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Wall Street advisor: Actual unemployment is 37.2%, 'misery index' worst in 40 years
http://washingtonexaminer.com via Drudge ^ | JANUARY 21, 2014 AT 1:08 PM | By PAUL BEDARD

Posted on 01/21/2014 11:46:47 AM PST by F15Eagle

Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn't being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.

“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.

“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent.

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bho44; bhoeconomy; bhowallstreet; democratlies; depression; economy; jimmycarter2; layoffs; miseryindex; obamaeconomy; obamalegacy; obamalies; obamanomics; realunemployment; unemployment; unemploymentgraph; usa
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I believe this number to be highly-accurate. It is nothing I've ever seen before in my entire life. Not even around 1980.

Obama and the NWO (or whatever) crowd are only going to be able to keep lying for so long.

Years ago I felt I also needed to suggest to people how to store food, water.

I suggest all prepare.

1 posted on 01/21/2014 11:46:47 AM PST by F15Eagle
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To: 444Flyer; Diana in Wisconsin; svcw; Esther Ruth; GiovannaNicoletta; Diogenesis; EternalVigilance; ..
Should the Lord tarry, I suggest some level of preparation.





2 posted on 01/21/2014 11:47:48 AM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Kartographer

fyi


3 posted on 01/21/2014 11:48:38 AM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: F15Eagle

I, too, see that number as accurate. We are in a severe depression.


4 posted on 01/21/2014 11:49:22 AM PST by CodeToad (When ignorance rules a person's decision they are resorting to superstition.)
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To: F15Eagle

typo

It is LIKE nothing I’ve ever seen before in my entire life

(forgive the colloquial grammar)


5 posted on 01/21/2014 11:50:08 AM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: F15Eagle
Bttt.

5.56mm

6 posted on 01/21/2014 11:50:25 AM PST by M Kehoe
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To: CodeToad

With the potential to be worse than the 1930’s - IMHO, because of the sizable population of the USA and the tens of millions of deluded Obama-lovers amongst us.


7 posted on 01/21/2014 11:51:22 AM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: F15Eagle

My wife is a homemaker. Is she included in that 37%


8 posted on 01/21/2014 11:52:22 AM PST by Dr. Sivana (The only thing that can save us is if Kerry wins the Nobel prize and leaves us alone.--Moshe Yaalon)
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To: F15Eagle; GeronL; Revolting cat!; Slings and Arrows

Things will improve when Obama loses HIS job.


9 posted on 01/21/2014 11:53:00 AM PST by a fool in paradise ("Health care is too important to be left to the government.")
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To: F15Eagle

The numbers are on target. The only reason we don’t have bread lines, soup lines, Hoovervilles and seething mobs is a combination of bread and circuses. The bread is EBT cards, extended unemployment benefits and subsidies. The circuses are reality TV, the NFL and NASCAR.


10 posted on 01/21/2014 11:53:28 AM PST by Publius ("Who is John Galt?" by Billthedrill and Publius now available at Amazon.)
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To: F15Eagle

Have Gun-Will Travel


11 posted on 01/21/2014 11:53:56 AM PST by Antihero101607
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To: F15Eagle

“This number obviously includes some people who are not or never plan to seek employment.”

Which makes it irrelevant...


12 posted on 01/21/2014 11:54:44 AM PST by Wyatt's Torch
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To: F15Eagle

Of course it is.

Even Ray Charles could see that the numbers spewed by the crooks in Washington were cooked.


13 posted on 01/21/2014 11:54:45 AM PST by Carbonsteel
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To: Dr. Sivana

Yes she is.


14 posted on 01/21/2014 11:55:15 AM PST by Wyatt's Torch
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To: F15Eagle
I supposed, about a year ago, that the actual rate was close to 25% — looks like I was being kinda optimistic.

I believe that it will get worse; consider, for one moment, that the DC-ites (they aren't Americans) are pushing for amnesty.
They are after our subjugation and enslavement, by any means necessary, and if called on it they will say that it's a "voluntary servitude" and therefore not violative of the thirteenth amendment.

IN THE GRIM DARKNESS OF THE FAR FUTURE THERE IS ONLY GOVERNMENT.
[Direct Link]

The Tao of Republican Orthodoxy
[Direct Link]
The Modern Democratic Party & You
[Direct Link]

15 posted on 01/21/2014 11:55:42 AM PST by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: F15Eagle
The devastation isn't so apparent because people have tens of thousands of dollars of credit debt that they can float before they are homeless.

But the country is not economically healthy, that's for sure.

