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Title: The Shocking Reality: This Chart Shows Just How Bad Unemployment Is Today Compared to The Great Depression
Source:
Daily Sheeple
URL Source: http://www.shtfplan.com/headline-ne ... -the-great-depression_10032015
Published: Oct 3, 2015
Author: Mac Slavo
Post Date: 2015-10-06 09:32:39 by Deckard
Keywords: None
Views: 1063
Comments: 12
While the Obama administration and their mainstream surrogates maintain that the economy is growing at a booming pace, the reality of the situation is starkly different. According to a report from the Bureau of Labor Statistics some 94.6 million Americans (age 16 and over) are either not working or have made no effort to find a job. With a population of 320 million, that means nearly one in three people in the United States are currently out of work. The Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks. The number of individuals out of the work force last month — due to discouragement, retirement or otherwise — represented a substantial 579,000 person increase over the most recent record, hit in August, of 94,031,000 people out of the workforce. Curiously, the official unemployment rate remained unchanged at 5.1%, suggesting that some 95% of people actually have jobs. But as we’ve repeatedly pointed out, that number has been completely skewed over the last two decades as it fails to account for people who have stopped looking for work (because there are no actual jobs available). According to John Williams of Shadow Stats, if we were to calculate unemployment using the same metrics as we did during the 1930’s, or even the 1980’s, we’d already be in Great Depression territory. Williams, who utilizes a reporting methodology that accounts for “long-term discouraged workers who were defined out of official existence in 1994,” notes that the real unemployment rate is rapidly approaching 25%. Now compare the above chart to similar measurements from the 1930’s and you’ll see just how bad things really are: It’s so bad, in fact, that we have seen sustained unemployment exceeding that of the Great Depression for almost the entirety of Barack Obama’s Presidency. But how can it be possible to have a full-fledged recovery and record stock prices when nearly one-third of the adult population is not working? If the government is to be believed, it’s because our economy continues to grow at a pace of about 2%. But once again, if we calculate the real growth rate and adjust for inflation, we see exactly why jobs are non-existent and getting worse every month. The following chart made available by Williams shows that despite a positive “official” GDP growth rate being disseminated to the public, the reality is exactly the opposite. The U.S. economy is by all accounts shrinking and has been doing so for the better part of a decade: We’ve already witnessed numerous shocks to the global economy over recent weeks and the prospects of any sort of stability just went out the window. There is no recovery. There are no jobs. There is no growth. The United States, regardless of what is being said by mainstream financial pundits or believed by their TV-watching myrmidons, is now (and has been for quite some time) in a recession. What’s worse is that most have no clue of how bad things really are or that they are witnessing America’s Second Great Depression. We have seen many prognostications of what might happen in the Fall of 2015 and beyond. For now, we have avoided the Doomsday event many have feared. But as The Prepper’s Blueprint author Tess Pennington notes, this doesn’t mean we should ignore the real possibility of a wide breadth of potential outcomes from economic malaise and geo-political tensions: So the world didn’t end, but we should face the facts that our world is exponentially changing. In the last ten years, it has changed so dramatically that many of us do not recognize it. Riots, extreme climate changes, epidemics, unemployment, political upheaval, I could go on, but I think you get the picture. These changes are the events you should prepare for. Preparing for a singular event is impractical and will leave you exposed and with gaps in your preparedness plan. That said, if your preps were well-rounded enough, you can insulate yourself from many different forms of disasters: natural, personal, economic, societal, etc. Once you are prepared for a multitude of events, you don’t worry as much. There are always events that are out of our control. The only control we have is to be ready for them the best we can by being prepared, self-reliant, not depending on the system, and changing our perception about disasters. The collapse that many have suggested will take place at some point in the future is actually happening right here and now. If the charts above are accurate – and we believe they are – then America is already in the throes of its next Great Depression. 
(Desperate Americans stand in soup kitchen lines and look for work. Circa 1929) 
(via Casey Research) 
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#1. To: Deckard (#0)
Shocked? Hardly. What we are experiencing is the result of the policies, trade treaties pushed by and implemented for the corportatist, globalist / NWO / CFR crowd. Hang them all! To hell with the rest of the world, we should put the USA first! Bring the industries and jobs back to the USA. Si vis pacem, para bellum Those who beat their swords into plowshares will plow for those who don't Rebellion to tyrants is obedience to God.
Politicians consider being on welfare a full time job, they consider being on welfare gainful employment.
It's all Bush's fault -- Poppy & Dubya both... the damage is irreversible... the only alternative is to dismantle the Globalist Plutocracy and spread the wealth in a more compassionate and equitable manner.
It also shows that "full" employment is 11% unemployed. Meaning the real unemployment is 14% -- according to this invented "ShadowStat. When people stop looking for work (and are therefore not counted under U3), U6 is the best measurement of unemployment.
... if we were to calculate unemployment using the same metrics as we did during the 1930’s, or even the 1980’s, we’d already be in Great Depression territory. Williams, who utilizes a reporting methodology that accounts for “long-term discouraged workers who were defined out of official existence in 1994,” notes that the real unemployment rate is rapidly approaching 25%. In a Cop Culture, the Bill of Rights Doesn’t Amount to Much Don't forget Obama, Clinton, Carter, Nixon and LBJ. I would through JFK in but he was not in long enough to do much. You can thank LBJ for that or the mob. Not sure which one but I still think it was LBJ being that it happen in Texas.
