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. The BO wants to destroy our Freedoms and our Nation!

    But, If Mitt gets into the White House — expect An American Tragedy!

    Mormon Mitt won’t allow Catholic Ryan to be anything but his doormat (to be disposed of when the time comes).

    His 5 Mormon Sons are getting groomed to take over…and create a Dynasty of little Mormon Mitts for decades to come!

    Now, that is truly scary!

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  2. Ron Paul is an inspirational hope that’s come 20 years to soon. Ignorance is high for such a self proclaimed educated society, I hear and welcome the words of this wise man.

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  3. Pure Paultard bullshit at it’s finest. Gramps needs to take his meds.

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  4. Make this VIDEO go VIRAL

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  5. Then RNC will be smashed by a BAN hammer.

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  6. IS IT SO, RON PAUL NEEDS 1,500 DELEGATES TO RUN FOR PRESIDENT? I’M SCARED FOR AMERICA

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  7. 1 in 5 jobless? I believe it, shit, I see it!

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  8. THERE IS MORE INTELLECTUAL SUBSTANCE IN THESE 4 MINUTES COMPARED TO THE 4 HOURS OF THE PRESIDENTIAL DEBATE. OBAMA AND ROMNEY ARE JUST TRASH TALK….

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  9. Arm yourself to be sure but it doesn’t have to be violent. Just start finding non-FDIC funded credit unions and skirt paying taxes by improving your home, buying a new home, and doing anything that will afford you a tax credit not a deduction. Vote for 3rd party candidates(but only for real 3rd parties… please not socialist – that’s what you’re voting for now in the 2 party system – right-leaning socialist or left-leaning socialist). Support local non-GMO growers and consider growing yourself.

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  10. he tried in 1988 but you are right about people being idiotic but i dont think its the young im 20 and im informed its the americans that believe every thing they see on tv instead of researching the information

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  11. media blacked him out you should have followed him on the internet you would have seen the true corruption in our government bot no hes no longer on the ballet they wouldnt let him speak at the rnc even though he won 5 states

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  12. I’m not voting for either millionaire banker puppet. Same shit every four years- they choose for us. This man was and is the only one I could fully support with a clear conscience.

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  13. This man should be the president. He knows the truth and speak the truth.

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  14. This man should be the president. He knows the truth and speak the truth.

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  15. The media is controlled by the 2 parties who are controlled by different but drastically overlapping special interests. what is sad is people don’t realize how unique ron paul is. we may never get as close as this election… if kids these days werent a bunch of apathetic idiots he would have won, if this was the 60s he would have won, sadly its not Ron Pauls fault he lost, its this idiotic nation’s

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  16. Have the American People been reduced again to vote for the “lesser of two evils” — are there no other options?

    My conscience cannot allow me to vote for the “lesser of two evils”, because, that means that an Evil will still get elected!
    —————————————————————————————————

    1) The Barack is the evil we know — a Socialist minded professional politician that will have most of its venomous teeth pulled out when republicans win more seats this election. Thus, it will lack the ability to do much more damage than it’s done already. If the Barack is “elected” it will end its last term in a whimper.

    2) The Mitt — the evil we don’t know…yet. But all indicators are that it is supported by the Central Banks. And that it supports Israel unquestionably to the detriment of our own national security (will start more unconstitutional wars to protect Israel, not the USA).

    Should the Mitt win, we may be in bigger trouble — since it assured itself of no competition for the next republican nomination (see the false vote it made the GOP do on its behalf — THE TELEPROMPTER “KNEW” IN ADVANCE HOW THE VOTE WILL GO…SHAME, SHAME SHAME on the Mitt creature):

    http://www.youtube.com/watch?feature=player_embedded&v=77W5OKStO5s

    —————————————————————-

    So, unless we vote for Gary Johnson — who wants to restore Liberty and Prosperity, what would you get instead:

    Final four years of ‘toothless’ BO — or 8 more years of the Mitt (with the possibility it has groomed its spawn — 5 Mormon Sons — to keep the dynasty going) for many decades to come…?!

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  17. i am a demo but if DR RON PAUL ran for president i surely would have voted for him and am not alone in this.i know a lot of democrats who would have voted for ron paul.how can people not see such a great man? he is the most honest politician ever and the things he has predicted in last 20 years have all come true.
    i heard about the epic RNC fail.i feel bad for you.
    he would have destroyed obama in the presidential debates.lol

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  18. we didnt choos idiot romney over ron paul we were completely cheated out of our votes the election was rigged and even when we did fight which we fought in allmost every single state to become delegates for ron paul even when we did win when it came time for the rnc they completly stripped whole states of there liberty delegates and just chose new ones this was no election this was a selection where the ppl had no voice in the matter….

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  19. we didnt choos idiot romney over ron paul we were completely cheated out of our votes the election was rigged and even when we did fight which we fought in allmost every single state to become delegates for ron paul even when we did win when it came time for the rnc they completly stripped whole states of there liberty delegates and just chose new ones this was no election this was a selection where the ppl had no voice in the matter….

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