The Kevin Trudeau Show: 10-6-12
Today, Kevin gives you even more proof that the economy is getting worse and that your standard of living is deteriorating! Plus, the creator of the Resolve mineral detox, Dr. Ray Lala, stops by to explain how his mineral detox can virtually cure you from any viral infection, including herpes and HPV.
Self Help:
Second Stream Of Income
The Secret To Perfect Health
Resolve The “Unresolvable”
Economy:
Recovery Job Growth Concentrated In Low-Paying Occupations
Protesters ‘Liberate’ Foreclosed Homes
Everything Kevin:
Become An Insider!
Stand with KT!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook
Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!
Click below to watch the Kevin Trudeau Show!
The Kevin Trudeau Show: 8-4-12
Today, Kevin reveals the details behind the government’s plan to drive up oil prices and crash currencies. Plus, the Freeze Dry Guy stops by to help prepare you for any disaster!
Self Help:
Loss Weight Safe & Fast
Survival Food
Filter For Emergencies
Daily Life Essentials
Free Money
Health:
The Painful Truth About Acetaminophen
Yoga Boosts Your Mood
Apples Really Do Keep The Doctor Away
Berries Can Reduce High Blood Pressure
Tart Cherries Help Speed Muscle Recovery
Falling In Love Mimics Cocaine High
Go Nuts To Prevent Baldness
Government:
Sarah Ferguson Not Invited To Royal Wedding
Protests
Defiant Crowds Demand Democracy in Bahrain
Labor Battles Rage On in Wisconsin, Iowa, Ohio, Indiana
Everything Kevin:
Become An Insider!
Support Kevin!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become Kevin’s Friend on Facebook
Kevin’s Film Club
Kevin’s Book Club
Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!
Click below to watch the Kevin Trudeau Show!
Dueling Economic Banjos Offer No Deliverance
April 11, 2012 by admin
Filed under News Stories
April 12, 2012
Activist Post
By Brandon Smith
Americans have been listening to the mainstream financial media’s song and dance for around four years now. Every year, the song tells a comforting tale of good ol’ fashioned down home economic recovery with biscuits and gravy. And, every year, more people are left to wonder where this fantastic smorgasbord turnaround is taking place? Two blocks down? The next city over? Or perhaps only the neighborhoods surrounding the offices of CNN, MSNBC, and FOX? Certainly, it’s not spreading like wildfire in our own neck of the woods…
Many in the general public are at the very least asking “where is the root of the recovery?” However, what they should really be asking is “where is the trigger for collapse?” Since 2007/2008, I and many other independent economic analysts have outlined numerous possible fiscal weaknesses and warning signs that could bring disaster if allowed to fully develop. What we find to our dismay here in 2012, however, is not one or two of these triggers coming to fruition, but nearly EVERY SINGLE conceivable Achilles’ heel within the foundation of our system raw and ready to snap at a moment’s notice. We are trapped on a river rapid leading to multiple economic disasters, and the only thing left for any sincere analyst to do is to carefully anticipate where the first hits will come from.
Four years seems like a long time for global banks and government entities to subdue or postpone a financial breakdown, and an overly optimistic person might suggest that there may never be a sharp downturn in the markets. Couldn’t we simply roll with the tide forever, buoyed by intermittent fiat injections, treasury swaps, and policy shifts?
The answer……is no.
Click here for the full report.
Don’t Catch Recovery Fever
April 9, 2012 by admin
Filed under News Stories
April 10, 2012
321 Gold
Peter Schiff
Gold has been holding steady in the $1,600-$1,800 band since early October. This could be attributed to consolidation after last summer’s historic run up to $1,895, but I think this wait-and-see attitude reflects current market sentiment toward the US dollar.
In fact, the first few days of April have seen a sharp dollar rally and decline in gold. This is rooted in deflated expectations of a third round of Quantitative Easing (QE3) after the most recent Fed Open Market Committee (FOMC) meeting. Once again, the markets are responding to the headlines while losing sight of the fundamentals.
