YIPEE!!!!! America Lost OVER 500K Jobs Last Week!!!!
New jobless claims fall to 521,000, lowest since Jan
Now...with practically every company, school, hospital, city, county and state cutting jobs to survive.....and the FED printing trillions of FREE Money.....America is still losing OVER 500,000 jobs per week!!!!! That is OVER 26,000,000 per year for the math challenged.
And Wall Street is cheering the fact that many are firing and few are hiring??????
Losing OVER 500K jobs per week during a period when few are hiring is far more signifcant on net losses than losing 700K jobs per week when many are hiring. The joke is the birth/death model is still applying old job creation figures.
Couple that with the fact that we are still losing that many jobs while the government is printing MASSIVE amounts of FREE MONEY creates a very ominous outlook indeed.
Some of you Fools keep focusing on the Somali Pirates or Health Care reform.....once you find out money is free....you may finally realize everything you have accumulated in your life may be worthless as free money is worth exactly what it costs....nothing.
Not a big deal really....just a change in the world as you know it......
So those of you cheering on the over 500,000 Americans that lost their jobs last week(not including all the independent contractors or business owners)......have a great day.....as money becomes free and simply something for the Federal Rerserve to print and give to their friends...no matter how much you make....you are broke as well once everyone realizes what is going on.
It is amazing how long this charade has continued......maybe that is why we are building up troops? Hmmmmmmmmmmmmmmmmmmmm.