Graffiti on the entrance
of a bank in New York City
This is a two-part report: The first
part deals with the incredible amount of lying that has been
going on with regard to the nation's unemployment numbers;
the second deals with the societal impact that unemployment
is having on the country - AND IT DEALS WITH THIS IN A CONCRETE
MANNER THAT UTILIZES THE "EYES-ON" OBSERVATIONS OF A COURAGEOUS
POLICE SERGEANT IN THE ATLANTA AREA. What
makes this important insofar as Christians are concerned is
that the business elites responsible for all the lying that's
been occurring have "tricked" American Christians into believing
that they are on the side of the "angels" - that is to say,
"Christ and the church" - when in fact they have no concern
at all for the message of the "Poor Carpenter of Nazareth."
This is part and parcel of the "GREAT DECEPTION" of the "end
of days" - tricking Christians into taking the side of the
"Let no man DECEIVE you by any
means: for that day shall not come, except there
come a falling away [APOSTASY] first, and that man of sin
be revealed, the son of perdition ..." [Please see our
Christianity in the Service of a Religio-Political-Corporate-Terrorist
Don't you allow yourself to be DECEIVED
IN YOUR EFFORT TO MAINTAIN YOURSELF ECONOMICALLY; some of
my closest companions have done so; and if they can "fall
away," so can you unless you pay very close attention to what
is happening. That's what prophecy is all about - guiding
you through the DECEPTION at the "end of the age." Please
also see our articles, "The
United States: Replicating the Slave Economy of the Old South
and Leaving Average Citizens to Sink into Poverty"
and "A Permanent 30%
UNEMPLOYMENT: THE REAL
By Dr. Martin D. Weiss
NOTE: This report
was published in March of 2009 when the unemployment rate
was 8.5 percent. At present, the unemployment rate is 9.6
percent. Thus, the so-called U6 Report (or "broad unemployment
rate") should read 17.6 percent rather than 15.6 percent,
and the REAL unemployment rate suggested by Dr. Weiss
should read 22.3 percent rather than 19.8 percent
(see graph below).
Many years ago, when Dad and I used to look at official data
and analysis, we knew they were flawed. So we developed our
own. That's how we figured out that the capital of savings and
loans banks [i.e., speaking of the S&L crisis of the 1980s
and early 1990s] was grossly overstated and that thousands of
S&Ls were headed for a massive bust. [NOTE:
747 S&L banks went bust leading to a $160.1 billion bail
out; we URGE you to see our article, "How
Washington Is Fooling You."]
Our awareness of the flaws was also a key factor in helping
us warn consumers prior to the failures of giant insurance companies
during the 1990s. It was critical to helping us warn you of
nearly every major financial failure in the debt crisis that
began more than two years ago. Plus, it's one of the main reasons
I believe the government's efforts to bail out Citigroup, AIG,
and other financial institutions are doomed to failure: Their
numbers are wrong, their theories are upside down, and they're
fighting the wrong war; but we're not the only ones finding
fatal flaws in official numbers and conclusions. John Williams
of ShadowStats.com has been persistently doing so with the government's
official data on inflation and unemployment, among other key
HIS LATEST ESTIMATE OF THE TRUE MARCH UNEMPLOYMENT RATE
IN THE UNITED STATES: 19.8 PERCENT! [22.3 PERCENT
today - see note above.]
Hard to believe? Then consider the facts:
Fatally Flawed Official Unemployment Number
The U.S. government's Bureau of Labor Statistics (BLS) shocked
the world Friday with the release of its official, headline
unemployment number: A surge from 8.1 percent to 8.5 percent.
But it's really a lot worse. This number (called "U-3″),
although invariably cited by the press in the headlines, is
the narrowest, most sugarcoated measure of U.S. joblessness:
It excludes workers seeking full-time jobs, failing to
find them, and then accepting part-time work that almost
invariably pays far less.
It excludes discouraged workers who have given up looking
for jobs because they can't find any.
And, as if that wasn't enough to color the truth, the
BLS has been consistently and grossly understating the current
unemployment numbers, not revising them until months later
when fewer people are paying attention.
Williams points out that:
"The pattern of impossible biases being built into the headline
monthly payroll employment continued with March 2009 reporting.
