Lets talk about this awesome jobs report that came out on friday.
So as a country we added 222,000 new jobs, you probably thinking, wow that's great, good news. Well considering that about 80% of news, is fake news, what is the chance of this being completly accurate?
You have to pay attention to the small things in this report like, average hourly rate was at $26.25. Now before you get happy about that number, ask your self how many people do you know that make $26.25 an hour, because I dont know of very many. In fact the highest paid person that works for me (I am a store manager for a retail company) makes $15.40, which is already double the federal minimum wage of $7.25.
This picture is probably closer to the average rate, think about why and how could the average rate by 4 times higher then the minimum wage.
So, do you still have the blindfold on, maybe just peeping out of the top corner of it, go ahead and take it off, you will need both eyes for this next one.
Unemployment rate went higher from 4.3% to 4.4%, I know your thinking that this is a pretty good number, which it is, in real life but this isnt real life. That number only represent the percentage of Amercans that are currently getting unemployment benefits. You know, that program does run out, dont quote me but I think you can only be on unemployment for 52 weeks. So what happens to you after the unemployment runs out? Well, you get tossed into the group of people that call themselves, not in the work force. Now this could be by choice or you just cant find work and your unemployment has run out, anyways the group currently has 95,000,000 memebers, I will say that again 95 million members, belong to the not in the work force group.
So know how good is that unemployment rate?
You have to take the blindfold off sometimes and look at what's going on around you.
These are difficult times for a lot of people, are government is doing a good job at putting the blindfolds on us and making it seem alright. It is so far from alright.
Protect your self, by not allowing them to put that blindfold back on you.
Untill we meet again, find something to invest that paper dollar in. Remember its just paper.
Silver and gold are on sale as we speak.
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