Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn't being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.
“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work. Policies that remove the barriers to employment, thus decreasing this number, are obviously beneficial,” he and colleague Megan Russell in their new investors note from their offices in Charlottesville, Va.
They added that “officially-reported unemployment numbers decrease when enough time passes to discourage the unemployed from looking for work. A decrease is not necessarily beneficial; an increase is clearly detrimental.”
Then there is the Misery Index, which is a calculation based in inflation and unemployment, both numbers the duo say are underscored by the government. He said that the Index doesn’t properly calculate how Uncle Sam is propping up the economy with bond purchases and other actions.
“These tricks, along with a host of other dubious accounting schemes, underreport inflation by about 3 percent,” they wrote, adding that the official inflation rate is just 1.24 percent.
“Today, the Misery Index would be 7.54 using official numbers,” they wrote. But if calculations tabulating the full national unemployment including discouraged workers, which is 10.2 percent, and the historical method of calculating inflation, which is now 4.5 percent, ‘the current misery index is closer to 14.7, worse even than during the Ford administration.”
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When people tell you that you need to watch more television or go out more and get intoxicated, it's not judgmental call to call these people ignorant. It's a logical call to call such people ignorant.
Showing the ignorance of others is a wake-up call to the reader. It is not "a boost to my ego." Your ego-boost analogy is similar to saying that Paul Revere's warning of the British encroachment was a boost to his ego.
"Telling the truth is a revolutionary act." - George Orwell
And the truth sometimes hurts. And nursing 101 tells you that pain is what it is, an indicator of a condition. It is neither negative or positive. And I don't "avoid others." I am merely quoting responses that actually took place, regardless of what you "think" or "believe."
i believe the unemployment of the masses in every nation to feed themselves thu having a job to pay bills is a staged situation set up by the elite who rule, and brainwash it's human property. (INTERNATIONAL BANKS CALL IT'S HUMAN MASSES PROPERTY RESOURCE) . by setting up 37% massive job loss in ANY CROWD, COMMUNITY, OR NATION, the crowd's unrest is ready, because the international banks OWN ALL ASSETS neither by deed of property, liens, and contract of ownership , ONE WAY OR ANOTHER so that the masses who recently got hungry, gets pissed off, feeling worthless to make a living, the masses are NOW ready to go to war on whatever lie or b.s. the elites SAY IS THE PROBLEM of why their masses are starving. Germany comes to mind of how these people had lost jobs, and what was blamed was the other nations surrounding them to not have food. so guess what happens. THIS TACTIC WORKS EVERY TIME ON THE MASSES TO GO RIOT ON OTHER NATIONS or tribes, city, etc. , AND NOT THE ELITES WHO CAUSE IT ON PURPOSE TO CREATE AN ARMY TO INVADE ANOTHER NATION FOR IT'S RESOURCES AND LAND THAT WAS PLANNED BY THE ELITE FEW TO BECOME A COLONY OF THE VICTOR INVADER.
HISTORY SHOWS THIS IS TRUTH OF MANKIND AND HOW IT IS RULED AND CONTROLLED BY FEAR AND HUNGER SO AS THE RULERS CAN CONTROL THE MINDSET OF THE MASSES.the other side of the coin so to speak is if all of us were rich and not needed to work to have food who would do the chores to keep the ball rolling without the sewers, water, food always maintain, what kind of brainwash works the best and still keeps the elite living the lifestyle of the heaven on earth for them not the masses. is mankind at a point in history where we have machines be the new beast of burden, i feel we are very close to this now.
blessings to all of us for we are all one
Maybe this is why Utah is buying RPG (rocket propelled grenade) launchers for its police departments and judges in California say it's okay for police to beat the homeless to death or tase them until the smell of burnt flesh is present.
The elite knows what is around the corner, and they remember what happened to Maria Antionette.
OMG - this is a lot worse than I thought - but you know the unemployment figures are ALWAYS cooked. This is the worse economic time we've had since the Great Depression (or maybe it's worse?).
And what's worst is when one tries to discuss this. The responses are usually that you're either "negative" or you're "racist" or you're "homophobic" or you "don't get wasted enough" or you "don't have enough sex" or you "don't watch enough television" etc.
Anything to avoid the reality of the situation.