Ron Paul Bids Farwell to Congress in a Powerful Speech For Liberty
This past Wednesday Congressman Ron Paul of Texas gave his farewell speech to Congress with heavy words of what is needed to revitalize our liberties as men and women for freedom. At the same time the stock market has been contracting throughout the month with many financial analysts speculating a stock market crash, or at the very least a minor market correction. The latter possibility could surpass the 2008 recession market correction where many people lost 30% of their 401k’s and portfolios. With European austerity protests and public disputes over how to handle Greece becoming more volatile, the threat of tax hikes (fiscal cliff) under the Obama administration on dividends and capital gains further strangling the middle class, the question of whether the Fed is actually doing the U.S. a service with QE3? and the recent news that 40 states now have filed for secession from the Union has to make you wonder what has brought us to this point? Ron Paul’s farewell speech reveals the state of the crisis we face pretty clearly.
Ron Paul said this in reference to the liberties our founding fathers warned us of losing.
“After over 100 years we face a society quite different from the one that was intended by the Founders. In many ways their efforts to protect future generations with the Constitution from this danger has failed. Skeptics, at the time the Constitution was written in 1787, warned us of today’s possible outcome. The insidious nature of the erosion of our liberties and the reassurance our great abundance gave us, allowed the process to evolve into the dangerous period in which we now live.”
In regards to the ever burgeoning size of the Federal Government he comments:
Today we face a dependency on government largesse for almost every need. Our liberties are restricted and government operates outside the rule of law, protecting and rewarding those who buy or coerce government into satisfying their demands. Here are a few examples:
- Undeclared wars are commonplace.
- Welfare for the rich and poor is considered an entitlement.
- The economy is overregulated, overtaxed and grossly distorted by a deeply flawed monetary system.
- Debt is growing exponentially.
- The Patriot Act and FISA legislation passed without much debate have resulted in a steady erosion of our 4th Amendment rights.
- Tragically our government engages in preemptive war, otherwise known as aggression, with no complaints from the American people.
- The drone warfare we are pursuing worldwide is destined to end badly for us as the hatred builds for innocent lives lost and the international laws flaunted. Once we are financially weakened and militarily challenged, there will be a lot resentment thrown our way.
- It’s now the law of the land that the military can arrest American citizens, hold them indefinitely, without charges or a trial.
- Rampant hostility toward free trade is supported by a large number in Washington.
- Supporters of sanctions, currency manipulation and WTO trade retaliation, call the true free traders “isolationists.”
- Sanctions are used to punish countries that don’t follow our orders.
- Bailouts and guarantees for all kinds of misbehavior are routine.
- Central economic planning through monetary policy, regulations and legislative mandates has been an acceptable policy.
Washington Institute For New East Policy Suggest how to Instigate a War With Iran
The interesting aspect about this discussion by the Washington Institute For New East Policy, a Neocon (Globalist) think-tank, is that its primary
purpose is not necessarily to debate the current political elements of the Iranian question. They aren’t contemplating the viability, or morality of a war with Iran. Instead, they are attempting to devise strategies by which the government could convince the American public and the world that a war with Iran is the “right thing to do”, even if it means fabricating their own justification.
Think tanks like this not only construct policy framework, but they also write the subversive talking points used in the mainstream media that manipulate the masses into acceptance of that framework. In the video above, there is no suggestion that Iran would be left alone if the will of the public leans away from conflict. Instead, Patrick Clawson ,who works frequently with the Council On Foreign Relations openly suggests that a Gulf Of Tonkin style event be engineered (he uses the phrase “covert means”) in order to force a war into being.
Isaac breaches the Levees in Plaquemines Parish
As of 4:55 am CDT 10-12 ft of water was in homes in Plaquemines Parish, WRNO radio has reported at 3:15 am CDT that a levee had been breached in a south parish in
New Orleans as Isaac takes direct aim on southeast Louisiana. Plaquemines Parish has had a levee breach at 3:33 am CDT . The breach was confirmed by Homeland Security at 3:51 am CDT. A breach means the levee is being over-topped.
Isaac is turning out to be a more a significant storm than originally expected as the region observes the 7-year anniversary of Hurricane Katrina.
Power companies were reporting more than 500,000 without power across the southeastern Louisiana and southern Mississippi.
Mayor Landrieu says 70% of New Orleans was without power as of early Wednesday.
The National Weather Service has reported severe wind gusts of 60 to 70 mph since late Tuesday across the area with numerous trees and power lines down. Some isolated locations have reported wind gusts over 100 mph.
