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Why There Are No Jobs In America
Newsletter | Nov. 18, 2010 | Porter Stansberry

Posted on 12/17/2010 11:13:41 AM PST by econjack

By Porter Stansberry November 18, 2010

I'd like to make you a business offer.

Seriously. This is a real offer. In fact, you really can't turn me down, as you'll come to understand in a moment...

Here's the deal. You're going to start a business or expand the one you've got now. It doesn't really matter what you do or what you're going to do. I'll partner with you no matter what business you're in - as long as it's legal.

But I can't give you any capital - you have to come up with that on your own. I won't give you any labor - that's definitely up to you. What I will do, however, is demand you follow all sorts of rules about what products and services you can offer, how much (and how often) you pay your employees, and where and when you're allowed to operate your business. That's my role in the affair: to tell you what to do.

Now in return for my rules, I'm going to take roughly half of whatever you make in the business each year. Half seems fair, doesn't it? I think so. Of course, that's half of your profits.

You're also going to have to pay me about 12% of whatever you decide to pay your employees because you've got to cover my expenses for promulgating all of the rules about whom you can employ, when, where, and how. Come on, you're my partner. It's only "fair."

Now... after you've put your hard-earned savings at risk to start this business, and after you've worked hard at it for a few decades (paying me my 50% or a bit more along the way each year), you might decide you'd like to cash out - to finally live the good life.

Whether or not this is "fair" - some people never can afford to retire - is a different argument. As your partner, I'm happy for you to sell whenever you'd like... because our agreement says, if you sell, you have to pay me an additional 20% of whatever the capitalized value of the business is at that time.

I know... I know... you put up all the original capital. You took all the risks. You put in all of the labor. That's all true. But I've done my part, too. I've collected 50% of the profits each year. And I've always come up with more rules for you to follow each year. Therefore, I deserve another, final 20% slice of the business.

Oh... and one more thing...

Even after you've sold the business and paid all of my fees... I'd recommend buying lots of life insurance. You see, even after you've been retired for years, when you die, you'll have to pay me 50% of whatever your estate is worth.

After all, I've got lots of partners and not all of them are as successful as you and your family. We don't think it's "fair" for your kids to have such a big advantage. But if you buy enough life insurance, you can finance this expense for your children.

All in all, if you're a very successful entrepreneur... if you're one of the rare, lucky, and hard-working people who can create a new company, employ lots of people, and satisfy the public... you'll end up paying me more than 75% of your income over your life. Thanks so much.

I'm sure you'll think my offer is reasonable and happily partner with me... but it doesn't really matter how you feel about it because if you ever try to stiff me - or cheat me on any of my fees or rules - I'll break down your door in the middle of the night, threaten you and your family with heavy, automatic weapons, and throw you in jail.

That's how civil society is supposed to work, right? This is America , isn't it?

That's the offer America gives its entrepreneurs. And the idiots in Washington wonder why there are no new jobs...


TOPICS: Culture/Society; Government; Politics/Elections
KEYWORDS: entrepreneurs; government; jobs; mob
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Policians just don't get it.
1 posted on 12/17/2010 11:13:46 AM PST by econjack
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To: econjack

Because libtards are in charge.


2 posted on 12/17/2010 11:16:00 AM PST by jazminerose (o)
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To: econjack

This is a great one that should be printed out and pasted to utility poles all over the land.


3 posted on 12/17/2010 11:17:03 AM PST by Buchal ("Two wings of the same bird of prey . . .")
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To: econjack

There are jobs out there. I get at least one call every other week from a headhunter looking to fill a software QA job.


4 posted on 12/17/2010 11:21:02 AM PST by Peter from Rutland
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To: econjack

excellent article


5 posted on 12/17/2010 11:22:42 AM PST by paul51 (11 September 2001 - Never forget)
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To: Buchal

I keep wondering why I do what I do. If I sold everything and gathered up all my accounts, I could probably do better as a rent seeker, rather than a producer.
The ROI would be greater and I’d have less headaches.


6 posted on 12/17/2010 11:23:45 AM PST by griswold3 (Employment is off-shored, away from govt. regulations, price pressure groups, and liabilities.)
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To: econjack

7 posted on 12/17/2010 11:28:00 AM PST by Species8472 (Hate is a liberal value)
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To: econjack

“Politicians just don’t get it.”

