So according to the mainstream press, jobless rate has fallen to a new post-recession low, of 5.9%:
http://hosted.ap.org/dynamic/stories/U/U...3-08-37-17
But then you can go the St. Louis FED's website and dig into the numbers, and what do we find?
Labor Force Participation Rate falls to 36 year lows:
http://www.zerohedge.com/news/2014-10-03...t-labor-fo
The vast majority of jobs added were low-income part-time jobs:
http://www.zerohedge.com/news/2014-10-03...nimum-wage
The vast majority of jobs created were for old people who cannot retire due to financial insecurity:
http://www.zerohedge.com/news/2014-10-03...t-prime-25
And to top it off, average hourly earnings fell:
http://www.zerohedge.com/news/2014-10-03...-july-2013
Even women have less jobs:
http://cnsnews.com/news/article/ali-meye...abor-force
Analysis:
Now, first let me preface by saying that I like linking to zerohedge because I feel they do the best job of explaining the numbers. However, this is not zerohedge "doom and gloom," you are a fool if you think this, since the charts they are pulling all come from the St. Louis FED's website which you can find here: http://www.stlouisfed.org/
Anyhow, here's the part that gets me. How is it that average Americans accept this propaganda with no outcry or reflection? It's not like the USA is the USSR which banned contrary sources of information. In America, the contrary sources of information come from the government itself, and is made freely available to the public. Yet the only sources people check are headline news. It's amazing: it's like the people willingly delude themselves. No totalitarian regime required.
My best guess is that the people who are broke and unemployed already know how much shit sucks as they live in their parents house, while those with jobs couldn't care less about anyone else and think that since they have jobs it can't be that bad for anyone else. So those with jobs never bother to look deeper into the numbers, while those without jobs don't bother to explain to anyone else since most people are brainwashed by the mainstream press or jobless people are too depressed to even try and make a case.
Regardless, watching this unfold leaves me flabbergasted. The levels of hypocrisy, indifference, and denial is out of control. It's almost like I'm trapped in a dystopian novel, where the government proudly proclaims that the jobless rate has fallen as more people than ever languish without money.
http://hosted.ap.org/dynamic/stories/U/U...3-08-37-17
But then you can go the St. Louis FED's website and dig into the numbers, and what do we find?
Labor Force Participation Rate falls to 36 year lows:
http://www.zerohedge.com/news/2014-10-03...t-labor-fo
The vast majority of jobs added were low-income part-time jobs:
http://www.zerohedge.com/news/2014-10-03...nimum-wage
The vast majority of jobs created were for old people who cannot retire due to financial insecurity:
http://www.zerohedge.com/news/2014-10-03...t-prime-25
And to top it off, average hourly earnings fell:
http://www.zerohedge.com/news/2014-10-03...-july-2013
Even women have less jobs:
http://cnsnews.com/news/article/ali-meye...abor-force
Analysis:
Now, first let me preface by saying that I like linking to zerohedge because I feel they do the best job of explaining the numbers. However, this is not zerohedge "doom and gloom," you are a fool if you think this, since the charts they are pulling all come from the St. Louis FED's website which you can find here: http://www.stlouisfed.org/
Anyhow, here's the part that gets me. How is it that average Americans accept this propaganda with no outcry or reflection? It's not like the USA is the USSR which banned contrary sources of information. In America, the contrary sources of information come from the government itself, and is made freely available to the public. Yet the only sources people check are headline news. It's amazing: it's like the people willingly delude themselves. No totalitarian regime required.
My best guess is that the people who are broke and unemployed already know how much shit sucks as they live in their parents house, while those with jobs couldn't care less about anyone else and think that since they have jobs it can't be that bad for anyone else. So those with jobs never bother to look deeper into the numbers, while those without jobs don't bother to explain to anyone else since most people are brainwashed by the mainstream press or jobless people are too depressed to even try and make a case.
Regardless, watching this unfold leaves me flabbergasted. The levels of hypocrisy, indifference, and denial is out of control. It's almost like I'm trapped in a dystopian novel, where the government proudly proclaims that the jobless rate has fallen as more people than ever languish without money.
Contributor at Return of Kings. I got banned from twatter, which is run by little bitches and weaklings. You can follow me on Gab.
Be sure to check out the easiest mining program around, FreedomXMR.