Instead of the headline jobs loss of 663,000, consistent application
of seasonal-adjustment factors would have shown a more-severe
monthly jobs loss of about 750,000. This upside reporting
bias has been seen in 11 of the last 12 months, with a rolling
12-month total upside headline-number bias of 1,345,000."
The proof: In every single one of its six most recent monthly
payroll reports, the BLS has announced massive upward revisions
in prior months' job loss numbers — with five of those even
exceeding its own guidelines for the acceptable margin of error
(plus or minus 5 percent).
Government Admits Some of the Flaws
The government also publishes a broader measure of unemployment
("U-6″), which corrects some — but not all — of the above
This measure includes many discouraged and part-time workers,
as it should. And, lo and behold, those adjustments alone add
more than seven full percentage points to the unemployment rate!
Instead of 8.5 percent unemployment, suddenly we see that we
have 15.6 percent unemployment , according the government's
Instead of a recession, suddenly we see that we are already
in a depression.
Most importantly, rather than a government that recognizes
the fundamental failure of its efforts over the years to pump-prime
the economy — with abundant cheap money, huge federal deficits,
and financial bailouts — we have a government that continues
to pursue this same folly with ever greater zeal.
It's the epitome of self-deception, leading to misguided policy
and, ultimately, causing extreme hardships for nearly everyone,
including unemployed officials themselves.
Government Still Fails to Admit ALL of the Flaws
Not only has the government excluded discouraged workers from
its headline number, manipulating the public's perception ...
it also distorts the way it measures discouraged workers. It's
a manipulation within a manipulation , which Williams explains
"During the Clinton Administration, 'discouraged workers'
— those who had given up looking for a job because there were
no jobs to be had — were redefined so as to be counted only
if they had been 'discouraged' for less than a year. This
... defined away the bulk of the discouraged workers."
In other words, if you've been a discouraged worker for less
than a year, you are among those counted in the broader 15.6
percent unemployment rate the government revealed on Friday.
But if you've been discouraged for more than a year, suddenly
and magically, the government says you're not "discouraged"
any more. In BLS newspeak, you're a non-discouraged, non-unemployed
non-person. You don't exist. Or maybe you just don't get what
the real definition of "is" is.
By Williams' and any reasonable person's definition, though,
you're still unemployed. You still need a place to live and
food to eat. And for Washington to make reasoned decisions,
you still need to be counted.
Result: Even the government's broadest measure of unemployment
— now at 15.6 percent — is grossly understated. The real figure,
Williams estimates, is 19.8 percent.
AND WE'RE STILL FAR FROM THE BOTTOM!
The peak unemployment rate in America's First Great Depression
was 25 percent. Trouble is, it's hard to pinpoint how the measurements
back then correspond to the various measures today.
Although the tools of official deception may have been less
developed, the real unemployment rate in the 1930s was probably
higher in those days as well — with many among the unemployed
falling through the cracks and simply never counted.
No matter what, the inescapable conclusions for today should
We are already in a depression.
Based on the government's own admission, we have high, double-digit
unemployment [based on the U6 Report]. That clinches it.
The economy's decline still has
a long way to go. Yes, on the eve of the BLS release
last Friday, some people were starting to talk about a "possible
bottom" in the economy — "maybe." But that talk ended abruptly
as soon as economists took one look at the release and realized
the utter speed of the decline. As The New York Times
explained on Saturday, "The severity and breadth of the job
losses in March — which afflicted nearly every industry outside
of health care — prompted economists to conclude that an agonizing
plunge in employment prospects was still unfolding."
The Obama stimulus package is too
little, too late for the economy. "When drafting
plans in January to spend roughly $800 billion to stimulate
the deteriorating economy," continues The New York Times,
"the Obama administration operated on the assumption that
the unemployment rate would reach 8.9 percent by the end of
the year — without the extra federal spending. Three months
into the year, the unemployment rate has already soared to
8.5 percent, from 7.6 percent, the highest level in more than
The Obama stimulus package is too
much, too soon for the bond market. With the economy
weaker than expected, you'd think bond investors, who traditionally
see a falling economy as the best antidote to inflation, would
rejoice. Instead, they're doing precisely the opposite. They
know that the stimulus package is driving the federal deficit
to an unheard-of $2 trillion. They know the Fed cannot cut
rates below zero. And so they're using every opportunity to
sell. Result: Even Friday, when the shocking jobless release
hit the newswires, bond investors dumped bonds, driving prices
lower and yields higher.
