The issue of addiction has had terrible consequences on the community of Hudson in the last few years. There are new solutions to this problem that are not being discussed. This is an introductory effort to bring these ideas to the floor for the January 13th meeting.
I know it seems like I pick on Bill from time to time, but by all accounts he appears to be another lemming of the establishment only able to drip out the contents of a manipulated report issued by a fraudulent Uncle Sam. Yesterday Bill alerted us that the unicorns and unemployment rate in St Croix County was a cozy 3.8% and the lowest in the state for a 6th consecutive month. While a six month streak is probably true what is missing is any mention of the real rate of unemployment in either the county, state, or nation. In short, either he doesn’t know the difference between nominal and real unemployment, or is too busy handing out tax payer money to challenge the lies within the system and report to you the truth.
I’m still split on the answer.
According to Tyler Durder of ZeroHedge, the actual national unemployment rate in America is not the new low reported just today (and surely to be parroted by the all the WEDC bank branches tomorrow), of an improving 7%, down from 7.3%, but 11.5%. Durden explains this as such:
“While it may appear at first glance that the first chart below (side) shows just one data series, what we have shown are two data sets: one presents, on an inverted axis, the Civilian Employment-to-Population rate, which unlike the unemployment rate as a fraction of the labor force (most recently printing at just 7%), has barely budged since the Lehman collapse. The other data set shows what an implied unemployment rate as calculated by Zero Hedge would be assuming a long-term average of 65.8% worker labor participation rate.As we reported earlier, according to the BLS this number most recently was 63.0%: a 20 bps (.2%) rebound from the 35 year low posted in October, but still woefully wrong. The chart shows much more accurately what the real unemployment rate would be when looking at the overall noninstitutional population instead of the ever rising amount of Americans who for one reason or another are not in the labor force.“
“But more importantly, the number of people not in the labor force exploded by nearly 1 million, or 932,000 to be exact, in just the month of October, to a record 91.5 million Americans! This was the third highest monthly increase in people falling out of the labor force in US history.”
While the distribution of these drop-outs is not necessarily equal amongst the 50 states the immutable fact is, people have given up. This number itself is even likely low as the number of 18-24 year olds who have never held a job greeting you in a blue smock is likely over 50% in the US. In a moment of honesty the Hudson high school principal even acknowledge the youth unemployment problems in a meeting held yesterday.
I pick on Bill because he is the face of the Non-Profit government bank chaired by Scott Walker and is passing off the agency as a hub of economic stimulus and understanding. In reality it is an example of how government intervention and mis-direction cause our population to believe everything is roses and pixie dust rather than digging in and thinking for himself. But then again thinking for himself is something government probably doesn’t pay him to do. Mostly they pay him to show private businesses how to get the most out of government.
So tell us non-profit kind-of-employed-by-government-but-not-really Bill Rubin, what in your professional estimation is the real unemployment rate in St Croix County and the state? How bad is our youth unemployment problem? Even a cursory shot would add to your credibility.
The POTUS (President Of The United States) tweeted today that the minimum wage should be raised to $10.10 in order to enhance the economy and help the McWorkers of America. While this feels like a warm and fuzzy thing on the surface the reality behind his magic numbers hides the real reason the wage isn’t cutting it for our fast food counter workers- Inflation is raging and a buck just doesn’t spend like it used to.
What is most entertaining is the assertion that raising the minimum wage will not only add 140K new jobs but increase the GDP of America by a whopping $32.6 Billion dollars. If such magic were possible, and it’s not, then why stop at 10.10? Why not a 10 fold increase to $101.00? Would that perhaps be because the cost of every good stocked by the boys and girls in blue smocks at your favorite store would monkey hammer the cost so high you might not see the falling prices you expect?
Nah. That’s just silly unicorn stuff.
But the real truth behind the desired raise is what is not being shared, and that is the inflation rate in America is killing our poor and working class as the largest transfer of wealth in the history of the world continues. But rather than explain the affect our wars and entitlement programs are having on these workers it’s best to just suggest the free market (and certainly not the POTUS or highly respected congress) is screwing them daily.