Plaquemines Parish President Billy Nungesser said part of the roof of his home on the parish’s west bank had blown off. He described wind-driven rain entering his home as “like standing in a light socket with a fire hose turned on.”
Officials said an 18-mile stretch of levees on the east side of Plaquemines Parish was over topped by storm surge.
Meanwhile, on the Mississippi coast, dozens of roads were closed or impassable due to storm surge flooding and heavy rainfall. Trees and power lines were also reported down across roads.
Highway 90 from Gulfport to Biloxi was reported to be experiencing significant flooding, with up to two feet of water reaching the doors of the Hard Rock Casino early Wednesday.
A significant storm surge of 11 feet was reported at Shell Beach, La, late Tuesday while a surge of 6.9 feet was reported in Waveland, Miss., the NHC reported.
Fire officials reported they were unable to get to a home that burned to the ground amid storm surge flooding in the Bay St. Louis area Tuesday evening.
Isaac came ashore Tuesday night near the mouth of the Mississippi River, then went nearly stationary back out over the coastal waters for several hours before making a second landfall in Grand Isle.
Heat, Fires and a Summer for Weather Records to be Broken
The heat gripping the United States in a seemingly never ending fashion eased a bit this past Saturday as a cold front came through along the eastern half of the country .This has given a slight respite from the horrendous triple digit heat there. It’s a marginal silver lining, but at least temp’s will be in the low to mid 90’s in the eastern United States. Temperatures will begin to creep past the 100 degree mark in the Western states in cities like Salt Lake City, Utah by Wednesday in response to a developing high pressure over the Rockies.
Out west high pressure will continue to build in further over the week pushing the jet stream northward into southwestern Canada, allowing the heat to advance north as well. The unbearable conditions from the heat wave have unfortunately claimed 74 lives across the U.S. since it began just two weeks ago.
The hot spell caused highways to buckle in Illinois and Wisconsin, officials said. In Maryland, investigators said heat likely caused rails to kink and led a commuter train to partially derail Friday. No one was injured. Many states in the Midwest have not seen heat like this since the Dust Bowl of 1936. According to the National Oceanic and Atmospheric Association 2012 has broken well over 40,000 daily heat records nationwide. It was the countries hottest July 4th since recording began. Agriculture like corn and soy crops are being heavily damaged from the pressure cooking heat. Severe thunderstorms blew through over a week ago knocking out power to millions in the eastern part of the U.S. . This has only added insult to injury from the already sweltering summer.
In lakes and rivers across parched areas of the U.S., heat and lower water levels are reducing oxygen levels thereby killing fish populations by the thousands. When water becomes hypoxic or lacks oxygen these large water animal die offs can occur. Wildfires continue to burn across the western United States, including wildfires in Colorado and the Fontenelle Fire in Wyoming.
NASA says the fires have a warming effect on the atmosphere due to the increased emission of aerosols, which are suspended solid or liquid particles in the air. These particles can absorb more radiation from the sun hence causing hotter weather and poorer air quality in the form of smog. Children and the elderly are the most susceptible to these adverse weather events. Make sure to drink plenty of fluids and wear sunscreen when venturing outside.
Senior Scientist in the Climate Analysis Section at the National Center for Atmospheric Research, Dr. Kevin Trenberth talked with Judy Woodruff on PBS about the unusual warmth across North America.
Remembering the 4th of July and What it Stood For
By: Ryan Matthew Dernick
Today when you are leisurely out enjoying the fireworks with family or friends remember this day was achieved through the blood sweat and tears by our American forefathers. Their hope was to draft a Declaration of Independence that would free them from the oppressive tyrannical nature of the British Empire. Tyranny now can be epitomized by the deleterious nature of the global banking system and its threat to not just our sovereign-ties but the entire economic freedoms of the world. From austerity measures overseas, to quantitative easing in the United States, the banks got us vaulted. I leave you with The Declaration of Independence July 4,1776 from the the U.S. Government Archives. This is a blueprint for any country or peoples who feel the ugly hand of tyranny upon them.
IN CONGRESS, July 4, 1776.
The unanimous Declaration of the thirteen united States of America,
When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.–Such has been the patient sufferance of these Colonies; and such is now the necessity which constrains them to alter their former Systems of Government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute Tyranny over these States. To prove this, let Facts be submitted to a candid world.
He has refused his Assent to Laws, the most wholesome and necessary for the public good.
He has forbidden his Governors to pass Laws of immediate and pressing importance, unless suspended in their operation till his Assent should be obtained; and when so suspended, he has utterly neglected to attend to them.
He has refused to pass other Laws for the accommodation of large districts of people, unless those people would relinquish the right of Representation in the Legislature, a right inestimable to them and formidable to tyrants only.
