Wake up America is going down hill fast !!!!

It is estimated that there are 450 billionaires and 3,000,000 millionaires in United States as per 2011. The net worth of all households in US population around 310 million { with at least 20 - 40 million illegals } was US$56 trillion. The 450 billionaires are worth US$1 trillion, while 3,000,000 millionaires are worth US$11 trillion – which comes to one percent of US population owning more than 21 per cent of countries resources.

Many of these billionaires and millionaires have accumulated their wealth by managing fellow Americans’ money or looting the resources of under-developed nations around the globe.

International monetary system (WB, IMF, WTO, USAID, etc.) is based on crony Capitalism and is maintained by the super-powers for the benefit of their minority rich elites which was the driving force behind western colonization of most of Asian and African nations. These greedy and corrupt elites feel no mercy for their own countrymen either. The controlled governments always are there to bail then out by using taxpayers’ hard earned money.

One America’s largest bank, Washington Mutual, collapsed and shareholder lost US$80 billion plus US$200 billion in bad assets . The world’s largest insurance company, A.I.G Insurance { to big to fail could not insure a pile of dung } which has posted a loss of US$1,500 billion. Then there is the Lehman Brothers, whose stocks went from US$85 down to $.21 cents. The company declared a loss of US$500 as result of stock loss, account payable, debt and other liabilities.

American Crony Capitalism is based on monopoly , Usury, & greed. Which is not truly free market capitalism. Temujinist hold the view that economic disorder is caused by unrestrained greed , arrogance , apathy and stupidity. Which cause a nation’s miseries and result in a nation’s moral degradation. Sadly most of America today lacks a firm just moral Character .

US Payrolls +18,000
Last Month Quietly Revised Lower to +25,000 from +54,000
US Unemployment Unexpectedly Rises +.1 to 9.2% Despite Drop in Participation Rate
Since March, Number of Unemployed Rises by 545,000
Household Survey Number Unemployed Up 173,000
Household Survey Number of Employed Down 445,000
272,000 people dropped out of the labor force, reversing the labor force gain of 272,000 last month.

Average Weekly Workweek Drops by .1 Hours
Average Manufacturing Hours Drops by .3 Hours
Average Private Hourly Earnings Decrease 1 Cent
There has been virtually no improvement in part-time employment in a full year. 8.5+ million workers want a full time job and cannot find one.

Recall that the unemployment rate varies in accordance with the Household Survey not the reported headline jobs number, and not in accordance with the weekly claims data.

Digging deeper into the Household Survey, we see some more interesting data. In the last year, the civilian population rose by 1,799,000. Yet the labor force dropped by 263,000. Those not in the labor force rose by 2,063,000.

Last month the labor force rose by 272,000. This month the labor force fell by 272,000. How's that for symmetry?

The 6-month labor force total for 2011 is +4,000.

Many of those millions who dropped out of the workforce would start looking if they thought jobs were available. Indeed, in a 2-year old recovery, the labor force should be rising sharply as those who stopped looking for jobs, once again started looking. Instead, the labor force is not expanding at all.

Were it not for people dropping out of the labor force for the past two years, the unemployment rate would be well over 11%.

June 2011 Jobs Report

Please consider the Bureau of Labor Statistics (BLS) June 2011 Employment Report.

Nonfarm payroll employment was essentially unchanged in June (+18,000), and the unemployment rate was little changed at 9.2 percent, the U.S. Bureau of Labor Statistics reported today. Employment in most major private-sector industries changed little over the month. Government employment continued to trend down

32 States Now Officially Bankrupt: $37.8 Billion Borrowed From Treasury To Fund Unemployment; CA, MI, NY Worst