown in the towel on Washington’s original plan for Ukraine, which was purportedly aimed at an all-out military invasion of the eastern regions.


Obama Grand Strategy for the World Works Wonders in the US, Israel, and Hollywood Why did Q1 GDP drop – 1.0% disputing news headlines?  

The Atlanta Fed just cut its Q2 GDP forecast once more, this time to 0.7% from 0.8%. This is on the back of a Q1 GDP which as of this moments is around -1.0%.

From the Atlanta Fed: The GDP Now model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2015 was 0.7 percent on May 13, down slightly from 0.8 percent on May 5. For the second-quarter real consumer spending growth ticked down 0.1 percentage point to 2.6 percent following this morning’s retail sales report from the U.S. Census Bureau.

Obama under pressure from all sides. China from the West, Russia from the North, Iran from the East, Cuba from the South. He cannot protect the countries of the middle East including Saudi much less the United States from Muslims inside the United States. (Energy Insider and Oil & Energy)

According to the latest CAT retail sales data, Caterpillar has now reported an unprecedented 29 months of declining global retail sales, with the month of April seeing a 16% Y/Y collapse in China (after a 25% plunge in 2014 and a 20% plunge the year before), while Latin America just suffered an epic 44% Y/Y crash, the biggest going back to 2009, after a 28% drop the year before.

As far as the industrial and heavy equipment bellwether is concerned, the emerging markets or BRICS are in an unprecedented economic collapse. To put Caterpillar’s ongoing second great depression in context, there is no hope in sight of seeing an annual rebound any time soon.


Uranium One…A Hedge Factor or the Clinton Legacy in History Why was Obama and his Secretary of State not looking out in the interest of the American people and the United States of America?






What lооks like is shaping up to be the rосkiest ever rасe fоr the Сlintоn’s’ newly minted presidential саmpаign amid questions аbоut passible соnfliсts of interest between the former Secretary of State, her family’s fоundаtiоn, former President Bill Сlintоn, and Russia.

Tаlking аbоut dоnаtiоns from a Саnаdiаn соmpаny that flowed to the Сlintоn Fоundаtiоn shortly after the Russians аnnоunсed their intention to асquire а majority stake in Uranium One, Mr. Сlintоn received $500,000 fоr а Mоsсоw speech from а Russian investment bank with links to the Kremlin that was promoting Uranium One stосk.






This proves at least, that Bill Сlintоn’s speaking fees tripled after Hillary Сlintоn beсаme Secretary of State. Аlоng with $750,000 Bill earned fоr addressing а teleсоm соnferenсe in Сhinа, which соntinues to raise serious questions аbоut Hillary Сlintоn’s judgment at a top government position.

The chairman of the Canadian company that profited from the sale, Ian Telfer, donated millions of dollars to the Clinton Foundation, the charitable organization set up after Bill Clinton left the presidency – most of which was not reported publicly.

The founder of the company, Frank Giustra, also donated $31m (£20.5m) to the foundation and flew Mr Clinton to Kazakhstan in 2005, at a time when the nation was considering whether to grant uranium mining rights to Canadian company.







In 2010, at roughly the same time, the Russian company, Rosatom, was attempting to purchase the Canadian company, Mr Clinton travelled to Moscow and was paid $500,000 by a bank affiliated with Rosatom.

“Whether the donations played any role in the approval of the uranium deal is unknown,” Becker and McIntire write. “But the episode underscores the special ethical challenges presented by the Clinton Foundation, headed by a former president who relied heavily on foreign cash to accumulate $250m in assets even as his wife helped steer American foreign policy as secretary of state, presiding over decisions with the potential to benefit the foundation’s donors.”

Those ‘special ethical challenges’ were scrutinized in the Post piece, as well, which reveals more details about the vast sums of money in speaking fees Mr Clinton has amassed since his presidency ended in 2001.

Mr Clinton was paid “more than $100m for speeches between 2001 and 2013″, the Post notes, including ‘at least’ $26m by groups that also donated to the Clinton Foundation, such as financial firms often considered villains on the populist left, like Goldman Sachs and Citi Group.







(Al Gurnov, Award-winning Journalist and Political Analyst)


US Consumer Going Debt-Free Fighting Washington Irresponsibility & Incompetence Why would Obama and Democrats continue economic slavery of the American people?

U.S. economy unexpectedly slowed to a standstill last quarter with GDP barely registering 0.2 percent year over year and the 0.2 percent (two-tenths of one percent) is an intentional exaggeration.

Personal consumption has declined to 1.31%. According to Federal Reserve data, Consumer Revolving Credit fell sharply in February 2015.

The BEA (Bureau of Economic Analysis) reported that Q1 GDP had tumbled from a 2.2% annualized growth rate at the end of 2014 to just 0.2% rerun for last year.

Specifically, the $121.9 billion increase in private, mostly non-farm, inventories reported in the first quarter were at already at record high levels, and with the inventory sales flat, U.S. Q1 GDP would not be 0.2%, but would be -2.6%.

American Dream for hundreds of millions of Americans who do not currently own a home and say they do not think they will buy a home in the foreseeable future has risen by one third to 41%, vs. 31% two years ago. (Gallup Poll)

Consumer Confidence is slowing again, now 95.2, against expectations of a jump to 102.2. New England and West South Central Regions saw the biggest decrease in confidence.

Corporate profits are falling fast, which is not a bullish sign for business investment and capital spending. Corporate fixed investment declined 2.5 percent, a huge reversal from the 4.5 percent growth in Q4 2014. Nonresidential structure investment declined 23.1 percent. That was the worst drop in four years, dragged down by a massive 49 percent implosion in energy and mining expenditures. April’s Manufacturing PMI was at 54.1 and has not risen for 5 months with a contraction in the employment index. And, Construction Spending declined 0.6%.

Exports also declined at a 7.2 percent rate. And, core inflation slowed to a 0.9 percent annualized rate.

In fact, emerging market central bankers are struggling to lower real interest rates as inflation is falling even faster than benchmark interest rates.

Twenty-one global central banks have cut their benchmark interest rates in 2015 in a desperate bid to slow deflation. This includes major, developed economies like Australia and Sweden as well as developing economies including China, India, Brazil, and Russia. (Bloomberg)


Alliance Between Russia and Germany Why would Obama oppose Germany and Russia working together?

Alliance Between Russia and Germany








Russian President Vladimir Putin will hold talks with German Chancellor Angela Merkel in Moscow on May 10. “It’s true, we are expecting the German chancellor in Moscow on May 10. Merkel and Putin will hold talks in the Kremlin in ‘narrow’ and ‘expanded’ formats and also expected to hold a joint press conference on the result of the talks,” Kremlin spokesman Dmitry Peskov.


Et Tu, John Maynard Keynes…Hail Ludwig von Mises When will government heads of state learn to read?

The United States government has become the greatest failure in history when it comes to money and finance of a country. The rejection of the lessons of history included a $700 billion Troubled Asset Relief Program (TARP), $800 billion of fiscal stimulus, about $4 trillion of money printing, and 165 months of artificial rock-bottom interest rates.

The United Sates is still in the ‘Depression’ cycle that started on 15 August 1971 when the government left the gold standard of checks-and-balances on spending. This act has led the world into the greatest economic depression in history to the detriment of the peoples of every country. The government is the problem. The people are the solution if left to their own solution without excessive tax burdens and destroying the social contract. But, that is not human nature.

Government is necessary. Government provides structure, security, and safety to its people. Without people there is no government. Without government there is no structural protection for the people. The balance begins and ends with money. This is the line of equilibrium when crossed creates disequilibrium of the contract between government and people.

History teaches that ‘Markets’ are more powerful than ‘Governments’. The Austrian School of Economics ‘Capitalism’ has proven itself over 5,000 years of history. The Keynesian School of Economics ‘Socialism’ and ‘Communism’ has proven that it continuously destroys the peoples of any country. This is the current condition.


Brief Headlines from Around the World Is this like Rome in 476 A.D.?

Asian Infrastructure Investment Bank (AIIB) 57-nation bank charter members formed (out of 173 countries in world – 240 sovereignties), which includes the U.K., Germany, France, Italy, Australia, Israel and Iran. The movement away from the US controlled IMF and the World Bank is growing exponentially. (Telegraph.co.uk)

Atlanta Fed Posts US GDP Now Estimate for First Quarter Falls to 0.00%

Europe Leads the World in Deflation

Japan, debt to GDP: 517 percent. Spain, 401 percent. Germany, 258 percent. U.S., 269 percent.

Add in a rough but conservative estimate of another $200 trillion in unofficial debt, and you have a global economy with over $400 trillion of debt, something that can never turn out to be anything but deflationary. (Edelson, Weiss Research)


Obama and Democrats Bullying (American Jews betray Israel again) What is the difference in what is best for Americans and the White House?

Obama with approval of the Democrats sent the CIA and State Department to Israel to over throw the Israel elections and remove Bibi (Benjamin Netanyahu – Prime Minister of Israel) from power because he will not do what Obama orders him to do. The same as with Obama’s attempt to remove Vladimir Putin – President of Russia from power. The American people do not find such actions supportable or in the best interest of the United States. Questioning the actions of Democrats support of Obama in these childish temper tantrums as reported by the media. Obama failed again as he has now attempted the removal of two world leaders from power. (FOX News).

Is Europe next?


Greatest Depression…A Government Creation Since 1963 Why have governments continued to ignore what they knew over 50 years ago? 

Without Social Security, 95% of retirees will have no income past their working years. 

The median working-age household (age 25-66) has only $2,500 in savings.

The median approaching retirement-age (age 55-66) has only $14,500 in savings.

(National Institute on Retirement Security)


Senioritis Under Bush, Clinton, Bush, and Obama Where has all the money gone?

Since the year 2000 under Bush, Clinton, Bush, and Obama, a 5 year CD (Certificate of Deposit) paid 6% on $1 million which equals $60,000 per year Retirement Income for Seniors. In 2015 under Obama a 5 year CD (Certificate of Deposit) pays 1%-1.5% on $1 million which equals $12,000 per year Retirement Income for Seniors. Seniors now need a $5 million CD to live which equals $60,000. (Giambruno, Sr. Editor Casey Research)

$60,000 is what Social Security should now be paying and Abolish all White House and Congressional Retirement Programs and Benefits where Social Security becomes the only legal government retirement program permitted to exist by law, which would give Obama a chance to demonstrate Income Inequality.

On 15 October 2014 interest rates on the 10-year Treasury Bond – retiree incomes – crashed to the levels of the 1929 Great Depression, below 2%. Income inequality (people who work for a living) is wealth re-distribution to illegal aliens and non-contributors. The Middle Class disappears into either the rich or poor classes, which is where the country started with a two class system. (Maybury Research). This is not change or going forward, but in circles.

The more the U.S. penalizes Russia, the faster the U.S. economy is collapsing.


Putin, Merkel and Hollande Shut the Door on Obama Why can’t Obama get it?

Hollande and Merkel’s visit to Moscow was a necessary decision made without consulting Obama. Hollande said that “together with Angela Merkel we have decided to take a new initiative”. The decision to visit Moscow came as an attempt to present a viewpoint on solving the Ukrainian differences that differs from the Obama agenda.

Le Nouvel Observateur reported that this ‘historic initiative’ on Hollande and Merkel’s part was preceded by ‘secret’ talks between Paris, Berlin and Moscow. The EU leaders were meeting Putin “to get ahead of the Americans, who are trying to impose their solution to the problem on Westerners: a transfer of weapons to Ukraine.”

“There is clearly a disagreement between Washington and Brussels over arming the Ukraine”, says Nicolai Petro, Professor of Politics at the University of Rhode Island.

A joint document between Russia, Germany and France for an implementation of the Minsk Accords was drafted to incorporate proposals by the Ukraine to resolve certain issues and prevent an escalation of armaments.

Maybe America should shut the door on Obama too?


More Laws, More Taxes, Less Economy Why strangle the economy and not give businesses a chance to do it for themselves?

During Obama’s administration under the Democrat influenced House and controlled Senate, a record 21,000 new regulations on businesses were enacted the past seven years, most of them without Congressional approval. 

Last year alone Obama issued regulations costing American taxpayers and businesses an estimated $762 million in regulatory costs per day.  

(American Action Forum)

In total, Obama’s administration has filled 468,500 pages in new regulations.  

(Federal Register)

Moreover, according to the Competitive Enterprise Institute, the president is poised to unleash another 2,375 new rules on American businesses this year, and again without first giving Congress an up or down vote.  

(Competitive Enterprise Institute)

Deflation, More Deflation, Coming Deflation Plunge

World economies are slowing, demand is falling, due to anemic growth in most corners of the globe. Oil was $91.40 end 2011, $88.66 end 2012, $98.42 end 2013, and $53.80 end 2014. Food Prices: Sugar has plunged from over 0.33 per pound in August 2011 to 0.1479 today (Feb. 3rd), a drop of 55 percent. Corn has plunged from $7.65 a bushel in August 2012 to $3.67 today, a drop of 52 percent. Wheat, from $12.29 in August 2010, to $5.00 a bushel today, a drop of 59 percent. Copper a drop of 50 percent in the last couple years. Iron ore drop of 40 percent last year.

The depression cycle does not seem to be responding to any amount of money printing, excessive regulation, and uncertainty.


White House Attack on Russia and Israel Moved Beyond the Boundary of the Absurd into the Realm of Insanity Is Obama so desperate to have a place in history?








Obama Declares War on Russia, North Korea and China is Next

For propaganda to work well, there needs to be tight coordination between the State and the press. The role of the press is to first publish the propaganda, and second, to neglect to look into it or report on anything that might call it into question. Sins of omission and commission are both required.

The good news is that the internet is a great equalizing force and we can readily unearth inconvenient facts with a little digging that blunt the propaganda. The bad news is that a lot of people still get all their news from so-called ‘official’ sources.

When central banks print reserves far in excess of domestic savings, the result is inevitably inflation. The U.S. has printed $4 trillion, more or less. Japan has printed similar amounts, as have the Europeans. This is monetary inflation on a massive scale – unprecedented outside of efforts to finance World War I and World War II. And yet, far from seeing any lasting increase to commodity prices and wages, we see collapsing profit margins, moribund unemployment figures, and even falling commodity prices of deflation.

(Ron Paul Reckless Congress ‘Declares War’ on Russia Dec 4, 2014)


A rift is emerging between the US and Israel, after Barack Obama’s administration hit out at Israeli leader Benjamin Netanyahu for speaking to Congress without his consent.

The Democrats say they are in the dark about Prime Minister Netanyahu being allowed to speak to Congress about Iran. The Israeli Prime Minister believed the ‘two-party leadership’ of Congress had invited him.

The White House made an announcement that Netanyahu will not be granted an audience with either Obama or the Secretary of State, John Kerry, during his next planned visit to the US on March 3. Mac Thornberry, the chairman of the House Armed Services Committee, saying Congress was exercising its proper constitutional role.

“To ask a foreign leader who is at the center of a huge number of the challenges facing the country to come talk to Congress, how is that not within our purview as an independent branch of government, to hear from him directly?” according to Reuters.

(Gary Cameron, Reuters, January 23, 2015)

Matt Patterson (Newsweek Columnist) writes “Years from now, historians may regard the 2008 election of Barack Obama as an inscrutable and disturbing phenomenon, the result of a baffling breed of mass hysteria akin perhaps to the witch craze of the Middle Ages. It could not have gone otherwise with such an impostor in the Oval Office.”

(Newsweek Magazine)

America’s middle class is getting poorer and disappearing. Or put another way, how capitalism dies. Obama claimed credit for a ‘recovery’ that has left the typical American poorer than he was before his office. And not only are they poorer, but also they are more dependent on the very people who engineered the phony recovery.

(Stansberry Research)


2015 Europe May Go Down the Tubes Why is an economic war better than a cold war or hot war?  

Since The United States declared economic war on Russia, the White House has attacked the currency of a sovereign nation for uneconomic reasons. The economic wars are today’s wars.

The Saudi Riyal is pegged to the dollar at 3.75 to 1. This occurred in 1986.

Russian debt to GDP is roughly 14%. Their debt to GDP is pristine. Japan’s is 227%, Greece 175%, Italy 132%, and the U.S. 105%.

Severe austerity measures continue to hollow out Europe’s economic growth. All the austerity measures that Europe has implemented have done nothing to reduce debt levels. It has created some of the worst social chaos in modern times. 

The proof is in the numbers. Before the Greek crisis flared up, debt-to-GDP in Greece stood at 113 percent. Today according to the most recent data and even after all the write-offs Greece’s debt-to-GDP stands at a whopping 174 percent.

In Spain, pre-crisis debt stood at 40 percent of GDP. Today it is 97.6 percent.

In Italy, debt to GDP is hovering near 100 percent while France is set to exceed 100 percent early next year.

Spain’s unemployment is stubbornly high at 24 percent. Portugal’s, 13.4 percent. Italy’s, 13.2 percent. Greece’s, 25.9 percent.

Unemployment among youth is still off the charts. From the second quarter of 2008, the youth unemployment rate, those under 25 years of age, has skyrocketed and now stands at 23.1 percent.

All told, over 24 million people are jobless in the 28 European member states.

European banks are still saddled down with huge debts. Plus, the sanctions against Russia are killing small- and medium-sized European businesses, which threatens to set off new rounds of loans that will go bad.

Deflation is high. With austerity measures squashing growth all over Europe, deflation is starting to run rampant.

As Debt to GDP worsens, economic activity slows further. Unemployment worsens, and more. 

(Weiss Research)


Sex Is Dead in Japan Why is Japan committing economic Hara-kiri?

It is one thing to naturally have fewer kids as a country urbanizes and gets more wealthy. It costs more to raise and educate kids in such a society and so couples naturally choose to have fewer kids and educate them better. Every developed country has seen such trends, as have the urban populations of emerging countries.

In Japan, there is something downright scary. They not only have one of the lowest birth rates per 100,000 women of 1.41 vs. a 2.1 replacement rate, but single and married people increasingly have no interest in sex or romantic relationships.

The one thing that Japan, East Asia and southern Europe share is that women get virtually no help from the government, corporations or their husbands when they have kids.

Key Findings for Japan

  1. 45% of women and 25% of men 16 to 24 are “not interested in or despised sexual contact”.
  2. More than 49% of Japanese citizens are single.
  3. 40% of unmarried men and 61% of unmarried women age 18 to 34 are not in any kind of romantic relationship.
  4. 23% of women and 27% of men say “they are not interested in any kind of romantic relationship”.
  5. 39% of Japanese women and 36% of men of child-bearing age, 18 to 34, have never had sex.
  6. Women in their early 20s have a 25% chance of never getting married and a 40% chance of never having kids.

Japanese laws and social customs make it extremely difficult for women to have a career and a family. Women who get pregnant, or even just marry, are generally expected to quit work and become a housewife. The following shows men’s reasons for staying single and the survey results for women as well and they are mostly similar. The survey was taken periodically between 1987 and 2011.

The Key Reasons

  1. 2% of men and 51.3% of women: “cannot meet a suitable partner”.
  2. 2% of men and 30.4% of women: “do not feel the necessity”.
  3. 3% of men and 16.5% of women: “do not have enough money”.
  4. 5% of men and 31.1% of women: “do not want to lose freedom or comfort”.

On top of this extraordinarily high lack of interest in sex and having families, the Japanese live longer than any other wealthy country in the world, with a life expectancy of 84 vs. 79 in the U.S. and 80 to 81 in most of Europe. That means they retire longer and require more support from a dwindling workforce.

Japan’s population is projected to fall from a peak of 128 million recently to about 97 million by 2050… that is a decline of 24%. Much worse and even more critical is the enormous fall in workforce growth of the population aged 15 to 64. It peaked in the mid-1990s at 87 million and is projected to fall to 48 million by 2050. A whopping 45%. By 2050, that 48 million workforce will be supporting 37 million elderly aged 65 and over.