He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public Records, for the sole purpose of fatiguing them into compliance with his measures.
He has dissolved Representative Houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.
He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the Legislative powers, incapable of Annihilation, have returned to the People at large for their exercise; the State remaining in the mean time exposed to all the dangers of invasion from without, and convulsions within.
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners; refusing to pass others to encourage their migrations hither, and raising the conditions of new Appropriations of Lands.
He has obstructed the Administration of Justice, by refusing his Assent to Laws for establishing Judiciary powers.
He has made Judges dependent on his Will alone, for the tenure of their offices, and the amount and payment of their salaries.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
He has kept among us, in times of peace, Standing Armies without the Consent of our legislatures.
He has affected to render the Military independent of and superior to the Civil power.
He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his Assent to their Acts of pretended Legislation:
For Quartering large bodies of armed troops among us:
For protecting them, by a mock Trial, from punishment for any Murders which they should commit on the Inhabitants of these States:
For cutting off our Trade with all parts of the world:
For imposing Taxes on us without our Consent:
For depriving us in many cases, of the benefits of Trial by Jury:
For transporting us beyond Seas to be tried for pretended offences
For abolishing the free System of English Laws in a neighbouring Province, establishing therein an Arbitrary government, and enlarging its Boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule into these Colonies:
For taking away our Charters, abolishing our most valuable Laws, and altering fundamentally the Forms of our Governments:
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.
He has abdicated Government here, by declaring us out of his Protection and waging War against us.
He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people.
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny, already begun with circumstances of Cruelty & perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the Head of a civilized nation.
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country, to become the executioners of their friends and Brethren, or to fall themselves by their Hands.
He has excited domestic insurrections amongst us, and has endeavoured to bring on the inhabitants of our frontiers, the merciless Indian Savages, whose known rule of warfare, is an undistinguished destruction of all ages, sexes and conditions.
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury. A Prince whose character is thus marked by every act which may define a Tyrant, is unfit to be the ruler of a free people.
Nor have We been wanting in attentions to our Brittish brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.
We, therefore, the Representatives of the united States of America, in General Congress, Assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the Name, and by Authority of the good People of these Colonies, solemnly publish and declare, That these United Colonies are, and of Right ought to be Free and Independent States; that they are Absolved from all Allegiance to the British Crown, and that all political connection between them and the State of Great Britain, is and ought to be totally dissolved; and that as Free and Independent States, they have full Power to levy War, conclude Peace, contract Alliances, establish Commerce, and to do all other Acts and Things which Independent States may of right do. And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.
The 56 signatures on the Declaration appear in the positions indicated:
Thomas Heyward, Jr.
Thomas Lynch, Jr.
Charles Carroll of Carrollton
Richard Henry Lee
Thomas Nelson, Jr.
Francis Lightfoot Lee
Robert Treat Paine
Can The Eurozone Weather the Financial Storm?
By Ryan Matthew Dernick
As the Eurozone continues to teeter at the edge of the precipice of an artificialized debt cliff, one can only wonder if the 100billion dollar
bailout that Spain just received actually will help them. Spain now joins Greece, Ireland and Portugal as the fourth EU country to ask for a bailout. So far, the EU and IMF have doled out over 500 billion euros to shore up debt-stricken member states.
Will the systemic present state of the Eurozone improve? So far it doesn’t seem promising, because June is the fifth consecutive month activity across the 17-nation bloc has declined, dragging down heavyweights Germany and France and likely increasing calls for the European Central Bank to take action to support the economy. Collapsing banks are not the worry in Germany but inflation of currency could hit Angela Merkel’s country moving German’s to invest in real estate.
In Europe’s most economically stricken countries, people are taking their money out of their banks as a way to protect their savings from the continent’s growing financial turmoil. Concerned that their savings could be devalued by a Bank Holiday, or that banks are on the verge of collapse and that governments cannot make good on deposit insurance, people in Greece, Spain and beyond are taking their money out of the Banks by the billions.
The looming fears of Greece exiting from the euro zone relaxed after pro-bailout parties loyal to the banks took weekend elections, though risks are increasing with Spain, the euro zone’s fourth-largest economy, will need a full blown international rescue.
An unfolding two-and-a-half year old crisis has slowed the global economy, and world leaders meeting in Mexico pressed on the euro zone to move towards a fiscal and banking union to fix the crisis that now threatens to overtake Spain.
In Europe, the United States and elsewhere we need to break the walls of ignorance and liberate “We the People” from a selfishly myopic selected few. Is it the purported Too Big to Go to Jail or is it Too Big to Fail? Similar to the ratcheting up of proposed austerity measures through bailouts in the Eurozone.
