Even as politicians, central planners, and their controlled media outlets [falsely] reassure the public of economic recovery, the facts parades before the public of a crisis that has yet to be addressed and poverty continues growth.
- Food prices soar as portions and package sizes shrink in attempts to hide inflation.
- The number of jobless people soar as the official unemployment numbers paint a false picture; the number of people not in the (USA) labor force rose to a record 91,808,000, and much worse employment numbers in Europe…
- The currency wars are heating up with Asia leading the way as Japan aggressively devalues the Yen in attempts to increase exports & Exchange Market, and nations continue to increase their astronomical debt borrowing from the central banks.
People on Earth, ask yourself: What Happens When Wages Decline as Prices Increases?
Now is the time to create alternatives to the global institutional matrix of control and debt bondage. ~Ron
It’s Official: The US Created Less Jobs In 2013 Than 2012
The Fed spent over $1 trillion in 2013 (to push the stock market to all time highs) and all we got was… less jobs created than in 2012?
Establishment survey 2012 vs 2013 job change:
And Household survey 2012 vs 2013 job change:
Below is a similar report from ZeroHedge:
People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels
Curious why despite the huge miss in payrolls the unemployment rate tumbled from 7.0% to 6.7%? The reason is because in December the civilian labor force did what it usually does in the New Normal: it dropped from 155.3 million to 154.9 million, which means the labor participation rate just dropped to a fresh 35 year low, hitting levels not seen since 1978, at 62.8% down from 63.0%.
And the piece de resistance: Americans not in the labor force exploded higher by 535,000 to a new all time high 91.8 million.
The jobless, laborless recovery continues to steam on.