Skip to main content

tv   [untitled]    February 3, 2012 8:18pm-8:48pm EST

8:18 pm
and as we get deeper into the presidential election dozens of issues will come of that candidates will need to lay out their stances as we just talked about one of them is global warming as she just showed us. has dropped to eight point three percent this was an ambiguous lead positive it shows that the job market is definitively gaining traction but that the should be part of the jobs report this morning not just the headline numbers when you dig down into the details every part of it is strong. all right so a lot of happy news about the amazing jobs numbers but there is some other news as well some news that has not been reported if for example you were watching c.n.n. or n.b.c. however we will show you there are some good numbers and we got them right here the unemployment rate now down to eight point three percent down from eight point five
8:19 pm
from the month before this is the fifth straight month the rate has been on the decline also two hundred forty three thousand new nonfarm payroll jobs were created in january fifty thousand of those in manufacturing still as i said there's much more of the story so while everyone's throwing a party we want to make sure that the other side of the story was out there this country is still down after all six million jobs from the four before the recession began and for those who aren't finding a job things grow more difficult every month not less now earlier i spoke with our own more lester host of the capital account on what the real big picture is on the jobs outlook. so one of the things i think you know we have to know ok so the stock market rallied today this good jobs report everybody is cheering we look at everything from a very immediate picture a very right this moment picture and i think you know when you look at things in that term now maybe there are some things to get excited about this is an improvement as far as the month to month glance of the jobs rate but there's so
8:20 pm
much else that's not included in that and i can get further into it depending on what you're most excited about yeah i mean there are several different specifics we sort of mentioned some of the long term unemployed and i did find another kind of interesting chart that i want to put up for people you know an illustration of the layoffs themselves these are permanent layoffs versus temporary layoffs the green light the green line that you see down there just nine percent of layoffs in twenty eleven were temporary forty nine percent were permanent so when you're given that pink slip there's not a lot of hope for coming back there's of course that middle area to people that are you know maybe have a job but not in this capacity that they want to maybe part time maybe they're making a lot less than they should be so talk a little bit about some of those specific absolutely i think one of the biggest get out from this report and this is something that it's not just me looking at mohamed el area and the c.e.o. of pimco when he was interviewed today about this said yes good jobs report but there are a couple things i look at that are stuck the bad numbers in this jobs report and
8:21 pm
one of them that i think speaks volumes is the length that people have been unemployed the number of people that have been unemployed for six months or longer for twenty seven weeks that number is stuck at five point five million people which shocking to me is when you look at that as a percentage of the unemployed forty two point nine percent of the unemployed that's a lot that's startling and these are people that have been out of work for six months these are people that are going to have a harder and harder time getting a job with their skills deteriorating or becoming irrelevant or whatever i mean that's just staggering to me and that's got to be so frustrating and difficult i mean some of these people. actually get up every day and do everything they can whether it's searching online whether it's knocking on doors calling people they know these are people that actually are actively looking and it's got of just grow frustrating and more difficult after you say twenty seven weeks six months to know that five point five million and i think another thing that's not including
8:22 pm
christine a number of people that aren't looking anymore six million people who should be in the labor force have stopped looking for work entirely this speaks to some of the issues you're talking about not thinking there's a job out there for them becoming so discouraged you know there's a whole other contingency that aren't even counted in these unemployment numbers who nonetheless could and should be working and when you talk to people who actually study sort of the numbers and the anthropology of those these are people that say that the number should be double in terms of the unemployment rate again you know when we calculate this rate these are only people who say that their work they're looking for work and not those people as you say who have dropped out. let's talk to about young people i think this is important i know that when i turned sixteen the day i turned sixteen i made sure that i went out there and got a job so among the youth unemployment sixteen to nineteen year olds these are kids who you know they're working maybe they want to buy a car or they want to buy a low esteem or maybe they need to help their family when absolutely that number is
