The folks over at ZeroHedge have come out with some extremely bad economic news, noting that a million jobs are going to go poof and disappear into thin air, which is going to make an already horrifically bad economy even worse. The middle class is being eradicated one step at a time by progressive policies that are spiking inflation, which is causing the cost of living to skyrocket. Going to the grocery store now comes with a surgeon general’s warning because picking up a box of Lucky Charms comes with such a bad case of sticker shock you might have a coronary.
Am I exaggerating?
I mean, somebody, somewhere might have a heart attack after finding out the price of a pack of toilet paper is now the soul of their first born, but for the most part, yes, I’m using hyperbole to make my point. Food prices are so high it’s putting extra financial strain on regular, every day Americans. Middle-class folks are no longer living comfortably, but are having to try and stretch out their resources paycheck-to-paycheck.
So why are all these jobs going bye-bye?
“Why 1 million jobs will be quietly removed from the payrolls? Because as noted below, 57% of all YTD jobs are statistical fakes from Birth/Death adjustment which assume the same new business vibrancy as just after covid (which was mostly to facilitate PPP fraud),” ZeroHedge said in a post published on X.
Why 1 million jobs will be quietly removed from the payrolls? Because as noted below, 57% of all YTD jobs are statistical fakes from Birth/Death adjustment which assume the same new business vibrancy as just after covid (which was mostly to facilitate PPP fraud) https://t.co/YHvKRyYFds
— zerohedge (@zerohedge) August 20, 2024
The question you’re probably wondering is whether or not this information is going to change the unemployment rate. Payrolls and unemployment rates come from two separate surveys, according to ZeroHedge. The account explains that the unemployment rate reflects the millions of illegal immigrants who are working here in the United States, with the vast majority of them not having work permits.
Payrolls and Unemp rate are derived from two different surveys. What the unemp rate reflects is the millions of illegal aliens working, many/most of whom don't have work permits
See this https://t.co/tXI6dUruxh
— zerohedge (@zerohedge) August 20, 2024
One of the takeaways from this is a fact that we all pretty much know already. The government lies through their teeth. If a government official, particularly one from the Biden administration, is moving his/her lips, they’re lying. We’ve known that’s how the government functions for a long time, but it’s like they aren’t really trying that hard to cover their tracks anymore.
One user in the replies to the original post asked a pertinent question. When a person lies about their numbers as a means of inflating stocks, the SEC launches an investigation and wrongdoing is punished swiftly and with a vengeance. So who’s investigating the government for engaging in a similar practice?
when people lie about numbers to inflate stocks, the SEC investigates them
so, who investigates the government?
— gosuprime (@gosuprime022) August 20, 2024
We’re headed for rough waters, ladies and gentlemen. I know, I know. You thought the waves were already pretty choppy. They are. But the real waves are coming on the horizon and they’re massive. Pray. Prepare. Never lose hope.
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