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The Real Reason America Is Collapsing

Who else has noticed that the decline in America and the American way of life is accelerating? Day after day more and more families struggle to put food on the table, to keep a roof over their heads. We are in this situation because we have had successive governments that have totally and utterly failed to invest in the future of this great country. The economy is collapsing because ...Read full article...

33 Ways to Earn a Living Without a Traditional Job

Most people these days do not own their time. They have to abide by someone else’s schedule, accept the amount of money that an employer is willing to pay and organize their lifestyles around those hours, allotted money, and rules. When people of my generation were growing up, many of our parents worked at the same job for decades, providing stability for us and our siblings. Times have changed, though. ...Read full article...

Another U.S. Phone Jobs Report

As John Williams has made clear, the monthly payroll jobs number consists mainly of an add-on factor of 200,000 jobs. These jobs are a product of the assumption in the Birth-Death Model that new business ventures create more unreported new jobs than the unreported job losses from business failures. If we subtract out this made-up number, July saw a gain of 55,000 jobs, not enough to keep up with ...Read full article...

US Government Employment Lies

Today the Bureau of Labor Statistics announced that the US economy only created 38,000 new jobs in May and revised down by 59,000 jobs the previously reported gains in March and April. Yet the BLS reported that the unemployment rate fell from 5.0 to 4.7 percent, a figure generally regarded as full employment. The May jobs increase only covers a small fraction of the monthly growth in the labor ...Read full article...

The Real Reasons why Trump is Winning the Primaries

NEW YORK – While most media focus all attention on the personality cult behind the Trump brand, or the idea that he hates Muslims, Blacks and Hispanics, here we will tell you why Donald J. Trump is ahead in the polls and why his message resonates more than that of any other candidate. First of all, Trump has made a signature of his campaign to talk about issues that ...Read full article...

Instead of Providing “Safe Spaces” This University Teaches Survival Skills

Once upon a time, the goal of higher education was to prepare kids for life, but in past decades they’ve gotten further and further from that path. Now, in an era of crybabies and safe spaces, one university teaches survival skills and is completely bucking the status quo. Frostburg State University has a freshman-level interdisciplinary course called Doomsday Preppers and Surviving the Unexpected Emergency, playing off the popularity of the National Geographic ...Read full article...

Deutsche Bank cuts 35.000 Jobs in Latin America

eutsche Bank, the biggest German bank, announced yesterday what it called a major restructuring. Its new president, John Cryan, used his first press conference to present hard adjustment plans “to clean up the bank”. After taking record losses of more than 6 billion euros in the third quarter, Cryan said the bank will reduce its workforce by more than 35,000 employees in the next two years. The bank will ...Read full article...

US On Road To Third World

n January 6, 2004, Senator Charles Schumer and I challenged the erroneous idea that jobs offshoring was free trade in a New York Times op-ed. Our article so astounded economists that within a few days Schumer and I were summoned to a Brookings Institution conference in Washington, DC, to explain our heresy. In the nationally televised conference, I declared that the consequence of jobs offshoring would be that the US would ...Read full article...

The US Economy Continues Its Collapse

Do you remember when real reporters existed? Those were the days before the Clinton regime concentrated the media into a few hands and turned the media into a Ministry of Propaganda, a tool of Big Brother. The false reality in which Americans live extends into economic life. Last Friday’s employment report was a continuation of a long string of bad news spun into good news. The media repeats two ...Read full article...

No Economy For Americans

The Dow Jones stock average closed Friday at 17,137, despite the fact that the payroll jobs report was a measly 125,000 new jobs for August, an insufficient amount to keep up with the growth in the working age population. The low 125,000 jobs figure is also inconsistent with the Bureau of Economic Analysis’  second estimate of second quarter 2014 US GDP growth of 4.2 percent–a figure beyond the capability ...Read full article...

The Offshore Outsourcing of American Jobs: A Greater Threat Than Terrorism

Is offshore outsourcing good or harmful for America? To convince Americans of outsourcing’s benefits, corporate outsourcers sponsor misleading one-sided “studies.” Only a small handful of people have looked objectively at the issue. These few and the large number of Americans whose careers have been destroyed by outsourcing have a different view of outsourcing’s impact. But so far there has been no debate, just a shouting down of skeptics as “protectionists.” ...Read full article...

Virtual Economy’s Phantom Job Gains Are Based on Statistical Fraud

Washington can’t stop lying.  Don’t be convinced by last Thursday’s job report that it is your fault if you don’t have a job. Those 288,000 jobs and 6.1% unemployment rate are more fiction than reality.  In his analysis of the June Labor Data from the Bureau of Labor Statistics, John Williams (www.ShadowStats.com) wrote that the 288,000 June jobs and 6.1% unemployment rate  are “far removed from common experience and ...Read full article...

Fake Employment Statistics: More Phantom Jobs Created in America

Last April I saw a report that 83% of May’s college graduates did not have a job. I remarked that in my day most of us had 2 or 3 jobs or graduate school offers before we graduated. The latest payroll jobs report issued on June 6 proves that the April report was true. My opinion, schooled in part by John Williams’ very precise reports on Shadowstats.com, is that ...Read full article...

Unemployment and Low Wage Employment in America

The March payroll jobs report released April 4 claims 192,000 new private sector jobs. Here is what John Williams has to say about the claim: “The Bureau of Labor Statistics (BLS) deliberately publishes its seasonally-adjusted historical payroll-employment and household-survey (unemployment) data so that the numbers are neither consistent nor comparable with current headline reporting.  The upside revisions to the January and February monthly jobs gains, and the relatively strong ...Read full article...

No Jobs, No Economy, No Prospects For Peace Or Life

Over the decades various administrations, seeking to improve their economic record, monkeyed with economic statistics to the point that the statistics are no longer meaningful. According to Friday’s (March 7) payroll jobs report, the US economy created 175,000 new jobs in February. If you believe that, I have a bridge in Brooklyn that I’ll let you have at a good price. Even if 175,000 jobs were created in February–remember ...Read full article...
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