8:23 pm
stuck at twenty three percent yet unemployment so talk a little bit about that well it hasn't moved and you have to wonder are we seeing a downward mobility who is taking these jobs that used to want go to sixteen to nineteen year olds who want to work you know is it people that have been laid off from higher paying jobs and are now the people that are taking these lower paying jobs in fact an analyst that was cited by bloomberg said that according to the two hundred forty three thousand jobs created they believe that about one hundred thirteen thousand of those are low wage jobs so then that just speaks more to are we seeing this downward mobility where people that are unemployed are taking lower wage jobs that's not even taking into account what that means for the sixteen to nineteen year olds who either want to be working and need. to be working and as my guest on my last show just said aren't getting that work ethic aren't experiencing the market aren't understanding what that means it is true when you think about a lot of people that you and i know you know you got jobs before if you went to college you got a job before college so that when you got out you at least had some knowledge and some experience and i think it's important to think and really sad to think about
8:24 pm
sixteen to nineteen year olds are not working in manufacturing or not working in engineering they're working in retail they're working in fast food restaurants or you know entry level positions so to think that those positions are being filled by people who probably have a lot more experience that's a little frightening to think about i mean just this is huge shift and that's what i want to talk to you about too lauren is this these numbers again they are good they are positive we should you know say that they're worse than the month before but what has not still been addressed in terms of the structure of the way the system is set up well there are a lot of structural problems as far as what it takes to address them i mean that really just depends on what your worldview is it seems like a lot of the policymakers and a lot of the politicians kind of look at things. put band-aids on the symptoms rather than really addressing the core causes or trying to do more long term structural things i mean people we talk to because we're pretty critical of the federal reserve you know advocate for ending the federal reserve as if this time to
8:25 pm
stop with the booms and the bust and the whacked out monetary policy and the massive expansion of of money supply and of the fed balance sheet that that has really created disequilibrium in the economy and over time has devalued the u.s. dollar and that was the host of the capital account a lovely lauren lyster. and speaking of the economy you know for so many people of course it's been tough and you often hear stories about people getting creative to try to earn a little extra money on the side well it turns out more and more people are turning to whips and chains that's right can anyone say dominate tricks whether it's a full time job or just a little spanking on the side in some cases people are making a few hundred dollars an hour are these on the sawfish are going to take a harder look at south some how some women are whipping their way to wealth. when using devices most wouldn't allow anywhere near their naked parts you can smell the ocean. too with being very gently to use them or you can.
8:26 pm
to humiliation on vacuum beds. welcome. to b.d.s. and i get really turned on to be somebody a practice enjoyed by some of the rich and powerful looking to be punished for their bad deeds in a six year way despite what some may think b.d.s. some is not just a set of kinky games professional so recently been discovering that economic and social realities taking place in the us get reflected in what clients ask for behind closed doors the economy is kind of you know giving them some tough times and they still want someone there with them into shape but maybe with the more of a softer hand every time there is another rebook or guantanamo outbreak we get calls for people who want to be interrogated now we're getting requests for corporal punishment kane's rods punishment is called for and they're
8:27 pm
all the same people are now coming in asking to be caned wall street bankers you know no actual sex is performed we are legally constrained from doing anything sexual and we always tell people if you don't like that write your congressman or. dungeon such as this one have a lot to offer hands can be cuffed by the side of the head people who come in here with a great deal facial piercings we can tie them up but their face practice is not talked about in public i don't know in my lifetime of b.d.s. i was ever going to become so accepted that a corporate banker can go into his office and be like well schedule my session with my dominatrix today at three seventy and have it be ok this means getting new clients can be tricky most men don't like to let their friends know that they're seeing someone who's spanking them. sessions at several hundred dollars a pop have taken a nosedive in
8:28 pm
