The Mathematical Reality Is We’re Losing Over 600,000 Jobs a Month That Have Been Hidden From View
May 7th, 2013
The Dow Jones is soaring. The unemployment rate is stable. People are shopping. America is in recovery.
Or is it?
Despite all of the positive spin being put on the global and domestic economic recovery, the truth is that nothing of the sort is actually happening.
Any observant analyst can deduce that 15,000+ stock market values are a result of easy money being pumped into investment banks, who then slam that money straight into markets. The Fed itself is reportedly providing direct liquidity to the system. They can do this forever, so long as our creditors let them. And, until they’re stopped, they’ll continue to convince most Americans that financial markets and the economy have been stabilized.
Underneath all the hoop-la, however, is the reality of the situation.
The latest employment report from the Bureau of Labor and Statistics is a prime example of the shenanigans being played by government statisticians and their media cohorts behind the scenes.
While the official story is that non farm payrolls rose by 165,000 people last month leaving the unemployment rate at 7.5%, the truth is that the devil is in the details:
Now for the bad news.