Paul Bedard
washingtonexaminer.com
January 21, 2014
Don’t believe the happy talk coming out of the White House, Federal Reserve
and Treasury Department when it comes to the real unemployment rate and the true
“Misery Index.” Because, according to an influential Wall Street advisor, the
figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the
actual unemployment rate of those not working at a sky-high 37.2 percent, not
the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the
8 claimed by the government.
Marotta, who recently advised those worried about an imploding economy to get
a gun, said that the government isn’t being honest in how it calculates those
out of the workforce or inflation, the two numbers used to get the Misery Index
figure.
Read more
Tuesday, January 21, 2014
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