a tough economy b.d.'s some particularly tends to be something that someone treats themselves to like a fine meal like a show a piece of art something that's very important to the life that is a luxury and so when new money becomes tight luxuries are the first thing to go making it tougher for some professionals to keep making good money it's usually not consistent work one week you might do really well the next week could be dead b.d.'s improves see their business is better for the long haul unlike adult films or stripping community tricks for twenty years you can't you know it's very difficult to be a prince or players and in a ruler coaster economy what more than a long lasting career can one ask for and those who churkin are new york and be sure to tune in next week to r.t. for a brand new line up just as the u.s. gets ready to drop back military operations in afghanistan another war just might be brewing this time with iran and instead of alleged weapons of mass destruction
8:29 pm
it's the potential that iran maybe possibly just might have a nuclear weapon but that fear is enough to have the u.s. and the e.u. squirming now i am specters are stepping in themselves to evaluate iran's nuclear potential so will this qual the fear mongering or are we destined for another war. and where there is war there are also journalists to tell the story but what happens when the journalist spends so much time with the subject or in the situation that they can't separate fact from fiction we'll show you why the media is being manipulated into spinning the story was have you ever wished you had a robot to do the dirty work cooking cleaning driving keeping you company well that dream isn't too far off from becoming a reality and you may be surprised just how dirty the work really is those are just a few of the stories we have in store for you next week along with much more news and of course in-depth interviews so keep it right here on our t.v.
8:30 pm
well that's going to do it for now for more on the stories we covered go to our t. dot com slash usa or you tube dot com slash r t america and you can follow me on twitter at christine for south have a great night. down the official ante up location your i phone on pod touch from the top story.
8:31 pm
on the. video on demand all tease my old posts and omissions features now in the palm of your. mission on the dot com.
8:32 pm
i'm max foster this is the casa report who got the vapors static max the vaporized and the deleted it's the american soap opera money from m.f. global feared gone nearly three months after m.f. global collapsed. officials hunting for an estimated one point two billion a missing customer money increasingly believe that much of it might never be recovered the finding so far suggests that a significant amount of the money could have been vaporized yeah it's vaporize there one point two billion may have been vaporized now the same people say that they can search through a stack of
8:33 pm
a billion tweets and find one with some offending text that would necessitate the detention of british people or a u.s. airport the same people who can track a razor that was sold at wal-mart ten years ago in a landfill emitting some kind of or if i did tag that would account for some inventory adjustment as part of an accounting for wal-mart as part of the overall accounting for that is used commonly that is the overall kind for those wall street is your counting for the constitution are saying that all one point two billion would get funded i thought it was in my stock the only one who can get away successfully with that kind of defense are pimps in harlem oh that's right you are pimping for column well they claim that as a result of the chaotic trading the week before the firm collapsed and remember also we learned that banks can now trade at a speed faster than the speed of light so perhaps they're trying to use physics and quantum physics as
8:34 pm
a sort of excuse for their reckless behavior that well their crimes don't like schrodinger's cat but experiment in quantum physics was if the cat's here the cat's there he's dead he's not dead so they're treating it faster than the speed of light so one point two billion it was a phase shift the money exists but it's in a parallel universe by the way there's a parallel universe called the securities exchange commission apparently you can commit any fucking fraud you want and you don't have to pay any kind of penalty or go to jail for certain people of course now jesse's cafe american looks at this m.f. global vaporize story and sees. essentially a cover up using as well the media the media is complicit in this and allowing j.p. morgan we know that the money has been found in j.p. morgan's accounts that j.p. morgan was coincidentally owed one point two billion dollars m.f. global a despicable state of affairs this entire sharod has been cloaked with the public relations campaign using terms like missing vaporised and mystery to describe the
8:35 pm
