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by Chris Martenson

WASHINGTON (MarketWatch) — U.S. employers continued to hire but at a sluggish pace that adds to pessimism about the economic outlook and may put pressure of the Federal Reserve to take more steps to support the economy.

Private-sector payrolls rose by an estimated 71,000 in July, the Labor Department said.

Total nonfarm payrolls fell by a seasonally adjusted 131,000 in July, but all the lost jobs were temporary jobs at the U.S. Census.

Left out of this rosy look at the numbers by MarketWatch (“Don’t worry, they were all temp Census jobs!”) was the fact that June’s payroll data was revised down from a loss of -125k jobs to a much more substantial loss of -221k.  More than -50k of that adjustment was to private payrolls, which erodes the recovery story substantially.

Weak Jobs = More Money Printing
PREVIEW by Chris Martenson

WASHINGTON (MarketWatch) — U.S. employers continued to hire but at a sluggish pace that adds to pessimism about the economic outlook and may put pressure of the Federal Reserve to take more steps to support the economy.

Private-sector payrolls rose by an estimated 71,000 in July, the Labor Department said.

Total nonfarm payrolls fell by a seasonally adjusted 131,000 in July, but all the lost jobs were temporary jobs at the U.S. Census.

Left out of this rosy look at the numbers by MarketWatch (“Don’t worry, they were all temp Census jobs!”) was the fact that June’s payroll data was revised down from a loss of -125k jobs to a much more substantial loss of -221k.  More than -50k of that adjustment was to private payrolls, which erodes the recovery story substantially.

by Chris Martenson

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Increasing Your Local Food Sources

For us, the next step after getting some food stored away was to increase our local sources of food.  Our primary local sources include the farmers who produce our meat and raw milk and the community-supported agriculture (CSA) vegetable operation to which we belong.  Our local demand translates into more local food—a worthy outcome by itself, but we also happen to get superior food as part of the bargain.

And there's more.  Our CSA is run by two fabulous young farmers whom we adore, it employs a crew of young local people, and they grow everything organically.  We are getting tastier and healthier food, increasing demand for local food, and supporting our local community, all in one fell swoop.  If you do not yet belong to a CSA and have the opportunity, it is well worth pursuing.  And if a CSA is not available or affordable to you, then at the very least, make connections with local farmers and food producers and purchase food from them directly whenever possible.

 

What Should I Do? The Basics of Resilience (Part 4 – Growing & Preserving Food)
by Chris Martenson

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Increasing Your Local Food Sources

For us, the next step after getting some food stored away was to increase our local sources of food.  Our primary local sources include the farmers who produce our meat and raw milk and the community-supported agriculture (CSA) vegetable operation to which we belong.  Our local demand translates into more local food—a worthy outcome by itself, but we also happen to get superior food as part of the bargain.

And there's more.  Our CSA is run by two fabulous young farmers whom we adore, it employs a crew of young local people, and they grow everything organically.  We are getting tastier and healthier food, increasing demand for local food, and supporting our local community, all in one fell swoop.  If you do not yet belong to a CSA and have the opportunity, it is well worth pursuing.  And if a CSA is not available or affordable to you, then at the very least, make connections with local farmers and food producers and purchase food from them directly whenever possible.

 

by Chris Martenson

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Storing Food

Everyone should have a minimum of three months' worth of food stored.  It's cheap; it's easy; it's a no-brainer.

Three good reasons for storing food are:

  1. Because it's cheap
  2. Because it's prudent
  3. Because your great-grandparents would yell at you for not doing it

Once upon a time, there was a person in every community whose job it was to ensure that sufficient food stocks existed in their town to carry the people through the winter.  Their job was to travel to all the farms and granaries, total up all the food, divide by the number of people in town, and assess whether the community would be able to make it through the winter.  In fact, it is only very recently that we have lost this function, and today most people think it rather odd to even wonder about food security.

But for all of human history, and even up until about a hundred years ago in the United States, this was not odd at all.  In fact, the reverse—going into winter without ensuring a local store of food sufficient to feed the community—would have been considered incomprehensible.

What Should I Do?: The Basics of Resilience (Part 3 – Storing Food)
by Chris Martenson

Note:  This article is part of a series on personal preparation to help you answer the question, "What should I do?"  Our goal is to provide a safe, rational, relatively comfortable experience for those who are just coming to the realization that it would be prudent to take precautionary steps against an uncertain future.  Those who have already taken these basic steps (and more) are invited to help us improve what is offered here by contributing comments, as this content is meant to be dynamic and improve over time.

Storing Food

Everyone should have a minimum of three months' worth of food stored.  It's cheap; it's easy; it's a no-brainer.

Three good reasons for storing food are:

  1. Because it's cheap
  2. Because it's prudent
  3. Because your great-grandparents would yell at you for not doing it

Once upon a time, there was a person in every community whose job it was to ensure that sufficient food stocks existed in their town to carry the people through the winter.  Their job was to travel to all the farms and granaries, total up all the food, divide by the number of people in town, and assess whether the community would be able to make it through the winter.  In fact, it is only very recently that we have lost this function, and today most people think it rather odd to even wonder about food security.

But for all of human history, and even up until about a hundred years ago in the United States, this was not odd at all.  In fact, the reverse—going into winter without ensuring a local store of food sufficient to feed the community—would have been considered incomprehensible.

by Chris Martenson

 width=Note:  This is the first of a series on personal preparation to help you address the question, “What should I do?”

The copy in this series comes from a book chapter I wrote for The Post Carbon Reader: Managing the 21st Century’s Sustainability Crises (Richard Heinberg and Daniel Lerch, eds.) 

It is being reproduced here with permission.  For other book excerpts, permission to reprint, and purchasing, please visit http://www.postcarbonreader.com.

What Should I Do?: The Basics of Resilience (Part I – Getting Started)
by Chris Martenson

 width=Note:  This is the first of a series on personal preparation to help you address the question, “What should I do?”

The copy in this series comes from a book chapter I wrote for The Post Carbon Reader: Managing the 21st Century’s Sustainability Crises (Richard Heinberg and Daniel Lerch, eds.) 

It is being reproduced here with permission.  For other book excerpts, permission to reprint, and purchasing, please visit http://www.postcarbonreader.com.

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