Lets not forget Jon Corzine White House Economic Adviser, former Governor of New Jersey and CEO of once M.F. Global a sub investment banking company of Jamie Dimon‘s JP Morgan. Corzine lost 1.4 billion dollars of peoples money from their segregated accounts late last year then Dimon lost almost 3 billion recently this year when the credit markets were supposedly stable. Both were met with questioning but nothing resulted from any questioning.
It would be economically prudent to reinstate The Glass Steagall Act here in the U.S., which was put in place by Franklin Delano Roosevelt after the last Great Depression in the early 20th Century to stop banks from insider trading via derivatives but was then reversed by the Clinton Administration in 1999 prior to the 2008 onset of the present recession. Is this irony or another global corporate takeover? This is not a partisan issue, or a national issue but a global issue that traverses any and all political ideologies. There needs to be more transparency on behalf of the international banking community and actual consequences for malfeasant banking practices.
Edward Bernays The Architect of Social Psycho Manipulation
By: Ryan Matthew Dernick
Adam Curtis‘ acclaimed series examines the rise of the all-consuming self against the backdrop of the Freud dynasty.
“The Century of the Self”, reveals the intricacies of psycho-manipulative social engineering through propaganda. Propaganda is a type of communication which is aimed at influencing a community toward a cause. Media utilizes propaganda by constantly dispersing certain information over a wide spectrum of mainstream media outlets (e.g.:ABC, CBS, NBC, CNN and Fox News) or more recently internet social networks (e.g:Facebook and Twitter) to sequester the desired attitudes from it.
“It”, or the emotional cue contemporarily may be like the succinctly charged statement ” War on Terror” which evokes conditioned visions of 9/11. Or more recently the foiled underwear bomber. These reminders consistently played over time through all strata of media fearfully allow us to give away our 4th and 5th Amendment liberties away for invasive T.S.A. (Transportation Safety Administration) naked body scanners and pat downs at airports.
The Century of the Self tells the untold and sometimes controversial story of the growth of the mass-consumer society in Britain and the United States. How was the all-consuming self created, by whom, and in whose interests?
The Freud dynasty is at the heart of this compelling social history. Sigmund Freud, founder of psychoanalysis; Edward Bernays, who invented public relations; Anna Freud, Sigmund‘s devoted daughter; and present-day PR guru and Sigmund’s great grandson, Matthew Freud.
Sigmund Freud’s work into the bubbling and murky world of the subconscious changed the world. By introducing a technique to probe the unconscious mind, Freud provided useful tools for understanding the secret desires of the masses. Unwittingly, his work served as the precursor to a world full of political spin doctors, marketing moguls, and society’s belief that the pursuit of satisfaction and happiness is humanity’s ultimate goal.
Bernays was one of the main architects of the modern techniques of mass-consumer persuasion, using every trick in the book, from celebrity endorsement and outrageous PR stunts, to eroticising the motorcar.
His most notorious coup was breaking the taboo on women smoking by persuading them that cigarettes were a symbol of independence and freedom. But Bernays was convinced that this was more than just a way of selling consumer goods. It was a new political idea of how to control the masses. By satisfying the inner irrational desires that his uncle Freud had identified, people could be made happy and thus docile.
2012 Atlantic Hurricane Season Gets a Head Start So Should You
By: Ryan Matthew Dernick
June 1st through November 30th is the official beginning of the 2012 Atlantic Hurricane Season. This season has no inclination to adhere to climatology as it began back in May 19 with Tropical Storm Alberto forming that Saturday afternoon off the South Carolina coast. Not since 1908 has there been a storm that early before the season officially began on June 1st .There after we dealt with Tropical Storm Beryl that marked the third time on record, that two tropical cyclones reached tropical storm strength during May before the beginning of Atlantic Hurricane Season.
The Saffir-Simpson Scale shown below is a categorization of tropical cyclones based on their wind speeds, barometric pressures and storm surges in feet. This helps forecasters inform the public in a warned area of the level of the tropical weather threat. Keep in mind even a weak tropical system can unleash tremendous amounts of rain leading to loss of life or damage to property. If a Tropical Storm or Hurricane Watch is issued that means that inclement conditions are expected in the watch are within 48 hours. If a Tropical Storm or Hurricane Warning is issued that implies that preparations should rushed to completion as adverse weather conditions are anticipated within 24 hours or less.