customer assets as if no one really knows where the funds had gone which the c.f. to c. has explicitly stated months ago is not the case you know they can have an economy counting procedures that are adequate to track down a billing member the last seven billion in iraq when with a dry air lifted a seven billion to payoff bribes and one missing of donald rumsfeld wink wink so here you are missing one billion dollars you get a lot of people starving to death in the gutter in america but the collateral damage of care is the losers you mentioned donald rumsfeld and the flu shot in the war in iraq and there were terms like there are known unknowns and unknown unknowns and unknown unknowns and this is the same sort of excuse that m.f. global and j.p. morgan are you saying it's unknown whether we know whether we took the money or not yet we're not sure whether we stole the money he's just sitting in front of
8:36 pm
a stack of cash jamie diamond says i don't know who are good a good well by the way you know vulture funds are offering eighty five cents on the dollar for m.f. global customers so though be interesting to actually see these vulture funds you know where you see them shaking down african nations whether or not they can get away with shaking down the third world dictator like jamie dimon the economic hitmen then the vulture funds that operate in the third world latin america they go down there they don't have the money to throw a dictator out of a plane. down there in central america south america so presumably we're going to see jamie diamond falling from the sky one of these days from one of those vulture funds oh i forgot the parachute there is jamie splat well returning to the soap opera of america mega trash fifty million users data set to be deleted. so you know mega upload was shut down by the department of justice they
8:37 pm
had a ten day warrant search warrant they took all the data they needed and they said here to the host the service providers they said you can delete any data you want now now there's some controversy or not whether they'll allow customers to actually retrieve their data but the fact is joe baca donuts who has his own data uploaded to mega upload he's deleted well that's a pattern of destruction of private property america supposedly the capital system is built on private property not the communal property of the defunct political systems of bygone days of communalism no no we have private property doesn't make the country so grade all except one we lost the brilliant dollars for jamie's bonus then we had to steal that from you because oh the mega upload data we had to steal that too because private property is just an idea but we don't respect
8:38 pm
it here in this country you know hyatt wrote that book the road to serfdom which is supposed to be a treatise against communal property what happens when the so-called lefties take over it turns out he was right except the threat is from the right wing wholesale faffed of all private property so it doesn't fit in with the ideology over america let's kill of baseball let's kill everybody that's the current white house mode of thinking assassinations and wealth confiscation destruction of private property thank you obama us well. well actually he's in the next headline speaking of the vaporized and deleted much of the population of america have had their jobs and their wealth and their income vaporized and deleted obama tells woman interesting unemployed husband can't find job so here's a woman in texas and her husband is a an engineer and she's asking why he can't find
8:39 pm
a job jennifer garner i ask you what kind of engineer your husband is he's a semiconductor engine they're the. it is interesting to me and i meant what i said if you send me your opens resume i'd be interested in finding out exactly. what's happening right there because the word we're getting is that somebody in that kind of high tech field that kind of engineer should be able to find something. right away you know there are jobs available. describe them but they're in china and india and one of the other great travesties of this age of globalization or non globalization is that americans who want to get those jobs in india and china that were sent to those countries they're not really allowed to go into those countries don't work at those jobs they're stuck in that prison industrial nightmare that is united states of america ending up being incarcerated by corrections corps of america in the first industrial complex be
8:40 pm
a good american some to do so but you can't get a job you can't go to china and india to get a job the wealthy can move their money to china and india my money moves around the world a lot easier than i can believe me when i go to cross the border they stick something up my strange friends saying oh are you really afraid of jamie's because if you're not we're going to come project your strength training all your friends of jamie all out of this country well obama promised that if she sent him her husband's resume he would go looking for a job for her but he's going to have to go to china of course because despite obama's hangout hope us some a conductor jobs are still going away so the national science foundation reports that domestic high tech manufacturing jobs have declined by twenty eight percent since two thousand some six hundred eighty seven thousand jobs even r. and d. research and development is increasingly being performed overseas by large multinationals three speed report so yes if you can build something for the web it
8:41 pm
