Wednesday, October 12, 2011

Jobs report stinks just a little

The markets are up a little on the news that there was a fairly good monthly jobs report from the Department of Labor last Friday. But on closer examination, I think it just stinks a little. While the private sector did create 137,000 new jobs, which is almost good (remember, we need 200,000 per month to recover), manufacturing lost 13,000. While we did make some headway last spring, overall these past 12 months, the progress has not been goodLink at all. Recovery in total private sector jobs has been less than half of what is needed, and manufacturing is in about the same boat. So, while we are not being dragged into a second recession, we are not pulling out of this one either.

In addition, average hourly earnings has remained pretty stagnant also. While food and energy prices have gone up about 10% (very rough estimate) over the past 3 years (the reason they tell you there is no inflation is they measure your pay, not prices), wages have remained nearly the same. This means that even if you do have a job, things are not getting better.

As if all that is not enough, President Obama has proposed a half billion dollar "stimulus" plan that will likely act like throwing an anchor off the back of a boat. Sure the boat will move forwards from the stimulus caused by throwing the anchor, but then the anchor will be a drag for years to come.

The only good news about all this stagnant economic stuff (that is, if you have a steady job) is that gas prices won't be rising much in the next few months.

Meanwhile, copper, which I use as a forecaster of where manufacturing is going, has lost about 20% of its value. This is a bad thing. Since manufacturing is a large user of copper, it means manufacturing is slowing down. No matter what the ISM index says, if copper use is down, manufacturing is, or will be, slowing down. At least that is what happened in the past. It isn't that I have a crystal ball, but I have seen this before.

Some people have been saying the price of silver crashed but really all it did was lose some gains it made this past couple of years that were completely out of line with how much silver should cost. It is still over priced, if you ask me, but then again, I have said gold was over priced for five out of the last five years.

A predicted shortage of cotton has failed to materialize at this time, so goods made with cotton will remain economical for the next several months.

Other good news is, as I mentioned a couple of weeks ago, the anticipated worldwide famine will not develop. Not because food production is all that much better, but because it turns out that the quantity of food wasted in more affluent countries is just simply colossal, and that can absorb the losses, with just a 10% to 20% rise in prices. I will likely be writing more on famines, epidemics and other disasters soon, though, as they are not going to go away.

Thursday, October 06, 2011

Obama and False Christianity

A recent conversation on another forum got me thinking. The discussion was about President Obama, and his supposed christianity, as well as his animosity towards Fundamentalist Christians.

As soon as a couple of videos of Obama's speeches were posted, some of his supporters began saying they were Photoshopped, so I presented evidence from one of Obama's own speeches, and posted by his own self.

As soon as I posted it I knew there would be a problem. The typical Christian, even if they kinda know what Christianity is, cannot discern true from fake Christians. Most, even if they have spent many years in Church and looked up the verses referred to in Sunday School and in the sermon, still have little overall knowledge of the Bible.

I know I am beginning to sound like a broken record on this. Constantly harping that Christians need to dig into the Bible, but how else are we to know the true Christians from the Counterfeit s? Especially if the Counterfeits are doing what many believe are good works?

To make thinks worse, the site I referenced was from the United Church of Christ (UCC). While the "Churchs of Christ" had a good reputation many years ago (though I have heard no news lately), UCC is a different organization. Wikipedia says the "United Church of Christ" is "less historically related" and that is an understatement. One is a separatist movement, separating themselves from the mainline churches that had fallen into apostasy, the UCC is an ecumenical organization.

Now, ecumenical was once a good thing. It meant that faithful, Bible believing churches would get along. Today it is a snake in the grass, teaching there is no difference between churches even if they have renounced the Bible as the central authority, and teach that there are many ways to get to heaven.

I also noticed, as I researched the various parts of this article, that the wording of the ecumenical movement is getting more subtle. This is disturbing, as it will make it more and more difficult to spot the counterfeits without actually being inside their organizations. In addition they have been embarking on their own versions of Bible dictionaries and their own interpretation guides. I suspect it will not be long before the truth will be completely indistinguishable to those who are not already saved. And I am certain this is one of the elements that will bring the Rapture and Second Coming of Christ.

The Bible is the Word of life. As such, studying the Bible is crucial to the life and growth of every believer. -- John MacArthur