You would sh*t if you realized how many WORKING people don’t understand this, even the guy who “works his ass off for you” for a few years wants to make more than you do. He isn’t there, of course, every night doing the books, checking the marketplace for competitors, looking for weak spots in the market, thinking about how you’re gonna make payroll or spending Sunday getting the computers running right and/or doing “the zombie walk” through Office Depot picking up the crap that you need so everything can keep humming ... or spending three or four hours Sunday night getting ready for the week ahead ... because if you don’t, everything comes to a halt. You’re the boss and you get to profit off the “sweat of his brow.” And he’s always smarter than you.

Who do you think votes in “the Politicians” to get away with this shit? Go Gault, young man, go Gault. It’s the best.


8 posted on 12/17/2010 11:29:27 AM PST by jessduntno (Want US national secrets safe? Store them with Obama's transcripts and birth certificate.)
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To: econjack

Yes politicians do get it. This is by design. They want this to happen. It happened under FDR. This is FDR 2/Mugabe.

You even have idiots on FR bashing LTC Lakin and they are talking about “the law.” What law? There is no law. We have “no standing.”


9 posted on 12/17/2010 11:30:29 AM PST by Frantzie
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To: griswold3

I know, in the bad years you don’t even make near minimum wage, but you’ve supported the government and the bank.

Sometimes I think we’d be better off as part-time Walmart greeters.


10 posted on 12/17/2010 11:33:46 AM PST by tiki
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To: econjack

bump


11 posted on 12/17/2010 11:34:28 AM PST by RightGeek (FUBO and the donkey you rode in on)
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To: econjack

“And oh, by the way, I’d like to introduce you to my junior partner, he’s the one who runs the territory in which you choose to operate. He has a similar deal for you on top of mine.”


12 posted on 12/17/2010 11:36:06 AM PST by NonValueAdded (Palin 2012: don't retreat, just reload)
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To: econjack

Of course, the unemployed are lazy parasites who would rather be on the dole than work.

Just want to be consistent with the Freep attitude.


13 posted on 12/17/2010 11:36:39 AM PST by School of Rational Thought (Need work.)
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To: jessduntno

If I’ve heard this once, I’ve heard it one hundred times for employees, “I do all the work and you/they get all the money.”


14 posted on 12/17/2010 11:37:46 AM PST by tiki
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To: econjack

Question: “Why There Are No Jobs In America”

Answer: We don’t make anything here anymore!


15 posted on 12/17/2010 11:39:02 AM PST by choctaw man (Good ole Andrew Jackson, or You're the Reason God Made Oklahoma...)
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To: econjack

Bookmark.


16 posted on 12/17/2010 11:40:35 AM PST by SuzyQue (Remember to think.)
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To: School of Rational Thought

I think that the FReep attitude came about naturally. When times were good and the economy was booming, there was no reason someone who wasn’t disabled couldn’t work unless they were gaming the system.

You can’t say that now, times are different and willing workers with good skills can’t find jobs.


17 posted on 12/17/2010 11:41:23 AM PST by tiki
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To: econjack
It's going to get so bad, it won't be long until the checks all those are receiving from retirmeent pensions, will just stop coming....

It's coming.

18 posted on 12/17/2010 11:44:55 AM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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To: econjack

The problem with this argument is that it ignores that many other countries are generating jobs, notably Germany.

Many of these countries, again notably Germany, have significantly higher taxes and more barriers to entry than America does.

Obviously the author has hit on part of the reason for our financial problems, but equally obviously there are other factors that explain the financial success of other countries which are an even more difficult environment for businesses.


19 posted on 12/17/2010 11:45:25 AM PST by Sherman Logan
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To: econjack

Did you watch his video?

The end of the world as we know it is right around the corner according to Porter Stansberry

http://www.stansberryresearch.com/pro/1011PSIENDVD/PPSILC38/PR

He has a way of breaking it down that will give you the chills. He warns that other countries are getting together to end the status of the dollar as the reserve currency. Having that status was the only reason we have not yet collapsed.

He talks about the meeting to which we were not invited where countries have begun working together to start a new currency. Coincidentally...

Sidestepping the U.S. Dollar, a Russian Exchange Will Swap Rubles and Renminbi

http://www.nytimes.com/2010/12/15/business/global/15iht-ruble15.html?_r=2

U.S. Corporate Tax Rate the Highest

http://www.cato-at-liberty.org/u-s-corporate-tax-rate-the-highest/


20 posted on 12/17/2010 11:46:30 AM PST by FromLori (FromLori)
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To: econjack

Seems to me you have read it clearly, thank you


21 posted on 12/17/2010 11:46:39 AM PST by munin (Enki did it, George Bush did it)
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To: Frantzie
The law in America is no longer based on statute, rather whim of the hnic, or whomever a nitwit electorate grants momentary authority over an enforcement mechanism.

I like your profile, and want to visit your country.

