Ron Paul: Real Unemployment Is at 22.8%





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.



style="display:inline-block;width:728px;height:90px"
data-ad-client="ca-pub-3666212842414688"
data-ad-slot="9478233584">

»crosslinked«

Likes(0)Dislikes(0)

308 Comments:

  1. 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?

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 2 Thumb down 0

  2. Because he would have never been included in debates.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 1 Thumb down 0

  3. have faith, we have heroes like dr paul

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 2 Thumb down 0

  4. You're right mr. paul.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 2 Thumb down 0

  5. this guy belongs in a fucking mental asylum

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 5

  6. + 22.8% ^

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  7. I agree with Ron Paul and jimmy Rogers
    and with shadow stats

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 1 Thumb down 0

  8. Wow. It is near the official Greece number, which is likely understated but still, wow.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 2 Thumb down 0

  9. Wow... What a number.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 1 Thumb down 0

  10. Ron Paul is the only one I trust.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 2 Thumb down 0

  11. Nothing to see here then- move along :)

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 1 Thumb down 0

  12. 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

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 1 Thumb down 0

  13. you can acquire the information under the freedom of information act.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 2 Thumb down 0

  14. 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.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 2

  15. Finally a believable number!

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 1 Thumb down 0

  16. In regard to my previous comment, here is the actual data: goo . gl slash

    0HbSb

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  17. 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.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 3 Thumb down 0

  18. I'm losing hope for this country everyday

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 2 Thumb down 0

  19. Totally right.

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 0 Thumb down 0

  20. 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. :-(

    Likes(0)Dislikes(0)

    Like or Dislike: Thumb up 1 Thumb down 0

Leave a Reply

Your email address will not be published. Required fields are marked *


× nine = 45

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>