Phony Jobs, Phony Data, & A Phony Recovery
Graham Summers / Phoenix Capital Research
The big news that has somehow shocked the media is that the BLS was caught fudging the jobs numbers going into the 2012 election.
How on earth is this news? Anyone with a working frontal cortex is aware that CPI, the unemployment numbers, GDP and virtually everything else reported by the Federal Government is massaged to the point of being fraudulent.
Indeed, as far back as JULY 2013, the former head of the BLS stated point blank that real unemployment was around 10%
Keith Hall believes the US economy is a lot sicker than the 7.6 percent unemployment rate would lead you to believe.
And he should know.
Hall was, from 2008 until last year, the guy in charge of Washington’s Bureau of Labor Statistics, the agency that compiles that rate.
“Right now [it’s] misleadingly low,” says Hall, who believes a truer reading of those now wanting a job but without one to be more than 10 percent.
Source: NY Post
Then of course there is inflation. Anyone who actually shops for just aboutanything knows that prices are moving higher. Even if it’s not explicit (an actual price hike) we are paying higher prices through a slew of gimmicks corporations use to maintain margins in the face of rising costs.
Among these are:
- Substituting lower quality ingredients (coffee makers)
- Selling less product for the same price (across the board in food retail)
- Simply not filling a box all the way (how many times have you opened something to find it’s just 75% full?)
contine article at PCR:
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Whistler Blowers, Insiders
Selling less product for the same price (across the board in food retail)
Simply not filling a box all the way (how many times have you opened something to find it’s just 75% full?)
Amen! I’ve noticed this for years and the sheeple just stared at me…baaaaaaaaah baaaaaaah.
I, too have noticed the packaging gimmicks being used for years now. The funniest one recently was the 10 slice cheese that they actually cut the slices in half and are selling at 20 slices. But, the number I am most curious about is the stock market numbers. How can the Fed be pumping $82B a month into the market and then they rave at how high the market numbers are? I would think it should be waaaay higher than what is reflected. Every/any statistic coming out of any/all departments of this corrupt government is false. We are lied to on a daily basis and the LSM perpetuates the lies.