My wife wants to go to Aruba... again.

22 posted on 12/17/2010 11:47:48 AM PST by mmercier (moving with real purpose)
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To: School of Rational Thought
Of course, the unemployed are lazy parasites who would rather be on the dole than work.

Well sure...Ya see those 25 million out of work, that were working just a few years ago, suddenly became lazy, and decided they no longer wanted to work...

Lazy no-goods!

23 posted on 12/17/2010 11:48:32 AM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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To: tiki

I could probably find a way to live on what a part time Walmart greeter makes.
Being selfEmployed for so long, I suffer from Affluenza.


24 posted on 12/17/2010 11:49:03 AM PST by griswold3 (Employment is off-shored, away from govt. regulations, price pressure groups, and liabilities.)
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To: choctaw man
Answer: We don’t make anything here anymore!

Ya mean 100,000 companies and businesses move to low wage countries like Mexico and Communist China, while flooding the U.S. with 30 million low wage legally aliens didn't work out too well?

What happened to all those people that were telling us this was a good thing?

25 posted on 12/17/2010 11:54:04 AM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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To: Peter from Rutland

True, there are jobs, but not everyone has your skill set.


26 posted on 12/17/2010 11:57:01 AM PST by econjack (Some people are as dumb as soup.)
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To: School of Rational Thought
Yeah...like extending unemployment insurance to 99 weeks is a step in the right direction...come on...
27 posted on 12/17/2010 12:00:32 PM PST by econjack (Some people are as dumb as soup.)
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To: Peter from Rutland

you and me both. calls from Indian slave dealers backing up on my phone..


28 posted on 12/17/2010 12:00:32 PM PST by rahbert
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To: jazminerose

Because employers fear hiring anyone if they are going to become subject to European style mandated benefits, comparable wage laws, massive health care entitlements, layers upon layers of job protection, and forced unionization.


29 posted on 12/17/2010 12:07:53 PM PST by Buckeye McFrog
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To: econjack

Years ago, when I went to start a business, my bean-counter told me to go to the local IRS office and get all the reporting documents and schedules fedzilla would require me to file every quarter and year.

The woman with whom I met dug into her desk drawer and produced a 2” thick pile of forms and “Instruction books” and began to explain the purpose of each and how often it was to be filed.

After 15 minutes — and less than half-way through the pile and shortly after my eyes crossed — I stopped her and asked in my best sarcastic tone — but with a smile on my face, “When do you suppose I might find time to, you know, actually make enough money to report to the IRS?”

Without missing a beat, she replied “That’s not our concern” and resumed thumbing through the last inch of forms.

I guess my case was not unique but it explains...

Why There Are No Jobs In America


30 posted on 12/17/2010 12:09:38 PM PST by Dick Bachert (11/2 was a good start. Onward to '12. U Pubbies be strong or next time we send in the libertarians!)
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To: FromLori

Great post, thanks! I’m about halfway through the video...had to pause for a bit. Very sobering. I didn’t know a number of the facts he presented.


31 posted on 12/17/2010 12:17:32 PM PST by Zarro (Hands off Our Junk!)
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To: Dick Bachert

In a perfect world the government employees would help the business owner. Each business would be assigned a worker who would help them navigate the morass of federal, state, and local red tape. This worker would also be responsible should the business be found to be non-compliance, so no penalties or fees. We have enough workers now to do this, and probably still lay off a whole bunch.


32 posted on 12/17/2010 12:20:11 PM PST by sportutegrl
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To: jazminerose
Because libtards are in charge.

It wasn't a whole lot better 5 years ago when the supposedly conservative Republicans were running the show.

Fact is, the government has become the enemy of a once-free people.

33 posted on 12/17/2010 12:20:39 PM PST by meyer (Hey Obama - It's the end of the world as you know it.... ..... and I feel fine!)
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To: econjack
Yeah...like extending unemployment insurance to 99 weeks is a step in the right direction...come on...

No need to come on. I agree with you. While the original post was about the non existence of jobs and difficulty of starting a business in this climate, those 20 million lazy bastards unemmployed should get a job or just go away.

34 posted on 12/17/2010 12:21:12 PM PST by School of Rational Thought (Need work.)
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To: econjack

And big business supports this as well !


35 posted on 12/17/2010 12:24:13 PM PST by CORedneck
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To: School of Rational Thought
Of course, the unemployed are lazy parasites who would rather be on the dole than work.

Many of them are. But not all. A quick look at each individual's work history will give a clue.

