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Professor Carl Van Horn

As America’s unemployment problem only gets worse, researchers are revealing some disturbing responses and habits among those who can’t find work.

Bottom line:  The out-of-work are losing hope.

If you are unemployed, do you see yourself in this week’s interview?

Professor Carl Van Horn, director of the John J. Heldrich Center for Workforce Development at Rutgers University, shares some interesting and disturbing trends among the jobless, based on his study of 1,200 jobless participants.

The new study, Out of Work and Losing Hope: The Misery and Bleak Expectations of American Workers by Dr. Cliff Zukin, Dr. Carl Van Horn, and Charley Stone, was released just last week.

Two-thirds of respondents reported being depressed. More than half said they have borrowed money from friends or relatives. One quarter said they have skipped mortgage or rent payments.

Van Horn is afraid the situation will only get worse in the years ahead.

As Van Horn told CBS News recently, “This is not your ordinary dip in the business cycle.”

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Here’s how the Rutgers study was covered on last Friday’s CBS Evening News:


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Jay,

Thanks for taking the time to check out the protest and for having an open mind.

I’m done with the “law and order” (for everyone except the bankers) types. Turn on an AM radio and you’ll be treated to one ass clown after another demanding that the cops go in and start cracking heads open because those “flea-baggers” are breaking the law because they don’t have permits(!).

Got news for these sometimes lovers of freedom…the protesters…every god damned one of them has a “permit.” It’s called the Constitution.

I don’t remember seeing a damned thing in that document that says you only have a right to petition for redress of grievances with a permit issued by the government who doesn’t want to hear anything about said redress. Rosa Parks didn’t apply for a permit to stay at the front of the buss. Black men didn’t apply for a permit to sit at the lunch counter. The colonists didn’t apply for a permit to dump tea into Boston Harbor. Law breakers, each and every one. And they were all right to break those laws.

While I’m on this rant, let’s talk about some good, law abiding citizens. How about the ones who followed the law by hearding the Jews into boxcars so they can be hauled off to the concentration camps in Germany? How about the loyal law abiders who herded Americans of Japanese, German and Italian decent into camps right here in the US in the 1940′s?

- Message posted in the comments section

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"Occupy Wall Street" Comes to Austin, Texas

Today, the Occupy Wall Street movement came to my town:  Austin, Texas.

In this special episode of Financial Survival Radio, we hear from a few randomly-selected protesters who explain why they’ve joined OWS and what they expect from the movement.

While today’s demonstration was extensively covered by local TV news in Austin, there is a near-zero chance that they will actually broadcast some of the ideas expressed in these interviews.  Here’s a good example of how incurious local TV types are glossing over the story.

In this show, you’ll hear the protesters in their own words.  What do they really want?  What happens when hundreds of people show up, each with dozens of different agendas?

And more importantly, is this movement in grave danger of being co-opted by the very dark forces the protesters have come to oppose?

While I have had some suspicion and misgivings about OWS, today’s crowd in Austin left me feeling energized and hopeful.  People are indeed starting to wake up.

Update to something I mentioned on the show:  Apparently, I really suck at guessing crowd sizes.  While I had figured a couple of hundred people were present at today’s protest, the local paper says it was more like 1,200.

 

Photos

Protester and podcaster John Duffy

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Jay,

Am I a celebrity now?

If you have the opportunity, listen to Rush’s second hour from today. He says essentially what I was saying sans the bloody endgame. The Occupy Wall Streeters aren’t simply opposing the banks. They are consciously attacking everything about America and doing it with Obama’s concurrence as we heard in his presser today. They are the enemies of freedom while the bankers are merely greedy.

We’ve already seen Michael Moore, Van Jones and the Worker’s World Party at this celebration of cynically false outrage. Who’s next? Noam Chomsky? Bill Ayers? Obama himself? Some wags are suggesting that the OWS event is being coordinated by the Obama adminstration as a shot across the bow at bankers and hedge fund managers who financially supported Obama 2 to 1 over McCain in 2008, but who look like they may jump ship the next time.

I don’t know if America and her financial system can be saved, but for the sake of those who invested a lifetime of sweat in the little that they have, we should be be making a real effort to preserve what is good and surgically remove what is bad. The idea of “let it all crash and we’ll rebuild” sounds like it came from a sophomore bull session fueled by weed. It ignores the inherent danger posed to those who have always done the right thing. I’m hardly suggesting that they be given a handout, only that they have a right to keep what they’ve earned.

Best regards,
Dr. Thorne

P.S. Another quadplex won’t save your cashflow when the rent is being paid in inflated and worthless dollars.

Doctor,

I don’t agree with everything you say, but I have to admit — there is something about OWS that just doesn’t sit right with me.  It does not look and feel like a truly honest, organic movement (jeez, wasn’t the whole thing hatched by the Canadian magazine Adbusters?).

When these kinds of things crop up – especially in the US – I always step back, scratch my head and wonder who really ginned the whole thing up.  In this land of TV and Smart Phone zombies, very little happens here that isn’t totally mediated by corporate masters.

Don’t get me wrong.  The economy is broken, and it was indeed wrecked by banker greed.  OWS is full of well-meaning protesters who have been genuinely hurt by those banksters.

But I’m afraid you’re absolutely right about one thing:  Occupy Wall Street has been co-opted by unseen and powerful forces that wish to channel the ire of protesters toward a system that’s far worse, far more tyrannical that what we’ve got now.

Are these protesters absolutely sure they know what they’re asking for, and what it would mean?

Aside from that brief thought, I’m still mulling Occupy Wall Street.  More later.

Jay

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“Keiser Sounds Like He’s Been Huffing Helium”

October 4, 2011

SEE UPDATE 10-6-11 here… Jay, [Max] Keiser sounds like he’s been huffing helium. His dream of a destroyed American financial system would be the most endemically lethal thing that ever happened to Americans – my family, my neighbors – with an outcome like an insane child playing with the nuclear football. He’s a crackpot and [...]

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#051 – Max Keiser on America’s Future: We’ll All Be Playing Farmville for Pennies, or Picking Cotton

September 29, 2011
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RT Network and Press TV financial analyst Max Keiser is here to offer a preview of America’s financial future. Based on events unfolding now, Keiser says the US economy will eventually revolve around prison labor and online gaming. One of the biggest red flags, he says, is the emergence of online games like Zynga’s FarmVille, [...]

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Jon Stewart’s Extended Interview with Ron Paul

September 27, 2011

From Zero Hedge: About a month ago, after everyone in the wholly conflicted media (just ask one question: who pays all that advertising money – nuf said), on both the left and the right, was ignoring the most promising presidential candidate this country has had in decades, Jon Stewart decided to take Ron Paul under [...]

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“Jay, Great Show This Week”

September 22, 2011

Jay, Great show this week.  I’ve been listening for over a year and I found this to be the most informative and interesting episode.  Keep us updated on the real estate search.  Sharing your thought process as you consider different investment properties is very informative to the first time potential real estate investor.    Refreshing change [...]

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#050 – My Mother-In-Law Wants Me to Find Her a Cash Flowing Four-plex

September 22, 2011
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I have received instructions from my mother-in-law to find her a cash-flowing fourplex, pronto. She would prefer that I find the property somewhere in her own town of Killeen, Texas, which is home to the Fort Hood Army Base. We’re trying to find something that cash flows $1,000, which is possible, but also comes with [...]

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#049 – The Biggest Lie TV News is Telling You; PLUS: Physical Silver in Your 401K

September 15, 2011
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As the US presidential campaign begins, we’ve noticed major TV and print media are repeating a huge lie, over and over again. The lie is this:  That Congressman Ron Paul is not electable.  Or that anyone else, for that matter, is unelectable besides three anointed candidates within the entire Republican party. Are you buying it?  [...]

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