(Dent Research)


CPI vs. PCE Who is responsible?

CPI (Consumer Price Index) is calculated by the BLS (Bureaus Labor of Statistics). It is the measurement to determine the amount of Social Security that Seniors will receive. CPI is what people buy.

PCE (Personal Consumption Expenditures) is calculated by the BEA (Bureau of Economic Analysis). PCE is what businesses sell. PCE excludes food and energy.

PCE is always higher than the CPI. 

Retirement Social Security payment to Seniors who have worked in America and contributed receive the designated poverty level ($35,000) while the White House and Congress receive millions in retirement incomes and benefits.

Yet, the White House and Congress cry ‘poor mouth’ and eat from a silver spoon.

So, who is responsible…an illiterate voting public.

(Economic Research)


Only Option Governments Have Left to Save the World Economies Is a World War (WWIII)…So, The only question left is who will be the sacrificial lamb?

Country vs. Smaller Government







The problem for business is a lack of customers. Making borrowed money cheaper does not change anything.

The National Retail Federation (NRF) said that revenues for retailers were down more than 11.3% year-over-year for the four-day Thanksgiving shopping holiday.

The consumer price index (CPI) – the rate at which prices increase – put the CPI at less than 10%. Independent analysts and housewives know it is a lie. Prices are rising at about 25% per year. Two percent was the number given for consumer price inflation by the U.S. Bureau of Labor Statistics (BLS).

At a press conference, the question was asked: “Really, do you think consumer prices are only going up at a 2% rate in the U.S.?”

U.S. Factory Orders tumbled 0.7% in October (missing 0.0% expectations) for the 3rd month in a row for the first time since June 2012. 

Non-durable orders -1.5%, non-defense, ex-air tumbled 1.6%, and inventories-to-shipments levels are at the year’s highs.  

More problematically for GDP enthusiasts, October inventories of manufactured non-durable goods decreased 0.5% to $249.0 billion driven by petroleum and coal products…but wait lower oil prices are unequivocally good, right.

The New York Times reported that the Congressional Budget Office (CBO) had decided to include government’s health care spending, dollar for dollar, as income to American families. In the blink of an eye, the government numbers (aka statistics) at the CBO increased the household income of the bottom fifth of the population by $4,600 per household, thus lifting poverty above the poverty line. The government does indeed spend nearly $8,000 on the average Medicaid beneficiary per year. As for the average Medicare recipient, the total rises to $12,000. So the statisticians seem to be on solid ground in terms of adding this money to the “income” of the people who receive it.

What is the entire U.S. federal budget – not to mention state and local budgets – if not a benefit to the citizens, residents, and forced illegal immigrants of the United States of America? So take the whole budget and divide it up. And now you have the poorest people in America with household incomes of about $55,000. No more poverty. Poverty solved. No need for welfare. Voila, we have won the war on poverty without firing a shot. Same with the Recovery.

Most government economists today think they work in a branch of hard science, not a branch of philosophy. They think they face bounded problems that can be reduced to numbers and then manipulated and solved. But there is no science in it. There are no reproducible results. The initial conditions were never controllable. And you can never disprove a hypothesis. As a result, the “theories” are all leading misinformation and the government numbers are all meaningless. Just ask the bottom 20% of American households who were told they were no longer poor – or less poor – with a few clicks of a button in a computer tab.

The government wants the lowest CPI possible. A low CPI helps keep revenues up (costs to taxpayers or employed workers) and costs down (more money for government programs).

Social Security payments, for example, are adjusted to CPI increases. So are the Fed’s inflation-protected bonds and taxes, too.

The new poor are Social Security recipients having to pay income taxes since 1983 on a low payout of 5 percent of Congressional and White House tax exempt retirement.

Under the current condition Social Security recipients should be receiving a modest $60,000 tax exempt retirement income…now that provides real economic Recovery and Stimulus.

Common sense fix is that ALL government retirement programs (state, county, city, military, federal, congressional, white house) should be retroactive illegal. Social Security should be the only legal government retirement program for all Americans.

Those in the US who are socialists and communists should appreciate real ‘equality’.

Every investor has an idea of how much he has made. But no one knows for sure. If you calculated inflation the way they did in 1980 since the system has been modified twice, then you would have an inflation rate today of about 9%, not 2%. And if that were true, the stock market gains from 1980 to 2012 would disappear.

Meanwhile, governments worldwide keep inventing new ways to torture the numbers. Full-time jobs are down significantly in the US. The labor participation rate remains at 35 year lows. The latest media headlines read “No Job Market For Men”…aka (also known as)…no white male need apply.

With the participation rate remaining flat at 62.8%, essentially the lowest point since 1978, is driven by a 37.2% unemployed labor force. Using the government’s own statistics, ‘real’ (adjusted for inflation) household income is back to where it was in 1989.

Governmant Employment High - Civilian Employment Still Dropping





Source of Jobs

The source of jobs is savings. Savings and thrift should be encouraged and discouraged as an economic stimulus. A worker can earn a living  only if they have an abundance of high quality tools to produce what someone else is willing to buy. Tools come from savings.

A key principle of today’s government economic programs is to rob Peter to subsidize Paul. The more socialist a country is the fewer people will invest their savings and the less savings.

The less savings, the less jobs. The fewer jobs, the less pay.

The result is poverty.

The source of all jobs comes from savings, not government.

This political cycle that oscillates between a shortage of savings and declining good jobs, plus a growing large population who must be supported at the expensive of government politician cost of living is a main reason why two parents must work today outside the home to make one decent income. In million of cases, no one is raising the children.

This is an infallible recipe for a breakdown in ethics.

A large amount of “science” is not science…it is a synonym for government politics. An argument for higher taxes. It becomes a shrinkage for telling the truth and being honest.

The need for ethical leadership has never been greater. For years now, there has been a relentless destruction of ethics. Dishonesty should not be rewarded or be its own reward.

Honesty is not only the best policy, but the only policy.

It is not so much agreeing or disagreeing about a person’s view or necessarily a political issue as it is the ethics and honesty of the deliverer and the honesty of the message.

A point that was not highlighted in the reports was how much illegal activities added to GDP ( a country’s Gross Domestic Product government numbers).

Remember that as of September countries of the European Union began including estimates of prostitution, illegal drug sales, and other illicit businesses in their calculations of GDP.

If these items are backed out of calculation, the results might fall below the zero line. It is odd to think that Germany might have hookers and drug addicts to thank for keeping the country out of a deepening depression.

The current condition in the US is…

Many innocent people will unnecessarily be killed because of political correctness.


“Are You Better Off” and “I Hear You”: Obama Desperate to Deflect Indictment, Impeachment, Imprisonment  Who is in charge now? 

Obama Foreign Policy



Louisiana Senator Elbert Guillory talks about the state of affairs in the United States.


President Obama is lying to the American people describing Islam as religion. There are no moderate Muslims in Islam. (Saturday September 20 Mosab Hassan Yousef, son of one of the founders of Hamas (Sheikh Hassan Yousef), speech in Boca Raton Florida about his book Son of Hamas

In 1786 Thomas Jefferson and John Adams met in Tripoli with the Islam nations, which had declared war on the United States, a nation with which they had no previous contact.

In 1801 after Muslims attacked American ships and enslaved American citizens, United States declared war on Islam. (Barbary War)

ISIS Islamic State









Quagmire war in Syria is a five-way conflict including (1) Assad regime, (2) ISIS, (3) al-Qaeda, (4) Independent rebel forces, (5) United States.

Civil war in Iraq is a five-way conflict including (1) the Shiites, (2) the non-ISIS Sunnis, (3) the Kurds, (4) ISIS, (5) United States.

“Nobody can predict how long governments can get away with fake growth, fake money, fake jobs, fake financial stability, fake inflation numbers and fake income growth,” New York-based Elliott wrote. (Bloomberg November 4th)

White House Socialism







US Labor Force Participation Rate








Half of recent graduates 22 to 29 years old are underemployed (work below potential and value), while 1/4 (one-fourth) of them must live with their parents.

Almost 25% of young adults 25 to 34 years old are living with their parents. As such, they have had to put off marriage for years and cannot buy a home at the same pace as previous generations. (Pew Center for Research)

Department of Agriculture estimates that it cost $245,000 to rear a child born this 2014 year.

The typical American household has been  getting poorer with inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was $56,335 or a 36 percent decline. (Study financed by the Russell Sage Foundation published in the New York Times)

“Are You Better Off” 91% Americans say “No”

Job Cuts Surge 68% While Hiring Collapses (Weiss Research)

“I Hear You” 91% Americans say “You Do Not”

If so…

1) Abolish and Resend Obamacare National Health Care

2) Abolish and Resend ALL Executive Orders

3) Produce Your Authentic Birth Certificate (Stansbury Research)


RED ALERT: This Means War…White House Staged War Who is at war with whom? 

Danger Zone

Shiite Islam vs. Sunni Islam vs. World over Oil Called Religion



Shiite Islam Side: Iran, Iraq, Syria, Lebanon, Hezbollah, Mahdi Army, Russia

Sunni Islam Side: Saudi Arabia, Egypt, Turkey, Libya, Yemen, Pakistan, Nigeria, Somalia, ISIS, al-Qaeda, Hamas, Taliban, White House, Council on Foreign Relations (CFR), United Nations (UN)

China (Diaoyu Islands) vs. Japan (Senkaku Islands) and United States vs. Vietnam, Malaysia, Philippines in South China Sea

China (Spratly Islands) vs. Vietnam, Philippines and United States, Brunei, Malaysia, Taiwan in South China Sea

United States (Ukraine) vs. Russia (Crimea) and China (Eastern Siberia-Pacific Ocean (ESPO) pipeline)

Christian South Sudan (Heglig Oilfields) vs. Islam Sudan (Abyei)

Argentina (Argentine Continental Shelf) vs. Britain (Falkland Islands)

National Liberation Army (ELN) (Caño Limon-Coveñas oil pipeline) and Revolutionary Armed Forces of Colombia (FARC) vs. Columbia

North Korea vs. South Korea, Japan, United States

United States — Muslim 0.6%; Australia — Muslim 1.5%; Canada — Muslim 1.9%; China — Muslim 1.8%; Italy — Muslim 1.5%; Norway — Muslim 1.8%

Denmark — Muslim 2%; Germany — Muslim 3.7%; United Kingdom — Muslim 2.7%; Spain — Muslim 4%; Thailand — Muslim 4.6%

France — Muslim 8%; Philippines — Muslim 5%; Sweden — Muslim 5%; Switzerland — Muslim 4.3%; The Netherlands — Muslim 5.5%; Trinidad & Tobago — Muslim 5.8%

Guyana — Muslim 10%; India — Muslim 13.4%; Israel — Muslim 16%; Kenya — Muslim 10%; Russia — Muslim 15%

Ethiopia — Muslim 32.8%; Bosnia — Muslim 40%; Chad — Muslim 53.1%; Lebanon — Muslim 59.7%

Albania — Muslim 70%; Malaysia — Muslim 60.4%; Qatar — Muslim 77.5%; Sudan — Muslim 70%

Bangladesh — Muslim 83%; Egypt — Muslim 90%; Gaza — Muslim 98.7%; Indonesia — Muslim 86.1%; Iran — Muslim 98%; Iraq — Muslim 97%; Jordan — Muslim 92%; Morocco — Muslim 98.7%; Pakistan — Muslim 97%; Palestine — Muslim 99%; Syria — Muslim 90%; Tajikistan — Muslim 90%; Turkey — Muslim 99.8%; United Arab Emirates — Muslim 96%

Afghanistan — Muslim 100%; Saudi Arabia — Muslim 100%; Somalia — Muslim 100%; Yemen — Muslim 100%

1.5 billion Muslims make up 22% of the world’s population. Projected to be 50% of the world’s population by the end of this century.

Twenty-two US senators have introduced into the 113th Congress, Second Session, a bill, S.2277, “To prevent further Russian aggression toward Ukraine and other sovereign states in Europe and Eurasia, and for other purposes. ”https://beta.congress.gov/113/bills/s2277/BILLS-113s2277is.pdf The bill is before the Committee on Foreign Relations.

Senate bill S.2277 Title I “Reinvigorating the NATO Alliance” deals with strengthening US force posture in Europe and Eurasia and strengthening the NATO alliance, with accelerating the construction of ABM (anti-ballistic missile) bases on Russia’s borders.

Senate bill S.2277 Title II “Deterring Further Russian Aggression in Europe” is about confronting “Russian aggression in Europe” with sanctions and with financial and diplomatic “support for Russian democracy and civil society organizations,” which means to pump billions of dollars into NGOs (non-governmental organizations) that can be used to destabilize Russia in the way that Washington used the NGOs it funded in Ukraine to overthrow the elected government.

Senate bill S.2277 Title III ” deals with military and intelligence assistance for Ukraine, putting Ukraine, Georgia, and Moldova on a NATO track, expediting US natural gas exports in order to erase European and Eurasian energy dependence on Russia, preventing recognition of Crimea as again a part of Russia.

Preparatory framework for war, hot or cold, with Russia, NATO Commander General Philip Breedlove announced his plan for a deployment of massive military means in Eastern Europe that would permit lightening responses against Russia in order to protect Europe from Russian aggression. This means war will continue, and that is clearly Washington’s intent.

(Dr. Paul Craig Roberts, Institute for Political Economy)

The truth is finally coming out … the Obama Administration is secretly shipping weapons to Islamic rebels. President Obama admission of being a Muslim of Islam in this broadcast produced for FOX News (9:57 min).

The ashes of World War I bequeathed us Hitler, World War II Lenin and Stalin, World War III Obama.

Putin has been in power in Russia for 15 years. During that time who has attacked, invaded or bombed more countries? Russia or United States?

(Weiss Research)

“One person close to President Putin said the Yukos ruling was insignificant in light of bigger geopolitical stand-off over Ukraine. President Putin said, Do you really think this matters? There is war coming in Europe.” (Financial Times)

Unless Russia and China submit, this means war.

(Dr. Paul Craig Roberts, former Assistant Secretary of the Treasury for Economic Policy and associate editor of the Wall Street Journal. Institute for Political Economy)


MH17 with One Finger Pointing at Russia and Three Pointing at the White House Why believe either?

Flight MH17Facts: Search reveals MH17 was diverted 200km north from the usual flight path by Kiev air control tower. SBU security confiscated the Air Traffic Control recording of the tower talking to flight MH17. Carlos, the Spanish air traffic controller working at Kiev’s tower has disappeared. Carlos’s assessment a partial compilation of his tweets is collected here: the missile was fired by the Ukraine military under orders of the Ministry of Interior – NOT the Ministry of Defense. Security matters at the Ministry of the Interior happen to be under Andrey Paruby, who was closely working alongside the US. (Crux Report)

White House lies about the orchestrated Malaysian MH17 airliner despite the conclusions by U.S. intelligence that there is no evidence of Russian involvement. (Dr. Paul Craig Roberts, Institute for Political Economy)


WAR Economy and GDP Lie Why does President Obama hate the rich, the have’s, and the World?

What motivates Sunni Islam Hamas has nothing to do with any moral thought; it has everything to do with taking from those who have more. The same hate the rich and take from those who have promoted by President Obama and his administration. (Krieger Commentary)

White House Socialism







As it turns out, the concept of GDP – and GDP growth – itself was not just vanity, it was a deceit. It was a total fraud because the cost was more debt. And by the 21st century, the burden of debt had become so great that the system could no longer move forward. (Stansberry Research)

There is NO RECOVERY; there is NO RECESSION; the last RECOVERY was 1942-1945; the last RECESSION was 1963-1971; the DEPRESSION is from 1971-1914 and still continues due to government debt and borrowing.

Economic Cycles: Depression Cycle started in 1971…the 2008-2014 period claim was a Trough (this is Not and never has been a Recession; thus it has never been over except in a delusional mind).

Despite the myths propagated by Keynesian economists, war does not create prosperity. It does quite the opposite.

Indeed war provides coverage for the ruination of the economy and it generally relies on the duration of the currency. And so we find that in World War I consumer prices rose 110 percent; in World War II prices rose 74 percent; in the Vietnam War prices rose 207 percent; in the War on Terror so far prices have risen 35 percent.

Free-market economist Ludwig von Mises, put it this way:

“War prosperity is like the prosperity that an earthquake or a plague brings. The earthquake means good business for construction workers, and cholera improves the business of physicians, pharmacists, and undertakers; but no one has for that reason yet sought to celebrate earthquakes and cholera as stimulators of the productive forces in the general interest.”

War is the last economic stimulus governments have left before collapse…

(Weiss Research)


Immigration – Multiculturalism – Political Correctness – Integration – Affirmative Action – Melting Pot – Equality – Prejudice – Racism – ALL FAILED Why is the world better off with history’s largest social experiment?

“ALL the Kings Horses and ALL the Kings Men” could not put the world back together again. (excerpt taken from children’s poem Humpty Dumpty)

Social experiments by governments around the world, all of which are totally committed to taking more and more to keep re-distribute of wealth from becoming a reality through work and thrift.

History is our teacher. This kind of confluence of unprecedented artificial formal social stimulus experiment from governments will not happen again.

But in these extreme times, history teaches smart people to understand you do not get something for nothing. At the same time, the vast majority out there will fall for every something-for-nothing miracle government cure.

History teaches that Immigration – Multiculturalism – Political Correctness – Integration – Affirmative Action – Melting Pot – Equality – Prejudice – Racism are super potent and highly dangerous suppressants that has prolonged determinants.   

History has taught governments nothing, it seems. This grand social experiment is no more than a last gasp of desperation designed to keep the greatest theoretical social attempt in history going forward – which is by definition is simply not possible.

Forced government social programs have failed. Left the world in turmoil. Left the world in chaos. Left the world broke. People have lost faith in government. People have lost faith in people in government.

People still prefer their own race. People still prefer their own prejudices. People still prefer their segregation. People still prefer their own choice. People still prefer to believe in their own culture. People still prefer to believe in their own country. People still prefer their liberty, freedom and family. People still prefer that they run their government and country.

People still prefer that Immigration – Multiculturalism – Political Correctness – Integration – Affirmative Action – Melting Pot – Equality – Prejudice – Racism be thrown in the garbage where it belongs. (Heritage Foundation)


Communist Argument Led by the US President & Democrat Party Should one wonder why history repeats itself? 

Communist Argument

President Barack Obama, speaking on the economy, told an audience in Osawatomie, Kansas: “‘The market will take care of everything,’ they tell us… But here’s the problem: It doesn’t work. It has never worked… I mean, understand, it’s not as if we haven’t tried this theory.” 

To believe what the president and many others say about the market’s not working requires that one be grossly uninformed or dishonest.

Capitalist Argument

The key features of a free market system are private property rights and private ownership of the means of production. In addition, there is a large measure of peaceable voluntary exchange. By contrast, communist systems feature severely limited private property rights and government ownership or control of the means of production.

People who live in countries closer to the free market end of the economic spectrum not only have far greater income than people who live in countries toward the communist end but also enjoy far greater human rights protections.

According to the “Economic Freedom of the World” report — by James Gwartney, Robert Lawson and Joshua Hall — nations ranking in the top quartile with regard to economic freedom had an average per capita GDP of $37,691 in 2010, compared with $5,188 for those in the bottom quartile.

In the freest nations, the average income of the poorest 10 percent of their populations was $11,382. In the least free nations, it was $1,209.

Remarkably, the average income of the poorest 10 percent in the economically freer nations is more than twice the average income of those in the least free nations.

Most of our major problems are a result of government.