This is especially peculiar because the Fed did not explicitly take QE3 off the table. In fact, according to the minutes, if the recovery falters or if inflation is too low, the Fed is already prepared to launch QE3. While there is not much chance of low inflation, I’ll explain below why the recovery is not only going to falter – it’s going to evaporate like the mirage that it is!
Trade Deficits
The Obama Administration is touting recent job growth, and while this is a pleasant story to hear in an era of massive unemployment, it disintegrates when put in context. The 227,000 jobs gained – which merely kept the unemployment rate steady at 8.3% – were counterbalanced by a much worse trade deficit tally: $52.4 billion, the highest level since just before ’08 crash.
The trade deficit is a real measure of whether our jobs are producing enough wealth to pay for our consumption. If we were adding productive jobs, I would expect the deficit to be shrinking. A look at the data shows that employment increased by only 16% in the primary and secondary sectors, where we need them the most. The majority of new jobs are still inflated sectors like healthcare (26%), temp work (20%), hospitality (19%), and consulting (16%), which will disappear as fast as they appeared when the bubble collapses. This is what we saw in finance and real estate when the housing bubble burst in ’08.
Imagine the trade deficit is like a corporate balance sheet. You hire a bunch of new employees for your company, but instead of making bigger profits, you find yourself losing even more money than when you started. Are you going to hold on to those people?
Click here for the full report.
Income Goes Up…Especially For The Rich
March 5, 2012 by admin
Filed under News Stories
March 5th, 2012
CNN News
By: Tami Luhby
After two years of declines, Americans’ income finally rose in 2010. The Internal Revenue Service provided a first peek at taxpayers’ returns and it showed that adjusted gross income totaled $8 trillion, up 5.2% from 2009. But a closer look at the data reveals that only the wealthiest Americans will be popping the Cristal.
Taxpayers earning more than $250,000 saw their total adjusted gross incomes rise by 13.8%, while those bringing home between $200K and $250K enjoyed at 6.7% increase, according to a CNNMoney analysis.
Middle-class Americans? Not so fortunate. Those making between $50K and $100K saw their incomes creep up only 1.5%.
Part of the imbalance comes from differences in the growth of wages, the largest component of adjusted gross income.
Overall, salaries and wages grew 2.1%. But the super-rich saw an 11.2% hike, and those just below them enjoyed a 4.6% increase.
But the middle class saw a drop of 0.7% in wages.
And while capital gains rose healthily for most income brackets, the wealthiest taxpayers benefited from a 37.6% hike, and those in the bracket below pocketed 32% more. Middle-income folks saw only a 19.8% increase.
Looking at it another way, the Top 1% of taxpayers captured 93% of the income gains in the first year of the economy recovery, according to Emmanuel Saez, an economics professor at University of California, Berkeley. The Top 1% had incomes above $352,000 in 2010.
And their dominance is expected to continue since corporate profits and dividends — sources of income for the rich — grew strongly last year, while wages increased only modestly.
“It is likely that this uneven recovery has continued into 2011 as the stock market has continued to recover,” Saez said.
Well, at least incomes are going up again. Americans are faring better than they did in 2009, when adjusted gross income fell 6.9% from the previous year.
In 2009, the rich saw their incomes plummet 20.7% and the tier below them dropped 5.9%. Middle-income Americans, meanwhile, didn’t get hit nearly as hard. Their incomes slipped 2.5%.
For The Full Report Go To CNN
Mainstream Media Keeps Putting Lipstick on Pig Economy
February 1, 2012 by admin
Filed under News Stories
February 2, 2012
USA Watchdog
By Greg Hunter
“Here is just one more example of how the mainstream media lies to you.” –KTRN
My slogan is “analyzing the news to give you a clear picture of what’s really going on.” So, I spend a significant amount of time watching news on TV and the Internet and even the good old fashioned newspaper. If you only got your news from the mainstream media (MSM), it’s easy to understand why so many people think the economy is not all that bad. For example, yesterday, I heard the “R” word a lot. No, I am not talking about recession but “recovery.” This is preposterous when you consider the latest report from the Case-Shiller Home Price Index that was released yesterday. The spin from the MSM said home prices were down from October to November by 1.3%. Makes you think—ok, not too bad. The real story is home prices declined on average by nearly 4% year over year. A quote straight from the actual Case-Shiller press release said, “For a second consecutive month, 19 of the 20 cities covered by the indices also saw home prices decrease. The 10- and 20-City Composites posted annual returns of -3.6% and -3.7% versus November 2010, respectively. These are worse than the -3.2% and -3.4% respective rates reported for October.” (Click here for the complete Case-Shiller press release.)