16 posted on 01/21/2014 11:55:52 AM PST by a fool in paradise ("Health care is too important to be left to the government.")
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To: a fool in paradise

Yea, Hilary will solve all the problems.


17 posted on 01/21/2014 11:57:13 AM PST by Rich21IE
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To: F15Eagle

18 posted on 01/21/2014 11:59:01 AM PST by pabianice (LINE)
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To: Publius
~~~bread lines, soup lines~~~

One can lay it all at the feet of Barack Obama -- the worst joke of a president, the most do-nothing, golfing, partying, and vacationing-only hoax perpetrated upon the American people.


19 posted on 01/21/2014 11:59:04 AM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: F15Eagle

Well....at least the First Lady had a great shindig.


20 posted on 01/21/2014 11:59:17 AM PST by Huskrrrr
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To: F15Eagle

And - he will be investigated by both the DOJ AND the IRS.


21 posted on 01/21/2014 11:59:34 AM PST by SkyDancer (Imagine a world without politicians, lawyers and federal judges.)
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To: Antihero101607

Just bought another box of ammo for self-defense last night.


22 posted on 01/21/2014 12:00:07 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: pabianice

lol - it’s a great thing to be opposite that kook and her like-minded buddies.


23 posted on 01/21/2014 12:02:01 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Dr. Sivana

I have a buddy who’s 26 and doesn’t have a job. He lives off a trust fund. Is he included in these numbers? Probably.


24 posted on 01/21/2014 12:02:25 PM PST by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: F15Eagle

That is the actual. 91 million out of the work force, or, about 30% of the total. They use the lying C3 numbers which do not reflect the actual out of the work force numbers.

Wont hear that in the MSN media though.


25 posted on 01/21/2014 12:02:53 PM PST by crz
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To: F15Eagle; All
"37.2% unemployed"
Wow!... that much, does anyone have the #'s for FDR.

26 posted on 01/21/2014 12:05:26 PM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: F15Eagle
t is nothing I've ever seen before in my entire life. Not even around 1980.

I think it was far worse in 1980. Of course, I was only a few years out of college then and within one person of getting laid off in the company I was working at. Now, I am nearing retirement and don't have to worry about being laid off. There are a LOT of other people between me and layoffs. What I remember is that there was a three year long depression from about 1980 to 1983. And the misery index was close to 45% (the sum of the prime rate, the unemployment rate, and the inflation rate). All were high.

27 posted on 01/21/2014 12:05:30 PM PST by jim_trent
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To: Wyatt's Torch
“This number obviously includes some people who are not or never plan to seek employment.”

Like this slug!

Shameless Load Boasts On-Air: She Lives GREAT on Welfare, 'Working is Stupid'- 'Taxpayers are Fools'

A recent caller to an Austin radio talk show ('Lucy', 32 y.o., Riverside, TX) -just one of the record 91.5M Americans who've left the US work force- bragged to the host that both she AND her husband 'don't see the need' for working these days... even though they have three young daughters. She said she prefers to live on welfare and 'benefits' so she can 'visit friends and smoke weed all day'...


28 posted on 01/21/2014 12:05:44 PM PST by COBOL2Java (I'm a Christian, pro-life, pro-gun, Reaganite. The GOP hates me. Why should I vote for them?)
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Comment #29 Removed by Moderator

To: COBOL2Java

Yikes — well, I’m trying to diet now anyways, lol.


30 posted on 01/21/2014 12:07:19 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: skinkinthegrass

They weren’t keeping statistics in those days, but modern statisticians estimate the unemployment rate during the darkest years of the Great Depression as being between 25 and 35 percent.


31 posted on 01/21/2014 12:07:41 PM PST by Publius ("Who is John Galt?" by Billthedrill and Publius now available at Amazon.)
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To: CodeToad

I travel the us and canada continually, I have never seen so many homeless in my life. Our country is falling, we have elected fools without common sense, the fed g should not be allowed to raise funds at all. Without a military intervention on behalf of thd constitutional minded folks, america has fallen


32 posted on 01/21/2014 12:08:14 PM PST by aces (Jesus Saves not Society)
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To: F15Eagle

“I believe this number to be highly-accurate. It is nothing I’ve ever seen before in my entire life. Not even around 1980.”

I certainly think the econmy and employment figures are worse than the state media reports, but I can’t believe Obama was re-elected if unemployment is almost 40%.

I used to sympathize with some ignorant people I know facing financial difficulty, until they made it clear that they never bothered to vote. Obama didn’t just win because of low-information voters; he had a lot of help from low-information non-voters...


33 posted on 01/21/2014 12:09:27 PM PST by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
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To: Publius
Thanks, for the info, I was afraid of that.

34 posted on 01/21/2014 12:09:35 PM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: jim_trent

Just hang loose. I know lots of people who don’t see what the problem is.

I also know of lots of people who have been forced to move in with relatives.

Houses have been abandoned for a couple of years until The Fed pumps in money to get the banks to loan.

In the Midwest, you could buy a $130,000 home with $40,000 forgiven, after 15 years, with the Neighborhood Stabilization Program. IF you have a job and IF you don’t make too much money. But you’ll still have the house, utility, car insurance, food payments. And the $40,000 is forgiven only after the 15th year (as I understand it).

I don’t think you can make over the $30,000’s or so, total household income.


35 posted on 01/21/2014 12:11:53 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: kearnyirish2

He was re-elected because people were told government statistics that were lies, and the media spread these lies as truth and didn’t challenge them. Anyone who tried to get the truth out was quickly demonized and shut down.


36 posted on 01/21/2014 12:12:58 PM PST by Publius ("Who is John Galt?" by Billthedrill and Publius now available at Amazon.)
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To: kearnyirish2
"Obama didn’t just win because of low-information voters;
he had a lot of help from low-information non-voters.."
*sigh* .. that's so true.

37 posted on 01/21/2014 12:15:36 PM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: aces