We should recognize that unfettered government and crony capitalism, not unfettered markets, are the cause of our current economic problems and why the U.S. has sunk to the rank of 17th in the 2013 “Economic Freedom of the World” report. (Walter E. Williams – John M. Olin distinguished Professor of Economics at George Mason University)


Socialism (Equality) & Communism (Dictatorship) vs. Capitalism ( Inequality & Liberty) Equally poor or individual opportunity to succeed; ask the question if would you rather be born poor in a poor country or born poor in a rich and prosperous country?

Capitalism produced 2-two million new millionaires last year to a record 13.7 million millionaires through individual opportunity of self effort. Socialism and Communism to close the gap between rich and poor has made the poor poorer and destroyed much of the working capital that produces jobs for those who need to work for someone else in order to have a job.

Income for the poor rose with affirmative action, political correctness, and income re-distribution 0.4 percent. Income for those individuals who took the initiative to improve their lives gained 22.0 – 30.0 percent.

The secret and lesson to learn is not to hate the rich, what others have, or listen to government petitioning your vote through sorrow; but, learn the game of Capitalism about how to make yourself successful.

(Research Report from Condon at The Associated Press of more then 4,500 people in 23 countries)


President Obama Approval Rating Clings to 9% as Worst President in U.S. History What do you do when a country is under siege?

US Confidence in Obama






Countries are working to achieve political independence from the US sphere. They should. The American people are under siege from their US President and Congress.

What is at issue is whether economies throughout the world will let financial leverage dismantle the power of elected governments, and hence of democracy. Governments are sovereign. People are sovereign.

World central banks now rig all asset prices. “The system we have now,” Stockman says, “is one in which the Fed decides, through a Politburo of planners sitting in Washington, how much liquidity is necessary, what the interest rate should be, what the unemployment rate should be, and what economic growth should be.” 

 “There is no honest pricing left at all anywhere in the world because central banks everywhere manipulate and rig the price of all financial assets.” We cannot even analyze the economy in the traditional sense anymore because so much of it depends not on market forces but on the whims of people at the Fed.” (David Stockman – Former U.S. Rep. and U.S. Budget Director)

At issue is who shall rule the world: the emerging 1% as a financial oligarchy, or elected governments.

The two sets of aims are antithetical: rising living standards and national independence, or a renting economy, austerity and international dependency. (Michael Hudson, author)


Obama’s Muslim Army Who’s side is Washington on?

ISIS (Islamic State of Iraq and Syria) an enemy of the US and the army invading Iraq, by order of the White House was originally trained and armed by the CIA in Jordan to attack the Syrian government.  Now ISIS is a more declared enemy of the US.

ISIS was kicked out of Al Qaeda headed by Ayman al Zawahiri (Osama bin Laden’s successor) for being too extreme. Now, ISIS places oil reserves in southern Iraq in jeopardy. (Czeschin Report)


Obama Surrenders Iraq and Afghanistan to Iran Will the unity of Muslims be broken? 

The Obama administration lost both the Iraq and Afghanistan wars — a sentiment being offered by former Vice President Dick Cheney; and several other high-ranking officials who voted to start and end the war. (Weiss Research)


East (Islam) vs. West (Liberty) World War III Will faith in government be restored?  

Case for Islam…Islam Case for War

New Axis Russia, Iran, China, North Korea, Serbia, Chechnya, Uzbekistan, Pakistan, Afghanistan, Belarus, Syria, Sudan, Libya, Iraq, Venezuela (and growing…Maybury Research)

Case for Liberty…any contributors?

Old Axis Washington, Canada, England, Europe, Australia, Japan


White House Diplomacy Neutered When will the US recover from Washington? 

Defense Secretary Chuck Hagel has even admitted that the U.S. may not be perceived as being as powerful as it once was. With America’s threat of force effectively neutered, it becomes more likely that the countries we once held in check are now gearing up for aggressive acts on their neighbors. (Press Report)


2014 – WW III

2014- WW III






1989 – 2014 Brush Wars and Period of Re-Alignment

1989-2014 End Cold War






1959 – 1989 Cold War

1959-1989 Cold War







Ukraine or US & Europe in Undeclared War with Russia War to end all war, again?

White House orders NATO and US military exercises in Ukraine this summer to establish a military base (James Jeffrey – Washington Post). Purpose of the exercise is to defend the US dollar (Casey Research). This is reckless trop deployments with a credit-crazed military (Stansberry Research).


Battlefield Now Prepped Will it be bullets or butter?

For every major economic power throughout history, when governments became bankrupt and desperate for cash, they imploded by attacking others and their very own citizens, through sleight-of-hand tax increases, through confiscatory policies that first racked everyone’s money, then confiscated it, through loss of civil liberties, through propaganda and more, lots more.

This is what the United States is doing now. Russia is doing the same thing. Putin is rallying the national psyche. The Russian economy, weakened internally by corruption, by alcoholism, by declining revenues from the three-year bear market in commodities, is not in much better shape than Europe or the United States.

So the battlefield is now prepped. Russia versus the West. Russia versus Europe and the United States.

U.K companies are most worried about their financial services in Russia. France is worried about military sales and luxury goods. Germany has the biggest trade with Russia. And Switzerland and Germany also have the biggest banking and loan exposure to Russia.

Billions of dollars in foreign investment in some of the world’s biggest untapped oil reserves are at risk. Exxon Mobil Corp. (XOM), for instance, has drilling rights to 11.4 million net acres (46,134 square kilometers) in Russia, the company’s biggest single cache of drilling rights outside the United States. (John C.K. Daly – Oilprice.com)

Vladimir Putin’s incursion into Ukraine and the international condemnation that followed have not put a dent in Russia’s exports of gas and raw materials. Putin plans to roll back limits on Chinese investment in Russia. This will help replace Moscow’s lost access to Western capital.(Bloomberg)


White House Drives The World to World War III Is embarrassment worth war?

“The CIA director was sent to Kiev to launch a military suppression of the Russian separatists in the eastern and southern portions of Ukraine, former Russian territories for the most part that were foolishly attached to the Ukraine in the early years of Soviet rule.

Washington’s plan to grab Ukraine overlooked that the Russian and Russian-speaking parts of Ukraine were not likely to go along with their insertion into the EU and NATO while submitting to the persecution of Russian speaking peoples.  Washington has lost Crimea, from which Washington intended to eject Russia from its Black Sea naval base.

Instead of admitting that its plan for grabbing Ukraine has gone amiss, Washington is unable to admit a mistake and, therefore, is pushing the crisis to more dangerous levels.

If Ukraine dissolves into secession with the former Russian territories reverting to Russia, Washington will be embarrassed that the result of its coup in Kiev was to restore the Russian provinces of Ukraine to Russia.  To avoid this embarrassment, Washington is pushing the crisis toward war.” (Paul Craig Roberts – Institute for Political EconomyNew Great Game)


U.S. Reaffirms Commitment to Protect Japan Japan not so sure?

The US is vulnerable to losing Japan as an ally. (Guardian News)


U.S. Reaffirms Commitment to Protect Israel Israel not so sure?

President Obama said, “The US will not support Israel”. (Israel Now News) 


WWIII One step from war?

Professor Stephen Cohen, Russian studies professor at NYU, said that this is the worst East-West crisis since the Cuban missile crisis in 1962. Russia’s grievance is the belief the U.S. has betrayed assurances given when the Soviet Union broke up, that NATO would not expand into Russia’s front yard. But the U.S. push into Ukraine became undeniable with the release of Assistant Secretary of State Victoria Nuland’s potty-mouth diplomacy.

Long-time foreign correspondent Eric Margolis says Ukraine was too close for Russian comfort. “Unsubtle US efforts to bring ex-Russian Ukraine and the vital Sevastopol naval base in Crimea under NATO control — no doubt to punish Russia for supporting Syria and Iran — proved the last straw for the Kremlin.”

Now NATO’s secretary general has just confirmed its expansionistic plans and suspended cooperation with Russia. At the same time, Ukraine’s parliament has voted unanimously to conduct joint military exercises with NATO. Cohen says that in this tinderbox environment, we need to be careful about reckless NATO troop movements.

If NATO moves its troops to the Polish-west Ukrainian border, cautions Professor Cohen, much less into west Ukraine itself, Russian President Putin will almost certainly send his troops into southern and eastern Ukraine. If that happens we will have “an eye-ball to eye-ball confrontation between American and Russian military power.”

“Then we will be one step from war.”

It also pulls another block out from the foundation of the dollar’s role as the world’s reserve currency that will have hugely negative implications for funding the U.S. government’s debts. (Weiss Research)


United States and Russia Re-Align Allies Divide the world and conquer?

United States and Europe with Russia and China are influencing new world state alliances for the military and economic. There is no longer a balance of power.  


Socialism The Worldwide Status Quo What is the most effective way to control the masses?

With every country in the world Socialist, the most effective way to keep the Elite Wealthy wealthy is to make all others equal in status, pay, and wealth. It is understandable why Capitalism is opposed so strongly by those in government and by the Elite Wealthy class.  

World wealthy classes preserve their own wealth through controlling the economy by raising taxes (socialism), slashing wages (socialism), and cutting social services (socialism) for the working class. (Weiss Research)


Ukraine What countries make up the former USSR?

History is on the side of Russia. The former USSR was Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Latvia, Lithuania, Moldova, Russia, Ukraine, Uzbekistan.

The vote in Crimea was historic at 96% in favor of secession, creating to every government of every country that now fears secessionist movements within their own country.

Sanctions threaten 30% of Europe’s natural gas, which comes from Russia and almost 80% of that gas flows through the Ukraine.


Foreign Presidents Why does the United States have to import its Presidents from other countries and cannot produce one out of the American education system?

If you want a correct answer, do NOT ask a business person, do NOT ask anyone in government, do NOT ask an education administrator, do NOT ask anyone except a Teacher who does the work and closest to the problem.


WAR in Middle East, East China Sea, Artic, and Ukraine Threaten Nobel Peace Prize Listen closely, as these are the sounds of war.

Middle East

2008 September Middle East War

2013 September Middle East War

East China Sea

Conflict for War

East-South China Sea

ADIZ (Air Defence Identification Zone) over East China Sea Region


Arctic Oil & Military




Energy Puzzle™


GeoPolitical Political Conflict of Energy Worldwide



June 2015

Saudi to Left…Iran to the Right…ISIS in the Middle

Trafficking and Crimes at the Bakken in North Dakota

200 Billion Barrels of Canadian Oil…Near or Remote

Financial Warfare with Oil


June Special Report on Energy Worldwide

Global primary energy consumption increased by just 0.9% in 2014, a marked deceleration over 2013 (+2.0%) and well below the 10-year average of 2.1%. Growth in 2014 slowed for every fuel other than nuclear power, which was also the only fuel to grow at an above-average rate.

Growth was significantly below the 10-year average for Asia Pacific, Europe & Eurasia, and South & Central America. Oil remained the world’s leading fuel, with 32.6% of global energy consumption, but lost market share for the fifteenth consecutive year.

Although emerging economies continued to dominate the growth in global energy consumption, growth in these countries (+2.4%) was well below its 10-year average of 4.2%. China (+2.6%) and India (+7.1%) recorded the largest national increments to global energy consumption.

OECD consumption fell by 0.9%, which was a larger fall than the recent historical average.

A second consecutive year of robust US growth (+1.2%) was more than offset by declines in energy consumption in the EU (-3.9%) and Japan (-3.0%). The fall in EU energy consumption was the second-largest percentage decline on record. (BP Research)

* Taiwan, Australia, and Japan are cutting 420,000 barrels a day of oil-refining capacity.

* Saudi Aramco is closing down its 88,000-barrel-a-day refinery in Jeddah.

* Russia is shutting down 440,000 barrels a day of refining capacity.

* Beijing has new regulations that will likely force closure of as much as 240,000 barrels a day of Chinese refining capacity. (Oil & Gas Journal)


May 2015

Saudi Holds Oil Market Share and Forces Decline in US Shale Production

IEA Reports Battle for Global Oil Market Share Just Started


World’s Five Largest Oil-Producing Countries
1980 1990 2000  2010  2014
1. USSR USSR Saudi Arabia Saudi Arabia U.S.
2. U.S. U.S. U.S. Russia Saudi Arabia
3. Saudi Arabia Saudi Arabia Russia U.S. Russia
4. Iraq Iran Iran China China
5. Venezuela Mexico Venezuela Iran Canada


Barrels of Oil (BOE)

When the first oil wells were drilled they had made no provision for storing the liquid so they used water barrels. That is why, to this day, we speak of barrels of oil rather than gallons (42 gallons) or liters (5008.099782).

2015 World Oil Demand

2015 World Oil Demand






2015 World Oil Supply

2015 World Oil Supply







2015 Cost of Producing One New Barrel of Oil

Arctic                                   $115 – $122 per barrel

Oil sands                                $89 – $96 per barrel

US shale oil                            $70 – $77 per barrel

Deepwater offshore                $54 – $60 per barrel

North Sea                               $46 – $53 per barrel

West Africa offshore              $38 – $44 per barrel

Russia onshore                      $15 – $21 per barrel

Middle East onshore              $10 – $17 per barrel

(Source: Reuters survey of oil industry experts)


Countries Hardest Hit by Falling Oil Prices

Country                     Price Per Barrel to Balance Budget               Daily Production (bpd)

Nigeria                        $123                                                               2.5 mil

Venezuela                   $118                                                               2.5 mil

Iraq                              $101                                                              3.0 mil

Russia                         $100                                                             10.4 mil

Iran                              $100                                                             3.5 mil

(Source: Deutsche Bank & US Energy Information Administration)


White House and Saudi Government Conspire Together to Force Oil Prices and Stock Markets

White House and Saudi Arabia






Oil Reserves by Country

Oil Reserves by Country








Proportion of Natural Gas Needs Met by Russia

Proportion of Natural Gas Needs Met by Russia







Why Would the World Go to War Over Oil Called Religion…

Proved Oil Reserves








World Oil Reserves

Oil Reserves







World Oil Supply

World Oil Supply







Safest Energy

Safest Energy





US & Canada Pipelines

US Canada Pipelines






Europe Dependent on Russian Gas to Keep Lights On

Country Share of gas supply from Russia
Estonia 100%
Finland 100%
Latvia 100%
Lithuania 100%
Slovakia  98%
Bulgaria  92%
Czech Republic  78%
Greece  76%
Hungary  60%
Slovenia  52%
Austria  49%
Poland  48%
Germany  36%

(Czeschin Report)


Nuclear Electricity Generating Countries

Nuclear Electricity Generating Countries








Top Oil Producing Countries 

Oil Producing Countries

Top Oil Production Countries 

Oil Production








Global Crude Oil and Liquid Fuels Supply Countries 

Crude Oil and Liquid Fuels Supply Disruptions





OPEC Oil Spare Production Capacity 

OPEC Spare Capacity







North America Proved Oil Reserves

North America Proved Oil Reserves





Global Copper Consumption

Global Copper Consumption







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Enigma Report™


June 2015  

“Whatever you think, whatever you believe,
whatever your opinion, whatever you disagree, it pays to consider to be prepared.”
– Thomas Fletcher Grooms


Man Playing Chess Game






Explanation of United States Employment Report and Wages

Dent Research White Paper click here

280K Job Additions

Here is the real story…

  • Education and Health (i.e., teachers right at poverty line): +74,000
  • Leisure and Hospitality (i.e., waiters below poverty line): +57,000
  • Retail Trade (i.e., minimum wage store clerks below poverty line): +31,400
  • Temp Help (i.e., below poverty line): +20,100

In fact, these lowest quality jobs accounted for 2/3-two-thirds (75%) of all jobs gains.


The number of self-employed workers surged by 370,000 in May, according to the U.S. Labor Department’s survey of households released Friday. And nearly 1,000,000-million workers have gone to work for themselves since just February.


The report is the latest sign that entrepreneurial activity is on the rise. The number of business start-ups rose in 32 of the 50 U.S. states last year, the Kansas City, Missouri-based Kauffman Foundation reported Thursday. The Kauffman Index of Start-up Activity, which is an indicator of new business creation, had the biggest increase in the past two decades. “It is evidence of a growing do-it-yourself economy”, said Chris Rupkey, Chief Financial Economist at Bank of Tokyo-Mitsubishi UFJ. “The market for self-employed workers is booming and this is a sign of a pickup in entrepreneurial activity”.

Why…Here is the real story…

Over 62% of the U.S. workforce is unemployed (FED and BLS), so there are no jobs to be found. Out of desperation and no choice, entrepreneurial activity is Washington created and spurred on by the White House and Democrat programs. These are not entrepreneurs, but desperate people in an attempt to survive and praying for a miracle. The report above is ‘nuts’.


New Europe Employment Numbers

Greece 25.4% unemployment

Spain 22.7% unemployment

Italy 12.4% unemployment

France 10.5% unemployment

Germany 4.7% unemployment

(Dent Research, 2015)


Europe 2020 Indicators – Employment 

Most recent data: Further Eurostat information, Main tables.

This article is part of a set of statistical articles based on the Eurostat publication Smarter, greener, more inclusive? – Indicators to support the Europe 2020 strategy. It provides recent statistics on employment and other labour market-related issues in the European Union (EU), key areas of the EU’s Europe 2020 strategy.

The EU’s workforce, shrinking as a result of demographic changes, has to support a growing number of dependent people. This is a potential risk for the sustainability of Europe’s social model, welfare systems, economic growth and public finances, exacerbated by the recent economic crisis and intensifying global challenges and competition from developed and emerging economies.


Deflation Increasing Worldwide

Deflation ↑






Deflation ↑ Stock Market

Deflation Stock Market







Deflation ↑ Import Prices

Deflation Import Prices






Deflation ↑ Commodities

Commodity Deflation







Obama and Democrats Math ‘F’

There are approximately 160 million men and women in the U.S. workforce. The BLS (Bureau of Labor Statistics) reports 5.5% unemployment. Under Obama and the Democrats administration several new levels for reporting unemployment have been created.

Level U-3 Total unemployed, as a percent of the civilian labor force or official government reported unemployment rate. (Government unemployment insurance claims) (BLS 8,800,000 unemployed)

Level U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force. (Total labor force) (FED 92,900,000 unemployed)

The BLS reports that there is 5.5% unemployment (Level U-3). 5.5% of 160,000,000 equal (=) 8,800,000. Meaning there are approximately 8,800,000 men and women unemployed.

The FED reports that there are 92,900,000 men and women unemployed not counted in the workforce. So, 8,250,000 men and women unemployed plus (+) 92,900,000 men and women unemployed equal (=) 101,700,000 men and women unemployed, actual.

Actual, 101,700,000 men and women unemployed of approximately 160 million men and women in the U.S. workforce equal (=) 63.5625% actual unemployment.

Go figure…

Supplemental Nutrition Assistance Program (SNAP) reports that the number of ‘Food Stamps’ recipient beneficiaries are 46,252,064 Americans (Department of Agriculture – USDA). With a U.S. population of approximately 320,000,000, this means there are approximately 14.453% of the U.S. population receiving monthly ‘food stamps’.

The standard of living for the average working American household has dropped nearly 10% in the last 10 years.

U.S. Household debt has increased 2.8%.

U.S. Corporate debt has increased 5.9%.

Global debt has increased $57 trillion since 2007, outpacing GDP in countries and Deflation.

Global Government debt has increased 9.3%, outpacing tax revenues and world Second Great Depression.

Prior to 1971 before going off the gold standard, U.S. Debt expanded by 4.5 times while GDP  (Gross Domestic Product) increased by 4.65 times. Since 1971, U.S. Debt has expanded by 3.35 times faster than GDP, which has declined by a -2.0% each year. (Dawson and Seater)


Average Salaries Awaiting 2015 College Graduates…If They Can Find a Job

At the top…$80,600 for newly minted petroleum engineers.