Are you getting this? The real estate market is getting worse. The only city that saw an increase was the pork capital of the world—Washington D.C., and prices were only up by a paltry .5% year over year! All the folks I heard, yesterday, on the MSM talked as if the so-called “recovery” was alive and well, when the evidence shows unfolding disaster. Please keep in mind, home prices are falling despite the fact the Federal Reserve is suppressing interest rates. A 30-year mortgage is going for around 4%. What do you think will happen when rates rise to around 6.5% (a very good historical rate)? Don’t you think home prices will continue to slide?
Yesterday, I heard at least two different “experts” say the economy was “getting better.” The latest news about the Baltic Dry Index (BDI is mostly a measurement of global shipping rates) says just the opposite. Brandon Smith, from Alt-Market.com, says the BDI “is plummeting like a wingless 747 into the swampy mire of what I believe will soon be historical lows.” Smith says this is foretelling bad times, not good. (Click here to read his most excellent post.)
Another ominous sign was brought to us by the Federal Reserve last week. It announced it will hold a key interest rate to near 0% through 2014 instead of 2013. Why is the Fed urgently extending this rate now? Couldn’t the Fed have told us next year it was extending the 0% interest rate for another year? Why now? Because the economy sucks and they see it sucking for at least three more years. This is NOT a recovery, and the Fed basically admitted it. Jim Willie of Goldenjackass.com sees the Fed’s zero interest rate policy (ZIRP) as a massive failure that reveals an extremely weak economy. In his most recent post, Jim Willie (who holds a PhD in statistics) said, “The USFed will hold its benchmark interest rate at near 0% for at least the next three years, as a testament to central bank failure. No departure from the 0% rate can be done. The USGovt debt service requires it, demands it, and will default without it. The ZIRP and QE are worn as badges of failure and dishonor.”
Click here for the full report.
Olympic Canoeists Introduce Honey To Diet To Boost Recovery
November 28, 2011 by admin
Filed under News Stories
November 28, 2011
The Telegraph
By Andy Bloxham
“Someone better call the FDA. Olympic athletes are using honey to help them recover. Quick – honey is now a drug. Let’s get a patent.” –KTRN
Jon Schofield, Liam Heath and Rachel Cawthorn trialling the honey as part of their preparations for the London Games next year.
The idea is that the honey could help fat burning and post-training recuperation as it fuels the body’s nightly repair and recovery processes.
According to researchers, the body burns more fat during the first four hours of sleep than it does during any other activity, including exercise.
But foods rich in fructose, such as honey and dried fruits, may prolong the process if eaten before bed.
However, the manufacturers claim the “Active Chilean Rainforest Honey” is better than normal honey, partly because it is unpasteurised, which helps retain the maximum nutritional benefit.
Click here for the full report.
U.S. Economy Fails to Add Jobs
September 2, 2011 by admin
Filed under News Stories
September 2nd, 2011
The Wall Street Journal
By: Luca Di Leo and Jeff Bater
The U.S. economy failed to add jobs for the first time in almost a year, raising the odds of a return to recession and putting more pressure on President Barack Obama and the Federal Reserve to revive a moribund labor market.
Nonfarm payrolls were unchanged last month—the worst result since a small decline in September 2010—as the government sector continued to shed jobs, the Labor Department said Friday. The private sector added only 17,000 jobs.
About 45,000 telecom jobs were off company payrolls because of a strike at Verizon Communications Inc., contributing to the worst private-sector performance since February 2010. But payrolls were weak even without the one-off Verizon impact.
