More than 1K camp out for union jobs
People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels
And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million. (Read More)
China surpasses US as world’s largest trading nation
The shift in the trading pecking order reflected China’s rising global dominance, despite a slowdown in economic growth last year. (Read More)
If you haven’t read about the Weimar Republic, you need to read about it now. The government in Germany did many things prior to WW2, siezing control of the government, while reading about it, there are striking similarities between then and now. Here are a few:
- Since striking workers were paid benefits by the state, much additional currency was printed, fueling a period of hyperinflation. The 1920s German inflation started when Germany had no goods to trade. The government printed money to deal with the crisis; this meant payments within Germany were made with worthless paper money, and helped formerly great industrialists to pay back their own loans. This also led to pay raises for workers and for businessmen who wanted to profit from it. Circulation of money rocketed, and soon banknotes were being overprinted to a thousand times their nominal value and every town produced its own promissory notes; many banks & industrial firms did the same.
A disabled war veteran reduced to begging, Berlin, 1923.
- In 1929, the onset of the depression in the United States of America produced a severe shock wave in Germany. The economy was supported by the granting of loans through the Dawes Plan (1924) and the Young Plan (1929). When American banks withdrew their loans to German companies, the onset of severe unemployment could not be stopped by conventional economic measures. Unemployment grew rapidly, and in September 1930 a political earthquake shook the republic to its foundations. The Nazi Party (NSDAP) entered the Reichstag with 19% of the popular vote and made the fragile coalition system by which every chancellor had governed unworkable.
50-million mark banknote issued in 1923. Worth approximately one US dollar when printed, this note would have been worth approximately 12 million US dollars nine years earlier. Continued inflation made it practically worthless within a few weeks.
- Between 1930 and 1932, Brüning tried to reform the Weimar Republic without a parliamentary majority, governing, when necessary, through the President’s emergency decrees. In line with the contemporary economic theory (subsequently termed “leave-it-alone liquidationism”)
- Brunig enacted a draconian policy of deflation, drastically cutting state expenditure. Among other measures, he completely halted all public grants to the obligatory unemployment insurance introduced in 1927, resulting in workers making higher contributions and fewer benefits for the unemployed. Benefits for the sick, invalid and pensioners were also reduced sharply.
Then came Hitler shortly after and the rest is well known History. Can you see it? Can you see what they have been doing? They are following on the coattails of history and it’s about to repeat itself again. The socialistic policies of the one’s in power here; their redistribution of money views, and socialized medicine are taking down this country. Their borrowing and spending us right into oblivion, and the rest of the world is laughing. Instead of turning back to God, with repentance for His help and Blessings, we turn to man. 2Chronicles 7:14 If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land. So because we refuse to do this, because we refuse to rid ourselves of idols and wickedness the Bible also tells us of our ruin.
How the gold has lost its luster, the fine gold become dull! The sacred gems are scattered at every street corner.
Neither their silver nor their gold shall be able to deliver them in the day of the LORD’S wrath; but the whole land shall be devoured by the fire of his jealousy: for he shall make even a speedy riddance of all them that dwell in the land.
Credit to Bible Hub, Bible Gateway, and Wikipedia