Government bonds are the next big
shoe to fall in this giant debt crisis. I don't
mean the government will default on its debt. What I'm referring
to is the market prices of medium- and long-term government
bonds. They're already falling sharply, driving long-term
rates higher. As the Treasury rushes to finance its recent
bailout frenzy, expect that trend to accelerate ...
Good luck and God bless!
Dr. Martin Weiss
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POLICE SERGEANT IN THE ATLANTA AREA
I enjoyed reading your synopsis of Don Peck's article regarding
joblessness and I wanted to expand a little bit on it from my
perspective. [Please see Don Peck's article, "How a Jobless
Era Is Transforming America."]
I am a patrol sergeant in a large metropolitan Atlanta law
enforcement agency. What I see on the street has surprised me
a little bit. When the recession started we all braced ourselves
for a hugeup-tickin crime, especially property crimes such as
burglary, entering auto, shoplifting and other types of theft.
We figured people would steal to "make ends meet",
doing whatever they had to do to survive. With one exception,
though, that didn't really come true. The one area we did see
an increase was theft of metal (scrap metal,catalyticconverters,
etc) when metal prices shot through the roof. That eventually
died down and it turns out it was the same people that were
committing these crimes before the recession, they were just
doing more of it. The lesson I learned from this was that criminals
were still criminals and regular people were still regular people.
One other area that has seen a dramatic increase is prescription
drug usage. People are self-medicating like never before. This
has spawned a new type of criminal as well...people that are
willing to forge prescriptions to get pills. But this is not
what has caused me the most concern.
What I have seen first hand has been a lot of suicides. Suicide
committed by middle- and upper-class folks who now think they
have no future because they lost all their money. I first came
to the realization that this was going to be a problem about
two years ago. I responded to a vacant piece of property that
was going to be a subdivision to find the property owner dead
from a self-inflicted gunshot wound. What surprised me was when
I went to speak to his widow and father afterward, I had to
be buzzed in through the gate and drive down the circular cobblestone
driveway to get to the million dollar home. Now in some parts
of the country (like California) a million dollar home is nothing
more than a decent 3 bedroom 2 bath house. Not here though.
This guy was obviously very well off with a pretty wife and
two young children. He was living the dream. That is until his
land investments had taken a nose dive and his family was now
on the verge of losing everything. He was one of the hardest
hit by the recession early on and there are many, many more
like him that span the middle- and upper-class spectrum that
have either contemplated or followed through with taking their
Like I said this problem spans a pretty broad spectrum of
folks who have been hit hard by the recession. But here are
the lessons I learned that I wanted to pass along:
Criminals are still criminals, no matter what the economic
Normal people do NOT turn to crime when times get tough.
Most of them downsize, buckle down and get as many jobs as they
can. A lot of them become like the women showcased in the book,
"Nickel and Dimed: On (Not) Getting by in America"
by Barbara Ehrenreich. I say women because of the STAGGERING
number of divorces that I see going on over economic problems,
but that is a whole 'nother topic!
Poor people remain poor. What I mean by this is that their
lot in life has not changed one bit by all this so nothing has
really changed with them. No surge in suicides, divorces or
God bless you guys, and thanks for all you do.
We need your help to spread the word concerning Antipas Ministries and the
eschatological viewpoint it represents; WE NEED YOUR
HELP BECAUSE WE DO NOT "LINK" WITH OTHER SO-CALLED "CHRISTIAN"
WEBSITES which are, for the most part, "in the tank"
insofar as their loyalty to the United States is concerned
- a loyalty that has made them partners in the BLOODY
trail the American military has left in its TERROR-RIDDEN
rampage throughout the world, as well as making them partners
in the abject poverty that American corporations have
imposed on the peoples and nations the American military
machine has ravaged - A BLOODY, TERROR-RIDDEN RAMPAGE
THAT HAS TO A LARGE DEGREE BEEN CARRIED OUT IN THE NAME
OF THE "PRINCE OF PEACE." [Please see our articles,
"The Third World
as a Model for the New World Order," Inside
the American New World Order System" and "The
American Empire: The Corporate / Pentagon / CIA / Missionary
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