This week promises to be a real barnburner. Not only do we have the looming conflagration in Greece, but the employment report released on Friday is going to add more fuel to the mix. Of course, there is always turmoil in the Middle East, which is coming very close to direct military conflict between the Saudis and the Iranians….

The employment report should verify for everyone, other than the hardcore central bank groupies, that there is no global recovery. The U.S. economy has been held up as the shining star compared to other parts of the world. However, one by one, the various band-aids are losing their effectiveness and the statistical tricks used in the reports on the economy are being unmasked. Even mainstream media lies failed to suggest anything but disaster in the numbers reported.

KWN Fitzwilson I 4:5:2015

Jobs Going To Those 55 And Over

Job creation was one-half of what is necessary just to keep up with population growth, let alone lead us out of what resembles a depression. What is most disturbing is that the jobs are going to people 55 and over. We understand why it is happening, but it reflects a tragic disconnect between generations (see chart above).

If sustained, this disconnect will inevitably lead to unrest and conflict between those with jobs and those without. Given the degree to which the education system has been gutted and bloated with economically useless teaching for all but the 1%, turning this around will take decades, if it can be done at all.

KWN Fitzwilson II 4:5:2015

Disability Insurance Fund To Run Out Within 2 Years

The social safety nets have gone a long way to easing the suffering for those without work. However, much of the increase in program enrollment has been in the disability insurance category. The projection released this week is that the Federal disability fund is due to run out within two years (see chart above).

http://kingworldnews.com/time-is-running-out-as-western-governments-prepare-to-steal-money-and-other-assets/