Setting a record for the number of people deciding to ‘not join the work force’ has left Unemployment percentages uncertain.
The latest story of 5% unemployment is being hailed as a Victory by the perpetually surprised Keynesian Economist Class.
Given the record level of individuals who have simply decided not to work, or look for work, genuine mathematicians are left scratching their heads.
The Trumpeted 5% number is based on one the lowest levels of those wanting to work in the history of the United States. In fact, the number of those who have decided not to work is roughly one Third of the Country! That’s one out of three people have chosen to take a ‘different path’.
When you combine this with the 5% unemployment experienced just 10-years ago being assailed as a National Tragedy…
Serious thinkers must rightfully be confused.
The only conclusion we can draw from this information is Administration Number Monkeys will keep throwing their Poo at us.
Tag Archives: Keynes
Over 94,500,000 Americans decide Not to Work!
Number Monkeys Part III
So last week we were presented with a Horrible Jobs number.
Bad, bad, bad…
Roughly 146,000 jobs were ‘created’ when we need a minimum of 250,000 jobs each and every month to support any façade that a Recovery is underway.
That’s the fact.
Here’s the non-fact. Unemployment WENT DOWN! DOWN… to 6.1%
This is mathematically impossible.
Unless you’re a Liberal and in charge of Monkeying with the Numbers then allowing a Slavish Media throw those Numbers at the Masses like the Poo they are.
Here’s how this happens…
The Liberals in charge calculate the unemployment number going down by Removing human beings from the Work Force. (No, the Humans did not Die or even Disappear. They just told someone they have decided to quit looking for work.)
So stupid is this line of ‘logic’ it hurts my head.
Follow this ‘logic’ for a moment.
If this is the correct way to arrive at an unemployment number then… suppose every man, woman and working age child (now apparently anyone under the age of 27-YEARS OLD) were to decide to QUIT THEIR JOB TODAY and then TELL EVERYONE THEY COULD THAT THEY HAVE ‘GIVEN UP LOOKING FOR A JOB’, we would be…
AT 100% EMPLOYMENT!
You got it?
If no one did anything… nothing… and simply said out loud that they had given up looking for anything to do…
WE WOULD BE A FULL EMPLOYMENT!
Yes, I”M YELLING!
The is Foolishness on a Profound level.
The real, actually, NO POOP unemployment number according to the Bureau of Labor statistics is… wait for it…
12%!
12%!
TWELVE PERCENT!
I recall not very long ago, in an administration not far away, when the unemployment number breached 5% the world was ENDING! IT WAS THE APOCALYPSE!
Now we have a ‘real’ unemployment number of 12% (Which I also hold SUSPECT) and the Press is nonplussed. Instead they report the Administration’s Preferred Fiction.
Is there anyone left in the United States that believes there is not a bias benefiting Socialist thought on behalf of the Press? And if so, how can that possibly be? Xanax? Oxycodone? Pot? Lobotomized? How?
So the Number Monkeys Strike Again.
Why would you take any Media, News Outlet or Talking Head seriously who doesn’t take on this Flung Poo directly? (Please note: In this case Flung Poo is not a racist Harry Reid joke.)
Why would we offer even a modicum of ‘trust’ to anyone who regurgitates such Crap?
This is all about Marx, Animal Spirits and Keynesian Economics. It’s all about the ‘Optics’. It’s all about how you FEEL… Not what the REALITY we face truly is. It’s all about what ‘is’ is.
And… never let the Leftist Progressives Fool You. Economics is INDEED Politics.
It’s control.
Controlling your production is controlling YOU.
At some point we have to grow tired of getting covered in Poo.
Print, Print, Print.
Determined to reproduce the economic successes of Weimar Germany and Zimbabwe the Federal Reserve has decided to fire up the presses once again.
Excitement ran through Wall Street today as the news of this brilliant new shot in the arm of “quantitative easing” was announced.
Well… not excitement… more like a panicked rush to buy ownership interest (stock) in companies most of us think will be around even if the economy melts down completely. You see, owning a percentage of a company cannot be devalued like the dollar. Companies can’t just print more stock thus devaluing your shares. In fact, each time the Fed turns on the presses they tax you without you knowing/understanding it. Stay with me here… if you have a dollar that has the buying power of “a dollar” then I decide to print another dollar and give it to you because I think you’re cool then you have two dollars… with the total value of “a dollar”. You just got taxed 50%! How do you feel about that? If you listen to the media, you reportedly feel pretty good. Ignorance is truly bliss…
The market going up has very little to do with a healthy U.S. but more to do with a serious concern over its illness.
Keynes, like Marx, was really smart… just really wrong. Neither individuals ideas have worked out well anywhere in the world. (If you think about it there are a great many individuals who fit this description.)
But don’t let the fact that Keynes ideas are horrible and produce long-term economic chaos discourage you!
It doesn’t discourage the Fed!
If you haven’t already, might I recommend buying some chickens? Your neighbors will love you…
I bought a still. My neighbors actually do love me.