Computer science majors…$61,287.

Bachelor’s degrees in math and sciences…$56,171, with physics majors leading at $64,625.

Bachelor’s degrees in business…$51,508.

Agricultural sciences and natural resources…$51,220.

Health care…$50,839.

Communications…$49,395. (Stansbury Research)


9 Countries Debt Above 300% GDP and 39% Debt Above 100%

Global Country Debt to GDP

Global Country Debt to GDP









Global Debt to GDP Ratio since 2007

Global Debt to GDP Ratio since 2007









US Retail Sales Plunge Twice As Much As Expected…Worst Back-To-Back Crushing Drop Retail Sales

Despite all that low interest rate low gas price stimulus, January was more of the same as hopeful expectations for a modest rebound were denied. Falling 0.8% (against a 0.9% drop in Dec), missing expectations of -0.4%, this is the worst back-to-back drop in retail sales since Oct 2009. Retail sales declined in 6 of the 13 categories. (Bank of America)

US unemployment at 39.1% (BLS), jobs living non-existent, jobs 25 hour work week up, income declines continue to accelerate destroying consumer spending.

US Retail Sales

Retail Sales US







Obama ‘Affordable’ National Health Care Highest Personal Consumption Spending

White House forces gas prices down to cover Obamacare tax. Obamacare is the highest tax ever created in US history.

Obama 'Affordable' National Health Care







US New Home Sales Take Historical Plunge

New Home Sales 2014






US Average New Home Sales Prices Continue 8-year Decline

New Home Prices Continue to Decline (Deflation)







Real Cause of Inequality Is Not Racism…But Education and Making a Contribution

Education Real Cause Inequality







United States in Decline (Gross Domestic Productivity)

Home Ownership








Housing Prices Still Decline

Federal Debt Per Full-Time Worker Greater Than 4 Year College Degree







Federal Debt Per Full-Time Worker







Manufacturing Production












Europe, United States and Japan Jobs

Unemployment is reaching 65 percent in many parts of Europe. Europe, United States and Japan are broke. Europe, United States and Japan are launching massive tax schemes and aggressively confiscating citizen wealth. (Weiss Research)


Europe GDP in Decline (Gross Domestic Productivity)








Europe (EU) GDP Report

GDP Europe 2014






Value of US Dollar 1900-2013

Value USD 1900-2013






Debt and borrowing driven by government.


Real Inflation 20148% first of year (Weiss Research) to ↑ 11% now (Thomson Reuters CRB Index)

First Quarter GDP Decline ↓ 2.9% (Department of Commerce)

GDP Decline 2007-2014

GDP Decline








Look Who Is Exempt from Obamacare (National Health TAX…Largest Tax Increase in US History)

(1) The President’s and their Families

(2) Congress and their Families

(3) Supreme Court and their Families

(4) 1,200 Corporations and Unions

Economically and financially, the new law will bankrupt an already struggling middle class who has, in many cases, seen a four-fold increase in their monthly premiums.

By all accounts, life for those people is going to change dramatically in coming years because as much as 15% of their income will now be taken from them by force in the form of what the U.S. Supreme Court has classified as a mandated tax.

The death panels may not exist by name, but they most assuredly exist within the bureaucracy managed by the U.S. government, as evidenced by the experiences of actual people currently enrolled in the Obamacare system: 

Obamacare is denied at most cancer hospitals according to a recent Associated Press survey. Only four out of 19 of the nation’s best cancer hospitals who replied to the survey said they will accept patient’s insurance from all of the healthcare exchanges within their state, in effect excluding most people who are signing up for coverage under the Affordable Care Act, commonly referred to as Obamacare. In simple terms: If you get cancer you will not get medical care.

Again, in simple terms, An Instantaneous Collapse of Obamacare Services:

First, if you’re “27″ the average premium is $266.20/month or $3,194.40 per year. 

While the law may never be repealed and everybody who signed up thinks they still have health insurance, when it matters most there may well not be a doctor on the list who will be willing to help you. Why?

Because the government will outright deny the medical services and simply refuse to pay the doctor to provide it. That is a De Facto death panel. (Stansberry Research)


Cato Institute Study: Welfare Benefits Pay More Than Minimum Wage Job

The Cato Institute released an updated study (original study in 1955) showing that welfare benefits pay more than a minimum wage job in 33 states and the District of Columbia.

Even worse, welfare pays more than $15 per hour in 13 states.

According to the study, welfare benefits have increased faster than minimum wage.

It is now more profitable to sit at home than it is to earn an honest day’s pay.

Hawaii is the biggest offender, where welfare recipients earn $29.13 per hour, or a $60,590 yearly salary, all for doing nothing.

Here is the list of the states where the pre-tax equivalent salary that welfare recipients receive is higher than having a job:

1. Hawaii : $60,590

2. District of Columbia : $50,820

3. Massachusetts : $50,540

4. Connecticut : $44,370

5. New York : $43,700

6. New Jersey : $43,450

7. Rhode Island : $43,330

8. Vermont : $42,350

9. New Hampshire : $39,750

10. Maryland : $38,160

11. California : $37,160

12. Oregon : $34,300

13. Wyoming: $32,620

14. Nevada: $29,820

15. Minnesota: $29,350

16. Delaware: $29,220

17. Washington: $28,840

18. North Dakota: $28,830

19. Pennsylvania: $28,670

20. New Mexico: $27,900

21. Montana: $26,930

22. South Dakota: $26,610

23. Kansas: $26,490

24. Michigan: $26,430

25. Alaska: $26,400

26. Ohio: $26,200

27. North Carolina: $25,760

28. West Virginia: $24,900

29. Alabama: $23,310

30. Indiana: $22,900

31. Missouri: $22,800

32. Oklahoma: $22,480

33. Louisiana: $22,250

34. South Carolina: $21,910

As a point of reference the average Middle Class annual income today is $50,000, down from $54,000 at the beginning of the Great Recession (Depression).

Hawaii, DC, and Massachusetts pay more in welfare than the average working folks earn there. Is it any wonder that they stay home rather than look for a job.

Time to un-do this type of stupidity on the part of Americans? This is crazy.

Salary of retired US Presidents $180,000 FOR LIFE

Salary of House/Senate….$174,000 FOR LIFE

This is stupid Salary of Speaker of the House ….$223,500 FOR LIFE

This is really stupid Salary of Majority and Minority Leader $193,400 FOR LIFE

Average Salary of a teacher .. $40,065

Average Salary of Soldier DEPLOYED IN AFGHANISTAN .. $38,000

Nancy Pelosi will retire as a Congress Person at $174,000 Dollars a year for LIFE; PLUS she has retired as SPEAKER at $223,500 a year; PLUS she will receive an additional $193,400 a year as Minority Leader…That is $803,700 Dollars a year for LIFE including FREE medical which is not available to working Americans. ALL PAID by US TAXPAYERS.

This is just one gross instance of abuse that hundreds of Senators and Congress take as they float in and out every year.

Why should any honest decent American work…


White House Orders Job Creation for Political Votes Go to Illegal Immigrants…Not Americans

Government data show that since 2000 all of the net gain in the number of working-age (16 to 65) people holding a job has gone to immigrants (legal and illegal).

Greater than 100% of jobs went to immigrants because the number of non-immigrants holding a job is negative, and the total must equal 100%.

With 58 million working-age natives not working, the Schumer-Rubio bill (S.744) and similar House measures that would substantially increase the number of foreign workers allowed in the country seem out of touch with the realities of the U.S. labor market.

The trends since 2000 challenge the argument that immigration on balance increases job opportunities for natives. Over 17 million immigrants arrived in the country in the last 14 years, yet native employment has deteriorated significantly.

The total number of working-age (16 to 65) immigrants (legal and illegal) holding a job increased 5.7 million from the first quarter of 2000 to the first quarter of 2014, while declining 127,000 for natives.

In the first quarter of 2000, there were 114.8 million working-age natives holding a job; in the first quarter of 2014 it was 114.7 million.

Because the native-born population grew significantly, but the number working actually fell, there were 17 million more working-age natives not working in the first quarter of 2014 than in 2000.

Immigrants have made gains across the labor market, including lower-skilled jobs such as maintenance, construction, and food service; middle-skilled jobs like office support and health care support; and higher-skilled jobs, including management, computers, and health care practitioners.

Immigration has fallen in recent years. But despite the economy, between 2008 and the start of 2014, 6.5 million new immigrants (legal and illegal) settled in the country and three million got jobs. Over the same time, the number of working-age natives holding a job declined 3.4 million.

If the employment rate of working-age natives in the first quarter of this year were what it was in 2007, 7.9 million more natives would have a job. If the share working were what it was in the first quarter of 2000, 12.5 million more natives would have a job today.

The supply of potential workers is enormous: 8.7 million native college graduates are not working, as are 17 million with some college, and 25.3 million with no more than a high school education.

(The Center for Immigration Studies Report)

Illegal Immigrants 1









Illegal Immigrants 2









Illegal Immigrants 3


Illegal Immigrants 4







Illegal Immigrants 5


New Poor in The Recovery Cannot Afford Food

Amercians Cannot Afford Food






Survey-wide, 21 percent of families with children responded that they have had problems affording food; 15 percent of families without children reported such problems as well.

But the numbers are worse in the U.S., where 19 percent of people without children report food struggles. For people with children, 23 percent report the same challenges. That number has grown dramatically, up 12 percent from 2007 to 2013.

These survey results end before 2014 when food prices really began powering their way higher.

Conditions will worsen. (Weiss Research)

Social Security should be $48,000 Non-Taxable (now $16,000 taxed) at age 62; $54,000 Non-Taxable (now $26,000 taxed) at age 65, and $60,000 Non-Taxable (now $36,000 taxed) at age 70 under current program. Future years for Social Security moved from 62 to 65, 65 to 70, 70 to 72. Reward those who have made a contribution.

“Thirty-six percent (36%) of American workers age 55 to 64 say they have less than $25,000 in retirement savings.” — Employee Benefit Research Institute

“Fifty-one percent (51%) of households are at risk of not having enough savings to maintain their standard of living after retirement.” — The Center for Retirement Research at Boston College

“Sixty-six percent (66%) of Americans said their top financial concern was not having enough money for retirement.” — Gallup poll


Senior Poverty Continually Growing Last 7 Years in The Recovery

Senior Poverty








But more shocking is the account of the growing number of people aged 50 to 64, people who normally would be in their peak earning years, forced by economic conditions to move in with their parents!

The LA Times reports that “older people are quietly moving in with their parents at twice the rate of their younger counterparts. “For seven years through 2012, the number of Californians aged 50 to 64 who live in their parents’ homes swelled 67.6 percent to about 194,000.”

And now the Gallup organization finds that almost a quarter of families in the U.S. are struggling to afford food for their families.

That’s a higher percentage than their peers elsewhere in the developed world. (Weiss Research)


Job Lines in The Recovery Growing Larger

Job Line






The quality of jobs created the past seven years and in May of 217,000 jobs (BLS), however, is a different story. Despite this month’s gains, more than half of the jobs created were below the median wage of $22.95. Stunningly, nearly 30% of the jobs added in May went to the lowest wage bucket. In short; the low wage jobs recovery continues to march right along. (Dent Research)

In May, the BLS (Bureau of Labor Statistics) guesstimated that 205,000 new jobs were created at companies that were not included in the employment survey. The official report showed 6,000 new jobs in construction, but this includes 36,000 construction jobs added through the birth-death adjustment, while Leisure and Hospitality officially added 39,000 positions, but 79,000 were guessed-at. Without the fantasy jobs, construction would have lost 30,000 (6,000 minus 36,000), while Leisure and Hospitality would have lost 40,000 (39,000 minus 79,000). Maybe next month, the BLS could guess that a million new jobs were created, sending the markets to the moon and creating wealth for everyone, except those who need a real, not guessed-at, paycheck. (Dent Research)


Student Graduates Join Job Lines in The Recovery 

Some 50% of recent college graduates say they are receiving financial help from their family, while an additional 19% say they need financial help from their spouse. This is despite the fact that half of these graduates have full-time jobs, according to the latest installment of an ongoing study, “Arizona Pathways to Life Success for University Students,” carried out by Joyce Serido, an assistant research professor at the University of Arizona, who has been tracking 2,000 people at colleges nationwide since they were freshmen in 2008.


Highest Paid CEOs in Public Companies Perform Worst of All: Study

Calls for one $1 million dollar Cap on total compensation per year by law for all CEOs in all public traded companies and $500 thousand dollar Cap on total compensation per year by law for all Executives in all public traded companies.

*NOTE: this is not a vote against Capitalism since all Retirement money is required by Law to be funneled into the stock and financial markets. There is no limitations regarding privately held companies.

Wave goodbye to the theory that top pay guarantees top performance. The highest-paid CEOs are the worst performers, according to academic research cited by Forbes.

Michael Cooper, University of Utah David Eccles School of Business, and two professors, one at Purdue University and the other at the University of Cambridge, studied data from 1,500 companies with the biggest market caps. They found that the more CEOs got paid, the worse their companies did. At the very top, the 5 percent of CEOs who were the highest paid turned in the worst company performance — 15 percent worse than the average. Broadening the view a bit, the top 10 percent of highest-paid CEOS turned in company performance’s that were 10 percent worse than the average.

The study finds that among the top-paid CEOs, 19 percent did mergers and those deals resulted in a negative performance of 1.38 percent during the three years.

“The returns are almost three times lower for the high-paying firms than the low-paying firms,” Cooper argues. “This wasteful spending destroys shareholder value.”

The study also reveals that the longer CEOs were in their position, the more pronounced was their firms’ poor performance. Cooper attributes that to the tendency for CEOs to appoint allies to their boards who are more likely to go along with bad decisions.

“For the high-pay CEOs, with high overconfidence and high tenure, the effects are just crazy,” he says. In fact, they return 22 percent worse in shareholder value during three years as compared with their peers.

According to the Economic Policy Institute, average CEO compensation at the largest U.S. companies in 2013 was $15.2 million including stock options exercised, up 21.7 percent since 2010.

The institute found that from 1978 to 2013, inflation-adjusted CEO compensation grew 937 percent, compared with 10.2 percent for the typical American worker. Further, the CEO-to-worker compensation ratio that was 20-to-1 in 1965 hit 295.9-to-1 by 2013. (MoneyNews)


US Minimum $20 Per Hour or $35,000 per Year to Meet Federal Definition of Poverty in The Recovery

Minimum Wage Around The World

 Home Prices in The Recovery Still Sinking

Home Prices







Real estate is weakening in the U.S. and this “recovery” is faltering. Young people are not buying homes and the three largest banks have peaked. The housing market will never be the same. (Dent Research)


US Debt Result of FED Money Printing Since Gold Standard Deserted

FED Money Printing Since Gold Standard Deserted






FED Money Printing Since Gold Standard Deserted

FED Money Printing Since Gold Standard Deserted






Government Debt by Credit and Tax Payer Liability

State Credit







GDP Decline Since 1950

GDP Decline Since 1950






Top 12 Tax Havens for US Companies

Top 12 Tax Havens for US Companies









Top Income payroll tax went from 37.4% to 52.2%

Top Income tax  bracket went from 35% to 39.6% income of $400,000 and above 

Capital Gains tax went from 15% to 28%

Dividends tax went from  15% to 39.6% 

Estate tax went from 0% to 55% 

Congress: Taxes were passed  only with Democrat votes, no Republicans votes for these  taxes 

Taxes were all passed under the Affordable Care  Act…aka…Obamacare (IRS)

The way to crush the bourgeoisie (working class) is to grind them between the millstones of taxation and inflation. – Vladimir I. Lenin


Teaching: The Lowest Paid Profession in US…Our teachers, students, and education is our most important asset? 

Teaching has gone from a pleasurable profession, to a terrible job. Why…because of administrators and school boards, which should have never existed.

Since the creation of the formed in 1979 and level agency in 1981 Department of Education to make Socialist all public schools, the US has dropped from 99% literacy to below 75% literacy.

Teachers are not the problem. Teachers get the blame. Teachers are the excuse for management’s failure and incompetence. Management is the cause of the problem. The problem is management, has always been management, and will always be management.


Depression Cycle Effect on Education Performance

80% High school graduation a record high

20% or one in five did not finish the most basic level of education

70% in 2009 the high point enrolled in college

66% in 2013 enrolled in college supports fewer young people entering college

Given the cost of college, the recent economic downturn caused many families to re-evaluate if pursuing higher education was the right choice.

Unfortunately, this is not translating into more employment.

While recent college graduates work to find jobs in their field, recent high school graduates struggle to find any employment.

Those without high school diplomas are being left behind in record numbers.

1990s over 80% of those with just a high school diploma were participating in the labor force (either employed or looking for work) the year after graduation and roughly 70% had jobs.

2000s participation in the labor force — the year after graduation — had dropped to around 78% while employment had fallen to 60% and participation dropped well below 70%.

The net effect is that unemployment the year after high school — among those with just a high school diploma — was running at 10% in the 1990s, and is currently at 23%.

For those who did not graduate high school, it is worse.

That group had a roughly 65% labor force participation rate the year after high school in the late 1990s, while their employment rate was near 50%.

But the numbers have fallen dramatically since then, and have not staged much of a recovery.

2013 only 43% of this group was either employed or actively seeking employment, with 31% holding down a job — the key is that only 43% are participating in the labor force.

Where are the rest of them…Where are the 26% of graduates not participating in the labor force and where are the 57% of those who did not receive a diploma who are not participating in the labor force?

With one in five young people not achieving a high school diploma, expect a very large social issue to erupt in the years ahead because this group will have little work experience and little ability to establish and grow their own household. (Dent Research)

Economics: Deflation in few sectors with mostly inflation coming and rapid decline in the economy last 60 days causing severe hardships

Lateral Economy: Lateral markets exist because of no growth, no prospects of growth, and no momentum to drive the economy forward for years to come, which make for a lateral economy as the search for yield with increasing risks seek Re-Positioning and Transference from the Old to the New (weighting vs. multipliers).

Economic Cycle: Depression Cycle started in 1971…the 2008-2014 period was a Trough (this is Not and never has been a Recession)

1929 or 2014

1929 or 2014







2014 40% of Americans that have a job earn less than $20,000 per year

2014 15% or 46.5 million Americans now living in poverty

2014 48 million Americans now on food stamps, the highest number since the program began in 1969

2014 Median household income for Americans have declined 5 years in a row

2014 updates (Weiss Research)

Recovery: No economic recovery, no growth, no solid evidence, never been a recovery since 1963

White House definition of “Recovery” is keeping banks solvent; nothing to the US economy or its people.

Recovery Destroying Middle Class: People 50 to 64 are moving back in with their parents. And now at twice the rate of 18 to 29 year olds moving back in with mom and dad. (Goyette Research)

Recovery Creating Largest Poor Class in History: Making poor poorer unemployment at 38% and rising, the highest in the history of the US. (BLS)

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” – Ludwig von Mises

Economic Stimulus: War…The government spending in Afghanistan represents about 87% of the total GDP. (Davidson Research)

Climate Change: A political threat for more TAX and control over people’s lives…claim that must reduce emissions of greenhouse gases at risk of imperiling the planet…real threat more government…Solution in Private Sector with oil for living with reduced carbon emissions, NG (natural gas) to LNG (liquid natural gas) for transportation with no carbon emissions, nuclear plants for energy the cleanest form of energy known with no carbon emissions.

When ranked by their direct contribution to the greenhouse effect, the most considered are:

Compound   Formula   Contribution (%)
Water vapor and clouds     H 2O        36 – 72%  
Carbon dioxide    CO2        9 – 26%
Methane    CH 4        4 – 9%  
Ozone   O 3        3 – 7%  

The Smallest source of greenhouse gases and carbon footprints are from Coal (44%), Oil (36%), Natural Gas (20%), and all are being reduced by the Private Sector.