~~~I travel the us and canada continually, I have never seen so many homeless in my life. Our country is falling~~~

Absolutely. I remember a vacation to Phoenix in 1995. There was a beggar on every street corner. But there were jobs but obviously a tremendous homeless problem there. I was approached by one within hours of landing at the airport (passenger).


38 posted on 01/21/2014 12:16:20 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: a fool in paradise
Things will improve when Obama loses HIS job.

Nope, that's when the Zombie Invasion Hits
as the City Folk lose their freebies,
the EBT cards cease to work,
the transportation network implodes,
and despair sinks in...

This is why the Elite are propping up the system.
Once this thing hits, it will be a LONG WAY DOWN

39 posted on 01/21/2014 12:17:57 PM PST by HangnJudge
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To: Biggirl
look @ this, I wonder why RUSH didn't mention this.

40 posted on 01/21/2014 12:18:05 PM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: F15Eagle

Its not just Obama, I’m sorry to say, its the entire establishment way of massaging the numbers over the decades


41 posted on 01/21/2014 12:18:09 PM PST by 4rcane
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To: kearnyirish2

~~~but I can’t believe Obama was re-elected if unemployment is almost 40%.~~~

I can. I’ve talked to dozens of Obots. They couldn’t find the truth if it hit them over the head.

They are stuck on “Bush’s fault” and will never wake up. Watch any idiot liberal “talk” or “news” show (if you can stand more than two minutes). The lies and propaganda are endless.


42 posted on 01/21/2014 12:18:28 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: F15Eagle

The reason it’ll be worse than the 30’s is because a huge portion of the population now has no idea how to feed themselves.


43 posted on 01/21/2014 12:20:16 PM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: 4rcane

Tampering with various economic statistics began all the way back in 1961 with Kennedy. Every administration since then, both Democrat and Republican, have played the same game.


44 posted on 01/21/2014 12:21:46 PM PST by Publius ("Who is John Galt?" by Billthedrill and Publius now available at Amazon.)
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To: F15Eagle

We are in a very badly divided country.


45 posted on 01/21/2014 12:22:11 PM PST by Biggirl (“Go, do not be afraid, and serve”-Pope Francis)
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To: HangnJudge

~~~as the City Folk lose their freebies,
the EBT cards cease to work,
the transportation network implodes,
and despair sinks in...~~~

And the “knockout game” is just the beginning. I doubt anyone will want to enter big cities during those days, unarmed and probably not otherwise.


46 posted on 01/21/2014 12:22:30 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: F15Eagle

If it is possible, Obama has passed Jimmuh Car-terr.


47 posted on 01/21/2014 12:24:18 PM PST by RetiredArmy (I am proud to be a Christian and follower of my Lord Jesus Christ. Time is short for U to know Him!)
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To: 4rcane

I agree -— but the employment situation is far worse under this clown.

He’s not qualified to man a fruit stand on the side of a dusty road.

And neither is “three-letters ‘J-O-B-S’” Biden.


48 posted on 01/21/2014 12:24:26 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: MrB

absolutely


49 posted on 01/21/2014 12:25:03 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Biggirl

Brought by the king of chaos.


50 posted on 01/21/2014 12:26:40 PM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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