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  • Government's Next Lesson: Small Is Beautiful [View article]
    It is impossible to fathom the stupidity of both the government and investors today. We are NOT in a recession. It is much worse. We are in a GREAT DEPRESSION! It is sad to see investors returning to the market so early. Here’s the important reason why: right now the TRUE state of the US is similar to that of most 3rd world countries and getting much worse. The figures shy away from the truth because investors are so intent to force out a false hope with unreasonable inflation in market values while they try to quickly recover their losses within the next few years. But the figures obscure reality, one is is in unemployment. Initials claims dropping this month is HORRENDOUS NEWS. People aren’t beginning to claim unemployment this month because THEY WERE ALREADY LAID OFF and have been for over a year now. The government has already stated the recession began in 2007 but failed to label it as a depression. Instead, they should have looked at continued claims clearly up 200% and climbing, but even those figures lie since unemployment can only be claimed for up to 6 months, after that the government lies and removes you from the counts. The truth is, nearly everyone that lost there jobs last year are still without work, and those people that have kept their jobs are either working less hours or being laid off this month and won’t be included in the unemployment counts because they are ineligible to file for unemployment. Also not included in the counts are those that have lost their second job, since they too are ineligible to file as well. THE TRUTH IS AT LEAST 15% OF THE NATION IS CURRENTLY UNEMPLOYED AND RISING! I would expect it to reach some 25% by February with poverty reaching above 40% in addition to already rising energy and commodity pricing. Why am I the only one to see this?
    Dec 04 11:57 am |Rating: +2 -1
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