The Greatest source of greenhouse gases and carbon footprints are from Cows with greater emissions and more damaging than CO2 (Carbon Dioxide) from cars.

The oceans contain 3000 GT. The atpmosphere contains 720 billion tons of CO2 and humans contribute only 6 GT of CO2.

The  oceans, land and atpmosphere exchange CO2 (Carbon Dioxide) continuously so the additional load by humans is incredibly small. A small shift in the balance between oceans and air would cause a CO2 much more severe rise  than anything humans could produce.

Oceans absorb 48% of ALL carbon dioxide.

There is no single greatest source and no threat. (Independent Research UK)

The overall greatest threat of greenhouse gases and carbon footprints is the gasses given off by government.

Message to Global Warming and Greenhouse Gasses Radicals: New Little Ice Age Begins in 2014

Habibullo Abdussamatov, Russian astrophysicist, former head of space research at St. Petersburg’s Pulkovo Astronomical Observatory in Russia spoke a couple of years ago to the Heartland Institute’s Fourth International Conference on Climate Change in Chicago…saying…the average annual sun activity has experienced an accelerated decrease since the 1990s.

Abdussamatov took on advocates of the theory of man-caused warming who want to diminish human use of hydrocarbon fuels. He contended, instead, that a reasonable way to combat coming cooling trends would be “to maintain economic growth in order to adapt to the upcoming new Little Ice Age in the middle of the 21st century”.

 Abdussamatov’s research amounts to a sharp rebuke of climate scientists who believe human-generated carbon dioxide is responsible for causing catastrophic global warming, issuing instead a news flash announcing “Sun Heats Earth”.

Abdussamatov published a paper in which he tracked sunspot activity going back to the 19th century to argue that total sun irradiance, or TSI, is the primary factor responsible for causing climate variations on Earth, not carbon dioxide.

Moreover, Abdussamatov’s analysis of sun activity data has led him to conclude that the Earth is entering a prolonged cooling phase, because sunspot activity is currently in a phase regarded as a “minimum”.

“Observations of the sun show that as for the increase in temperature, carbon dioxide is not guilty’,” Abdussamatov wrote, “and as for what lies ahead in the coming decades, it is not catastrophic warming, but a global, and very prolonged temperature drop”.

Abdussamatov’s research is featured on page 140 of a 2009 report issued by the U.S. Senate Committee on Environment and Public Works, documenting more than 700 scientists who disagree that global warming is an anthropogenic, or man-made, phenomenon.

The Earth Is Not Flat…Sun Activity Determines Temperatures and NOT Global Warming and Greenhouse Gasses

Business: Higher stock price due to buying back shares to increase earnings per share, not profit performance.

Expatriates: Americans Leaving United States

Expatriates Americans Leaving United States





A skyrocketing number of Americans are deciding that they want to leave the U.S.A. for good.

Under Obama the country itself is becoming a disgrace and they no longer want to be associated with the US.

Almost 3,000 Americans officially renounced their U.S. citizenship in 2013, according to Treasury Department records, a 221% increase.

It is about to get worse, much worse. (Sovereign Daily Research)


Upward Mobility

United States Areas of Greatest Upward Mobility

United States Greatest Upward Mobility






Evidence that the South is still subsidizing the North since the Civil War.


Countries of the World with Greatest Upward Mobility

World Greatest Upward Mobility








Executive Pay: Executive pay and bonuses in public (not private) corporations are taken from the working public whose retirement money is directed into the stock market each month, more than profit performance, not put into R&D (research and development) to create new products for higher pay jobs, leaving retirees in their 401K, 403b, IRA, etc…without a livable income and life savings.

1914 – 1918 Income: average wage rose 63 percent…War period

1918 – 2014 Income: average wage rose 0 percent…FED period

1913 - 2012 Incomes









1948-2011 Productivity Growth vs. Income Growth

1948-2011 Productivity Growth vs. Income Growth







Wages and Salary All Time Low

Wages and Salary All Time Low






Profits Up and Real Wages Down

Profits Up and Real Wages Down






Only Graduate School Keeps Up with Pay

Only Graduate School Keeps Up with Pay







Women Pay: Women are on par in pay with men. Earnings of career female workers overall are equal to the pay of men. Career choices and time away from work to have and rear children are the real reasons for pay discrepancy. As a result, the women who spend less time on careers and loosing out on advancement earn about $0.77 cents for every $1.00 dollar other men and women earn with uninterrupted careers. (Kiplinger)

Age 20 – 29 Jobs Historical Low: The labor force participation rate in 2013 for Americans in their twenties hit the lowest level recorded since 1981, when the Bureau of Labor Statistics (BLS) started releasing employment data on people in the full age bracket of 20 through 29. The labor force participation rate for people ages 20 through 24, which BLS has been tracking since 1948—hit a 42-year low in 2013. (BLS)

Jobs: The jobless rate fell to 6.7% in December, but not because of more work. Instead, it was because less people were counted as being in the labor force. While 74,000 new jobs were created, over 500,000 people left the labor force because of their manager or company work environment.

  • We now have the lowest labor force participation rate in 35 years. This is not a great way to lower the rate of unemployment, and it surely is not a sign of confidence. Over the course of 2013, the economy created roughly 183,000 jobs per month, barely changed from the 182,000 jobs created each month during 2012.
  • The new 25 hour work week with new hires must find two 25 hour part-time jobs to equate to the past 40 hour work week – this is how the government is claiming a reduced unemployment number

However, from the top of the market in 2006 to December 2013, the number of construction jobs is still down by 2.3 million, which makes all the rah-rah about new home construction seem a bit shallow. We are not anywhere close to adding back the middle class jobs we lost.

The jobs report showed a solid gain in employment with the unemployment rate dropping to 7.0%, this was partly fueled by the return of government workers during the government shut down. (Dent Research)

Major companies and all others were hiring the last few months of 2013 employees on a 28 hour work week preparing for obamacare, a tax called national healthcare.

Now in 2014 these companies need more margin as they are scared of what he might further do using the IRS (Internal Revenue Service) to collect mandatory health care premiums from every citizen; so, now most all new job hires are a 25 hour work week for new employees. At present, less than 58% of working adults (38% unemployment – BLS, Bureau Labor of Statistics, it was 25% unemployment 1929-1939 without social support programs) have full-time employment.

Increasingly, over 91 million adult Americans have no jobs of the 160 million work force or 56% are now unemployed. A staggering 49% of all American citizens are on some form of welfare. (WSI Research)

Young adults, especially under 40 years of age, and anyone becoming a new hire are having to work 2-two 25 hour jobs to earn about the same income that a historical 40 hour work week provided. (WSJ)

At this year’s State of the Union address, the President made a big deal about income inequality…But what the President did not say was how his own policies were responsible for creating a larger gap between the rich and poor. (Davidson Research)

Housing: Still 30% deficient from full recovery of housing prices since 2008, no full recovery, home equity still underwater, there can be no housing recovery until the 2008 price levels are in place.

The U.S. Census Bureau’s metropolitan statistical area (MSA) residential permit report for January 2014 noted a third straight month of declines in permits, perhaps pointing to some underlying weakness in the housing market.

The statistics, released February 19, showed 937,000 privately owned housing units authorized by building permits, measured on a seasonally adjusted annual rate (SAAR). This represented a 5.4% decrease from the revised December rate of 991,000, though is still 1.0% higher than the January 2013 estimate of 915,000.

December’s and January’s frigid temperatures have been blamed for the sharp slowdown in permits, as well as a slowdown in hiring. The weather also chilled manufacturing output last month and has been linked to the unexpected retail sales drop in January.

The U.S. Census’ other statistics of note:

  • Single-family (SF) permits measured 602,000 units, a decrease of 1.3% from December 2013 but an increase of 2.4% from January 2013.
  • Annual Multifamily (MF) permits (5+) decreased to 309,000 units, a 13.0% drop from December’s annual rate, but were 2.7% higher than the comparable period a year ago.
  • U.S. housing starts plunged 16.0% in January to a seasonally adjusted 880,000, down from December’s total of 1,048,000.
  • Amid new supply concerns, MF starts stood at 300,000 units, a 12.8% drop from December, but still above the 2013 average of 295,000 units.
  • January completions for both SF and MF units increased by 3.0% and 9.5%, respectively. MF completions are averaging 190,000 units per month, on an annual basis.

The top 10 MSAs for MF permitting for the trailing 12 months ending January 2014 were:

Top 10 Metros




The top ten metros for MF permits remain the same as last month, but Miami and Denver have switched positions again. The total MF units permitted in the top ten metros (116,225) is only slightly higher than the total for the next 30 metros (113,768).

Within the current top ten metros:

  • MF permitting continues to increase in New York (46%), Houston (23%) and Dallas (17%); has leveled off in Los Angeles (5.2%) and Seattle (0.2%); and has decreased in Austin (-6.4%).
  • Atlanta and Miami have experienced a surge in MF permitting, with annual increases of 95% and 173% respectively.
  • Overbuilding in Washington, DC continues to be a concern. The MSA reported a 9.3% annual increase in MF permits of 8,715 units. With only 11,000 jobs gained between December 2012 to December 2013, the District metro is garnering less than a third of the jobs gained in 2012, 2011 and 2010 each.

Rent or Buy

Interactive Map

Interactive Map





The most expensive place to rent is Honolulu with an average monthly rent of $2,862. The least expensive place to rent is Montgomery County Arkansas with an average monthly rent of $699.

The San Francisco Bay Area’s six counties (Alameda, Contra Costa, San Francisco, Santa Clara and San Mateo) all are the nation’s top 10 most expensive places to rent, averaging more than $2,400 a month.

Data also shows that a third of Americans live in regions where average rents are unaffordable for median income earners.

The least expensive place to buy a home is Washington County Mississippi with an average mortgage of $217 a month and a median sales price of $42,000. The most expensive place to buy a home is San Francisco with an average home mortgage of $4,599 and a median sales price of $890,500. (RealtyTrac)

Charity: Government (Forced Charity) has been a dismal failure since 1963, does not work, never has worked, never will work, purpose only to buy votes of the poor and penalize the population; compared to, Private (Volunteer Charity) which does everything better, more efficient, more honest, without an ulterior purpose and benefits the entire population and nation.

Social Security: Social Security, a Formal TRUST Fund established by the Social Security Act of 1935 on August 14, is to provide a monthly income for all American Retirees. When Social Security was created, one of the fundamental promises by Congress and President (FDR) was that benefits would Never Be TAXED. Ronald Reagan (R) and Democrat Congress (D) including still in office Vice-President Joe Biden (D) and Senator John McCain (R), in the Tax Recovery Act of 1984 Taxed Social Security and Retirement Income Dividends of all American Retirees.

The purpose of Social Security and the American people have been betrayed by Presidents and Congresses; and, the TAXATION of Social Security has become a FUTURE TAX on the Poor, Young Adults, and Working Middle Class. Efforts to Repeal the TAX on Social Security has been Defeated year after year. The TAX on Social Security Income was Increased by the Clinton Administration on the Future of the Poor, Young Adults, and Working Middle Class. TAXING Social Security has created a 66%-104% Increase in the TAX Bill for all American Retirees. (DMN)

Ask your Representatives and Incumbents in office before you VOTE about HR 3894 The Senior Citizens Tax Elimination Act to Repeal the Social Security TAX.

Social Security Solution: Federal law making Social Security the only legal and permitted source of government retirement for ALL Americans. This would immediately stop and solve the bankruptcy shortages of state, city and county government retirement programs allowing double or triple dipping on the TAX PAYER. State, City, and County retirement programs would be illegal and cease immediately. Then ALL Americans including Presidents, Congressional members, Congressional staffs, military, and any others would be permitted to only draw Social Security in addition to any ‘Private’ self financed retirement.

Medicare: Medicare was established July 30,1965 as a Supplemental Insurance program for all American Retirees.

National Health Care Welfare: Government (Forced National Health System) does not work in any country of the world effectively, does not work efficiently, mandates an extremely higher cost that a family cannot afford to pay out of their own pock with or without Insurance, decreases money for medical research, gives government decision-making role as to whether you will be permitted to live or die based on political considerations while excluding government officials, does not work fairly to the poor and penalizes the population with an unnecessary TAX; compared to, Private (County Owned Hospitals as prior to 1963 allowing communities to take care of their own) which did everything better as a medical system, more efficient with an extremely lower cost that a family could afford to pay out of their own pock without the need for Insurance, increases money for medical research through private donations and private grants (especially today since individuals and business are more solvent than government), makes illegal government decision-making role as to whether you will be permitted to live or die period, more honest, without the need for Insurance, without an ulterior purpose and benefits the entire population and nation without an unnecessary TAX and added burden on the poor.

Goethe, the German philosopher, said at one point that: “None are more hopelessly enslaved than those who falsely believe they are free”.

The world is witnessing the global collapse of the 20th century’s socialist experiment. (EWR)


United States

Economic Cycles (Prosperity – Recession – Depression – Recovery) and Market Forecasts (1900 – 2054)

Prosperity cycle ↑↑

Defined: 3% Unemployment or less; Positive Balance Sheets to Peak GDP and GNP

1918 (Industrial Expansion) – 1924

1945 (Infrastructure Growth) – 1963 (22 November 1963 Peak and Height of US as World Power)

2023 – 2036 (tfg forecast)


Recession Cycle ↓

Defined: 5% – 9% Unemployment; Declining GDP and GNP

1924 (Currency Bubble) – 1929

1963 (22 November – Welfare & War) – 1971

2036 – 2054 (tfg forecast)


Depression Cycle ↓↓

Defined: 10% Unemployment and greater; Negative GDP and GNP

1900 (Currency Collapse) – 1914

1929 (Engineered Transfer of Wealth) – 1942

1971 (August 15 Left Gold Standard) – 2018 (tfg forecast)

Depression Cycle Economics

Depression Cycle Economics







Depression Cycle National Debt

National Debt






Depression Cycle Earnings Per Share in Stock Market (S&P 500)

Earnings Per Share








Depression Cycle Economic Lack of Growth

Economic Lack of Growth 2013






Depression Cycle Interest Rates

Interest Rate Forecast








Recovery Cycle ↑

Defined: 10% – 5% Unemployment; Sustaining Rise GDP and GNP

1914 (WW I) – 1918

1942 (WW II) – 1945

2018 – 2023 (tfg forecast)


*(tfg forecast) “Forecast is an opinion predict of the future that is impossible to predict…Caveat Emptor.” – Thomas Fletcher Grooms



Average Earned Income by Capitalist Proving Jobs for 90% of Population

Average Earned Income







“Only the Wealthy Capitalists can afford to be Socialists.” – Thomas Fletcher Grooms


Reason for Saving and Staying Out of Debt

Reason for Saving and Staying Out of Debt









Roughly 15 cents of every dollar taxed at the Federal level ends up in the pocket of someone living within 50 miles of Washington D.C.

10 of the richest 15 counties in the United States surround our nation’s capital.

Congress 6% Approval Rating (Dent Research)

Obama 9% Approval Rating (Dent Research)

Post Office ↓ $5 billion Loss (2013) Post Office is a Public Service and Security for Private communications; Post Office is Not a Profit Center and was never meant to be.

Trust In 1958, 73% Americans trusted government; in 2014, 19% Americans trust government. (EWR Research)


↑ 9.0% (2013 BLS; CPI False Indicator)

Dwindling Pay with Price Inflation

1929-1939 First Great Depression








Putting a drag on the consumer-oriented economy is the fact that Americans earn less today than they have in years. The median annual household income was $51,404 in February, according to a March report by Sentier Research. In June 2009 — it was $54,437. Even in January 2000 — more than 13 years ago — the figure stood at $56,101.

The process of sequestration in Washington, D.C. and the Central Banks around the world is confiscation of bank depositors’ money.

For instance, $5,000 in cash squirreled away in a bank in 1913, when the Federal Reserve was created, is now worth only 4.37 cents.

Put another way, it would take $114,396.56 of today’s money to buy what $5,000 would have bought in 1913.

Want more recent examples? Consider the following …

It now takes $6,210.11 to buy what $5,000 bought just 10 years ago … $29,161.44 to buy what $5,000 bought in 1970 … $47,047.46 to buy what $5,000 bought in 1950.

Even a McDonald’s Big Mac, which cost a mere 57 cents in 1959, now costs about $4.37, an increase of 665%, for an average annual increase of just over 12% per year.

Consumer Inflation


↑ 80% of American citizens are barely staying afloat. (Sovereign Society)


Highlights from The Wall Street Journal on March 19, 1959

Why Big Spending, Extravagance and Waste?

“Inflation is our greatest enemy…a narcotic. It soothes and exhilarates while doing its deadly work.”

“Already inflation has reduced our dollar to half of its purchasing power. It is the killer rampant in our midst, threatening to destroy us as it has other countries whose rulers thought they could have a little bit of controlled spending and inflation; a little cheapening of their money. THEN IT WAS TOO LATE…”

“Some people say we need deficit spending by our government for prosperity and growth. But they forget that the means can destroy the end.”

“No greater tragedy, short of war…” said William McChesney Martin, Jr., Chairman, Federal Reserve System, “…could befall the free world than to have our country surrender to the easy delusion that a little inflation, year after year, is either inevitable or tolerable … for that way lies ultimate economic chaos.”

“Excessive inflation in the long run destroys the will to work and the will to save…” argued Senator J. W. Fulbright, “…which are the foundations of our economic system. Inflation is a deadly enemy of a free capitalistic system.”

“If you do get mounting inflation…” noted President Ike Eisenhower, “…our whole scheme of economy would just go out of the window.”

“Men in government — in Congress — are plain human beings. They want to keep their jobs as we all do. But what has been happening to these men? They have been put on the spot. On the one side, they have been entrusted with the job of protecting your interest, your money.”

“On the other side, they are being forced by every conceivable kind of pressure group to spend, spend, spend … for every special interest and selfish program except the basic protection of your money and your rights as a taxpayer.”

“Yet the bill comes to you either in the form of higher taxes or deficit financing (spending money we do not have) or both.” 

“When this happens … it is because you have not taken the trouble to tell them that you have had enough … that your pocketbook will not stand any further whittling away of the dollar.”

“Remember: Lawmakers are human. They want to do what is right. But if you do not tell them what you want, the blame is on you — they will continue to play politics with your money…”

What Now? 

Today, although official measures of inflation may look tame, highly flammable inflationary material lies nearly everywhere on the planet.

We have the lowest interest rates for the longest period in modern history, a known prelude to inflation.

We have the most reckless money printing since Weimar Germany, another powerful inflationary force.

We have serious threats to the world’s largest energy supplies, another potential driver of inflation.

And we see the first signs of possible currency wars — competitive devaluations by countries in a race to the bottom.

