. . .
J “Bankruptcies are up.”
K “And layoffs are rising.”
. . .
J “Foreclosures for property owners.”
K “Evictions for tenants.”
. . .
K “Washington and Wall Street continue to strip mine the American middle class.”
J “And do not remediate and reforest the lives and communities uprooted and destroyed in the process.”
. . .
K “The BLS, the Bureau of Labor Statistics, should drop the pretense and drop the ‘L’ in its name. The unemployment figures are a fraud.”
L “The National Bureau of Economic Research would not recognize a recession if it announced itself with flashing lights and marching band. I can see the lights and hear the band.”
. . .
K “And inflation is much higher than the figures distorted by the government. Some say the consumer price index known as the CPI should be called the ‘CP Lie’.”
J “Yet the thing we call the economy for the wealthy goes on its merry way.”
. . .
K “Maybe.”
J “Maybe.”
. . .
[Listen to the discussion titled “The Plunderers Now Run Our Economy” with Gretchen Morgenson interviewed by Adam Taggart at “Thoughtful Money” dated July 22, 2024. Reflect on the figures on layoffs, quits and hires at “Daily Job Cuts” and on public job cuts at MacroEdge’s “Job Cuts Tracker”. See the figures on real inflation at “ShadowStats”.]
[See the e-commentary at Is Inflation Inflating!?!? (April 26, 2021) written at a time when those in power insisted that inflation was transitory, Sixth Annual Noble Prize In Eco-nomics (October 11, 2021) acknowledging the work of John Williams accurately tracking the true rate of inflation at “Shadowstats”, Interning For Clio: Collecting, Protecting And Preserving The Record (April 4, 2022), The Taxonomy Of The American Economy (May 21, 2018) and Does Any Institution In America Function? Oh, And Happy Friday The 13th! (December 9, 2019) discussing, among other institutions, the Bureau of Labor Statistics and its fraudulent employment numbers.]
Bumper stickers of the week:
Unemployment: https://dailyjobcuts.com/ and https://www.macroedge.net/job-cuts-tracker
Inflation: http://www.shadowstats.com/
Fraud + Fraud + Fraud + Fraud + Fraud = / = Truth
Brother, can you spare a dime?
e-commentary 