- Prison Planet.com - http://www.prisonplanet.com -

Jobs Meltdown, Obamacare Could Pave Way For QE5

Posted By admin On January 10, 2014 @ 1:50 pm In Featured Stories,Paul Watson Articles,Tile | Comments Disabled

US labor force at 35 year low

Paul Joseph Watson
Prison Planet.com
January 10, 2014

Today’s horrendous jobs figures allied with the expected economic impact of Obamacare are stirring rumors that the Federal Reserve could resort to QE5 – yet another round of money printing madness.

Jobs Meltdown, Obamacare Could Pave Way For QE5 100114dollars

Image: U.S. Dollars (Wikimedia Commons).

The US Department of Labor released a report today [1] which revealed that just 74,000 jobs had been added to the US economy in December, surprising analysts who had expected a figure above 200,000.

However, even more shocking is that the labor participation rate has dropped to a 35 year low, with only 62.8% of Americans participating in the jobs market in December. 91,808,000 Americans are not in the labor force. The reduction in the unemployment rate from 7% to 6.7% is explained by the fact that many more Americans have given up looking for work.

The result of over $1 trillion dollars of Fed spending in 2013 has resulted in all time highs for the stock market, but less jobs were created [2] in 2013 compared to 2012.

This “jobless recovery” has sparked fresh talk that the Federal Reserve, which recently announced it would taper its bond buying program, may in fact be preparing to launch QE5, cranking up the printing presses once again in a desperate effort to prolong the illusion of economic rehabilitation.

A further factor that could prompt the Fed to panic is the expected cost to the economy of Obamacare.

Richmond Federal Reserve President Jeffrey Lacker told Reuters today [3] that it would take two quarters of negative economic figures for the Fed to reverse its decision to taper, but he sounded an ominous warning about the impact of Obamacare.

“I think the Affordable Care Act is something that we are watching very closely because it’s something that could well have a substantial economic impact,” said Lacker, adding that he expects a lot of turmoil in the health care industry.

Some analysts have warned [4]that Obamacare represents a “neutron bomb that will decimate the U.S. economy.”

The Financial Times [5] is also reporting today that the unemployment figures could put the taper in doubt.

“Despite admitting asset-bubbles, fears over stock-multiples and excessively easy lending; the Fed will launch QE5 when Obamacare drags the US economy into trouble,” reports Zero Hedge [6].

Facebook @ https://www.facebook.com/paul.j.watson.71 [7]
FOLLOW Paul Joseph Watson @ https://twitter.com/PrisonPlanet [8]


Paul Joseph Watson is the editor and writer for Infowars.com [9] and Prison Planet.com [10]. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

Article printed from Prison Planet.com: http://www.prisonplanet.com

URL to article: http://www.prisonplanet.com/jobs-meltdown-obamacare-could-pave-way-for-qe5.html

URLs in this post:

[1] released a report today: http://www.theguardian.com/business/2014/jan/10/us-economy-adds-74000-jobs-december

[2] less jobs were created: http://www.zerohedge.com/news/2014-01-10/its-official-us-created-less-jobs-2013-2012

[3] told Reuters today: http://www.chicagotribune.com/business/sns-rt-us-usa-fed-lacker-20131223,0,2078818.story

[4] analysts have warned : http://charleshughsmith.blogspot.co.uk/2013/11/obamacare-neutron-bomb-that-will.html

[5] Financial Times: http://www.ft.com/cms/s/0/e9a9f980-79fc-11e3-a3e6-00144feabdc0.html

[6] reports Zero Hedge: http://www.zerohedge.com/news/2014-01-10/fed-hints-reason-qe5-obamacare

[7] https://www.facebook.com/paul.j.watson.71: https://www.facebook.com/paul.j.watson.71

[8] https://twitter.com/PrisonPlanet: https://twitter.com/PrisonPlanet

[9] Infowars.com: http://infowars.com/

[10] Prison Planet.com: http://prisonplanet.com/

[11] Obamacare Strikes: Part-Time Jobs Surge To All Time High; Full-Time Jobs Plunge By 240,000: http://www.prisonplanet.com/obamacare-strikes-part-time-jobs-surge-to-all-time-high-full-time-jobs-plunge-by-240000.html

[12] Obamacare forces American workers into ‘part-time society’ as full-time jobs are slashed everywhere: http://www.prisonplanet.com/obamacare-forces-american-workers-into-part-time-society-as-full-time-jobs-are-slashed-everywhere.html

[13] CBO Director Says Obamacare Would Reduce Employment by 800,000 Workers: http://www.prisonplanet.com/cbo-director-says-obamacare-would-reduce-employment-by-800000-workers.html

[14] Unintended consequences of Obamacare devastating American jobs and workers: http://www.prisonplanet.com/unintended-consequences-of-obamacare-devastating-american-jobs-and-workers.html

[15] US Economy Has To Generate 256K Jobs Per Month Until The End Of Obama’s Second Term To Regain Lost Jobs Since December 2007: http://www.prisonplanet.com/us-economy-has-to-generate-256k-jobs-per-month-until-the-end-of-obamas-second-term-to-regain-lost-jobs-since-december-2007.html

Copyright © 2013 PrisonPlanet.com. All rights reserved.