Monday, June 29, 2015

Beyond sad: The real unemployment rate was 42.9%, not 5.5%!

David Stockman looks at 5.5% unemployment:
At the present time, there are 210 million adult Americans between the ages of 16 and 68—to take a plausible measure of the potential work force. That amounts to 420 billion potential labor hours, if we accept the convention that all adults are at least theoretically capable of holding a full-time job (2,000 hours/year) and pulling their share of society’s need for production and work effort.
By contrast, during 2014 only 240 billion hours were actually supplied to the US economy, according to the BLS estimates. Technically, therefore, there were 180 billion unemployed labor hours, meaning that the real unemployment rate was 42.9%, not 5.5%!…
The War On The Poor
The war on the poor is a multi-faceted front with lies coming from every government mouthpiece you can find littered everywhere on the internet, in the MSM (Main Stream Media), and even on many so called “Alternative News Sites”, but before I delve into this article, let me explain something very clearly to you.  Money is not what you think it is, it’s a slave collar, and it is the greatest illusion the wealthy use to keep everyone working hard for something they utterly control, it is debt, and the wealthy never intend to pay for those debts, if you don’t believe me just wait till the markets & banks collapse.

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