Mark my words, we are fixing the wrong thing. Inflation is not the cost of things going up, it is the value of your money going down. Currently we are in sub-basement 4.
Oh, and baby unicorns like to eat alfalfa grown with organic fairy poop. Gives the coat a nice shine. I hear Bill Rubin is a pro at raising them.
Attention: For educational and commentary purposes only.
As we enter the new normal unicorn buying season it should catch your attention when something brand spanking new comes along to buy; in this case reality. As the attached chart shows, investors have never in the history of this chart been more inclined to believe we should continue to buy buy buy!!!
As we enter into the final stages of what Kyle Bass describes as the 70 year debt super cycle it might be worthy of attention to consider that the rich get richer by not holding on to antiquated ideas like market trend lines attached to helium balloons. To be clear, none of our elected official can make statements like I am making for a variety of reasons, including lack of knowledge. This is not because I am smarter than they are but because I don’t have proclivity towards ignoring reality in exchange for your vote. My desire is to tell you as much of the truth right now so that when the SHTF you will believe me when I explain the solution to these problems.
If you are part of the massive segment of America that has nothing in the stock market I have the following advice: Keep the tank full, the gun loaded, and a 3 month stock of food in the cabinet.
Me? I’ll be working on replacing the people in office that failed to prevent this mess. Once there we will work to put them in jail.
Certainly this is bullish for the poor who benefit so greatly from our inflation.
The line that plummets there in red is the cost of corn grown right around my home town. The last time it plummeted like that was in late summer 2008, just before the market crash. We are sure that was just a coincidence like everything is in this manipulated world where the rich continue to get richer and the poor get poorer by pure chance.
Nope, no bubble here and definitely not popping.
In the mean time we can all just keep on focusing on how government gives more of your money to private businesses with ”Green Tier Helping Businesses Protect Our Resources“. I love the “Our” part. There are “my” resources and there are “your” resources, and any reference to “Ours” is simply in the eye of the beholder…or the one who wants to behold our resources anyway.
While I hope deeply that Jacque Howard’s local real-estate report doesn’t reflect more negative trends, it is important as always to look at the larger economic perspective of the US housing market. According to ZeroHedge the slide in real-estate continues unabated;
“Despite the downtick in rates for a month or two, the housing ‘recovery’ appears to have come to an end. This is the fifth consecutive monthly decline in pending home sales and even though a smorgasbord of Wall Street’s best and brightest doth protest, it would appear the lagged impact of rising rates is with us for good (as the fast money has left the flipping building). This is the biggest YoY decline since April 2011 as NAR blameslow inventories and affordability for the poor performance. Perhaps more worrying for those still clinging to the hope that this ends well is the new mortgage rules in January that could further delay approvals.”
While I’m sure we are all eyeing the December 10th Unicorns and Pixie Dust board meeting with Bill Rubin’s Wisconsin Economic Development Shop where private businesses get very public dollars, I have one very important question for our politicians who are investing these tax dollars through their bank, “Does anyone there have a plan for businesses when the housing bubble, student loan bubble, stock market bubble AND sovereign bond bubble pops?” I’m not sure that Bill is necessarily aware of the problem, and I know for a fact that neither Sheila nor Dean had a clue through at least last winter, but if that has changed it might be proof the Libertarian Party Pierce St Croix is making a difference.
The strangest of things happened last fall when Justice John Robert, a Bush nominee of Eagle Scout quality, wrote the decision on the Affordable Care Act (AKA ObamaCare) calling it a tax. It defined the context in no uncertain terms and gave the president of the blue team the biggest win since LBJ enslaved seniors with Medicare.
“Why John WHY!!!!!!!” the red team cried.
I still favor NSA blackmail but I am almost as likely to say these days that it’s because Social Security and Medicare are taxes and ruling against the ACA tax could have caused a conundrum.
