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Post by avordvet on Nov 8, 2011 5:18:48 GMT -5
Skousen: Actual Unemployment Rate Is at 'Great Depression Level'By Forrest Jones and Ashley Martella, Monday, 07 Nov 2011 02:07 PM U.S. unemployment rates may officially be hovering around 9 percent but in reality, they're up near the 20 percent levels around the time of the Great Depression, maybe even higher, economist and author Mark Skousen told Newsmax.TV in an exclusive interview. Unemployment rates measure the number of people in the workforce looking for jobs. But those holding down part-time jobs here and odd jobs there, or those who have grown discouraged from looking and have quit sending out resumes aren't typically part of the workforce that define headline unemployment rates. Bottom line: It's a lot worse out there than what the government is pitching, and methodology aside, generous unemployment benefits are preventing would-be workers from getting out there and finding jobs, which drains the economy of fiscal resources it can't afford to lose. "It's actually 23 percent, and that's Great Depression levels," said Skousen, a columnist for Franklin Prosperity Report, published by Newsmax... www.moneynews.com/StreetTalk/Skousen-Unemployment-Depression-Level/2011/11/07/id/417144
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Post by midnightrider on Nov 8, 2011 7:28:31 GMT -5
Skousen: Actual Unemployment Rate Is at 'Great Depression Level'By Forrest Jones and Ashley Martella, Monday, 07 Nov 2011 02:07 PM U.S. unemployment rates may officially be hovering around 9 percent but in reality, they're up near the 20 percent levels around the time of the Great Depression, maybe even higher, economist and author Mark Skousen told Newsmax.TV in an exclusive interview. Unemployment rates measure the number of people in the workforce looking for jobs. But those holding down part-time jobs here and odd jobs there, or those who have grown discouraged from looking and have quit sending out resumes aren't typically part of the workforce that define headline unemployment rates. Bottom line: It's a lot worse out there than what the government is pitching, and methodology aside, generous unemployment benefits are preventing would-be workers from getting out there and finding jobs, which drains the economy of fiscal resources it can't afford to lose. "It's actually 23 percent, and that's Great Depression levels," said Skousen, a columnist for Franklin Prosperity Report, published by Newsmax... www.moneynews.com/StreetTalk/Skousen-Unemployment-Depression-Level/2011/11/07/id/417144
"The problem is the Fed appears to have lost its independence. It seems to be tied to the political powers that be, and this is what concerns me right now is that Ben Bernanke is doing the dirty work for Obama to get him reelected by stimulating the economy," Skousen says. Ya Think?
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Post by safetalker on Nov 8, 2011 18:26:58 GMT -5
Obama is the Bilderberger/NWO's man. Bernanke is their banker. They sit on the owners list of the Fed. The bankers are doing what is called taking profit. If they can foreclose on enough property to provide a base of operations they will do it. Then after they move the people off the land, condemn the homes, factories, and cities they start over with elites who want to trade gold for property. Remember Getty, Astor, Morgan? What is killing them is that since the FRN is worthless the people have begun to recover and get off the Federal dole. They are starting Mom and Pop businesses out of their homes. The next round will be when the Fed stops printing money and start destroying the money they receive. That is where the road splits. If the people begin to barter instead of pay with the FRN Bernaki will have to take his loss and run for cover before he is lynched by the elites. Then we will have a new ball game for the next 400 years till it happens again. Just like in England, Ireland, France, and each time they restart the game more will die for their greed.
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