Friday, June 3, 2011

This Is How the Government Rigs the Unemployment Number

I knew today's unemployment number was going to be craptastic...but I thought it would be even worse than it was...a paltry 55k jobs. All of them service jobs. (Think McDonalds)

I turned to ZeroHedge. Sure enough, the Bureau of Labor Statistics fudged the number so badly- using the birth death model- that they spun the report positive. Truth is... the number was far worse than the reported one. Our statistical information has no integrity whatsoever. It has become nothing but propaganda. http://www.zerohedge.com/article/birthdeath-adjustment-206000

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It Has to Get a Lot Worse Before It Gets Better- The Sunday Collage

 As a young man researching the murder of Frank Little in Butte, Montana, I knew I was going to have my work cut out for me. It would be a d...