Quote:
Originally Posted by Nesti
Sorry Kal, those are official US Government figures, as such, they do not include certain demographics which our bureau of statistics do trap and factor in. The REAL approximation is 14-15% unemployment.
http://wallstreetpit.com/10873-real-...stem-is-broken
"If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart."
http://www.breitbart.com/article.php...show_article=1
To put that into more realistic and scarier terms; for every 75 US citizens who are working full-time, there is 1 US citizen in Gaol (Jail). |
The figures aren't wrong, just the method used to interpret the data and acquire a figure is different. The figures which I linked state how they are gathered, so there is no smoke and mirrors
"Unemployment rate is defined as the level of unemployment divided by the labour force. The labour force is defined as the number of people employed plus the number unemployed but seeking work." If you want to compare unemployment rate to that of the 1970's however, then you can't directly correlate it because of the change in the way the date is gathered and interpreted between the two times, and I agree, it will become much larger because you have to add the number of people not employed and not looking for work to the total.
Fascinating video, the guy really seems to know what he is talking about. 60 trillion dollars, how do you pay for that? The guy explains it in the video
You have 4% inflation for the next 14 years which devalues the US $ to about half of the current value, turning that $60 trillion into a $30 trillion.
I'd never even heard of SDR's before watching that video, I have some research to do