JFK, A Conservative by Today’s Standards Unlike many of his fellow alumni from Harvard, especially our current president, JFK understood economics. Shortly after he was sworn in, the President said, “Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased — not a reduced — flow of revenues to the federal government.” He was the first supply-side president, and understood that the key to economic growth is to free up capital for private investment that creates jobs, makes and sells things, and increases the standard of living for the entire country. After all, he had history on his side, and it had worked for nearly 200 years. “Our tax system still siphons out of the private economy too large a share of personal and business purchasing power and reduces the incentive for risk, investment and effort — thereby aborting our recoveries and stifling our national growth rate,” he said. And on another occasion, “It is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now… And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy, which can bring a budget surplus.” JFKs tax cuts were passed posthumously in February, 1964. The result of those significant tax cuts, which still didn’t go as far as he wanted them to go, had dramatic effects on the economy. Real GDP grew at 5.8% in 1964, 6.5% in 1965, and 6.6% in 1966, while the unemployment rate declined from 5.2% in 1964 to 3.8% in 1966, falling all the way to 3.5% in 1969. And, as predicted by our first supply-side president, tax revenues increased dramatically, from $94 billion in 1961 to $153 billion in 1968. He not only understood real-world economics, but he understood the proper role of government in a free society, as America was founded to be. He said to the New York Economic Club in December, the year before he died, “The federal government’s most useful role is not to rush into a program of excessive increases in public expenditures, but to expand the incentives and opportunities for private expenditures.” In other words, foster a climate that is conducive to economic growth, rather than creating government programs – expenditures, as he referred to them – which siphon the lifeblood out of a free economy. JFK was a Reaganite, economically speaking, before Reaganites even existed. **** Modern Democrats Would View John F. Kennedy As A Reaganite Extremist In a Cop Culture, the Bill of Rights Doesn’t Amount to Much To bad his family wasn't! Yes by today's standard he makes any busy look a like the progressive liberal they are.
You got that right. Bobby wasn't half bad, but Teddy was a certified disaster. It's a shame that Hillary had John Jr. killed in order to guarantee her senate seat in New York. Had he lived, Hillary would never have won and would have been reduced to a nobody. In a Cop Culture, the Bill of Rights Doesn’t Amount to Much Excellent syncophant response from an Obama asshole licker. You intellectually bankrupt turds are so well knownand revered by the Drat thugocracy that the DRats had breath mint suppositories manufactured for the flock. потому что Бог хочет это тот путь
Excellent syncophant response from an Obama asshole licker. He has a point. This recession didn't just suddenly materialize when Obama became president. GW set the stage for all of Obama's unconstitutional actions. Of course it goes back further - Clinton, GHW Bush, etc. The coming financial collapse is being orchestrated by the banksters and by the corrupt fed.gov. In a Cop Culture, the Bill of Rights Doesn’t Amount to Much Wrong. You need to learn more about U.S. history. It first started with George Washington and almost all POTUS since has fractured or broken the Constitution in an ever expanding degree. Obama learned well from his predecessors, very well indeed. потому что Бог хочет это тот путь
" The Shocking Reality: This Chart Shows Just How Bad Unemployment Is Today Compared to The Great Depression "
#2. To: Deckard (#0)
#3. To: Deckard (#0)
#4. To: Deckard (#0)
"notes that the real unemployment rate is rapidly approaching 25%."
#5. To: misterwhite (#4)
It also shows that "full" employment is 11% unemployed. Meaning the real unemployment is 14% -- according to this invented "ShadowStat.
“Truth is treason in the empire of lies.” - Ron Paul
Americans who have no experience with, or knowledge of, tyranny believe that only terrorists will experience the unchecked power of the state. They will believe this until it happens to them, or their children, or their friends.
Paul Craig Roberts
#6. To: Willie Green, Deckard (#3)
It's all Bush's fault -- Poppy & Dubya both... the damage is irreversible... the only alternative is to dismantle the Globalist Plutocracy and spread the wealth in a more compassionate and equitable manner.
#7. To: Justified (#6)
I would through JFK in but he was not in long enough to do much.
“Truth is treason in the empire of lies.” - Ron Paul
Americans who have no experience with, or knowledge of, tyranny believe that only terrorists will experience the unchecked power of the state. They will believe this until it happens to them, or their children, or their friends.
Paul Craig Roberts
#8. To: Deckard (#7)
JFK, A Conservative by Today’s Standards
#9. To: Justified (#8)
(Edited)
To bad his family wasn't!
“Truth is treason in the empire of lies.” - Ron Paul
Americans who have no experience with, or knowledge of, tyranny believe that only terrorists will experience the unchecked power of the state. They will believe this until it happens to them, or their children, or their friends.
Paul Craig Roberts
#10. To: Willie Green (#3)
It's all Bush's fault --
#11. To: SOSO, Willie Green (#10)
It's all Bush's fault --
“Truth is treason in the empire of lies.” - Ron Paul
Americans who have no experience with, or knowledge of, tyranny believe that only terrorists will experience the unchecked power of the state. They will believe this until it happens to them, or their children, or their friends.
Paul Craig Roberts
#12. To: Deckard, Willie Green (#11)
GW set the stage for all of Obama's unconstitutional actions.
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