The unemployment crisis in America is much worse than you are being told. Did you know that there are 100 million working age Americans that do not get up in the morning and go to work? No wonder why it seems like there are so many people that do not have jobs!According to the federal government, there are 12.6 million working age Americans that are considered to be "officially" unemployed, but there are another 87.8 million working age Americans that are not working either. The federal government considers those Americans to be "not in the labor force" so they are not included in the unemployment rate.
Since the start of the last recession, the number of Americans not in the labor force has risen by more than 8 million according to the Obama administration. The total number of working age Americans not in the labor force now stands at 87,897,000....
So when you add 12,673,000 and 87,897,000, you get a total of 100,570,000 working age Americans that do not have jobs.
So the truth is that the employment statistics that we are being fed are not portraying an accurate picture of what is really going on.As a CNN article recently explained, there are millions of Americans that say that they would like to have a job even though they have not been "actively" looking for one in the past four weeks. If those people were included in the unemployment rate, it would immediately shoot up to around 11 percent....
A grim Ministry of Finance report circulating in the Kremlin today states that the shocking record rise this past week of the United States outstanding debt to $15.692 trillion (just $600 billion short of their debt ceiling) has pushed the world’s most powerful economy into a situation of its outstanding obligations now being 101.5% of its entire gross domestic product (GDP), which when coupled with Japan’s announcement (the world’s second most powerful economy) that they are following the US into the global Currency War all but seals America’s “national economic suicide.”Brazil’s Finance Minister, Guido Mantega, coined the term “Currency War” in 2010 and has repeatedly blamed rate cuts by central banks in the US, Europe, and Japan, for unleashing a “monetary tsunami” that now threatens to destroy the entire Global economy.
Important to note, this report says, is that immediately after the 2008 Economic Collapse, the United States, Japan and the European Union were facing a “financial Armageddon” of historic proportions as nearly every major bank in the Western world all went broke at the same time.
In order to prevent the collapse of the entire global economic system, this report continues, the US Federal Reserve secretly conducted the biggest bailout in the history of the world to the tune of over $16 trillion which it gave to virtually every major bank and financial institution in America, the EU and Japan.Though denied by the US that it is printing money, this report says, the effects of “money for nothing” are readily evident by anyone who buys anything and notices that with each passing week the prices of even the most basic commodities are rising faster than the wages that buy them.
One of the many examples outlined on this in the report is the price of gasoline in the US, where on 31 December 2008 it was at a then 5-year-low of $1.61 a gallon, but as of today is near $4.00 a gallon, all of which Russian Finance Ministry officials blame on the devaluation of the US Dollar because of the Federal Reserves printing of money to give to all of their broke banking elite “friends.”In an act of “blatant hypocrisy,” this report continues, the US has gone so far as to attack their largest creditor, China, by blaming them for keeping their currency to high, while all the while ignoring the fact that the Chinese currency has appreciated by 31.4% against the US Dollar since mid-2005 due entirely to the Federal Reserve’s continuing to print what will soon become “worthless paper.”So dangerous and reckless has the US become that Stephen Roach, the non-executive chairman of Morgan Stanley Asia, told Emerging Markets in a telephoneinterview this past week that, “It seems to me that the scale of this policy blunder is painfully reminiscent of the Great Depression in the 1930s.”To how far the US, EU and Japan will go in continuing to destroy their economies is not known, but with new reports now showing that the United States is preparing military re-education prison camps for their citizens, the EU is being warned that it faces “uncontrollable protests,” and Japan faces an historic energy crisis after all of its nuclear reactors go offline tomorrow, one can only wonder where our world goes from here.
The eurozone unemployment rate has hit a record high in March, rising to 10.9 percent for the first time for 15 years, official figures show.
The figures are expected to increase pressure on the region’s policymakers to take more pro-growth steps along with harsh austerity measures they have imposed on their people to fix their debt crisis, triggering incidents of social unrest and massive protests in many European countries.