
“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:
Supreme Court: Towns Must Stop Treating Residents Like ATMs
Ron Paul: Iraq Collapse Shows Bankruptcy of Interventionism
You Don’t Need a Weatherman to Know Which Way the Wind Blows
Bill Bonner: Gun-Toting Health Enforcers
Monetary Madness
Believe a Politician and You Will Lose Your Money
The World’s Central Banks Blink
Naomi Wolf: My creeping concern that the NSA leaker is not who he purports to be
Michael Scheuer: As scandals deepen, Obama and Republicans will intervene in Syria
So, Sir Patrick Stewart Wants to Become a US Citizen?
Bill Bonner: The Housing Rebound Story Is a Fraud
The Detroit (or New American) Yard Sale … Coming to a City Near You
While America Feuds, the Police State Shifts Into High Gear
New Mexico Police Fire Into Minivan Filled With Children
Bill Bonner: It's about geo-politics!