Executive Employment Searching

The deficit of 1.5 trillion is funding 50 to 60 million jobs in America. We are borrowing to spend on consumer economy. These are all service sector jobs. We need manufacturing jobs, science, engineering and technology jobs. Service sector jobs are not able to help curb trade deficit. It is a dead end. Keynesians are dead wrong about it. At the end of the day, they won't be able to spend to stimulate the economy. Once their hand is forced, the crash will be unlike anything we have ever witnessed. We need to let the free markets run so that private sector can align itself with what works and what does not. FED is giving the wrong signals to the economy and it is creating wrong kind of jobs. These jobs won't survive the next leg down.

U3 is not an accurate indicator of unemployment. There are many people who want a job but they do not qualify for benefits and they are not counted! Real unemployment is about 18-22% right now. A good way to look at unemployment is to count who is actually employed:

www.kondratieffwavecycle.com/unemployment/

The true cause of our economic problems is not unemployment, or housing, or productive capacity. Our real problem is man made. Self induced. We have borrowed from the banks for many decades. Banks use fractional reserve banking and they legally counterfeit money. This new money inflates the prices and salaries. Now our entire money supply is created by the banks like this and it is N. But we promised to pay back N+I, I is the interest.

I hope it is obvious to you that entire population cannot possibly be employed with salaries that makes it possible to earn N+I. Thus, bankruptcies, foreclosures are a guaranteed part of this debt based monetary system. But then the question is: If borrowers are guaranteed to fail, why does the bank get to keep the house?

When the economy is strained by excessive debt burden like this, do not hope to find employers who can hire people. They are in trouble too. Their customers are in trouble too. Everybody is in debt and nobody wants to spend. It is a deflationary crash. Gary Shilling lists many reasons for double dip recession. Borrowing is not the solution. Borrowing is the cause of the problem. Nothing is fixed. We are doing all the same. We will loose more jobs because of excessive spending of today. The economy is telling us we are on the wrong path and to ease the symptom we are spending borrowed money. By the time we attack the real structural causes of unemployment it will be too late for the United States. Double dip recession is coming:

www.kondratieffwavecycle.com/double-dip-recession/