from The Daily Bell:
US created 151,000 jobs in August vs. 180,000 jobs expected … August traditionally has been a difficult month for jobs numbers, and 2016 proved no exception, likely putting the Federal Reserve on hold for a rate hike anytime soon. – CNBC
What a mess. The latest jobs report shows lowered growth. That doesn’t matter of course. The government will revise the numbers upward.
And the Federal Reserve will do its part, ultimately, by continuing to print money at a rapid clip, even if it does manage to raise rates a quarter point. Surely that’s won’t happen before the presidential elections, will it?
And ultimately, none of it matters.
Fed monetary debasement cannot create a profitable economy. And lying about the economy doesn’t make it any healthier.
What can you do at this critical juncture? Prepare yourself as best you can for significant upcoming economic challenges. And maybe a war or two besides.
Certainly you don’t want to trust government numbers. And don’t be fooled by Fed pronouncements. The Fed has been trying to goose the economy for eight years without much success.
The numbers are always phony, whether they come from the government or the Fed. Price inflation, for instance, supposedly pushed upwards toward the magic 2% mark. But real price inflation is a good deal higher than that.
When it comes to almost any kind of number fedgov figures can be disputed. This makes Federal Reserve decisions themselves suspect.
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