Turns out there is a greater problem with the Supreme Court ruling, according to Investigative Journalist Ben Swann the ACA mandate, already fully blessed as a tax by our Supreme Court of the United States (SCOTUS), was neither originated nor voted on by the House of Representative. On this the US Constitution is pretty clear, all tax legislation must come from the house and this one came from the Senate and never saw the floor of the house.
In response to the SCOTUS decision insurance companies had no choice but to begin adhering to the mandates of the ACA and put in place the final shutdown of individual lines that did not meet the mandates required. Simply put, the sales materials are thrown out, new claims forms have ceased to be printed, the databases have been encrypted and stored, and the last of the claims processing plans are already in full swing. It’s done and in the box.
The real problems begin shortly when 20% of our economy suddenly realizes that neither the private insurance companies nor the ACA are covering huge swaths of our population. What happens then you ask? We fans of Austrian Economics have a saying, “the market always finds a way to meet a demand…if we let it.”
Unintended consequences like this are best explained by Hanlon’s Razor: Hanlon’s razor is essentially a special case of Occam’s razor. Occam’s razor states that, assuming equal explanatory power, the simplest solution (formally, the one with fewest assumptions) should be preferred. Assuming intent is a pretty big assumption, but we all know that (other) people are idiots.
I would like to share a letter to the editor of Menomonee Michigan’s paper.
What would you do?
My name is Robert Burke and I am a resident of Hudson, WI. I should also open by saying I am the Chair of the Libertarian Party Pierce – St Croix, WI.
I am submitting this letter on Thursday, November 21st, 2013 because I am suppose to be in Menomonee, Michigan’s court at 8:05 AM, and at this moment I am now likely in contempt of court for fines of which I am now delinquent. The circumstances of my tickets won’t fit here but you can visit Youtube.com/LibertyValleyWI if you care to hear my side of the story. It is an understatement to say I am now a victim of victimless crime involving an anchor light and over compliance of the boats registration. The system offers me no real redress.
Victimless crimes are corrosive to our relationship with public safety officers. These laws make us suspicious and afraid of police which is the opposite consciousness we should strive for in public safety. Worse, these laws extract money that should go into the economy of your town and not the courts. So today I tell you as a Libertarian this is the system I fight, an unjust system created and enforced by fallible people who make mistakes just like me. It should be noted it is a very expensive system, and you the taxpayer pay dearly for its infrastructure in the retirement benefits of the additional police, prosectors, judges, and various clerical personnel needed to administer it.
I spent $200 on the day I was ticketed at your festival, but I won’t be back to your marina or festival because your police and courts now say I am a criminal. That is unfortunate, your economy could surely use the money.
Robert Burke, Chair
Libertarian Party Pierce – St Croix
In what is best described as an eye-opening ride through the bowels of the city last Friday, I captured over 20 commercial properties in Hudson with at least one vacancy. In the specific case of the industrial parks (many certainly financed with tax payer dollar encouragement) I found multiple buildings that have been empty for months and others for years. In all, we have a lot of empty space.
It is crucial to understand the problem here because many of these buildings were bought on leverage, using the equity appreciation in one building to finance the next. This only works so long as you are at or near 100% occupancy with cost per square foot based on your original business plan. Without tenets these properties become distressed and eventually fail leaving gutted out structures like we see in Detroit. Don’t think for a minute it can’t happen here; that would be just silly.
When you are done pondering how Hudson maintains the 3rd highest average home price in the state while listings double someone might want to wake up Bill Rubin at the St. Croix EDC and ask him what the default rates are on the magic tax payer loans he and his cronies have handed out over the past several years.
Finally, since Wisconsin ranked in the top 5 states for bank branch closings in the nation last quarter, and the top 10 overall, we’re going with the suspicion that Chairman Walker (who’s complete private employment experience is selling warranties for IBM) may have bitten off more than he can chew when he opened a bank using state money.
It should go without saying the bank was a Bi-Partisan Effort.