Just some information

[Farmersfan]

From Dr. Albert Niemi, Jr, the Dean of the SMU Cox School of Business. Dr. Niemi has a most impressive resume, including a focus in economic forecasting.

In a recent presentation that had many highlights in four areas: job growth, consumer spending, housing, and public policy. Here are some interesting points he had to say.

1. The real unemployment rate in America right now is 11%.
2. It took 84 months to regain peak employment since the Great Recession. There has never been a slower recovery in history than what we are in right now.
3. From 2007-2009, the average household lost 23% of net worth.
4. The largest tax increase in history occurred in 2013. Income tax rate increase, Medicare tax rate increase, return to normal payroll tax rate are why the current deficit is so low – the huge tax increase of roughly $1 Trillion.
5. Texas is doing great and will continue.
6. Texas has a net in migration from all 49 other states. Only place with net out migration? Washington, DC. He called this the Bush effect.
7. Among the 10 challenges to America’s Global Standing: #6 Growth of Government, #7 Drift to socialism.
8. And to me, maybe the most important: 100 years ago, government at every level took 8% of the economy. Today, government at all levels takes 42% of the economy.

[regaleagle]

The good Doc can stick his stats in his ear.....it don't take a rocket scientist to see what's really going on in the world. Just go to your local grocery store and have a look around. REAL UNEMPLOYMENT RATE@ 11%.......gimme a break!!! What is he counting......parttime jobs and low-paying hourly but not those that have fallen off the unemployment compensation rolls? Fracking is DEAD.....the Petro-Dollar is DEAD.....the almighty Stock Market is DEAD(for John Q Public).....your savings, retirement accts., and 401K's are all at great risk to be confiscated next. There's no RECOVERY, only a downward depression being controlled by TPTB. The dollar is on its deathbed, as is the American Middle Class. Put your heads in the sand and ignore all the signs around you......it will not change a thing. There is no reason to look optimistically toward a recovery....it will not occur. What we are seeing now are only the birth pains of what is to follow.....a way of life most of us have never before experienced.

[Farmersfan]

The good Doc can stick his stats in his ear.....it don't take a rocket scientist to see what's really going on in the world. Just go to your local grocery store and have a look around. REAL UNEMPLOYMENT RATE@ 11%.......gimme a break!!! What is he counting......parttime jobs and low-paying hourly but not those that have fallen off the unemployment compensation rolls? Fracking is DEAD.....the Petro-Dollar is DEAD.....the almighty Stock Market is DEAD(for John Q Public).....your savings, retirement accts., and 401K's are all at great risk to be confiscated next. There's no RECOVERY, only a downward depression being controlled by TPTB. The dollar is on its deathbed, as is the American Middle Class. Put your heads in the sand and ignore all the signs around you......it will not change a thing. There is no reason to look optimistically toward a recovery....it will not occur. What we are seeing now are only the birth pains of what is to follow.....a way of life most of us have never before experienced.



Your obsessive behavior about the economy and the outlook for the future is borderline mental regaleagle! Even if things collapse like you are predicting, Dirty Mike and the boys are all going to show up at your house and take all your stuff!!!! So worry less and enjoy what little time we have left.................... Besides, according to YOUR DOGMA, God will call you home when the end starts anyway so all your planning will only benefit the first person who stumbles onto your hidden treasure trove of gold and silver............:rolleyes:

[regaleagle]

Better to be a year early than a day late. When the House of Cards fall,(and they will) even the smallest amount of preps will be far better than the millions that did nothing....because then it's too late. Off to the FEMA camps, if you can make it thru the first week of total chaos. Then there's the first month....make it through that and you're now in a shortage mode, unless you have serious preps and a plan that will provide the basics for long-term(over 6 mos.). Past the 6-month time frame, if you're functioning on a self-reliant basis, you will probably be okay. By that time, most of the madness will have subsided somewhat and those that are functioning will have networked with others. No one knows the extent of the disconnect, but I wouldn't want to be depending on a government that is in total disarray to come to my aide. It ain't gonna happen. If anything, they'll be taking.....not giving. The less there is to deal with, the better for them is the way they'll view it. And they'll be too busy trying to manage conditions to devote their resources to those that are functioning on their own. Best case scenario is your preps can be used eventually if not needed, and you have learned to become more self-reliant. I don't want to think about any worst-case scenarios.....those are the ones I'd like to avoid if possible.