may be easy to score a job at facebook or google or as an app developer but for americans like this woman's husband a son. conductor engineer your chances of finding a job are pretty slim what you should do is take a ball peen hammer or a large phone book and slap him soft on the head really hard to leave some of my unconscious then go on facebook and get on a game like farmville or factory ville or plant a veil or america bill and pretend to be working virtually in a real you know make sure you're not really conscious because you don't want the reality of this to set in and at the end of a day or two you've accumulated enough facebook credits to buy yourself a cup of coffee and then you know go stimulate your brain with the caffeine and say look honey i'm working in a factory don't tell her it's a virtual factory in your working you know seventeen eighteen hours a day for a dollar and that might have center well we talked about the vaporized and deleted but you know matter and energy are neither created nor destroyed the jobs it
8:42 pm
appears are all sound healthy and well and to have been found china's factories in strong start to two thousand and twelve the chinese manufacturing sector has made a surprisingly strong start the year with domestic orders cushioning the impact of europe's debt woes according to an official survey the purchasing managers index an important gauge a factory growth rose to fifty point five in january from fifty point three a month earlier anything above fifty means manufacturing is growing how many and chinese as it take to screw in a lightbulb a million but they still have a better job than a million americans well as they say even though europe is collapsing and their imports from china are slowing domestic consumption in china which now have all these great jobs it's growing plus china doesn't want to see the dollar do very well either they'd rather have the euro survive so that's another part of the currency wars. well as the china money report says and i know you're interviewing
8:43 pm
daniel collins in the second half americans to become share croppers and their own country as printed money boomerangs back to the developed world to buy up companies so you know the big news this week was that sanny a chinese company has is buying putzmeister a german concrete pump maker one of those legendary metal stand companies in germany the heart the backbone of german industrial strength well dental call and says for decades asia has performed the role of the diligent worker bee without a history of adam smith of free trade they saw how easy it was to game the free trade system to this day koreans do not buy japanese goods and japanese do not buy korean goods neither one will buy us goods the stuff they do want like hollywood movies they just take the us took the brunt of the free trade economic carnage as over fifty thousand factories have closed down in only the last ten years in
8:44 pm
america no one could labor arbitrage and transfer price their taxes away like corporate america we are still number one in that game right sharecroppers remember warren buffet said a few years ago that america would become a nation of sharecroppers look at up do the search is exactly what he said and he also went to germany hoping to buy some of these middle stand companies he was their member of for a few years looking to buy anything now it turns out that the chinese are actually buying up those companies another two or three years and as i've been predicting america's number one x. for will become american labor will be cotton pickers are back to the plantation you know but only a few of you can live in the big house all right stay forever thanks so much for being on the kaiser report thank you ranks the go a much more coming your way so stay right there. tonight.
8:45 pm
this is pretty good you take three sports. arrangements three. three. three. three bunches c.e.o.'s for your media projects c.e.o.
8:46 pm
don carty dot com. welcome back to the kaiser a part of town tara up at the ballot yeah sharecropping plantation known him american economy hey let's go to shanghai and speak with dan collins of the china money report dot com dan collins welcome back to the kaiser report thanks max good to be back all right dan collins you say that americans are sharecroppers in their own country explain yeah this original data from an article i wrote try to get my mind around the concept of oh all of these good decades of printed money and trade surpluses are going to get recycled back into the american economy. leave it to us now the many of the politicians in india thought leaders there believe that we can continue to print money to get our way out of this but what they forget is that
8:47 pm
the debts have owners and you look at china now with three point two trillion in currency reserves japan over a trillion i believe a lot of this money now sitting in eastern central banks are going to fight its way back into united states back into europe buying up real companies. we saw on christmas this year two thousand and eleven. japan and china signed a new currency swap agreement where they said openly and publicly that they want to move their trade into their local currencies and get out of the dollar. you see treasury sales china has the lowest moment treasuries in over eighteen months so they're down about one point one trillion. russia's old half their treasuries last year so i think as we start to see that continue dollar debasement coming out of the united states what people know.

23 Views

info Stream Only

Uploaded by TV Archive on