Saturday, December 06, 2014

Why is the Bureau of Labor and Statistics Distorting the Employment Numbers?

The BLS reported yesterday that the U.S. economy added 321,000 in November.  What?  How does that align itself with the "Household Survey Data?"  According to my math, we lost 270,000 jobs!  (See the following table.) 

Joseph Goebbels would be proud on how the Bureau of Labor and Statistics (BLS) distorted the truth about November's employment numbers.  (Joseph Goebbels, if you forgot, was the Reich Minister of Propaganda in Nazi Germany from 1933 to 1945. His infamous quote is so true today, which is as follows: "If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic, and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.")





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