Realcent.org

Seeing the huge moves is mind blowing, but when there is an offical collapse, this will look rather tame.

In the news....

Weak jobs growth...The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was only because more people gave up looking for jobs. People out of work are counted as unemployed only if they're looking for a job. So what is the REAL unemployment rate?

Get ready boys and girls, the QE3 freight train is on it's way....Sept 13th.

Across the Pond:

The European Central Bank agreed to launch a new and potentially unlimited bond-buying programme to lower struggling euro zone countries’ borrowing costs and draw a line under the debt crisis...

Sidebar...Let me see if I understand this correctly. An unlimited about on money, that the Euro countries don't have, will be created and given to countries in trouble that already can't afford the debt they owe now, putting them deeper in debt. That sure sounds like a plan doesn't it.

Copper Catcher wrote: People out of work are counted as unemployed only if they're looking for a job. So what is the REAL unemployment rate?

I believe their only counted as unemployed if they are receiving unemployment benefits. Our government doesn't count those looking for work after their benefits have expired.

Even the broad U-6 number only counts people who have looked for work within the last year. Anyone else is ignored.

If you simply take the number of "Employed" age 16-64 according to the BLS, and the number of total people age 16-64 according to the Census, you get an unemployment rate of over 36%. Even if you disregard new mothers and the disabled, the number is still above 25%.

I saw "19%" over at the Breitbart sites, but suspect they went with a "reasonable maximum" unemployment figure to avoid being labeled scare mongers. My armchair guess? About 25% to 30%, measured the way sociologists and the CIA measure unemployment. For other countries.

http://www.breitbart.com/