More BLS BS
Last weekend, the Washington Post reported a new, McCarthy-type black list of "fake" political news sites. The mainstream reporting of the the current economic news is now so pathetic and biased that there will no doubt soon be a similar list of "fake" economic news sites. The "reporting" of today's disastrous employment report is just the most example.
Again, we don't call it the BLSBS for nothing...
Here's just a random sampling of the stories being paraded out by the so-called "mainstream media":
The general theme is that the U.S. economy is so strong and robust that The Fed must now soon raise interest rates. The unemployment rate "paints a picture" of the "strong economic tailwinds" that Trump inherits as he takes office.
In the most basic sense, this is your Financial-Political-Media Complex carrying the water for The Fed and their Bankers. The Bankers want a rate hike and the media paints the canvas in order to make it possible.
But here are the FACTS.
- The amount of Americans NOT IN THE LABOR FORCE just reached a new ALL-TIME high of over 95,000,000
- On balance, the ONLY jobs being added are PART-TIME
- And the number of multiple holders is surging.
So is this a "robust" economy and "full employment" as the Banker shills lead you to conclude?
Or, instead, is the backbone of the US economy...the very foundation...millions upon millions of "middle income" people...desperately scraping and scratching in an attempt to keep afloat?
As we've noted for the past several months, the BLS stated "job growth" never comes from productive, career-building full-time jobs. Instead, all of the growth is in PART-TIME employment. Courtesy of ZeroHedge, here are the past three months of the "job growth" breakdown:
Or you can add all three months together...September through November...the period where interest rates have skyrocketed allegedly because the US economy is so strong thus forcing/enabling The Fed to raise the Fed Funds rate...and you get this:
Does that look like an "economic tailwind" to you? So who's reporting the truth? Yours truly or CNN?
And then let's factor in this unfortunate statistic. The amount of people in the U.S. who are being forced to work multiple jobs is at an ALL-TIME HIGH. ALL-TIME AS IN FOREVER AND NEVER BEFORE SEEN! See this chart, also from ZH:
So what we have in America is an economy which, for various reasons, only produces part-time jobs and the vast amount of the citizenry is being forced to work multiple jobs in a desperate attempt to make ends meet. My personal frustration with all of this led me to write this post earlier this week. Perhaps you missed it: https://www.tfmetalsreport.com/blog/8015/another-day-paradise
The point is...Just as "alternative" news sites are now being maligned and black-listed for providing factual election coverage, soon alternative financial news sites such as this one will also be impugned and marginalized. Promoting the Banker-approved message to the masses will be all that is allowed. Anyone or any entity that attempts to explain the truth and facts on the ground will be cast as foreign agents or outright, unpatriotic liars.
As this pertains to the precious metals, we've already seen this over the six-year life of TFMR. We're "conspiracy theorists" who act as "charlatans" and "pumpers", duping the poor hoi polloi into sinking their life savings into worthless "pet rocks". Never mind the HISTORICAL FACT of government gold price suppression and manipulation from the late 1950s to the London Gold Pool to the introduction of Comex gold futures on January 1, 1975, just one day after U.S. citizens were finally allowed to purchase gold again after a 32-year moratorium.
No way, no sirree. The paper derivative gold market is free, true and fair. The stated price is only discovered through benevolent Bullion Banks making a market and providing essential hedging services to their mining company clients. Anyone who believes otherwise is a "con artist" looking for ad clicks.
In the end...and as in everything...use your own brain. Value your own logic and trust your own conclusions. Do not be misled by the agendas of Financial-Political-Media Complex. Instead, recognize that the scope of the lies and message control can only be indicative of the desperate final days of those clinging to the power granted to them by the old, dying "system". You can either trust your instincts and use this time to prepare accordingly for the paradigm-shifting changes that are to come or you can be a part of the duped masses, sitting on your roof amidst the floodwaters, holding a sign that says "HELP ME".
The choice is yours.