U.S.: Losing 20 Million Jobs in 2009

By Daniel at 28 June, 2009, 3:02 am


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Someone named Jeff Nielson completed this study on June 26, 2009:

“Up to this point, the U.S. government has been very successful in duping market sheep (i.e. the “experts”) through publishing totally fraudulent monthly jobs reports. With the U.S. economy losing roughly 2 million jobs each month, the government claimed that less than 400,000 jobs were lost in May.

The fact that the unemployment rate continues soaring higher each month, that “mass lay-offs” are at record levels, and with state governments across the U.S. slashing spending to meet budget shortfalls (i.e slashing jobs) conclusively demonstrates that “official” government reports have absolutely no connection to reality.

Even if this rate of decline is now linear (i.e. falling at the same rate each month), this does not imply “stability”. Jobs are being lost in the U.S. at least as fast as during the Great Depression - if not faster. To suggest that this implies “moderation” is simply stupidity, from people who have absolutely no understanding of basic arithmetic.”


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Categories : Economics | Market Outlook

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