Government economic statistics are all lies and gorilla math… and one of their most creative frauds is the unemployment figure.
Intuitively, when they say ‘the unemployment rate is 9%,’ that would suggest to the average Joe that 9% of the labor force is, in fact, unemployed. Oh no. Most governments have entire departments and agencies to dazzle people with statistics and calculations that defy common sense.
You see, when someone has been unemployed for too long, they can simply fall out of the system. In other words, the number of unemployed people can actually rise, while the government’s official unemployment rate falls. It boggles the mind. Government figures in no way pose an accurate snapshot of the situation.
A better way to look at it is to consider the raw numbers. In the United States, there are roughly 14 million unemployed, and millions more who are either part-time or woefully underemployed. In Europe, the number of unemployed is over 20 million.
It’s not a pretty picture, and the more that governments do to ‘fix it,’ the longer they prolong the pain. Barack Obama is set to blow another useless round of hundreds of billions of dollars, while central bankers from the United States to England to Switzerland are inflating their currencies without bound.