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Notes to "Facts About the State of US-Economy"

Notes to "Facts About the State of US-Economy"

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Published by jwr47
It seems to be difficult to find a balanced set of information for the global economy which is dominated by the US-economy. Most official documents have been manipulated, probably to avoid panics.

Most manipulation usually is performed by simplification of structured data. Access to structured data is a complicated process if the data structure's complexity is oversized or blurred.

Accidentally I found one of the most reliable detailed analysis of US-statistics a forum titled: "Facts about the state of the US economy - signs of a terminally ill culture" , which clearly illustrates how to read the fundamental data sources. To me this statistics seem to be more realistic correct than any of the “officially” published data.

Striking facts are the relations described as the Public vs Private statistics, clarifying how jobs in the public sector have been generated to compensate for the jobs lost in the private sector (→ “20% of workers employed in the public sector versus the 80% who work for private-sector employers”). I never saw an explanation for the mechanisms of exchanging lost jobs between Public & Private sectors and (low level & high level) job qualities.

The documentation illustrates how the government managed the employment numbers by replacing lost jobs either by lower level jobs or (for the missing numbers) jobs in the public sector. In the background the manufacturing job losses (50,000 jobs / month) remain constant.
For middle class people the decline in wealth and the loss of saving reserves is evident and the credit card debt is impressive and very expensive. The poverty rate is a shame. This is the first report I heard of a (culminating) misery index and the rail car loads of waste and scrap materials as an economic indicator of a collapse. This depression seems to be based on worse fundamentals than the Great Depression, but in contrast the current depression cannot be regulated by a gold standard.

Checking the overall parameters the US-economy remains in a depression. A main contribution to the economic problems and the 33% of global debts seem to be arising from the 41% share in global military spending.

Kotlikoff's "fiscal gap" seems to remain an unsolved problem. The derivatives market permanently threatens to trigger another collapse of the Lehman category. Both fiscal gap and derivatives market are 200 trillion dollars categories.

If the monetary and economic system is due to collapse we might ask ourselves what point of time would be the optimal choice for our society. In the case we would have had a gold standard the crash already might have happened way back in 2007. Without a gold standard the already huge pile of debts is still growing to a gigantic amount virtual wealth, to be lost by those who trusted the system. This certainly will be going to cause big trouble, really big trouble ahead: indeed the signs of a terminally ill culture... The Euro of course is merely a follower of fashion and largely copying the US-procedures.
It seems to be difficult to find a balanced set of information for the global economy which is dominated by the US-economy. Most official documents have been manipulated, probably to avoid panics.

Most manipulation usually is performed by simplification of structured data. Access to structured data is a complicated process if the data structure's complexity is oversized or blurred.

Accidentally I found one of the most reliable detailed analysis of US-statistics a forum titled: "Facts about the state of the US economy - signs of a terminally ill culture" , which clearly illustrates how to read the fundamental data sources. To me this statistics seem to be more realistic correct than any of the “officially” published data.

Striking facts are the relations described as the Public vs Private statistics, clarifying how jobs in the public sector have been generated to compensate for the jobs lost in the private sector (→ “20% of workers employed in the public sector versus the 80% who work for private-sector employers”). I never saw an explanation for the mechanisms of exchanging lost jobs between Public & Private sectors and (low level & high level) job qualities.

The documentation illustrates how the government managed the employment numbers by replacing lost jobs either by lower level jobs or (for the missing numbers) jobs in the public sector. In the background the manufacturing job losses (50,000 jobs / month) remain constant.
For middle class people the decline in wealth and the loss of saving reserves is evident and the credit card debt is impressive and very expensive. The poverty rate is a shame. This is the first report I heard of a (culminating) misery index and the rail car loads of waste and scrap materials as an economic indicator of a collapse. This depression seems to be based on worse fundamentals than the Great Depression, but in contrast the current depression cannot be regulated by a gold standard.

Checking the overall parameters the US-economy remains in a depression. A main contribution to the economic problems and the 33% of global debts seem to be arising from the 41% share in global military spending.

Kotlikoff's "fiscal gap" seems to remain an unsolved problem. The derivatives market permanently threatens to trigger another collapse of the Lehman category. Both fiscal gap and derivatives market are 200 trillion dollars categories.

If the monetary and economic system is due to collapse we might ask ourselves what point of time would be the optimal choice for our society. In the case we would have had a gold standard the crash already might have happened way back in 2007. Without a gold standard the already huge pile of debts is still growing to a gigantic amount virtual wealth, to be lost by those who trusted the system. This certainly will be going to cause big trouble, really big trouble ahead: indeed the signs of a terminally ill culture... The Euro of course is merely a follower of fashion and largely copying the US-procedures.

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Published by: jwr47 on Mar 08, 2013
Copyright:Attribution Non-commercial

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