Crash In US Economic Fundamentals Is Accelerating – © blogfactory
GDP rigging is mostly a government affair, as much of how GDP is calculated today includes government spending. So, even though the government has to steal your money through taxation in order to then spend money, government spending is still counted as “production”. This includes programs like Obamacare, which despite assumptions among some conservatives, continues to operate today. “Official” establishment estimates of government spending as a percentage of GDP stand at around 20%. More accurate estimates accounting for ALL expenditures show that US government spending accounts for around 35% of GDP. This is an enormous fraud.
Most of my regular readers know full well how unemployment numbers are rigged to show recovery; but to summarize, around 95 million working-age Americans who are unemployed are not counted as unemployed by the Bureau of Labor Statistics because they have been jobless for long enough to be removed from welfare benefits rolls. Now, to be clear, the BLS does keep track of this statistic, but, they DO NOT treat it as a measure of unemployment when reporting their stats to the public.
To clarify, 102 million WORKING-AGE people (counted and not counted as unemployed) are jobless in the US. This is almost 50% of the total 206 million working age people in the country. Yet, the BLS reports the unemployment rate at an astonishing 4%. Recovery indeed…