Two More Census Workers Blow the Whistle

[Sassy]

Your & my tax $$$$ at work...   

http://www.nypost.com/p/news/business/two_more_census_workers_blow_the_OqY80N3DBTvL17VmxKKR0O

[glenn kangiser]

Looks like that goes along with hiding the contraction of the money supply and their desire to keep it quiet.

http://www.blacklistednews.com/news-8909-0-13-13--.html

[muldoon]

glen, I saw that artcile as well yesterday. 

"It's frightening," said Professor Tim Congdon from International Monetary Research. "The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This is why the US is not recovering properly," he said.

Contracting money supply doesn't fit very well with the theory of the printing press.  Anyway, the article only refers to the M3 statistic, and M3 is a very small picture of the way money moves through the economy because it does not include credit.  To get a picture of whether our spending mechanisms are contracting or not one would look at both.

Ohh..  available credit contracting at rates never seen, physical currency contracting at rates not seen since the 30's.  Ohh. 

I think his reasoning is quite funny tho.  banks are still insolvent.  their balance sheets are still full of fraudulent and declining assets.  no matter how much we give them all we do is buy time because they still lose more than they make.  since they are all horribly broken the economy is not "recovery properly"?  wow, who-coulda-thunk-it? 
--
as for the census workers being used to manipulate the jobs reports, why bother?  absolutely no one believes those jobs reports anyway. 

[glenn kangiser]

Thanks muldoon,  I think you have a better handle on it than any other so called analysts.

I keep checking with most of my suppliers and I hear the same all over - jobs are not happening with more frequency.  Seems there are just more and more cuts of one size or another.

[peternap]

Thanks muldoon,  I think you have a better handle on it than any other so called analysts.

I keep checking with most of my suppliers and I hear the same all over - jobs are not happening with more frequency.  Seems there are just more and more cuts of one size or another.

SAME HERE...NO JOBS BUT A FUNNY THING:

Yesterday I called my favorite lumber mill to order 14' 2X4's for another room in the barn..
The price has gone up by a dollar. No one's building but prices went up.

I dusted off the sawmill.