US Jobs Report for January 2010

... Is complete crap. USA unemployment rate is now at 9.7%. But there were a million more jobs lost last year then were origionally counted. If the same accounting measures were used for current unemployment as was for the last year, then we would be at roughly 10.7%. There were also 15k-20k more jobs lost last month than gained, so how does that work? Aside from them flat out lying by omission or statistical manipulation. The real unemployment rate is at 17-18%

With greater than 1% of unemployed no longer looking, that not only is the sole reason for any loss in unemployment but it also shows that this would add to the real unemployment rate, which kicks that up to 18-19%. Wow, this is looking like FDR's depression. And look what Obama is doing - he is recreating the same environment as FDR did with the Glass-Steagall act. Obama is purposefully tanking the economy. The reason for this is power, control of the people, etc. Its also a philosophy that he embraces: Marxism. The best way to take the world's most powerful example of capitalism is to take it down by way of its currency.

There is also some stuff on the horizon in terms of some sketchy financial dealings by the USA and manipulation in the gold market It will be interesting to see what happens here.