
“The real US rate of unemployment is almost three times higher than the reported–headline rate–of 8.1%. What is the purpose of reporting an unemployment rate that is about one-third the real unemployment rate? The only answer is deception through Happy News. A financial system based on lies and deceptions cannot forever last.”
http://www.paulcraigroberts.org/2012/09/08/spinning-bad-financial-news-into-good-paul-craig-roberts/
Related posts:
Scott Horton Radio: 7/27/12 Ryan Alford
Telegraphing the Turnaround in Gold
Jacob Hornberger: The Biggest Threat to Our Country
Bill Bonner: Trump’s Not Like Ike
Could Obama use NDAA To Arrest Militias?
Drones, Tanks, Helicopters & Jails
A Social Phenomenon: Protests Erupt in Brazil
Can We Ever Trust Black Market Websites Again?
Chauvinists and Other Anti-Peace Voices
Eric Margolis: Another Jolly Little War
Obama: Fool Me Thrice, Shame on Whom?
What Turbulent Times Mean for Gold
Everything's Fixed, Everything's Great
'Credibility'
Detlev Schlichter: Forward Guidance? – Nonsense! Central bankers have no choice.