Convenient BS Used to Keep You Quiet
Why the numbers you hear don't really tell you everything.
None of the following is meant to depress you. Stay to the end.
This week we saw Brandon touting his job numbers. And of course, the media, including FOX said Oh boy, those are great numbers. The Fed is talking about being a little less hawkish with rate hikes.
But they are not giving you all the information about jobs or inflation.
As far as job “growth” goes. We are still unwinding the damge from our nonsensicle reaction to Covid over more than two years. Most of what we’ve seen since Brandon landed in the Oval Office is just getting back what was taken from us. We are only now starting to rebuild from the pandemic damage.
More important than that is an understanding of what the unemployment numbers you see actually mean. The federal government has a choice of 6 numbers to choose from in reporting. They use U-3. That’s the most fungible number and is always lower than actual number of unemployed people. It also counts people who are considered marginally engaged.
The truer rate, but still not the full picture, is the U-6 rate. That now stands at about 7.5%. This is the number of people who are out of work and haven’t looked for work in more than 4 weeks. It does not count people who have dropped completely off the radar. Eventually they are not part of the equasion.
So the true jobless picture in this country is actually much higher than even U-6. We have 7 millon men of prime employment age in this country or are simply not working. The ease of acquiring assistance AND living off of parents is too easy, I suppose. To be sure, some of these are working under the table. But not enough to make a big difference.
Also, while touting his great numbers, because the numbers are U-3, they don’t count the tens of thousands of layoffs that have occured in the tech sector alone in recent weeks. Eery day I hear about job losses somewhere across all sectors. But we’re growing?
Old Brandon claims to be wrestling with inflation. That’s a lie. He’s not. He is constantly looking for ways to pump more funny money into the economy. THE FED, on the other hand, although many months late to the game, has been bumping up interest rates to cool inflation. Brandon has nothing to do with this. And they were late admitting an inflation problem and taking painful measures in the hopes the economy would come into line with productivity and they wouldn’t have to make Brandon look bad.
At the end of 2022, inflation was at 8% average for the year, with a peak of 9.1% year-over-year last June. January numbers are not in yet but you can bet that any tick down will be touted at a major coup by Brandon. Even though he doesn’t understand how the numbers work. He proved that in this imbecilic speech last summer.
These numbers too, are intentionally deceiptful. both as reported and spoken about by sycophantic media fluffers.
First, the numbers are not static. If you are in a two year inflationary cycle, as we are, each month you must consider what the new number represents over the course of the cycle. Last June, as I said was at 9.1% from the PREVIOUS JUNE. But the previous June was also higher. The damage done to the value of your dollar is cumulative.
So until the government gets inflation back to the corrupt and artificial 2% they’ve maintained for the last few decades, there should be little joy in Mudville.
The real deceipt in the numbers
For many decades now the government has had a very convenient way of covering its ass when it comes to inflation. Don’t count the count the stuff we buy the most. There was a good reason for this back when inflation numbers were compiled using adding machines and slide rules. The volitility of those goods made them very hard to include in monthly reports. That is no longer the case.
But since these numbers have always done the most damage in an inflationary spiral, Uncle Stinky keeps them off the list. This is deceiptful since all the numbers are a momentary snapshot of rolling averages compiled by computers instantly. If they did report food and energy we’d see numbers far higher than the 8% they reported for last year. We’d be well into the double digits. 15%? 17%? And California would be doing worse.
AND this doesn’t reflect all the spending teed up in mid to late 2022. We will feel that punch in the face after the money is doled out for “green” scam projects. The real challenge for the Fed, if they remain interested in dealing with the problem will be to continue to absorb the damage of billions and billions of dollars flooding the economy month in and month out, until we STOP the insanity.
And here’s where we start. Tell your STATE representatives in both houses to stay on paper dollars and not involve the state in the programmable digital dollar the Fed is starting to issue.
This may seem counterintuitive if you’ve read my stuff over the years. But the value of the dollar is what is left of the petro dollar concept. This too is fading and that can only be recovered by reinvigorating our domestic energy sector. So tell your STATE and FEDERAL reps. to drill here and drill NOW! Just the knowledge that the US intends to get back in the game will stop the Saudis from any non-petro dollar foolishness.
Finally, tell your reps to disengage all contracts and state investments in companies who use ESG standards in ANY of the financial practices or business planning. The implementation of ESG standards on this country will make this entire discussion pointless, as there will be NO consideration for ANYTHING you think or say. If fact, dessent will be punished.
There are more things to discuss and we will. There are more steps to be taken and we talk about those too. But this is a start.
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