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Must Watch

Must watch documentaries Revelation of the Pyramids – This documentary delves into the facts that indicate the Pyramids were not built by the Egyptians Century of the Self – Documentary by Adam Curtis about the influences of Propoganda and other newly developed social sciences on society in the 20th century The Power Principle – Deep […]

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Revelation of the Pyramids

Disclose.tv – Revelation of the Pyramids (BEST Egypt documentary) For centuries, the Great Pyramids have fascinated Mankind; every year brings a batch of new theories, from the plausible to the absolutely bizarre. One lone seeker, after more than thirty-seven years of study and research, has at last managed first to understand and then to prove […]

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Mind Over Money – a NOVA documentary discussing the impact of emotions on financial decisions

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The Edifice of “Recovery” is Crumbling

The corrupt edifice that has propped up the US big banks and financial system is beginning to crumble before our very eyes.
First and foremost, the former head of the Bureau of Labor Statistics (the group in charge of calculating the “official” unemployment numbers and inflation measures) has stepped forward and stated, point blank, that the unemployment numbers in the US are a joke.
Keith Hall believes the US economy is a lot sicker than the 7.6 percent unemployment rate would lead you to believe.
And he should know.
Hall was, from 2008 until last year, the guy in charge of Washington’s Bureau of Labor Statistics, the agency that compiles that rate.
“Right now [it’s] misleadingly low,” says Hall, who believes a truer reading of those now wanting a job but without one to be more than 10 percent.
Source: NY Post
The Government claims we’re in recovery because the unemployment rate is falling. But we have the former head of the BLS stating that real unemployment is greater than 10%.
The revelations continue with the inflation measure used by the Feds/ Federal Reserve. I’ve written about the various gimmicks the Feds use to downplay inflation many times before, but now the former head of the BLS has openly admitted the Fed’s methodology is incredibly outdated.
So how do the Feds measure inflation? They perform hundreds of thousands of surveys to see what consumers are buying. Then the BLS sends people into stores to determine how much these items cost.
So the Feds are relying on people:
1)   Remembering what they bought last month for groceries
2)   Remembering the price they paid
I don’t remember either these things in any great detail. I doubt 99% of people do either. And yet this is the basis for our inflation metrics!
The phony unemployment data and unbelievably low inflation measure are two of the biggest reasons that the Fed has to continue with its futile QE efforts. And the media is finally catching on that both are a joke.
If you have not taken steps to prepare for a market collapse, we have a FREE Special Report that outlines how to prepare your portfolio. To pick up a copy, swing by:
Best Regards
Graham Summers
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Rising food prices, climate change and global ‘unrest’

Niall BradleySott.netSat, 20 Jul 2013 12:53 CDTI don’t mean to put a damper on the everyone’s summer holidays, but the current heatwaves in the U.S. and Europe has me thinking back to numerous warnings issued during last summer’s major drought and “rec…

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