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Thursday, January 6, 2011

Hiding A Depression: How The US Government Does It


Daniel Amerman begins this article as follows:

The real US unemployment rate is not 9.8% but between 25% and 30%.  That is a depression level of job losses - so why doesn't it look like a depression for many people?  How can so large of a statistical discrepancy exist, and how is it that holiday shopping malls are so crowded in a depression?
The true devastation is hidden by essentially placing the job losses inside three different "boxes":  the official unemployment box, the true full unemployment box, and most importantly, the staggering and persistent private sector job loss box that has been temporarily covered over by a fantastic level of governmental deficit spending.  The "recovering and out of the recession" cover story is only plausible when nobody connects the dots and adds all the boxes together. 
We will add together the three boxes herein - using US government statistics for all three - and convincingly show that the US economy is in far worse condition than what is presented by the government or by the mainstream media.  No, we have not emerged from "recession" and there will be no "double dip" - because the first "dip" was straight down to a depression-level economy in 2008/2009, and we haven't come back up.
Creating artificial "free money" on a massive scale that artificially boosts short-term employment is how you segment depression level unemployment into the separate boxes and hide what is really happening.  It is this radical strategy that most distinguishes the current downturn from the 1970s and 1930s.  The ultimate source of most of the current "free money" that hides the depression is the government risking the impoverishment of US savers and investors for potentially decades to come, with the worst of the damage concentrated on retirees and Boomers...
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Read the rest.

4 Comments:

Anonymous Anonymous said...

THIS. IS. AMERICA!!!!!!
http://www.youtube.com/watch?v=Kv2oCXbW4r0

Waste no time with errand boys.
Cut the head from the snake, and be free.

January 6, 2011 at 4:21 PM  
Blogger Sean said...

Wonder how them numbskulls in DC figure they can lie to people so much, then figure they'll be forgiven so easily, after they've captained disaster? And if you answer that they don't give a damn, and plan on forging full speed ahead with their socialist depravity, Correctamundo!

January 6, 2011 at 8:16 PM  
Anonymous Defender said...

Video has been removed by the user.

Did I mention here that the journalists and former journalists I used to work with are talking on Facebook about their favorite restaurants, bands, clubs, their pets, dance classes and books, and that's all?
Remember before the tsunami in Thailand? "Look how low the water is! Let's look for shells!"

January 7, 2011 at 5:22 AM  
Anonymous Defender said...

http://chicago.cbslocal.com/2011/01/06/tax-increase-plan-bigger-than-expected/

"You say you want a revolution. We-el, you know..."

January 7, 2011 at 6:35 PM  

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