REAL Unemployment Almost 40-Percent
The White House, Treasury Department and the Federal Reserve must be living in a bubble because they keep telling us that everything’s great… unemployment is down, jobs are up, the market is up…
The problem is – they are lying about the REAL numbers and have been manipulating them in an attempt to fool the sheeple…
Reported in the Washington Examiner, an influential Wall Street advisor David John Marotta sent in a memo to clients, that he calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
The figures from the government are a fraud.
Marotta quoted as saying…
(who recently advised those worried about an imploding economy, to get a gun)
…said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.
“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.
“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. 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.”
“officially-reported unemployment numbers decrease when enough time passes to discourage the unemployed from looking for work. A decrease is not necessarily beneficial; an increase is clearly detrimental.”
The Misery Index is a calculation based in inflation and unemployment. Marotta said that the Index doesn’t properly calculate how Uncle Sam is propping up the economy with bond purchases and other actions.
He said “These tricks, along with a host of other dubious accounting schemes, under-report inflation by about 3 percent,” adding that the official inflation rate is just 1.24 percent.
“Today, the Misery Index would be 7.54 using official numbers,”. But if calculations tabulating the full national unemployment including discouraged workers, which is 10.2 percent, and the historical method of calculating inflation, which is now 4.5 percent, the current misery index is closer to 14.7, worse even than during the Ford administration.
So the next time that your gut tells you something’s wrong when you hear someone in the lame-stream mainstream media trying to tell you that the economy is great while parroting the fraudulent supposedly ‘real’ numbers from the government — don’t fall for it.
They’re full of $hit.
Regarding the economy as it relates to those who are preppers or preparedness-minded, some of the actions that you can take include…
Prepare for a worsening economy – perhaps one which will entirely collapse.
Eliminate debt as best you can. Be indebted to no one – especially a bank.
Reduce your expenses and turn a personal budget deficit to a surplus each week and month.
Use surplus cash to purchase a supply of food storage to feed you and your family for at least 3-months. Longer if you are able.
Purchase tangible assets and supplies which favor or lend a hand towards being more self-sufficient in your lifestyle.
Learn skills which apply towards self-sufficiency and/or practicality.
Become less dependent on others and systems of distribution and supply which bring you life-sustaining goods.
Prepare for life after you or your spouse loses your job – just in case.
Don’t depend on two salaries to keep your household afloat. Make changes where necessary.
Prepare for worsening crime. Desperate people do desperate things.
Read this blog and others to learn more about what you can do to be better prepared.