In effect, the mainstream media is a vast Psychological Operation (PSYOPS) aimed at persuading the American public that the status quo Imperial system of predatory, debt-based crony-capitalism that benefits the few at the expense of the many is not just beneficial to all its debt-serfs and welfare recipients, but it is the only possible system–there is no alternative(TINA).
One of the greatest and most important PSYOPS of the Imperial State (U.S. Government) and its faithful lapdog the mainstream media is the unemployment rate. As I will show tomorrow, the real unemployment rate is between 20% and 40%, depending on whether you think someone earning $1,500 a year selling stuff on eBay and Etsy should be counted as “employed.”
The federal government is delighted to count everyone earning $100 a year as employed, and equally delighted to label everyone without a job (even one paying $100/year) who doesn’t qualify for unemployment insurance a job market zombie–a once living person who is no longer counted as among the living.
These zombies are non-participants in the labor market, i.e. not in the labor force. They might be able to work, and want to work, but they’re considered zombies once they’re no longer “actively seeking work.” But is this the proper metric for measuring the unemployment rate? It is obvious that the unemployment rate should be calculated on the total work force (those of working age 18 – 65 who are not institutionalized or permanently disabled) and those with real jobs, i.e. ones that generate enough income to get close to the poverty line.
Here is our phantom economy on display: 93 million people are no longer counted as being in the work force. They are officially declared zombies, and that’s how the federal government can claim an “official” employment rate of 5.6%.
Full Story @ [charleshughsmith]