The National Oceanic and Atmospheric Association Forecast calls for 70 percent chance of nine to 15 named storms (with top winds of 39 mph or higher), of which four to eight will strengthen to a hurricane (with top winds of 74 mph or higher) and of those one to three will become major hurricanes (with top winds of 111 mph or higher, ranking Category 3, 4 or 5). Based on the period 1981-2010, an average season produces 12 named storms with six hurricanes, including three major hurricanes.
As far as early Tropical Atlantic Cyclones go, Tropical Storm Beryl was the most intense preseason storm to impact the U.S. directly on record. Beryl began as a fledgling low pressure system near the coast of South East Florida, off of Miami on May 23,2012. At Miami Beach there were wind gusts reported to near gale force (39-54mph) as it moved Northeast. On May 26,2012 as the system continued to move Northeast along the S.E. United States coastline it was classified as Subtropical Storm Beryl.
While Beryl continued to crawl off of the Carolina-Georgia-North Florida coast it began to enter a more hospitable environment conducive to further development with warmer sea surface temperatures and less wind shear aloft. Vertical wind shear has an inhibiting effect on tropical cyclones as it tends to dislocate the thunderstorms from the low level center blowing them off and not allowing the storm to organize or deepen further.
At 11pm EDT on May 27, 2012 Beryl transitioned from a subtropical system to a fully tropical system only 120 miles off of the North Florida Coast. On Sunday May 28 strong tropical storm Beryl came ashore near Jacksonville Beach, Florida with peak sustained winds at the time of landfall of 70mph. There was a peak wind gust recorded that evening at 73 mph in the northern part of Jacksonville Beach in Mayport.
With both Alberto and Beryl forming close to the Southeast coastline of the United States it portends that many of the systems of the 2012 Atlantic Hurricane Season will form similarly. The areas to watch for a direct impact this year will be in the Caribbean to Florida into the Northern Gulf Coast. The next name on the 2012 Atlantic Hurricane List is Chris which weather models are hinting may come out of the disturbed weather in the Northwest Caribbean and the Gulf of Mexico over the next two weeks.
Make sure to monitor the latest tropical weather forecasts or news and be prepared before the storm is at your door. Have a Hurricane Preparedness plan in place for you and your family. The up two week supply of essentials are Canned Foods, Bottled Water, Weather Radio, Batteries, First Aid Kit, Multivitamins, Sunscreen,Extra Cash from ATM’s, Bug Repellant, Flashlights, Other non-perishable food items, extra gas for generators or vehicles as gas stations will not work after a storm passes due to power outages.
Greece In The Grips of Economic Depression
By: Ryan Matthew Dernick
The suicide rate in Greece jumped 40% year-on-year in first five months of 2011. Dually the number of young people without a job outnumbered those with one.
This past Wednesday a 77-year-old man took his own life in the busy Syntagma Square in central Athens, the scene of several violent clashes between anti-austerity protesters and the police in recent months. Nearly one thousand people gathered for another rally Thursday in Syntagma Square, which was largely peaceful apart from a few scuffles between small groups of protesters, Athens police said.
Retired pharmacist Dimitris Christoulas shot himself with a handgun amid the morning rush hour, in what was apparently a protest over the financial crisis gripping the nation.
This is not just regional to Greece but Geo-economically systemic as many other European Countries own Greek Debt like Austria, Belgium, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, United Kingdom. Elsewhere in the world Australia, Canada, Chile, India, Japan, United States, Chinese Taipei, Singapore also own Greeks toxic debts sold through derivatives or credit default swaps by the IMF World Bank along with JP Morgan and Goldman Sachs.
With ever-growing unemployment, scarcer and fewer jobs available an Economic Depression has now thoroughly entrenched the Grecian people.
Economist Max Keiser of the “Keiser Report” met with Steve Forbes of Forbes Magazine last June 2011 in an International Chamber of Commerce meeting while in Greece. Steve Forbes reportedly said to Keiser, “this is an amazing opportunity we are going to buy the airport and other properties for pennies on dollar.”
Greece’s economy is estimated to have shrunk by a about a fifth since 2008, when it plunged into its deepest and longest post-war recession. About 600,000 jobs, more than one in ten, have been destroyed in the process. A record 1,033,507 people were without work in December, 41 percent more than in the same month last year. The number in work dropped to a record low of 3,899,319, down 7.9 percent year-on-year.
“Despite some emergency government measures to boost employment in early 2012, it is hard to see how the upward unemployment trend can be stabilized in the first half of the year,” said Nikos Magginas, an economist at National Bank of Greece.
Pressured by its international backers under the terms of a planned European Union/International Monetary Fund bailout, the country’s second since 2010, Greece last month slashed its minimum monthly wage by about a fifth to about 580 euros ($760), gross, to encourage job growth.