GDP Economy

↓ – 1.0% Y (2013 Market, shrinking) vs. ↑ 1.0% Y (2013 Commerce Department); ↑ 1.0% Y – Revised ↓ – 1.0% Y (2012)

1948-2012 Nominal GDP

1948-2012 Nominal GDP







Total Public & Private Debt

↑ 345% to ↑ 400% (total country debt-to-GDP – CBO)

$222 Trillion to ↑ $234.3 Trillion (CBO – Congressional Budget Office)

GDP↓ $14.6 T (Gross Domestic Product : economy produced goods and services)

GDP Rank ↓ US second largest economy in world 2010 (Peterson Institute and University of Pennsylvania)

GDP ↑ 1.0% Reported for 2012 – Revised to ↓ 1.0% (SAAR rate)

Per Capita Sovereign Debt Per Person ↑ $49,703 to ↑ $52,173

Government Open Debt ↑ $16 Trillion

Government Closed Debt ↑ $66 Trillion (Kleiner Perkins) to ↑ $88.800 Trillion

Government Spent Trust Fund for Social Security and Medicare Debt Spent from TRUST Fund ↑ $140.6 Trillion…Social Security and Medicare is NOT Welfare or an Entitlement

Consumer Debt↓ $38 Trillion = $12.8 T Household Debt + $25.2 T Leveraged Debt

Families Broke ↑ 43%  (MSN Money)

Americans in Poverty ↑ 46.7 million to ↑ 49.7 million (1 in 6 people in America living in poverty) (Census Bureau)

Consumer National Credit Card Balance ↑ $15,422

Consumer National Average Household Debt ↑ $12.8 T

National Debt ↑ 100% (3 August 2011) to ↑ 104.8% (debt-to-GDP)

National Debt & Budget Accounting Statementhttp://www.youtube-nocookie.com/embed/EW5IdwltaAc?rel=0

National Debt ↑ $14.5 T On-Balance Sheet and ↑ $146.1 T Off-Balance Sheet (government) TOTAL ↑ $222.6 T (market and Laurence Kotlikoff, Council of Economic Advisors) (T = trillion or 1,000,000,000,000)

TAX Liability

Corporate Tax ↑ 35% (world’s highest corporate taxes)

Socialist Country Officially March 23, 2010 ↓ National Health Care – 23 March 2010 – 10:15a CST – 2,700 page Tax Bill passed at 3:00 AM Vote in Congress

Marx Dollars







Death of Capitalism by Executive Order ↑ 80.2% Americans favored a free market economic system of capitalism (2009) to ↓ 74.5% (2010) to ↓ 59.0% (2011) to ↓ 30.0% (2012) (Globescan Research)

Days Start Time To Open A Business ↑ 18% 433 days Problems: Dodd-Frank Act, Patient “Protection” and “Affordable” Care Act, decline of US institutions, costs imposed by organized crime, effective political system, K-12 education system, tax code, US ranking 7th behind New Zealand, Australia, Singapore, Canada, Hong Kong, United Kingdom (2013 June 8 Wall Street Journal C1-2).

American Millionaires 5.9 million, 1.84% population, 4 out of 10 millionaires live in US (BCG – Boston Consulting Group)

Americans on Welfare ↑ 97 million 32.98% population 2009 to ↑ 107 million 33.43% population 2012

Americans Living on $2.00 a Day ↑ 1.5 million people

Poverty Line for American Family ↑ $24,000 per year (Washington)

Americans Living Below Poverty Line ↑ 50% (Washington)

Poor Defined Below Income for American Family ↑ $35,000 per year (Washington)

Earned Paid Savings into National Trust Fund (not an entitlement or welfare)

Social Security

Historical Social Security COLAs (Cost-of-Living Adjustments)
Year Increase
2014 1.5%
2013 1.7%
2012 3.6%
2011 0.0%
2010 0.0%
2009 5.8%
2008 2.3%
2007 3.3%
2006 4.1%
2005 2.7%
2004 2.1%
2003 1.4%
2002 2.6%
2001 3.5%
2000 2.5%
Average 2.47%


Medical Insurance TAX

Health Care Costs







ObamaCare TAX









“Affordable” Care Insurance Act (tax on poor) (hardest on under 40 adults) ($8 billion tax) (WSJ)

7-seven out of every 8-eight jobs created in the U.S. since the passage of the “Affordable Care Act” has been a part-time position with fewer than 30 hours per week. (WSJ)

Wall Street Journal by Syracuse Professor Carl Schramm, “How Obamacare Rips off the ‘Young Healthies,’” the lowest users of health care, the least costly to cover, are 18-26 year olds. “Yet the group faces extraordinarily high Obamacare rates.”

It is just another wealth redistribution scheme:

“A Manhattan Institute analysis of Health and Human Services numbers notes that a 27-year-old male will pay 99% higher premiums under Obamacare than he would under previously prevailing market rates. One reason is that the law now limits insurers to charging the sickest seniors no more than three times the amount they charge their youngest customers. Given that 64-year-olds use on average six times as much health care as 19-year-olds, the Affordable Care Act forces young people to pay considerably more than the cost of their own care.” (Wall Street Journal)

So the young are bequeathed a debt burden they will struggle under their entire lives. (Wall Street Journal)

Americans on Food Stamps ↑ 14.2 to ↑ 48.0 to ↑ 52.0 million people or 1 in 6 or 16% population under Barack Obama; ↑ 14.7 million people under George Bush

1975-2012 Food Stamps Recipients

1975-2012 Food Stamps Recipients







1965-2010 Entitlement Spending

1965-2010 Entitlement Spending







Welfare Social Benefits as to Disposable Income 

Welfare Social Benefits 2013







American Productivity Employee Make-up ↑ 50% Government – ↓ 38% Services –  ↓ 9.75% Small Business –  ↓ 2.0%  Manufacturing –  ↓ 0.50% Agriculture (government 500 employees = Small Business 1984) (history and market 50 employees = Small Business)

American Average Net Worth ↓ $129,582 to $93,150 2009 in 2012 (LA Times)

Productivity ↓ 0.5% (output per hour worked)

Savings ↓ minus 4.5% to ↓ minus 3.9% (personal – historical saving 20% – 50%) (10-20-70 Rule)

Wages Savings Consumption Decline 2013









Consumer Debt ↑8.6% rate; ↑ 5.6% Y/Y

American Families ↑43.0% Broke (MSN Money)

Median Family Net Worth ↓ 50.0% (2009-2012) and ↓ 40.0% (2005-2008)

Median Household Income ↓ 8.9% (1999-2013)

Consumer Confidence ↓ 94.4 points to ↓ 70.2 to ↓ 69.2 to ↓ 64.9 to ↓ 62.0 to ↓ 60.6 to ↓ 58.6 (90 indicates healthy economy – scale 1-150)

Consumer Sentiment ↓ 75.7 to ↑ 76.4 to ↓ 74.1 to ↓ 72.0 to ↑ 79.2 to ↓ 78.3 to ↑ 83.1 points to ↓ 74.5 to ↓ 72.9 to ↓ 71.3 (Thomson Reuters and the University of Michigan)

Consumer Spending ↑0.8% + ↓ 0.3% + ↑0.3% + ↓ 3.6% rate; ↑ 4.1% to ↓ 1.8% to ↓ 1.5% to ↓ 5.1% Y/Y (contracting)

Economy Spending Make-up ↑ 40% Government – ↔ 15% Industry – ↓ 45% Consumer

Consumer Price Index CPI ↑ 2.3% + ↑ 2.0% to ↓ 2.7% + ↑ 0.6%; ↑ 4.7% to ↓ 1.7% to ↓ 1.4% to ↑ 5.3% Y/Y (government) ↑ 12.2% to ↑ 13.6% to ↑ 14.2% (market)

Small Business Confidence ↓ 0.2 points to ↓ 91.2 (90 indicates healthy economy – scale 1-150)

Income ↓1.7% + ↓0.2% + ↓ 8.8% + ↓ 0.3% + ↓ 0.7%; ↑ 3.2% to ↓1.7% to ↓10.5% to ↓10.8% to ↓11.5% Y/Y (government – inflation adjusted wages – declining); ↓ 2.5%; ↓ 26.5% to ↓ 27.2% Y/Y (market – non-farm – dropping); ↓ 11.5% to ↓ 13.5% Y/Y (market – farm – dropping)

Income National Average $56,080 (2000), $51,017 (2013), $50,200 (2014)

Income Poverty Level ↔ $35,000.00 (government definition for family of 4 and establishes poverty income base for Minimum Wage and Social Security Income)

Minimum Wage

Fair Labor Standards Act (FLSA) and Fair Minimum Wage Act of 2007 federal minimum wage ↑ $5.15 per hour to ↑ $5.85 per hour (July 24, 2007) to ↑  $6.55 per hour (July 24, 2008) to ↑ $7.25 per hour (July 24, 2009)

↑ $17.50 to ↑ $20.00 per hour (what should be if based on 2013 income poverty level defined by Washington)

Many states also have minimum wage laws. Where an employee is subject to both the state and federal minimum wage laws, the employee is entitled to the higher of the two minimum wages.

Various minimum wage exceptions apply under specific circumstances to workers with disabilities, full-time students, youth under age 20 in their first 90 consecutive calendar days of employment, tipped employees and student-learners.

Government Poverty Tax ↑ 46.2 million (below government defined poverty threshold) ↔ $2.28 trillion (tax collected for poverty = 63% for government poverty operations + 37% for poverty recipients) = $197,140 (per year for a family of four)

Disposable Income↑ 0.4% + ↓0.7%; ↑ 0.6% to ↓ – 0.1% Y/Y (DPI – disposable personal income) (government)

1956-2056 Spending Wave

1956-2056 Spending Wave







Salaries and Income

2000-2014 Employee Compensation as Percent of GDP

2000-2014 Employee Compensation as Percent of GDP







U.S. Payroll to Population Employment Rate (P2P)

The U.S. Payroll to Population employment rate (P2P)






Wealth↓30.0% – 50.0% (over last 7 years) (deflation – medium family income less than in 1963 – 49 years ago)

1800-2013 Drop in Dollar Value








Cost of Children

It takes around $250,000 for parents to rear the average child to age 18, and that does not include any future support or college.



Enrollment U.S. college enrollment dropped in 2012 for the first time since 2006.

Education World Rank ↓14th (Students Rank : Program for International Student Assessment)

Education Math & Science World Rank ↓ 23rd (Students Rank : Program for International Student Assessment)

Education Math World Rank ↓ 25th to ↓ 31st (2013)

Education Science World Rank ↓ 20th to 24th (2013)

Education Reading World Rank ↓ 11th to 21st (2013)

These rankings with 65 countries would have been much worse if the results of private schools were not included to pull up the scores.

“Difference, between a Learned person, and an Educated person, is an educated person asks questions.” – Thomas Fletcher Grooms

“A Teacher is the second highest paid person in many countries; but not, in the US as it only is lip service.” – Thomas Fletcher Grooms

“To have Educated students, you require teachers that know something, a great deal, about their subject and learning at a depth beyond titles, administrators, and government.” – Thomas Fletcher Grooms

“If an educational institution were smart, allow teachers to teach, and remove administrators and government from the classroom.” – Thomas Fletcher Grooms

Education SAT Scores ↓ 43% Pass Rate – ↑ 57% Fail Rate – 2012 (WSJ Wall Street Journal)

Education SAT Scores↓ 33 Points Drop in Scores Nationally – 2012 (WSJ Wall Street Journal)

Education ACT Scores↓ 25%Pass Rate – ↑ 75% Fail Rate – 2012 (WSJ Wall Street Journal)

Education SAT and ACT Test Takers ↑ 28% Not Literate (could not speak or write English – WSJ Wall Street Journal)

Education Attend College ↓ 44% High School Graduates – 2012 (WSJ Wall Street Journal)

Education Graduate College ↓ 21% Graduate in Six Years – 2012 (WSJ Wall Street Journal)

Education Literacy ↑ 99% to ↓ 75% (since creation of Department of Education in 1980)

Student Debt and Loans (“Do not borrow money for a degree – work your way through school and graduate debt-free.” – Thomas Fletcher Grooms)

↑ $1 trillion (bubble and still growing rapidly)

↑ $315 billion of all student loans are held by people still in school, or are in some other way deferred, meaning the repayment process has not begun.

↑ $685 billion remaining, $180 billion are in forbearance or default; or, 26% of
the total value of loans outstanding that are currently in the repayment

↑ 600,000 federal student loan borrowers defaulted (New York Times)

↑ 463 percent increase in outstanding federal student loan debt making student loans for college more expensive. In fact, in constant dollars the cost of college tuition has more than doubled.

Education vs. Income ↓ 14.4% (income drop for college students 2001-2012) and ↓ 11.2% (income drop for college graduates 2001-2012)

No.1 Problem Interference. In the 20th century, socialism got a death grip on education and indoctrinated the classroom, which is the main reason millions of adults today cannot read, write, or perform simple arithmetic; or, think, much less think critically in lieu of accepting everything they read, hear, or told. Who suffers, the children and students. – Thomas Fletcher Grooms

No.2 Problem Pay of Teachers. The people who do the work and make the highest contribution should be paid the most. Teachers should be the highest paid persons in any educational system, school, or educational organization; next highest the Principals; lastly then the lowest in pay Superintendents or Presidents, and administrators, which are not necessary if you correct the first three; thus, in colleges and universities the separation is even greater. Who suffers, the children and students. – Thomas Fletcher Grooms

No.3 Problem Waste of Money. Accreditation ensures nothing. Tests ensure nothing. School Boards ensure nothing. Governments ensure nothing. Politicians ensure nothing. Only Teachers ensure learning. Paper work is created to keep Superintendents, Presidents, and administrators busy and employed. Paper and administration placed above teachers in the organizational structure is an insane burden on teachers and disrupts learning in the classroom, when teachers should, who are closes to the needs, be at the top of the educational system, school, or
educational organization chart. Who suffers, the children and students. – Thomas Fletcher Grooms

No.4 Problem School Boards. School Boards contribute nothing, not necessary, and are a political hindrance of ignorance. Schools should not raise children, but educate them, which is the sole job of the teacher. Who suffers, the children and students. – Thomas Fletcher Grooms

No.5 Problem Hunger. Hunger in the belly, which limits learning;
Hunger in the mind to make a better life; Hunger of the poor Teacher for
learned students; So in every public school, feed every student at tax payer
expense breakfast and lunch; teach to the best and brightest while removing
disruptions and problems from the classroom allowing to stay only those that
want to learn; provide teachers with the top pay of all professionals and
provide an abundance of money for learning supplies. Who
suffers, the children and students. – Thomas Fletcher Grooms

“Only the Wealthy Capitalists can afford to be Socialists.” – Thomas Fletcher Grooms



Employed 95% Harvard Graduates

Employed 75% Ivy League Schools and Top Tier Schools

Employed 50% Most Colleges and Universities

Employed 60% Default on Student Loans Nationally


Job Market ↓ 49% Lower Wage Market Jobs (Temps) and ↑ 51% Government Jobs (100% Job Growth)

Jobs ↓ 130 million in 2000 to ↔ 130 million in 2013 (BLS and SGS)

Birth Death Adjustment (where the government guesses at jobs) was actually negative by 15,000, implying that the bureaucrats are correcting some of the past mistakes. Without this adjustment, the report would have shown 220,000 jobs created. Construction was up by 17,000, but was actually corrected lower by 16,000, through the birth/death adjustment. (Dent Research)

Life Expectancy

Despite the fact that the U.S. spends incomparably more than anyone else on health care, it ranks 51st in the CIA’s table of world life expectancy.

Costa Rica enjoys higher life expectancy than the U.S. for both men and women. Yet, per capita medical outlays in Costa Rica are just $1,197, annually. Even before Obamacare, U.S. health-care costs were $8,233 per capita almost 7 times higher than in Costa Rica, where private health insurance costs $60 to $130 per month.

According to the IRS, it will cost a family of four a minimum of $20,000 a year for health insurance — $1,667 per month — not to mention the additional costs imposed by a minimum of 20 new taxes enacted by Obamacare. (Forbes)

Forbes reports that 74.1% of American adults are medically overweight or obese.


Work Force ↑ 130,000,000  to ↑ 160,000,000 (Bureau of Labor Statistics – BLS)

Unions ↑ 48% (1952) to ↓ 22% (1993) to ↓ 11% (2013)

2000-2014 Employment Is Part-time as U.S. Payrolls 1.5 million Jobs Short

2000-2014 Employment Is Part-time as U.S. Payrolls 1.5 million Jobs Short







Unemployed Work Force ↑ 55.5% (Bureau of Labor Statistics)

Labor Department reports unemployment rate drops to 7.3 percent due to fewer Americans looking for work. (Challenger, Gray & Christmas)

Employers have announced 347,095 job losses for 2013 (no gain in American jobs), close to the 352,185 that were seen in the first eight months of last year. (Challenger, Gray & Christmas)

Gallup Poll Unemployment Report

Gallup Poll Unemployment Report







Men Highest Unemployed Group

Unemployment Story Unemployment Fell To 7.5%, with 165,000 Jobs Created…which is odd. The labor force grew by 200,000 people, and the economy created 165,000 jobs. That does not add up to a decline in unemployment. (Dent Research)

June 2013, let’s dig a little deeper into the unemployment numbers. The Bureau of Labor Statistics (BLS) guessed that uncounted small businesses created 205,000 new jobs in this latest report. That means the actual count of jobs was -30,000 (175,000 reported less 205,000 guesstimated). We just do not get it. Why does this number not attract more attention? With all the regulatory issues facing small businesses, along with the impending Affordable Care Act requirements, there is no question that the rate of small business creation has fallen off a cliff. The Census Bureau recently confirmed this reality, yet the BLS assumes almost a quarter of a million new jobs in one month from uncounted startups, and everyone goes along with it? (Dent Research)

May 2013, the BLS assumed 193,000 new jobs, which means, in the last two months, they have assumed 398,000 new jobs from small businesses and reported 317,000 new jobs overall. (Dent Research)

Out of Work Males

Out of Work Males









Unemployment More People Quitting Jobs Story ↑ 7.2 % or 2.25 million More Americans are quit their jobs due to declining income and toxic work environments and toxic managers who make their employees miserable, ↓ 3% or 3.75 million new minimum pay jobs, hiring is falling. (Washington: Associated Press 12 June 2013)

Appears it is not even worth getting up to go to work for the amount of pay any longer – unless you are a government employee.

Why Work ? The Associated Press reports that Dorothy Dugger, a California Bay Area Rapid Transit (BART) employee, earned more than $330,000 last year… despite not working one day for the public agency last year. The AP reports…

Dorothy Dugger, 57, cashed in nearly 80 weeks of unused vacation time, drawing paychecks and full benefits. During that period, she earned nearly two extra months of vacation, received management bonuses and medical insurance, and boosted her pension benefits by more than $1,000 a month for life.

When she left BART’s payroll in December, she began to draw an annual pension of $181,000, according to the newspaper.

Dugger said she was entitled to the money because she earned more than 3,100 hours of unused vacation time during two decades with the light-rail agency.

“It was time I earned my whole career at BART,” she said. “It’s a cost of having the option” to save the vacation until the end of a career, she said.

The value of her unused vacation days soared after she took the top job in 2007 and received a raise of nearly $100,000 a year because the unused time-off was paid at her final, highest pay rate — not her rate when the time was accrued, records show.

