Why Can't We Fix Unemployment Problem?
The plunder of U.S. by the money lenders is complete. We are now in debtors who have to work day and night to pay debt for a few generations. We have lost our leverage. We don't produce as much. We are dumb enough to borrow beyond our means. Why would corporations care whether we have jobs or not?
Multinational corporations do not have a nation. They are not patriots. All they care is to find new opportunities to make more money and remain in control. Now with the power of money, they are trying to get into China. In order to make their money power work, they want free trade, open borders, democracy (or an amicable king).
Economy is in bad shape. The only reason stocks are going up is because US dollar is falling, thanks to Bernanke. He is printing to make sure deflation does not wipe out his bankers.
Our problem is not unemployment. It is not housing. Our problem is lack of enough money to pay outstanding debt. It is a man made problem. This problem of deflation is built into the monetary system. Bernanke and everyone who had some education knows it. But they do not say it loud and clear.
An entire nation cannot borrow for decades, inflate the money supply and the prices with borrowed money, and then hope that all will be fine when the pay back time arrives! Banks create money when we borrow.
This debt becomes our money supply. It has principal + interest to pay. Principal exists because we borrowed it. But interest is only created with further borrowing! When borrowing stops, there is not enough money to pay outstanding total debt!
This is why banks are in trouble. This is why FED triples the base money supply and inflation is nowhere to be seen. This is why home prices are down, unemployment is up. The money to pay old salary levels does not exist. Employment numbers will get worse. A new recession will be declared well into the stock decline. Signs of deflation are clear: