Wednesday, January 7, 2009

It's a Depression, Stupid!

Click for Big Picture

Pirate News was banned and censored today, by Knoxville News "Sentinel" Blog Network. All part of the War on Free Speech by the Multinational Media Mafia, and the overthrow of USA by the Jewish Banksters at the private "Federal" Reserve Bank, via prefab Depression and Civil War.

Bankrupt KNS was paid a $20-million bribe, er, "Taxpayer Idiot Funds", by City of Knoxville Municipal Corporation, for propaganda services. How many other Knox buisnesses would like corporate welfare, especially during a Depression? This government paycheck makes KNS a government contractor, which must abide by the First Amendment to the US Constitution, as proven by every supreme court and US Congress. It's THE LAW!

Here's the Pirate News that KNS does NOT want YOU to THINK:

2,000 jobs axed today in East TN, with 600 lost at SeaRay, not counting 2,000 new illegal aliens to steal more jobs and drive down wages.

"You WILL pay any tax increase I tell you to pay! You CAN afford it!" screamed Skull & Bones mayor/ambassador Victor "Victoria" Ashe, to the lawyer for SeaRay, at Knoxville city council in October 2000.

SeaRay said they'd rather close their factory and leave Knoxville, leave TN and leave USA, than pay a $500,000 tax increase by predatory annexation without representation, and without any improvement in services. Today SeaRay finally closed their doors in Knoxville.

"Sitting on Council, I was in the presence of evil. There was just darkness. Hopelessness."
-Knoxville councilmember Carlene Malone, Metro Pulse, "Malone Alone", December 13, 2001 (MP now owned by KNS)

"Knoxville must be the most corrupt city on earth. People worry about the national government but it's the local government people need to fear."
-City Councilmember Carlene Malone to Pirate News TV, regarding arson of her 2 cars by city towing contractors running cartheft rackets, before she sued Ashe and city council for holding illegal secret meetings

The Economist reports the obvious that USA is currently in a DEPRESSION, not a Recession, as defined by profesisonal economists. This Depression will be far worse than the prefab Great Depression of the 1920s to 1940s, which was "cured" by genocide of 55-million sheeple. Wall Street professionals predict a US Civil War to begin in 2009, to 2012 at the latest.

Also today, Knoxville News "Sentinel" newspaper censored and banned Pirate News blog from its RSS listing of Knoxville blogs. The URL link to Pirate News TV was deleted from the html code on the left-hand sidebar, and the RSS agregator blocked syndication of Jew Kissinger wants New World Odor in Gaza Massacre, with a cartoon of Kissinger humping Planet Earth. Also deleted was Israeli Mossad run all wiretaps for NSA in USA. Also deleted that same day was Israeli Jews bomb schools, kill 30 Semite kids, which quoted funny Jewish patriot Rosanne Barr calling Israel a "Nazi State".

KNS previously censored and banned PirateNewsDotOrg from posting Comments to daily news articles. This is a Super Secret Censorship that actually cesnors the censorship from the person being censored. The Comments are still visible to the poster, but not to anyone else. The banned person is never notified they are banned, so they keep posting month after month, year after year. This waste of time appears to be one of the major military tactics of, inventor of the internet. Free Speech don't matter when nobody's can hear it.

That same day, WNOXious NeoConnned Radio 100.3FM vomited forth an attack on Pirate News TV, claiming "Free Speech does not apply to cable access TV shows", since producer agreements allegedly are private contracts, not government contracts. Never mind that cable access stations are contractors for government, funded by government grants, which makes them liable for constitutional violations in any court. Pirate News proved that in federal and state courts, getting over 100 KPD towing contractors fired for fraud, theft, extortion, bribery on so-called "private" government contracts for "non-consentual" towing.

Pirate News previously filed an FCC complaint against WNOX for broadcasting the F-word at 100.000 watts, which is a $100,000 fine paid to FCC. In retaliation, WNOX tried to be Pirate News TV banned by CTV cable access station, which was coerced to threaten Pirate News with a $100,000 lawsuit, for rebroadcasting a speech by Pirate News in Knoxville City Council.

Pirate News TV may have been banned by KNS today due to criminal activity perped by (suspected) homosexual lying bitch Katie Granju (GranJew?), a professional prostitute at WBIR TV. Pirate News dared post comments on Granju's blog, a crime punished by death under Jewish Hate Speech laws in Communist Russia and the "Jewish" Babylonian (Iraqi) Talmud. On Granju's blog about Knoxville Voice going out of business this week, Pirate News dared post a cover story by KV about CTV and Pirate News recruiting producers for cable access TV.

Granju previously got Pirate News banned from KnoxViews Forum, for daring to discuss PirateNews' brother campaigning for judge of divorce court in Knox County. KNS banned all political adverts by PirateNews' brother during that GOP primary election, to subvert the election process, and to keep Judge Bill Swann in power, despite Swann's 3 divorces and conviction as a deadbeat dad. Swann and WATE TV talking head Gene Patterson got Pirate News TV banned that same month on CTV, "for running reruns", something Swann/Patterson does all the time. MetroPulse did run those campaign ads against Swann, but now KNS owns MP.

Patterson was "deputy mayor" under mayor Victor "Victoria" Ashe, who was outed by Pirate News as George W. Bush's gay lover at Nazi Skull and Bones Senior Secret Society at all-male Yale University. Ashe and Bush's dominatrix prostitute Leola McConnell is now missing and presumed murdered,after publishing her eyewitness account of Bush and Ashe's love of gay sex. McConnell's website has now been silenced, since dead hos don't pay domain name registrations or webhost rentals. Just like Margie Shoedinger was gunned down as retaliation for suing George W. Bush for rape.

The owners of KNS, Mr. Scripps and Mr. Howard, are members of Jewish Bohemian Grove presidential retreat and nudist compound, located north of gay San Francisco in Full Monte Rio, California.

Presidential human sacrifice cult of Molech - Click for Big Picture

Video: Undercover Video Inside Bohemian Grove

Video: Snuff Kiddie Porn at Bohemian Grove

Video: Boners at Bohemian Grove

MP3: Boners at Bohemian Grove

"Moloch is an ancient Phoenician and Ammonite god, to whom children were sacrificed by burning."
-Webster's New World Dictionary

"And thou shalt not let any of thy seed pass through the fire to Molech, neither shalt thou profane the name of thy God: I am the LORD. Thou shalt not lie with mankind, as with womankind: it is abomination."
-Leviticus 18:21-22, Christian Bible KJV and Jewish Torah

"And the LORD spake unto Moses, saying, Again, thou shalt say to the children of Israel, Whosoever he be of the children of Israel, or of the strangers that sojourn in Israel, that giveth any of his seed unto Molech; he shall surely be put to death: the people of the land shall stone him with stones. And I will set my face against that man, and will cut him off from among his people; because he hath given of his seed unto Molech, to defile my sanctuary, and to profane my holy name. And if the people of the land do any ways hide their eyes from the man, when he giveth of his seed unto Molech, and kill him not: Then I will set my face against that man, and against his family, and will cut him off, and all that go a whoring after him, to commit whoredom with Molech, from among their people."
-Leviticus 20:1-5, Christian Bible KJV and Jewish Torah

"And Solomon did evil in the sight of the LORD, and went not fully after the LORD, as did David his father. Then did Solomon build an high place for Chemosh, the abomination of Moab, in the hill that is before Jerusalem, and for Molech, the abomination of the children of Ammon."
-1 Kings 11:6-7, Christian Bible KJV and Jewish Torah

"Because of all the evil of the children of Israel and of the children of Judah, which they have done to provoke me to anger, they, their kings, their princes, their priests, and their prophets, and the men of Judah, and the inhabitants of Jerusalem. And they have turned unto me the back, and not the face: though I taught them, rising up early and teaching them, yet they have not hearkened to receive instruction. But they set their abominations in the house, which is called by my name, to defile it. And they built the high places of Baal, which are in the valley of the son of Hinnom, to cause their sons and their daughters to pass through the fire unto Molech; which I commanded them not, neither came it into my mind, that they should do this abomination, to cause Judah to sin."
-Jeremiah 32:32-35, Christian Bible KJV and Jewish Torah

God-damned Satan worshipers will burn in Hell!

by John Lee
Pirate News TV
7 Jan, 2009

Diagnosing depression

What is the difference between a recession and a depression?

The Economist
Dec 30th 2008

THE word “depression” is popping up more often than at any time in the past 60 years, but what exactly does it mean? The popular rule of thumb for a recession is two consecutive quarters of falling GDP. America’s National Bureau of Economic Research has officially declared a recession based on a more rigorous analysis of a range of economic indicators. But there is no widely accepted definition of depression. So how severe does this current slump have to get before it warrants the “D” word?

A search on the internet suggests two principal criteria for distinguishing a depression from a recession: a decline in real GDP that exceeds 10%, or one that lasts more than three years. America’s Great Depression qualifies on both counts, with GDP falling by around 30% between 1929 and 1933. Output also fell by 13% during 1937 and 1938. The Great Depression was America’s deepest economic slump (excluding those related to wars), but at 43 months it was not the longest: that dubious honour goes to the one in 1873-79, which lasted 65 months.

Japan’s “lost decade” in the 1990s was not a depression, according to these criteria, because the largest peak-to-trough decline in real GDP was only 3.4%, over the two years to March 1999. Since the second world war, only one developed economy has suffered a drop in GDP of more than 10%: Finland’s contracted by 11% during the three years to 1993, mainly thanks to the collapse of the Soviet Union, then its biggest trading partner.

Emerging economies, however, have been much more depression-prone. Among the 25 emerging economies covered each week in the back pages of The Economist, there have been no fewer than 13 instances in the past 30 years of a decline in real GDP of more than 10%. Argentina and Poland were afflicted twice. Indonesia, Malaysia and Thailand all suffered double-digit drops in output during the Asian crisis of 1997-98, and Russia’s GDP shrank by a shocking 45% between 1990 and 1998.

The left-hand chart shows The Economist’s ranking of slumps in developed and emerging economies over the past century. It excludes those during wartime (both Germany and Japan, for example, saw output plunge by 50% or more after 1944). The depressions in Germany and France in the 1930s make it into the top 12, but not that in Britain, where GDP fell by a relatively modest 6%.

Before the 1930s all economic downturns were commonly called depressions. The term “recession” was coined later to avoid stirring up nasty memories. Even before the Great Depression, downturns were typically much deeper and longer than they are today (see right-hand chart). One reason why recessions have become milder is higher government spending. In recessions governments, unlike firms, do not slash spending and jobs, so they help to stabilise the economy; and income taxes automatically fall and unemployment benefits rise, helping to support incomes. Another reason is that in the late 19th and early 20th centuries, when countries were on the gold standard, the money supply usually shrank during recessions, exacerbating the downturn. Waves of bank failures also often made things worse.

But a recent analysis by Saul Eslake, chief economist at ANZ bank, concludes that the difference between a recession and a depression is more than simply one of size or duration. The cause of the downturn also matters. A standard recession usually follows a period of tight monetary policy, but a depression is the result of a bursting asset and credit bubble, a contraction in credit, and a decline in the general price level. In the Great Depression average prices in America fell by one-quarter, and nominal GDP ended up shrinking by almost half. America’s worst recessions before the second world war were all associated with financial panics and falling prices: in both 1893-94 and 1907-08 real GDP declined by almost 10%; in 1919-21, it fell by 13%.

The economic slumps that followed the collapse of the Soviet Union and those during the Asian crisis were not really depressions, argues Mr Eslake, because inflation increased sharply. On the other hand, Japan’s experience in the late 1990s, when nominal GDP shrank for several years, may qualify. A depression, suggests Mr Eslake, does not have to be “Great” in the 1930s sense. On his definition, depressions, like recessions, can be mild or severe.

Another important implication of this distinction between a recession and a depression is that they call for different policy responses. A recession triggered by tight monetary policy can be cured by lower interest rates, but fiscal policy tends to be less effective because of the lags involved. By contrast, in a depression caused by falling asset prices, a credit crunch and deflation, conventional monetary policy is much less potent than fiscal policy.

Yes, we have no bananas

Where does that leave us today? America’s GDP may have fallen by an annualised 6% in the fourth quarter of 2008, but most economists dismiss the likelihood of a 1930s-style depression or a repeat of Japan in the 1990s, because policymakers are unlikely to repeat the mistakes of the past. In the Great Depression, the Fed let hundreds of banks fail and the money supply shrink by one-third, while the government tried to balance its budget by cutting spending and raising taxes. America’s monetary and fiscal easing this time has been more aggressive than Japan’s in the 1990s.

However, these reassurances come from many of the same economists who said that a nationwide fall in American house prices was impossible and that financial innovation had made the financial system more resilient. Hopefully, they will be right this time. But this crisis was caused by the largest asset-price and credit bubble in history—even bigger than that in Japan in the late 1980s or America in the late 1920s. Policymakers will not make the same mistakes as in the 1930s, but they may make new ones.

In 1978 Alfred Kahn, one of Jimmy Carter’s economic advisers, was chided by the president for scaring people by warning of a looming depression. Mr Kahn, in his next speech, simply replaced the offending word, saying “We’re in danger of having the worst banana in 45 years.” America’s economy once again has a distinct whiff of bananas.

Tough Tuesday for East Tennessee economy; nearly 2000 jobs cut


Outside the United Steel Workers Union shop in Alcoa, the rain falling from the sky was perfect symbolism: when it rains, it pours.

Tuesday, a tough national and global economy dealt East Tennessee a trio of blows, which are expected to leave about 2,000 more people looking for work in coming months.

The massive hits have Knoxville's Chamber of Commerce rethinking previous notions that East Tennessee's industry may be diverse enough to be classified as recession proof.

Early Tuesday, a leaked internal memo confirmed Goody's Family Clothing planned to liquidate, likely shutting down their retail stores and Knoxville corporate headquarters. In all, it will mean 9,800 jobs lost across the Southeast and 1,100 jobs in Knox County.

Brunswick, the parent company of Sea Ray, also announced Tuesday the Knoxville Riverside plant will be moth-balled and shut down for some period of time. The move will put at least 300 workers out of jobs locally.

The final body blow came late Tuesday afternoon.

Blount County's ALCOA plant announced they'd be laying off one-third of their local workforce-- 450 employees as part of a national reduction of more than 13,000 jobs.

Employees now know the cuts are coming, but they don't know who exactly will be laid off.

"I really don't know anything," Terry Burrell, an ALCOA employee said. "I got a few phone calls, and they said they were going to close primary metals, start shutting it down at the end of the month. That's all I've heard, I've been searching for answers."

Burrell's already been laid off twice during his 32 year career with the aluminum manufacturer. An Alabama transplant now, his family still lives in Mobile, and he considers himself a commuter. He tries to get back at least twice a month to see them.

ALCOA hopes the Blount County layoffs will be temporary, and they want to keep their plants ready to be opened back up, when and if feasible.

The cuts will primarily be at the south plant, home to ALCOA's smelting operation.

Smelting at ALCOA in Blount County will be shut down. Both the company and union say aluminum prices are to blame.

According to the union, it costs about $2,200 to make a metric ton of aluminum at ALCOA. Tuesday, the global markets showed aluminum selling for about $1,500 per metric ton.

Until then, many of the 450 employees about to be laid off will be relying on the union for a portion of their salary.

"It's a big number. It's something we weren't expecting," Brickey Beasley, the President of the local United Steel Workers Union said. "You can't replace these kinds of jobs. These are great union jobs with good money and good benefits. My heart goes out to those who will be affected."

Even for the employees who have been through this before, they say it's not easy. But for employees like Burrell, he says he just wants to focus short-term and weather the economic storm.

"It's just accepting life for what it is, you've got to take it one day at a time," Burrell said. "I don't know what the future holds, I can only deal with the here and now."

Click for Big Picture


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