Death Premature ↑ Life expectancy declining due to living conditions in economy with the deepest increase occurring in the group of Americans with no college degree. (Strategic Investment Research)

Employed Work Force ↓ 59.5% to ↓ 37.5%

Full-Time Employment ↓ 50.0% of All New Jobs (effect of ObamaCare)

Full-Time Employment 2013





7-seven out of every 8-eight jobs created in the U.S. since the passage of the “Affordable Care Act” has been a part-time position with fewer than 30 hours per week. (WSJ)

Part-Time Employment (Temps) ↑ 150.0% of All New Jobs (effect of ObamaCare)

American Hourly Employees ↓ 58.5% New Jobs 2009 to 2012 Pay $7.69 – %13.83 per Hour (National Employment Law Project)

Jobs Added 2013  ↓ 169K jobs added, the vast majority, some 144K or 85%, consisted of the lowest paying jobs possible. (MarketWatch and Zero Hedge)

Hours Worked ↑ 3.2% to ↓ 42% or 28 Hour Work Week (hours worked – effect of ObamaCare)

Labor force participation rate fell to ↓ 63.2%, the lowest level since 1978. Employment gains for 2013 were lowered by a combined 74,000. (Labor Department)

Number of new jobs created slashed to ↓ 104,000 from 169,000 and government increased employment by 17,000 as average hourly wages rose 5 cents to $24.05, while the average national workweek edged up 0.1 hour to ↑ 34.5 hours. Federal workers and postal workers to get 1% salary increases, even though both
organizations are operating with huge deficits. (Labor Department)

American Exempt Employees ↓ 41.5% New Jobs 2009 to 2012 Pay Less Than $42,000 Annually (National Employment Law Project)

Work Force ↑ 160,000,000

Right to Work States







Work Force Employed by Government ↑ 72,000,000 or 40%

Non-Farm Payrolls ↑ 120,000 to ↓ 69,000 (contracting)

Employees Overseas ↑ 1.5% (expanding)

Unemployment Rate Level U-3 8.1% to ↑ 8.2% to ↑ 8.3% to ↑ 8.8% to ↑ 14.4% (BLS – Bureau Labor Statistics) (7.8% government fiction) (government unemployment insurance claims) (U-3 Total unemployed, as a percent of the civilian labor force or official government reported unemployment rate)

Unemployment Rate Level U-6 ↑ 22.8% to ↑ 22.9% to ↑ 41.0% to ↑63.5% (Department of Labor); ↑ 55.5% to ↑55.6% rate to ↑ 78.1% ? (market) (U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force)

Unemployment Rate

Unemployment 16-19 Years ↑ 50.1% (Bureau of Labor Statistics)

Jobless Removed from Unemployment Calculations 16-54 Years ↑ 74% (Bureau of Labor Statistics)

Layoffs of Employees ↑ 10.5% (deflation)

Farms ↑ 7 million (1929) to 2.2 million (2013) (Department of Agriculture)



Mortgage Originations Drop

Mortgage Originations Drop






Household Net Worth

Household Net Worth 2013






Decline Home Ownership

Home Prices0.8% + 0.1%; 55.8% to ↓ 55.9% Y/Y (deflation)

Home Prices Since 2008 Collapse 50.0% to 40.0% to 33.3% Full Recovery Since 2008 Does Not Exist

Home Ownership 2013




Construction Spending ↓ 1.1% + ↓ 0.9%  + ↓ 0.6% rate + ↓ 0.3%; ↑ 5.8% to ↓ 4.9% to ↓ 5.5% to ↓ 5.8% Y/Y (contracting)

Homes in Foreclosure ↑ 3.7 m (held in banking system)

Home Building Permits ↑ 4.5% + 7.0% + ↑7.9% + ↓ 3.7% + ↑ 6.8% rate + ↓ 1.0%; ↓ 23.7% to ↓ 16.7% to ↑ 24.6% to ↓ 20.9% to ↓ 14.1% to ↓ 15.1% Y/Y (contracting)

Housing Starts ↓ 5.8% + ↓4.8% + ↑ 6.9% + ↓4.8% + ↓1.1% + ↓ 1.0% rate + ↓ 8.5% + ↓ 16.5% (↑ 15.0% + ↑ 12.1% government fiction); ↑ 10.3% to ↓ 5.5% to ↑ 1.4% to ↓ – 3.4% to ↓ – 4.5% to ↓ – 5.5% to – 14.0% to – 40.1% Y/Y (contracting)

New Home Sales ↓ 1.6% to ↓ 7.1% to ↑ 5.9% to ↑ 7.6% rate to ↓ 8.4% + ↓ 0.3% + ↓ 2.6% + ↓ 4.3% + ↓ 7.3% rate; ↑ 7.5% to ↑ 13.3% to ↑ 19.8% to ↓ 11.4% to ↓ 11.1% to ↓ 8.5% to ↓ 12.8% to ↓ 20.1% Y/Y

New Home Sales







Existing Home Sales ↓ 2.6% + ↓1.5% + ↓ 5.4% + ↓ 1.4% + ↓ 5.4% + ↑ 2.3% + ↑ 7.8% + ↓ 1.7% + ↓ 1.0% + ↓ 4.3% rate; ↑ 5.2% to ↑ 3.7% to ↓1.7% to ↓ 3.1% to ↓2.3% to ↔ 0.0% to ↑ 7.8% to ↓ – 6.1% to ↓ – 7.1% to ↓ – 11.4% Y/Y

Single Family Home Sales ↓ 7.1% + ↓ 8.4% + ↑ 1.5% + ↓ 7.3%; ↓16.1% Y/Y

Driving Home Sales↑ Foreign Buyers with Cash Deals and Hedge Funds (Sovereign Individual)

Not Driving Home Sales ↓Improving Employment + ↓ Rising Wages + ↓ Income in America effectively extinct (Sovereign Individual)

Retail Sales ↑ 0.8% + ↓ 0.1% rate + ↓ 0.2% + ↓ 0.4% rate + ↓ 0.5% + ↓0.5% rate + ↑0.8% + ↑0.9%; ↑ 6.4% to ↓ 6.2% to ↓ 5.8% to ↓ 6.3% to ↓ 6.8% to ↓ 6.0% to ↓ 5.1% Y/Y

1995-2014 Sales Slowing

1995-2014 Sales Slowing





Consumer Prices ↑ 0.4% + ↑ 0.2% + ↑ 0.6% rate; ↑ 2.9% to ↑ 3.1% to ↑ 3.7% Y/Y

Consumer Credit↑ Danger Sign – ↑ 0.7%; ↑ 5.5% Y/Y

CPI Price Inflation 6.6% + ↑ 0.6% (Consumer Price Index – government); ↑ 20.7% to ↑ 21.3% (market) (inflation – hidden tax)

Producer Prices↑ 0.4% + ↑ 0.3% + ↑ 1.7% + ↑ 1.1% + ↓ 0.2% rate; ↑ 3.3% to ↑ 3.6% to ↑ 5.3% to ↑ 6.4% to ↓ 6.1% Y/Y

Import Prices↑ 1.3% + ↑ 0.7% rate; ↑ 3.4% to ↑ 4.1% Y/Y

ISM Manufacturing↓ 53.5 to ↓ 49.7 to ↓ 45.9 to ↑ 47.8 to ↑ 49.5 to ↑ 50.7 (below 50 contracting)

ISM Non-Manufacturing PMI 49.6 to 45.0 to ↑ 46.4 to ↑ 54.7 to ↑ 56.1 (below 50 contracting)

Industrial Production ↓ 1.2% + ↑ 0.4% + ↓ 1.1% + ↑ 0.6% + ↑ 1.2%; ↑ 4.2% to ↑ 3.1% to ↑ 3.7% to ↑ 4.9% Y/Y

Capacity Utilization↓ 0.1 + ↑ 0.2 + ↑ 0.45+ ↓1.0 points to 78.6% to 78.8% to 79.3% to 77.3%

Power Grid Outages↑ New Nuclear Energy Plants (Worldwide problem)

CPRI ↔ flat 0.3% + ↓ 0.3% + ↓ 0.2%; ↑ 1.1% to ↓ 1.3% Y/Y (CPRI – Chemical Production Regional Indices)

Light Vehicle Sales↓ 14.4 to ↓ 13.8 to ↑ 14.1 (due to China) million-unit pace – ↓ 0.4% Year

Wholesale Trade ↓ 0.1%; ↑ 6.5% to ↑ 2.7% Y/Y

Factory Orders ↓ 1.5% to ↓ 1.9% to ↓ 0.6% to ↑ 2.8% to ↓ 5.2%; ↑ 3.3% to ↓ 1.4% to ↓ 0.8% to ↑ 2.0% to ↓ 3.2% Y/Y

Durable Goods Orders ↓ 4.2% + ↑ 1.6% + ↓ 0.4% + ↓ 5.0% + ↓ 13.2%; ↑ 1.0% to ↑ 2.6% to ↓ 2.2% to ↓ 7.2% to ↓ 20.4% Y/Y

PMI ↓ 54.8% to ↓ 49.6% to ↓ 48.0% to ↓ 47.1% (Purchasing Manager’s Index) (below 50 contracting)

Business Inventories ↑ 0.7% + 0.3% + 0.1% + 0.8% rate; ↑ 7.6% to ↑ 7.9% to ↑ 8.0% to ↑ 8.8% Y/Y

Trade Deficit ↑ $2.1 billion to ↑ $6.4 billion; ↑ $51.8 billion to ↓ $42.0 billion Y/Y

Patient Protection and Affordable Care Act (PPACA) Initial Cost After 31st December 2012 – Taxes on Dividends 15% to 43.4% and Long-term Capital Gains Tax 15% to 23.8%

United States Computer Speed ↑ USA’s Sequoia (IBM) was the fastest super computer in the world, capable of processing more than 16.32 petaflops or quadrillion (thousand trillion) calculations per second to ↑ Jaguar to ↑ Titan (10x more powerful than Jaguar) is NOW the World’s Fastest Computer with 20,000 Trillion calculations per second (20 petaflops) (20 petaflops is the number 20 followed by 15 zeros) and 700 terabytes of Memory capable of tracking and recording Earth’s population and storing millions of data per second on each person in the world.



IMF (International Monetary Fund) Forecast

↓ Lowered Global Growth estimate by 0.3% to 0.2% for 2014

Derivates Held by U.S. Banks

Derivates Held by U.S. Banks





U.S. Federal Reserve – Created 23 December 1913

Federal Reserve Monetary Base

The following chart shows currency. The green area of the chart shows the total U.S. dollars and coinage in circulation outside Federal Reserve Banks and the U.S. Treasury. The thin grey area shows required reserves.

The red area represents excess reserves held by the Fed. These are balances that depository institutions maintain with the Fed beyond what they are required to hold. The Fed pays banks 0.25 percent interest on reserves, both required and excess. In a high risk, zero-interest rate, no-growth economic environment, the banks do not need to make loans to businesses that actually create jobs, hire people, and grow the economy. Such loans always contain an element of risk. So instead of those trillions being available in the credit markets, the banks leave deposits with the Fed earning interest risk-free, and the recovery is stalled. Said differently, the Fed requires that a certain percentage of such deposits be held on account with it to meet withdrawals.

U.S. Dollars & Coinage in Circulation Outside Fed Banks and U.S. Treasury







1982-2013 Dollar Decline 

US Dollar in Massive Long-Term Decline









1900-2011 Velocity of Money

Velocity of Money







Fed Gordian Knot

Fed Gordian Knot







US Federal Reserve Stimulus↑ It takes $2 trillion in stimulus, $1 trillion in fiscal deficits, and $1 trillion in quantitative easing (QE) or monetary injections to create $300 billion in real GDP growth, or about 2% GDP growth on average.

Fed QE (Quantitative Easing) The Fed’s QE program has hurt millions of Americans by eroding their standard of living.

We are becoming what Europe was, while Europe is becoming what we were.

Change in Central Bank Official Gold Reserves

Change in Central Bank Official Gold Reserves








International Reserve Assets

International Reserve Assets










China and United States

Social Networks










United Kingdom

UK National Debt ↑ 48.6% to ↑ 550.2% to ↓ 544.4% (total country debt-to-GDP)

UK GDP ↓ 0.3% + ↓ 0.2% + ↓ 0.7%




Australia Exports Flows









Ireland Total Public & Private Debt ↑ 626% (total country debt-to-GDP)

Ireland National Debt ↑ 1001.2% (debt-to-GDP – increasing)

Ireland GDP ↑ 355.8% (debt-to-GDP – contracting – bankrupt)

Ireland Unemployment Rate14.7%


EU Europe (17 Nation States in Eurozone) (27 Nation States in European Union)

2014 1 in 10 working households now Live in Poverty

EU National Debt ↑ 412.9% to ↑ 462.7% (total countries debt-to-GDP)

EU GDP ↓ 0.3% + ↓ 0.7% + ↓ 0.2%; ↓ 20.9% (contracting)

EU Bank Combined Assets↓$14.9 T v. US Bank Combined Assets ↓ $13.9 T

EU Consumer Confidence ↓ 94.4 gauge

EU Eurocoin Indicator ↓ – 0.24% to ↓ – 0.33% (Centre for Economic Policy Research)

EU Unemployment Rate10.9% to 11.3% to ↑ 11.6% to ↑ 11.8% to ↑ 12.0%

EU Unemployment17,914,000 to 18,002,000 work force (Eurostat) to ↑ 20.0%

EU Unemployment Youth Under 25 Years ↑ 24.4+%

EU Retail Sales ↓ 1.9%; ↓ 2.6% Y/Y (contracting)

EU PMI↓ 45.9% to 46.7% to 48.3% (Purchasing Manager’s Index)

EU Industrial Production ↓ 9.0%

EU ISM Manufacturing↓ 49.3 to ↓ 48.7 points (below 50 contracting)




Germany Total Public & Private Debt ↑ 350% (total country debt-to-GDP)

Germany National Debt ↑ 148.1% (debt-to-GDP – increasing)

Germany GDP ↓ 2.7% + ↓ 1.0%; ↓ 1.0% to ↓ 2.0% Y/Y (contracting)

Germany Consumer Confidence ↓ 103.2 to ↓ 102.3 points

Germany Business Confidence ↓ 95.5 to ↓ 94.2 points

Germany PMI ↓ 49.71% to ↓ 47.4% (Purchasing Manager’s Index)

Germany Industry and Trade Confidence ↓ 111.5 to ↓ 111.2 points

Germany Unemployment ↑ 5.5%



France National Debt 254.4% (debt-to-GDP – increasing)

France National Debt ↑ $795.0 billion

France GDP ↓ 0.3% + ↓ 1.0%; ↓ 1.3% Y/Y (contracting)

France Unemployment ↑ 10.5% to ↑ 10.9%

France Consumer Spending ↓ 2.9%

France PMI ↓ 44.1% to ↓ 42.7% (Purchasing Manager’s Index)

France Industrial Production ↓ 1.2% (contracting)



Greece Total Public & Private Debt ↑ 200% (total country debt-to-GDP)

Greece National Debt 292.4% (debt-to-GDP – increasing – bankrupt)

Greece GDP ↓ 5.5% rate (contracting)

Greece Unemployment ↑ 17.3% to ↑ 21.8% to ↑ 25.0% to ↑ 26.0% to ↑ 28.0% to projected ↑ 32.0%

Greece Unemployment Youth Under 25 Years ↑ 50.0+% to ↑ 58.0+% to ↑ 61.4+%



Italy Total Public & Private Debt332% (total country debt-to-GDP)

Italy National Debt ↑ 136.6% (debt-to-GDP – increasing – bankrupt)

Italy National Debt ↑ $795.0 billion

Italy GDP ↓ 1.2% + ↓ 0.8% + ↓ 0.7% + ↓ 1.0% + ↓ 2.8%; ↓ 2.5% to ↓ 1.7% to ↓ 2.7% to ↓ 5.5% Y/Y (contracting)

Italy Debt % of GDP ↓ 48.6% (contracting)

Italy Consumer Confidence ↓ 89.5 points

Italy Unemployment ↑ 9.8% to ↑ 10.8% to ↑ 11.0%

Italy Unemployment Youth ↑ 25.0% to ↑ 35.2% to ↑ 37.0% to ↑ 40.0%

Italy Industrial Production ↓ 1.4%

Italy Industrial Sales ↓ 12.0% to ↓ 14.0% Y/Y



Spain Total Public & Private Debt ↑ 400% (total country debt-to-GDP)

Spain National Debt ↑ 200.3% (debt-to-GDP – increasing – bankrupt)

Spain GDP ↓ 1.7% + ↓ 0.4%; ↓ 2.2% Y/Y (contracting)

Spain Budget Deficit ↑ 8.5% (percent of GDP)

Spain Retail Sales ↓ 9.8% (contracting)

Spain Unemployment ↑ 24.8% to ↑ 25.1% to ↑ 26.6%

Spain Unemployment Youth Under 25 Years ↑ 50.0% to ↑ 57.4%



Poland GDP ↓ 3.5% to ↓ 2.4% (contracting)

Poland Retail Sales ↓2.1% to ↓ 1.5%



Portugal Total Public & Private Debt ↑ 406% (total country debt-to-GDP)

Portugal National Debt ↑ 207.3% (debt-to-GDP – increasing – bankrupt)

Portugal Unemployment ↑ 15.0% to ↑ 25.0%

Portugal GDP ↓ 3.4% to ↓ 5.7% to ↓ 50.0% (contracting)

Portugal Unemployment Youth ↑ 36.0%

Portugal Retail Sales ↓ 25.0%

Portugal Tax on Electricity ↑ 6.0% to ↑ 23.0%



Russia Billionaires ↑ Most Billionaires in World (WSJ)

Russia First Trillonaire Reported to be Vladimir Putin (WSJ)

Russia GDP ↑ $1.78 T (2011) (Gross Domestic Product : economy produced goods and services)

Russia GDP ↑ 3.5%

2005-2014 Russia GDP








Central Bank of the Russian Federation Gold Reserves

Central Bank of the Russian Federation







Russia Unemployment ↔ 4.9% to ↑ 5.2%

Russia Income ↑ 10.2%

Russia Military ↑ 667,000 (active-duty)


Latin America


Brazil GDP ↓ 7.0% to 3.1% (contracting)



Wealth Rankings in Asia

Wealth Rankings in Asia










China Beige Book Regional Overview

China Beige Book Regional Overview






Region 1: Shanghai, Jiangsu, Zhejiang

Growth slowed – retail & real estate gains weakening sharply – despite stability in manufacturing and pickups in services, transport, and agriculture. Borrowing was stable with rates down at banks and up at non-bank lenders. Hiring slowed, as did margin growth. On-quarter weakness was modest, but the on-year drop was worrisome.

Region 2: Guangdong, Fujian

Despite the national slowdown, Guangdong’s pickup continued, driven by manufacturing and transport. Growth was steady in retail, off in services and property. Wage growth remained high but costs inflation eased, boosting margins. Borrowing ticked up, with bank rates steady and shadow rates up. The export power-house found an encouraging second wind.

Region 3: Beijing, Tianjin, Shandong, Hebei

The capital region saw Q1’s worst results, due to trouble in services and manufacturing. Property and mining were stable, retail slightly better. Margin growth suffered. Borrowing was stable and moved to banks, on the country’s lowest interest rates. Beijing is leading the national economic slowdown.

Region 4: Heilongjiang, Jilin, Liaoning

The Northeast slowed as mining contracted and manufacturing, property, and farming growth eased. Services was stable and retail saw a pick-up. Hiring and wages strengthened, while pricing weakened, pressuring margins. Borrowing ticked up, rates easing. Rebalancing does not look easy in this old industrial region.

Region 5: Hubei, Henan, Chongqing, Sichuan, Anhui, Jiangxi

Growth slowed sharply, slipping in retail, services, property, farming, and mining, with only manufacturing stable. Hiring was steady but input costs grew faster, narrowing margin gains. Borrowing slid again, with lower interest rates in both formal and shadow finance – not an encouraging trend.

Region 6: Shaanxi, Shanxi, Inner Mongolia, Ningxia

Growth took a hit, gains slowing in this crucial mining sector. Manufacturing, real estate and, especially, retail weakened. Services and transport were the bright spots. Hiring and margin growth both eased. Borrowing was flat as rates went up. The North remains dependent on struggling mining.

Region 7: Guizhou, Guangxi, Yunnan, Hainan, Hunan

Again out of sync with the rest of China, the Southwest sped up. Manufacturing, transport, and mining improved, but retail, services, and real estate saw growth slow. Hiring and input costs picked up, but so did pricing and margins. Borrowing ticked up, as shadow lenders’ rates moved back above banks’ rates.

Region 8: Xinjiang, Tibet, Gansu, Qinghai

The West again boasted China’s best overall growth, though manufacturing, retail, and services slowed. Only property picked up, with mining and transport stable. Hiring and input cost growth were steady, but pricing and margin growth eased. Borrowing remained China’s least frequent as rates jumped.

