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IPFS News Link • Federal Reserve

Economy Hit with the Ultimate Smokescreen: Bi-Flation

The U.S. government, who already grossly disfigures the real numbers for GDP, unemployment and inflation, is constantly having to twist reality to keep their scheme afloat. The government recently reported that unemployment numbers reached the lowest point in nearly two years at 8.9%, “sparking optimism” in the establishment media. Many analysts point to two months in a row of “job growth” as evidence that the U.S. is well on its way to recovery and it should be good news for job seekers. Try telling that to a random unemployed commenter who responded to the news with the following: All lies. Why not just up the ante and say the unemployment rate is 5%? The last job I applied for had 440 applicants, many of whom had Phd’s, for the whopping non-living wage figure of 35K. Even if jobs are added, the question begs–what kind, and how much per hour? $8?

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