if you've been here before you already know i like just about everything this guy says, in terms of it being reality and well said. more, as usual, at the link;
The US government and the presstitutes that serve it continue to lie
to us about everything. Today the Bureau of Labor Statistics told us
that the unemployment rate was 3.9%. How can this be when the BLS also
reports that the labor force participation rate has declined for a
decade throughout the length of the alleged economic recovery and there
is no upward pressure on wages from full employment. When jobs are
plentiful, people enter the labor force to take advantage of the work
opportunities. This raises the labor force participation rate. When
employment is full—which is what a 3.9% unempoyment rate means—wages are
bid up as employers compete for scarce labor. Full employment with no
wage pressure and no rise in the labor force participation rate is
impossible.
The 3.9% unemployment rate is not due to employment. It results from
not counting discouraged workers who have ceased to search for jobs
because there are no jobs to be had. If an unemployed person is not
actively searching for a job, he is not counted as being in the labor
force. The way the unemployment rate is measured makes it a hoax.
The government tells us that there is essentially no inflation
despite the fact that prices have been rising strongly—the price of
food, the price of home repairs, the price of drugs, the price of almost
everything. Two years ago the American Association of Retired People’s
Public Policy Institute reported that the average retail drug price has
been increasing “at a worrying pace of 10 percent a year, and about 20
drugs have astoundingly had their prices quadruple since just December.
Sixty drugs doubled over the same period. Turing Pharmaceuticals, headed
by Martin Shkreli, is one of the most pronounced examples of this kind
of behavior. The company bought a lifesaving cancer medication only to
increase its price from $13.50 to $750 per pill.” https://www.rt.com/usa/334004-drug-prices-doubled-years/
https://www.paulcraigroberts.org/2018/08/03/americans-live-in-a-world-of-lies/
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