Data for the previous two months were revised down by a total 58,000 to show payroll increases of 85,000 jobs in July and only 20,000 in June, the government report showed.
The unemployment rate, which is obtained from a separate household survey, was unchanged at 9.1% last month. About 14 million Americans who would like to work can’t get a job.
And the average private-sector workweek fell to 34.2 hours from 34.3 hours, a sign of a greater slowdown in activity than economists had expected.
The results were worse than expected, and stocks fell on the news. Treasury prices rose, pushing yields down. Economists surveyed by Dow Jones Newswires had forecast payrolls would rise by 80,000 last month, with the unemployment rate unchanged.
Citing the nation’s wobbly recovery, Mr. Obama on Friday asked the Environmental Protection Agency to withdraw a proposed regulation for ozone air-quality standards. Republicans and industry groups have attacked the air-quality rule for months, saying it could cost tens of billions of dollars a year or more and kill thousands of jobs.
Mr. Obama is due to unveil new measures Thursday aimed at resuscitating the jobs market, but budget constraints and sharp divisions between Democrats and Republicans make it unlikely Congress will pass a substantive package. The Federal Reserve may therefore end up taking new steps to try to spur growth. The economy slowed sharply in the first half, heightening concerns it could fall back into recession only two years after the end of the severe downturn of 2008 and 2009.
The jobs report is worrying because it is in line with the weak trend seen in recent months, but it doesn’t spell recession yet, the commissioner of the Bureau of Labor Statistics said in an interview Friday.
Keith Hall said that, while the zero payroll figure for last month “is a little bit shocking,” the more concerning aspect is that job gains have only averaged 40,000 over the past four months. Monthly employment gains of at least 130,000 are likely needed just to keep the unemployment rate steady, he warned.
In Friday’s report, several major industries showed weakness beyond the 48,000 employment decline in the information industry, which includes telecom jobs.
Manufacturing, a big creator of jobs for most of the recovery, saw employment decline by 3,000 in August. The battered construction sector showed 5,000 job losses last month. The housing sector remains a big drag on the economy. The retail sector lost nearly 8,000 jobs.
Meanwhile, government employment continued to fall—by 17,000—for the 10th month in a row. Government jobs are expected to continue struggling as administrations try to cut the huge budget gaps accumulated to fight the recession.
Facing re-election in just over a year, Mr. Obama is next week expected to call for more investments in the country’s creaking infrastructure and a possible extension to the 2011 payroll-tax credit to boost consumer spending. But Republican opposition to more spending makes the president’s job harder. The White House Thursday downgraded its outlook for the economy, saying unemployment could still be at 9% in 2012.
Fed Chairman Ben Bernanke a week ago said the nation’s challenges—including long-term unemployment and weakness in housing—are largely beyond the central bank’s control, indicating it is mainly up to Mr. Obama and Congress to fix the economy. Even so, the Fed is likely to step in if it feels the economy is at risk because of government paralysis. Some officials signaled readiness to enact a third round of the Fed’s controversial asset purchases at their latest meeting Aug. 9.
With fiscal policy options “locked up as we roll into an election year, Ben Bernanke will come under tremendous pressure to act,” said Jason Schenker, president of forecasting company Prestige economics.
The jobs report Friday showed 42.9% of unemployed Americans, or six million people, were out of work for more than six months. The longer someone is without a job, the harder it is to find work.
Yet the fact that a large number of Americans have been out of work for several months means that more expansive monetary policy won’t be as effective in helping the labor market, three economists argue in a new paper from the Federal Reserve Bank of Richmond.
“After a long period of unemployment, affected workers may become effectively unemployable,” says the paper, by Andreas Hornstein, Thomas A. Lubik and Jessie Romero. “This suggests that the natural rate of unemployment may have increased.”
Some said the news wasn’t altogether unexpected. “In summary, this report is not good news, but it is not inconsistent with other recent indicators,” said Chad Moutray, chief economist for the National Association of Manufacturers, in a statement. He said the jobs report would “embolden those who argue for new initiatives to stimulate economic growth.”
