Freedom Outpost – Michael Snyder – 6/25/2014
Over at shadowstats.com, John Williams publishes alternative economic statistics that he believes are much more realistic than the government numbers. According to his figures, the
has actually been continually
contracting since 2005. That would mean that we have been in a recession
for the last nine years. U.S.
Right now, the Federal Reserve tells us that the inflation rate is sitting at about 2 percent.
But according to John Williams, if the inflation rate was calculated the same way that it was in 1990 it would be nearly 6 percent.
And if the inflation rate was calculated the same way that it was in 1980 it would be nearly 10 percent.
But according to shadowstats.com, the broadest measure of unemployment is well over 20 percent and has kept rising since the end of the last recession.
And according to the Federal Reserve's own numbers, the percentage of working age Americans with a job has barely increased over the past four years...