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Americans Live In A World Of Lies

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  • The millions of Americans whose jobs were given away to foreigners know full well that they have not benefited. They know the story told by neoliberal economists and financial presstitutes is a lie.
  • Related: American Society Would Collapse If It Weren’t For These 8 Myths.

Paul Craig Roberts, OpEdNews

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Sat Aug 4, 2018 | The US government and the presstitutes that serve it continue to lie to us about everything. Today the Bureau of Labor Statistics told us that the unemployment rate was 3.9%. How can this be when the Bureau of Labor Statistics (BLS) also reports that the labor force participation rate has declined for a decade throughout the length of the alleged economic recovery and there is no upward pressure on wages from full employment. When jobs are plentiful, people enter the labor force to take advantage of the work opportunities. This raises the labor force participation rate. When employment is full -- which is what a 3.9% unemployment rate means -- wages are bid up as employers compete for scarce labor. Full employment with no wage pressure and no rise in the labor force participation rate is impossible.

The 3.9% unemployment rate is not due to employment. It results from not counting discouraged workers who have ceased to search for jobs because there are no jobs to be had. If an unemployed person is not actively searching for a job, he is not counted as being in the labor force. The way the unemployment rate is measured makes it a hoax.

http://evergreenedigest.org/sites/default/files/Paul%20Craig%20Roberts%2C%20Institute%20for%20Political%20Economy.jpgPaul Craig Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal.

Read more …

Related:

American Society Would Collapse If It Weren’t For These 8 Myths. Lee Camp, TruthDig / Popular Resistance

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studiostoks / Shutterstock

  • Point is, in order to enforce this illogical, immoral system, the corrupt rulers—most of the time—don’t need guns and tear gas to keep the exploitation mechanisms humming along. All they need are some good, solid bullshit myths for us all to buy into, hook, line and sinker. Some fairy tales for adults.
  • It’s time to wake up.

 

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