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Tag Archives: bureau of labor statistics
Peter Schiff: “Mission Accomplished”
Peter Schiff: “Mission Accomplished” Mission Accomplished On May 1, 2003 on the flight deck of the USS Abraham Lincoln then President George W. Bush, after becoming the first U.S. president to land on an aircraft carrier in a fixed wing aircraft (in a dashing olive drab flight suit), declared underneath an enormous “Mission Accomplished” banner that “major […]
Why This Feels Like a Depression for Most People
Why This Feels Like a Depression for Most People “And the little screaming fact that sounds through all history: repression works only to strengthen and knit the repressed.” – John Steinbeck, The Grapes of Wrath Everyone has seen the pictures of the unemployed waiting in soup lines during the Great Depression. When you try to tell a […]
Failure to Launch
Failure to Launch The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy hasn’t built up any noticeable steam, and […]
The Shocking Reality: This Chart Shows Just How Bad Unemployment Is Today Compared to The Great Depression
The Shocking Reality: This Chart Shows Just How Bad Unemployment Is Today Compared to The Great Depression (Desperate Americans stand in soup kitchen lines and look for work. Circa 1929) While the Obama administration and their mainstream surrogates maintain that the economy is growing at a booming pace, the reality of the situation is starkly different. […]
Lies, Damned Lies, and Statistics
Lies, Damned Lies, and Statistics The government released their monthly CPI report this week. Even though it came in at an annualized rate of 3.6%, they and their mouthpieces in the corporate mainstream media dutifully downplayed the uptrend. They can’t let the plebs know the truth. That might upend their economic recovery storyline and put […]
A Tale Of Two Graphs——Why Bubble Finance Will Fail
A Tale Of Two Graphs——Why Bubble Finance Will Fail On Friday the BLS reported, among other things, that full-time employment in April had dropped by 252,000 from the prior month and that the weekly earnings of production workers had risen by the grand sum of 67 cents (0.1%) before inflation and taxes. But why should still another confirmation that […]
Economic Disinformation Keeps Financial Markets Up
Economic Disinformation Keeps Financial Markets Up Today’s payroll jobs report is more of the same. The Bureau of Labor Statistics claims that 223,000 new jobs were created in April. Let’s accept the claim and see where the jobs are. Specialty trade contractors are credited with 41,000 jobs equally split between residential and nonresidential. I believe […]
TRUTH – THE CURE FOR COGNITIVE DISSONANCE
TRUTH – THE CURE FOR COGNITIVE DISSONANCE “In a time of deceit telling the truth is a revolutionary act.” ― George Orwell Every time the BLS puts out their monthly propaganda report on the wonderful state of the U.S. jobs market and states with a straight face the unemployment rate is a measly 5.5%, their corporate mouthpieces […]
The American Consumer Will Never Be Back
The American Consumer Will Never Be Back That title may be a bit much, granted, because never is a very long time. I might instead have said “The American Consumer Won’t Be Back For A Very Long Time”. Still, I simply don’t see any time in the future that would see Americans start spending again […]
One Last Look At The Real Economy Before It Implodes – Part 2
One Last Look At The Real Economy Before It Implodes – Part 2 Consumer spending in the U.S. accounts for approximately 70 percent of gross domestic product, though it is important to note that the manner in which “official” GDP is calculated is highly inaccurate. For example, all government money used within the Medicare coverage […]
The Grand Manipulation
The Grand Manipulation Gerald Celente, editor of the Trends Journal, a subscription-based publication for which I write, has permitted King World News to republish my most recent article from the Trends Journal. This makes the article available to you from a free site. In place of me writing yet another expose of the non-existent jobs reported today […]
