The Labor Department released last week’s first time jobless claims. They report another 712,000 jobless claims.
And, of course, as for the standard operating procedures go, the mainstream financial “experts” are silent or spinning it as “well, it could have been worse.”

I keep saying it over and over so people do not lose sight of reality. These numbers are worse the worst week of the Great Recession (670,000). How is this good news or not as bad? Only a simpleton would believe that.

But to further add to the nonsense, recently mainstream media made a big hoopla about how the official unemployment rate has lowered now to 6.2%

Again, to be acerbic, only an unenlightened halfwit would actually take these numbers serious. For those that do not know, once an individual stops receiving their unemployment checks, then the government no longer views them as unemployed. Plus, there is just simply no possible way from any logical standpoint that unemployment rates can go lower when at least 700K and then some (we are told) each week.

Do not trust the malarkey in the media. Continue to prepare because it is going to get NASTY in the soon future.


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