Ron Paul
Last week, supporters of the current administration rejoiced over job numbers released by the Bureau of Labor and Statistics (BLS). For the first time since the administration came to power, the official unemployment number fell below 8%. Keynesian cheerleaders all claimed the numbers meant we are surely on the road to economic recovery, just in time for Christmas, and also, the election. Others saw through this ruse.
The situation on the ground looks nothing like a recovery. 23 million people are still out of work or chronically underemployed. This number is expected to rise dramatically next year. The situation in Washington should not give anyone cause for optimism. Politicians refuse to look honestly and intelligently at the cause of our economic malaise, and so real solutions are not taken seriously or acted upon. It is much easier and less painful to simply recalculate the numbers and redefine the terms until a rosier picture is presented. There is only blind hope that at some point, for some reason, things might change. But nothing will change for the better if we only stay the course.
The truth is the long term solutions to our economic quagmire involve some short term pain. Re-evaluating the economic role of an institution as insidious and behemoth as the Federal Reserve will inconvenience some people, and those people happen to have a lot of power. Similarly, the idea of ending government programs and closing down superfluous departments will always upset someone because it means someone will stop getting a government check.
No one wants to upset the apple cart, even if all the apples are rotten.
Not all of the unemployed are counted in the BLS unemployment numbers. This is no secret. In 1994 government statisticians came up with the term “discouraged worker” to remove entire swaths of people from the unemployment statistic. Now all the government has to do to improve the unemployment numbers is discourage people from looking for a job.
Far more unintended consequences are created in Washington than jobs.
Ideally, the business sector should be able to depend on sound numbers from the BLS, but smart business leaders know that trust in these numbers leads to bad decisions and failure. In regards to the recent jobs numbers, investor Jim Rogers recently stated “I have learned not to take advice from the government, especially the US government, which frequently misleads its citizens.” He also noted the election just around the corner, suggesting timing as an extra incentive to keep fudging the statistics.
The real drivers of the productive economy can’t afford to take risks based on false numbers. This is why economist John Williams created Shadow Government Statistics, utilizing more traditional methodologies and definitions to show business decision makers the real economic picture, warts and all. He shows the real unemployment rate to be a staggering 22.8%.
This is a difficult figure to accept as the actual truth. Perhaps if the politicians did, the people would finally demand real change and real solutions. Perhaps they would consider that all of the so-called stimulus spending, quantitative easing and mountains of regulation from Washington has only crippled the economy. Perhaps people would come to understand that fewer checks handed out from the public sector would mean more checks available in the private sector, and a return to real prosperity instead of just the appearance of it.
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Maybe they will become philosophers like Plato just like in USSR, soon they will be handing out the free vodka to all comrades.
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Face it!.every thing the American ppl have pioneer the Jews have engineer into they extraction. The ppl will pioneer the welfare system by becoming 90% support.this will free up the time from labor on citizen,making them agents and merchant to world order.The IMF will adjust they books to print 80 trillion dollar to buy nation currency under exchange rates and sustainable development program. The American ppl will be sustain with welfare but they must develop the rest of the world in to USA..
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One person hates to hear the truth!
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47 million getting food stamps makes sense!
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Wow…can’t believe there is this many mindless people in who will jump on a bandwagon given the change. PEOPLE open your eyes and look at into this for yourself. There is no proof at all given in this video that the unemployment rate is 22.8 percent, no statistics, data or anything besides a random quote from some guy you probably don’t know. Just even ask yourself or your neighbors. How many people do you really know without jobs, it certainly isn’t 1/4th.
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Justice is at your back door REAL Terrorists!!!
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Justice is at your back door REAL Terrorists!!
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I left last month!
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The only people who are unemployed are the people who aren’t looking for work or creating their own job. There are countless needs to be satisfied, but not enough people with the gumption to get off their ass and make their own way. You may not make enough to start, but if you never give up, you will not fail. It is that simple.
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Your choice, I believe lies cannot be sustained much further, hence a return to logic is eminent.
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like me
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Derp
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0 dislikes. that’s how it should be.
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Because he’s been right about…everything that’s happened over the past 30 years?
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The 22.8% number is probably the percentage of unemployable losers in this country. Can’t blame anyone for those figures, except maybe the system itself, which I suppose is what Ron is doing in an indirect manner by focusing on the Fed. The problem is that we pander to too many losers.
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Madness according to Einstein: Repeating the same thing over and over, expecting different results.
MAdness according to me: Not voting Ron Paul, and vote for either Obama or Mitt romney.
I mean What the fuck is wrong with the world? are people really THAT fucking dumb?
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Because he would have never been included in debates.
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have faith, we have heroes like dr paul
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You’re right mr. paul.
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this guy belongs in a fucking mental asylum
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You MUST be talking about Mitt the Madman.
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+ 22.8% ^
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I agree with Ron Paul and jimmy Rogers
and with shadow stats
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Wow. It is near the official Greece number, which is likely understated but still, wow.
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Wow… What a number.
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Ron Paul is the only one I trust.
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Nothing to see here then- move along
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Lol, this just happens to be the first video you ever watch and comment on? This kind of shit is getting more and more obvious
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you can acquire the information under the freedom of information act.
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without a link to the source of the “Shadow Government Statistics” and a detailed documentation of how they got to 22.8% this number is hardly to be taken serious. At least the BLS makes his methods public.
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Finally a believable number!
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In regard to my previous comment, here is the actual data: goo . gl slash
0HbSb
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American journalists mocked Hitler after his statement that 99% of the USA banks were owned and operated by the jews even though the proclamation was factually correct. Soon after Hitler was elected in early 1933 the magazine Saturday Evening Post published an article which espoused that Germans possessed “infantile minds” because they could not accept the reality of their servitude to jewish power while most Americans were able to accept the reality of their lives under jewish domination.
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I’m losing hope for this country everyday
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Totally right.
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Whether its 22% or some sort of “all time low” doesn’t matter much. Look at a 20 year graph. It can go up and down all it wants. The long term trend IS in fact going up up up though.
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