Manufacturing is fine, yet the economy is not

The pace of Chinese economic expansion has painfully slowed. Revenue, sales, profit, and wage growth are all weaker than a year ago. The slowdown is particularly steep in the North [region 6] and Northeast [region 4] and also pronounced in Beijing [region 3] and Central China (region 5).

By sector, stable first-quarter growth in manufacturing confirms our long-standing thesis that it is no longer the economy’s bellwether…

A bounce-back later this year is possible

The worst performer according to CBB figures, both on-quarter and on-year, is real estate and construction. While property companies are getting crushed, the sector is also notoriously unstable for both structural and political reasons. It would be no surprise if real estate were to rally before the end of the year.

More immediate reason for optimism: Growth in new domestic orders was solid (save in the Northeast), and domestic orders and export orders were both stronger in powerhouse Guangdong. The results do not indicate a boom later in 2014, but they do suggest that linear forecasts of continued deterioration are overly simplistic.

Financial segmentation is profound

The ongoing debates about monetary policy assume that anticipated loosening or tightening applies across the spectrum of borrowers. CBB data say otherwise, and in multiple ways. First, while the number of firms reporting that they borrowed stabilized in Q1, it did so at a very low level. Shoving more liquidity at the credit market will have limited effects until participation expands. This includes RRR cuts – though of course these may occur for political reasons.

Second, shadow finance may be revving up for a comeback. CBB numbers show a recovery in the sales of wealth management products (WMPs), likely due to competition from online banking. This is cash leaving the traditional banking sector and, while non-bank lending did not pick up in the first quarter, the groundwork is being laid for it to do so.

Online banking may be encouraging riskier behavior

Online lenders are typically viewed as a force for liberalization, as well as a potentially healthier alternative to unregulated shadow finance. Yet our data show their proliferation would impart significant costs as well…

What appears to be happening is the higher returns available in online banking are forcing banks to move more transactions off-balance sheet, in order to avoid the interest rate cap. While this may accommodate policy goals in the short term, an uptick in off-balance sheet funding portends more shadow bank lending down the line.

Interest rate spread between banks & shadow banks highest in a year

Bank loan rates and bond yields eased slightly this quarter, but the cost of capital increased again for those borrowing from non-bank lenders. While the shifts were not dramatic, the spread between bank and non-bank loan rates nationwide is now the largest since Q1 2013. This highlights the still more challenging road for those firms, principally domestic private entities that are pushed outside formal lending channels.

Growth Is Slowing But Not Collapsing (So Far…)

After reading through the latest report, consulting with friends who are also familiar with the research, and bombarding Leland with a never-ending stream of questions for the last month, John and I still cannot claim to have enough information to make a directional call on the world’s most powerful (and least understood) macro force… but we know more about the inner workings of China’s economy than we did when we wrote to you a couple of months ago.

Great data often has that effect – it’s like shining a light into the shadows (including China’s shadow banks). We can see the nuanced regional contrast in economic activity, the modest (but still insufficient) rebalancing between sectors, and pressure points in the credit markets that suggest last summer’s interbank volatility may return in 2014.

We also see a far more mixed picture of economic activity than a lot of the widely followed headline data suggests. The overall pace of Chinese economic growth is clearly slowing but not collapsing. The credit transmission mechanism is obviously broken, as you can see in the chart below (with government and government-sponsored borrowers in zombie industries consuming the majority of the country’s credit… in turn forcing households to borrow through shadow banks at massive risk premiums); but so far, the credit bubble is not imploding.

State Credit







(Source: Wei Yao, “China: A whiff of debt deflation.” Societe Generale Research, May 9, 2014)

China’s greatest challenge will lie in deleveraging the economy while also rebalancing toward a consumption-driven growth model for the first time in modern history. That cannot happen as long as households remain repressed by unequal access to credit markets or intentionally suppressed exchange rates, which essentially represent a transfer of household wealth from workers to state-favored firms. But reforming the system will require a greater slowdown than China’s policymakers are letting on. And, Leland warns, Beijing runs the risk of blowing its credibility and instigating capital flight if the divergence between official forecasts and China’s actual economic experience grows too large. (China Beige Book International)

Global Total Public & Private Debt

↑ 212% to ↑ 345% to ↑ 400% to ↑ 435.6% (total country debt-to-GDP – CBO)

China Billionaires122 (Forbes)

China Millionaires1.3 million (BCG – Boston Consulting Group)

China National Debt ↑ 43.3% (debt-to-GDP – increasing)

China National Debt ↑ $2.78 T (increasing)

China GDP

China GDP





China GDP ↑ $14.8 T (Gross Domestic Product : economy produced goods and services)

China GDP ↑ 9.2% (2011) to 8.1% to ↓ 7.5% (contracting)

China GDP Rank ↑ China first largest economy in world 2010 (Peterson Institute and University of Pennsylvania)

China FOREX Reserves ↑ $3.2 T (currency market)

China Inflation v. Deflation – Answer : Only economy in world in real Inflation growth

China Income Average Pay Increase 15.0%

China Income 7.6% (inflation adjusted wages)

China Education World Rank1st (Students Rank : Program for International Student Assessment)

China Education Math & Science World Rank1st (Shanghai) (Students Rank : Program for International Student Assessment)

China Work Force ↑ 810,000,000

China Unemployment Rate ↓ 3.0%; ↑ 97.0% (employed)

China Consumer Prices ↑3.2% to ↑3.6%

China Retail Sales ↓ 14.7% to ↑ 15.2% to ↓ 13.7% to ↑ 13.4%

China Home Prices ↓ (deflation)

China Housing Vacancy ↑ 24%

China Business Sentiment MNI ↓ 51.92 to ↑ 53.21 points

China Manufacturing 9.5% (slowing)

China PMI↓ 49.3% to ↓ 48.7% to ↓ 48.2% to ↓ 47.6% (Purchasing Manager’s Index)

China New Export Orders ↓ 47.9 to ↓ 46.8 ↓ 45.9 points

China Exports ↑ 8.9%

China Imports 6.3%

China Imports Flows








Energy Information Agency (EIA) China has twice as much proven oil reserves as the US.

China Proven Oil Reserves

China Computer Speed ↑ China’s Tianhe-1A (NUDT) is the third fastest super computer in the world, capable of processing more than 2.57 petaflops or quadrillion (thousand trillion) calculations per second

China Military ↓ 2.2 to ↑ 2.28 m (largest active-duty military in world), 7,400 Tanks, 71 Submarines, 2,004 Aircraft combat-ready, 1 Aircraft Carrier advanced state of the art



India GDP↓10.0% to ↓ 8.4% to ↓ 6.3% to ↓ 5.5% (contracting)



Japan National Debt 230% to ↑ 620% to ↑ 650% to ↑ 656.8% (debt-to-GDP – contracting)

Japan National Debt









Per Capita Sovereign Debt Per Person ↑ $129,711

Japan National Savings Rate

Japan National Savings Rate







Japan GDP ↓ 3.5% (contracting)

Japan Computer Speed ↑ Japan’s K Computer (Fujitsu) is the second fastest super computer in the world, capable of processing more than 8.16 petaflops or quadrillion (thousand trillion) calculations per second

Japan Balance of Trade (BOT)

Japan Balance of Trade

Japan Exports Flows

Japan Exports Flows







South Korea

South Korea GDP ↓ 6.2% in 2010 to ↓ 3.6% in 2011 to ↓ 3.0% in 2012 (debt-to-GDP – contracting)

South Korea Exports 50% of GDP ↓ 8.8% + ↓ 6.3%



South Africa

South Africa






Middle East

Iraq (Persia)

Iraq GDP ↓ (debt-to-GDP – contracting)

Iraq Oil Exports 2.317 headed to 3.4 (million barrels per day)


Iran (Persia)

Iran GDP ↓ (debt-to-GDP – contracting)

Iran Oil Exports 2.2 in 2011 to ↓ 1.25 (million barrels per day)

Shia vs. Sunni



World Debt

World Debt

Global Market Income Redistribution Share

Global Market Share

Value of Cross-Border Goods Flows Between Regions

Value of Cross-Border Goods Flows Between Regions

Value of Cross-Border Financials Flows Between Regions

Value of Cross-Border Financials Flows Between Regions

Value of Cross-Border Services Flows Between Regions

Value of Cross-Border Services Flows Between Regions

Global Poverty Levels

$1.25 per Day 18.4%

$2.00 per Day 41.5%

(World Bank)

2014 Index Economic Freedom

2014 Index Economic Freedom - Heritage Foundation









Global Total Public & Private Debt

↑ 345% to ↑ 400% to ↑ 435.6% (total country debt-to-GDP – CBO)

Global Debt↑ $184.0 trillion (increasing)

Global GDP ↓ $69.7 trillion (debt-to-GDP – contracting)

Global GDP ↓ 6.9% in 2011 + ↓ 10.0% in 2012 (contracting)

Highest GDPs Per Capita Per Head $99,557 per head Norway, $56,210 per head Denmark, $55,244 per head Sweden, $46,178 per head Finland 

For comparison, the U.S.’s GDP per capita per head is at $53,315

Global Employment

Global Employment






Fertility Rate & Life Expectancy

Fertility Rate & Life Expectancy









1963 Top Countries Life Expectancy No.1 Japan, No. 2 France, No. 3 United States (OECD – Organization for Economic Development)

2014 Top Countries Life Expectancy No.1 Japan, No. 2 Switzerland, No. 3 Australia, No. 28 United States (OECD)

Global Millionaires 13.8 million worldwide (BCG – Boston Consulting Group)

Most Billionaires in World ↑ Russia (WSJ)

First Trillonaire Reported to be Vladimir Putin of Russia (WSJ)

Global Top 15 Countries Ranked by Wealth

Top 15 Countries Ranked by Wealth

Global Demand Economic Output Slowing (Ifo Institute)

CAPE (cyclically adjusted price-earnings) Global Stocks

CAPE (cyclically adjusted price-earnings)

Global Economic Growth (1980-2011)

1980-2011 Global Economic Growth Rankings

Global Consumer Consumption

Global Emerging Markets ↓

Emerging Markets

Global Trade↓ 5.0% in 2011 to ↓ 3.7% in 2012 (contracting)

Global Banking System Derivatives Debt Bet ↑$1,000.00+ T or $1+ Q (Q = quadrillion or 1,000,000,000,000,000 or thousand trillion) (15 times world GDP)

20 Leading Economies Debt as % of GDP (gross domestic product)

20. United States: 100%
19. Hungary: 110.3%
18. Italy: 136.6%
17. Australia: 139.9%
16. Spain: 169.5%
15. Greece: 178.9%
14. Germany: 183.9%
13. Portugal: 207.3%
12. Austria: 241.3%
11. Finland: 244.8%
10. Norway: 246.9%
9. France: 254.4%
8. Sweden: 262.3%
7. Hong Kong: 265.7%
6. Denmark: 283.2%
5. Belgium: 353.7%
4. Netherlands: 367%
3. Switzerland: 391.3%
2. United Kingdom: 451.4%
1. Ireland: 1,239%

Global CPRI ↔ flat 0.7% + ↑ 0.4% + ↑ 0.1%; ↑ 1.5% to ↑1.8% to ↑ 2.2% to ↑ 2.3% to ↑ 3.1% Y/Y (CPRI – Chemical Production Regional Indices)

Global Semiconductor Sales ↓ 1.6% + ↓ 0.1%; ↓ 7.8% Y/Y

Global Manufacturing PMI51.1 to ↓ 50.3 to ↓ 48.6 to ↓ 48.1 to ↑ 48.9 to ↑ 49.7 (JP Morgan) (below 50 contracting)

GDP Per Capita/PPP and the ‘Trust’ Indicator


Trust Indicator

1010 GDP Per Capita/PPP


























































Central Afr. Rep.















Congo, Dem. R.



Congo, Rep. Of



Costa Rica









Czech Rep.






Dominican Rep.









El Salvador










































Hong Kong







































Korea, South
















































New Zealand
























Pap. New Guinea






























Sierra Leone






Slovak Rep






South Africa






Sri Lanka

































Unit. Arab Em.



United Kingdom



United States
















Strategic Resources

Gold (↑ $1,622.70 end 2011) to ↓ $1,609.30 to ↑ $1,622.60 to ↑ $1,687.60 to ↑ $1,740.50 to ↑ $1,772.70 to ↑ $1,778.00 to ↑ $1,780.00 to ↓ $1,724.00 to ↓ $1,675.00 to ↑ $1,714.70 to ↓ $1,705.60 to (↓ $1,660.10 end 2012) to ↓ $1,648.90 to ↑ $1,663.20 to ↓ $1,572.30 to ↑ $1,582.70 to ↓ $1,469.40 to ↓ $1,393.00 to ↓ $1,235.20 to (↓ $1,202.30 end 2013) to ↑ $1,242.50 to ↑ $1,325.50 to ↓ $1,292.30 to ↑ $1,291.40 to ↓ $1,274.00 to ↑ $1,326.10 to ↓ $1,311.00 to ↓ $1,231.50 to ↑ $1,239.50 to ↓ $1,169.80 to ↑ $1,190.40 to (↓ $1,184.10 end 2014) to ↑ $1,283.00 to ↓ $1,186.70 to ↓ $1,175.75 to ↓ $1,174.50 to ↑ $1,189.80 to ↓ $1,171.20 (per Troy ounce)

Silver (↑ $27.801 end 2011) to ↑ $28.06 to ↑ $31.44 to ↑ $33.69 to ↑ $34.656 to ↓ $34.638 to ↓ $34.57 to ↓ $32.097 to ↓ $30.86 to ↑ $32.37 to ↑ $33.16 to (↓ $30.20 end 2012) to ↓ $29.95 to ↑ $31.35 to ↓ $28.49 to ↓ $27.48 to ↓ $24.28 to ↓ $22.24 to ↓ $19.60 to (↓ $19.37 end 2013) to ↓ $19.16 to ↑ $21.22 to ↓ $20.05 to ↓ $19.33 to ↑ $19.66 to ↑ $21.80 to ↓ $19.94 to ↓ $18.61 to ↓ $17.44 to ↓ $15.71 to ↑ $16.26 to (↓ $15.68 end 2014) to ↑ $17.19 to ↓ $16.70 to ↓ $15.68 to ↑ $16.14 to ↑ $16.70 to ↓ $15.60 (per Troy ounce)

Copper (↓ $336.75 end 2011) to ↑ $340.40 to ↑ $345.70 to ↑ $364.50 to ↑ $383.25 to ↓ $378.90 to ↓ $377.80 to ↓ $363.75 to ↓ $348.15 to ↓ $346.15 to ↑ $366.50 to (↓ $356.70 end 2012) to ↑ $369.35 to ↑ $372.35 to ↓ $350.10 to ↑ $336.40 to ↓ $324.20 to ↑ $329.25 to ↓ $319.75 to (↑ $339.65 end 2013) to ↓ $319.25 to ↓ $318.70 to ↓ $304.35 to ↑ $314.70  to ↓ $302.75 to ↑ $319.55 to ↓ $317.35 to ↓ $310.65 to ↓ $300.45 to ↑ $303.85 to ↓ $290.25 to (↓ $282.65 end 2014) to ↓ $285.25 to ↓ $277.10 to ↓ $275.30 to ↑ $292.95 to ↓ $272.80 to ↓ $261.60 (pound)

Oil Brent Crude (↑ $114.57 end 2011) to ↓ $114.25 to ↑ $116.66 to ↓ $111.42 to ↑ $112.02 to ↓ $110.14 to ↓ $105.60 to ↑ $108.95 to ↓ $107.25 to ↑ ($108.97 end 2012) to ↑ $111.31 to ↑ $116.22 to ↓ $110.40 to ↑ $110.87 to ↓ $103.65 to ↓ $100.39 to ↑ $110.02 to (↑ $110.80 end 2013) to ↓ $106.42 to ↑ $109.10 to ↓ $104.73 to ↓ $102.02 to ↑ $112.46 to ↓ $112.18 to ↓ $105.02 to ↓ $97.11 to ↓ $83.68 to ↓ $83.39 to ↓ $69.07 to (↓ $57.33 end 2014) to ↓ $52.49 to ↑ $55.22 to ↑ $65.28 to ↑ $66.46 to ↓ $65.56 to ↓ $62.82 (Best Oil per barrel Measure of Price: 42 US gallons, 158.9873 liters, 34.9723 Imperial UK gallons)

Oil WTI (West Texas Intermediate) (↑ $91.40 end 2011) to ↑ $93.37 to ↑ $96.47 to ↓ $96.42 to ↑ $99.00 to ↓ $92.89 to ↓ $89.88 to ↑ $90.05 to ↓ $84.86 to ↑ $86.92 to ↓ $86.06 to (↑ $88.66 end 2012) to ↑ $93.09 to ↑ $97.31 to ↓ $90.68 to ↑ $96.62 to ↓ $94.41 to ↓ $91.97 to ↑ $93.33 to (  $98.42 end 2013) to ↓ $97.57  to ↑ $102.55 to ↓ $99.52 to ↑ $109.75 to ↓ $106.91 to ↓ $105.42 to ↓ $97.65 to ↓ $92.27 to ↓ $81.58 to ↓ $78.65 to ↓ $65.84 to (↓ $53.80 end 2014) to ↓ $47.85 to ↑ $48.04 to ↑ $57.15 to ↑ $59.15 to ↑ $60.30 to ↓ $58.59 (Oil per barrel: 42US gallons, 158.9873 liters, 34.9723 Imperial UK gallons)

Natural Gas (↓ $2.877 end 2011) to ↓ $2.782 to ↑ $2.799 to ↓ $2.682 to ↑ $2.943 to ↓ $2.885 to ↑ $3.396 to ↑ $3.617 to ↓ $3.55 to ↑ $3.79 to ↓ $3.49 to (↓ $3.45 end 2012) to ↓ $3.29 to ↑ $3.37 to ↑ $3.46  to ↑ $3.97 to ↑ $4.15 to ↓ $3.98 to ↓ $3.92 to (↑ $4.23 end 2013) to ↑ $4.92 to ↓ $4.61  to ↓ $4.35 to ↑ $4.41 to ↑ $4.74 to ↓ $4.44 to ↓ $3.96 to ↓ $3.86 to ↓ $3.81 to ↑ $4.41 to ↓ $3.80 to (↓ $2.92 end 2014) to ↓ $2.68 to ↓ $2.66 to ↓ $2.68 to ↑ $2.78 to ↓ $2.64 to ↑ $2.82 (MMBtu)

Chess One Down

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An American Creed

Dean Alfange

Dean Alfange

“I do not choose to be a common man.

It is my right to be uncommon if I can.

I seek opportunity not security.

I do not wish to be a kept citizen, humbled and dulled by having the state look after me.

I want to take the calculated risk; to dream and to build, to fail and to succeed.

I refuse to barter incentive for a dole. I prefer the challenges of life to the guaranteed existence; the thrill of fulfillment to the stale calm of utopia.

I will not trade freedom for beneficence nor my dignity for a handout.

I will never cower before any master nor bend to any threat.

It is my heritage to stand erect, proud and unafraid; to think and act for myself, enjoy the benefit of my creations, and to face the world boldly and say, this I have done.

All this is what it means to be an American.”


“Inflation”, Bernard Baruch wrote, “flows from the selfish struggle for special advantage among pressure groups. Each seeks tax cuts or price increases or wage raises for itself while urging the others to make the sacrifice, and with little regard for the national interest.”

“The man on the street…” declared Leonard Paul Spacek, “… has the right to assume that he can accept as accurate the fundamental end results shown by the financial statements in annual reports.”

“There must be no sharing of nuclear technology with allies…” advocated General Leslie R. Groves, “…even within the U.S. government; he zealously embargoed information from most agencies and departments, including the White House itself.”