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.

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308 Comments:

  1. and they chose idiot romney over ron paul.wtf

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  2. the main stream media, backed by the money that owns all main stream politicians are trying to keep him out of the public eye.
    We can wright him in.
    Please excuse any miss spellings.

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  3. Don't forget, you can open your own business without all the hassle, too!!

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  4. Vote Johnson. He's the same as RP. If you go for a write in, it'll default your vote to one of the other hacks we don't want.

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  5. No, he's currently not on the ballot (I wish he were). Gary Johnson is on the ballot however, and he's under the same ideals as Ron Paul, so when you vote, vote Gary Johnson. And secondly, the big media doesn't want you to see or hear about Ron Paul, which is why you may not hear about him or Gary much on TV. Ron and the likes would invoke too much good change, and we just can't have that, can we? Just keep lying to the american people.

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  6. Unfortunately you have been screwed. There's not too many companies that look for a degree anymore. I've been working a job everyday since I got out of high school. I've had 5 different jobs and finally my current job is recession proof. This country is a mess.

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  7. Can i have a couple questions answered real quick?!
    Is Ron Paul running for president?
    If so, Why hasn't he been getting that much attention? (Or maybe i just haven't been paying attention)
    Did his campaign fail or something?

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  8. Can i have a couple questions answered real quick?!
    Is Ron Paul running for president?
    If so, Why hasn't he been getting that much attention? (Or maybe i just haven't been paying attention)
    Did his campaign fail or something?

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  9. ☞Ron Paul: Real Unemployment Is at 22.8%☜

    Is that enough? How many people do work less than full time but like to work more? Aren’t they also a kind of unemployed?

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  10. Ron Paul is the ONLY one speaking the truth.

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  11. Nothing good will happen if you vote for Obama or Romney. In case you didn't know, there is a 3rd candidate in the race and his name is Gary Johnson. You should look him up. Want real change? Vote Gary Johnson, fuck Obama
    and Romney they're just a bunch of clowns part of the paradigm that got us into this mess.

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  12. The nutty liberal moderators will never bring up monetary policy in the debate game show.

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  13. I would enjoy seeing him debate Obama, he would have done great.

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  14. I would enjoy seeing him debate Obama, he would have done great.

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  15. That's too funny!

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  16. That's too funny!

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  17. I have a Bachelor degree, and one Master's and another Master's when I finish two more classes. So I can be 48 and currently trained and viable in the work force. I am underemployed only making 95.00 per day with NO benefits. I lost my benefits when I was laid off in 2009 in June. I feel bad for you, but join the club. It will only get worse with Obama, please get your friends to vote for Romney, we have to go a different route or we will all exist as bottom feeders!

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  18. Please don't do that, he withdrew from the election, you will just be putting Obama back in.

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  19. The only way to get a job is to:
    1) Renounce US Citizenship
    2) Sneak out of the country
    3) Re-enter as a Mexican, Indian or Chinese national
    4) NOW you can get a job!

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  20. Oops, came here by accident. I was looking for a Honey Boo Boo video. I am America.
    Love you still and always, Dr. Paul.

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