The Recession Is Over… I Want My Caviar and Bubbly

Time to celebrate. No sky falling. Its all just been a bunch of raving blogger lunatics like me who scream Chicken Little.

Sorry about that.

I mean, gosh, since we have so many of the Talking Heads telling us that we are on the rebound, it might be time to party hardy (almost like it was 1999 again). I can just see my guests as they file in through my front door, explain to me how good their “recovery” is right now. I can just imagine how my buddy Ray in Memphis feels about the recovery since he lost his job (and can’t find one for many months).

Shoot, since we only lost 19,000 jobs last month, we should pop the corks, shouldn’t we. Maybe break out the little fish eggs like real rich folk.

There may be a problem buying the caviar, though. It appears that when we compare real numbers in the world, we see what a recession really is and that our Trade War enemy seems to be fairing quite well for themselves. With that many fish egg eaters doing so well, we might be able to just find our own carp eggs and do the best we can with a Budweiser.

And speaking of food (or the lack thereof)… it appears that someone is lying to us about how much food is available in America and what is available can’t be afforded by over 10% of our fellow Americans. In a Reuter’s Article titled Record Number of Americans Using Food Stamps breaks the numbers down:

Last month, the USDA said 36.2 million Americans or 11 percent of households struggle to get enough food to eat, and one-third of them had to sometimes skip or cut back on meals.

The previous high was 10.5% (and this in the aftermath of Katrina).

Well, forget all that shit. The recession is over and they will begin adding jobs very soon, right? Just around the corner?

Better not listen to another raving lunatic blogger, Mr Dave Lindorff as he explains the contrary view over at AfterDowningStreet (some might even call it the “reality” view) in an article called, “Forget the Happy Talk: Longer, Deeper Recession Ahead, Execs Warn“. It appears that someone is telling some mistruths and reality from those that ARE in-the-know (as opposed to in-the-propaganda-business) needs some illumination if you are going to be an educated redneck:

What didn’t get widely reported was a report by the Association of Financial Professionals, a trade association that includes CFOs, treasurers, comptrollers, and risk managers of mid-sized and large corporations, which asked over 1000 of these executives the question: “When do you expect your company to begin hiring again?”

The answer tells you all you need to know about the depth of the current economic crisis, and blows all the media and government happy talk out of the water.

This Outlook Survey by the APF, which was funded by Wells Fargo Bank, shows that 26 percent of executives expect to see their company payrolls continue to shrink in 2010, while 46% more expect employoment to stay at current low levels. Put another way,only 25% of companies surveyed expect to return to pre-recession hiring levels in 2011, while 32% don’t expect a hiring rebound until 2012. And fully 30% “do not expect their organizations ever to return their payrolls to pre-recessionary levels.”

And here’s another troubling bit of news. The same survey respondents say that their companies’ access to credit–the willingness of banks to lend–has barely budged. In fact only one in six reported that the had found credit a little easier to obtain in the last six months, while one in five actually reported that it had become harder to obtain credit. So much for the Obama administration’s and the Federal Reserve’s vaunted efforts to throw so much money–literally trillions of dollars–at the banks that they would start lending.

More than half of the executives responding to the survey said that if credit doesn’t become more accessible by mid-2010, their firms will have to take steps to conserve cash–steps which could include cutting capital spending (68%), freezing or cutting hiring (62%), cutting inventory (25%), delaying payments to suppliers (23%), tightening credit offered to customers (23%) and drawing down existing credit lines (22%). Note that all of these steps are things that would put a further drag on the economy and could push it into a second downward spiral.

The people who hire employees don’t seem to have such a glowing review, nor the small business owners who “thought” that the huge banker bail-outs would free that credit again. Nope. None of that.

That seems to be the overall consensus of the situation, but in my line of work (manufacturing) things are VERY BLEAK in the USA and LOOKING SWEET with our Trade War Enemy (China). You see, when it comes to making stuff (you know, the thing we were once known and renowned for in the world as the masters of), China is doing pretty dad gum good, where we are sucking hind teat.

What? {You ask in total surprise that I didn’t explain how Americans are the “most productive workers in the world” (or any of that other lying BS)}

Here are the facts: China Adds Almost As Many Manufacturing Jobs As Exist In America

This little article by Richard McCormack at Manufacturing & Technology News breaks down the numbers for you. Yes. That title is correct. In this “recession” for America, China has added as many manufacturing jobs to their economy as exists in TOTAL in America.

