Are We Approaching the Cliff in 2014'?

[wkmac]

Jim welcomes back John Williams from Shadow Government Statistics. John believes the real unemployment rate is 22%, not 8.1%, which is why it still feels like a recession. He also calculates the CPI at 6%, not 2.8%, and explains how the government manipulates the rate of inflation. Lastly, John believes the US is still on track for hyperinflation in 2014 as we near the coming fiscal cliff.

John Williams: The Real Unemployment Rate: 22% not 8.1%

 

[moreluck]

I never know if you are serious or not anymore.......but, I believe 8.1 is a "dressed up" figure and the real number is much higher. .

 

[Babagounj]

We ( collectively ) have already driven off that cliff.

 

[ajblakejr]

We ( collectively ) have already driven off that cliff.

The same cliff Paul Ryan dumps the old lady off?

(I support Paul Ryan.)

 

[bbsam]

What difference does it make?

 

[hondo]

Personally, I'm concerned we're heading for stagflation.

 

[rod]

We all are riding with Ted Kennedy headed for a narrow bridge.

 

[bbsam]

Not really. Eventually a correction has to be made. People determine economics. Who does it benefit if everyone is bankrupt? Either it gets turned around or it gets reset.

 

[tourists24]

What difference does it make?

oh BB.... it makes huge difference... getting below that magic 8 percent could get Obama re elected.... get with the program

 

[Bad Gas!]

Obama budget defeated 99-0 in Senate - Washington Times


We could start with a budget...What a thought!

 

[bbsam]

oh BB.... it makes huge difference... getting below that magic 8 percent could get Obama re elected.... get with the program

Dop