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Dumb question about hyperinflation ... or maybe not
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<p>[QUOTE="Vess1, post: 788428, member: 13650"]Completely agree on both points.</p><p><br /></p><p> Most everything reported is bogus. When they report that unemployment was 10.2 percent, the economy had a net loss of 'X' number tens of thousands of jobs in the next month, but unemployment numbers <b>dropped</b> to 10% *<b>after the net loss</b>* (because how many millions stopped looking for work or settled for underemployment?), what has any competent person to really gain from that percentage figure they throw out?</p><p><br /></p><p> If you read or listen to any other non-MSM or government source, real unemployment is between 17 to 22% at this time. The official numbers aren't even calculated the same way they were 20 years ago in order to make things look better than they are. Most people don't know that. </p><p><br /></p><p> Which is not a surprise because most people have forgotten they were getting the "Making Work Pay" tax credit back incrementally on their pay checks since last April as well, and that was implemented less than a year ago. (And, they don't realize yet that their tax returns will be significantly less this year because of it.... if they don't end up paying more in.) </p><p><br /></p><p> Inflation is never accurate either. Didn't even think it was debatable, but perhaps it was just the wording you chose in order to appease a handful of trusting people.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 788428, member: 13650"]Completely agree on both points. Most everything reported is bogus. When they report that unemployment was 10.2 percent, the economy had a net loss of 'X' number tens of thousands of jobs in the next month, but unemployment numbers [B]dropped[/B] to 10% *[B]after the net loss[/B]* (because how many millions stopped looking for work or settled for underemployment?), what has any competent person to really gain from that percentage figure they throw out? If you read or listen to any other non-MSM or government source, real unemployment is between 17 to 22% at this time. The official numbers aren't even calculated the same way they were 20 years ago in order to make things look better than they are. Most people don't know that. Which is not a surprise because most people have forgotten they were getting the "Making Work Pay" tax credit back incrementally on their pay checks since last April as well, and that was implemented less than a year ago. (And, they don't realize yet that their tax returns will be significantly less this year because of it.... if they don't end up paying more in.) Inflation is never accurate either. Didn't even think it was debatable, but perhaps it was just the wording you chose in order to appease a handful of trusting people.[/QUOTE]
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Dumb question about hyperinflation ... or maybe not
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