BROADCASTS.com

\n\t* Happy 4th of July to everyone
\n\t* Unfortunately, we have given up our independence to government tyranny
\n\t* I will be back on the radio again - I'll be on the Alex Jones Show every first and third Friday of every month when the Non-Farm Payroll numbers come out
\n\t* I will be doing tomorrow's show - the second hour of the show
\n\t* The Non-Farm Payroll Report came out early this week because of the 4th of July holiday
\n\t* The consensus forecast of 230,000 jobs was close to the actual number 223,000
\n\t* The unemployment rate of 5.5% last month was expected to come in at 5$% - actually came in at 5.3%, the lowest unemployment rate in 7 years
\n\t* Great news, right? Not great news
\n\t* The devil is in the details
\n\t* The Labor Force Participation Rate - 62.9 last month - plunged down to 62.6%
\n\t* This is the lowest rate since 1977
\n\t* 432,000 people dropped out of the labor force in June - twice the number of people who got jobs in June
\n\t* Once again, these new jobs are low-paying service sector jobs
\n\t* During the Obama "recovery" we have lost 1.4 million manufacturing jobs and gained 1.4 million wait staff and bartender jobs
\n\t* According to the Household Survey 640,000 Americans left the labor force in June
\n\t* Now we have a record 93.6 million Americans no longer in the labor force
\n\t* The Household Survey reports 349,000 jobs were lost during the month
\n\t* The only net gain - 161,000 part time jobs - represent a net loss
\n\t* The Household Survey shows that we lost good jobs
\n\t* When asked about the Labor Force Participation Rate number, Secretary of Labor Perez commented, "One month does not a trend make."
\n\t* This trend has been going down every month of every year that President Obama has been in office
\n\t* Janet Yellen announced that the Fed would not start raising rates without "further improvement in the labor market"
\n\t* She specifically cited the Labor Force Participation Rate and proliferation of part-time jobs as troubling trends
\n\t* We are now further from that goal
\n\t* The demographic leaving the labor force are young people who cannot find jobs
\n\t* Average Hourly Earnings, to increase .2, actually came in flat, at zero
\n\t* Last month's .3 increase was revised down to .2, failing to beat the estimate
\n\t* Weekly Jobless Claims expected to come in at 270,000, actually came in at 281,000 and I think this number is going to go higher
\n\t* There have been fewer hires and fewer fires than expected because the estimates were based on the Birth/Death model, that is proving inaccurate
\n\t* Factory Orders are down for 9 of the last 10 months - this month we were looking for -.3% and we got -1%
\n\t* April was originally reported as -.4 but was revised down to -.7
\n\t* Year over year Factory Orders are down 6.3% (adjusted)
\n\t* The only time we have seen numbers this weak is during a recession
\n\t* The economy is in worse shape now that when QE3 was launched
\n\t* Yet the markets did not react to these bad numbers
\n\t* They still cling to the narrative that the Fed is going to raise rates because the U.S. economy is in good shape
\n\t* Article on Motley Fool refers to me as someone who was "right for the wrong reason"
\n\t* The misquoted me on my prediction on (mortgage)interest rates going up
\n\t* After I made that statement, interest rates did go up for 2 years - they did not go down until after the bubble burst
\n\t* The Fed raised interest rates from 1% to 5-1/2 percent
\n\t* This quote was taken out of context - read my 2007 book, "Crash Proof"
\n\t* There are dozens of articles about the real estate bubble 2004-2007
\n\t* The record shows that I was right for all the right reasons
\n\t* I did think the dollar would go down after the housing bubble burst,\n\nOur Sponsors:\n* Check out Ethos: ethoslife.com/GOLD \n\nPrivacy & Opt-Out: https://redcircle.com/privacy