Thursday, November 17, 2016

Will data distortion go away?

Figures lie and liars figure.

What is the real unemployment rate?  The current official unemployment rate looks more like the percentage of “residents” who applied for unemployment benefits. The number of working-age US citizens without jobs is 94 million. If you believe that all of these citizens should be working, the unemployment rate should be 32%.

What is the real inflation rate?  If inflation is low because the federal government needs it to be low, that’s corruption.  If it is low because consumers are broke and our economy is about to collapse, that’s more realistic.  Did labor unions bargain away their right to have an accurate inflation rate to apply to the inflation protections in their union contracts?

Where is the Federal Reserve audit and their plan to avoid the inflation their 450% increase in the money supply could cause?

Norb Leahy, Dunwoody GA Tea Party Leader


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