by Graham Summers, Gains Pains & Capital:
The corrupt edifice that has propped up the US big banks and financial system is beginning to crumble before our very eyes. I’ve warned subscribers of Private Wealth Advisory that this would happen. Now it is.
First and foremost, the former head of the Bureau of Labor Statistics (the group in charge of calculating the “official” unemployment numbers and inflation measures) has stepped forward and stated, point blank, that the unemployment numbers in the US are a joke.
Keith Hall believes the US economy is a lot sicker than the 7.6 percent unemployment rate would lead you to believe.
And he should know.
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