The Economic Collapse

What a mess! We all knew that U.S. government unemployment numbers were off, but this is ridiculous. It is now being reported that the U.S. may lose 824,000 jobs when the government releases its annual revision to employment data on February 5th.  How in the world could the original figures be so far off?  The truth is that U.S. government figures have been getting more and more out of touch with reality each year.  Government bureaucrats have been monkeying with the "definitions" of unemployment and inflation for decades, and at this point the figures they give us mean little to nothing.  For example, the U.S. government has been telling us that the unemployment rate in the U.S. is somewhere around 10 percent, while everyone knows that the "real" number is somewhere in the neighborhood of 20-22 percent. (Read More....)