While the United States was losing millions of manufacturing jobs over the past decade, China was gaining many millions more. China’s manufacturing employment increased by 10 percent in four years, from 100.9 million workers in 2002 to 112 million in 2006, according to the U.S. Bureau of Labor Statistics (BLS). The increase was almost equal to the total number of Americans working in the U.S. manufacturing sector (14 million at the end of 2006, declining to 11.6 million in November, 2009). China has 100 million more people working in its manufacturing sector than does the United States.
The massive growth in manufacturing employment in China counters a myth propagated in America’s economic circles that China’s manufacturing employment is declining, just as it is in America.Yet the number of manufacturing workers in China is equal to 33 percent of the U.S. population. By comparison, the 11.7 million U.S. manufacturing workers at the end of November represented an order of magnitude less — 3.8 percent of the U.S. population.

You see, you hard working American (Redneck, like me, or not), as our recession is bottoming out and the “green shoots” start swelling you with pride at our recovery, and the bankers’ bonuses hitting a 40% increase from last year (on your dime, I might add), we (normal Americans) are still losing only 19,000 jobs per month (a point that Mr Lindorff points out to be a sham by seeing how the beginning of Dec showed an “unexpected increase” of  unemployment claims of 474,000).

We are losing jobs, China is adding them. We barely make anything and they make it all for us, by and large.

So, what happens when you find out that we are about to see a record loss in food production and exporting? What if you knew that one of the few things that stand between us making it through this recession/depression and not making it is that we provide around 40% of the world’s corn and soy beans (and a lot of other food stuff). As long as the supply is good, we have them by the starvation balls.

But it appears that this past year was not as wonderful as some government agencies would lead us to believe. And that a disruption and/or major shortage may be the catalyst for all the other countries invested in the American dollar to say, “Enough is enough!”

Read this article if you want to have the scare of your life (and a glimpse into the doomsday scenario I have been trying to link  with all the actions of our Corporate Elitist owned government).

*****2010 Food Crisis for Dummies*****

Over the last two years, the world has faced a series of unprecedented financial crises: the collapse of the housing market, the freezing of the credit markets, the failure of Wall Street brokerage firms (Bear Stearns/Lehman Brothers), the failure of Freddie Mac and Fannie Mae, the failure of AIG, Iceland’s economic collapse, the bankruptcy of the major auto manufacturers (General Motors, Ford, and Chrysler), etc… In the face of all these challenges, the demise of the dollar, derivative markets, and the modern international system of credit has been repeatedly forecasted and feared. However, all these doomsday scenarios have so far been proved false, and, despite tremendous chaos and losses, the global financial system has held together.
The 2010 Food Crisis is different. It is THE CRISIS. The one that makes all doomsday scenarios come true. The government bailouts and central bank interventions, which have held the financial world together during the last two years, will be powerless to prevent the 2010 Food Crisis from bringing the global financial system to its knees.

You will find how the losses this year are not being reported as they should and what this effect will be on the world. I did hear an interview with a Mississippi Sweet Potato Council member on MPBOnline last week as he explained that the Sweet potato crop last year was devastated (Mississippi is the sweet potato capital of the world). He said you better buy what you want now, because there will be a huge shortage soon.

So, from what I understand (and have heard on the periphery), there are shortages not being heavily reported and they could be the straw that breaks the camel’s back regarding the Dollar. When she fails, that is it.

But WAIT… there is more. What if you found out that the gold in Fort Knox is 70 – 80% Tungston and that we are shipping bogus gold to the rest of the world. What of India bought a bunch of it and found out it was bogus. What if the world finds this out?

There is the perfect storm that has come together. We are prepping by having forces all over the world and bases to make it possible for a first strike on any of the remaining enemies that we owe and seemingly have cheated.

Last month, the USDA said 36.2 million Americans or 11 percent of households struggle to get enough food to eat, and one-third of them had to sometimes skip or cut back on meals.

3 thoughts on “The Recession Is Over… I Want My Caviar and Bubbly

  1. Pingback: Currency News – Thursday, 24 December 2009 | Forex Market Tips and … | Pound Sterling Currency Herald
  2. Pingback: The Year Of The Fall « BuelahMan’s Redstate Revolt

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