Things We Must Ponder Before The Dollar Collapses By Design

Sunday, September 30, 2012
By Paul Martin

VidRebel.com
September 28, 2012

The real US unemployment rate is 25% if you use the same formula the Bureau of Labor Statistics used long ago in 1980. This is according to Dr John Williams of Shadow Stats.

The real US inflation rate is 10%. This is also according to Dr John Williams.

The Misery Index was created by Arthur Okun, an economic advisor to President Lyndon Johnson. The Misery Index is calculated by adding together the unemployment and inflation rates. The previous high was 21.9% in June of 1980. It is now 35%. I leave it to you to estimate how many months it will take the US Misery Index to reach 50% and then 100%. I am on record as saying that the US Misery Index will hit 100% before April.

The US 30 year Treasury bond yield is 2.81%. I leave it to you to calculate how much you would lose every year for 30 years even if Ben Bernanke could hold inflation to the current 10%. This should tell us why Ben Bernanke is just about the only one in the world silly enough to buy long term Treasury bonds and hold them.

Only 51% of last year’s college graduates have found fulltime jobs and their average wage was $12.27 an hour before taxes. Student debt in America is now over one trillion dollars. A ten year $25,000 loan at 10% will only burden those young people making $12.27 an hour before taxes with 120 monthly payments of $330.38.

Ben Bernanke loaned 7.7 trillion dollars at 0.01% to his very best friends in the Big To Fail Banks. Contrast this with a recent college graduate with a typical credit card debt of $3,500. Usually an initial credit card offer of 9.9% inevitably becomes 29.9%. A ten year $3,500 loan at 29.9% will require only 120 monthly payments of $92.24. Hint: If you add $92.24 to $330.38, you will understand why so many recent college graduates making $12.27 an hour before taxes cannot be expected to make their $422.62 in monthly payments.

The Rest…HERE

Leave a Reply