Click here for the full report from The Wall Street Journal
The Kevin Trudeau Show: 7-27-11
Today, Kevin gives you even more proof that the economy is getting worse and that your standard of living is deteriorating! Plus, the creator of the Resolve mineral detox, Dr. Ray Lala, stops by to explain how his mineral detox can virtually cure you from any viral infection, including herpes and HPV.
Self Help:
Second Stream Of Income
The Secret To Perfect Health
Resolve The “Unresolvable”
Economy:
Recovery Job Growth Concentrated In Low-Paying Occupations
Protesters ‘Liberate’ Foreclosed Homes
Everything Kevin:
Become An Insider!
Stand with KT!
Kevin is on YouTube!
Sign Up For Kevin’s FREE Podcast
Follow Kevin on Twitter
Become A Fan of Kevin on Facebook
Kevin’s Film Club
Kevin’s Book Club
Take Trudeau on the Go! Click here to download this show to your iPod, mp3 player, or PC through iTunes!
Click below to watch the Kevin Trudeau Show!
Recovery Job Growth Concentrated In Low-Paying Occupations
July 27, 2011 by admin
Filed under News Stories
July 27th, 2011
The Huffington Post
By: Arthur Delaney
The Great Recession destroyed all kinds of jobs, but the not-so-great recovery has so far replaced the lowest-paying jobs at a much faster pace than higher-paying ones, according to a new analysis of Census Bureau data.
Workers navigating the current labor market are facing a “significant good jobs deficit,” said the National Employment Law Project, the worker advocacy group that crunched the Census numbers.
Low-wage occupations saw job growth of 3.2 percent from the beginning of 2010 to the beginning of 2011, while mid-wage jobs only grew by 1.2 percent, according to NELP. During the same time period, higher-wage jobs fell by 1.2 percent. In other words, there are more new jobs for retail salespeople, office clerks, cashiers and food prep workers than for machinists, managers, nurses and accountants.
To make matters worse, low-paying jobs pay even less than they used to, according to the report.
The skewed job growth comes after unbalanced job losses during the Great Recession.
“Of the net employment losses between the first quarter of 2008 and the first quarter of 2010,” NELP said in its report, “fully 60 percent were in mid-wage occupations, 21.3 percent were in lower-wage occupations and 18.7 percent were in higher-wage occupations.”
The analysis confirms of one of the “new rules” workers have faced since the onset of the recession: Don’t expect to make more money at your next job.
Pittsburgh’s Bob Poropatich has been working 44 hours a week at a coffee shop and a grocery store since he lost his job as a manager for a major clothing retailer in 2008.
“Together both jobs pay me not even close to a third of what I made when I had just one job,” Poropatich told HuffPost. “My salary used to be close to $70,000 and with an annual bonus. It’s not a fortune, but it’s a nice middle class salary. And now I don’t know if I even make $15,000 a year.”
Poropatich keeps a sense of humor even though he’s found his experience frustrating, particularly when his former boss came to the coffee shop for a latte. “I live in the city of bridges so I’d have my choice of about 20 or 30,” he said. “But I couldn’t jump — I can’t swim!”
Although NELP’s report stresses that it’s too early to tell how the recovery will shake out, it also warned that the good jobs deficit is a legacy of longstanding inadequate mid-wage job growth that started before the recession began. NELP also said that the economy is still short 11 million jobs since the start of the Great Recession.
The new data update a similar report NELP did in February analyzing job losses and gains across industries. NELP did its new breakdown by putting data for 366 occupations into three groups ranked according to wages, tracking changes from 2008. Workers in the lowest-earning occupations earn between $7.51 and $13.52 per hour, while workers in the highest-ranking jobs earn between $20.67 and $53.32 per hour.
“Growing wage inequality in the United States is a phenomenon that’s three decades in the making, and which the recession only exacerbated,” said Annette Bernhardt, the report’s author. “We need to pay attention to these striking patterns of slow and unbalanced growth as we seek ways to restore America’s economy and create the good jobs America’s workers need and deserve.”
