Insider memo reveals US unemployment rate exceeding 37 percent; ‘Misery Index’ worst in 30 years

Wednesday, March 5, 2014
By Paul Martin

by: Ethan A. Huff
Wednesday, March 05, 2014

Nearly everything that the federal government has been saying about unemployment, inflation and the current state of the U.S. economy is a fraud, reveals an insider memo recently generated by a prominent Wall Street advisor. As reported by the Washington Examiner, calculations made using legitimate data show that actual unemployment has now exceeded 37 percent, and that the so-called “Misery Index” (MI) is at the highest level in about 30 years.

This runs completely counter to all those glowing reports coming out of Washington, which would have us all believe that unemployment is low and things are improving. To the contrary, David John Marotta says the unemployment rate is realistically more than 600 percent higher than what the federal government claims. The economy in terms of MI is also the worst that it’s been since the early 1980s when President Reagan took office — MI reached a peak of 20.76 back in 1980, at the tail end of the Carter administration.

“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent,” says Marotta. “This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work.”

The Rest…HERE

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