36 posted on 12/17/2010 12:25:33 PM PST by meyer (Hey Obama - It's the end of the world as you know it.... ..... and I feel fine!)
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To: econjack

Chinese money and honeytraps have made many politicians and “think tankers” and advisors into PRC agents.

That cannot be ingnored.


37 posted on 12/17/2010 12:28:04 PM PST by little jeremiah (Courage is not simply one of virtues, but the form of every virtue at the testing point.CSLewis)
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To: School of Rational Thought

Practically nothing is manufactured in the US any more.

Globalism.


38 posted on 12/17/2010 12:28:53 PM PST by little jeremiah (Courage is not simply one of virtues, but the form of every virtue at the testing point.CSLewis)
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To: Dick Bachert

And....I am going to “assume” the IRS will lay off some people to since income revenue drops due to unemployment, and manufacturing and white collar jobs have gone over seas to India and China, and now Viet Nam.


39 posted on 12/17/2010 12:33:22 PM PST by Bullfrogg (American by birth, Irish by heritage, and hellraiser by choice)
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To: meyer
Many of them are. But not all. A quick look at each individual's work history will give a clue.

Agree that many are in normal times when the rate is 5% but it is now double. The tens of millions that are out of work are not just your ghetto queens. You are correct re. the resume. What does a 55 year old white man with multiple degrees and professional certifications do when out on the street. Who hires these people? How interested is Lowes or Walmart in these folks?

40 posted on 12/17/2010 12:35:36 PM PST by School of Rational Thought (Seeking Polly Benedict)
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To: dragnet2

Question: “Why Are There No Jobs In America”

Answer: Globalization


41 posted on 12/17/2010 12:36:38 PM PST by choctaw man (Good ole Andrew Jackson, or You're the Reason God Made Oklahoma...)
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To: choctaw man
Ya mean 100,000 companies and businesses move to low wage countries like Mexico and Communist China, while flooding the U.S. with 30 million low wage legally aliens didn't work out too well?

What happened to all those people that were telling us this was a good thing?

Globalization

Yeah....There used to be several right on this broad, who tried to convince all globalism was good for America...

That worked out really well huh?

42 posted on 12/17/2010 12:39:00 PM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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To: dragnet2

That goofball, Ross Perot, had it right all along, huh?

Ya mean 100,000 companies and businesses move to low wage countries like Mexico and Communist China, while flooding the U.S. with 30 million low wage legally aliens didn’t work out too well? What happened to all those people that were telling us this was a good thing?

Globalization

Yeah....There used to be several right on this broad, who tried to convince all globalism was good for America...

That worked out really well huh?


43 posted on 12/17/2010 12:41:04 PM PST by choctaw man (Good ole Andrew Jackson, or You're the Reason God Made Oklahoma...)
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To: choctaw man
Answer: We don’t make anything here anymore!

Bingo! I don't think we can even make a total weapons system in house.

44 posted on 12/17/2010 12:56:21 PM PST by itsahoot (We the people, allowed Republican leadership to get us here, only God's Grace can get us out.)
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To: dragnet2

I didn’t even touch the broad, I swear!

What is the solution to globalism?


45 posted on 12/17/2010 12:57:57 PM PST by listenhillary (A very simple fix to our dilemma - We need to reward the makers instead of the takers)
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To: choctaw man
The retirement funds/investments for government workers will eventfully dry up due to tens of *millions* being out of work in the private sector...Those millions of government retirement checks will eventually stop coming....I'm actually looking forward to seeing that happen...And it will happen...

Bet the rent...

46 posted on 12/17/2010 1:00:23 PM PST by dragnet2 (Diversion and evasion are tools of deceit.)
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To: Dick Bachert

Precisely why I sold my software company.


47 posted on 12/17/2010 1:28:01 PM PST by econjack (Some people are as dumb as soup.)
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To: meyer

Libtards are libtards, republican or demtard.

The worst republican is still far better than the best demtard.


48 posted on 12/17/2010 1:32:14 PM PST by jazminerose (o)
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To: jazminerose

bfl


49 posted on 12/17/2010 1:48:56 PM PST by Marmolade
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To: Marmolade

I just had lunch with a major contractor in San Diego. He was relating how they are being hit by CARB, AQM, EPA, Osha and the city with inspections, regulations, growing fines.
He was told that all the agencies are stepping up the fines to pay for their existence. The number of jobs are down..so they are concentrating their efforts on those that are working. Plus one of their major jobs in enviromental restoration. Net improvement is zero, but millions is being spend digging up soil in one place and moving it to another for so called “disposal”. Make work, make regulations, make enforcement, make fines..govt makes money.


50 posted on 12/17/2010 2:42:00 PM PST by Oldexpat
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