~ Kahil Gibran
By Catherine Austin Fitts
This week on The Solari Report, John Williams of Shadow Stats joins me to address the real state of employment and household income in the US economy.
This is a BIG issue. The 2014 elections are about to make it an even bigger issue. There are now over 100 million people in the United States receiving means-tested subsidy. The labor participation rate is at a 35 year low. And recent studies indicate that 40-50% of existing jobs are likely to be automated as a resulting of the application of new technologies.
How is this supposed to work? Does someone have a plan? If they do, I would certainly like to know what it is.
John and I dig into the “official statistics” to see what the hard facts are in employment trends and what it means for the road ahead.
In Money & Markets this week I will discuss current events in geopolitics and financial markets. Post or e-mail your questions for Ask Catherine.
In Let’s Go to the Movies, I will review one of my favorite comedies, The Full Monty. When the steel mills shut down in South Yorkshire closed down and unemployment rate soars, a former steel worker turns entrepreneur to organize a strip tease show to pay off his child support obligation.
Talk to you Thursday!