Monster readers are aware that I have been saying (since before Obama was installed) that Americans needed to reduce their debt, buy gold and silver, start stocking up on food and staples, buy guns, ammo and tobacco, and get ready for hyper-inflation. If you have not stocked up on food, NOW would be that time as prices in the grocery stores are about to start climbing. They have already started going through the ceiling here in the islands. I am seeing 25% to 50% increases on normal everyday items.
This is today’s “MUST READ” article from The Economic Collapse about what the unemployment numbers released today actually mean, and what is happening in the greater economy.
On Friday, headlines across the United States declared that “unemployment remains unchanged at 9.6%”. Many analysts rejoiced and heralded this announcement as a sign that we have hit bottom and that things will be turning around soon. But is that the truth? A closer look at the unemployment numbers reveals some disturbing facts. For example, according to the Bureau of Labor Statistics, a broader measure of unemployment that includes workers that have stopped looking for work rose sharply to 17.1%. But that is not the only troubling sign from this past week. Agricultural commodities continue to skyrocket, which means that food price increases are on the way. The foreclosure “robo-signing” crisis continues to escalate, and that threatens to throw the entire mortgage industry into a state of absolute turmoil. Meanwhile, the U.S. national debt continues to grow and wealth continues to leave the United States at a dizzying rate.
So is there reason for optimism?
No, not really.
10 – It appears that some weird games are being played with the national debt numbers. Back on September 29th, the U.S. national debt was 13.466 trillion dollars. On September 30th, the U.S. national debt soared to 13.561 trillion dollars. Then on October 1st, the beginning of the new fiscal year for the federal government, the U.S. national debt jumped up to 13.610 trillion dollars. So how in the world does the U.S. national debt jump by a whopping 144 billion dollars in just two days? Somebody has some explaining to do for this kind of accounting.
Make sure to hit the link and go over and check out the first nine. It is information you need.