New jobless claims for the week came in at 365,000, which is an incorrect number, as it will be revised up next week. Not so amazingly, the mainstream propagandists touted the number as a positive, saying anything under 375,000 shows growth. The mainstream seems to think we the people have the memory span of a head of lettuce. Two years ago, during one of our many “recoveries” it was stated emphatically that anything above 350,000 was a marked decline. I guess this number got revised up too.
The reporting on the unemployment has become a running joke. FOX Business’ Charles Payne said yesterday that the number being reported was erroneous and that no one believed it, as the mainstream news has lost all credibility in reporting these numbers as they are constantly revised.
And we do remember last August when the number for new jobs created came in at zero, which completely dispelled all the lies of a recovery. Three months later in November the August number was revised up from zero to 50,000. The manipulation of these numbers is now blatant.
In a later broadcast, Charles Payne said the unemployment rate would probably remain the same at 8.2% following July’s jobs report. He then said the real unemployment rate is 14.6% if you count all the people who are unemployed.
The fact is the 14.6% rate is erroneous. It has been reported in the mainstream that 100 million Americans are either unemployed or under employed. That is more than a third of our working population. The exact numbers for the workforce are impossible to ascertain because so many illegals are working American jobs. However, conservatively, the unemployment rate has to be above 30%.
If the false unemployment rate does not change today, consider this. Last month, ten more weeks were removed from the federal unemployment extensions, meaning that the max unemployment benefits for the month of July are now being depleted at 70 weeks. So how many hundreds of thousands more were dropped from the unemployment rolls in July and are no longer being counted as they have been automatically re-categorized as no longer looking for work and not a part of the work force?
This depression, not only has not gotten better, but is progressively getting worse. In the month of August the maximum weeks a person can draw unemployment will drop to 60 weeks and hundreds of thousands more will not be counted.
A couple of more months and the weather will be cooling off, heading into winter. With the so called drought, food prices will be soaring. Once again I say it. This thing is coming to a head and nothing being presented by the status quo can stop the inevitability of a complete crash, most probably followed by famine.
Unless something spectacular occurs in Tampa on the 20th, I believe the Revolution will go hot as we can safely say the talking part’s over.
God bless the Republic, death to the international corporate mafia, we shall prevail.